Unilever

[Dod101]

Amidst all the gloom about Keir, I have just trimmed my Unilever holding. I had a limit price for the sale of £50 and it hit that this morning. My first sale of this share in about 20 years. It remains at almost twice my median holding but I did not want any more CGT than I could help.

Now what to do with the proceeds?

Dod

[richfool]

Amidst all the gloom about Keir, I have just trimmed my Unilever holding. I had a limit price for the sale of £50 and it hit that this morning. My first sale of this share in about 20 years. It remains at almost twice my median holding but I did not want any more CGT than I could help.

Now what to do with the proceeds?

Dod

That is a thought. ULVR is up today, currently @ 50.25 and a long time high. I am aware as well as a direct holding, that I have plenty of exposure through Nick Train's FGT and I noted his recent comments.

[Spet0789]

I am in the same boat. Unilever and the other reliable dividend growers are all catching a safe-haven / bond proxy bid at the moment.

My feeling is that governments can’t afford higher interest rates so central banks will keep rates low. I feel some altitude sickness at these price levels but will continue to hold.

[richfool]

I am in the same boat. Unilever and the other reliable dividend growers are all catching a safe-haven / bond proxy bid at the moment.

My feeling is that governments can’t afford higher interest rates so central banks will keep rates low. I feel some altitude sickness at these price levels but will continue to hold.

Noting that the yield has been pushed down to 2.70% (HL figs), I sold half my holding at 50.32 and propose to sit on the proceeds pending further developments.

If ULVR was to fall back significantly I would probably go back in. If not I will keep the cash as "dry powder" and await a market correction, at which point I may use the proceeds to top up an IT.

[monabri]

Not a holder of Unilever but I think your decision to trim was sound. I'm surprised that the share price has risen so strongly and I believe a correction may be coming (based on earnings growth f'casts over the next few years, and the debt looks a bit heavy although payment is well covered).

What to do with the released cash -- I'm guessing that the likes of Kier won't be on the menu!

[Dod101]

I still hold too much, the remaining holding is still 7.8% of my overall portfolio. I guess it is safe harbour status that is driving it and frankly there does not seem much to derail that to me so if it continues upwards I will sell a bit more. Given that the yield is still 50% or more, than say Diageo I think it could still have some way to go.

Waiting for a correction is not really in my DNA so I am quite likely to either top up something else or buy say F & C Investment Trust as a new holding. It is a non sheltered holding though and I am being stung for CGT as it is.

Dod

[ADrunkenMarcus]

I still hold too much, the remaining holding is still 7.8% of my overall portfolio. I guess it is safe harbour status that is driving it and frankly there does not seem much to derail that to me so if it continues upwards I will sell a bit more. Given that the yield is still 50% or more, than say Diageo I think it could still have some way to go.

It's 11.2% of mine. Today it hit a 100% capital gain on my 2013 purchase price.

Best wishes

Mark.