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

KAZ Minerals reports results on Thursday (25 Oct)

• The chart shows the price movement last time KAZ Minerals reported: H1 Results, 16 Aug.
• Shares opened 27.6p higher (+5%), rising as high as +52.8p (+9.6%, high of the day), then fell back to +5.6p (+1%, low of the day).
• The shares closed +12.8p (+2.3%) for a daily range of 47.2p or 8.6%.
• Results beat market expectations and analysts at Citibank (16 Aug) believe KAZ Minerals will likely meet the higher end of its full-year guidance range.
• Shares -57.23% from 2018 highs; +11.86% from 2018 lows; -50% year-to-date.
• Recent share price range: Sept lows 422p; Sept highs 599p. Currently 447p (at time of writing).
• KAZ Minerals publishes a Q3 Results on Thursday (25 Oct).
• Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading KAZ Minerals – An Example

Let’s say you think that KAZ Minerals results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of KAZ Minerals using CFDs, at the current price of 447p. To do this, you need £2,000.

For the purpose of this example, let’s assume KAZ Minerals reports strong results and the shares rise 10%. Your profit would be £1,000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 5% below the current price. KAZ Minerals 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.