MüRe annual report 2014


MüRe, annual report, 2014, front page

The share price was circulating around the zero which was in a way bad news since the rest of the market was higher. I must say that this report left me with a bit of a bitter taste...

Dividend from DBAG: March 2015


DBAG, a Germany private equity company

Deutsche Beteiligungs AG made a massive pay out this year since it became ordinary + extra payment so the total size became 2 € per share.

I currently hold 100 shares in DBAG which means that I received a total dividend payment of 200 € in cash to my broker account. This gives a YoC of 9.93% which I find very impressive! Well done DBAG! Oh, and I paid no taxes on it since I am still within my 801 € of free capital gains.

To find out more about DBAG please click on analysis of DBAG 2015.

To check out my current dividend payment history then please visit the Stock Dividends page which has now been updated.

Analysis of DBAG 2015


DBAG, A German private equity company


ISIN DE000A1TNUT7 | WKN A1TNUT

Business: A German private equity company. Their focus lies with the management buy out of small and medium sized companies that have excellent products. To see their full company portfolio then please click here.

Active: Germany, and surroundings. Companies are sometimes more globally oriented.

P/E: 8.9

DBAG annual report 2014


DBAG, annual report, 2014, front page

This was one of those moments... When I did not follow up as I should have done. The report has been around for a long time and I have simply failed to report on it. I thought that I read it and I am certain that I read about their decision to shuffle out money to me which made me pretty excited and therefore I assume that also the market got excited upon the release of the report. What was then in it?

Analysis of E.On. 2015


E.On, a German energy provider

Company: E.On

ISIN DE000ENAG999 | WKN ENAG99

Business: A German energy provider and electricity producer. They are currently having ten different business areas: Renewable Energy, Conventional Generation, Energy Efficiency, Exploration & Production, Gas Supply, Gas Storage & Transport, Trading, Distribution, Sales and finally Technical Services. The change in business areas are hopefully to smooth the separation of the green energy and the conventional energy that they plan to do.

Active: They are present in several countries in Europe as well as in Russia and in Brazil.

P/E: -9.0 (P/E5: 27.9)

E.On annual report 2015


E.On, front page, annual report, 2014

The share price of E.On has lately been going down, down, down and no wonder when the clowns keep running the puppet show. I no longer remember exactly what the market response was but no matter what it was it should have been down by a significant figure! What was then in the report?

Dividend from IBM: March 2015


IBM, an American internet service company

The dividend from IBM have dropped in and as always it is a pleasure to get dividends but with a weak euro it is even more pleasant to receive dividends in USD.

For my 16 shares I was paid out 17.60 USD which got converted to 16.35 €. On this they took 15% taxes (2.45 €) and I ended up with 13.90 € in cash on my broker account.

To know more about IBM please click on analysis of IBM 2015 and to check out my current dividend payment history then please visit the Stock Dividends page which has now been updated.

Analysis of Adidas 2015


Adidas, a German sport brands company

Company: Adidas

ISIN DE000A1EWWW0 | WKN A1EWWW

Business: A German sports brand company that are delivering state-of-the-art sports footwear, apparel and accessories. The most well known brands are: Adidas (sport), Reebok (sport), TaylorMade (golf) and Rockport (casual footwear). In 2014 due to that Germany became world champions in football they are profiting from sales of everything around that. They are also on their way to sell Rockport.

Active: In 160 countries world wide with their over 53,000 employees.

P/E: 29.6