Here is the article written by SAGA for the March edition of their magazine.
We were delighted they had chosen our group to try to encourage women, especially older women, into the investment market.
"Age is just a number, it's your mental attitude that counts"
We are sometimes bad at knowing the best time to sell our shares and hold on for too long: However, last month we sold Morgan Sindall, the construction group, and Ocado.
It's always interesting to reflect on how "sold" shares have performed after selliing off.
Initially Morgan Sindall's share price rose slightly last month on their announcement of good results but then fell back to where they are today. We sold at around 1684 and they are now sitting at 1636.
Ocado's share price was sitting at 631 when we sold in February, they have now fallen to 430.
So we are pleased with our decision to sell both these shares.
SHARES:
Ceres Power: A leading developer of clean energy technology enabling the world's most progressive companies to decarbonise at scale and pace.
We have held on to this share even though the price has fallen from 770 last March, to 329 March 2023. A very disappointing result!
However a headline seen recently read that “the Bio Energy market has grown significantly by the leading players “ one of which they named Ceres.
Green energy has to be for the future. So having lost 70% of our small holding, we will hang on in there.
Tristel: Another small, AIM, chemical company we invested in. It has not performed as well as we hoped, mainly due to the pandemic and a slowdown in hospital mainstream operations. However at last it is back on track and made a 6 month profit of £2.4m compared to a loss of £1.2m last year. Revenue growth seems to be improving and their costs falling. In 2021 it reached a price of 637 but is now sitting at 324. Over the past 5 years its share price has risen 20%.
We have high hopes that Tristel will continue to recover. Forever the optimists!
Unite Group: is the UK's largest owner, manager and developer of purpose-built student accommodation serving the country's world-leading Higher Education students.
The company recently reported increases in both full year revenue and profit
as demand for student accommodation rises.
83% of their rooms are sold for 2023/24
Their share price in 2018 was 811. It rose to 1285 in 2022 but is now sitting at 875. Although only showing an 8% rise in the past 5 years, it looks promising for the future. A good solid company and one to hold.
Vestas Wind Systems: Although this share price is showing a small loss of 2% over the past year, it has risen 26% over the past six months and is showing a 115% profit over the past 5 years. A definite hold and surely one for the future.
Decisions:
Over the many years we have held Croda International we have managed to build up a large holding in this company. We decided it was time to sell some of these shares and to invest more money into BAE Systems.
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.
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