SELL IN MAY AND GO AWAY: is an old share adage which many people still adhere to.
But not us China Dolls. We tend to buy for the long haul which has served us well.
Pam S. our long standing treasurer gave a short resume of our trading year:
"As a group we are a little more adventurous with our trading and have taken some risks with Aim shares we believe in which has paid off. Our portfolio has risen by 32% compared with the FTSE index which has only risen 16% over the year."
So we've ended our financial year on a high and are looking forward to our 22nd year together when, hopefully, we can continue with our face to face meetings.
Our Chairperson, Mary, also gave an interesting resume on our years trading.
RESUME OF THE CHAIR PERSONS REPORT:
"Another very different year. All our meetings have been on Zoom. I have no idea as to how we would have managed without it: it also meant that Chris, who now lives in Ireland, was able to take part meaning our attendance has been almost 100% over the year.
We have held 18 shares for the whole of the year.
BHP Billiton, Croda, Dechra, Diageo, Fevertree, Genus, Halma, Homeserve. IES, Ocado, Prudential, Reach, Segro, Simec, D S Smith, Trainline, Tristel and Unite.
Of the shares sold the biggest losses have been on Hurricane, Tullow, Science in Sport and Cloudcall.
Many of our new shares are in the “green” sectors. Food and power in particular."
We then held our election of "officers" positions:
Pam S - to remain as our Treasurer - we could not possible let her relinquish this post!
Hazel - has taken over the position of Chairperson from Mary
Pam G - continues as Secretary
Chris - continues as resident "blogger"
AGRONOMICS: Our decision to purchase Agronomics has proved very fruitful and we are looking at a 48% profit in the short time we have held this share. Agronomics are offering investors new shares at 22p (current price is 28p) - so we have put in our application but won't know until 1st June as to whether it is successful. We will let you know next month.
BHP: One of our "solid" shares where we are showing a profit of 60%. It is one of the biggest mining groups in the world and as Iron and copper is currently at a high demand we continue to hold onto this share.
DIAGEO: We purchased this share at the beginning of the pandemic last year and it has proved a good holding. We are currently showing a profit of 46%.
GENUS: This was one of the first shares we bought back in the year 2000 and we are showing a profit of 140%. However this month the share price fell from 5235 to 4750. Will Genus now stall in this new growth of our non meat world? The decision was made to sell £3000 of our profit in Genus to enable us to increase our application in the Agronomics share offer.
SYLVANIA PLATINUM: Another of our "new" shares purchased in January 2021 which are showing a 23% profit.
SURFACE TRANSFORMS: Purchased in February 2021 and showing a 30% profit.
They are a company continually developing new processes for the production of carbon-ceramic materials and new products for various applications.
SHARES WE HAVE A SLIGHT CONCERN OVER:
CERES: We are disappointed with the performance of this share and are showing a loss of 19% since our purchase in March. However it is early days and we will hang on in there!
TRAINLINE: We have been discussing selling our holding in Trainline for months now and having read the following statement in the news last week we wished we'd acted upon our feelings!
"Shares in online rail and bus ticket firm Trainline have plunged after news that a new state-owned body is to sell rail tickets.
Under a shake-up of the rail sector, Great British Railways will sell tickets via a website and app, in competition with multiple companies.
It will also set timetables and prices and manage rail infrastructure.
Trainline shares dropped 34% before regaining some ground in early trading."
We feel that it may have been oversold and will hold until next month to see if it recovers some of its losses. Hindsight is perfect sight especially in the stock market.
THAT'S IT FOR THIS MONTH
SUMMER WILL BE HERE SOON
TAKE CARE EVERYONE
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.