Sold Stocks during December 2022

 

Hmmm... In the end of November the high inflation, prices for gas an electricity was getting to me and my thoughts were as follows. I want to get rid of RWE since it has increased too much and I'm not overly joyed about their energy production so then I might as well balance the massive share price gain by getting rid of some long standing bad investments (German banks!) in my German broker account. So I did.

Secondly... The dollar is high, inflation should lead to higher prices in the fast food chains and people have less spending power meaning they should (but will they though) reduce how much they spend in the fast food chains. I should potentially not have sold off McDonalds since they are not a fast food chain, however, property prices are also going down. I'll keep an eye on McDonalds moving forward.

Restaurant brands bought for 6,438.30 € and sold for 7,580.74 € with a profit of 1,142.44 € (17.7%) and additionally I've received 85.79 € in dividends.

Yum! bought for 5,317.92 € and sold for 5,752.46 €, leaving a profit of 434.54 € (8.2%) and additionally I've received 83.58 € in dividends.

Stock Y was bought for 4,387.05 € and sold for 1,093.06 €, giving a loss of -3,293.99 € (-75.1%).

McDonalds was bought for 4,806.72 € and sold for 7,220.49 €, leaving a profit of 2,413.77 € (50.2%) and additionally 223.65 € was paid out in dividends.

RWE was bought for 4,581.29 € and sold for 13,929.30 €, with a profit of 9,348.01 € (204.1%) and additionally I've received 1,652.50 € in dividends.

VW was bought for 2,003.14 € and sold for 1,623.34 €, with a loss of -379.80 € (-19.0%) and additionally 339.96 € had been paid out in dividends.

Deutsche Bank was bought for 9,483.77 € and sold for 4,204.58 €, giving a loss of -5,279.19 € (-55.7%), over the years I've received 807.45 € in dividends. Held since 2012.

K+S was bought for 5,195.89 € and sold for 4,647.95 €, giving a loss of -547.94 € (-10.6%), additionally I've received 724.40 € in dividends. Held since 2013.

Commerzbank was bought for 7,649.76 € and sold for 5,736.56 €, causing a loss of -1,913.20 € (-25.0%), additionally I've received 905.30 € in dividends over the years. Held since 2012.

My average holding time of divested companies are now at 3.35 years.

Dividends during May 2022

 

Several dividend payments were made during the month of May of which some were more substantial than others...

TJX paid out 17.65 €, 2.65 € going to taxes leaving me with 15 € in cash on my broker account.

RWE provided me with 297 € of which 78.33 € went to tax and 218.67 € ended up on my account.

BASF made a hefty payment of 476 € however 125.54 € went to the taxman and I ended up with 350.46 €.

Talanx paid out 128 €, 33.76 € to taxes and 94.24 € as cash to me.

H&M paid out 186 € and 23.13 € was withheld in taxes, leaving me with 162.87 € in cash.

K+S provided 48 €, 12.66 € to taxes, giving me 35.34 € in cash.

VW paid out 90.72 €, of which 23.92 € went to the taxman and I received 66.80 € in cash.

E.On. paid out 196 €, also here tax of 51.69 € was removed, and I got 144.31 € on my broker account.

DB paid out 84 € with 22.15 € withheld and 61.85 € as cash on my account.

And finally Intel paid out 45.97 €, US withheld 6.89 € in tax and I received 39.08 € to invest into new ventures.

Dividends during July 2021

 

From the infamous German car manufacturer VW I received 58.32 € in dividends after which the taxman took some and left me with 42.94 € as cash on my broker account.

ABF the conglomerate owning Primark also decided to make a payment and from them I received 14.37 € as cash on my broker account.

Dividends during October 2020: Nike, VW and Skanska

 

For my 40 shares in Nike I received 8.31 € from this 15% was kept in taxes and I received a total of 7.06 € as cash on my broker account.

My only car company VW paid out 58.32 € in dividends for the 12 shares and after taxes had been removed I received a total of 42.94 € as cash.

The final dividends came from Skanska of which I have 250 shares, and they paid out 77.63 € to me of which the tax office kept some leaving me with 54.32 €.

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

Analysis of VW 2020

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. They have seven essential group values, that considering not that long ago, are simply a joke.

Active: World wide with sales in 153 countries. 

P/E: 4.8

Here you can find the previous Analysis of VW 2018. 

The P/E for VW is excellent with 4.8 as is the P/B with 0.5 which gives a clear buy signal from Graham. The earnings to sales are so, so with 5% and the ROE is not the best with only 11% while the book to debt ratio is at 0.3 which is also not superb but these days all these companies have leasing as part of their model for making the sales.

In the last five years they have had a yearly revenue growth rate of 3.4% which gives us a motivated P/E of 12 to 15 which means that VW is undervalued by the market.

The spend a large chunk of money on R&D since it corresponds to almost 100% of their earnings.

They pay a dividends in the size of 5% which happily corresponds to 25% of their earnings so there is room for improvement if so desired.

Future: Means of solo and multi-people transportation will be around for a long time. If that car is running on electricity, petrol, gas etc. is a different story. Few car companies are bound to use a specific source of "fuel" besides from Tesla. I do believe that VW will be able to change to what is required of them and if not then they can hopefully make a take-over of a company that already has what they need.

Conclusion: It is indeed a go for Graham and also for me even though I am still annoyed about the diesel-scandal and me buying the shares just before that took place. I am half interested in increasing my holding.

Dividends from RWE, VW, Hugo Boss, BASF, Talanx, Fast Retailing, E.On, H&M, K+S, DB and ETF Russia: May 2018

May has been a massive month when it comes to dividends but I am still far from what I need to get for securing retirement.

From my 330 shares in RWE I received in total dividends in the size of 495 €. From this the German government happily removed 130.55 € in taxes and I was left with 364.45 € as cash on my broker account.

To find out more about RWE then please click here.

In VW I have 12 shares and in total they paid out 47.52 €. Also here taxes were removed in the size of 12.53 € and I received out 34.99 € in cash.

To find out more about VW then please click here.

Also Hugo Boss paid out dividends and for my 35 shares I received in total 92.75 €. Germany once again took taxes in the size of 24.46 € and I received a total of 68.29 € as cash.

To find out more about Hugo Boss then please click here.

The wonderful chemical company BASF paid out dividends on my 80 shares in the size of 248 €. In this case I paid 38.43 € in taxes and therefore received 209.57 € paid out as cash on my broker account.

To find out more about BASF then please click here.

My only insurance company Talanx paid out 112 € for my 80 shares and from this was taken 29.54 € in taxes which left me with 82.46 € in cash.

To find out more about Talanx then please click here.

For my 6 shares in Fast Retailing I received a gift of 9.18 €. On this I paid 1.41 € in taxes which left me with around two beers or 7.77 € in cash.

To find out more about Fast Retailing then please click here.

My 400 shares in E.On gave be 120 € in dividends even though they probably could have used that money more wisely. From this was taken 31.65 € in taxes and I received 88.35€ in cash on my broker account.

To find out more about E.On then please click here.

For my 603 shares in H&M I received a total of 285.34 € in dividends. From this was taken 35.49 € in taxes and I received 249.85 € as cash in my hand.

To find out more about H&M then please click here.

My only mining company K+S paid out 84 € in dividends for my 240 shares. The German government once again comes with their little fingers and removed 22.15 € which gives me in the end 61.85 € as cash on my account.

To find out more about K+S then please click here.

These guys could and should really not have paid out a dividend but still for my 420 shares in DB I received a total of 46.20 €. From this 12.18 € went to taxes and I was left with 34.02 € in cash.

To find out more about DB then please click here.

My 550 shares in ETF Russia reinvested a total of 101.16 € and no taxes were paid out on this.

To find out more about ETF Russia then please click here.

That was everything for the month of May I wish that it would be like this every month.

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

Analysis of VW 2018

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: 7.6

Here you can find the previous analysis of VW 2016. 

The P/E for VW is excellent with 7.6 as is the P/B which is only at 0.8 which gives a clear buy signal from Graham. The earnings to sales are so, so with 5% and the ROE is not the best with only 10% while the book to debt ratio is at 0.35 which is also not superb but these days all these companies have leasing as part of their model for making the sales.

In the last five years they have had a yearly revenue growth rate of 3.2% which gives us a motivated P/E of 10 to 15 which means that VW is undervalued by the market.

The spend a large chunk of money on R&D since it corresponds to over 100% of their earnings.

They pay a tiny dividends in the size of 2.3% which happily corresponds to 17% of their earnings so there is room for improvement but by the look of things they tend to enjoy to keep the money.

Conclusion: Graham directly says yes and I am also not negative however what nags in the back of my head is that harder times will come and probably more sooner than later. Anyway the P/E and P/B is excellent while the ROE and dividends are not something to brag about. I will remain as a shareholder.

VW annual report 2017

To read the report in full please go here and to read the previous summary then please click on VW annual report 2016 and to find out more regarding VW then please visit analysis of VW 2017. 

In the financial statement below we can directly see that VW is back on their feet again. The revenue is up from 217 to 231 billion € and the earnings have gone from 5.4 to 11.4 billion €. It looks very good at the moment for VW. 

Conclusion: VW have started to do well again and their earnings are up at a high level again. The consumer world seems to be happy and highly active and apparently likes to buy German cars. I realise that I should have bought more on the dip during diesel-gate (I am sure more will come) but my experience from BP with the length and final costs simply made me cautious to do so. In this case it was probably wrong but in the next situation and case it might be a correct decision again. Future will, as always, tell. I will remain as a shareholder. That said as a life advice for building a stock portfolio to all of you: please do not buy new cars and try to drive the car you have into the ground.

Analysis of VW 2017

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: 13.4

Here you can find the previous analysis of VW 2016. 

The P/E for Volkswagen is pretty good with 13.4 and the P/B is excellent with 0.8 which gives a very clear buy signal from Graham. The earnings to sales are not very impressive with 2% and neither is the ROE with 5.6%. The book to debt ratio is also on the low side with 0.3.

In the last five years they have shown a yearly revenue growth rate of 2.4% which is ok but also not much more which then gives us a motivated P/E of 10 to 14 which means that VW is today fairly valued by the market.

They pay out a silly dividend in the size of 1.5% which correspond to only 20% of their earnings so hopefully they will be able to keep this level unless there are any more unpleasant surprises around the corner.

Conclusion: Graham says yes and so do I. The P/E and P/B is great and they should be able to increase their earnings which will bring up the other values. The only reservation that I have is how many more costs will arrive due to the Diesel gate. USA tends to be very fast and EU is acting more slowly but they tend to get there in the end. I will remain as a shareholder but I will not buy more.

VW annual report 2016

To read the report in full please go here and to read the previous summary then please click on VW annual report 2015 and to find out more regarding VW then please visit analysis of VW 2016. 

In the financial statement below we can see that things are going a little bit better again for VW. The revenue kept growing and the earnings are, well, not as they have been in the past but we can see a direct increase with the 5+ billion € that they could bring home. The costs for special items was halved compared to in 2015.

Conclusion: VW have seen better days but also worse. Hopefully by cleaning up their act we will not see these kind of blunders for as long as I will remain as a shareholder in VW. I still worry about what a structure built on fear can cause for a company and if I own any more such companies today?

Dividends from Deere, VW, Fast Retailing, K+S, Talanx, BASF, DB & Hugo Boss: May 2017

Sorry for the long title but plenty of companies have paid out dividends during the last month and since I no longer have so much time I just try to bunk them all together as much as possible.

For my 30 shares I received 16.44 € in dividend. From this was taken 2.47 € in taxes and I was left with 13.97 € as cash on my broker account.

To find out more about Deere then please click here.

For my 12 shares in VW I received a total of 24.72 € in dividends. From this was taken 6.51 € in taxes and I was left with 18.21 € as cash on my broker account.

To find out more about VW then please click here.

For my 6 shares in Fast Retailing I received a total of 8.47 €. From this was taken 1.30 € in taxes and I was left with 7.17 € as cash on my broker account.

To find out more about Fast Retailing then please click here.

For my 240 shares in K+S I received in total 72 € in dividends (awful!). From this was taken 18.99 € in taxes and I was left with 53.01 € in cash on my broker account.

To find out more about K+S then please click here.

For my 80 shares in Talanx I received in total 108 € in dividends. From this was taken 28.48 € in taxes and I was left with 79.52 € as cash on my broker account.

To find out more about Talanx then please click here.

From my 47 shares in BASF I received a total of 141 €. From this was taken 37.18 € in taxes and I was left with 103.82 € as cash on my broker account.

To find out more about BASF then please click here.

From my 420 shares in DB I received 79.80 € in dividends. From this was taken 21.04 in taxes and I was left with 58.76 € as cash on my broker account.

To find out more about DB then please click here.

From my 35 shares I received 91 € and from this was taken 24 € in taxes which leaves me with 67 € as cash on my broker account.

To find out more about Hugo Boss then please click here.

To see my total dividend flow then please visit the Stock Dividends page that will soon be updated. It should be mentioned that this will not become a good year for dividends for me.

Automotive report Q2 2016

Due to that I had missed the filing of VW Q1 report I of course include that in this report. To read the report in full please go here and to read the previous summary then please click on VW annual report 2015 and to find out more regarding VW then please visit analysis of VW 2016.

Conclusion: In Q1 VW did not do very well. The sales revenue were down by a couple of %-age according to them due to exchange rates. They did however deliver more cars. More people seems to be leasing their cars because their financial services showed a nice growth for the quarter. Not so good is the drop in earnings that were around -20%. Still the company made money. I like when my companies make money in each quarter.

In the Q2 report from VW there are some unpleasantness named special items that is in the size of almost -2.5 billion EUR. I do not like special items that decrease results.

Conclusion: They are still pretty flat compared to in 2015 and they keep claiming lowered  revenue due to exchange rates. Without the "special item" the earnings for VW would have been ok but with it, as it is now, we are down by over -35% in earnings which is a lot.

Here we have the report from our Russian friends in Avtovaz that decided last spring to kick out the Swedish CEO. Did they do any better I wonder? For the report in full please go here and to read my previous summary please click on Avtovaz report Q1 2016 and to find out more regarding Avtovaz then please visit Analysis of Avtovaz 2016. 

Conclusion: The sales are down a little for the running half year but they have still not managed to get costs under their control which is bad news. They have a wonderful impairment cost that made me laugh. The new CEO seems to like financial engineering. This huge impairment cost comes from a discounted cash flow model concerning the situation in Russia today and what that might look like in the future and if they will not reach their targets in 2019. So... eh... yeah... let us add that as an impairment cost in the size of 20% of our current revenue because that sounds about correct.

Dividend from VW: June 2016

VW was, I guess, forced to pay out a minimum amount of dividend which lead to this silliness... For my 12 shares I received 2.04 € of which I then paid 0.53 € in taxes and received 1.51 € as cash on my broker account.

To find out a bit more regarding VW then please visit analysis of VW 2016.

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

Analysis of VW 2016

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: -40.7 (P/E5: 5.7)

VW annual report 2015

How they mighty shall fall and especially how quickly it happens. 2015 was a tough year for Volkswagen and the share price have dropped dramatically during the year based on the discovery of the cheating. It is interesting to see how one man, the CEO, can destroy a company so quickly by doing what they think is correct and probably thinking and believing that they are excellent leaders. Mr. Winterkorn, in the end, proved to be such an incompetent leader that not only did he not know what was happening under his command but he built a culture that scared people from speaking up. That takes plenty of ignorance, arrogance and incompetence to accomplish that over so many years. That said... over the years with him as the captain he did accomplish an amazing journey for VW and it is a pity that it ended like it did because now he will most likely be remembered only for how it ended. It is a tough balancing act and one probably needs to reinvent oneself when sitting as a CEO for many years in these large companies. Some manage to do this and others do not. For many years he pushed VW into what they are today a force to be reckoned with AND it was the reason why I bought it in the first place. So, yes... he must be blamed... he was the captain... but he did much good and one must remember both.

VW report Q3 2015

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...

Stock bought September 2015: VW

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. 

Analysis of VW 2015

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