Tag: Odey Asset Management

playtech offices
September 05, 2018 BY LeapRate Staff

Plus500 investor Odey picks up 5% stake in Playtech

London based investment manager Odey Asset Management has made filings indicating that it has acquired a 5.02% stake in online gaming and financial trading company Playtech PLC (LON:PTEC). The interest of about 15.9 million Playtech shares (consisting of 6.7 million Playtech ordinary shares and 9.2 million CFDs on Playtech shares) is worth approximately £78.8 million (USD…

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January 16, 2017 BY LeapRate Staff

Morgan Stanley ups position in CFD broker Plus500 to 6.3%

LeapRate Exclusive... It looks like a number of heavy hitters are betting on a comeback in the share price of CFD broker Plus500 Ltd (LON:PLUS). Plus500 shares, and those of other leading UK online brokers including IG Group Holdings plc (LON:IGG) and CMC Markets Plc (LON:CMCX), were hit hard last month following new proposed rules unveiled…

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January 06, 2017 BY LeapRate Staff

Odey Asset Management hedge fund loses 50% in 2016

Investment management firm Odey Asset Management, which oversees nearly $8 billion in assets and is the largest shareholder in CFD broker Plus500 Ltd (LON:PLUS), apparently had a disastrous 2016. Bloomberg is reporting that Odey disclosed in an investor letter that its main hedge fund lost 49.5% of its value in 2016, thanks to incorrect bearish…

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December 13, 2016 BY LeapRate Staff

Odey continues to believe in Plus500, stake now above 23%

UK investment manager Odey Asset Management LLP has continued to buy shares of FCA regulated CFD broker Plus500 Ltd (LON:PLUS), building its stake as Plus500's largest shareholder to a more than 23% interest in the company. Odey began buying Plus500 shares early last week in the wake of Plus500's 28% share price drop, following revelations that…

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December 09, 2016 BY LeapRate Staff

Odey continues to buy Plus500 shares, up to 22.4% holding

Taking advantage of the recent steep price drop in Plus500 Ltd (LON:PLUS) shares, UK investment manager Odey Asset Management LLP has continued to build its stake in the CFD broker. LeapRate has learned via regulatory filings that Odey acquired another 1.29 million Plus500 shares on Wednesday, spending about £4.8 million (USD $6.1 million) and accounting for…

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