SPRING IS IN THE AIR
There appears to be an optimism that we are gradually coming out of the pandemic situation. It won't be long before things start to open up, and hopefully we'll be able to see if the vaccine programme will stall the rise of Covid19. The China Dolls can't wait to see each other face to face. An outside meal may replace our zoom meetings - definitely something to look forward to.
We discussed all of our shares as usual during our Zoom meeting. Each of us reporting on the shares we follow:
Unite Group: This share is holding up despite the lack of University attendance. They continue to look after their students and have announced a further extension to the 50% rent discount until the end of March. We are showing a 70% profit.
ITM: I mentioned this share last month and we continue to be positive about it.
The company are recruiting 80 engineers at its Sheffield facility in order to meet growing demand for its green hydrogen production products. There was an excellent article written by Tempus on 17th March about ITM Power. This was linked to an article on a company called Ceres which designs fuel cells that convert hydrogen back into electricy. The future beckons for both companies.
FeverTree: Having jumped on the bandwagon of this company early on when it floated, we have done extremely well. The share price hit the heady heights of 3831 in September 2018 it has now settled around the 2150 mark. However it was a recommended buy last month so perhaps there is more movement to be had. We are holding on.
SmithDS: There are rumblings of a takeover of this company by the American firm and rival Mondi. We are watching with interest.
Agronomics: This share is exceeding expecations. Should we buy more?
Prudential: A stella rise for this share in the past couple of months. The company is going to split from its American side of the business to focus on Asia and Africa. The share price has risen from 1172 to 1524 today. Holding on to this good solid share.
Homeserve: This is a great share. It provides assistance to over 4 million households in USA and Canada. To date they have completed over 625,000 repairs to households with 4.7 out of 5 star reviews.
Ocado: Pam S. follows this company noticing a slight slump in its share price. There is concern that once things open up, many people may cease to use Ocado's delivery service. Pam will keep an eye on this. One to discuss at the April meeting.
Decisions: With our money in the bank from the Codemasters take over, we had a little money to spend. We decided to invest more into Agronomics and Homeserve. And we couldn't resist adding another share to our portfolio by buying £2000 of Ceres.
Enjoy this beautiful spring weather. See you next month.
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.