Will Kier continue falling, or will it rise again back to 412p recent highs?

• Kier share price as low as -11% today, close to -19% from yesterday’s highs.
• Now trading at 341.2p (at the time of writing).
• Shares falling after the construction company said it only received 37.66% acceptance for its £250m rights issue, indicating low demand.
• Shares are down over -70.2% from 2018 highs, +1.2% from 2018 lows, -68% year-to-date.
• Can the shares regain recent highs?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Kier – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 412p. You decide to buy exposure to £10,000 worth of Kier using a CFD, at the current price of 341.2p. To do this, you need £2,000.

Let’s assume Kier recovers back to recent highs of 412p (+20.75%). Your profit would be £2075, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. Kier falls 8% and hits your stop-loss. Your loss would be £800.

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