Berkeley Group
Is this an opportunity to take a position ahead of the results?
Berkeley Group reports Q3 Results on Friday, 15 Mar
- Last time Berkeley Group reported: H1 Results, 7 Dec.
- The shares closed +1.1% for a daily range of 120p or 3.6%.
- Shares -31% from 2019 highs; +14.1% from 2019 lows; +11.0% year-to-date.
- Currently 3860p (at time of writing).
- Could we see another big share price move on Friday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Berkeley Group – An Example
Let’s say you think that Berkeley results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Berkeley using CFDs, at the current price of 3860p. To do this, you need £2,000.
For the purpose of this example, let’s assume Berkeley 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. Berkeley 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.