German inside trading: May 2014

The inside activity here in German has been fairly high during May. Generally it is an interesting month with several companies paying out dividends but there is also the saying "sell in May and go away" which I know that some people follow but I was just hoping that German managers did not think that short term. So what did then happen?

Analysis of Deutsche Telekom 2014

Company: Deutsche Telekom

Business: A German telecom company. It is divided into three groups: Consumer (Fixed, Mobile & Broadband, Cloud Services, Television), Business Customers (Information, Communication & Technology Solutions, Outsourcing & Cloud Services etc.) and finally Partner Services & Platforms (Partner for infrastructure access and network services, Platform & Cooperation projects).

Active: Still present in around 50 countries world wide but mainly in Europe.

P/E: 58.9 (even P/E is running at a negative value)

Analysis of Deutsche Post 2014

Company: Deutsche Post

Business: A German global mail and logistics company. They are divided into four divisions: Post-eCommerce-Parcel (domestic mail services and all the parcels coming from the growing e-commerce business), Express (transportation of urgent documents and goods from door to door), Global Forwarding & Freight (the air, ocean and road freight transport) and finally Supply Chain (warehouses, logistics services and value added services).

Active: World wide with presence in over 220 countries.

P/E: 15.9

Analysis of Deutsche Börse 2014

Company: Deutsche Börse

Business: A German stock exchange company. They have five business areas: Cash Market (offering services of listing, trading and clearing services), Derivative Market (same services as for the Cash Market), Market Data (data feeds, news services, indices and exchange infrastructure), Post Trading (delivery of securities, custody of securities and financing services) and finally Information Technology (software development, internal information technology).

Active: They are present in over 110 countries so they must be considered to have world wide activity.

P/E: 22.1

Dividend from K+S: May 2014

The next company to award me became K+S and by the look of it they did not like me very much. Last year they paid out 1.4 € per share in dividend and my expectation due to the problems with potash and magnesium prices that the dividend would end up around 0.9-1.1 € per share which would then have been less than 50% of their earnings last year (EPS was 2.27 €).

Instead they decided to play it ultra safe and decided to only pay out 0.25 € per share which is only around 1% in dividend and really bad in my eyes. So for my 152 shares I only received 38 € that was added to my deposit. If you want to take a look at K+S then please see the analysis of K+S 2014.

The Stock Dividends page has now been updated.

Analysis of Daimler 2014

Company: Daimler

Business: A German automobile company that is active in several segments: Mercedes-Benz Cars (Mercedes-Benz and Smart), Daimler Trucks (MB, Freightliner, Fuso etc.), Mercedes-Benz Vans (MB and Freightliner), Daimler Buses (MB and Setra) and then they have Daimler Financial Services (leasing of automobiles and financing the buy). All the brands can be found here. They also have the car rental service called Car2Go and it costs 29 ct/min at least in Berlin.

Active: World Wide. Cars, trucks, buses etc. are distributed in over 200 countries and they have production facilities on five continents.

P/E: 10.5

Analysis of Asian Bamboo 2014

Company: Asian Bamboo

Business: A Chinese company registered on the German stock market running via Hong Kong. Main business are sale of bamboo in every form possible meaning as food and wood. They recently left the bamboo fibre business and are currently trying to step into the Chinese property market.

Active: China with some sale of bamboo shots (meaning food) to Japan.

P/E: -0.1 (even the P/E5 is negative!)

Asian Bamboo annual report 2013

Since their announcement of the results for the full year 2013 the share price has dropped with around -30%. The report was awful. What was then in it?

Analysis of Continental 2014

Company: Continental

Business: A German automotive supplier that are divided into two groups: The Automotive group and the Rubber group. Under these two groups there are five divisions: Chassis and safety, Powertrain, Interior, Tires and ContiTech. These five divisions produce brake systems, systems and components for powertrains and chassis, instrumentation, vehicle electronics, tires and technical elastomers among other things.

Active: They are currently active in 49 countries world wide with their almost 178,000 employees.

P/E: 17.1

Analysis of BMW 2014

Company: BMW

Business: A German automobile and motorcycle producer. They have three units which are: BMW (also motorcycle, and the production is almost completely in Germany), Mini and Rolls-Royce (both are still produced in the UK). In cooperation with Sixth they also have DriveNow which is a car sharing system and you pay 29 ct/minute of driving. The drivers are frequently going above speed limits to pay as little as possible.

Active: They are actively selling their cars all over the world but still the main bulk of production is either in Germany or in the UK (due to Mini and Rolls-Royce)

P/E: 10.8

K+S report Q1 2014

The report was very well accepted and directly in the beginning the share price jumped up by 1.5%. During the day it then started moving slightly back again. So what was in the report then?

Analysis of NCC 2014

Company: NCC

Business: A Swedish construction and property developing company. It is divided into four business unites: Construction (mainly residential and office), Housing (develop and sell housing), Roads (aggregates and asphalt production) and finally Property Development (develop and sell commercial property).
  
Active: Nordic countries with Sweden, Norway, Finland and Denmark. Some activity in Germany and increasing in the Baltic countries as well as in St. Petersburg (very specifically and besides form that no other presence in Russia). The growth focus is St. Petersburg and the Baltic countries.

P/E: 12.6

Analysis of Beiersdorf 2014

Company: Beiersdorf

Business: A German consumer goods company. It is divided into two business segments: Consumer Business Segment (with skin and body care products such as Nivea) and the second is Tesa Business Segment (self-adhesives) .

Active: World wide with marketing and product sales in over 100 countries using 150 affiliates.

P/E: 34.9

Cez report Q1 2014

Cez came out with their Q1 2014 and the market responded with a -1.5% drop. If you want to study it in detail then please go to Cez report Q1 2014 to check it out.

Analysis of Bayer 2014

Company: Bayer

Business: A German chemical and pharmaceuticals company. They are divided into four business units: Bayer Healthcare, Bayer CropScience, Bayer MaterialScience and Service Areas (which include Bayer Business Services, Bayer Technology Services and Currenta).

Active: World wide with sales to customers and they define their presence in the world be telling how many people they employ in each continent.

P/E: 26.9

Analysis of BASF 2014

Company: BASF

Business: A German chemistry and polymer company. They are active with five different business units: Chemicals (with intermediates and polymers), Performance Products (pigments, care chemicals, health chemicals and paper chemicals), Functional Materials & Solutions (catalysts, construction chemicals and coatings), Agricultural Solutions (crop protection) and finally Oil & Gas (exploration and extraction).

Active: World wide with both production (376 sites in total) and of course with sales to customers.

P/E: 15.8

E.On report Q1 2014

E.On dropped down by almost -2% due to the news that they arrived with in the Q1 report. The E.On. report Q1 2014 in its full version. What was then in the report?

Analysis of Allianz 2014

Company: Allianz

Business: A German financial service company that offer solutions concerning insurance and asset management. They have six different products / services: Private Insurance (Car, Health, Family House etc.), Business Insurance (for both large and medium sized companies), Asset Management (fixed income products, stocks and commodities), Global Lines of Business (reinsurance, life insurance and real estate), Assistance Services (automotive, travel, health & life and property) and finally Sustainable Solutions (microinsurance and investments). What I found interesting is that they have started to call themselves a financial service company...

Active: Active in over 70 countries with 83 million clients that are serviced by their 148,000 employees.

P/E: 9.3

Analysis of Adidas 2014

Company: Adidas

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).

Active: They are present in over 160 countries world wide with their 50,000 employees.

P/E:  20.6

Enel report Q1 2014

Enel arrived with their first quarter report and the market was happy and the share price increased with over 4%. Where that response came from I really have no clue... this link will take you to the full Enel report Q1 2014.

The danger of discounts

The principle is always that the bigger the companies are, the better deals they can make with suppliers etc. and I am very certain that this is also the case. The question I ask however is why do the suppliers give discounts on deals to the big companies?

Dividend from MüRe: May 2014

Münchener Rückversicherung paid out the dividend during the month of May 2014 and it amounted to 7.25 € per share. That was before payment, and the decreased share price that automatically follow, a 4.4% dividend payment which on its own is a very nice value but in comparison to what I once upon a time paid for MüRe I received a 6.6% dividend payment. This is really good!

In the three years that I have owned MüRe I have collected a total of 369 € in dividends and the share price has gone from 109.10 € to today 156.45 €. If you want to look closer at MüRe then please see the analysis of Münchener Rückversicherung (MüRe) 2014.

The Stock Dividends page has now been updated.

 

Münchener Rückversicherung (MüRe) report Q1 2014

MüRe arrived with their Q1 report for 2014 and the report was not accepted with any ovations and instead the share price dropped by a bit over 1%.

Commerzbank report Q1 2014

Commerzbank arrived with their report today for Q1 2014 and the management was congratulating themselves while the market responded with -3.7%. My bet goes towards that the market decided wisely when the share price dropped today.

Analysis of Cez 2014

Company: Cez

Business: A Czech electricity producer and distributer. They are also selling heat (a growing market) and gas to consumers. They are also active with telecommunications, informatics, nuclear research, planning, construction and maintenance of energy facilities, mining raw materials, and processing energy by-products.

Active: Very active in the Czech Republic that is the home market with an increasing presence in several central and eastern European countries such as Poland, Bulgaria, Hungary, Slovakia, Rumania as well as in Turkey.

P/E: 9.1