FletchRGJ

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October 30, 2020

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Novacyt Potential Takeover

FletchRGJ posted a topic in Shares and ETFs

Hi All Hoping for some help / advice, I have a spread bet long position (several) on Novacyt share and its doing reasonably well. There are rumours of a takeover or buyout at a far higher price than its at now. Does anyone know what happens in the event of this happening? For example if its 1000p a share now and the takeover is 2000p I assume I would get the 2000p value and effectively double my profit? Conversely if it was 500p I would be down 50%. Much appreciated for help in advance.
- October 29, 2020
- 1 reply

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

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