The major shareholder of Plus500 has started accumulating a position in Playtech.
The foreign Exchange and CFDs trading industry has been under pressure since the start of the year. This has been primarily driven by the rollout of the new regulatory restrictions over the business of retail brokers. One company which has been particularly keen to invest in the space is Odey Asset Management.
The firm at one point owned over 20% of the shares of Plus500. As the company was in crisis mode at the end of 2015, the fund voted against a takeover attempt by Playtech. Today, a filing with the London Stock Exchange shows that Odey Asset Management has instead started building up a stake in the gaming and financial trading giant itself.
Playtech’s shares have lost about half of their value since a peak in June 2017. Today’s move shows that the company is becoming attractive once more on an institutional level after months of declines.
Listed firm Plus500 has been bucking an industry-wide trend in recent quarters. Despite some hiccups along the way, the Israeli brokerage has by far been the top performer over the past several years too.
The company’s shares are trading 25 percent lower since a peak marked in August. But Plus500 marked incredible growth when compared to its industry peers. The latest run higher has largely been because of the firm’s timely entry into the crypto market last year.
Shares of Publicly Listed Brokerages
Looking at the chart above we see that the performance of retail brokerages across the spectrum has been a mixed bag. Plus500 shares rose 73.5 percent over the past year, while IG Group rallied a touch over 42 percent.
An investment in GAIN Capital returned to the company’s shareholders about 17 percent and CMC Markets has been at the bottom of the pack with a 9 percent increase over the past 12 months.
Playtech is a clear outlier here with the firm’s stock dropping 47.5 percent over the same period of time. The company’s stock last traded at these levels back in 2013.
Tedi Saggy's Exit Timing
The main difference between Playtech and the other companies discussed in this article is clear. The gaming business of the firm has been at its core since it was founded by Teddy Sagi in 1999.
The company got floated in 2006 at a valuation of $950 million. Around the time when Sagi chose to exit the firm and sell his stake, Playtech's market cap was £3 billion.
If this is not a testament to Mr Sagi's ingenuous business sense, I don't know what is.
The foreign Exchange and CFDs trading industry has been under pressure since the start of the year. This has been primarily driven by the rollout of the new regulatory restrictions over the business of retail brokers. One company which has been particularly keen to invest in the space is Odey Asset Management.
The firm at one point owned over 20% of the shares of Plus500. As the company was in crisis mode at the end of 2015, the fund voted against a takeover attempt by Playtech. Today, a filing with the London Stock Exchange shows that Odey Asset Management has instead started building up a stake in the gaming and financial trading giant itself.
Playtech’s shares have lost about half of their value since a peak in June 2017. Today’s move shows that the company is becoming attractive once more on an institutional level after months of declines.
Listed firm Plus500 has been bucking an industry-wide trend in recent quarters. Despite some hiccups along the way, the Israeli brokerage has by far been the top performer over the past several years too.
The company’s shares are trading 25 percent lower since a peak marked in August. But Plus500 marked incredible growth when compared to its industry peers. The latest run higher has largely been because of the firm’s timely entry into the crypto market last year.
Shares of Publicly Listed Brokerages
Looking at the chart above we see that the performance of retail brokerages across the spectrum has been a mixed bag. Plus500 shares rose 73.5 percent over the past year, while IG Group rallied a touch over 42 percent.
An investment in GAIN Capital returned to the company’s shareholders about 17 percent and CMC Markets has been at the bottom of the pack with a 9 percent increase over the past 12 months.
Playtech is a clear outlier here with the firm’s stock dropping 47.5 percent over the same period of time. The company’s stock last traded at these levels back in 2013.
Tedi Saggy's Exit Timing
The main difference between Playtech and the other companies discussed in this article is clear. The gaming business of the firm has been at its core since it was founded by Teddy Sagi in 1999.
The company got floated in 2006 at a valuation of $950 million. Around the time when Sagi chose to exit the firm and sell his stake, Playtech's market cap was £3 billion.
If this is not a testament to Mr Sagi's ingenuous business sense, I don't know what is.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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