Crest Nicholson
Is this an opportunity to take a position ahead of the results?
Crest Nicholson reports Half-Year Results on Tues, 11 Jun
- Last time Crest Nicholson reported: Trading Update, 15 May.
- The shares rose as much as 3.0% for a range of 14.6p or 4.0% on the day
- Shares -12.4% from 2019 highs; +11.6% from 2019 lows; +9.7% year-to-date.
- Currently 360p (at time of writing).
- Could 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 360p. 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 £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. Crest Nicholson 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.