Marlborough's Lall: The unloved 'Covid kickers' set to reboot their dividends

These stocks, among several others, account for a proportion of the fund that the manager describes as "Covid kickers", which have resided in the portfolio since before the crisis, but which he thinks are likely to recover. Therefore, Lall does not want to crystallise any losses by selling out of them. "For me, it is about selling at the right intrinsic value," he said. "For instance, a company we hold is Plaza Hotel, which is at a discount to its net asset value. I don't want to sell there because, with lockdown easing, if anything it will get more bookings coming through. "Even i...