I sold out and bought TAL. I may regret this, but just couldn’t hold on. My reasons are,
1. Main Reason – Morrisons results didn’t give this SP a bump up (this worried me)
2. Couldn’t get out of my head the Warren Buffet saying, ‘If you don’t want to own a company for 10 years, then don’t own it for 10 mins.’. I have worries that alternative distribution channels will keep on eroding this business. When I now want to buy music, I generally look up the artist on iTunes and download the track, not a compilation album, which are never shown.
3. The price of TAL (Ten Alps) on my watch list came down to a good level and I am excited about their future. Didn’t want to sell any others of my holdings. So AMU got it. Realised, I don’t have the guts to do a pure value Benjamin Graham play.
I payed 110 and got out at 90p. Lost around £1200. First posted loss. I suppose it happens. My portfolio stands at roughly £26,700 so thats still around 42%, but still a long time left this year.