Analysis of Turbon

Company: Turbon AG

Business: A German producer of laser toner cartridges. They have in a way two different areas: Laser Toner Cartridges (were they offer replacement toners from recycled parts when possible to almost any laser printer included fax machines) and then Turbon Brands (they make the replacements for IBM & HP printers, as well as having the brands Evergreen, Keymax and Premium/PrintMaster).

Active: They sell their toners world wide wherever the printers and fax machines are.

P/E: 7.7

Dividend from BP: December 2013

As the pleasant and nice shareholder that I am I once again received dividends from BP. This time I received 24.24 € for my 350 shares (taxes 6.39 €) and unfortunately I made the mistake of deciding to take it as stocks this time. The reason for why this was a mistake was due to that my stock broker had a nice provision fee of 19.9 € for that transfer so I ended up paying a lot of money for four lousy extra shares so that will never be done again. If I would have bought my four shares as a normal trade I would only have paid a fee of 7.9 € up to 3,000 € trades so go figure how out of proportion it is for me to pay 19.9 € in provision.

So... I now have 354 shares of BP and the invested price jumped up significantly.

The Stock Dividends page has now been updated.

in bed with the flu

Currently I am not in as good form as I would have liked to be and are squeezing the bedlinens for comfort while wishing that my flu will go away. I am glad that I did manage to keep up the posting of articles over the holidays and pretty soon also MDax will be done which means that more interesting companies can be found and analysed.

I got a highly disturbing phone call from my business partner which means I will have to add more money to my company. The bad news for me is that the only way to do that is by selling shares which I really hate to do. So the question becomes.... Which shares to sell? Sell the weeds and realise the loss? Sell the flowers and realise the profit? Sell things in the middle were nothing much has happened?

I will shortly be back on my feet again and then the articles will keep coming.

Analysis of Rheinmetall

Company: Rheinmetall

Business: A German supplier for the automotive and the defence industries. The automotive is divided into three segments: Hardparts (pistons and pistons systems), Mechatronics(pumps and valves) and finally Motor Services (parts for the spare part market). The Defence is also divided into three segments: Combat Systems (turret and weapon stations, self protection, armoured vehicles), Electronics Solutions (air defence systems, sensors and various simulation systems) and finally Wheeled Vehicles (logistical and tactical vehicles).

Active: Mainly Europe and Germany (28% of sales) are expanding in North America and Asia were they are already present but less so then what they would like to be.

P/E: 9.3

Analysis of Rational

Company: Rational

Business: A German machine producer that are producing high tech thermal units for the preparation of food in professional kitchens. They have four product lines: SelfCookingCenter, CombiMasterPlus, Special Versions and finally Accessories.

Active: Main presence is without doubt Europe. A little in North and South America and in Asia.

P/E: 29.5