Saturday 30 April 2016

Analysis of Linde 2016

Linde, a German gas & engineering company

Company: Linde 

ISIN DE0006483001 | WKN 648300 

Business: A German gas & engineering company. It is divided into three divisions: Gases (production and distribution of gases ranging from oxygen to acetylene and argon), Engineering (engineer and construction of industrial plants for gas extraction) as well as Gist (logistics and supply of gas products). 

Active: world wide in more than 100 countries with 600 affiliated companies. 

P/E: 21.1

Analysis of Infineon 2016

Infineon, a German semiconductor company

Company: Infineon 

ISIN DE0006231004 | WKN 623100 

Business: A German semiconductor company. They seem to have completely changed the structure so now they are talking about product categories or applications. Here is the list of their products: Power, ASIC, Automotive System IC, ESD & Surge & Fuse, HiRel, Microcontroller, RF & Wireless Control, Security & smart card solutions, Sensor, Interface, Transistor & Diode and finally Evaluation Boards.

Active: Claim to have 35,400 employees world wide. 

P/E: 22.4

Friday 29 April 2016

Analysis of Henkel 2016

Henkel, a German consumer products company

Company: Henkel 

ISIN DE0006048432 | WKN 604843 

Business: A German consumer products company that are divided into three business units: Laundry & Home Care (28% of revenue, product examples: Persil, Purex and Pril) , Beauty Care (21% of revenue, product examples: Schwarzkopf, Dial and Syoss) and finally Adhesive Technologies (50% of revenue, product examples: Loctite, Teroson and Technomelt).

Active: Apparently it is more important from how many countries their employees come from than how many countries they themselves are present in. Their employees come from 120 countries world wide... last year the company was present in 75 countries. Take your pick of what you find the most useful information.

P/E: 23.2

IBM report Q1 2016

IBM, Q1, 2016, front page

My American turn around IBM arrived with their first quarter report for 2016. The report was seriously bad and I am pretty sure that the share price dropped significantly but I no longer remember with how much. I was very disappointed with what they showed.

Thursday 28 April 2016

Intel report Q1 2016

Intel, Q1, 2016, front page

The first quarter report from Intel was not that well accepted and the share price dropped on the day of the release. Personally I was pretty neutral to the report and if one had high expectations regarding the report and the future outlook then one did not get too excited about this report because almost every outlook was down compared to their previous forecast for the year.

Analysis of Heidelberg Cement 2016

Heidelberg Cement, a German construction supplier

ISIN DE0008469008 | WKN 846900 

Business: A German manufacturer of building materials. They are the global market leader in aggregates and a prominent player in the fields of cement, concrete and other downstream activities such as ready-mixed concrete, concrete products and concrete elements.

Active: 40 countries and at 2,380 locations. 

P/E: 18.6 

Wednesday 27 April 2016

Analysis of Enel 2016

Enel, an Italian energy company

Company: Enel 

ISIN IT0003128367 | WKN 928624 

Business: An Italian energy and gas company. They have hydroelectric, thermoelectric, nuclear, geothermal, wind, solar and other renewable power plants. They also have the network not only for electricity but also for gas pipelines in large parts of Italy. 

Active: Present in over 30 countries. Heaviest involvement in Italy and Iberia. 

P/E: 16.7

Analysis of Fresenius 2016

Fresenius, a German health care investment company

Company: Fresenius 

ISIN DE0005785604 | WKN 578560 

Business: A German health care holding and investment company: They own fully or parts of: Fresenius Medical Care (own 31%) that work with dialysis, Fresenius Kabi (own 100%) treatment of chronically ill patients, Fresenius Helios (own 100%) having 111 hospitals and clinics (in Germany mainly) for acute treatment of patients and finally Fresenius Vamed (own 77%) helps with projects and management business of health care facilities.

Active: World wide via their holding companies. FMC in 40 countries, Kabi in around 60 countries, and Vamed over 70 countries.

P/E: 26.3

Tuesday 26 April 2016

Enel annual report 2015

Enel, annual, 2015, front page

Nooo! Yet another ball dropper because the annual report from Enel arrived in the end of March. The problem with Enel is that they arrive with the reports from all their daughter companies before they then at some point publish the report for the group. This seems to confuse me each time and is the reason for this ball dropper. Share price has slowly climbed up, also for Enel, since the mad-cow hysteric February drop.

Dividend from Coba: April 2016

Coba, a German bank

My first ever real dividend from Coba was paid out now in April. I have previously made a "dividend" booking on it but that was a failed sale of share rights which I neither wanted to or should have done. Coba is still not out of the woods but they themselves at least consider themselves to be so close that they even decide to pay out a dividend. Personally I think/hope that they will not be forced to take any further impairment costs due to old garbage. I am however certain that the future will bring new issues.

For my 530 shares I received a total of 106 € or 0.2 € per share. I do not have to pay any taxes on that and therefore the full 106 € are paid in as cash to my broker account. This then gives me a YoC of 1.6% which is awful but at least it is a start.

To find out more about Coba then please visit analysis of Coba 2016.

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

Monday 25 April 2016

Analysis of FMC 2016

FMC, a German dialysis producer and service company

Company: FMC 

ISIN DE0005785802 | WKN 578580 

Business: A German medicinal products and service company that are mainly active within the dialysis field. The equipment is sold to hospitals, clinics as well as private people so that they can perform the dialysis at home on their own. The maintenance of the equipment and the exchange of filters is a growing market year by year. 

Active: Present in 50 countries world wide and are running 3,418 dialysis clinics. Their products and services are offered in 120 countries.

P/E: 22.7 

Sunday 24 April 2016

Analysis of Deutsche Telekom 2016

Deutsche Telekom, a German telecom compan

ISIN DE0005557508 | WKN 555750 

Business: A German telecom company. They are still working according to their four operating segments: Germany (fixed network and mobile communications), Europe (fixed network and mobile communications), USA (mobile communications) and finally Systems Solutions (products for multinational business clients).

Active: 50 countries, heavy in Europe and Germany. 

P/E: 21.9

Saturday 23 April 2016

Analysis of Deutsche Post 2016

Deutsche Post, a German mail, parcels and logistics company

Company: Deutsche Post 

ISIN DE0005552004 | WKN 555200 

Business: A German global mail and logistics company. They still have four divisions: Post-eCommerce-Parcel (domestic mail services and all the parcels coming from the growing e-commerce business), Express (transportation of urgent documents and goods from door to door), Global Forwarding & Freight (the air, ocean and road freight transport) and finally Supply Chain (warehouses, logistics services and value added services). 

Active: World wide in over 220 countries. 

P/E: 20.7

Friday 22 April 2016

Analysis of Deutsche Börse 2016

Deutsche Börse, a German stock exchange company

ISIN DE0005810055 | WKN 581005 

Business: A German stock exchange company. They still have their five business areas but now they are differently called: Listing, Trading, Clearing, Post trading and finally Market Data & Service. It must also be mentioned that they are pushing a merger with the London Stock Exchange.

Active: In over 110 countries world wide.

P/E: 21.0

Thursday 21 April 2016

Analysis of Daimler 2016

Daimler, a German automotive producer

Company: Daimler 

ISIN DE0007100000 | WKN 710000 

Business: A German automotive company. They have several brands and to list a few: Mercedes-Benz Cars (Mercedes-Benz and Smart), Daimler Trucks (MB, Freightliner, Fuso etc.), Mercedes-Benz Vans (MB and Freightliner), Daimler Buses (MB and Setra) and then they have Daimler Financial Services (leasing). All the brands can be found here. They also have the car rental service called Car2Go and it costs 29 ct/min. 

Active: World wide in over 200 countries. 

P/E: 7.9

Wednesday 20 April 2016

Dividend from Gerry Weber: April 2016

Gerry Weber, a German fashion retail chain

My failed German retail investment at least have the decency to pay out dividend to the shareholders and for this I am... well... I was about to write grateful or happy but neither of those words are correct so I will just leave it as empty space. The thing is that the management is not bad in allocating the money. For instance had they not bought Hallhuber when they did then things would have been an even bigger disaster today so that was obviously a very correct decision.

I have 50 shares in Gerry Weber and for each share (after almost cutting the dividend in half) I ended up getting 0.4 € which means that I got paid out 20 € as cash to my broker account and no taxes were removed. This gives me a very disappointed YoC of 1.9%. 

To find out more regarding Gerry Weber then please visit analysis of Gerry Weber 2016.

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

Tuesday 19 April 2016

Analysis of Continental 2016

Continental, a German automotive supplier

ISIN DE0005439004 | WKN 543900 

Business: A German automotive supplier. They are still divided into two groups: The Automotive group and the Rubber group. Under these two groups there are five divisions: Chassis and safety, Powertrain, Interior, Tires and ContiTech. These five divisions produce brake systems, systems and components for powertrains and chassis, instrumentation, vehicle electronics, tires and technical elastomers. It looks as if they are on their way to create a new segmentation of the company but it does not yet seem to be fully in place.

Active: In 53 countries world wide. (I found no new figure)

P/E: 14.0

Monday 18 April 2016

Analysis of BMW 2016

BMW, a German automotive company

Company: BMW 

ISIN DE0005190003 | WKN 519000 

Business: A German car and motorcycle producer. They have three segments that they speak of: Cars (with BMW, Mini and Rolls-Royce), Motorcycles (with the BMW brand) and finally Financial Services. In cooperation with Sixth they also have DriveNow which is a car sharing system. 

Active: World wide sales of their cars and motorcycles. 

P/E: 8.1

Sunday 17 April 2016

Analysis of Beiersdorf 2016

Beiersdorf, a German consumer products company

Company: Beiersdorf 

ISIN DE0005200000 | WKN 520000 

Business: A German consumer products company. They used to have three segments that were carried by their top brands but these days their homepage is screaming no plan is also a plan. They have several different brands but the top four are: Nivea, Eucerin, la prairie and Hansaplast. The only attempt of a structure that I could see was "We care" with focus on Products, Planet and People.

Active: World wide in over 200 countries (I found no new value)

P/E: 30.1

Saturday 16 April 2016

Analysis of Bayer 2016

Bayer, a German life science company

Company: Bayer 

ISIN DE000BAY0017 | WKN BAY001

Business: A German life science company. They stand on four pillars at the moment with additional investments. The pillars are: Pharmaceuticals, Consumer Health, Crop Science and Animal Health. The additional investments are 60% in Currenta and 69% in Covestro.

Active: Present world wide with heaviest focus in Europe and North America.

P/E: 21.1

Friday 15 April 2016

Analysis of Allianz 2016

Allianz, a German financial service company

Company: Allianz 

ISIN DE0008404005 | WKN 840400 

Business: A German financial service company. They offer six different products / services: Private Insurance (Car, Health, Family House etc.), Business Insurance (large and medium sized companies), Asset Management (fixed income products, stocks and commodities), Global Lines of Business (reinsurance, life insurance and real estate), Global Services and Assistance (assistance, health & automotive) and finally Sustainable Solutions (micro-insurance and investments). 

Active: Over 70 countries with 85 million customers (apparently still). 

P/E: 10.2

Wednesday 13 April 2016

Gerry Weber report Q1 2016

Gerry Weber, Q1, 2016, front page

Due to my mistake this report arrives in quick succession to the annual report and therefore the conclusion regarding the share price development has not changed. The company is not doing well and I would like to mention once again the comment my mother said last autumn (ok, it is a new season now so things can have changed) when we entered the store... "it looks as if the cloths are for old women!". My mother is 70 years old and from this I must then conclude two things. One: I really have no clue who buys cloths at Gerry Weber. Two: Retired women today considers, apparently feels and obviously acts and wears cloths that are targeted towards younger customers.

Tuesday 12 April 2016

Fast Retailing report Q2 2016

Fast Retailing, Q2, 2016, front page

The Q2 report arrived from Fast Retailing and the reading was not pretty. The share price dropped by a bit over -3% and well... I agree with the market on this one... the report is awful.

Monday 11 April 2016

Dividend from ETF Austria: April 2016

DB, the holder of my ETF Austria

The title of this is not 100% accurate since I actually did not receive a dividend paid out as cash because this ETF fund is thesaurierend as it is so nicely called in German and it simply means that the dividends are directly reinvested back into the fund.

I have 80 shares in ETF Austria and for each share 0.61 € were reinvested giving a total of 48.94 €. This is the equivalent of 1.6% which is very bad. Very bad indeed!

To find out more about ETF Austria please click on the link.

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

Sunday 10 April 2016

Kernel report Q2 2016

Kernel, Q2, 2016, front page

My agricultural and logistics company Kernel arrived with their Q2 report for 2016. The share price have generally been doing well so what is there then to be happy about?