CCMMF - The Rumors Of Plus500's Death Are Greatly Exaggerated
Headquartered in Haifa, Israel, and listed on the London Stock Exchange, Plus500 Ltd. (PLSQF) is one of the largest contract-for-difference providers in the world. Its main market is the EEA, but the company has been successfully diversifying outside of Europe, as well, in recent years.
A short history of profit warnings
Despite a record-breaking 2018 in terms of sales and earnings, the company lost nearly 60% of its market cap in just two weeks this month. The main reason for the crash was the following statement:
Given the encouraging operational start to the