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 revenues, income fall as markets stabilise

By Michele Maatouk

Date: Monday 12 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Online trading platform Plus500 reported a drop in first-half revenues and customer income on Monday as the market environment stabilised following a period of high volatility after the pandemic hit.
In the six months to 30 June, customer income fell to $379.2m from $556.9m in the same period a year ago, but was up from $175m in the first half of 2019. For the second quarter, customer income came in at $157.7m versus $323.4m in 2020 and $93m in 2019.

Group revenue declined to $346.2m in the first half of 2021 from $564.2m in the same period a year earlier. Second-quarter revenue was $143m versus $247.6m the year before and $94.1m in Q2 2019.

"The company delivered significant further positive momentum during the first half of 2021, despite a relatively stable market environment in Q2 2021, when compared to recent periods, and against a record performance during 2020," it said.

Plus500 said it added 136,980 new customers during the half, including 47,574 in the second quarter. This was down from 198,176 in the first half of 2020 but up from 47,540 in 2019.

Chief executive officer David Zruia said: "Our long-term ambition is to enable simplified, universal access to financial markets as we continue to transition into a global multi-asset fintech group . We are thrilled to be already making significant progress in delivering this vision, with the recent launch of Plus500 Invest and the acquisition of Cunningham and CTS, both of which ensure that Plus500 can offer customers a diversified portfolio of products.

"Supported by our continued success in accessing such growth opportunities in the future, through further investment in organic growth and additional bolt-on acquisitions to diversify our product portfolio and geographic mix, we aim to deliver growth and consistent levels of cash generation over the medium to long term."

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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 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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