Travis Perkins
Is this an opportunity to take a position ahead of the results?
Travis Perkins issues a Q1 Trading Update on Wednesday, 8 May.
- Last time Travis Perkins reported: FY Results, 26 February.
- The shares rose as much as 14.5% on the day for a daily range of 144.5p or 11.4%.
- Shares -5.7% from 2019 highs; +34.5% from 2019 lows; +31% year-to-date.
- Currently 1404p (at time of writing).
- Will we see another big share price move on Wednesday?
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Travis Perkins – An Example
Let’s say you think that Travis Perkins results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Travis Perkins using CFDs, at the current price of 1404p. To do this, you need £2,000.
For the purpose of this example, let’s assume Travis Perkins 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 3% below the current price. Travis Perkins 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.