Devro Spread Betting
Where Can I Spread Bet on Devro? |
At the moment, you can speculate on Devro, and an array of related financial markets, through providers like:
Advert:
Devro Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Devro with
Financial Spreads.
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| Broker Ratings - Sponsored by IG |
The following table takes the last 4 broker ratings/recommendations and gives a quick overview of the average target share price and creates an average broker rating for Devro:
| 24-Apr-13 |  | Buy | Based on last 4 Ratings | 322.1 | 378 | 17.43% |
A look at the latest Devro broker ratings:
| 24-Apr-13 | | Add | Numis Securities | 322.1 | 354 | 9.90% | | 19-Apr-13 | | Buy | Societe Generale | 323.5 | 385 | 19.00% | | 18-Apr-13 | | Buy | Investec | 330 | 387 | 17.30% | | 04-Mar-13 | | Buy | Investec | 353.6 | 387 | 9.40% |
For the latest UK broker ratings see Daily Trading Tips.
The above list of Trading Tips / Broker Ratings is not an exhaustive list of broker recommendations. The above content does not constitute investment advice. All reasonable efforts have been made to present accurate information. Neither CleanFinancial.com nor any contributing company or individual accepts any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
For the sake of clarity, where a broker reiterates a rating with an identical target price within two weeks of the preceding rating, the older identical rating will normally be removed.
Advert:
Devro Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Devro with
Financial Spreads.
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Where Can I Spread Bet on Devro for Free? |
By its very nature, speculating involves a degree of risk. However, if you would like to open a (free) Practice Account, that lets you trial financial spread betting, then please see below for further details.
In addition, remember that spread betting in the UK is currently tax free*, i.e. it is exempt from income tax, capital gains tax and stamp duty.
If you're trying to find a low cost trading platform then keep in mind that you are able to financial spread bet on Devro with no brokers' fees through providers such as:
If you'd like to open a (free) virtual money Demo Account / Practice Account which lets users get a better feel for online spread betting, and markets like Devro, then take a look at:
Each of the spread trading companies listed above currently provide a Practice Account that allows investors to test new strategies, apply a host of orders and study professional level charts, such as bar and candlestick charts.
How to Spread Bet on Devro? |
If you are going to speculate on companies such as Devro then one solution could be to spread bet on the Devro share price.
Looking at a site like FinancialSpreads.com, you can see that they are pricing the Devro Rolling Daily market at 327.5p - 329.3p. Therefore, an investor can spread bet on the Devro share price:
 Rising above 329.3p, or
 Falling below 327.5p
Whilst spread trading on UK shares you trade in £x per penny. So, if you risked £3 per penny and the Devro shares move 39p then that would change your profit/loss by £117. £3 per penny x 39p = £117.
Rolling Daily Shares Markets
One thing to note is that this is a Rolling Daily Market which means that there is no closing date for this market. If your trade is still open at the end of the trading day, it will stay open and roll over into the next day.
If a trade is rolled over and you are speculating on the market to:
Rise - then you'll usually be charged a small overnight financing fee, or
Fall - then you'll usually receive a small credit to your account
For a more detailed example see Rolling Daily Spread Betting.
Devro Rolling Daily - Equities Spread Betting Example |
Now, if we take the spread of 327.5p - 329.3p and assume that:
- You have analysed the stock markets, and
- Your analysis leads you to feel that the Devro shares look like they will push above 329.3p
Then you may decide that you want to buy at 329.3p and invest, for the sake of argument, £15 per penny.
So, you win £15 for every penny that the Devro shares increase and move higher than 329.3p. Having said that, it also means that you will lose £15 for every penny that the Devro market decreases below 329.3p.
Thinking of this in a slightly different way, should you buy a spread bet then your P&L is calculated by taking the difference between the settlement price of the market and the price you bought the market at. You then multiply that difference in price by your stake.
As a result, if after a few days the share price started to increase then you might want to close your spread bet and therefore guarantee your profits.
As an example, if the market increased then the spread, set by the spread betting company, could change to 335.9p - 337.7p. You would close your spread bet by selling at 335.9p. As a result, with the same £15 stake your profit would be:
Profit / loss = (Closing Value - Opening Value) x stake
Profit / loss = (335.9p - 329.3p) x £15 per penny stake
Profit / loss = 6.6p x £15 per penny stake
Profit / loss = £99.00 profit
Speculating on equities, whether by spread trading or otherwise, is not simple. With this example, you had bet that the share price would increase. However, it could fall.
If the Devro shares decreased, contrary to your expectations, then you might choose to close your spread bet to stop any further losses.
Should the market fall back to 321.6p - 323.4p then this means you would settle your trade by selling at 321.6p. Accordingly, your loss would be:
Profit / loss = (Closing Value - Opening Value) x stake
Profit / loss = (321.6p - 329.3p) x £15 per penny stake
Profit / loss = -7.7p x £15 per penny stake
Profit / loss = -£115.50 loss
Note - Devro Rolling Daily spread betting price taken as of 31-Oct-12.
Where Can I Find Live Spread Betting Prices and Charts for Devro? |
To review real time trading prices/charts for Devro, one option is to use a spread betting account. Readers should note that opening an account is subject to credit, suitability and status checks.
Should your account application be approved then, when you log in, you will be able to see the real-time prices and charts. These are usually free. What's the catch? You're likely to receive an occasional call or letter from your chosen spread betting company.
Of course, if you want to trade then, before you start, you should be aware that financial spread trading involves a high level of risk to your funds and can result in losses that are greater than your initial investment.
Despite the fact that the charts tend to vary from provider to provider, in order to assist you with your technical analysis, the majority of charts usually have useful tools and features that include:
- An array of time intervals, for example, 5 minutes, 1 hour, 2 hours etc.
- A variety of display options, for example, OHLC and candlestick charts
- Drawing options, for example, Fibonacci Retracements and Trendlines
Charts from FinancialSpreads.com also include other benefits such as:
- BackTesting and Custom Indicators
- Helpful chart overlays, for example, Bollinger Bands, Moving Averages, Wilder's Smoothing etc.
- A choice of indicator charts, for example, Chaikin's Money Flow, RSI, Swing Index etc.
- Custom alerts for when a market reaches a pre-set price
Sample equity trading chart
The following brokers give their account holders access to real-time trading charts and prices:
Advert:
Devro Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Devro with
Financial Spreads.
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Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Devro Spread Betting' by DB, updated 01-May-13
For related pages also see:
Spread Betting on FTSE 250 Companies, updated 26-Apr-13
Spread Betting on FTSE 250 shares: Individual guides to FTSE 250 companies with broker ratings. Plus where to get live charts and prices for FTSE 250 companies, worked spread betting examples and...read article: Spread Betting on FTSE 250 Companies.
Kazakhmys Spread Betting, updated 25-Apr-13
Kazakhmys spread betting guide with live Kazakhmys share prices and charts. Plus, broker recommendations on Kazakhmys, where to spread bet on Kazakhmys shares tax-free* and commission-free, how to spread bet on the Kazakhmys share price and...read article: Kazakhmys Spread Betting.
Pennon Group Spread Betting, updated 21-May-13
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Debenhams Spread Betting, updated 22-Apr-13
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Halfords Spread Betting, updated 08-May-13
Halfords spread betting guide: live Halfords charts and prices. Plus, broker ratings on Halfords shares, where to spread bet on Halfords shares commission-free and tax-free*, how to spread bet on Halfords and...read article: Halfords Spread Betting.
ICAP Spread Betting, updated 14-May-13
ICAP spread betting guide: live ICAP charts and prices. Plus, broker ratings on ICAP shares, where to spread bet on ICAP shares commission-free and tax-free*, how to spread bet on ICAP and...read article: ICAP Spread Betting.
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