Bottom?11 Aug 2017 15:56
Did we hit the bottom this morning 113.8, we will see.
Shorts were 1.28% on the 8th and has been falling since 5.13% in February.
My opinion is that Blackrock and Old Mutual have manipulated the price down to lock in long term 6%+ yield, which is covered nearly twice.
Rock solid company, after all, the recent acquisitions have been supported by outside lenders, who obviously don't see bankruptcy on the horizon.
5 year low, rubbish, this is not Carillion it has assets, diverse product and run by competent management with ambition and foresight.
My second biggest holding 10%, GFRD the largest. Down at the moment, but happy to keep buying, good part of my pension input.
Live in Lancashire so the discount card is used on a very regular basis, when that disappears I will start to worry.