As some will know A & J Mucklow is the subject of a takeover offer from Londonmetric. I do not particularly want shares in that company so have just sold in the market today at what is a 25% profit since I bought in February 2018. I am sorry to see another small family company go but the decent capital gain (in an ISA) is some compensation. I looked to see where the funds for buying Mucklow came from. They arose when I sold B Land for £6.474 (I think I recorded it here at the time). B Land are today quoted at £5.40. That is why I do not like B Land. By chance quite good deal.
I make no comment on the merits of a HYP.
For those interested, I have just bought M J Gleeson with most of the proceeds. They have a higher yield than Mucklow at 4% and so within HYP territory. The shares were down when they lost their CEO earlier this week and it is a similar family concern although a smallish housebuilder this time.
The balance of the proceeds may well go to an IT.
Dod
This post perhaps doesn't have the most descriptive title possible, and MJ Gleeson might not be on most HYPers radars. But be that as it may, in the interests of pragmatism, this thread is deemed on-topic for the board, although it might be re-titled. So thank you to those who have reported it, and there's no need to report it again. -- MDW1954