Saturday 28 February 2015

Dividend From ETF Russia: February 2015

HSBC, the provider of my Russian ETF

To be honest with you this dividend was not at all on my radar neither in terms of when as well as the size of it. I did on purpose buy the dividend paying ETF so I did expect to get something but nothing close to the amount that was paid out.

For my 135 parts I received a total of 48.98 USD which got converted to 43.12 € and since my investment was 1,014 € I got a 4.25% dividend which is not bad at all. Oh, and I paid no taxes since it is running on the 801 € that are tax free on capital gains here in Germany.

The Stock Dividends page has now been updated if you want to follow my dividend progress.

Friday 27 February 2015

Analysis of Deckers Brands 2015

Deckers Brands, an American shoe company

Company: Deckers Brands

ISIN US2435371073 | WKN 894298

Business: An American outdoor and sports shoe producer with focus on niche markets and nice products. Their brands are: UGG, I HEART UGG, Teva, Sanuk, TSUBO, Ahnu, MOZO, and HOKA ONE ONE.

Active: Products are sold in 50 countries and they own themselves 138 stores.

P/E: 17.7

Wednesday 25 February 2015

Analysis of Etteplan

Etteplan, a Finnish engineering service company

Company: Etteplan

ISIN FI0009008650 | WKN 938050

Business: A Finnish service company. Their main focus is the engineering services and technical documentation solutions for the manufacturing industry. What they include in the manufacturing industry are: Automotive, Aeronautics & Space, Energy Equipment, Defence and finally Marine & Offshore.

Active: Currently in Finland, Sweden, the Netherlands and in China. The manufacturing companies that they service do however work world-wide.

P/E: 13.2

Monday 23 February 2015

Analysis of Aktia Bank

Aktia Bank, a Finnish financial institute

Company: Aktia Bank

ISIN FI4000058870 | WKN A1W1T4

Business: A Finnish financial group that are standing on six pillars: Aktia Life Insurance, Aktia Fund Management, Aktia Corporate Finance and Aktia Real Estate Agency. All of which they own to 100% and then additionally they have Aktia Asset Management Ltd to 75% and finally Aktia Real Estate Mortgage Bank that they own to almost 51%. To find out more about the different parts please click here.

Active: Finland only with focus in coastal areas, in the Helsinki region, and in inland growth areas. They have around 350,000 customers, 55 locations and 1,000 employees.

P/E: 14.6

Saturday 21 February 2015

Pershing Square: William Ackman Q4 2014

Pershing Square, William Ackman, Q4, 2014

The excitement is massive when it comes to the reports from William! The guy is really focused and very little is going on in terms of changes of companies in his stock portfolio. So this time there were neither any new companies joining nor did any company get kicked out.

For the previous report please click on Pershing Square: William Ackman Q3 2014.

Pershing Square, William Ackman, holdings, Q4, 2014

Conclusion: He kept adding to the vet company (Zoetis) and the holding starts to be pretty large! The other biggest change is thet Burger King joined with Tim Hortons and then also changed the name to Restaurant Brands International (RBI). There are currently also the 3G capital involved with a massive amount of shares (owns around 70% of the shares) as well as the old geezer Warren Buffett that joined his Brazilian buddy last quarter.

Thursday 19 February 2015

Berkshire Hathaway: Warren Buffett Q4 2014

Berkshire Hathaway, Warren Buffett, Q4, 2014

My confusion increased when I looked at the report from SEC regarding teh dealings of Berkshire Hathaway. That they guy accepts that a mistake was made and walk away from an investment like he did with Posco, Tesco and now also Exxon that is probably a large part of the reason for why it is going well for him and bad for me but jumping back and forth like he did now? Really? That I do not get!

Three new companies were added and those were:

Tuesday 17 February 2015

Greenlight Capital: David Einhorn Q4 2014

Greenlight Capital, logo, 2015

High activity which seems to be the standard behaviour of David. He jumps in, he jumps out, he jumps all around for a little while. Sometimes I even think that he is selling stock based on the letter that the company name starts with. But... as I said... it is only my feeling.

The new additions were:

Monday 16 February 2015

Extra stock bought February 2015: Talanx

Talanx, a German insurance company

As I mentioned when I made the first investment in Talanx (please see Stock bought December 2014: Talanx) I wanted to have yet another piggy bank. I do not expect them to increase their dividends this year (1.2 € per share) but I simply hope that they will keep it as it is and that will make me happy enough.

I bought an additional 40 shares at a price of 1097 € including the fees which means that I paid 27.43 € per share (which is over 2 € more than the last time!). In total I am now the happy owner of 80 shares and my investment including fees is up at 2109 € which gives me an average price of 26.26 € per share.

To find out more about Talanx then please click on analysis of Talanx 2014 and to take a look at my current Stock Portfolio then please click on that link. The portfolio will however not be fully updated until the end of the month.

Sunday 15 February 2015

Analysis of Eniro 2015

Eniro, a Swedish search and advertisement company

Company: Eniro

ISIN SE0000718017 | WKN 579941

Business: A Swedish search and advertisement company. They have two business units: Local search (with desktop search (50% of revenue), mobile search (8% of revenue), campaign products (7% of revenue) and print (14% of revenue) which was the starting business of Eniro) and the second one is Voice (which gives assistance services via telephone and SMS, 19% of revenue).

Active: Sweden, Norway, Denmark, Finland and Poland

P/E: -0.28

Saturday 14 February 2015

Dalal Street: Mohnish Pabrai Q4 2014

Dalal Street, Mohnish Pabrai, Q4 2014

Yet another quarter with extreme activity from Mr. Pabrai. No company has been kicked out but yet another has been brought in and he has both added and decreases the quantity in his holdings.

The new investments were:

Fiat Chrysler Automobiles: The newly created merger between the Italian Fiat and the American Chrysler. Today the automobile brands in their portfolio are: Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram​, Ferrari and Maserati.

Google: An internet giant that are currently dipping their feet into many different fields. I recently heard that they stopped the further development of Google Glasses as an example... anyway here is a very old analysis of Google by me.

For the previous summary please click on Dalal Street: Mohnish Pabrai Q3 2014.

Mohnis Pabrai, stocks, Q4, 2014

Conclusion: He has kept decreasing in Posco and he is now down to 1/3 of his initial investment that was initiated half a year ago. Fiat Chrysler I also find it to be interesting, in a bad way I should add, that he has decided to step into and the addition in General motors was not even 1% so as good as null. The Google investment also feels strange to me. I almost get the feeling that Mohnish has stopped the copycat business and are now running freely...

Friday 13 February 2015

Eniro annual report 2014

Eniro, annual, 2014, front page

The report arrived a couple of days ago and directly in combination with the report they decided to go out with an announcement concerning the issuing of more shares as well as the sales of bonds. The share price took another nose dive of maybe -50% or so.

Wednesday 11 February 2015

Stock bought February 2015: Tessenderlo

Tessenderlo, a Belgian chemistry company

Finally there was nothing else of interest so I could now top up my investment in Tessenderlo! The price I paid was acceptable even though it became higher than what I paid the first time and higher then if I would have joined in on the share emission in December.

In the end I bought 45 new shares at a total price, including fees, of 1059 € which means 23.53 € per share. In total I now hold 90 shares at an investment cost of 2080 € which gives me an average share price of 23.11 € (previous was 22.69 € and if I would have joined the emission I would have received the shares for around 21 € if I remember correctly). It hurts me much less then what I thought it would to average up on the share price and this I find to be good news for me in the future.

To find out more about why I bought Tessenderlo please visit Extra stock bought September 2014: Tessenderlo. If you want to find out more about the company then please click on analysis of Tessenderlo.

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.

Monday 9 February 2015

Analysis of BP 2015

BP, a British oil giant

Company: British Petroleum

ISIN GB0007980591 | WKN 850517

Business: A British oil giant. They are divided into two business units which are: Upstream (extracting gas and oil) and Downstream (fuels, lubricants and petrochemicals). They currently have five brands: BP(oil and gas), Aral (gas stations where I buy all my petrol), Castrol (lubricants), ampm (convenience stores) and Wild Bean Café (cafés).

Active: 80 countries world wide employing around 84,000 people.

P/E: 32.6

Saturday 7 February 2015

BP annual report 2014

BP, annual, report, 2014, front page

To me this report was like a comet hitting the water in a still mountain lake. I had expected the fourth quarter to be bad but this bad? No, that I just did not see coming. The response by the stock market was not very big... I think the share price decreased by only -1%.

Thursday 5 February 2015

Stocks of Interest: February 2015

February, 2015, stocks of interest

I have kept dragging out my investments in the Russian ETF, in Tessenderlo and in Talanx. By the look of it I should not have have done that and instead I should have directly made the investment when the opportunity was there. So we shall see if I am a sufficiently calm investor for being able to increase my average share price of the companies.

I must admit that it is a bit of a hurdle since it is much easier to step in with equal cash and get twice the shares than to step in with equal cash and get half the shares. If I consider a company to still be cheap then I must also be prepared to do this and I think it is important to get over this hurdle because I will need it in the future.

When did you last time average up on your investment?

Tuesday 3 February 2015

Summary of January 2015

Summary, January, 2015

My economy studies are now running at full speed which takes up, less time than what is should but still more then what I had hoped that it would do. That I received the books almost two weeks after the courses started also made be slightly behind. I have now almost caught up so that is good news and after the next very important tasks, deadline on the 7th of February, then it will become even more relaxed again.

I find it highly interesting to study once again but with economy I have very mixed emotions. Sometimes I have the feeling that they are making mathematical formulas for the purpose of trying to look like a scientific field and on top of that they mix in philosophy as an attempt to give even more weight to it... Still... learning it should hopefully not hurt me in the long run.

Sunday 1 February 2015

German inside trading: January 2015

January, 2015, inside trading, Germany

No one will have missed the latest market excitement that has caused for instance DAX to bull run around +10% during January. The expectations are high which comes more from the QE from ECB than that the companies will actually increase their earnings substantially during 2015. Still with a weaker euro the export might increase and there are also good news from Spain showing increased growth.

For the previous report please click on German inside trading: December 2015.

Here are the dealing: