Just Eat
Is this an opportunity to take a position ahead of the results?
Just Eat reports FY Results on Wednesday, 6 Mar
- Last time Just Eat reported: Trading Update, 21 Feb.
- The shares closed -4.8% for a daily range of 41p or 5.6%.
- Shares -1% from 2019 highs; +35.5% from 2019 lows; +31.5% year-to-date.
- Currently 771.9p (at time of writing).
- Could we see another big share price move on Wednesday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Just Eat – An Example
Let’s say you think that Just Eat results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Just Eat using CFDs, at the current price of 771.9p. To do this, you need £2,000.
For the purpose of this example, let’s assume Just Eat 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 3% below the current price. Just Eat 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.