Share Prices: Shop as they Drop

THE WEEK: Morningstar columnist extols the benefits of acting quickly to pick up cheap stocks - and rounds up a big week for high street retailers

Rodney Hobson 15 April, 2016 | 10:10AM

The vagaries of stock market investing were brought home this week when three retailers in different parts of the high street produced trading updates on the same day. Two shares went down sharply and one rose. The curious thing was that it was the least favourable update that brought the most positive reaction.

There is no sign of a return to Tesco paying a dividend, but that was hardly a surprise

Regular readers will know I am not a great fan of Tesco (TSCO) but I thought that its latest quarterly update, covering the period to February 27, was its best in years.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Halfords Group PLC173.40 GBX10.45
Premier Foods PLC76.80 GBX3.23
Tesco PLC221.50 GBX-0.14
WH Smith PLC1,075.00 GBX-1.83

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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