OCTOBER NEWS
CORNISH METALS: Much has been happening with Cornish Metals this month.
The company has successfully secured commitments for a £135 million fundraising to advance its South Crofty tin mine in Cornwall towards first production in mid-2028, with major backing from the National Wealth Fund, Vision Blue Resources and commodities giant Glencore.
China dolls were not able to secure any further shares in the company - the offer was made to restricted brokers.
At the time of writing the share price is 75p
The company has discovered deposits of high grade tungsten, a rare chemical element which is used in the production of electric car batteries. The discovery has come when tungsten has become a strategically significant mineral in the Western world. Discovery of copper has also been made.
Analysts recommend a STRONG BUY opportunity with a price forecast of between 228 to 303.
We do not hold many shares in this company and are showing a small loss of 10% at the moment.
It is a speculative share. However it is encouraging to see Glencore taking a position.
We are HOLDING. Perhaps we should buy more!
HALMA: Halma is a global group of safety, environmental, and healthcare technology companies
The share price has dropped from 4880 earlier in the summer to 3244.
However it has a consensus Buy or Moderate Buy rating from analysts, with an average 12-month share price target around 4,400 to 4,550 GBp
The China Dolls have held this share for many years and are showing a paper profit of 69%
We are HOLDING.
LEGAL AND GENERAL:
Legal & General is one of Europe's leading asset management and insurance groups
Share price at the time of writing is sitting at 299
The company confirmed on Wednesday that it plans to cut around 1,000 jobs by the middle of next year as it looks to simplify the business.
It reported a jump in first-half core operating profit as it highlighted a strong performance in asset management and said full-year earnings per share growth would be above guidance.
L & G share price is expected to hold at the current level. It offers a high annual dividend of
over 7% which is attractive to many investors.
We are HOLDING.
RELX RELX is a global provider of information-based analytics and decision tools for professional and business customers, enabling them to make better decisions, get better results and be more productive
The share price at the time of writing is 3039p showing a rise of 20% over the past month.
The 12-month analyst consensus price target for RELX ranges from approximately 3,394p to 3,478p, representing a potential upside of roughly 13% to 17%
We believe this is a long term investment which will prove to be a positive one.
We are HOLDING.
ROLLS ROYCE:
Rolls-Royce Holdings Plc designs, develops, manufactures, and services integrated power systems for use in the air, on land, and at sea. The company operates its business through following segments: Civil Aerospace, Power Systems, Defense and New Markets.
The share price at the time of writing is 1164p
The company reported it is days away from locking in a UK government subsidy of between £100 million and £200 million to build and ground-test a demonstrator for its UltraFan 30 engine — the company's first serious narrowbody play in over a decade and a direct bid to challenge the CFM International and Pratt & Whitney duopoly that has controlled the single-aisle jet engine market for years.
This is another strong company.
We are HOLDING
DECISIONS:
We held on to all of our shares.
But with a little money in the bank, we made the decision to invest £2000 into Marks and Spencer. This was based on the fact that their winter fashions appear to be selling well, and with Christmas approaching their food halls will be buzzing.
That's all our news for this month.
Thanks for reading.
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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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