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Tate and Lyle: book the profit...and where's my tin of golden syrup?

By Chris Bailey of Financial Orbit | Saturday 10 November 2018

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

It is usually John Paul Getty who is given attribution for the wonderful 'by selling too soon' response to the question of how to get rich.  Selling is an important discipline and there is certainly no crime in taking a few profits...which brings us to Tate & Lyle (TATE).  Maybe I have been consuming too many sugar - or sucralose - laced products recently but I feel pretty pleased with this one, telling everyone to get stuck in earlier this year and then suggesting a hope price of 7 quid a share in May  after an initial bounce.  Well hold the front has happened following Thursday's results publication. 

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