What a great month! All 10 shares in our portfolio increased in value over the last four weeks and pushed the basket up to a record £1,063.
But this month’s update is tinged with sadness as it will be last time we report on Safeway. Its shares stopped trading on Friday and Morrisons officially takes over on Monday March 8.
However, Safeway’s shares have rallied in the last month, up 10.9% to 310p, mirroring the rise in Morrisons’, up 14%, which will increase the value of its bid for Safeway. But the takeover rollercoaster ride, which has been reflected in its share price, has now come to an end. How long will it be until another grocer’s shares enter the takeover theme park?