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  • Writer's picturechristine

LEARN TOGETHER and STAY CALM


It's a tough old world out there at the moment. But all we can tell you is that our average age puts us in our 70's - which means WE'VE SEEN A LOT and been through it all before. You just have to hang on in there.


Our shares:


Croda: What can we say? If you've been following our blog, you will know Croda was one of the first shares we added to our portfolio.

Over the years it has served us well and we have been reluctant to sell. In December 2022 it hit the heady heights of 10410. One of our members was very keen to lock in our substantial profit - maybe not sell all, but at least some. Did we listen - NO! We stubbornly held on. This year the share has been in steady decline and is now sitting at 5498.

Between 2017 and 2022, the stock soared to 10410, posting average annual gains of almost 20% per year. That made it one of the best-performing FTSE 100 shares during the pandemic. Since then, though, it’s all been downhill. Croda shares have given back almost all of their previous gains – so what has caused such a dramatic reversal of fortunes? A lot of the share price movement has to do with the pandemic. Croda is a chemicals company that makes products used in various things from agriculture to pharmaceuticals. During the pandemic, the company experienced a big surge in demand. Operating profits went from £236m in 2017 to £445m in 2022 and the share price responded accordingly. Since then, though, demand has fallen away. As a result, the company announced that this year’s profits are likely to come in somewhere between £370m and £400m.

HOWEVER, IT IS NOT ALL BAD NEWS FOR THE CHINA DOLLS. WE INITIALLY BOUGHT THIS SHARE AT 2611 AND HAVE ADDED TO IT OVER THE YEARS. WE ARE SHOWING A HANDSOME PROFIT OF 100%.

So yes, we will continue to HOLD


TRISTEL:

The share price increased by 23% this month, due to the US FDA appoving a grant for Tristel's Ultrasound disinfectant. - so whilst we are still showing a small loss on this share, we are holding on for the future.


CERES POWER: An article was spotted in the news this month about Ceres Power. It has been hailed as a stock market hero but also bemoaned as an investors' villain over its 22 year history.

It has moved its listing from Aim to London's main market. The article states that global trends are favourable for Ceres, with forecasts of hydrogen demand increasing. Ceres today is in a much stronger position that it was two years ago.

The article finished with predicting this share will go places and has been rated as a strong buy. So we are holding on.


CORNISH METALS: We have concerns over this share. We bought in at 14p in 2014. It rose to 27p at one stage in 2022. But again, we appear to have been reluctant to cash in our profit. We are clearly just too optimistic. The share has now fallen to 10.30p

Their chief executive stated that the South Crofty mine has reopened and good progress is being made. We will hang on in there for the time-being.


DISCUSSION:


Well, we have been very boring recently haven't we? But again we decided to hold onto our shares - not selling or buying anything during this volatile time.


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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