DIVIDENDS ARE GREAT
This month was a great month for dividends, boosting our coffers by over £350. Every little helps! We also received our pay off from Clinigen which was taken over recently.
So at our April meeting, with money in the bank, the "girls" (yes we still regard ourselves in that bracket) decided to get down to business again.
The first topic on the agenda was whether to sell any of our shares and if so, how much and which shares to focus on.
After much discussion it was decided to sell 50% of Genus We'd built up a large holding in this company over the years - it was one of the first shares we bought into when the share price was at around 180 in the year 2000. It has served us well and rose to the heady heights of 6040 last year but has been steadily dropping back over the past few months and is currently sitting at 2536. Back in November 2021 the company warned that China's unstable pig market was hampering profits and, with a focus firmly on a "non meat" world, we decided the time was right to sell.
On the basis that paper profit is "no profit" until you sell up - we have added to our coffers to invest in some new shares.
We also sold a small amount of our Fevertree holding. This is a company we bought into just after it floated in 2014, it rose to 3831 by September 2018 but has slowly declined and is now sitting at around 1680. We still have a relatively large holding with this company - so it's just a matter of drinking more G & Fevertree tonic - or whatever your preference is!
THE BIG QUESTION - WHAT TO INVEST IN
BHP: We are showing a 120% profit on this share which has risen steadily over the years we have held it. It is a firm favourite of the China Dolls and it was decided to invest more into this company.
BHP and Woodside have signed a binding agreement to merge BHP’s oil and gas portfolio with Woodside to create a global top 10 independent energy company by production and the largest energy company listed on the ASX.
The combined business will have a high margin oil portfolio, long life LNG assets and the financial resilience to help supply the energy needed for global growth and development over the energy transition.
BRADDA HEAD: Bradda Head was co-founded in 2009 by Jim Mellon (Chairman of Master Investor) and another, with HQ on Isle of Man.
It is a lithium exploration Group focused on developing its high quality projects in the USA. Through its subsidiaries, the Group holds a 55% stake in lithium brine, pegmatite and clay projects located in strategic positions in two world class lithium belts. It is quoted on the LSE.
We have been watching this share since it was reviewed during the Master Investor Show in London last month. The share price has more than doubled in 16 months. Fingers crossed for this one.
ASOS: How wrong we were about buying into ASOS again. We made a lot of money from our share holding in this company when it was first launched back in 2001. We actually sold out at over 1400 but it went on to reach over 7000! Amazing! We should have held, but hindsight is perfect sight as they say and we were pleased with our profit at the time.
In 2001 they were one of the very few companies selling online but of course there is now a lot of competition and we have lost on our latest investment. Thankfully we did not invest heavily into the share and are holding for the time being. Perhaps to discuss at next months meeting.
TRAINLINE: A good rise in this share price since March after it was confirmed that Trainline will be able to keep a bigger slice of their ticket sales than the City originally feared. Trainline earns 5% commission on every ticket sold. The share rose from 195 in March to currently 280.
DIAGEO: A share we bought into at the beginning of the pandemic. It proved a good decision and we are showing a profit of over 43% in that short time. It continues to perform and rose 11% in the past month. We also received a dividend - our Treasurer, Pam S. LOVES dividends. It is our 3rd largest holding. We are tempted to purchase more.
That's it for this month.
See you all in May.
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