Dividend from Eniro: March 2015

This is not a real dividend but stems from the sales of the right issues that were given to me. Hopefully I am learning each day to become a better investor and for me with Eniro it was a matter of watering the weed if I would have joined. I will see how the company progresses for the next couple of quarters to see if it will be worth to increase my holding again. Now I do, hopefully, always demand good results from a company before I push in more money.

I received 2,550 rights issues and they were sold to the price of 0.27 SEK which gave me in the end 74.50 € as cash on my account. I will add this as if it were a dividend paid out.

To find out more about Eniro please visit analysis of Eniro 2015.

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

Analysis of MüRe 2015

Company: Münchener Rückversicherung

ISIN DE0008430026 | WKN 843002

Business: A German re-insurance and insurance company. They have three pillars to stand on: Re-insurance (Covering the risks of other insurance companies), Primary Insurance (classical insurance for private persons or businesses) and finally Health Insurance (In countries with a private system). 

Active: All over the world with Re-insurance. The groups overall strongest presence is in Germany and Europe.

P/E: 10.9

MüRe annual report 2014

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

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

Company: Deutsche Beteiligungs AG

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

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

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

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

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

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

Stock sold March 2015: Asian Bamboo

I finally decided to put on the trousers as they would say in Germany and I sold my entire Asian Bamboo investment. I have many times written that I should have sold it a long time ago and for tax reasons it did not make any sense to sell them but today enough was enough.

Back in December 2014 two of their creditors demanded their money back and since apparently nothing has happened they today demanded Asian Bamboo insolvent. Nothing good will come out of that and the latest preliminary results for Asian Bamboo for 2014 and outlook for 2015 were appalling and they were expecting even lower revenue and are completely stopping to sell products and keep preparing for them becoming a construction company... So the bunk story continues.

Asian bamboo joined my stock portfolio as my fourth investment and it was bought on the second month (5th of April 2012, holding time 34 months) that I took the decision to become an investor. I no longer remember if they had published their annual report for 2011 or not but my investment was based on the annual report from 2010 and the years before showing a very successful company.

Adidas annual report 2014

The share price increased at some point to over +4% on the day of the release. I did not see any surprise in the report since part of me buying the shares were based on the highly improved sales in Germany of the new world champion cloths. Once one becomes investor in a company the progress of that company is much more intensively followed and I must say that I have become more impressed with Adidas and all the channels they use to reach the consumers then I had never thought about or seen before. I guess that is part of the problem of getting married with a company. Anyway... what was then in this annual report?

Analysis of Qualcomm 2015

Company: Qualcomm

ISIN US7475251036 | WKN 883121

Business: An American semiconductor company. Their main activity is is five field of which the first one is the absolutely biggest one: Mobile (the classical smartphones, tablets, notebooks etc.), Automotive (for instance Maserati & Cadillac but several million cars contain Qualcomm technology), Education (wireless educational project, many developing countries have a better mobile infrastructure than anything else), Health Care (platform to monitor and improve health) and finally Networking (homes, enterprises, machine to machine etc.).

Active: World wide with their product and with offices in 34 countries.

P/E: 15.6

Kernel report Q2 2015

The share price on the home market increased by around 7% so the report was very well accepted. I also found it to be an acceptable report.

Extra investment March 2015: ETF Austria

I am now moving further with the ETF strategy and I decided to buy an Austrian index fund. There were three offered to me. All of them had fees around 0.3%. One belonged to Blackrock and paid out dividends, one belonged to Commerzbank and the third one belongs to Deutsche Bank.

After deciding that I do not care about dividends I then could pick either of the two funds since I am a shareholder in both companies so no matter what the fees I paid would come back to myself (hopefully!) but the Commerzbank one had total fees of 0.3% and Deutsche Bank had 0.25% so in the end it became Deutsche Bank.

The Austrian index is today almost as pushed down as it was around the start of the financial crisis. The reason for this is two fold.

1. Their biggest market cap company is a bank. Just like here in Germany the investors have still not regained the trust in the banks (and it is also correct of them) which has made sure to keep the index low.

2. The second biggest market cap company is an oil and gas company (in a close race with a machine/plant engineering company). Since a long time that entire industry has had a low valuation and since last autumn many of them were pushed down one step further.

Austria being part of the the German speaking countries have a similar efficiency please see Working population in various countries for some graphs. I have therefore no fear for that Austria will recover, they will and then I now will have a small part of that recovery.

The latest news that they allowed a bank to go bust I also find to be excellent news since the banks will be forced to shape up their business if they want to remain.

So I bought 30 parts in ETF Austria (ISIN LU0659579063 | WKN DBX0KJ) at a total cost of 1,113 € including fees or 37.09 € per part.

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.

Analysis of BASF 2015

Company: BASF

ISIN DE000BASF111 | WKN BASF11

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 and as they say themselves "in almost every country in the world".

P/E: 15.6

BASF annual report 2014

Share price dropped by around -3% on the day it was published. I have now managed to read it and I am not unhappy with the result, I am not at all unhappy and since I bought BASF the share price development has been satisfactory. What was then in it?

Investment March 2015: ETF Russia

The boring side investment track continues and in increased my investment in Russia by once again buying the Russian ETF fund from HSBC.

Also this time I bought 135 parts to a total cost of 1005.01 € including the fees which means that I right now hold 270 parts with an invested value of 2019 € or 7.48 € per part.

For more details regarding the fund please see Extra investment December: ETF Russia.

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.

Analysis of Fugro 2015

Company: Fugro

ISIN NL0000352565 | WKN A0ET3V

Business: A Dutch geotechnology company. They are divided into four subunits: Geotechnical (resolve geotechnical problems offshore, nearshore and onshore), Survey (all kind of offshore and geospatial surveys for the development of oil and gas platforms), Subsea Services (repair, construction etc.) and Geoscience (seismic and seabed databases for the exploration of new projects). Currently restructuring so during 2015 we will just have to see which units will survive...

Active: World wide in 60 countries.

P/E: -4.1 (P/E5: 11.7)

Fugro annual report 2014

From what I could see the share price jumped up by over 15% on the day of the release. I do not know what that was all about because I was frankly put pissed off when I read the report. What was then in it that made me soooo happy?

Analysis of AutoZone

Company: AutoZone

ISIN US0533321024 | WKN 881531

Business: An American automotive replacement company. They are active with repair, retail and distribution of automotive replacement parts and accessories.

Active: USA, Puerto Rico, Mexico, and Brazil with 5,391 stores.

P/E: 20.7

Dividend from Intel: March 2015

The Q1 dividend from Intel was recently paid out to my broker account. I have now also finally changed the settings so that my broker is not wasting poor trees for printing out and sending me all the papers and instead I am getting everything electronically. Hurrah! Oh, and it of course also saves money to my broker which means, in the long run, money to me as a shareholder.

They paid this time out 0.24 USD per share which means that I received for my 100 shares 24 USD which got converted into 21.33 €. From this was taken 15% taxes so 3.20 € and I ended up with 18.13 € on my account as cash to be invested elsewhere.

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

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

Analysis of Gilead Sciences

Company: Gilead Sciences

ISIN US3755581036 | WKN 885823

Business: An American bio-pharmaceutical company. They are involved in six different fields: HIV/AIDS, Liver Diseases, Oncology/Inflammation, Cardiovascular, Respiratory and finally Other. They go all the way from discovery, development and finally commercialisation of the new pharmaceuticals.

Active: They are present on every continent but mainly/strongest in the US and in Europe.

P/E: 14.0

Stocks of Interest: March 2015

Last month I did manage to fill up my positions in Talanx as well as Tessenderlo so the only still "open" positions are the Russian ETF and of course Eniro but they will get no more money until I see a wind of change.

I had no issues averaging up in Talanx and Tessenderlo which opens up more companies that I should average up in such as for instance Enel and Intel, both of which had small initial investments, but I feel no stress in doing so and in the end... investing is a marathon and not a sprint.

Summary of February 2015

I am tired at the moment and it comes from me having lost my habit of studying. I simply do not perform as well as I did in the past and the memory I had of how easy it was to study is disappearing. It is not due to difficult material it is simply due to that I have lost my study routine and I have too many other things in life that takes and must be given time. I will not be chocked if I fail the examination in two respectively three weeks from now.

In the company I also have much to do at the moment. Preparation of patents, articles, presentations, products, reports, applying for more governmental funding... all of it is currently a fog and for the first time ever I was forced to sit down and write a to-do list for the next couple of months so that I hopefully will not fail one of the deadlines.

To be able to start the company I once upon a time borrowed money from my kind brother. Now during February it hit me that it is unacceptable that I am building up a stock portfolio when he could be doing that for the very same money. Even worse is that he is an active investor so he would not waste it on useless consumption. I have therefore added to my target for 2015 to pay off that loan this year and I will make sure that my brother gets a nice Christmas bonus. I will still try my very best to keep up with the current monthly investment strategy (~2,000 € / month) but in the end of 2015 I may be forced to push it down to be able to make the repayment to my brother. If he reads this then I am sorry that I have not been quicker in paying you back.

In the end of March I am off to India again for probably the last time. I will this time travel around a little so that I get out of Delhi and get to see the country side in India. I am very much looking forward to this even though the schedule will be very tight and exhausting.