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There is little doubt it hasn't performed as we had liked but the dividend is pretty reasonable. I think once the dust settles, which might be a few months yet, we should see progress. I personally think the money could be better invested elsewhere on a better option but would rather not see us make a loss when there is still good potential to get out without our fingers having been burned in the process. Tesco has been quietly recovering in value too, so I have a little more confidence in positive progress towards a reasonable get out point for us on this one all considered.kevinchess1 wrote:I feel this has been a bit of a dog for us and we should sell it if/when it get to 250
we should restore the Stop/Loss on this
Sometimes you have to accept a loss to stop a disaster.underdog wrote:I would be in favour of only ever selling at a profit. I think it would set a bad precedent, especially if the first share we sold, we sold for a loss.
I'm sure there are better options out there. The trouble is we have not spotted them yet and would need to do so first If we were going to sell these for a loss I would personally want to know we were investing in something we were very confident in as a replacement.timco wrote:Sometimes it is better to cut your losses if there is a better place to invest the money no point hanging on because you could be losing the value you lost in a share that could have gained, if you see what I mean.
Spot on for sure. However, I must add - with Sainsbury I certainly wouldn't call it a disaster stage - far from it really. It is just "not ideal" in my books. If we were 20% down, had a poor divi and nothing to sniff a return to better fortunes it would be firmly in that territory though.William Joseph wrote:Sometimes you have to accept a loss to stop a disaster.
I am minded that we should not miss out on a potential price climb if the tide of opinion turns in favour of it being a better idea than the doubt that was originally expressed. It is evident this was a changing view and more analysts were warming to the concept. If in the meantime we got to the escape point I have proposed we should probably jump ship to lock-in our position. Certainly we need to review our position once this particular scenario has played out, as I don't think the impact of the Netto tie-up will be as striking and I am not sure what other positive news is on the horizon for the sector. I could be wrong but the Netto thing is only a relatively small experiment compared to the impact of the Argos purchase. What I would really hope is some positive news on this is dropped into consideration in advance of the confirmation of the Argos purchase...just to make things interesting.timco wrote:Will be interesting to see what happens after the takeover of Argos which I still think is over priced.
I think we have to be realistic and if there is good reason to sell, such as in a scenario above when we have a very promising replacement in mind, we would be silly not to sell for a loss.underdog wrote:I would be in favour of only ever selling at a profit.
I do see the sentiment of this, which is why the point above is a precursor to any sale at a loss unless we are in the territory William Joseph described.underdog wrote:I think it would set a bad precedent, especially if the first share we sold, we sold for a loss.
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