Pennon reports a Q3 Trading Update on Mon, 25 Mar

• Last time Pennon reported: H1 Results, 27 Nov.
• The shares closed +1% for a daily range of 25.4p or 3.4%.
• Shares -1.3% from 2019 highs; +15.7% from 2019 lows; +13.9% year-to-date.
• Currently 789p (at time of writing).
• Could we see another big share price move on Monday?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Pennon – An Example

Let’s say you think that Pennon results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Pennon using CFDs, at the current price of 789p. To do this, you need £2,000.

For the purpose of this example, let’s assume Pennon 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. Pennon 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.