Wednesday 30 September 2015

Dividend from BP: September 2015

BP, a UK oil giant

My only oil company BP paid out the third quarter dividends during September. Since my broker have apparently dropped their brains I have still not received an online notification regarding the conversion rate GBP to € were and neither how much taxes they removed. All I have is the amount of cash on my account. To make things worse i have already complained twice on them and still nothing has happened.

So for my 354 shares in BP I received a total of 23.30 € paid out in cash on my broker account. When my broker get their trousers on I will add the additional information and I will then also add the data to the dividend page that I am linking to below.

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

To see my total dividend flow then please visit the Stock Dividends page that will soon be updated. 

Tuesday 29 September 2015

Stock sold September 2015: MüRe

MüRe, a reinsurance company

I am very unhappy about what I did this evening but my rule was that when Berkshire Hathaway leaves MüRe then I should also leave. Today I received an ad hoc notification that Berkshire are decreasing their quantity of shares. Part of the reason that I decide to leave is because they are sitting on 10% of the shares and heaven knows how many Warren Buffett followers additionally meaning that I have no clue how far the share price might drop. With my small volume... 25 shares... I have the advantage to be able to act quickly so I did. I will directly also state that if the share price drops down to 130 € and below then I will buy back MüRe because I still like it as a piggy-bank with its high dividend payments.

I like MüRe a lot and I have been very happy with this investment. It was even my very first investment back in March 2012 so the holding time is up at 42 months which is too short for my taste but I hope that I will improve on that aspect in the future.

Thursday 24 September 2015

The tolerance in the world

Berlin, buildings

The impatience and the tolerance in the world seems to be getting lower for each passing year. It is hard to say if that is really the case or if it is simply because I am getting older and by each passing year also my time frame seems to change and at least I hope that my patience is growing. There also seem to be situations that I have built up automatic responses to where one could claim that I have zero patience.

Back in the past when I was working in a large company the employees were allowed to smoke at work. Here I do not mean that they had a special ventilated room or so but they were sitting even in their offices smoking. The managers wanted to change this and during this change there were even discussion about completely forbidding smoking on the premises.

Thursday 17 September 2015

Dividend from IBM: August 2015

IBM, an American internet service company

The third dividend payment from IBM dropped in to the account. For my 16 shares I received a total of 20.80 USD which got converted into 18.54 €. On this amount I ended up paying US as well as German taxes in the size of 4.74 € and I ended up with 13.80 € 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.

It should also be mentioned that my studies are once again draining me. That I am forced to catch up 2.5 weeks makes my life a bit hard at the moment and hence fewer publications and little to no time to search for interesting companies.

Tuesday 15 September 2015

Gerry Weber report Q3 2015

Gerry Weber, Q3, 2015, report, front page

This report from Gerry Weber was not at all well accepted. After dropping the -10% with all the other stocks Gerry Weber dropped around an additional -10% on this one. Was it that bad?

Monday 14 September 2015

Dividend from TJX: August 2015

TJX, an American off-price fashion chain

My off-price fashion retail chain TJX arrived with the Q2 dividend now in August. I keep forgetting that almost all the American companies pay out dividend every quarter so I it was not in my thoughts that I should start to get any dividends from TJX this year. Since they pay out, for the full year, around 1% the quarter payments are tiny as you will soon see but I do not own TJX due to the earnings. I own them due to the amount of customers running to the store.

For my 32 shares I was paid 6.72 USD which got converted to 5.97 €. From this was taken 1.52 € in taxes and I was left with 4.45 € cash on my broker account.

To find out more about TJX then please visit analysis of TJX but to get a real feeling for it then please just go to one of their stores! But please be careful if you enter without thoughts of buying something because personally I find that very hard and I am a fairly controlled person when it comes to shopping.

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

Saturday 12 September 2015

Analysis of Garmin

Company: Garmin

ISIN CH0114405324 | WKN A1C06B

Business: A Swiss navigation products company that are registered on Nasdaq. They have four pillars that they stand on of which the first one is their bread and butter: Navigation (for automotive, sports & recreation, marine and aviation), Wearable (activity trackers etc. for instance golf course tracker), Health & Wellness (bracelets, watches etc.) and finally Action Cameras.

Active: 100 countries world wide

P/E: 20.1

Thursday 10 September 2015

The width of the analysts knowledge

mask, glowing

It has become many reflections lately which comes from that I have been unable to publish any for so long due to quarter reports, annual reports and general updates on analysis. So now that I once again have time especially since I have decided to allow the Personal index funds (that you all hate) only a yearly moment in the spotlight I will publish some more reflections.

I found that on the financial times they were giving out very interesting information regarding companies. It was a bit troublesome to get hold of the information but it was possible and what interested me the most was what did the analysts following the companies that I own say regarding the guided price?

Tuesday 8 September 2015

Stock bought September 2015: VW

Volkswagen, a German car producer

Call me nuts but last year, 2014, in the October/November crash I made a promise to myself that if that happens again then I will pick up either Continental or Volkswagen. In the last couple of months Volkswagen have become around 30% cheaper and to me that is a lot on a company that are already "cheap". Right now it is being traded around 165 € which means a P/E of 7 and a P/B of 0.9 giving a dividend yield of almost 3% (that correspond to around 20% of their earnings). I find that to be insane cheap for an excellent world wide car producer. 

Sunday 6 September 2015

Analysis of eQ

eQ, a Finnish financial institute

Company: eQ

ISIN FI0009009617

Business: a Finnish financial institute. They have become the largest in Finland due mainly to an intensive acquisition period. They stand on three legs: Asset Management (for institutional and rich people), Private Equity (consulting for pension and insurance companies) and finally Investment (private equity investments made from own balance sheet).

Active: Finland

P /E: 26.5

Comment: My blog neighbour 4020 is running a databas called börsdata. Before it was only Swedish companies but today he is expanding into the Nordic countries. Please click on  this link to find out more on eQ. There are differences from my analysis based mainly on that Börsdata updates each quarter and I look only on 2014. His dividend is also different because what he has taken is the dividend + return of capital and there I strictly take the dividends paid out to shareholders.

Saturday 5 September 2015

Dividend from Intel: August 2015

Intel, an American processor company

Intel arrived with their Q3 2015 payment of dividends based on the audited earnings from the year 2014. If a company have had no earnings and have no value in their balance sheet then it is also not possible to pay dividends.

Intel have however for many years had substantial earnings and they still have and for this reason they decide to pay out dividends to their shareholders. I received for my 100 shares 24 USD. This got converted to 21.24 € which means that the USD has weakened since the last dividend payment. On the 21.24 € I ended up paying 5.42 € in taxes and I received cash on my broker account 15.82 €.

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.

Friday 4 September 2015

Contrarian rules part II

Rock Solid, 2015

What feels today like a long, long time ago I published an article that I called Contrarian rules. This article contained the set of rules that David Dreman claim to be one of the best approaches to reach a high yearly growth on your investment.

Back in 2012 I read plenty of investment books and once I had started this blog I went back to them to dig out the advice or rules as they were given which lead me to the publication back in March 2013.

David Dreman and his contrarian rules seemed to fit very well to my personality. I know that I do not panic and I know that I do not care if the share price drops -50% after I have bought them. Based on this knowledge I thought that the unloved, out of favour companies would be my thing. I even named the blog after this investment strategy.

Thursday 3 September 2015

Stocks of Interest: September 2015

Stocks, interesting, September, 2015

My latest investment TJX was a Lynch "shopping-mall" investment and it will serve me well over the coming years. The latest period of turbulence have left it pretty much untouched just like my second "shopping-mall" investment ABF. 
Almost everything looks cheaper today than what it did one month ago and one need to figure out why is it cheaper as my blog colleague valueandopportunity wrote about here. In these more general drops one can however often pick up quality companies at good prices and please consider that the Stocks of Interest list has nothing to do with quality and simply goes after cheap stocks. I also suspect that I need to take a look at all the Russian companies in the list. Plenty of them would probably be kicked out from the list with a fresher analysis.

Wednesday 2 September 2015

Summary of August 2015

Summary, August, 2015

The weather was excellent during the two weeks that I spent in Sweden! I managed to see almost all family members as well as friends. I also managed to build the shed as I specifically wrote about and I managed to take a leap forward concerning the removal of the basement smell that we have in the summer house since years and years. So the vacation was very successful!

I have now also managed to receive almost all the books needed for my studies. One of the courses which apparently concerns how to write a bachelor thesis and how to defend it... well... I hope that my experience in doing that a couple of times already should be enough because otherwise I have to buy a lot of books. I find it very disturbing that they have a course concerning it. Only reason I see is that they wanted to decrease the failure rates which is ok but that it is accounted for with University credits that I do not find correct.

Tuesday 1 September 2015

German inside trading: August 2015

insider trading, Germany, August, 2015

The share prices of many companies have gone down significantly during the last weeks and therefore it is of course even more interesting to see which managers decided to pick up a larger holding in the company they run.