CREDIT SUISSE RAISES CRODA INTERNATIONAL TARGET TO 7,200 (7,000) P - 'OUTPERFORM' on 22 April 2021 Questor in Daily Telegraph this week gives a brief review, advises existing holders to continue to hold, well managed company with a steady impressive track record.
Wisemanner, correction Bankers IT the current dividend yield is 2.12%, not 3% as I stated. Bankers Investment Trust Objective To achieve capital growth in excess of the FTSE World Index and annual dividend growth greater than inflation, by investing in companies listed throughout the world. As UK inflation is currently very low, the annual dividend growth target won't be that difficult to achieve!
I have trimmed my holding by a third, having done that I have no doubt the share price will power ahead. That happened a few weeks back when I sold a third of my Monks IT only to see the share price zoom up a pound or more. Having said that I still remember the advice given to me 40 years ago by a stockbroker friend "Never get too greedy, it is never wrong to take your profits when you can, and leave some room at the top of the curve for others to benefit by." However reviewing my past shareholding in various companies, it is chastening to note that had I stayed invested in them I would be have been far better off than I am now.
Yes agreed Laughton, a 3 month plus dent in sales in pubs, clubs and restaurants in UK, just over half normal sales I believe, that will make a difference to this year's final results. A second wave of Covid-19 this winter will hold back next year's results. When investing one cannot get over optimistic.
Now HSBC uprates Fevertree to 25.50 and that seems to explain this morning's price rise. The price will get there eventually or even surpass it provided Covid-19 does not hit with a second wave of infections this coming winter.
My brokers at this time 10.55 are quoting Bid:2,081p Offer:2,091p Either there are more significant holders quietly adding to their holdings or there are more buyers than sellers. The next thing we will here is some rumour circulating that there is a bid in the offing. For the moment I am sitting tight and not buying or selling.
I could name a number of my investments that had I thrown all my money into buying the shares I would now be more than ten times better off than I am now. No doubt other investors have had to the same experience!