Investors' Chronicle Exciting British stocks & the Budget: Lee and the IC
Nov 11, 2025
Lord John Lee of Trafford, an experienced investor and UK equities commentator, shares insights on his portfolio and the upcoming Autumn Budget. He discusses the ups and downs of stocks like Treatt and STV, and praises Goodwin as an exciting engineering player. John elaborates on the cautious appeal of small-cap Venture Life and reliable income from James Halstead. He also touches on Primary Health Properties' attractive yield and MS International's defense sector potential. Lastly, he offers a forecast on budget-related tax measures.
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M&G Dividend Upside Confirmed
- Andrea Rossi's optimism reaffirmed John Lee's faith in M&G and its dividend prospects.
- John expects dividend growth and views current yield as having room to fall toward a more normal level.
How Treatt's Bid Battle Played Out
- John described the Treatt takeover saga where Döhler bought shares and effectively blocked Natara's scheme.
- He sold his holding at ~245p to avoid downside if the Natara bid collapsed and Döhler stopped buying.
Protect Gains During Takeover Uncertainty
- Avoid holding oversized positions during takeover uncertainty if you are conservative and lack confidence in the outcome.
- Sell into visible buyer activity to ensure liquidity rather than waiting for an uncertain premium.