MIDAS VERDICT:

Midas readers will know that the column has long been a fan of Meggitt, which was tipped in April 2018 at £4.37, and then again in January 2019 at £4.97. Readers who followed our recommendations are sitting on some amazing profits and might be wondering whether it is time to press the button for the ejector seat. While it is tempting to hang on to see what happens next with TransDigm, anyone who has spent time in the City knows there is many a slip between a takeover bid and an actual acquisition, and the involvement of the British Government makes the unknowns even greater. Despite the firm’s elevation into the FTSE 100 and its continued strong performance, there’s no shame in bringing Meggitt into land. Take profits.