Centrica reports results on Thurs, 22 November

• The chart shows the price movement last time Centrica reported: H1 Results, 31 July.
• Shares opened -3.8p (-2.5%) went as low as -9p (-5.9%) and moved as high as -1.7p (-1.1%)
• The shares closed -3.9p (-2.6%) for a daily range of 7.3p or 4.8%.
• Shares -13.6% from 2018 highs; +15.5% from 2018 lows; +5.5% year-to-date.
• Currently 144.8p (at time of writing).
• Centrica issues a Q3 Trading Statement on Thurs, 22 Nov.
• Will we see another big move?
• Centrica is a diversified Utility with operations producing oil and gas and supply natural gas and electricity
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Centrica – An Example

Let’s say you think that Centrica results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Centrica using CFDs, at the current price of 144.8p. To do this, you need £2,000.

For the purpose of this example, let’s assume Centrica 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. Centrica 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.