This is not strictly a trading position. But If it jumps I’ll take it.

Given the perilous state of the stock market I’ve been keeping an eye out for value stocks that pay consistent dividends, represent a discount to NTA and have good businesses. CSR was one of the ones on the list and is due to pay a dividend in November.

It’s languished recently so I thought I’d buy some for a longer term. If it jumps a decent percentage over a little while I’ll sell it. But this is the closest I’ve come to a bottom drawer purchase.