OR
CALM WATERS
We are hoping Rishi Sunak will get a handle on the economy so we can enjoy the latter!
It has been a turbulent few weeks since our September blog and for our share portfolio which, thankfully, recovered slightly this week.
DIAGEO: Although the price has dropped slightly this month, we are still showing a good profit of almost 60% on this share which we bought at the beginning of the pandemic.
There has been positive press coverage and broker recommendations over the month. Diageo sells more than 200 brands in 180 countries and enjoys a gross profit margin of 61%, it also pays a good dividend - (and as you are aware if you read this blog regularly, our Treasurer, Pam S, loves a good dividend!) This is a hold.
FEVERTREE: Gone are the heady days when FeverTree hit a high of almost 4000p - but we are still well in profit on this share having bought in very soon after it launched as an AIM share. Despite the volatility, Ian Cowie (Sunday Times) is holding. He says it is part of his forever fund.
The company is forging ahead with its expansion in the US aiming to replicate its UK success.
We locked in a lot of our profit on this share a few years ago but will hold on to our remaining shares for the moment. Thank you FeverTree.
HALMA: Halma is a global group of life-saving technology companies and is named as one of Britain's Most Admired Companies. Acquired IZI Medical Products and WEETECH. Halma is committed to solving some of the big problems today, reducing the impacts of climate change and ensuring people’s safety. Although the share has been a little volatile over the past year, dropping 28%, it has risen 78% over a five year period. We are still showing a small profit of over 6%, and are holding on to this share.
OCADO: A rollercoaster of a ride for this share since the beginning of the pandemic when we bought in at 1192p. By September 2020 it had reached a share price of 2819p - "bravo" thought the China Dolls. Since then however it has dropped to a staggering 471p! What a fall from grace! The upside is that we do not hold a large amount of shares so will hang on in there and hope for an upturn. We bought into Ocado for its technology - read the following statement from their website:
The Ocado Smart Platform is the world's most advanced end-to-end eCommerce, fulfilment and logistics platform. Our technology estate is both broad and deep. We build almost all of this technology ourselves, enabling integration and optimisation across the entire platform. What’s more, the competencies, technologies and IP we have acquired throughout our journey of innovation and self-disruption can be applied to solve many complex problems in the grocery sector and beyond.
We are holding on to this share.
DECHRA: We have bought into this share four times over the past few years and if you look at a five year graph it is still showing a profit of 25%. However the price is very volatile ranging over those years from 2190p in 2017,
5225 in 2022
and now 2578! what a range.
Earnings are forecast to grow 19% pa. but the number of investors into this company has decreased. We are holding for now.
DECISIONS:
We have not bought any shares for a couple of months - so we were ready to jump back on board at our October meeting.
No new shares were considered and all agreed we needed to buy into "safe and solid" companies.
We invested £1200 each into BHP and BAE
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.
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