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Assistant Portfolio Manager
Specialism: Private Bankers & Investment Managers Investment Management
Company: James Hambro & Partners
Location: London, England
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Investment review of a FTSE 100 company culminating in the sale of all discretionary client holdings ahead of a profit warning
I led an investment review of a FTSE 100 company culminating in the sale of all discretionary client holdings ahead of a profit warning. Having been a long-term and successful holding for our clients, the company faced growing competition along with increasingly trend and price sensitive customers.
Following a face-to-face meeting with the CEO, an appreciation of these growing headwinds drove my recommendation, and subsequent team decision, to sell our client positions outright. The stock has since fallen by over thirty-five percent compared to the FTSE All Share up over twenty percent during the corresponding period.