Analysis of Aareal Bank 2015

Company: Aareal Bank

ISIN DE0005408116 | WKN 540811

Business: A German bank specialising in property. They have two larger segments: Structured Property Financing (offers financing concepts for hotels and retail etc.) and secondly Consulting/Services (services for housing, commercial property as well as waste disposal and energy markets in terms of electronic banking and mass payment transactions).

Active: They have three regions: Europe, North America and Asia in total they are present in 25 countries when including the Baltic States.

P/E: 5.9 (P/E5: 14.2 though!)

Analysis of Loews 2015

Company: Loews Corporation

ISIN US5404241086 | WKN 851615

Business: An American conglomerate run by the Tisch family. They now hold four principal subsidiaries: CNA Financial Corporation, Diamond Offshore Drilling, Inc., Boardwalk Pipeline Partners and Loews Hotels & Resorts. Loews are a bit similar to Berkshire Hathaway and their biggest earnings source right now is the insurance subsidiary CNA. The rest of the group is doing fairly poorly.

Active: Main focus is the US.

P/E: 24.61

Comment: Due to the general oil crisis I wanted to go back to take another look at this conglomerate hoping that the price had gone down to a more acceptable level.

Extra stock bought December 2015: Coba

Based on what I wrote yesterday regarding European banks this investment decision should not be a big surprise to any of you because also Commerzbank is traded at a P/B of 0.44 at this very moment. That is, frankly put, silly. It has taken a long time and obviously it will take even longer but I have no fear to be heavy into the German banks. The only thing is... missed opportunities that one have while waiting for the turn-arounds to turn around. Can one calculate that? Should one calculate that?

This then also finishes the investment round for the year 2015 since now we must wait for the final salary of the year from which we will then by stocks in January 2016. During the year around 22k € was pushed into stocks which is 10k more than my running plan but I guess I will speak more of that in another article now in the end of the year.

An additional 100 shares were bought at a total cost of 1,035 € including fees. This then gives me a total of 522 shares at a total cost of 6,362 € including fees or 12.19 € per share.

To find out more regarding Coba please visit analysis of Coba 2015.

With the next update of the monthly report the new change will be brought in to the Stock Portfolio.

Stock bought December 2015: Deutsche Bank

I read an article not that long ago concerning European banks. Unfortunately I did not save the link but what they mentioned were that European banks have for the last 30 years, on average, been trading at a P/B of 1.87. The Swedish banks that have done very well in the past and are currently doing ok are traded at around that level. So it makes sense to and I accepted the article as if it was correct what they stated. 

If I accept that that is correct then on the other hand how can I accept that Deutsche Bank is being traded at a P/B of 0.44 today? Especially considering that the two CEO crooks have been kicked out and a news captain is running the show with, by the look of it, an iron fist of justice.

I therefore decided to build up my DB holding and I bought 39 fresh shares at a total cost of 932.2 € which today gives me a total of 280 shares with a full investment of 7,843 € including fees or 28.01 € per share.

To find out more about DB then visit DB analysis 2015.

If you want to see my current Stock Portfolio then click on the link but the portfolio will not be fully updated until the end of the month.

Dividend from TJX: December 2015

TJX once again paid out dividend to me as the excellent shareholder that I am. Since I lately go more and more often to do my shopping there + the dividend payments are not very high I am still at a loss compared to what I have bought. Hopefully one day that it will be the inverse! Hmmm... that would be a funny target to have: Getting more in dividends from the companies which products you use than what you spend on their products.

For my 32 shares I received 6.72 USD which got converted to 6.35 €. From this 1.62 € was taken as away as taxes and I ended up with 4.73 € on my broker account as cash.

To find out more about TJX then please visit analysis of TJX.

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