With shares of Plus500 currently in a nose dive, apparently not everyone is a seller. In a regulatory filing issued today, Odey Asset Management was stated to be a buyer of shares yesterday, increasing their stake by 1,605,000 shares to a 14.09% stake in the online CFD and forex broker.

The buying takes places as Plus500 shares have fallen to just above 405p today after having closed last week’s trading at 750p. Dragging shares lower has been the implementation of additional compliance requirements for Plus500UK clients, accounting for 50% of the broker’s revenues. According to Plus500, as of yesterday afternoon, 55% of Plus500UK customers have yet to pass the new electronic verification process; freezing trading of new positions.

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Nonetheless, the negative environment is being viewed as a buying opportunity for Odey Asset Management. Their buying follows a similar plan of action taken in July 2014. At that time, Plus500 shares fell to a low of 345p, after having traded above 700p in previous months. That decline was the first major downturn for what has been non-stop bullish momentum in the stock following its July 2013 IPO.

For Odey, the 2014 acquisition turned out to be a well-timed buy for the value focused asset manager. After hitting a low of 345p in July 2014, shares have more than doubled to a high of 781p this past April, before the current collapse of trading. Buy continuing to be buyers, Odey appears to continue to believe the Plus500 growth story is primed to continue, with its shares being a value at current levels.