How to buy, sell and short Kanabo shares
Kanabo, with products designed to offer medical treatment solutions, became the second medical cannabis company to list on the LSE. Find out how you can buy, sell and short Kanabo shares and analyse the company’s share price.
How to buy Kanabo shares: investing or trading
You can buy Kanabo shares by investing in physical shares of the company, or you can take a ‘buy’ position using CFDs if you think that the company’s share price will rise.
Here are the steps of buying Kanabo shares with us.
Trading (buying) Kanabo shares
- Create or log in to your trading account for spread bets or CFDs and go to our trading platfrom
- Search for ‘Kanabo’
- Select ‘buy’ in the deal ticket
- Choose your position size and take steps to manage your risk
- Open and monitor your trade
Investing in Kanabo shares means that you will have ownership in the company – you’ll be a shareholder, and if given by the company, you’ll qualify to receive dividends and voting rights.
To become a Kanabo shareholder, you need to pay the full value of your position upfront – as leverage is not available on investments.
Learn more about leverage in trading
‘Buying’ Kanabo shares via trading means that you speculate on the price of the company’s shares rising – this is also known as going long. Taking this position doesn’t give you direct ownership of Kanabo shares.
You can take a ‘buy’ position on using leveraged derivatives, such as CFDs, with us.
Leverage enables you to trade on the full market value, while only paying a deposit (known as margin). But bear in mind that while gaining full market exposure through leverage can increase your profits, it can also amplify your losses. So, taking measures to mitigate your risk is essential.
Learn more about risk management
How to sell Kanabo shares: investing or trading
You can sell physical Kanabo shares via share dealing. If Kanabo’s share price has increased since you took a position to buy them, you can make a profit if you sell. Alternatively, you can sell if the share price is below what you paid for the stock – closing your position can mitigate the risk of losing more money. However, you might also miss out on a profit if the share price rises after you have closed your position.
Find out more about how to sell your Kanabo shares in the boxes below
‘Selling’ Kanabo shares via trading means that you are speculating on the company’s share price falling – this is also known as going short. As when buying, you can also ‘sell’ using leveraged derivatives, namely CFDs. Remember, leverage can amplify both your profits and losses.
Learn more about the impact of leverage on your trades
Short-selling Kanabo shares
- Create or log in to your trading account for CFDs and go to our trading platfrom
- Search for ‘Kanabo’
- Select ‘sell’ in the deal ticket
- Choose your position size and take steps to manage your risk
- Open and monitor your trade
How to analyse the Kanabo share price
You should analyse the Kanabo share price by utilising both a technical analysis and fundamental analysis.
- The technical analysis gives you chart patterns, technical indicators and historic price action
- The fundamental analysis gives you the fundamental information of a company, such as net revenue and loss statements
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
Please see important Research Disclaimer.
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