Dividend from ABF: July 2014

Associated British Foods pay dividends twice per year. The first one is the ordinary payment and it is paid out in January and then now in July they arrive with an extra dividend payment when things are going kind of well and since it is going well they paid it out. To find out more about ABF please see the analysis of Associated British Foods (ABF) 2013.

So I received 0.097 GBP per share and I have 100 shares which gives me 9.7 GBP with the conversion rate of 0.7946 I end up with 12.21 € paid out as cash to my stock broker account. The good thing for me is that the UK and Germany has a tax agreement which means that I pay no taxes in the UK and will only start paying taxes in Germany once my capital income goes above 810 earned euros.

The Stock Dividends page has now been updated.

Analysis of Banco Bilbao (BBVA)

Company: Banco Bilbao (BBVA)

ISIN ES0113211835 | WKN 875773

Business: A Spanish financial institute. It is currently divided into two business areas: Geographical (with Spain, Eurasia, Mexico, South America and the United States. In each region they are providing different services and since Spain is home base there they offer everything to their customers) and the second one is Global (with Corporate and investment banking, Global lines of business and Digital banking). Two me this looks as if they could not decide upon one strategy and instead went both directions with eight business bosses when it should have been either three or five of them.

Active: Europe mainly Spain but also UK and Portugal, in Asian only China and India, South America they are present in several countries and in North America in the US and Mexico.

P/E: 25.1

Personalized Index Fund A: July 2014

As can be seen in the graph above DAX did continue to beat PIF A for the entire year and we ended up with DAX being 26.46% up while the Personalized Index Fund A only increased with 18.90% (which is still around 25% better than what I accomplish with my stocks).

Analysis of Yandex

Company: Yandex

ISIN NL0009805522 | WKN A1JGSL

Business: A Russian/Dutch internet company. Their headquarter is in Russia but they are registered in Amsterdam. They have three business segments in this Russian "Google": Online Services & Mobile Applications (for their 100 million customers to help them with their internet needs), Technologies (the biggest Russian search engine with the infrastructure that follows) and finally Education & Research (run their own math & programming education to teach their future employees and to be able to hand-pick the best ones).

Active: Main activity is in Russia but they are also present in Ukraine, Kazakhstan, Belarus and Turkey.

P/E: 29.8

Analysis of ABB

Company: ABB

ISIN CH0012221716 | WKN 919730      

Business: A Swiss power and automation company. They are divided into five segments: Power Products (circuits, switches, capacitors and power distribution), Power Systems (solutions for power generation plants, transmission grids and distribution networks), Discrete Automation & Motion (motors, generators, robotics and DC chargers), Low Voltage Products (low-voltage circuit breakers, switches and control products) and finally Process Automation (solutions for control systems, measurement products and life cycle services).

Active: They are currently active in 100 countries world wide.

P/E: 19.0