IT WAS MY TURN TO HOST THE MONTHLY MEETING OF THE CHINA DOLLS INVESTMENT CLUB.
SIX OF OUR MEMBERS JOURNEYED OVER TO MY HOME ON THE ISLE OF WIGHT WHERE THE SUN, OBLIGINGLY, SHONE FOR OUR OUTDOOR LUNCH.
WE WILL SOON BE CELEBRATING 25 YEARS OF TRADING AND ARE AS ENTHUSIASTIC AS WHEN WE STARTED IN 2000. PERHAPS JUST LOOKING A LITTLE OLDER!
BHP BILLITON:
Our holding in BHP is showing a profit of 25%.
These are interesting times for this solid company: They attempted a $39 billion buyout of AngloAmerican. This failed but Anglo American shares surged in anticipation of a deal. BHP said the deal would boost its presence in the copper market, which is seeing demand soar amid the shift towards clean energy, as well as giving it greater access to potash, and coking coal in Australia. Copper is particularly sought after as the metal is used widely in electric vehicles, batteries and charging stations. We don't think we've heard the last of this move by BHP. We are holding.
Ceres Power: One of our AIM shares which has underperformed for us.
However, Ceres has been working with Shell since 2022 to develop a system to ultimately produce sustainable future fuels. Ceres has now been awarded a further contract for the second phase of its collaboration with Shell, to cooperate in the design of a solid oxide electrolyser module for use in large-scale industrial applications. We may see a positive outcome yet! We are holding on in ever optimistic anticipation.
Halma: This share continues to perform for us and is showing a 36% profit.
It acquired an electrical safety business, based in Wellington, Somerset, for
£44m. Their technology will protect modern aircraft from lightning strikes and stray currents, will safeguard trucks and buses ensuring wiring is properly connected, and will assist in safe powering of future trains with increasingly complex electrical systems.
FULL YEAR RESULTS: The company is showing a record profit over its 21 st consecutive year, with high returns and strong cash generation. Revenue is up over £2billion for the first time.
The share price has risen to 2657 from a low point in October 2023 of 1845.
A definite HOLD
Legal and General: We have only held this share for a few months and it has been a slow burner. At the moment we are showing a small profit of 2%, but profit is profit!
Recently Pharmacy chain Boots said it has secured the benefits of its pension scheme by transferring 53,000 members to Legal & General (L&G) in what the companies said is the biggest deal of its kind. A few very positive articles were seen in the Telegraph last week advising a hold on this company, good prospects to emerge. https://www.telegraph.co.uk/money/investing/stocks-shares/questor-investors-strategy-legal-general-crest-nicholson/
We are holding for now.
Simec Altlantic Energeering:
One of our hopeful AIM shares! Well I did say we are optimists!
Brokers still rate the company a strong buy with price target of 45.9 – an upside of 5637% in the next 12 months! We are sceptical to believe this, but it is in print.
Simec is beginning to receive payments for its sale of freehold land in Uskmouth (Wales) for £9.8m. The land is being used for BESS (Battery Energy Storage System).
It is developing a similar BESS in Caithness, Scotland called MeyBESS.
No point selling this one, so we will hold and look forward to positive results.
DECISIONS:
We did not sell any of our holdings this month. However we had £1500 to invest after receiving a bumper £750 in dividends this month.
WARPAINT:
What can we say about this "star" of a share in our portfolio.
Warpaint sells branded cosmetics under the lead brand names of W7 and Technic. W7 is sold in the UK primarily to major retailers and internationally to local distributors or retail chains. Their make up is for both men and women and is proving very popular with the younger generation. https://www.warpaintlondonplc.com/about
We have added to this share a few times and watched the share price increase over 100% in the past year. We are showing a 44% in the short time we have held it. So a unanimous decision was made to put our £1500 into this company.
I'LL BE BACK IN JULY. ENJOY THIS SUNSHINE
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.
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