BT
Is this an opportunity to take a position ahead of the results?
BT publishes FY Results on Thurs, 9 May
- Last time BT reported: Q3 Results, 31 Jan.
- The shares fell as much as 5.6% on the day for a daily range of 17p or 7.3%.
- Shares -6.7% from 2019 highs; +6.3% from 2019 lows; -5% year-to-date.
- Currently 226p (at time of writing).
- Will we see another big share price move on Thursday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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Trading BT – An Example
Let’s say you think that BT results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of BT using CFDs, at the current price of 226p. To do this, you need £2,000.
For the purpose of this example, let’s assume BT 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. BT 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.