Plus500 Shares Hit All-Time High After Announcing Trading Update

Shares of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFD broker, Plus500, are trading to an all-time high of 215p following the firm’s ‘trading update’ to investors. According to Plus500, trading at the broker remains strong. As a result, following an earlier update on October 17th of strong results for 2013, the broker is stating today that, “The Company now anticipates that revenues for the year ending 31 December 2013 will be significantly ahead of market expectations.”

In regards to operational metrics, Plus500 mentioned that Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term costs “remain stable”, even as customer growth was accelerating. In addition, the broker stated that the “Company's strategy of listing on the London market to increase brand awareness has contributed to this success.”

The favorable trading update from Plus500 occurs after IG Group issued tepid expectations yesterday. Currently, shares of Plus500 (PLUS.L) are at 215p, up 17% on the day, exceeding the previous all-time high of 203p. At current prices, Plus500 is trading at a market cap of $400 million. Based on first half results, Plus500 profit for FY 2013 is expected to be around $27 to $35 million.