Thinking about opening a position? Maybe someone with more experience can give some advice if this is a good idea.
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Thinking about opening a position? Maybe someone with more experience can give some advice if this is a good idea.
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I hold - 6.8% of portfolio. One of my favourite stocks - really high quality with superb, honest management. Check out the interviews/presentations on e.g. PI World. Has a very good yield and looks well placed to benefit from the Biden infrastructure stimulus package. It's got a good moat, high margins and tonnes of cash, and is a high quality share with momentum.
On the flip side, it's pretty near the broker target price of 435p and has been on a good run recently. Plus, obviously, it's cyclical.
Should you buy? Ah, only you can make that decision!
Also older owners so probably want to sell up some of the shop at some point in time so probably a prime buy over.
Trading statement out this morning with a +10% exceed previous expectations update. Provided the price doesn't jump by much more than 10%, I am personally going to top up this morning. More gas in the tank yet.