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Retail FX and CFD broker Plus500 Ltd (LON:PLUS) today issued a trading update for the financial year ended 31 December 2024.
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Ahead of Plus500’s 2024 AGM, both ISS and Glass Lewis recommended that shareholders vote against the Directors’ Remuneration Report.
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Retail FX and CFD broker Plus500 Ltd (LON:PLUS) today provided a trading update for the three months ended 31 March 2024.
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Plus500 is set to lease an additional 5,800 square meters of office space near its current global headquarters in Haifa, Israel.
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The purchase has been conducted separately from Plus500’s $70M share buyback program, which will continue as planned.
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At its current share price of £15.68, Plus500 is trading at multiples of 2023e consensus results of 3.0x Revenue and 8.1x Profit.
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+Insights will use community driven data to allow users to analyze millions of Plus500 traders’ activity in real time.
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Plus500 posted revenues of $194.5 million in Q3 2022, compared to $211.4 million in the equivalent quarter a year earlier.
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Nadav Shilo spent the last nine years building and leading Plus500’s Affiliates program.
Daniel King, featured, LON:PLUS, Plus500, Plus500 revenue
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Plus500 reported revenue of $511.4 million for the first six months of 2022, up 48% from the equivalent period a year earlier.
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