Sold out and holding cash. Too much volatility in this share atm. Bad news to come from other companies will drag FTSE down. I may get a lower price to buy in again.
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RE: There goes another 2.75 million23 Apr 2020 18:44
They must be desperate for the cash. Same tactics on loads of their other investments. Trouble is with big holdings in microcaps is you often cannot get rid of them without taking a hefty loss.
Double whammy for insurers as their investments dwindle and pension deficits balloon on top of their surge in claims. Treating customers fairly applies here
What they are not telling us is the expected drop in investment income due to Covid-19 and the impact of the crash in the stock markets on realised and unrealised gains. This could be massive and of course is not covered by reinsurance.
It's going to get very bad imo. Hold cash and pick up the decent FTSE casualties is my tactic. Gold may be okay but may drop short term as all assets are liquidated. Avoid microcaps for a while.