Plus500 Ltd (DI) (PLUS)

Sector:

Financials

Index:

FTSE 250

2,210.00p
   
  • Change Today:
      16.00p
  • 52 Week High: 2,212.00
  • 52 Week Low: 1,286.00
  • Currency: UK Pounds
  • Shares Issued: 77.60m
  • Volume: 243,044
  • Market Cap: £1,714.90m

Plus500 buys back 7.3m shares from Odey

By Michele Maatouk

Date: Tuesday 13 Jun 2023

LONDON (ShareCast) - (Sharecast News) - Online trading platform Plus500 surged on Tuesday after it bought back around 7.3m shares - or 8.2% of its share capital - from Odey Asset Management for £101.3m.
The shares were purchased a 1,383p each.

Plus500 said: "Given the significant strength of the company's balance sheet and the prevailing circumstances, the board believes the purchase is in the best interest of all shareholders.

"The company has acted quickly to execute this opportunity to acquire shares at an attractive price, in-line with the company's capital allocation and shareholder return policy."

Odey Asset Management announced over the weekend that founder Crispin Odey had been removed from the firm's partnership following allegations of sexual misconduct.

At 1225 BST, the shares were up 7.7% at 1,497p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PLUS Market Data

Currency UK Pounds
Share Price 2,210.00p
Change Today 16.00p
% Change 0.73 %
52 Week High 2,212.00
52 Week Low 1,286.00
Volume 243,044
Shares Issued 77.60m
Market Cap £1,714.90m

PLUS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.03% above the market average61.03% above the market average61.03% above the market average61.03% above the market average61.03% above the market average
31.48% below the sector average31.48% below the sector average31.48% below the sector average31.48% below the sector average31.48% below the sector average
Price Trend
92.28% above the market average92.28% above the market average92.28% above the market average92.28% above the market average92.28% above the market average
91.38% above the sector average91.38% above the sector average91.38% above the sector average91.38% above the sector average91.38% above the sector average
Income
28.64% above the market average28.64% above the market average28.64% above the market average28.64% above the market average28.64% above the market average
55.22% below the sector average55.22% below the sector average55.22% below the sector average55.22% below the sector average55.22% below the sector average
Growth
91.61% below the market average91.61% below the market average91.61% below the market average91.61% below the market average91.61% below the market average
81.65% below the sector average81.65% below the sector average81.65% below the sector average81.65% below the sector average81.65% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PLUS Dividends

  Latest Previous
  Final Special
Ex-Div 29-Feb-24 24-Aug-23
Paid 11-Jul-24 09-Nov-23
Amount 39.11¢ 32.19¢

Trades for 03-May-2024

Time Volume / Share Price
15:13 0 @ 2,182.00p
15:12 0 @ 2,182.00p
15:12 0 @ 2,182.00p
15:11 0 @ 2,184.00p
15:12 0 @ 2,182.00p

PLUS Key Personnel

Chair Jacob A. Frenkel

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