Odey Asset Management, the most active Plus500 investor recently, was said to be buying shares again and lifting its stake in the brokerage house further, according to regulatory filling.
Plus500 sufferred from massive selloff during last week as technical issues (as overload) have been reported and traders started to be scared for their deposits.
Odey Asset Management raised its stake in Plus500 by 2,460,962 shares to total amount of 21,206,597, what makes him an 18.46% investor.
We have already informed about Odey lifting its stake to over 14% one week ago. We can see the proper timing as Plus500 sufferred a massive drop from previous stock price over £7.5 to even below £2, now oscillating around 280p.
Nevertheless, Odey seems to be taking ground in successful company, as Plus500 besides last two weeks’ problems saw a stellar start of this year and seems to be now a candidate for a fresh new Israeli license, making him one of the competitors on much tougher market.
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