Superdry
Is this an opportunity to take a position ahead of the results?
Superdry publishes Full Year results on Wednesday, 10 July
- Last time Superdry reported: FY Pre-close statement, 9 May
- The shares rose as much as 4.9% on the day for a daily range of 63.5p or 13.2%.
- Shares -21.7% from 2019 highs; +4.7% from 2019 lows; -3.7% year-to-date.
- Currently 450p (at time of writing).
- Will we see another big share price move on Wednesday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Superdry – An Example
Let’s say you think that Superdry results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Superdry using CFDs, at the current price of 450p. To do this, you need £2,000.
For the purpose of this example, let’s assume Superdry 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. Superdry 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.