Saturday 31 October 2015

VW report Q3 2015

VW, Q3, 2015, front page

Yii-haaa, this is my first report for VW which stems form that I bought them sometime after the Q2 report had been published and the name of the CEO was then still Winterkorn and everyone considered VW to be an excellent German automotive brand... well... that has changed and the share price also...

Friday 30 October 2015

BP report Q3 2015

BP, Q3, 2015, report, front page

My only oil company BP arrived with their third quarter report and well... I would lie if I would say that the report made me excited and full of hope for the future.

Tessenderlo report Q3 2015

Tessenderlo, Q3, 2015, report, front page

Tessenderlo, my Belgian chemical company with excellent managers, arrived with their Q3 2015 "report". The Q1 and Q3 reports are minimalistic so there will not be too much to say. The share price was dipping down to around 25 € during October but are now already up around 29 € again. Was there any good news in the report?

Wednesday 28 October 2015

BASF report Q3 2015

BASF, Q3, 2015, front page

The third quarter report from BASF was published and the share price directly took a nose dive with around -4 to -5% and the closing price was down by -4.71%. Did it make any sense then?

Monday 26 October 2015

Analysis of Semperit

Semperit, an Austrian chemical company

Company: Semperit

ISIN AT0000785555 | WKN 870378

Business: An Austrian chemical company. that develops, They produces, and sells highly specialised rubber and plastic products for two different sectors: Medical (examination and surgical gloves) and Industrial (hydraulic hoses, conveyor belts, cable car rings etc.).

Active: Sales offices in Europe, Asian and America. Claim world wide presence but large of of production and employees are in Asia and R&D are more Europe based and then especially in Austria.

P/E: 12.0

Saturday 24 October 2015

Can anyone reach financial independence?

A old gentlemen and business man in a top-hat

When I am reading German, Swedish and UK blogs then very often the targets are not to become financially independent. It has more to do with investment process and to write down the ideas one had upon the time of investment and over the course of the investment. To sum it up it is more of an online investment diary for us.

The blogs that I read in the US are often a bit different. Many of them push financial independence to the border of being insane. Some of them claim to be financial independent (and they probably are) but still they spend a lot of time on their blog to keep the revenue flowing from advertisement or why not the new book that they published on Amazon or maybe the latest must have app or investment aid needed to chose, control or supervise your investments. It could be that they are financially independent but to me this is not financial independence and trust me when I say that those guys are working very hard to keep their blogs running as they do.

Thursday 22 October 2015

Analysis of Verbund

Verbund, an Austrian electricity company

Company: Verbund

ISIN AT0000746409 | WKN 877738

Business: An Austrian electricity company. They stand on three pillars of which one is a very large one: Hydropower (90% of their produced electricity), Thermal Power and finally Wind Power. They also have five divisions which are: Power generation, Transmission, Power Trading, Electricity Distribution and Energy-related Services. They are currently owned to 51% by the Austrian government.

Active: Austria

P/E: 37.2 (P/E5: 12.4)

Wednesday 21 October 2015

IBM report Q3 2015

IBM, Q3, 2015, report, front page

Yet another bad quarter was published by IBM when they announced the third quarter earnings. The shareholders were unhappy and the share price dropped with as much as -5% on the news but no one walks out the door without another one entering.

Monday 19 October 2015

Intel report Q3 2015

Intel, Q3, 2015, report, front page

The third quarter for Intel came out last week and it was very well accepted. The price to buy shares in Intel is going up and down based on fear. Fear of Apple, of mobile phones, of ARM, of tablets etc. Not that long ago (in the end of August) it was down around 24 € per share and now it once again back up at around 29 € so +20% in less than two months for a company generating around 10 billion USD in earnings per year. At the moment as an investor one is however not allowed to forget the impact of currencies and the fluctuation between USD and EUR are large.

Sunday 18 October 2015

DBAG report Q3 2015

DBAG, Q3, 2015, report, front page

This is one of those classic ball droppers. Once again there has been a problem with the news feed from the company to me which means that I read and write a summary of the reports far later than what I would have wished for. The share price have slowly but surely decreased since the excitement of their extra dividend was announced and paid out. I guess the investors jumping in then have started to realise that maybe that high dividend will not be paid out this year and for this reason they are then leaving the boat.

Saturday 17 October 2015

Analysis of El.En.

El.En., an Italian laser company

Company: El.En.

ISIN IT0001481867 | WKN 591042

Business: An Italian Laser producer. They are active with three different divisions: Medical (removing tattoos, hair, acne etc.), Industrial (for cutting in plastic, wood, metal etc.) and the third one is Conservation (to remove dirt from Art). They grow many times by company acquisitions.

Active: They are present in Europe, America and Asia in a few countries but sell their products globally.

P/E: 12.2

Friday 16 October 2015

Extra stock bought October 2015: Fast Retailing

Fast Retailing, a Japanese retail group

I remember the first time I encountered UNIQLO here in Berlin which was when I was on my way to the get an Indian Visa and it must have been around October/November 2013. They were then building the store. I tried to remember the name to check out what kind of company it was. I went home and took a quick look at it and found that ouch... it looks expensive.

During spring 2014 my wife had been shopping there and the were happily telling me about all the nice cloths they had and how many customers were in the store etc. She also said that the employees seemed to have been very well trained because they were extremely polite... something that is very rare in Berlin so one notice when people are polite. I then once again took a look at Fast Retailing and I even made an analysis of it that I never published (besides from in the All company analysis list) but already back then the P/E was at 41. I then also added it to my observation list to see what was going on.

Thursday 15 October 2015

Analysis of Fast Retailing

Fast Retailing, a Japanese retail and fashion group

Company: Fast Retailing

ISIN JP3802300008 | WKN 891638

Business: A Japanese retail group. They stand on a couple of brand pillars: UNIQLO (their largest brand with 1485 stores of which 852 are in Japan and 374 in China. high quality at reasonable prices), GU (319 stores offer low price fashion), Theory (501 stores offering fashion for the contemporary woman, launched in New York), COMPTOIR DES COTONNIERS (376 stores, French origin offering fashion for women), PRINCESSE tam·tam (150 stores also French origin offering "lingerie made by women for women"), PLST (a brand that belongs to and is being sold in the Theory stores) & finally J BRAND (4 stores, Californian origin offering fashion denim). My interest was aroused due to an UNIQLO store that appeared in Berlin.

Active: Highly brand based but with their biggest one Uniqlo they are present in Japan, China, Hong Kong, Taiwan, South Korea, Singapore, Malaysia, Thailand, Philippines, Indonesia, Australia, USA, UK, France, Germany, Russia and in Belgium. 

P/E: 40.8 (this one really makes me fall off my chair!)

Wednesday 14 October 2015

Extra stock bought October 2015: Deere

Deere, an American outdoor machine producer

As I mentioned in the article concerning my latest partial sale Stock sold October 2015: Kernel I did not want the money from the sale to completely leave the agricultural business. Many of you probably even guessed which company I meant in that article and if you did not then the extra hint yesterday should have done the trick.

Already when I read that Berkshire Hathaway had stepped into Deere I got interested but I found that the share price ran away a bit too fast due to the news so I decided to wait. Now the share price have come down which is also due to Deere having a tough time which is the moment when I usually seem to jump into companies. They are however buying back massive amount of shares and have kept doing so for the last years so I might even have gotten my holding cheaper than what Mr. Buffett paid for them.

I made a full initial investment meaning that I stepped in and bought 30 shares in Deere and I paid in total 2096.50 € including fees or 69.88€ per share.

To find out more regarding Deere then please take a look at yesterdays publication or why not use the easy search from which you can find out also what other bloggers have been saying about Deere.

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.

Tuesday 13 October 2015

Analysis of Deere

Deere, an American outdoor machine producer

Company: Deere

ISIN US2441991054 | WKN 850866

Business: An American outdoor machine producer. They have eight different product categories: Residential (lawn mowers), Agriculture (tractors etc.), Construction (Trucks and Loaders), Landscaping & Grounds Care (commercial lawn mowers), Golf & Sports (fairway mowers etc.), Forestry (harvesters and dozers), Engines & Drivetrain (diesel engines and generators), Specialized (military and rental). Their largest is however Agriculture and most people in countries conducting modern agriculture will have have seen the beautiful Deere logo.

Active: 30 countries world wide. Focus on US, Canada, Europe, Brazil, Russia, India and China. I was surprised to see that they did not mentioned Africa but maybe the infrastructure need to improve much more before Deere can establish themselves stronger there.

P /E: 9.1

Monday 12 October 2015

Stock sold October 2015: Kernel

Kernel, a Ukrainian agriculture and logistics company

I no longer remember where and when I wrote about Kernel and my thoughts but it does not matter. Kernel grew to the size it was in my portfolio (around 10%) due to that I kept averaging down on my share price and now the price have started to go up. If I had not done that then I would not have had the size of the holding that I now have and I would also not have been able to sell it with a small gain but now I could do this. Averaging down worked well in this case and poorly in for instance the case of Asian Bamboo. Kernel, due to the war, could have become another Asian Bamboo (or Eniro for that matter) and I have had enough of those bad investments.

Kernel is by the look of it a good company I was just no longer prepared to have 10% of my stock portfolio in it and I therefore decided to sell off around 70% to invest in other companies.

Sunday 11 October 2015

Extra stock bought October 2015: K+S

K+S, a German mining company

Well, well, well... in the end PotashCorp (analysis of PotashCorp) decided to pull back their offer and the share price for K+S dropped like a stone. I was hoping for a hostile takeover so that I would be able to sell off my shares at a fair price but instead I ended up buying more.
I find it highly fascinating that the market that has been informed from the biggest competitor of K+S that the value of the company is at least 41 € per share decides that the share price of around 25 € is more reasonable. Is the competitor working since years in the business wrong or is the market wrong? I obviously consider the market to be wrong and I increased my holding on the silly drop. As I reported in K+S report Q2 2015 they are already up at 1.66 € EPS and they pay out 40-50% of their earnings in dividends so I expect a good dividend payment for 2015.

My cash was running low so I could unfortunately only buy 43 shares at the cost of 1,070.86 € or 24.90 € per share including fees. This now gives me a total of 195 shares at a cost of 4,166 € which gives me 21.36 € per share including the fees. I have now spent all the cash that was generated from the sale of MüRe (stock sold September 2015: MüRe).

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

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.

Saturday 10 October 2015

Extra stock bought October 2015: E.On

E.On, the largest German energy provider

Just like I reported for RWE earlier this week the share price of E.On has also dropped like a stone. They also recently went out with an ad hoc saying that nuclear power plants would no longer be regarded as an asset and that they would therefore take an impairment cost. By the look of it this cost will be around 5 to 9 billion €.
It has also been decided that the nuclear energy will remain within E.On which is very much against the entire concept of splitting the company into a "clean" part and a "dirty" part.  Despite of all the troubles with E.On and RWE I am obviously so stupid that I consider that the world will only need more and more electricity and at some point in time these guys must start to make money again. When you might ask? I have no clue but until then I will wait, buy more when large drops happen and hopefully collect some dividends to keep up the spirit.

To increase my holding I bought 154 shares at a total cost of 1,136.72 € including fees which means 7.38 € per share. This now gives me a total of 400 shares and the investment is up at 4,933 € or 12.33 € per share including fees.

To find out more regarding E.On please click on analysis of E.On 2015.

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.

Friday 9 October 2015

Extra stock bought October 2015: BP

BP, a British oil giant

My British oil giant BP went from one fire to the next one which has then also caused the share price to drop down even further. The second fire which is currently running is hitting them additionally hard to to their heavy investment in Russia which at the moment gives them little to none back. As I have so often said I invested in BP far too early and probably now would have been the good moments since they are severely pushed down. Unfortunately I have not been standing on the sideline for the last 3.5 years so all I can do now is to increase my position. So I did. This investment was made possible due to my sale of MüRe as were previously reported.

I therefore bought an additional 236 shares at a total cost of 1,049.84 € or 4.45 € per share including fees. This now gives me a total of 590 shares in BP and I have invested 3041 € or 5.15 € per share including the fees.

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

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. 

Thursday 8 October 2015

Extra stock bought October 2015: Coba

Coba, a German bank

My hate affair with the German banks once again increased. I simply find that both DB and Coba have been beaten down too much to be reasonable and well... even though I wrote in the Coba report Q2 2015 that I would not buy more... I did not manage to stick to that. This investment was made due to my sale of MüRe as it were reported in stock sold September 2015: MüRe.

So I increased my holding with an additional 110 shares at a total cost of 1,028.7 € including fees or 9.35 € per share. Since I give these shares away to my nephews on their birthday my holding keeps decreasing but right now I still have around 420 shares and I have paid a total of 5,327 € or 12.68 € per share.

To find out more regarding Coba please visit analysis of Coba 2015.

With the next update of the monthly report the new change will be brought in to the Stock Portfolio.

Wednesday 7 October 2015

Stock bought October 2015: RWE

RWE, a German energy company

Since the share price of RWE have continued to drop like a stone I found it to be irresistible not to buy more. First it dropped around -30% due to nuclear and coal which then was the moment I decided to step in with a first investment and since then it has dropped an additional -50%! Due to general insecurity and at least I would say... due to the fear of a potential decrease in dividend payment. Personally I do not care what kind of dividend I receive one year as long as I believe that the company will recover and that they will once again start to pay out acceptable dividends.

This time I decided to step in by buying 150 shares at a total cost (including fees) of 1499.95 € or 10.00 € per share. This means that I am now the happy owner of 235 shares in RWE at a total cost of 3545 € including fees or 15.09 € per share.

To find out more about RWE please take a look at analysis of RWE 2015.

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.

Tuesday 6 October 2015

Stocks of Interest: October 2015

Stocks, interesting, October, 2015

Well, well, as you all know my latest investment, Volkswagen, became a seriously failed investment. Shareholder in Germany have started to hand in claims due to that the Volkswagen decided not directly to come out with the information. A problem with Germany is that it is impossible to make a class action lawsuit so each investor must file their own lawsuit. I bought my shares within this time window so I legally have the right to file a lawsuit. Should one do so?

Friday 2 October 2015

Summary of September 2015

Summary, August, 2015

It feels as if we have had an Indian summer this September. The sun is shining almost every day but at the same time it start to be cold and very soon I need to dig out my gloves and start using them as well as my longjohns.

The studies are progressing and I even think that I have managed to collect some credits due to finishing different parts of the courses. My two group members are good and we manage to get even everything done on time so that definitely helps.

Thursday 1 October 2015

German inside trading: September 2015

Inside trading, September, Germany, 2015

The share price drop have continued for another month. In many countries in Europe the yearly increase that took place during spring have now been wiped out and are even showing a bit of minus. In the US they are down by -10% for the year. The more the share price decreases the more interesting it is to observe what the managers are doing.

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

The dealings were: