Wednesday, August 2, 2017

Summary of July 2017


Summary of July 2017

The strange situation continues at work which means that I have started to look around for a new job somewhere in Europe and in countries that will remain within Europe. Last time it took me a bit over a year to find a new job and the fact that the pound is down by -20% is helping me in this decision. Additional help comes from that I am getting more and more non function related assignments that are currently costing me so much time that I am not able to lead my team in a, to me, acceptable way.

My stocks seems to have been a bit more defensive than DAX during these two last months which I like to see but two months is nothing considering how long the race is so there is no reason to jump up and down out of joy.

For the previous summary please visit Summary of June 2017 and here you can see my stock portfolio as it is.

Invested versus current value July 2017

The total invested value is now up at: 89,217 € including a realised loss of -551 €.


Current portfolio July 2017

The value of the portfolio is today: 97,628 € and spread out I now have around 6,800 € in cash on the different accounts. The combined gain is now at: 8,411 € (9%) which is not as good as one would have liked.

Me vs DAX July 2017

DAX have ended up having a good run and is now up at 12,181 points which means an decrease of -2.4% which should be compared to my own stock portfolio that decreased with only -0.1%.

Conclusion: Second month in a row of me beating DAX. Great if it continue but I doubt that it will.

Saturday, July 29, 2017

Dividends from Nike, ABF and Enel: July 2017


Logo of Nike 2017

For my 40 shares in Nike I received a total of 6.34 € and from this was taken 0.95 € in taxes and I was left with 5.39 € as cash on my broker account.

To find out more about Nike then please click here.


Logo for ABF 2017

For my 177 shares in ABF I received a total of 22.66 € and all of it was paid out as cash on my broker account.

To find out more about ABF then please click here.


Logo of Enel 2017


For my 450 shares in Enel I received in total a value of 40.5 € and from this was taken 10.53 € in taxes and I was left with 29.97 € in cash on my broker account.

To find out more about Enel then please click here.

To see my total dividend flow then please visit the Stock Dividends page that will soon be updated. 

Monday, July 3, 2017

Summary of June 2017


Summary of June 2017


During the month of June my summer vacation arrived and passed. I managed to see family and some friends which I appreciate a lot and I managed to improve my summer house by sorting out some things that needed immediate attention. There will always be things left but I hope that the older my brothers children will be the more he will be able to do with the house with, hopefully, the assistance of my father.

June was a roller coaster in terms of portfolio valuation. It went up very strongly and I was even over 100k € in valuation for a couple of days before it dropped like a stone again.

At work the situation is strange at the moment. People are getting fired or are leaving in our most important business unit. It seems as if things are not running correctly there and in my opinion that always means cutting off the head of the snake. I do not see that happening because the managers are too emotionally attached to each other but the situation must get stabilised and quickly!

For the previous summary please visit Summary of May 2017 and here you can see my stock portfolio as it is.

Invested versus current value June 2017


The total invested value is now up at: 89,217 € including a realised loss of -551 €.


Current portfolio June 2017


The value of the portfolio is today: 97,705 € and spread out I now have around 6,800 € in cash on the different accounts. The combined gain is now at: 8,488 € (10%) which is not as good as one would have liked.


Me versus DAX June 2017


DAX have ended up having a good run and is now up at 12,475 points which means an decrease of -2.7% which should be compared to my own stock portfolio that decreased with only -0.4%.

Conclusion: DAX had a though period which means that my stocks did a bit better. This comes partially from banks (mainly Commerzbank) as well as the energy companies starting to be more appreciated by the market. It only took five years of waiting for me to start to see this happen... and I do NOT believe that this means that we are out of the woods.

Saturday, July 1, 2017

Dividends from Intel, TJX, E.ON, Uniper, IBM and BP: June 2017

Logo of Intel 2017

From my 135 shares in Intel I received a dividend of 32.68 € from which it was taken 4.90 € in taxes and I was left with 27.78 € as cash on my broker account.

To find out more about Intel please click here.
TJX also paid out their silly dividend to me in the size of 8.88 € for my 32 shares from which was removed 1.33 € in taxes and I received 7.55 € as cash on my broker account.

To find out more about TJX then please click here.


Logo of E.On 2017


For my 400 shares in E.On I received in total the payments of 84.00 € and from this I paid out 22.15 € in taxes which means that I received 61.15 € as cash on my broker account.

To find out more about E.On the please click here.

Logo of Uniper 2017

The gift that I received from E.On not that long ago in the form of 40 Uniper shares paid out a dividend of 22.00 € to me from which was taken 5.80 € in taxes and I ended up with 16.20 € as cash on my broker account.

To find out more about Uniper then please click here.


Logo of IBM 2017


For my 25 shares in IBM I received a total of 33.34 € from which was taken 5.01 € in taxes which left me with 28.33 € in cash on my broker account.

To find out more about IBM then please click here.




For my 1220 shares in BP I received 107.70 € in dividends of which all of it was paid out as cash on my broker account.

To find out more about IBM then please click here.

To see my total dividend flow then please visit the Stock Dividends page that will soon be updated. 

Sunday, June 11, 2017

Analysis of VW 2017


Logo of VW 2017


Company: Volkswagen 

ISIN DE0007664039 | WKN 766403 

Business: A German automobile manufacturer. The are still producing motorcycles, cars, trucks, large-bore diesel engines, turbochargers, turbo machinery, compressors and chemical reactors. They are however most famous for their cars and here are the Volkswagen brands. The next time you go for a spinn with your Ducati remember it is a Volkswagen you are sitting on and never forget that the many will always beat the few in the end... one way or the other. 

Active: World wide with sales in 153 countries. 

P/E: 13.4

Here you can find the previous analysis of VW 2016


Contrarian analysis of VW 2017


The P/E for Volkswagen is pretty good with 13.4 and the P/B is excellent with 0.8 which gives a very clear buy signal from Graham. The earnings to sales are not very impressive with 2% and neither is the ROE with 5.6%. The book to debt ratio is also on the low side with 0.3.
In the last five years they have shown a yearly revenue growth rate of 2.4% which is ok but also not much more which then gives us a motivated P/E of 10 to 14 which means that VW is today fairly valued by the market.
They pay out a silly dividend in the size of 1.5% which correspond to only 20% of their earnings so hopefully they will be able to keep this level unless there are any more unpleasant surprises around the corner.

Conclusion: Graham says yes and so do I. The P/E and P/B is great and they should be able to increase their earnings which will bring up the other values. The only reservation that I have is how many more costs will arrive due to the Diesel gate. USA tends to be very fast and EU is acting more slowly but they tend to get there in the end. I will remain as a shareholder but I will not buy more.