London based investment manager Odey Asset Management has made filings indicating that it has acquired a 5.02% stake in online gaming and financial trading company Playtech PLC (LON:PTEC). The interest of about 15.9 million Playtech shares (consisting of 6.7 million Playtech ordinary shares and 9.2 million CFDs on Playtech shares) is worth approximately £78.8 million (USD…
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LeapRate Exclusive... It looks like a number of heavy hitters are betting on a comeback in the share price of CFD broker Plus500 Ltd (LON:PLUS). Plus500 shares, and those of other leading UK online brokers including IG Group Holdings plc (LON:IGG) and CMC Markets Plc (LON:CMCX), were hit hard last month following new proposed rules unveiled…
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Investment management firm Odey Asset Management, which oversees nearly $8 billion in assets and is the largest shareholder in CFD broker Plus500 Ltd (LON:PLUS), apparently had a disastrous 2016. Bloomberg is reporting that Odey disclosed in an investor letter that its main hedge fund lost 49.5% of its value in 2016, thanks to incorrect bearish…
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UK investment manager Odey Asset Management LLP has continued to buy shares of FCA regulated CFD broker Plus500 Ltd (LON:PLUS), building its stake as Plus500's largest shareholder to a more than 23% interest in the company. Odey began buying Plus500 shares early last week in the wake of Plus500's 28% share price drop, following revelations that…
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Taking advantage of the recent steep price drop in Plus500 Ltd (LON:PLUS) shares, UK investment manager Odey Asset Management LLP has continued to build its stake in the CFD broker. LeapRate has learned via regulatory filings that Odey acquired another 1.29 million Plus500 shares on Wednesday, spending about £4.8 million (USD $6.1 million) and accounting for…
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It looks like Odey Asset Management isn't afraid of the new FCA rules governing CFD trading. LeapRate has learned via regulatory filings that UK investment manager Odey Asset Management LLP was busy buying Plus500 Ltd (LON:PLUS) yesterday, as Plus500 shares were plummeting. Odey built its overall stake in Plus500 up to 21.28%, from just under…
Read moreIt will be a long time before we better understand the implications of the #VoteLeave victory in last week's UK Brexit referendum. Indeed it will be a while - perhaps even months or years - before we really find out what the new relationship will be between the UK and the rest of Europe. And what…
Read moreThe largest individual shareholder in Plus500 says Playtech's bid of 400p per share is opportunistic and is exploiting current regulatory issues and risks.
Read moreThe wealth manager now has control over 25.49% of the voting rights in the broker, following a CFD purchase that took place on June 1, 2015.
Read moreThe wealth manager increased its stake in Plus500 on May 29, 2015, that is, before the news of the acquisition of the broker by Playtech.
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