Friends Provident sell or buy Resolution

[HerHonesty]

not a massive holding, 224 due to demtualisation. should i sell and bank the cash (put in rather large mortgage) or buy the resolution shares.

believe FP sale is undervalued and that Resolution are going places (know the management) but by christ i dont really need any more exposure to financial services as I have large holdings of aviva and lloyds (oh joy!)

any opinions>

so i know its not the most interesting of threads... thought at least ABD would have an opionion.

HerHonesty - I assume you mean me? Was mowing the lawn on Sunday morning.

Frankly, I would take the cash and pay down the mortgage. The stock market has run up a long way and is somewhat overvalued now. In my view significant risk of a serous correction in October.