|Bid||1,066.00 x 0|
|Ask||1,067.00 x 0|
|Day's range||1,037.50 - 1,115.50|
|52-week range||399.70 - 1,115.50|
|Beta (5Y monthly)||-0.25|
|PE ratio (TTM)||8.01|
|Earnings date||12 Feb 2020|
|Forward dividend & yield||0.50 (4.85%)|
|Ex-dividend date||27 Feb 2020|
|1y target est||24.27|
Those following along with Plus500 Ltd. (LON:PLUS) will no doubt be intrigued by the recent purchase of shares by Alon...
(Bloomberg) -- For a group of firms selling risky derivatives to retail investors in Britain and beyond, the coronavirus has meant good business.CMC Markets Plc reported client-trading activity in March was more than double that of “more normalized market conditions,” and expects full-year profit to beat expectations, according to a statement Friday. Rivals IG Group Holdings Plc and Plus500 Ltd. have both reported similar surges in revenue this week.The companies, all listed on the London stock market, deal in contracts for difference, or CFDs -- derivatives largely banned in the U.S. that traders use to wager on stocks, bonds and commodities, often with borrowed funds that juice the size of their bets. The firms’ revenue has been constrained in recent years as regulators across Europe criticize their products as inappropriate for inexperienced investors, while clamping down on what they can do.The chaos triggered by the spreading coronavirus has prompted a trading surge among CFD customers as they attempt to profit from some of the most volatile markets on record. While shares in the firms are down so far this year, they’re outperforming European and U.S. banks.“At times like these it is not just about our financial performance, which is clearly very good, but it is about protecting the business, our clients and our staff,” CMC Chief Executive Officer Peter Cruddas said in the statement. “We are operating very well and there are no major commercial or technology issues that concern me.”Shares in CMC soared 17% to 158 pence at 9:44 a.m. in London trading, the most since it went public in 2016. The stock is down 8% for the year so far, compared with a 41% slump for the Bloomberg Europe 500 Banks and Financial Services Index.Stuart Duncan, an analyst at Peel Hunt, said CMC is able to operate “indefinitely” from recovery sites and with staff working from home. The company is a “clear beneficiary” in times of volatility and uncertainty, he wrote.IG’s revenue for the quarter ended Feb. 29 surged 29% from a year earlier to 139.8 million pounds ($164.5 million). That was the strongest period since the European Securities and Markets Authority imposed restrictions on CFDs in August 2018, according to the London-based firm.Plus500, based in Haifa, Israel, reported a “significantly increased level of customer trading activity” on March 16 and said it expects “revenue and profitability to be substantially ahead of current consensus expectations.”Plus500 says it profits from “customer trading performance,” meaning it’s exposed to customers’ winning and losing trades. CMC and IG say they hedge that risk away, gaining their income from commissions and financing trades. ESMA, the European watchdog, and the U.K. Financial Conduct Authority crimped the amount of borrowed funds that amateur traders can load on to their bets, while some jurisdictions have banned the products outright. Regulators said they were concerned at how often investors lost money on CFD trades they didn’t understand.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Given the current volatility investors face, it is more important than ever to identify high quality stocks over speculative ones with weak fundamentals. This8230;
These two FTSE 250 growth stocks are climbing while markets plunge. The post These 2 FTSE 250 stocks are rising despite the crash. Here's what I'd do now appeared first on The Motley Fool UK.
G A Chester sees a 'sell', a 'buy' and an 'avoid' among the FTSE 350's three crash-defying stocks.The post Should I buy the 3 FTSE 350 stocks that were UP in last week's market crash? appeared first on The Motley Fool UK.
Here are two stocks that did well last week in spite of the market meltdown.The post 2 FTSE 350 shares I see doing well in this market correction appeared first on The Motley Fool UK.
Not every company will necessarily suffer if things get worse. Paul Summers speculates on three stocks that could be stable in tough times.The post Fear this crash could get worse? Here are 3 stocks I think could hold their own! appeared first on The Motley Fool UK.
The CBOE Volatility Index , widely considered to be Wall Street's fear gauge, scaled a two-year high in the last session as U.S. indexes confirmed their entry into correction territory, with investors dumping riskier assets amid fears of a pandemic. Plus500, which facilitates trading of contracts for differences (CFDs) internationally, pointed to "heightened volumes of trading across global financial markets" in the recent period, without disclosing the time frame. The positive trading update is just weeks after the company posted a plunge in 2019 profit as a regulatory clampdown on high-risk financial market betting hampered trading activity.
Plus500 Ltd. (LON:PLUS) is about to trade ex-dividend in the next 4 days. Investors can purchase shares before the...
When the financial markets get choppy, this firm’s profits tend to rise.The post Why I bought shares in this recovering FTSE 250 firm with a fat dividend appeared first on The Motley Fool UK.
Shares in Plus500, which have slumped 35% in 2019, climbed 3.5% to 883.4 pence by 0802 GMT. Plus500 and its rivals CMC Markets and IG Group have seen a drop in client numbers as regulators in Britain and the European Union tightened rules on the sale of certain high-risk financial products to amateur traders. "We finished the year in good financial and operational shape following a period of change for the industry, which has provided a more certain regulatory outlook for Plus500," Chief Executive Officer Asaf Elimelech said in a statement.
Plus500 Ltd. (LON:PLUS) shareholders (or potential shareholders) will be happy to see that the Senior Strategy...
British online trading firm CMC Markets Plc said on Thursday it expects its full-year results will top analysts' forecasts as it bounces back after being hit by regulatory changes in the industry. Shares in CMC briefly jumped more than 7% after the company said its net operating income and pretax profit for the year ending next March would slightly exceed analysts' highest estimates. CMC and rivals Plus500 Ltd and IG Group lost clients after regulators in Europe and Britain tightened online trading rules last year, but their recent trading updates have signalled the situation has stabilised.
Online financial trading platform Plus500's shares jumped 20% on Tuesday, boosted by a new share buyback plan and solid new customer additions. Plus500, whose shares have been pummelled in recent months by a collapse in revenue due to lower market volatility and a European clampdown on highly leveraged betting, said it was on track to meet expectations for 2019. It said it planned to buy back of up to $50 million of its shares and also revised its distribution policy to return 60% of net profit to shareholders, with half of that through dividends.