Will Inmarsat turn, or will it continue rising to 483p late Oct highs?

• Shares +23.7% since mid-February
• Shares broken out of a 3-month falling range.
• Now trading 451p (at the time of writing).
• Will the positive momentum continue towards 483p late Oct highs?
• Shares -1.8% from 2019 highs; +27.1% from 2019 lows; +19% year-to-date.
• 7 Mar: Credit Suisse says Inmarsat’s maritime division stabilization is a relief
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Inmarsat – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Inmarsat using a CFD, at the current price of 451p. To do this, you need £2,000.

Let’s assume the Inmarsat trend continues to 483p late Oct highs (+7%). Your profit would be £700, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Inmarsat 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.