Company set to receive £333m boost5 Feb 2024 21:15
To counter the negativity here I’m going to make my own prediction that JD will rise tomorrow. I don’t use charts etc, but instead trust my logic.
The company reported a 10% loss in profit, but has seen a greater than 30% drop in its share price.
News also spread that it is set to receive a third of a billion in unexpected income from one of its investments this year, yet after the news spread the price dropped over 5%.
The company has extensive cash reserves, which, if interest rates are high could generate a strong return on capital or could be used as to purchase/combat debt heavy competitors.
The stock could be moving down for a multitude of reasons, but in my view, logic isn’t one of them.
All in my view, do your own research and not financial advice.
GLA 🤑