After much deliberation about the company Warpaint London, we finally took the plunge and invested £1500 - well we know it's not a lot of money, but us China Dolls are a cautious lot! We start off small and then add once we are confident about our decisions.
Warpaint London supplies high quality cosmetics at affordable prices under the lead brand names W7 and Technic.
You can check out this company at https://www.warpaintlondonplc.com/about/our-story
We then continued with the "clean up" of our portfolio.
ABDynamics - which has been static for months
Qinetic - We felt this company was closely aligned to BAE. Qinetic share price has fallen 5% over the past year - BAE has risen 25%. So selling Qinetic and investing that money into BAE seem like a good idea to us!
Dechra: This share has risen substantially since a takeover was agreed, however it has now stagnated. We felt it would be a while before any further upward movement.
LEGAL AND GENERAL:
Having seen a very upbeat article in the Times newspaper we decided to invest in Legal and General. We actually purchased some shares after last months meeting and are currently 3% in profit! We are hoping it continues on its upward trend.
The company has a market capitalisation of £12.913bn.
Its dividend yield is 9.07%.
It covers retirement, investment management, capital investment and insurance.
The company has a global presence but most of its assets under management are derived from the Uk and Europe Legal and General Group PLC.
This company continues on its upward path with many contracts being issued just in the past month:
The US army awarded a $797 million contract for the Armoured Multi-Purpose vehicles
Their BVIO All-Terrain Vehicle is to be made in alliance with India.
Sweden awarded a $500 million contract for 48 Archer Artillery systems
RAF awarded a contract to develop its Strike 11 Helmet Mounted display
New underwater system to be launched next year
BAE and Qinetic collaborate on autonomous uncrewed air systems
So having sold Qinetic we now have a substantial holding in this large company.
Tristel is an infection prevention company. The purpose of their business is to develop innovative solutions to prevent the transmission of microbes from one object or person to another. They achieve this by applying a powerful biocidal chemistry – chlorine dioxide – to a target environmental surface or medical device. Tristel is one of a very few companies worldwide that can legitimately claim to be exclusively an infection prevention business.
We initially invested in Tristel at the start of the pandemic, during which it suffered due to hospitals not performing routine operations.
However its share price has risen 30% during the past month. So although we are not showing any profit, we decided to stand by this company and invest a little more.
It is the weekend of the Equinox - a time of change from summer to winter.
Equinox descends from aequus, the Latin word for "equal" or "even," and nox, the Latin word for "night"—a fitting history for a word that describes days of the year when the daytime and nighttime are equal in length.
Is this a sign for a change in our economy?
This week the Bank of England did not CHANGE our interest rates for the first time in almost two years. It can only be good news for all concerned (well perhaps not retired investors). It will be interesting to see what the bank does in November.
That's all for now.
See you in October.
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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