Barratt Developments
Is this an opportunity to take a position ahead of the results?
Barratt Developments publishes Half-year Results on Weds, 6 Feb.
- Last time Barratt Developments reported: AGM Trading Statement, 17 Oct.
- The shares closed -0.8% for a daily range of 14p or 2.7%.
- Shares -17.2% from 2018 highs; +27.4% from 2018 lows; +18.0% year-to-date.
- Currently 546p (at time of writing).
- Will we see another big share price move on Wednesday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Barratt Developments – An Example
Let’s say you think that Barratt Developments results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Barratt Developments using CFDs, at the current price of 546p. To do this, you need £2,000.
For the purpose of this example, let’s assume Barratt Developments 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 5% below the current price. Barratt Developments results miss, it falls 5% and hits your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.