Analysis of Danske Bank

Company: Danske Bank

Business: Classical banking with all that is included in that. It is the biggest bank in Denmark.

Active: Denmark and all the Nordic countries. As many of the Nordic banks they are also present in the Baltic countries. They have some interest also in Ireland. Denmark is however generating almost half of their revenue.

P/E: 24.1

Analysis of Comdirect

Company: Comdirect

Business: Online banking. Providing bank accounts, credit cards, trading of stocks etc. etc. to over 7 million customers.

Active: Currently only active in Germany. It is more or less a daughter to Commerzbank since they own 80% of the stocks last time I checked.

P/E: 19.2

The next revolution

Sometimes it is interesting to think about what will come next and what that will mean for us in the future. Since the last 20 to 30 years we have had an internet revolution. This revolution has created a broad range of companies that are not only providing software (Microsoft, Oracle, SAP, Linux) but also hardware (Intel, Qualcomm, HP, Lenovo, Ericsson) and then there are all the service companies (Google, Amazon, Yahoo) and all the support companies that are running along. Very impressive when one start to think about all of that and how quickly it has grown up and how much money these companies today generate.

Summary Mai 2013

Another bad month for we versus DAX from last month DAX has increased by 3.6% while my stocks have decreased with 4.2%. In real values my invested money is 28261.6 € with a current value of 23444.73 €. I will unfortunately not be able to invest into more stocks for the next two months due to two reasons. One is that I will probably have to invest money into my own company and the second is because I want to build up a cash deposit of around 10%.

For the full portfolio report please go here.

If you have suggestions for stocks that I should analyse then please go here. And what you try to publish will not appear directly because I always screen it first so as soon as I have read it it will appear.

Analysis of Espirito

Company: Espirito Santo Financial Group S.A

Business: A financial holding company doing banking, insurance as well as investment banking.

Active: Main activity is in Portugal with insurance and classical banking. With the investment part they are more spread out in Spain, France, Switzerland, Brazil (good connection via language and old ties), USA, Angola and China.

P/E: 3.7