IS - A.I. - THE WAY FORWARD?
WE THINK IT MIGHT BE
It is very early days, but we are looking into the possibility of investing in AI companies.
As you may be aware, we are a cautiously optimistic group of ladies so we will do a lot of research before investing in this sort of technology. But surely it is the way forward.
Dechra: What an interesting month this has been for Dechra. The shares soared 47% after the firm confirmed it had received a bid approach from private equity firm, EQT. Under the terms of the possible offer Dechra shareholders would receive 4,070p per ordinary share in cash, a premium price. When the offer was made Dechra shares were sitting at 2,733p, they are now at 3820.
The bid would value the veterinary pharmaceutical company at around £4.6bn.
Genus: We've held this share for years. It was one of our original purchases when Picston Shottle was Genus's prize bull. He retiredin 2015 after 15 years of service and died a few months later. During his working life he produced 1,174,948 units of semen for the company - so we assume he had a happy life!
We are still showing a 36% profit on this share even though we have taken profit over the years. A good share to hold.
Diageo: Shares increased by 6.5% this month, increasing our profit to an average of 33%.
The company have appointed a new female Chief Executive, Debra Crew.
Crew’s appointment means women will make up more than 50% of the group’s executive
committee. Diageo becomes one of only 5 FTSE100 companies to have both a female CE and Chief Financial Officer. China Dolls like this fact.
BAE: This share just keeps on giving. The price increased by a further 10% this month
The company has been awarded £656m for the development of the new Tempest
A recent article in the Telegraph stated that, due to worldwide unrest, the BAE share price can only go up.
Fevertree: This share rose 10% over the month.
They have developed a new soft drink - Cloudy British Apple with twist of mint.
Also new premium cocktail mixers for Margarita, Mojito and Espresso Martini.
The full year revenue was up 11% to £334.3 m.
They are showing double digit growth in US, Europe and rest of world, which has more than offset the decline in the UK. Having bought this share very shortly after their flotation we have made a lot of profit, some of which we've cashed in. But are holding on to our core investment.
We are hanging on to our money for the time being as we look into investing in AI.
All us China Dolls are investigating and, hopefully, will come up with something exciting.
See you all next month.
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.