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WHERE'S THE MARKET HEADING?


IF ONLY WE KNEW!


The FTSE 100 has clocked up its best weekly performance since March after better-than-expected UK inflation data fuelled hopes that interest rate hikes will not rise as far as had been feared. This gives us all hope that perhaps the worst is over.

The index is currently sitting at 7663 - remarkably similar to July 2018 when it was 7701 - a long way before Covid hit, followed by the Russian iinvasion of Ukraine.


So to our shares:


Cornish Metals: Cornish Metals has exposure to Cornwall’s lithium. Copper, tin and lithium are fundamental to growth in the technology sector and the transition to a low carbon economy and are used in key fast growing technological applications including batteries, robotics, solar power, 5G and cloud storage.

Last month we were lamenting as to where this company's share price was heading. But this week it rallied from 11p to 13p. So we are feeling a little more positive about this share.


Dechra: Veterinary pharmaceuticals company Dechra announced it has agreed a £4.5bn buyout by Sweden’s EQT, in what would be one of the biggest UK private equity deals this year. Investors signed off at a price of 3875 per share. It is hoped the deal will be completed by the end of this year. We initially bought into this company when the share was sitting at 2961, and although we added to our investment at a higher price, we will still come out of the deal smiling.


Segro: the leading owner, manager and developer of warehouse and industrial space, has completed the acquisition of 419 hectares of land at the location of the former Radlett Aerodrome in the Upper Colne Valley, Hertfordshire. The land is strategically located close to the M1, M25 and A1(M) and sits alongside the Midland Main Line railway.

Whilst we were concerned about this stock a few months ago after reports that storage units were not being fully utilised due to the current downturn in the economy, we are buoyed up by this news. As was the share price which rose almost 10% last month.


Unite Group: Provide homes for 70,000 students, across 162 properties, in 23 leading university towns and cities. The accommodation is high quality and affordable as well as safe and secure.

Currently reservations are at a record high. However, due to increased demand, Unite have increased their rents whilst their property portfo Increased 1.2%. Good for investors but not students. The share price rose 11.5% this month. We are showing a 27%+ profit.


Qinitec: Manages and operates extensive testing and evaluation capabilities for air, land, sea and target systems. Although the share price is down over last 6 months, bullish recommendations have been published.

It has been voted top work place by Washington Post.

It is asset light and undervalued at present. We are treading water on this share, but will hold for the moment.


Vestas: Vestas is among many manufacturers who have had to raise prices as they struggle with higher commodities costs and supply-chain constraints that have rocked the industry over the past two years. We are disappointed with our investment in Vestas, however will hold as, surely, it has to come good eventually!


DECISIONS:

Once again we held on to our money. We decided that our portfolio is too varied and too large. So at our August meeting we are going to sit down and have a good "spring clean". I will report on our decisions next month.


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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