Updates

Plus500 - Q2 revenues up 162%!

September 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Plus500, the leading technology platform for trading contracts for difference, has shrugged off its previous problem of clients winning too much, with its latest update stating revenues for the six months ended 30th June increased 281% to US$564m with Q2 alone generating US$247.6m, an increase of 162% year-on-year. Importantly the period end position of customer trading reverted to insignificant historical levels. The performance was aided by “heightened volatility,” which drove a consistently high level of customer trading activity. In addition it onboarded 198,176 customers in H1 ’20 (H1 2019: 47,540) at an attractive cost, which ensured a record number of active customers trading on its platform. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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