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MARKING TIME



There are occasions when you just have to sit and wait for the market to recover -

this is one of them.


Our portfolio is recovering and we just have to be patient.


BHP Group Limited

One of the world's largest mining companies. We have held this share for years and are showing a handsome profit. Yes, it has fallen back from 3019 in April 2022, to where it is today 2387, but it is recovering.

The share is showing an overall 65% profit over the last 5 years. We have held it for longer than that and our holding has risen by 76%.

BHP recently posted a large rise in profits on back of coal prices and will return $9 billion to shareholders. They have managed to reduce their debt over the last year and paid out record dividends. It is in good financial shape. We are holding.


Croda International:

Croda are a focused Life Sciences and Consumer Care company, their smart science is found in products that touch our lives every day from life-saving pharmaceuticals and sun protection to crop yields and seed enhancement.

What a roller coaster this company has been on over the past year.

December 2021 their share price stood at 10115 - the China Dolls were delighted as they had held this company for over 20 years, buying it at under 3000. But by June 2022 the share price had fallen to 5908. This is our largest holding (not Diageo as I mistakenly said last month!) and we are very positive of their ability to recover. It is now sitting at 7212 - on the upward path.


Morgan Sindall

A large construction group which is geared towards UK demand for affordable housing, regeneration of towns and cities, and investment in public, commercial and social infrastructure.

We are showing a slight loss since buying this share, however it is a strong, solid company. The share has risen 46% over the past 5 years reaching its height in September 2021 of 2645, before falling back to where it is now, 1826. We are hoping it will regain its losses and put us into profit before too long.


Segro

SEGRO is a British property investment and development company. It develops and invests in property located in the UK and Continental Europe focusing on supplying big box warehousing for storage. We purchased our shares in the company at the beginning of the pandemic when the price was 77, purchasing more shares in October 2021 at a price of 1258. It continued on its upward path to reach 1436 in December 2021 but has since fallen back to 1025: This still shows us a profit of over 25%. We are holding.


DISCUSSION:


Somera Enterprises: We were very keen to invest in this company having followed it for a couple of months, in fact one of our members invested privately and is showing a nice profit.

However the share is quoted in US dollars and each of us would have to complete a W8-1MY form........added to this it would show on our annual club tax return as "overseas income" . We made the decision as a club it was too complicated and decided not to buy.


BAE Systems: We are very pleased with our purchase of these shares.

JPMorgan were quoted as saying "We expect higher global defence budgets (US, Europe, Asia) as many countries prepare for new geopolitical realities and seek to reverse under-investment in defence since 1990. A very positive outlook for this company "

As is our usual policy, we initially invested only a small amount into this company. so we have now added to our holding.


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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