Bovis Homes reports results on Thurs, 15 November

• The chart shows the price movement last time Bovis Homes reported: H1 Results, 6 Sept.
• Shares opened +16.5p (+1.5%), traded as highs as +58.5p (+5.2%) early on, but dropped as lows as +10.5p (+0.9%).
• The shares closed +14.5p (+1.3%) for a daily range of 48p or 4.2%.
• The housebuilder said its FY profit is set to be at the top end of its expectations following volume and margin improvements in the first half.
• Shares -23.4% from 2018 highs; +9.6% from 2018 lows; -13.6% year-to-date.
• Recent share price range: Nov highs 1060p; Nov low 1000p. Currently 1013p (at time of writing).
• Bovis Homes publishes a Q3 Trading Update on Thurs, 15 Nov.
• Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading Bovis Homes – An Example

Let’s say you think that Bovis Homes results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Bovis Homes using CFDs, at the current price of 1013p. To do this, you need £2,000.

For the purpose of this example, let’s assume Bovis Homes 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 3% below the current price. Bovis Homes results miss, it falls 3% and hits your stop-loss. Your loss would be £300.

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