Crest Nicholson
Is this an opportunity to take a position ahead of the results?
Crest Nicholson publishes FY Results on Tue, 29 Jan.
- Last time Crest Nicholson reported: Trading Update, 17 Oct.
- The shares closed -8.2% for a daily range of 38.6p or 12%.
- Shares -4.4% from 2019 highs; +7.9% from 2019 lows; +7% year-to-date.
- Currently 351p (at time of writing).
- Will we see another big share price move on Tuesday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Crest Nicholson – An Example
Let’s say you think that Crest Nicholson results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Crest Nicholson using CFDs, at the current price of 351p. To do this, you need £2,000.
For the purpose of this example, let’s assume Crest Nicholson 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. Crest Nicholson 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.