Is this an opportunity to take a position ahead of the release?

Kingfisher is due to report results this Wednesday, 19th September

• The chart shows the price movements last time Kingfisher reported.
• Last time Kingfisher issued results in August, the price increased from 275p to 284.5p.
• Kingfisher will report half-year results on Wednesday, 19th September
• Recent share price: 1 month lows were at 257p. 1 month high at 283p. Currently at 261p (at time of writing).

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Trading Kingfisher – An Example

Let’s say you think that Kingfisher results are likely to be good, and the price is likely to rise. You decide to buy exposure to £10,000 worth of Kingfisher using a CFD, at the current price of 261p. To do this, you need £2,000.

For the purpose of this example, let’s assume Kingfisher reports strong results and the share price rises by 10%. Your profit would be £1,000, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Kingfisher results miss, it falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.