Kenmare Resources Spread Betting
Where Can I Spread Bet on Kenmare Resources? |
Currently, you are able to trade without paying any brokers' fees on Kenmare Resources by trading with a number of spread betting companies:
Advert:
Kenmare Resources Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Kenmare Resources with
Financial Spreads.
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| Broker Ratings - Sponsored by IG |
Kenmare Resources Broker Ratings |
The following table takes the last 2 broker ratings/recommendations and gives a quick overview of the average target share price and creates an average broker rating for Kenmare Resources:
| 12-Mar-13 |  | Buy | Based on last 2 Ratings | 34.4 | 50 | 46.80% |
A look at the latest Kenmare Resources broker ratings:
| 12-Mar-13 | | Buy | Canaccord Genuity | 34.4 | 41 | 19.20% | | 01-Mar-13 | | Outperform | RBC Capital Markets | 34.56 | 60 | 73.60% | | 30-Jan-13 | | Outperform | RBC Capital Markets | 34.37 | 60 | 74.60% |
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:
Kenmare Resources Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Kenmare Resources with
Financial Spreads.
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Where Can I Spread Bet on Kenmare Resources for Free? |
Trading involves a degree of risk, however, if you want to try a free Test Account, where you can try spread betting, then please see below.
When considering which trading option might work for you, don't forget that spread trading in the UK is currently tax free*, i.e. there is no capital gains tax, stamp duty or income tax.
If you're interested in a free spread trading site then note that you are able to financial spread bet on Kenmare Resources with no brokers' fees and no commissions through providers such as:
If you are interested in an entirely free Practice Account which lets you get a better understanding of online spread betting, and markets such as the FTSE 100, crude oil, EUR/USD and Kenmare Resources, then you could always consider:
All of the above firms currently provide a Demo Account that investors can use to apply trading orders, check charts and try out new trading ideas.
How to Spread Bet on Kenmare Resources? |
If an investor is looking to invest in companies like Kenmare Resources then one possibility is to spread trade on the Kenmare Resources share price.
Looking at a website like Capitalspreads, you can see that they are valuing the Kenmare Resources Rolling Daily market at 39.1p - 39.4p. As a result, an investor can spread trade on the Kenmare Resources shares:
 Increasing higher than 39.4p, or
 Decreasing lower than 39.1p
When financial spread trading on FTSE 350 equities you trade in £x per penny. As a result, should you decide to risk £3 per penny and the Kenmare Resources share price changes by 39p then that would change your P&L by £117. £3 per penny x 39p = £117.
Rolling Daily Equities Markets
You should note that this is a 'Rolling Daily Market', therefore there is no preset settlement date for this market. If you leave your position open at the end of the day, it will stay open and roll over into the next day.
If a position is rolled over and you are speculating on the market to:
Rise - then you are usually charged a small overnight financing fee, or
Fall - then you will usually receive a small credit to your account
If you would like a fully worked example then see Rolling Daily Spread Betting.
Kenmare Resources Rolling Daily - Equities Spread Trading Example |
If you think about the spread of 39.1p - 39.4p and assume:
- You have analysed the company, and
- Your analysis leads you to think the Kenmare Resources share price looks like it will move above 39.4p
Then you may decide to buy at 39.4p for a stake of £25 per penny.
So, you gain £25 for every penny that the Kenmare Resources shares push higher than 39.4p. Having said that, you will make a loss of £25 for every penny that the Kenmare Resources market moves below 39.4p.
Put another way, should you buy a spread bet then your profit/loss is calculated by taking the difference between the closing price of the market and the initial price you bought the spread at. You then multiply that difference in price by your stake.
If after a few hours the stock started to move upwards then you could choose to close your trade to secure your profit.
So if the market moved up then the spread might change to 43.3p - 43.6p. To settle/close your trade you would sell at 43.3p. Therefore, with the same £25 stake this trade would result in a profit of:
Profit = (Closing Level - Opening Level) x stake
Profit = (43.3p - 39.4p) x £25 per penny stake
Profit = 3.9p x £25 per penny stake
Profit = £97.50 profit
Spread betting on shares may not go to plan. In this case, you wanted the share price to increase. However, it might go down.
If the Kenmare Resources share price dropped then you could close your spread bet in order to limit your losses.
Should the spread fall back to 34.7p - 35.0p then this means you would close your position by selling at 34.7p. If so, that would mean you would lose:
Loss = (Closing Level - Opening Level) x stake
Loss = (34.7p - 39.4p) x £25 per penny stake
Loss = -4.7p x £25 per penny stake
Loss = -£117.50 loss
Note: Kenmare Resources Rolling Daily market accurate as of 31-Oct-12.
Where Can I Find Live Spread Betting Prices and Charts for Kenmare Resources? |
If you'd like to review charts/prices for Kenmare Resources, you generally need a spread betting account. Users should note that accounts are subject to status, credit and suitability checks.
If your application is approved then you can log on to look at the real time prices/charts. Usually, these will be provided as part of the service, however, you're likely to get the occasional email or letter from your financial spread betting broker.
Of course, if you want to trade then, before you start, you should be aware that financial spread betting does carry a significant level of risk to your funds and it's possible to incur losses that exceed your initial deposit.
Though charts vary from provider to provider, in order to help your trading analysis, the majority of charts usually come with valuable tools, including:
- A broad variety of time periods, for example, 2 minutes, 2 hours, 1 day etc
- A variety of chart types, for example, line charts and candlestick charts
- Drawing options and features, for example, Trendlines, Fibonacci Time Zones, Arcs and Fans
Charts provided by CapitalSpreads also have more advanced aspects, including:
- Custom Indicators, BackTesting and Analysis tools
- Key chart overlays, for example, Bollinger Bands, Parabolic SAR, Chande Kroll Stop etc
- More than 30 indicators, for example, Stochastic, Chaikin's Money Flow, Forecast Oscillator etc
- Automated email alerts for when a market reaches a certain level
Example chart
The financial spread betting firms in the following list give their clients live trading prices and charts:
Advert:
Kenmare Resources Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Kenmare Resources 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.
'Kenmare Resources Spread Betting' by DB, updated 26-Apr-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 16-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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