TLBR was my largest dividend share holding (and one of my top 3 holdings overall - although none amounts to more than 5% of the portfolio), so I was glad of the opportunity to both take a profit and reduce my exposure.
Taking a 35% profit and reducing risk is all the more indicated as we are shortly off again - this time to the south of Ireland, to enjoy a week or so of what looks like being untypically sunny weather! So it is a good time to clear the decks a little.
I still hold a big chunk of TLPR, bought in March 2013, which is currently also showing a pleasant capital gain equivalent to around 4 years' current income. Although the share is now yielding less than 5%, I am still optimistic about prospects for a further capital gain. If that fails, there is still the reassurance of a well-covered dividend (current dividend cover 2.4) for the foreseeable future.
My cash holding has now risen to nearly 15% of the total portfolio. As I don't like leaving cash idle I'll have to start looking for some new investment opportunities on my return from Ireland.
[Sale price: £3.5138]
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