Closing out a Lonrho loss

I noted last week that the Lonrho deal to be taken over by a Swiss billionaire was almost certain to go through without a higher bid emerging — and now that my trading embargo has ended I’ve sold my full Lonrho position at the market price (which is pretty much the offer price). This books a small loss for me, since my cost basis has gone up with some add-on buys over the years, but not a major one — so now I’ll start looking for something more profitable to do with this cash.

Sign Up for a Premium Membership

To view the rest of this article (and to have full access to the rest of our articles), sign up.
Already a member, log in.

Become a member

We use cookies on this site to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies.

More Info