Dividend from Deere and Fast Retailing: November 2016

Deere, logo, 2016

For my 30 shares in Deere I received a total of 16.28 € and from this was taken 2.44 € in taxes which left me with 13.84 € in cash on my broker account.

To find out more about Deere then please visit analysis of Deere 2015.


Fast Retailing, 2016, logo

For my 6 shares in Fast Retailing I received in total 8.55 € and from this 1.31 € was taken in taxes which left me with 7.24 € on my broker account in cash.

To find out more about Fast Retailing please visit analysis of Fast Retailing.

To see my yearly dividend earnings then please visit the Stock Dividends page that will shortly be updated.

Summary of October


October, summary, 2016


My thumb sucking did mess me up seriously. I should have sold my Adidas shares when the opportunity was there. I failed and they have dropped a lot and the pound has once again started to increase. *sigh*

I am late with this report simply due to too much to do with work.

Also... I still do not have time to keep things up as I would have liked to with this blog. I am sure that my time situation will improve again which is the only reason why I do not stop in completely. One must however always focus on what puts the bread on the table. Neither my stocks via dividend payments or my dealings with stocks are able to do this so I must push my day-time job and become better and better at performing it. This is my current focus which means I am not very active in answering questions nor in performing the analysis of requested companies. Sorry.

For the previous summary please visit Summary of September 2016 and here you can see my stock portfolio as it is.


October, 2016, invested, current

The total invested value is now up at: 87,939 € including a realised loss of -3,757 €. I increased my position in ABF.


October, 2016, holdings


The value of the portfolio is today: 82,700 € and spread out I now have around 2,546 € in cash on the account. The combined unrealised and realised loss is now at: -5,239 € (-6%) which is bad.




DAX increased slightly during October and it is now up at 10,665 points which means 1.7% which makes me beat it because I ended up with 2.2% for the running month.

Conclusion: At the moment the world is a strange place to be in and yet it has not been so peaceful as it is for a long, long time. Please never forget that even though things are strange the companies will still keep selling their products and keep making profits. I did not expect Trump to become president but he will take over and where there are / will become issues with trade then factories or outsourcing will probably be on the agenda with the US as it will be the case with the UK.

Stock bought October 2016: ABF


ABF, logo, 2016

I have for a long time been interested in increasing my holding in ABF but it always felt hard to do so due to the share price increase that I had had on that investment.

Due to all the complications with Brexit etc the share price of ABF have dropped so significantly that I decided to step in and buy some more. I now bought this in my British stock ISA account which makes everything a little complicated due to currency effects. One could argue that I can any day sell the shares and directly move it from my German EUR stock account to my British GBP so I might as well keep it as one investment under one umbrella in EUR and I will therefore do it like that... for now...

I bought 77 more shares in Associated British Foods for a total cost of 2173 EUR in that price is included 24.62 EUR in fees which is an outrage and tells me that the UK is even one step further behind Germany and twenty steps behind Sweden when it comes to the general public holding shares in companies. I now hold 177 shares in ABF with a total cost of 3849 EUR or 21.75 EUR per share including the various fees.

To find out more about ABF then please visit analysis of ABF 2015.

If you want to see my current Stock Portfolio then click on the link but the portfolio will not be fully updated until the end of the month.

Energy report Q2 2016


In the energy group I pushed in Cez, E.On, Enel, RWE and Uniper. The only company that have done semi good for the last couple of years has been Enel and E.On is the big value destroyer. After reading the report from Uniper I know see how E.On made themselves "clean" and  "green" after being forced to keep the nuclear. They have leased out all their nuclear plants including a lot (all?) of the liabilities to badabum! Wait for it.... wait for it.... Uniper! When a government force you to do something then as always... if there is a will then there is also a way.

Cez

Cez, Q2, 2016, front page

For the report in full please go here, to see the previous summary please visit Cez report Q1 2016 and to find out more regarding Cez then click on analysis of Cez 2016.

In the financial statement below we can see that the happy days in eastern Europe, if they ever started, have definitely started to be mixed in with some bitter sweet ones. For the running 6 months we are down with almost -6% in sales and the net incomes is down by almost -11% which is no good at all. Everything looks ok besides from this drop in sales which drags down everything. 


Cez, Q2, 2016, financial statement


Conclusion: Last quarter it looked as if Cez had things under control by having decreased costs to follow the decrease in sales. This quarter the costs seems to have caught up with them and earnings have made a significant drop especially considering that they were up at 9.9 billion CZK after the first quarter. They do however still make money which is not always the case in this line of business which means they are doing ok. I will remain a grumpy shareholder.

E.On.

E.On, Q2, 2016, front page


For the report in full please go here and to see my previous summary please visit E.On report Q1 2016 and to find out more about E.On then please go to analysis of E.On 2016.

In the financial statement below things are not looking bright. The sales keep dropping year after year, quarter after quarter. They had almost no earnings to report in Q2 and due to handing out Uniper to their shareholders we end up with a big, big minus for the period. One would have hoped that Uniper then at least looks good but we all know that hope is what dies last.


E.On, Q2, 2016, financial statement


Conclusion: Things are for the fourth year in a row looking bad for E.On and what I thought would be one or two tough years have ended up being a long running show with few viewers. I should have left a long time ago and yet I remain as a grumpy shareholder.

Enel

Enel, Q2, 2016, front page

For the report in full please click here and for the previous summary then visit Enel report Q1 2016 and to get a better feeling for Enel then please take a look at analysis of Enel 2016.

In the financial statement things are looking ok. The first reason for claiming that is because yes, they are also decreasing their sales but still Enel comes out with some good earnings and have not been forced to write down anything for the 10th time in a row so yes I am happy with this. Sales down, costs down and earnings flat.


Enel, Q2, 2016, financial statement


Conclusion: Enel is doing ok. Many other companies are forced to split up their business but Enel does not have to do this which means that their future progress might be even better and they will for sure jump up on the list of largest European energy providers.

RWE

RWE, Q2, 2016, front page


To read the report in full please go here, to see the previous summary then click on RWE report Q1 2016 and to see the previous analysis of RWE 2016.

As can be seen in the financial statement below also for RWE the sales are decreasing as well as every other company. Costs are not down and with some heavy finance costs we end up with as little as 0.74 € per share which is much less than last year but then a large part of the "earnings" came from sale of business.


RWE, Q2, 2016, financial statement


Conclusion: RWE is doing so, so. They have also decided to split up their business in the future just like E.On did so we shall see when that rabbit arrive to the portfolio. I will remain as a shareholder in RWE.

Uniper

Uniper, Q2, 2016, front page


To read the report in full then please go here. Unfortunately I have neither analysed nor written any previous reports regarding Uniper.

What can I say... anything that Dr. Teyssen have kept his fingers on is apparently a company going down the drain. It is sick to see how Uniper is doing and what they are forced to take on from E.On.

In the financial statement below we see a crazy decrease in sales. We see large costs and very large depreciation. I also love to see "other operating expenses" that are in the size of 6.8 billion € and yet was apparently not deemed important enough to get mentioned in a note. We are talking about a share price of Uniper in the size of 10 € that are reporting losses in the size of -23 € for the first half of this year. Well done!


Uniper, Q2, 2016, financial statement


Conclusion: By the look of it Uniper is off to a good start helped along by our all time favourite Dr. Teyssen. I would not be chocked if they would ask their shareholders for more money soon. I need to think a little what to do with this holding.

Overall conclusion: The energy sector is still not healthy. Some of them are able to present a bit of earnings but one never knows if they have yet to do another write-down on something which makes it very difficult to be a shareholder. My contrarian thought that one could just walk in and buy any company when an entire branch drops is by the look of it wrong. One must still be very selective and maybe even more so since it does indicate that some of them could go under.

Summary of September 2016


Summary, September, 2016

Two steps forward one step back. One of my employees is mentally not very well. Part of the reason for why this employee is doing such a good job is probably due to this reason which makes it into a fine line for me to walk on. It causes a lot of headaches because in the end I am not a babysitter and employees must sometimes be expected to pull themselves together and to separate private life from work.

A guy sitting in the same position as me have started to look over everything that I and my team is doing and try to nail us whenever possible. It makes me tired to continuously defend off this kind of stupidity and I find it amazing that people even devote time on such destructive matters. I had to take a fight with him last week to start to sort him out slightly because several in my team are scared of him. *sigh*

I am once again interested in selling my Adidas shares. I find them far too expensive and once again the GBP is very low. I might end up sucking on the thumb once again on this one.

My new studies have started and I have already finished one exam. I have around 1.5 more chapters to read and then I am ready to make all the final assignments for that study. The speed of it is dreadful which makes me forget that I even have it running in the background.

I have neither added more money nor have I managed to buy something on my Stock ISA account. I plan to bring in a bit of money to it this month also but the big must is really to start buying some shares but I never seem to have the time to look into it these days.

The immigration situation of Brexit is getting more serious. Do I want to buy a house and remain in a country that does not want to have me? Sure my company would sort it all out and with ease due to my education and position but do I want to stay? Buying a house has gone from "let us do it next year!" to "hmmm... let us keep saving for it but the reason to buy is decreasing for each month so we hold on that one".

For the previous summary please visit Summary of August 2016 and here you can see my stock portfolio as it is.


Invested, Value, September, 2016


The total invested value is now up at: 85,766 € including a realised loss of -3,757 €. I made no new investments during the month but I did receive Uniper from E.On.


Current, investments, September, 2016


The value of the portfolio is today: 78,813 € and I now have around 546 € in cash on the account. The combined unrealised and realised loss is now at: -6,953 € (-8%) which is bad.


Me vs DAX, September, 2016


DAX dropped down during September and it is now down at 10,491 points which means -1.8% which makes me beat it because I ended up with ONLY -1.6%.

Conclusion: Even though my banks have once again managed to take it down to the lowest of the lowest of the third lowest level that I did not even know existed I have had some other shares to counter that such as Adidas that is very strong at the moment. Last time I spoke not so highly of Cameron and this time I will add in Theresa May for pushing what 37.3% of the population asked her to do. She does it by the book as if it was an assignment given by the teacher in third grade with a task that could be easily made. Sometimes in life one must take a step back and admire stupidity. This is one of those moments.