Bovis Homes reports results on Thurs, 15 November

• The chart shows the price movement last time Bovis Homes reported: Q3 Trading, 15 Nov.
• Shares opened -1p (-0.1%; high of the day), but dropped as low as -104.1p (-10%).
• The shares closed -74.5p (-7.2%) for a daily range of 103.1p or 9.9%.
• Bovis Homes publishes a Q4 Trading Update on Weds, 16 Jan.
• Shares -29.0% from 2018 highs; +13.7% from 2018 lows; -7.4% year-to-date.
• Currently 926p (at time of writing). Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Bovis Homes – An Example

Let’s say you think that Bovis Homes results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Bovis Homes using CFDs, at the current price of 926p. To do this, you need £2,000.

For the purpose of this example, let’s assume Bovis Homes reports strong results and the shares rise 10%. Your profit would be £1,000, 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. Bovis Homes 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.