Sunday 31 May 2015

Cez report Q1 2015

Cez, Q1, 2015, front page

Due to the dropped ball Cez are of course also out with their Q1 report for 2015 and this is the short summary of what was in it. Unless there has been any more dropped balls then I am now finished with all the annual and quarter reports for my holdings and I look forward to start digging into some new ones!

Analysis of Cez 2015

Cez, a Czech electricity producer

Company: Cez

ISIN CZ0005112300 | WKN 887832

Business: A Czech electricity producer and distributor. They offer heat and gas to consumers and are active with telecommunications, informatics, nuclear research, planning, construction and maintenance of energy facilities, mining raw materials, and processing energy by-products.

Active: Czech Republic, Poland, Bulgaria, Hungary, Slovakia, Romania and in Turkey.

P/E: 15.2

Saturday 30 May 2015

Cez annual report 2014

Cez, annual, 2014, report, front page

Here comes the big ball dropper! I have missed to report the annual report from Cez that were out already with figures in beginning of March and the final report was out in the end of April. Since I stepped over to using the RSS Feeds I am relying on that I get a poke each time something like this appears and for Cez I did not get that which is the reason for the ball dropper.

K+S report Q1 2015

K+S, Q1, 2015, front page

My only mining company K+S arrived with their Q1 report for 2015 and the reading was indeed very pleasing for me and any other shareholder in this company. I am now only two weeks behind reporting and the actual publication of the report so that warms my soul.

Friday 29 May 2015

Talanx report Q1 2015

Talanx, Q1, 2015, front page

Talanx which is one of my latest investments have also arrived with their Q1 report for 2015. The report is thicker (almost 90 pages) than what I like to see in quarter report. Short and dense those are the magic words for quarter reports.

E.On report Q1 2015

E.On, Q1, 2015, front page

Sometime ago E.On informed that they would split the company into the old dirty part and a spring fresh blooming part back then there were not much else information and this time we found out a bit more.

Thursday 28 May 2015

MüRe report Q1 2015

MüRe, Q1, 2015, front page

I have started to catch up and with this summary I am only three weeks after the publication date! MüRe is my favourite reinsurance company that have over the years treated me very well. So what did then the first quarter look like?

All the companies on DAX 2015

DAX, the 30 largest German companies

The list is once again completed and I am proud to claim that I am more than one month quicker than last year and I hope that in 2016 I will have managed to finish the list already in the end of April / beginning of May. Now I must quickly sort out my hated PIFs with reweighing of the shares and companies and then finally start looking for more companies while reporting the half year reports that will soon start dropping in.

Wednesday 27 May 2015

Coba report Q1 2015

Coba, Q1, 2015, front page

Here comes the brief summary of the Q1 2015 report Coba, which is the second largest bank of Germany that back in 208/2009 failed one step more than DB and had to get capital from the German taxpayers to survive. This they often repaid in kindness by pushing out their bad assets to the German population, often to elderly people, that trusted in that the bank they had been customers with for 30+ years would not cheat them. How wrong they were and shame on Coba and all the other banks for that matter.

Adidas report Q1 2015

Adidas, Q1, 2015, report, front page

The report from Adidas is out since some time and I keep my fingers crossed that I will manage to push out all the brief summaries of the Q1 reports as well as the analysis of all the DAX companies before the month of May is over because soon the Q2 reports will start to drop in and with them I do not want to be silly late as I am now. So what was in the Adidas report?

Tuesday 26 May 2015

Kernel operating report Q3 2015

Kernel, Q3, 2015, operating report, front page

Time to take a look at the operating report from Kernel and I must say that I thought that their business would have been slowing down more and more for each quarter but they have still managed to keep things up by the look of it!

Analysis of VW 2015

VW, a German automotive company

Company: Volkswagen

ISIN DE0007664039 | WKN 766403 

Business:  A German automobile manufacturer. The are still producing motorcycles, cars, trucks, large-bore diesel engines, turbochargers, turbo machinery, compressors and chemical reactors. They are however most famous for their cars and here are the Volkswagen brands. The next time you go for a spinn with your Ducati remember it is a Volkswagen you are sitting on and never forget that the many will always beat the few in the end... one way or the other.

Active: World wide with sales in 153 countries.

P/E: 10.0

Monday 25 May 2015

Dividend from DB: May 2015

DB, a German bank

Well, well, well, Deutsche Bank paid the same dividend for the at least fifth year in a row. The shareholders meeting, which I missed out on, were yesterday and I followed it on twitter. It was indeed plenty of angry and upset people present there. Not due to the dividend payment but due to all the legal problem DB have had and that they still have not managed to clean the house... the problem is a snake and not a scorpion. Meaning you need to bite off the head and not the tail to start the purification.

Due to that I now own 241 shares in Deutsche Bank I received per share 0.75 € this gave me in total 180.75 €. From this I had to pay 47.67 € in taxes and left as cash on my broker account was 133.08 €. This gives ma a YoC of 2.6% after over three years as a shareholder and that, is to be frank, bad!

To find out more about DB please go to DB analysis 2015.

To see my yearly dividend earnings then please visit the Stock Dividends page that has now been updated.

Analysis of ThyssenKrupp 2015

ThyssenKrupp, a German steel company

Company: ThyssenKupp

ISIN DE0007500001 | WKN 750000 

Business: A German steel and steel products company. They are still dividend into six business areas: Components Technology (assembled camshafts and ready-to-install net-machined crankshafts and engine components), Elevator Technology (passenger and freight elevators, escalators, moving walks, passenger boarding bridges as well as stair and platform lifts), Industrial Solutions (design and construction of chemical plants, refineries and other industrial facilities), Materials Services (carbon and stainless steel, tubes and pipes, nonferrous metals and plastics), Steel Europe (carbon steel flat products) and finally Steel America (production, processing and marketing of premium carbon steel products).  

Active: Almost in 80 countries world wide.

P/E: 67.4

Sunday 24 May 2015

Pershing Square: William Ackman Q1 2015

Pershing Square, a hedge fund run by William Ackman

The final investor that I follow is William and here we will take a look at the changes he did. Little happened but still a bit of excitement.

For the previous report please visit Pershing Square: William Ackman Q4 2014.

The new investments were:

Actavis - a pharmaceutical company working with specialty products as well as generics. Actually Actavis bought Allergan that William had shares in so this is the reason for why he is now in here instead and Allergan is out.

Valeant Pharmaceuticals - Seems to be yet another mainly generics company.

Conclusion: The activity from William if one account for the take-over very low. Sold no companies or shares and only made a new investment in the form of Valeant Pharma which did not make me very excited.

Analysis of Siemens 2015

Siemens, a German electrical engineering company

Company: Siemens

ISIN DE0007236101 | WKN 723610 

Business: A German electrical engineering company. They have now left their sectors and are now divided into divisions and those are: Power & Gas, Wind Power & Renewables, Power Generation Services, Energy Management, Building Technologies, Mobility, Digital Factory, Process Industries & Drives, Healthcare and finally Financial Services.

Active: World wide in over 190 countries.

P/E: 16.1

Saturday 23 May 2015

BASF report Q1 2015

BASF, Q1, 2015, report, front page

The Q1 report from BASF is also since some time out and what I liked in this report is that already on page 4 they describe a new invention made by them. I hope it will continue like that so that we shareholders in each report get a brief and clear description of what our money is being spent on and also in which direction the company is going towards in the future. So what was in it?

Analysis of SAP 2015

SAP, a German software company

Company: SAP

ISIN DE0007164600 | WKN 716460 

Business: A German software and software related services company. They divide themselves in three business unites (at least for financial reports): Cloud subscriptions and support, Software licenses and finally Software support. They are also making around 19% of their revenue from something outside of these three business units.

Active: 190 countries world wide.

P/E: 23.6

Friday 22 May 2015

Greenlight Capital: David Einhorn Q1 2015

Greenlight Capital, hedge fund run by David Einhorn 2015

The SECs are out and the third one in the list to look at is David Einhorn. His amount of holdings have significantly decreased since last quarter but he had time to get some new ones as you will find out below.

Analysis of RWE 2015

RWE, a German electricity and gas company

Company: RWE

ISIN DE0007037129 | WKN 703712  

Business: A German electricity and gas company. This fifth largest electricity producer in EU are using the entire mixture of gas, coal, nuclear and renewable for the production. RWE currently run five business unites: Production (lignite, gas and oil), Power Generation (the generated electricity from all the different sources), Supply & Trading (buying and selling of electricity, gas and oil), Transmission & Distribution (electricity, gas and water grids) and finally Products & Services (sales of electricity to residential and commercial customers). 

Active: Europe, North Africa and Turkmenistan. I have also received RSS feeds informing me that they are stepping into the middle east also.

P/E: 8.1

Thursday 21 May 2015

Fugro operating report Q1 2015

Fugro, Q1, 2015, operating report, front page

Hmmm... I just got a reminder on Twitter that I was behind schedule with my summary from different companies quarter reports. This is indeed very true. The problem comes from owning many companies and all of them release their annual as well as their Q1 reports at more or less the same time. I do not see how I will ever be able to keep up with that in the future unless I decide only to report annual and half year reports but that is not something I want to do. Nay, I will go on as I have and hopefully next year I will then no longer have the extra full-time study burden and will be able to respond quicker  to the massive flow of reports that arrive in spring.

So what was then in this short operating report from Fugro?

Analysis of Merck 2015

Merck, a German pharmaceutical and chemical company

Company: Merck

ISIN DE0006599905 | WKN 659990  

Business: A German bio pharmaceutical and chemical company. They are divided into three business sectors: Healthcare (Merck Serono, Consumer Health, Allergopharma and Biosimilars), Life Science (Merck Millipore) and the third one is Performance Materials.  

Active: World wide with employees in 65 countries

P/E: 36.1

Wednesday 20 May 2015

BP report Q1 2015

BP, Q1, 2015, report, front page

 The oil giant British Petroleum arrived with their Q1 report for 2015 and here I will make a brief summary regarding what I found in it which was a bit of a mixture.

Analysis of Lufthansa 2015

Lufthansa, a German aviation company

Company: Lufthansa

ISIN DE0008232125 | WKN 823212  

Business: A German aviation company that are divided into five segments: Passenger Airline Group (transporting over 100 million with Lufthansa, SWISS, Austrian Airlines, Germanwings, Brussels Airlines, edelweiss, jetBlue and SunExpress), Logistics (airfreight to around 300 destinations), Maintenance, Repair & Overhaul (repair services to over 800 airlines), Catering (30% market share with LSG Sky Chefs) and finally IT Services (consultancy to 300 airlines and 150 other customers).  

Active: Over 100 countries world wide.

P/E: 115.9

Tuesday 19 May 2015

Dividend from K+S: May 2015

K+S, a German mining company

My German mining company, K+S, made a massive increase in the dividend payment after making a very large cut last year. The reason for the cut was due to all the fears with decreasing prices, weak USD etc. Now those fears are apparently gone and for that reason they made an increase of the dividend payment from 0.25 € to 0.9 €.

So for each of my 152 shares in K+S I received 0.9 € which gave in total 136.8 €. From this I was forced to pay taxes in the size of 36.08 € which gave me 100.72 € as cash on my broker account. This gives me a YoC of 4.4% which is pretty good but I expect it to get much better next year.

To find out more regarding K+S then please click on analysis of K+S 2015.

To see my yearly dividend earnings then please visit the Stock Dividends page that has now been updated.