KAZ Minerals
Is this an opportunity to take a position ahead of the results?
KAZ Minerals publishes its Q4 Production Report on Thurs, 24 Jan.
- Last time KAZ Minerals reported: Q3 Production, 25 Oct.
- The shares closed +8.3% for a daily range of 67.6p or 15.1%.
- Shares -51.5% from 2018 highs; +26.8% from 2018 lows; -1.1% year-to-date.
- Currently 526p (at time of writing).
- Will we see another big share price move on Thursday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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 526p. 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 £1000, 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.