Greene King
Is this an opportunity to take a position ahead of the results?
Greene King publishes FY Results on Thurs, 27 Jun.
- Last time Green King reported: FY Trading Statement, 300 Apr.
- The shares traded a range of 56p or 8.1% on the day
- Shares -17.5% from 2019 highs; +13.3% from 2019 lows; +10.2% year-to-date.
- Currently 582p (at time of writing).
- Will we see another big share price move on Thursday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Green King – An Example
Let’s say you think that Green King results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Green King using CFDs, at the current price of 582p. To do this, you need £2,000.
For the purpose of this example, let’s assume Green King 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. Green King 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.