For major shareholders at end of May see - hTtps://www.plus500.co.uk/Investors/IssuedShareCapital.aspx ING Groep N.V. were not on the major shareholders list at the end of May but reported 5.08% on 5th July JP Morgan Asset Management were at 3.85% at the end of May and reported 8.97% on 26th July Investec Asset Management were at 4.38% at the end of May and reported 5.00% yesterday. Odey Asset Management were at 8.45% at the end of May and 9.19% on 6th July – but also see hTtps://www.investegate.co
Results are out 7th August a special and interim dividend is likely to be announced and yes when Plus500 went ex dividend the share price recovered very quickly,it's a company worth holding onto bearing in mind it will do well when volatility returns
Our top contributor was Plus500 (+2.70%) which had a very posi- tive Q1 trading update ahead of market expectations. Since the end of the second quarter it released another announcement saying it expects revenues and profits to be ‘materially ahead of market ex- pectations’. Although the shares have performed well so far this year, we believe the rating of 4x EBIT 2017 shows the market does not understand the strengths of the business or its regulatory posi- tion. We believe the company will continue to generate cash ahead of market expectations and are pleased to see it has now started buy- ing back shares as well as paying dividends.
Fixed costs only 14% of its revenue,doesnt offer binary options,clients cant lose more than their investments,low fixed costs,cash generative,only 20% of business done in the UK.Will do well when market volatility returns
See link below and ive checked this with my broker you can reclaim 10% of the 25% withholding tax by getting a tax voucher when they go ex dividend and applying to the Israeli tax authorities before they pay the dividend.Article below confirms
http://www.leaprate.com/news/plus500-dividend-payment-15-tax-to-be-withheld-2/