Sometimes...16 Jul 2020 10:54
...you have to bite the bullet.
Over the last few weeks, I've drip sold my quite large holding, at a big loss.
The attraction here was always the dividend. With no sign of that being reinstated anytime soon I can find better use for the funds. Nothing worse than lazy money.
I've been in CS for over three years and have bought at 230p down to 101p, so had a high average, however when I bought, I believed in the company and the strategy. Although COVID made things worse, the writing was on the wall last year. I lost confidence, but held on 'In Hope'. The decline since the shops re-opened wasn't the effect I was looking for.
Now my hope is gone. I sincerely hope the new CEO can save the business and wish all holders well, but for now anyway, I'm out.