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Redemptions Watch – a good day for Neil Woodford’s Income Focus Fund as Kier reassures

By Nigel Somerville | Friday 2 August 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.


The big news yesterday was that Kier Group (KIE) decided to rush out a trading statement after all, having quietly tried to side-step one on 30 July. It is good to see the management in full control! But the statement did not seem so bad and the shares shot higher by around  a third, which was really good news for Neil Woodford, who holds around 15% in his funds. The other good news was the dividend, which actually went up on a year ago. Sackcloth and ashes for me.

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