That's the question - but what's the answer?
Looking at the China Dolls portfolio for the year 2024, we seemed to have made little progress.
SOLD SHARES:
We sold a few shares over the year and checking on them now, we appear to have made the right decision:
Agronomics: We sold at 10p now sitting at 3.95
Cornish Metals: We sold at 10p now sitting at 8p
JD Sports: We sold at 173p now sittng at 94p
Tristel We sold at 430p no change - still 430p
REPORT ON A FEW CURRENT SHARES:
COSTAIN:
Is a construction, consulting and digital partnership: bringing together a mix of experts to engineer solutions to the most complex infrastructure problems. They anticipate and solve customers' challenges, helping them deliver their strategies and progress their business plans.
Their commitment to create a connected, sustainable, infrastructure is core to their activities across road, rail, integrated transport, energy, water, defence and nuclear energy.
Costain is a relatively new aquisition to our portfolio: And, having added to them over the year we paid an average price of 77p. They are now sitting at 103p giving us a 34% profit.
We are HOLDING this share.
DIAGEO: What is going to happen to Diageo? We paid an average price of 2741 - the share price is now sitting at 2395 showing us a current loss of 12%.
However, with Christmas approaching and the weather worsening, we are optimistic that the drinks market may benefit! Brokers are confident that the share price will settle down and earnings will recover. We are holding for the moment and may discuss in early 2025.
TRAINLINE: What a month Trainline have had: their profits have soared as net ticket sales grow more than 10% in the month.
Their annual revenue is up 20% to £397 million in 2024.
Around two thirds of Trainline’s business is with British Consumers, with the remainder split between journeys in mainland Europe and corporate customers. It is the biggest app service of its kind in Europe. In the UK alone it has more than 12 million monthly active users.
The China Dolls have been loyal to Trainline thoughout their difficulties and are hoping that the share price continues to rise. Our average share price is 511 - it is currently sitting at 406p showing us a loss of 20% We are holding.
LEGAL AND GENERAL: L&G plan to axe jobs in a new asset management division following a restructuring earlier this year. The insurance company is attempting to cut costs and boost their returns. Some of their employees could be moved to other positions within the company which employs more than 12,000 people globally. This is a very new aquisition to our portfolio and we are currently showing a 2% loss. Nothing to be concerned about.
We are holding: The share price is currently sitting at 221p
HALMA: One of our star shares.
Halma are a group of small to medium sized technology businesses who are united by their purpose. They range from hi-tech software companies to hardware companies operating in the safety, environmental and healthcare markets. Many of them are founder-led companies who have chosen to join Halma to help them grow. Their unique model attracts these privately owned businesses, as they can help them get to the next level of growth, while retaining their unique brand and culture.
We have added to this holding over the years - our average share price is 1947p. The current price is 2694 giving us a paper profit of 39%
Their share price has increased 28% over the past 12 months.
We are holding.
DECISIONS:
No decision was made to sell or buy any shares this month.
We are holding on to our pennies so that we can enjoy our Christmas lunch at
THE JETTY RESTAURANT
SITUATED AT THE CHRISTCHURCH HARBOUR HOTEL, MUDEFORD.
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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