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CLEANING UP OUR PORTFOLIO





GENUS: SOLD - This is a share we bought into at the very beginning of our China Dolls journey. Their mission is to breed better pigs and cattle, so farmers can produce high-quality meat and milk more efficiently and sustainably. We have been in profit the whole time we've held this share, however recently the share price has been on a considerable decline as the company struggled with the effects of swine flu. We made the decision to sell whilst still in profit.


VESTAS: SOLD - We bought into Vestas a few years ago when Boris announced wind power was they way to go. We have been disappointed. This share has never made a profit for us and recently, due to supply chain disruption and rising costs, it has been in a steady decline. Time to send it off into the wind.


BRADDA HEAD: SOLD - Sometimes you just buy into the wrong share! We got carried away with the potential in the production of Lithium - and, having already bought into Cornish Metals, we decided to buy into another Lithium share, Bradda Head, after watching an inspiring talk by one of its Directors.

We have learnt our lesson and after a 75% loss we have baled out. Thankfully not much was invested.

In the meantime we are holding on to our other lithium mine share, Cornish Metals which has enjoyed a surge in its share price after the Government announced it has backed plans for a Cornish lithium mine (sadly not Cornish Metals) as part of efforts to boost Britain's battery making industry. The state-backed UK Infrastructure Bank has invested in Cornish Lithium as part of a £53m funding round. Cornish Metals is owned by a Canadian company, so we don't think they will get the same support from the government - but it can only be good news for the company.


OTHER NEWS:


TRISTEL: Tristel is an infection prevention company which we invested in at the start of the pandemic. Its products are mainly used during operations in hospitals and as a result of the pandemic, procedures were very much put on hold. So our plan backfired!

However: we heard news last month that its ULT disinfectant had received clearance from FDA in America.

Analysts at finnCap believe that 1/3 of the US market for high level disinfectant ultrasound

could equate to $33million in revenues plus £7.9m in royalties. This can be achieved by

2028.

The business already has revenues of £34.3m with little contribution from the US.

We are holding but will keep an eye on this share.


UNITE: A share we love. It has been awarded Sudent Accommodation Operator of the year once again at the RESI 2023 award ceremony and has started building one of its greenest ever purpose built student accommodation in Nottingham at a cost of £34m. This is their first new build development designed for postgraduate students. Holding.


DISCUSSION AND DECISION:


With our purse replenished we decided to play safe and invest more into BAE Systems.

BAE Systems has lifted its annual profit forecast as the war in Ukraine helped drive orders to new records at Britain’s biggest defence company. The company said that it had won a record £21.1bn of new orders in the first six months of the year, underpinned by new orders for existing programmes including submarines and fighter aircraft. Its order backlog also hit a record at £66.2bn.

The FTSE 100 group, which builds everything from Eurofighter Typhoon jets to nuclear submarines and combat vehicles as well as making ammunition for the British military, forecast that its earnings per share would grow between 10 per cent and 12 per cent this year, double a previous prediction. Shares in BAE have surged 70 per cent since the start of last year, making the company the second-best performer in the blue-chip FTSE 100 index after energy supplier Centrica.


Warpaint: We looked into this share a couple of months ago with the aim to invest, but decided to watch and wait. We dicussed this at our meeting last Wednesday but decided to play safe and invest in BAE. However - in todays Times newspaper we read this report - so watch this space for next months news!


That's it for this month. See you in September.



DISCLAIMER

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.


The China Dolls is not in the business of offering any form of advice on investing or other financial matters.


The content of this blog is not to be considered an inducement to trade as we trade and is offered for illustrative purposes only.


Any use you may make said content is entirely your responsibility and The China Dolls will not be held liable for any losses you may incur as a result of using this blog to help you trade.











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