Friday, February 06, 2015

Abracadabra

“So, one final point to ponder. Plus500 has a market capitalisation of £700m ($1bn). It is on course to report more than $200m of revenues for 2014. Yet this technology upstart reported capital expenditure in 2013 of just $92,000. In the first half of 2014 it invested $83,000. Generating so much money with so little investment, now that is magic.”


The trading magicians of Plus500


One to watch, but I doubt they had a lot of customers with CHF positions before the move.


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