Plus500 Ltd (DI) (PLUS)

Sector:

Financials

Index:

FTSE 250

1,541.00p
   
  • Change Today:
      16.00p
  • 52 Week High: 1,590.00
  • 52 Week Low: 1,255.50
  • Currency: UK Pounds
  • Shares Issued: 98.53m
  • Volume: 192,906
  • Market Cap: £1,518.36m

Plus500 sees FY revenues ahead of expectations

By Michele Maatouk

Date: Tuesday 05 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Online trading platform Plus500 said on Tuesday full-year revenue is set to be ahead of the board's expectations as it announced the departure of its co-founder and former chief executive officer Gal Haber.
In an update for the year to the end of December 2020, the company said revenue was expected to be around $872m, up from guidance of around $829.2m at the end of October.

Meanwhile, earnings before interest, tax, depreciation and amortisation are set to come in at around $515m, broadly in line with the $520.5m it said it was expecting in October.

Softcat said it delivered a "record" performance in FY 2020 and that driving customer income remains its core focus, with record levels achieved during the year of around $997m.

A record number of active customers used the platform, with a much reduced rate of customer churn from the prior year, it said.

Plus500 also said that Gal Haber plans to step down from his executive position as a managing director and from his position as a director of the board, with immediate effect.

Chief executive officer David Zruia said: "In the context of an unprecedented and uncertain market environment, 2020 was an outstanding year for Plus500, during which we delivered a record financial and operational performance. The positive momentum built up during 2020 was driven by the strength and differentiation of our proprietary technology.

"This was supported by the expertise of our people, who ensured that our customers received a consistently high quality service during the year, and we are extremely grateful to our people for their continued hard work and commitment."

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PLUS Market Data

Currency UK Pounds
Share Price 1,541.00p
Change Today 16.00p
% Change 1.05 %
52 Week High 1,590.00
52 Week Low 1,255.50
Volume 192,906
Shares Issued 98.53m
Market Cap £1,518.36m

PLUS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.38% above the market average87.38% above the market average87.38% above the market average87.38% above the market average87.38% above the market average
68.60% above the sector average68.60% above the sector average68.60% above the sector average68.60% above the sector average68.60% above the sector average
Price Trend
62.48% above the market average62.48% above the market average62.48% above the market average62.48% above the market average62.48% above the market average
57.66% above the sector average57.66% above the sector average57.66% above the sector average57.66% above the sector average57.66% above the sector average
Income
81.71% above the market average81.71% above the market average81.71% above the market average81.71% above the market average81.71% above the market average
32.47% above the sector average32.47% above the sector average32.47% above the sector average32.47% above the sector average32.47% above the sector average
Growth
44.42% above the market average44.42% above the market average44.42% above the market average44.42% above the market average44.42% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 1
Total 4
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 24-Feb-22 24-Feb-22
Paid 11-Jul-22 11-Jul-22
Amount 37.77¢ 22.18¢

Trades for 20-May-2022

Time Volume / Share Price
16:58 11,306 @ 1,575.83p
16:50 10,724 @ 1,541.00p
16:37 10,724 @ 1,541.00p
16:35 72,596 @ 1,541.00p
16:29 5 @ 1,550.00p

PLUS Key Personnel

Chair Jacob A. Frenkel

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