This week we are adding a listed fund management group to our tactical trading portfolio. We are seeing some short term trading price action in a stock that was already popping up on our UK value stocks screen. We first noticed it last week, and since then it looks like buying activity has picked up.
Shares had been trading sluggishly between 206p and 229p since mid-April, but with the PE ratio under 7x, investors have obviously decided to start buying into the stock. Shares jumped from 218p on 6 July to trade at 238p at time of writing.
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