Hints and tips:
...Apple’s prospects in cars and in courtAhead of the iPhone 13’s unveiling tomorrow, read our analysis of its chances of launching an Apple car anytime soon....
...The stock is this year’s biggest FTSE 100’s faller, plunging 57 per cent....
...Mr Sagi, who swooped in with a 400p per share takeover bid earlier this month after Plus500’s shares plunged in value, has increased his stake in the business to almost 10 per cent via Playtech, his gambling...
...The company is also likely to be acquired by Playtech, the Isle of Man registered but London-listed gaming group controlled by Israeli billionaire Teddy Sagi, assuming no material adverse change in the underlying...
...London-listed but Israel based contract for difference broker, this week voted to approve its sale to PlayTech, the Isle of Man registered but London-listed gaming group controlled by Israeli billionaire Teddy Sagi...
...Given the lower revenue totals, it prompted questions about the source of Plus500′s revenues....
...Plus500’s senior management would be retained for at least a year....
...However, judging by the negative reaction visible in Playtech ‘s shares you would have thought the company had gone all in and lost....
...Plus500’s stock slumped to 248p a fortnight ago when the group said tougher anti-money laundering checks would delay account openings and cash withdrawals....
...Tuesday’s release, however, highlights again the ability of a company to choose what numbers it discloses, and failings here are the fault of Plus500′s shareholders....
...But the £700m valuation was a sign of why proprietary software such as 888’s is so highly valued....
...Frustrating for Odey is that Plus500’s management has since recommended a 400p a share bid for the company from Israeli billionaire Teddy Sagi’s Playtech, a price far below what Odey believes it is worth...
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