“Now it is not Zlaty that does not work for money, but the money is working for Zlatan” – this sentence probably remembered most TV viewers and Internet users. Used in XTB advertising, the former professional footballer Zlatan Ibrahimović played a good role because he attracts hundreds of thousands of customers. Everyone would want money to work for him.
Unfortunately, despite recently dynamic growth, the money stopped working for XTB shareholders. The declines were in June (-1.5 percent), stronger in July (-7.9 percent), then there was one month of growth in August (+2.6 percent), so that from September the declines would return again (-6.8 percent) and are continued in October (-3.8 percent), including on Monday Shares lose 2.3 percent For a course below PLN 69.
Technical analysis indicators have immediately caught red and “Strong Sell” signals appeared on many stock market services. At the same time, the RSI relative force indicator went below 30 points up to 26.3 points on Monday, which indicates that the market is already properly sold out. Does this mean that you have to buy and end the correction, which comes, for example, from the implementation of previous profits? There is no certainty.
The largest shareholder, i.e. belonging to the founder of XTB Jakub Zabłocki, the Luxembourg investment vehicle XXZW Investment Group SA in May sold a package of almost 8 percent. actions PLN 78 as part of the accelerated book of demand (ABB), and in September 2024 over 7.1 percent PLN 62.50.
This shareholder still has 35.8 percent. action. Any stronger decrease and increase in turnover may suggest that he started getting rid of them on the market.
What is happening in XTB?
There is actually nothing disturbing from the company, and it can actually only be that its main shareholder, although he declares will remain a significant shareholder, but prefers liquid means instead of XTB shares. Hence, the owners of the shares cannot be sure whether the analysis of the company's foundations themselves is enough to increase the course. And what are these foundations?
The company's main product is the XTB XStation application, which allows you to invest in various securities around the world: from action through ETFs, CFD contracts, investment plans, retirement saving, there is also a multi -currency card. Unlike traditional brokerage offices, this allows you to buy fractional actions, which means that part of the turnover must take place between customers, and not “passed” through the market. The whole commission then goes to XTB and you do not have to share it with the stock exchange.
The more customers, the greater this option gives XTB. And more customers are provided, among others, by Ads with the popular “Ibra”.
XTB has clients not only in Poland, Europe, but also in Chile, Indonesia, the United Arab Emirates, with plans to expand operations on, among others Seychelles, Belize and South Africa. At the end of June, the company had 1.7 million customers, including 854 thousand. referred to as “active” (a year earlier 503 thousand).
At the beginning of September, XTB reported that during the year it attracted 335 thousand. new customers. In July and August, their number increased after about 35 thousand. monthly. After two weaker quarters: 4 kw. 24 and 1 kw 25, when net profits dropped by 24 percent, respectively. RDR and 36 percent yard The second quarter was already optimistic, because the profit increased by 35 percent. year on year.
Instruments most often rotated by XTB customers in the first half of this year. There were CFD contracts for stock indexes. However, the first place among CFD was taken by gold, the second was an instrument reflecting the changes in the Nasdaq100 index, then the currency pair of eurodolar, the German DAX index and the American S&P.
In terms of trade volume, actions dominated, and among the first 20 actions there were, among others XTB itself. ETF was most often chosen from the funds for long -term tax bonds and funds based on S&PC, but in the top ten also there was a WIG20LEV fund, which changes twice as much as WIG20 itself.
