NOT JUST THE WEATHER! A BUDGET IS LOOMING!
What better way to spend a stormy day here on the South coast than to write our October blog.
WARPAINT: Warpaint sells cosmetics under the lead brand names of W7 and Technic.
W7 is sold in the UK, primarily to major retailers and internationally to local distributors or retail chains. These cosmetics are aimed at both women and men.
We initially invested in this share in 2023 but have added to it as we watched it rise. Over the past year the share price has risen 87%, an amazing success for a new company. Our holding on average has risen 35%. We are holding on to this one and invested a further £1500 this month. https://www.w7makeup.co.uk
Warpaint closed at 554p at the time of writing.
UNITE GROUP: Another of our success stories.
The company was founded in 1991
A report seen in the Times newspaper indicated that the outlook for Unite over the next academic year was positive, with growth of 8.2% fuelled by a record number of undergraduate students.
It is anticipating rising rents by 4-5% in the next academic year, with top London rooms fetching £500 a week.
Unite is still tackling the cladding problems on some buildings with approx. 12 more to be completed next year. Claims against contractors this year so far total £24 million.
We've invested in the Unite Group many times over the past few years and now have a substantial holding. We are showing a profit of 25% at the time of writing. A definite hold.
Unite Group closed at 932 at the time of writing
SEGRO: Segro has continued to perform well during the first half of 2024, signing £48 million of new rent contracts," commented Chief Executive David Sleath. He continues:
"The balance of supply and demand for modern warehouse space remains supportive of further rental growth and development gains in the attractive European markets in which our portfolio is concentrated."
Looking ahead, Segro claims to have one of the best and most modern industrial and logistics portfolios in Europe, with high demand for its assets from potential occupiers due to a shortage of modern and sustainable space in the locations where it operates
Over the pandemic period the China Dolls showed a good profit margin on our investment in Segro, however we are now just breaking even. Although the share price has risen 20% over the past year, it recently dropped by 4%. We are still holding on to the share.
Segro closed at 835p at the time of writing.
CERES POWER: Just to follow up on my report in September on Ceres:
We were delighted to see the share price jump from 192 to 247 this month.
However it has fallen back down to 230 at the time of writing.
Below is a report from Goldman Sachs on Ceres.
The stock has gained around 40% year-to-date, a contrast to the broader trend among European electrolyser and fuel cell peers, which have seen average declines of about 20%Goldman Sachs highlighted that Ceres' share-price performance has led to a premium valuation.
Goldman Sachs acknowledged Ceres' strong business momentum. The firm highlighted the company's achievements this year, noting that “Ceres is well-positioned thanks to the commercial acceleration observed in 2024 with three major license deals announced so far this year, indicating strong business momentum and enhancing visibility on the company's revenue outlook.”
The analysts believe that while Ceres has built positive momentum, the valuation premium now limits the stock's upside potential, prompting the change in rating.
DECISION: No selliing this month. We invested a a further £1500 in Warpaint
Our Treasurer was delighted with another bumper month for dividends.
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.
Yorumlar