15th Feb 2023. 10.33am
Regency View:
TAKE PROFITS JD Sports (JD.)
Regency View:
TAKE PROFITS JD Sports (JD.)
Close JD Sports (JD.) at 179.2p
Our decision to step in an buy JD Sports in August following a significant sell-off has worked well.
The shares have been on a strong recovery run during the last few months – helped by improving market conditions.
Whilst the market reacted positively to new CEO Régis Schultz growth plans which he outlined at their Capital Markets Day – we feel a lot of good news is now baked into the shares.
With this in mind, we’re going to take our profit on this position.
Profit = +40.5% (including dividends)
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