Go-Ahead
Is this an opportunity to take a position ahead of the results?
Go-Ahead issues a Trading Update on Thurs, 6 Jun.
- Last time Go-Ahead reported: Half-year Results, 21 Feb.
- The shares rose as much as 9.7% for a daily range of 176p or 9.2% on the day.
- Currently 1846p (at time of writing).
- Will we see another big share price move on Thursday?
- Shares -12.6% from 2019 highs; +24% from 2019 lows; +20.8% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Go-Ahead – An Example
Let’s say you think that Go-Ahead results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Go-Ahead using CFDs, at the current price of 1846p. To do this, you need £2,000.
For the purpose of this example, let’s assume Go-Ahead 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 5% below the current price. Go-Ahead 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.