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Written by Portfolio Updates
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Tuesday, 03 November 2009 |
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Security sold from the Money? What Money? investment portfolio:
Company Name: Morrisons Supermarkets
Symbol: MRW
First Held: 27th November 2008
Holding Sold: 100%
Date Sold: 3rd November 2009
Price: 283.13 Pence
Profit: 9%
Summary:
Whilst Morrisons has provided a positive return over the 12 months we have held it, it did not achieve the increased sales we had predicted due to people moving to cheaper supermarkets due to financial hardship.
We decided that since the stock appears to be stagnating, we would take the profit in order to free up capital to be invested in stocks with more potential for growth.
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