Regency View:

TAKE PROFITS Kitwave (KITW)

Close Kitwave (KITW) at 302.7p

We’ve enjoyed a very strong run this year on Kitwave with the stock surging higher from less than 180p per share in January to over 300p today.

The business has coped exceptionally well with inflationary headwinds and a recent trading update revealed that full year numbers would be “slightly ahead” of expectations.

There is a lot of good news priced in and we’re going to crystalise our triple digit gains into the recent strength with a view to buying back in following a healthy pullback.

Profit = +113.6% (including dividends)

KITW Daily Candle Chart