15th Jul 2014 10:32
LONDON (Alliance News) - Plus500 Ltd said Tuesday that it is unaware of any operational or financial reasons for its recent weakness in its share price.
While Plus500 shares were trading 0.5% lower at 364.25 pence Tuesday morning, shares in the company have fallen for every one of the last five trading sessions, dropping more than 25% from a high of 494.965 pence on July 7 to Monday's close of 366 pence.
In a statement Plus500 reconfirmed that revenues and profit in its second quarter are ahead of market expectations and that the board looks ahead with confidence for its full-year results.
The company also reiterated its commitment to a minimum 50% dividend payout policy and said that it will release its half year auditor reviewed results on August 13.
By Alice Attwood; [email protected]; @AliceAtAlliance
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