Polymetal
Is this an opportunity to take a position ahead of the results?
Polymetal reports FY Results on Monday, 11 Mar
- Last time Polymetal reported: H1 Results, 21 Aug.
- The shares closed +2.0% for a daily range of 29.4p or 4.5%.
- Shares -4.9% from 2019 highs; +5.8% from 2019 lows; +4.2% year-to-date.
- Currently 856p (at time of writing).
- Could we see another big share price move on Monday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Polymetal – An Example
Let’s say you think that Polymetal results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Polymetal using CFDs, at the current price of 856p. To do this, you need £2,000.
For the purpose of this example, let’s assume Polymetal 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. Polymetal 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.