Münchener Rückversicherung preliminary result 2013

One of my probably most solid investment came out with a press release yesterday and it can be found here. All the details that I bring up in this short summary are coming from that release.

Upon the release the market made a little victory dance around the bonfire and the share price jumped up a bit more than 1% but during the day it slowly went down, down, down. What was then in it?

Summary of January 2014

The sad thing this month is that I was forced to hold my investment due to my unfortunate situation with the company. It seriously disturbed me and much more then what I would have expected. I hope that I one day will be able to get at least 12,000 € in dividend per year so that I can keep up the monthly investment of at least 1,000 € per month. I know that at some point it will become a rolling schedule with sold companies, dividend payments etc. but I am today several years away from that situation to start occurring both when it comes to receiving enough dividend for making one monthly investment and secondly to have healthy enough companies that can be sold at a nice profit.

After some serious calculations on my private economy as well as the companies it should be enough that I give it a credit of 2,500 €. It has been a very frugal month and without dropping below zero on the bank account, as well as without selling any shares, I actually think that I will be able to make that payment now in February. More simply put... If I do not then the company will lack the liquidity to pay the bills which could quickly lead to insolvency and six years of my life down the drain so I should not allow that to happen.

Now back to the important things and enough of my sob stories!

Deutsche Beteiligungs annual report 2013

My only investment company DBAG came out with their annual report for 2013. I seem to have dropped the boll a little here because I had missed two things: 1. Is that DBAG is running a broken year which ends in October and 2. I thought what came out last week would be the preliminary results so I was poorly prepared for receiving a massive annual report that had to be read. The market had no response to it which is good news in my eyes.

The report from which all the information has been extracted can be found here.

Analysis of IBM 2014

Company: IBM

Business: An American IT service giant. That today are divided into four segments of which the hardware is getting smaller and smaller by selling it off to for instance Chinese Lenovo. The segments are: Software (Websphere, Information management & Tivoli), Services (IT, business consultancy etc.), Financing (giving credit to companies to afford to buy the Software & Service products) and finally Hardware (servers and Power Systems).

Active: They are a global play like all the American giants and are currently present in over 170 countries.

P/E: 11.8

German inside trading: January 2014

Once again it is time to show the graphically ugly Inside Trading image that I constructed in excel during a five minute intensively focused session. So once again we will take a look at what they key figures have been up to here in Germany. Did they sell shares buy shares or as I see... have they done both?

Dealing during January: