CERES POWER: A leading developer of clean energy technology; electrolysis for the creation of green hydrogen and fuel cells for power generation. Ceres’ solid oxide platform technology supports greater electrification of their energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries.
The China Dolls bought shares in this company back in 2021. The price at that time was 1176.60 - oops! By april 2024 this price had dropped to 234 giving us a significant loss of 78%. We are again thankful that we only initially invest in small sums, this time £2000.
However there is light (is it electric?) at the end of the tunnel. Over the past six months this share has risen 71%
Recent articles have been seen in the news giving us hope that this company is on the up.
Holding on in anticipation.
ITM POWER:
We really had our head in the clouds when dipping in to these future energy AIM companies.
Here's another one.
ITM Power - their statement reads as follows:
Green hydrogen is the only true net-zero energy carrier, making it one of the best solutions to tackle the carbon crisis and create a clean, green future.
After 24 years of research and development and pioneering innovation, ITM is offering the most advanced PEM electrolyser technology in the world. Now a high-volume manufacturer we are already the supplier of choice for industry-leading customers.
Over the last year, ITM Power shares have traded in a share price range of 43.20p to 78.04p.
It currently has 617,370,989 shares in issue. The market capitalisation of ITM Power is £293 million and it has a price to earnings ratio (PE ratio) of -11.19.
We bought shares in ITM in 2020 at a price of 312p. It is currently sitting at 50.35p showing us a loss of 85%.
Maybe one day this will come good for us.
It's not worth us selling, so a definite HOLD.
ON A MORE POSITIVE NOTE:
Of our 21 investments -12 are in profit - 9 of them significantly. I have highlighted the companies which we have held for many years. Other companies, which are not listed, are showing a modest profit.
BAE 40%
BHP 32%
Costain 31%
Croda 49%
Fevertree 56%
Halma 31%
The Property Franchise Group 23%
Unite Group 30%
Warpaint 44%
DIAGEO:
There has been a lot written about Diageo over the past few months and we have deliberated whether to sell or hold. The share price has fallen12% over the past year. But over the past month it has risen 7%
So at last there has been some upward movement.
A positive recommendation was given recently from Hargreaves Lansdown, who commented that it has been oversold. We are hoping they are proved correct. HOLD
A few of our recent purchases have been surprisingly slow burners.
Shell- showing a loss of 11%
Legal and General - showing a profit of 1.5%
Relx - showing a profit of 3.5%
The Stock Market is a game of patience which, over the 25 years we have been trading, we have learnt to accept.
See you 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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