Henderson: Stocks We Wish We Hadn't Sold Post Brexit

Bronze Rated smaller companies investor Neil Hermon reveals the companies he regrets selling after the EU referendum - and those he was glad to pick up on the cheap

Emma Wall 15 September, 2016 | 10:29AM

“On Friday June 24 you did not feel like there were blue skies ahead,” says Indriatti van Hien, deputy manager of the Henderson Smaller Companies Investment Trust (HSL).

“The Government looked in disarray, Bank of England Governor Mark Carney remained bearish and markets had fallen dramatically.”

As a result, van Hien and the trust’s lead manager Neil Hermon took the decision to sell out of a number of economically sensitive stocks, a reaction that with hindsight has proved to be of mixed success. One of the less successful trades was SSP Group (SSPG), an operator of food and beverage outlets in travel locations across the UK, Europe, North America, Asia Pacific and the Middle East.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Brewin Dolphin Holdings PLC258.50 GBX-2.82
Henderson Smaller Companies Ord766.00 GBX-0.65
Howden Joinery Group PLC510.40 GBX-0.16
Jupiter Fund Management PLC219.00 GBX-5.03
LSL Property Services PLC212.00 GBX-0.24
Renishaw PLC5,180.00 GBX1.97
SSP Group PLC225.80 GBX-1.66
Victrex PLC1,898.00 GBX-2.01

About Author

Emma Wall  is former Senior International Editor for Morningstar

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