Centrica (owner of British Gas) - Accendo Markets

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This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Centrica (owner of British Gas)

A trading opportunity for you?

Will Centrica break support, or will it rise again to 140p?

Just above 2003 lows of 116p;
Bounced off 117.3p today to trade 119.5p (at time of writing).
Will the pattern repeat, the shares climbing back towards 140p?
Shares -15.0% from 2019 highs; +1.8% from 2019 lows; -11.4% year-to-date.
22 Feb: Renews £2.4bn revolving credit facility through 2024
Shares dropped yesterday after full year 2018 results
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Centrica – An Example

Let’s say you like the Centrica chart and you think the price is heading back towards 140p again. You decide to buy exposure to £10,000 worth of Centrica using a CFD, at the current price of 119.5p. To do this, you need £2,000.

Let’s assume Centrica rises back to 140p (+17.1%). Your profit would be £1710, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Centrica 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.

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

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Prepared by Michael van Dulken, Head of Research

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