Shares hit my 20% stop loss figure.9 Feb 2022 12:18
I was disappointed yesterday to see the shares hit a 6-month low. I had a 20% trailing stop loss set which automatically
triggered the sale of my shares. I don't have a massive holding, it represented around 5% of my portfolio.
I struggled to understand what had happened so I dropped on a couple of chat forums. I was not happy to see bullying allegations.
I investigated further and looked at the original source. A review posted on glass door on Christmas Eve.
I was shocked at what I read and the Howdens response was to say the least inadequate.
If I had seen that then I would have sold then. The shares have only gone in one direction since that posting.
Overnight one sentence has haunted me "one event was so evil, so vile, so disgusting it could not be ignored"
It appears that this manager is being protected by the HR department, supported by the legal department and who knows
what the intervention of the Investor Relations Department achieved. We have to ask what is going on? The two main
allegations are that of racism and bullying I can now add a third bringing the company in to disrepute. In my company each of these alone
are subject to instant dismissal on grounds of gross misconduct. Here we have one manager with all three allegations against them. A real "Holly Trinity"
Howdens need to deal with this maybe reporting themselves to the equalities commission to distance themselves from what has happened.
I will not be replacing my shares any time soon.