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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.
£13.65 as at 4 Jan 2021, quite an increase since the last post on 6 April last!
That would have been a good time to buy, had anyone had the courage.
I bought at £5.44 back in 2015 and have steadily added to my holding up to October 2018.
My only reservation about SMT is the plus 10% holding in Tesla, albeit SMT sold a large slice last year. Tesla's share price is running well ahead of any potential future solid profits.
I took some profits by selling 35% of my SMT shares recently, my remaining holding is showing over 115% gain since I first bought in back in I think 2015, with a few further purchases and sales since.
It is never wrong to take some profits and not get too greedy.
Motley Fools now recommending the shares as a buy! The author apologies for saying the interim dividend had been suspended.
https://www.fool.co.uk/investing/2020/07/18/this-huge-ftse-100-dividend-is-suspended-for-now-id-buy-before-it-resumes/
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.
The vast majority of the daily trades are not significant in value, just a few hundred or thousand pounds in value.
Punters with nothing else to do with their lives trying to become billionaires via day trading piddling mounts, the market price adjusts accordingly as the day goes by.
Director Kevin Havelock is the man who seems to be taking the long view despite his accumulated losses. I would go by his judgment any day.
Another explanation of auctions intra day and end of day as per London Stock Exchange website
https://www.lseg.com/markets-products-and-services/our-markets/london-stock-exchange/equities-markets/trading-services/trading-services-video-resources/what-auction
After hours and other Auctions explained!
https://aim-watch.com/articles/lse-auctions-explained/