Plus500 Ltd (DI) (PLUS)

Sector:

Financials

Index:

FTSE 250

1,480.00p
   
  • Change Today:
    -4.50p
  • 52 Week High: 1,573.50
  • 52 Week Low: 1,255.50
  • Currency: UK Pounds
  • Shares Issued: 100.08m
  • Volume: 195,356
  • Market Cap: £1,481.20m

Plus500 posts dip in Q3 earnings but lifts FY expectations

By Michele Maatouk

Date: Monday 25 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Online trading platform Plus500 posted a dip in its third-quarter earnings on Monday but said full-year revenues and underlying earnings were set to be ahead of analysts' expectations after an "excellent performance" so far this year.
In an update for the third quarter, the company said earnings before interest, tax, depreciation and amortisation fell 4% to $128.6m, with revenues down 2% to $211.4m. This came as the number of new customers slumped 43% to 26,169, with active customers down 16% to 166,310.

However, compared with the third quarter of 2019, before the pandemic hit, EBITDA was up 83% and revenue was 91% higher.

Plus500 said that given the "excellent performance delivered so far this year", it expects FY 2021 revenue and EBITDA to be ahead of analysts' consensus forecasts.

Chief executive David Zruia said: "Plus500 delivered another excellent performance in Q3 2021, maintaining the strong operational momentum achieved in previous periods. This has been primarily driven by the strength and agility of our technology and our ability to effectively respond rapidly to market developments, news events and customer requirements.

"We aim to access future growth through continued organic investment and targeted bolt-on acquisitions, as we continue to expand our CFD offering, launch new products and deepen engagement with our customers. Supported by our on-going success in accessing such growth opportunities, we look forward to delivering sustainable growth 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 1,480.00p
Change Today -4.50p
% Change -0.30 %
52 Week High 1,573.50
52 Week Low 1,255.50
Volume 195,356
Shares Issued 100.08m
Market Cap £1,481.20m

PLUS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.14% above the market average78.14% above the market average78.14% above the market average78.14% above the market average78.14% above the market average
60.32% above the sector average60.32% above the sector average60.32% above the sector average60.32% above the sector average60.32% above the sector average
Price Trend
69.12% above the market average69.12% above the market average69.12% above the market average69.12% above the market average69.12% above the market average
59.42% above the sector average59.42% above the sector average59.42% above the sector average59.42% above the sector average59.42% above the sector average
Income
93.40% above the market average93.40% above the market average93.40% above the market average93.40% above the market average93.40% above the market average
76.32% above the sector average76.32% above the sector average76.32% above the sector average76.32% above the sector average76.32% above the sector average
Growth
96.85% above the market average96.85% above the market average96.85% above the market average96.85% above the market average96.85% above the market average
91.60% above the sector average91.60% above the sector average91.60% above the sector average91.60% above the sector average91.60% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
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
  Interim Final
Ex-Div 26-Aug-21 25-Feb-21
Paid 11-Nov-21 12-Jul-21
Amount 59.21¢ 54.22¢

Trades for 21-Jan-2022

Time Volume / Share Price
16:35 169 @ 1,480.00p
16:35 72,930 @ 1,480.00p
16:29 120 @ 1,483.00p
16:29 27 @ 1,482.00p
16:29 184 @ 1,482.00p

PLUS Key Personnel

Chair Jacob A. Frenkel

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