Hammerson
A trading opportunity for you?
Will Hammerson break support, or will it rise again back to 561p May highs?
- Hammerson has bounced off March support level around 430p
- Bounced 4 times, most recently this Monday.
- Now trading 444p (at time of writing)
- In early October, the property company sold a 50% stake in a shopping centre in Leicester for £236m.
- Recent £300m buyback programme has been positive for the shares, with potential for more returns to shareholders in the future.
- Shares -23.6% from 2018 highs; +3% from 2018 lows; -18.7% year-to-date
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading Hammerson – An Example
Let’s say you like the Hammerson range, you think it’s heading back towards 561p again. You decide to buy exposure to £10,000 worth of Hammerson using a CFD, at the current price of 444p. To do this, you need £2,000.
Let’s assume Hammerson rises back to 561p (+26.3%). Your profit would be £2,630, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 10% from the current price. Hammerson falls 10% and hits your stop-loss. Your loss would be £1,000.
This is provided for information purposes only. It should not be taken as a recommendation.