MORGAN SINDALL: One our Dollies has been following this company after it was recommended by Questor in September 2020: since when this share has slowly been creeping up. Morgan Sindall was awarded an ‘A’ rating for its action to tackle climate change last year. It works on a mixture of building roads, school, hospitals, railways, maintenance and repairs for public sector housing, office fit-outs and urban regeneration programmes. The company has a strong balance sheet with £100m cash on its books which will help it gain new work and pays a healthy dividend of 4%. It was another strong BUY recommendation in the Times during April.
What perfect timing the China Dolls had: the morning we bought the share it soared 19%!
Sadly we didn't have much money to spend, having splurged out in March: but we invested £1500 and hope to add to this pot if the share continues on its upward path.
AGRONOMICS: There is a huge future market in the development of plant based food production, so says Jim Mellon/Master Investor, who is a keen investor in Agronomics. He predicts the dairy industry will be gone in 10 years and by 2030, 50% of the meat and fish market will be cell or plant based. Our share holding is already showing a 30% profit.
CLINIGEN: After a slow start this share has started to move in the right direction. The company announced that it will be providing access to Clingen's Erwinase® (L-asparaginase Erwinia chrysanthemi) in the UK from the 6 April 2021. Erwinase is used in the treatment of patients with acute lymphoblastic leukaemia..
DECHRA: Another share that has performed well for us showing over a 9% profit since our March meeting.
AB DYNAMICS: A small but steady rise for AB Dynamics this month. It hit the 2300 mark but profit takers stepped in. It appears to be heading in the right direction. Brokers forecast a target price of 2800. We are holding this share.
CRODA: One of our original shares. We have done so well from this company and are showing over 150% profit. The share price has increased 50% over the last 12 months.
More than 60% of raw materials used are renewable, higher than the rest of the chemicals sector. The company still has long term potential. Berenberg reiterated it as a buy with a target price of 7,400p (at the moment 6724p) Croda has recently been ranked 1st in the Most Sustainable International Company.
REACH: We bought into this company three times over the past 2 years and after a slow start the share has risen from 50p to 215p - a very healthy rise.
The market appears to be performing well and our portfolio is looking extremely healthy.
Of our 26 shares, only 4 are now showing a loss.
Trainline and Vestas: are both showing a small loss. We are continuing to watch Trainline with a slight concern that many office workers will continue to work from home for at least a few days each week. Vestas we are holding on to for the future.
Invinity Energy Systems and Simec Atlantic Energy are both showing substantial losses of 75%. After discussion we decided to cut our losses in Invinity Energy Systems, having invested £2000 we came out with just £500..............sometimes you just have to accept a loss - just as well our other shares are doing so well.
We are still hopefull for the future of Simec Atlantic Energy.
DIVIDENDS: We did very well with dividends paid this month. Our Treasurer, Pam S, is smiling!
That's it for the April blog.
Optimism is the key word in life. Summer is on its way.
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The China Dolls is a group of private individuals who meet regularly to discuss investment strategy and make investments based on the collective opinion of the the group.
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