Man Group
Is this an opportunity to take a position ahead of the results?
Man Group reports Q1 Trading on Thurs, 11 April
- Last time Man Group reported: FY Results, 6 Feb.
- The shares fell as much as 1% with a daily range of 2.3p or 1.5%
- Shares -7.5% from 2019 highs; +8.1% from 2019 lows; +4.3% year-to-date.
- Currently 139p (at time of writing).
- Could we see another big share price move on Thursday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Man Group – An Example
Let’s say you think that Man Group results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Man Group using CFDs, at the current price of 139p. To do this, you need £2,000.
For the purpose of this example, let’s assume Man Group 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. Man Group 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.