Let’s start with the chart.

I bought for the yield, based on the information about

dividends from the management. Clearly a mistake

but the choice was mine, marry in haste repent at leisure.

There were plenty of red flags after I bought so I could

have exited with my pride intact.

From the chart it’s clearly an avoid, although with fast moving

shares waiting for the price to reverse above the cloud can

make the trade more risky.

Here I should have bought above 50p as I wanted to trade

the yield.

Of course after the Trust missing the next dividend I wouldn’t

have bought.

But we are where we are, nothing to gain crying over split milk.

The management have crashed the price from 111p

and the news of them missing the dividend caused another

spectacular fall, which most probably isn’t over yet.

They have decided to buyback shares but my faith in the management

is at an all time low, so the plan is to exit the position after

waiting to see if the share buyback arrests the shares fall.

The big risk is that this may happen at a much lower price but

I will not buy anymore shares in the Trust.

The fcast for the year of 8k is not affected but the target will be more

difficult to achieve but not impossible.