National Grid reports results on Thursday, 8 November

• The chart shows the price movement last time National Grid reported: FY Results, 17 May.
• Shares opened +6.5p (+0.8%), pulled back slightly to +4.5p (+0.5%, low of the day), then rose as high as +33.1p (+4%).
• The shares closed +31.6p (+3.8%) for a daily range of 28.6p or 3.4%.
• Pre-tax profit rose 24% and UK business remained on track to outperform expectations.
• The utility company also increased its FY dividend to 45.93p/share (from 44.27p previously).
• Shares -6.6% from 2018 highs; +14.0% from 2018 lows; -5.4% year-to-date.
• Recent share price range: Oct lows 773p; Oct highs 858p. Currently 828p (at time of writing).
• National Grid publishes H1 Results on Thursday, 8 Nov.
• Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading National Grid – An Example

Let’s say you think that National Grid results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of National Grid using CFDs, at the current price of 828p. To do this, you need £2,000.

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