Analysis of Hannover Rückversicherung 2014

Company: Hannover Rückversicherung

ISIN DE0008402215 | WKN 840221      

Business: A German reinsurance company. Nothing much has changed since the last analysis so it is divided into two business group but this time it is: P&C Reinsurance (with a subdivision that focus strongly on North America, Germany, Austria, Switzerland, Italy and French speaking countries) and the second one is Life and Health Reinsurance. The two division have fairly equal revenue size.

Active: They claim they are one of the leading reinsurance companies in the world with world wide presence.

P/E: 8.9

Fighting the Finanzamt (the German IRS)

There is one rule in the German tax regulation that I find utterly stupid and I hope that they one day will remove such nonsense. The rule is that if you go for a job interview somewhere (and this can be to any country so no restrictions to Germany only) then part of the cost for the trip as well as your stay is deductible from your taxes. Utterly stupid!

The benefit for the German government is that few people seem to know this and therefore also do not take advantage of it. I previously did not know about it but now I do.

So these days I always make sure to book a job interview meeting so that I am able to deduct the trip from my taxes. Sure it does not always work out to get a meeting but many times it does and then I also deduct that trip from my taxes.

Analysis of Aurubis 2014

Company: Aurubis

DE0006766504 | WKN 676650

Business: A German company with main focus on the production and recycling of copper. They have three business units that are the same as before: Primary Copper (production of copper and copper cathodes from raw material meaning copper ore), Recycling/Precious Metals (are producing copper cathodes from recycled copper in electronic equipment etc. as well as precious metals are then also being recycled) and finally Copper Products (value-added chain of copper products making wires, rolls and rods).

Active: Production sites in Europe and the US and product sales besides from the two mentioned also in Asia.

P/E: -11.5 (P/E5: 11.0)

Dividend from Intel: September 2014

Always nice to get some dividends dropping in during the darkening autumn. The few euros received will almost pay for my share of the electricity bill during one month so that is great!

For each share I once again received 0.225 $ which gives me for my 100 shares 22.5 $. The conversion rate is this time in my favour and was 1.3147 which means I got 17.11 € in dividend. From that I end up paying 15% taxes so 2.57 € and I end up with 14.54 € as cash on my account.

If you want to see more about Intel then please go here for the analysis of Intel 2014.

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

 

Analysis of Agroton 2014

Company: Agroton

ISIN US00855P2092 | WKN A0YBZZ

Business: An Ukrainian agricultural company that is a diversified with the core business being crop production which means principally sunflower seeds (#1 in Ukraine) and wheat (#4 in Ukraine), they also have the processing, storage and sale of such crops. In addition, the Group is engaged in livestock (chicken, beef, pork) and food processing (milk, cheese, bread etc.).

Active: Eastern Ukraine currently harvesting 151,000 hectares.

P/E: -4.1 (P/E5: 4.8)