Mill Cop Hotels reports results on Friday, 2 November

• The chart shows the price movement last time Mill Cop Hotels reported: H1 Results, 3 August.
• Shares opened -10p (-1.9%) and went as low as -17p (-3.2%, low of the day).
• The shares closed -9p (-1.7%) for a daily range of 16p or 3.1%.
• The hotel group reported falling profits and a cautious outlook due to volatile political and economic conditions on the back of Brexit.
• Shares -20.8% from 2018 highs; +2% from 2018 lows; -18.8% year-to-date.
• Recent share price range: Oct lows 453p; Oct highs 527p. Currently 475p (at time of writing).
• Mill Cop Hotels publishes Q3 Results on Friday, 2 Nov.
• Will we see another big move?
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Mill Cop Hotels – An Example

Let’s say you think that Mill Cop Hotels results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Mill Cop Hotels using CFDs, at the current price of 475p. To do this, you need £2,000.

For the purpose of this example, let’s assume Mill Cop Hotels 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. Mill Cop Hotels 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.