Dividend summary 2016

For the previous report please visit dividend summary 2015.

The first year (2012) of investment I received 461 € in dividends. The second year (2013) I received a total of 1,367 € however from this 653 € was due to selling share rights to Commerzbank, leaving 714 € in real dividends. The third year (2014) I received a total of 1,025 € in dividends of which 70 € were due to sale of rights leaving me with 955 € in real dividends. In the fourth year (2015) I received 75 € due to sale of rights for Eniro and additionally 1,852 € in dividends. In my fifth year of investing (2016) I received 400 € as special dividends which was E.On handing out Uniper to me and 2,071 € in normal dividends.

So the yearly dividends are increasing year by year which is good but I am still disappointed with 2016.

The dividend that I am receiving based on my total stock portfolio was 2.3 % which I would like to see improve in 2017 but for that to happen I need to start buying stocks so it is all based on me taking / getting the time for doing it. The dividend increase in comparison to last year poor with only +12% which is also bad. Things must change!

The stock portfolio development 2016

As all of you know my target in the end is to reach 750 k€ invested on the stock market that will be my retirement fund. This means that I should not forget to every now and then look at the development for reaching this target.

For the previous please visit the stock portfolio development 2015.

As can be seen in the graph above my plan is working well. In my first year (2012) of investment I ended up with a stock portfolio in the value of 17,659 € which was 4,744 € more then my plan required. In the second year (2013) my stock portfolio grew with 73 % and ended up with a value of 30,623 € which was 4,723 € above my target meaning that I managed to stay ahead of my plan but I did not manage to increase this advantage. In the third year (2014) my stock portfolio grew with 57% and I ended up with a value of 48,208 € which is then 8,333 € ahead of my investment plan which means that I managed to double my advantage during 2014. In the fourth year (2015) my portfolio grew by 53% and I am up at a value of 73,579 €. My plan was to have a stock portfolio of 54,915 € in the end of 2015 which means that I am now 18,664 € ahead of my plan.

During my fifth year (2016) which was horrible in terms of new investments my portfolio still grew by 20% and the value is up at 88,414 €. According to my plan I should have had stocks for a value of 71,102 € in 2016 which means that I am still 17,312 € ahead of my plan which is good but it is still disgraceful that I did not manage to increase the difference and that it even decreased in comparison to last year! Very bad! I need to improve this during 2017.

The only reason for why I am ahead is still only because of that I have managed to push in much more money each month than what I calculated from the beginning. The strategy was to invest 1,000 € per month which would have given 12,000 € fresh euros during 2016 but instead I managed to push in around 15,000 € so 3,000 € more than according to plan. This can also be seen in the graph below. That the invested versus the current value of the portfolio are very strictly following each other so I am definitely not a good stock picker.

Conclusion: The only thing saving me is that I keep pushing in more and more and more money into stocks. I will keep doing this for many more years since that is the only way to get the snowball rolling and to start getting a size of the stock portfolio that will one day be able to sustain itself as well as being able to hand out enough dividends for a cheap person to live on.

End of year overview 2016

For the fourth time I will now make an end of the year summary regarding my current holdings. Some companies have been with me for a longer time and a few companies have been with me for a shorter time in my stock portfolio. This year was a year focused on work on not on my companies. In the end... one must always focus on what pays out the most money and even though my dividend payments are not insignificant they are still far from being able to support and pay for my life as I live it today. Very few companies entered the portfolio during 2016. I bought an ETF Portugal because their work ratio looked so good. I then bought shares in the company that I started working in which I consider to be a necessity and then I received Uniper as a gift from E.On. when it comes to calculations then to me the generated value is (share price * shares + dividend - trading fees).

Dividend from TJX, Intel, IBM and BP: December 2016

From my 32 shares in TJX I received 7.81 € in dividend. From this was taken 1.17 € in taxes and I received 6.64 € in cash on my broker account.

To find out more about TJX then please visit analysis of TJX 2016.

From my 135 shares in Intel I received a total of 32.95 € in dividend. From this was taken 4.95 € in taxes and I received 28.00 € as cash on my broker account.

To find out more about Intel please visit analysis of Intel 2016.

From my 25 shares in IBM I received 32.90 € in dividend. From this was taken 4.94 in taxes and I received 27.96 € as cash on my broker account.

To find out more concerning IBM then please check out analysis of IBM 2016.

From my 800 shares in BP I received 75.29 € in dividend. No tax was taken from it and I received the full amount of 75.29 € in cash on my broker account.

To find out more about BP then please click on analysis of BP 2016.

To see my total dividend flow then please visit the Stock Dividends page that has now been updated. 

Summary of November

The report is once again late and this time it is due to that we went for a twelve days vacation to Cape Verde and it was the first proper vacation that I took this year so I needed a bit of sun. Around 30 degrees each day and sun, sun, sun. This was my first all inclusive trip and in the beginning it was dangerous with testing everything that was on offer. At some point one did get a bit fed up and simply took what one assumed or knew that one would like... I also ended up doing 2.5 hours of beach volleyball and 30 minutes of water fitness each day which was a nice and welcoming change to what I have been up to during the autumn. Focus has during the entire autumn been to establish myself 100% in my new job. This has now succeeded and next year I will turn my focus slightly more back to myself and especially my own health, via more sport, will be on the agenda.

For the previous summary please visit Summary of October 2016 and here you can see my stock portfolio as it is.

The total invested value is now up at: 87,939 € including a realised loss of -3,757 €. No stocks were bought.

The value of the portfolio is today: 88,414 € and spread out I now have around 546 € in cash on the account. The combined unrealised and realised loss is now at: 475 € (1%) which is bad but better than it has been for a long, long time.

DAX made a giant leap forward during November and went up to 11,285 points which means an increase of +5.8% compared to last month. My stocks did however to better and increased with  6.5% during the same period. 

Conclusion: This is now the third month in a row that my stocks perform better than DAX we shall see how long that can keep up. My banks, energy (oil + electricity) as well as car companies are still all massively pushed down even though the banks have started to recover a little from their latest rock bottom dive.

Dividend from Deere and Fast Retailing: November 2016

For my 30 shares in Deere I received a total of 16.28 € and from this was taken 2.44 € in taxes which left me with 13.84 € in cash on my broker account.

To find out more about Deere then please visit analysis of Deere 2015.

For my 6 shares in Fast Retailing I received in total 8.55 € and from this 1.31 € was taken in taxes which left me with 7.24 € on my broker account in cash.

To find out more about Fast Retailing please visit analysis of Fast Retailing.

To see my yearly dividend earnings then please visit the Stock Dividends page that will shortly be updated.

Summary of October

My thumb sucking did mess me up seriously. I should have sold my Adidas shares when the opportunity was there. I failed and they have dropped a lot and the pound has once again started to increase. *sigh*

I am late with this report simply due to too much to do with work.

Also... I still do not have time to keep things up as I would have liked to with this blog. I am sure that my time situation will improve again which is the only reason why I do not stop in completely. One must however always focus on what puts the bread on the table. Neither my stocks via dividend payments or my dealings with stocks are able to do this so I must push my day-time job and become better and better at performing it. This is my current focus which means I am not very active in answering questions nor in performing the analysis of requested companies. Sorry.

For the previous summary please visit Summary of September 2016 and here you can see my stock portfolio as it is.

The total invested value is now up at: 87,939 € including a realised loss of -3,757 €. I increased my position in ABF.

The value of the portfolio is today: 82,700 € and spread out I now have around 2,546 € in cash on the account. The combined unrealised and realised loss is now at: -5,239 € (-6%) which is bad.

DAX increased slightly during October and it is now up at 10,665 points which means 1.7% which makes me beat it because I ended up with 2.2% for the running month.

Conclusion: At the moment the world is a strange place to be in and yet it has not been so peaceful as it is for a long, long time. Please never forget that even though things are strange the companies will still keep selling their products and keep making profits. I did not expect Trump to become president but he will take over and where there are / will become issues with trade then factories or outsourcing will probably be on the agenda with the US as it will be the case with the UK.

Stock bought October 2016: ABF

I have for a long time been interested in increasing my holding in ABF but it always felt hard to do so due to the share price increase that I had had on that investment.

Due to all the complications with Brexit etc the share price of ABF have dropped so significantly that I decided to step in and buy some more. I now bought this in my British stock ISA account which makes everything a little complicated due to currency effects. One could argue that I can any day sell the shares and directly move it from my German EUR stock account to my British GBP so I might as well keep it as one investment under one umbrella in EUR and I will therefore do it like that... for now...

I bought 77 more shares in Associated British Foods for a total cost of 2173 EUR in that price is included 24.62 EUR in fees which is an outrage and tells me that the UK is even one step further behind Germany and twenty steps behind Sweden when it comes to the general public holding shares in companies. I now hold 177 shares in ABF with a total cost of 3849 EUR or 21.75 EUR per share including the various fees.

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

Energy report Q2 2016

In the energy group I pushed in Cez, E.On, Enel, RWE and Uniper. The only company that have done semi good for the last couple of years has been Enel and E.On is the big value destroyer. After reading the report from Uniper I know see how E.On made themselves "clean" and  "green" after being forced to keep the nuclear. They have leased out all their nuclear plants including a lot (all?) of the liabilities to badabum! Wait for it.... wait for it.... Uniper! When a government force you to do something then as always... if there is a will then there is also a way.

Cez

For the report in full please go here, to see the previous summary please visit Cez report Q1 2016 and to find out more regarding Cez then click on analysis of Cez 2016.

In the financial statement below we can see that the happy days in eastern Europe, if they ever started, have definitely started to be mixed in with some bitter sweet ones. For the running 6 months we are down with almost -6% in sales and the net incomes is down by almost -11% which is no good at all. Everything looks ok besides from this drop in sales which drags down everything. 

Conclusion: Last quarter it looked as if Cez had things under control by having decreased costs to follow the decrease in sales. This quarter the costs seems to have caught up with them and earnings have made a significant drop especially considering that they were up at 9.9 billion CZK after the first quarter. They do however still make money which is not always the case in this line of business which means they are doing ok. I will remain a grumpy shareholder.

E.On.

For the report in full please go here and to see my previous summary please visit E.On report Q1 2016 and to find out more about E.On then please go to analysis of E.On 2016.

In the financial statement below things are not looking bright. The sales keep dropping year after year, quarter after quarter. They had almost no earnings to report in Q2 and due to handing out Uniper to their shareholders we end up with a big, big minus for the period. One would have hoped that Uniper then at least looks good but we all know that hope is what dies last.

Conclusion: Things are for the fourth year in a row looking bad for E.On and what I thought would be one or two tough years have ended up being a long running show with few viewers. I should have left a long time ago and yet I remain as a grumpy shareholder.

Enel

For the report in full please click here and for the previous summary then visit Enel report Q1 2016 and to get a better feeling for Enel then please take a look at analysis of Enel 2016.

In the financial statement things are looking ok. The first reason for claiming that is because yes, they are also decreasing their sales but still Enel comes out with some good earnings and have not been forced to write down anything for the 10th time in a row so yes I am happy with this. Sales down, costs down and earnings flat.

Conclusion: Enel is doing ok. Many other companies are forced to split up their business but Enel does not have to do this which means that their future progress might be even better and they will for sure jump up on the list of largest European energy providers.

RWE

To read the report in full please go here, to see the previous summary then click on RWE report Q1 2016 and to see the previous analysis of RWE 2016.

As can be seen in the financial statement below also for RWE the sales are decreasing as well as every other company. Costs are not down and with some heavy finance costs we end up with as little as 0.74 € per share which is much less than last year but then a large part of the "earnings" came from sale of business.

Conclusion: RWE is doing so, so. They have also decided to split up their business in the future just like E.On did so we shall see when that rabbit arrive to the portfolio. I will remain as a shareholder in RWE.

Uniper

To read the report in full then please go here. Unfortunately I have neither analysed nor written any previous reports regarding Uniper.

What can I say... anything that Dr. Teyssen have kept his fingers on is apparently a company going down the drain. It is sick to see how Uniper is doing and what they are forced to take on from E.On.

In the financial statement below we see a crazy decrease in sales. We see large costs and very large depreciation. I also love to see "other operating expenses" that are in the size of 6.8 billion € and yet was apparently not deemed important enough to get mentioned in a note. We are talking about a share price of Uniper in the size of 10 € that are reporting losses in the size of -23 € for the first half of this year. Well done!

Conclusion: By the look of it Uniper is off to a good start helped along by our all time favourite Dr. Teyssen. I would not be chocked if they would ask their shareholders for more money soon. I need to think a little what to do with this holding.

Overall conclusion: The energy sector is still not healthy. Some of them are able to present a bit of earnings but one never knows if they have yet to do another write-down on something which makes it very difficult to be a shareholder. My contrarian thought that one could just walk in and buy any company when an entire branch drops is by the look of it wrong. One must still be very selective and maybe even more so since it does indicate that some of them could go under.

Summary of September 2016

Two steps forward one step back. One of my employees is mentally not very well. Part of the reason for why this employee is doing such a good job is probably due to this reason which makes it into a fine line for me to walk on. It causes a lot of headaches because in the end I am not a babysitter and employees must sometimes be expected to pull themselves together and to separate private life from work.

A guy sitting in the same position as me have started to look over everything that I and my team is doing and try to nail us whenever possible. It makes me tired to continuously defend off this kind of stupidity and I find it amazing that people even devote time on such destructive matters. I had to take a fight with him last week to start to sort him out slightly because several in my team are scared of him. *sigh*

I am once again interested in selling my Adidas shares. I find them far too expensive and once again the GBP is very low. I might end up sucking on the thumb once again on this one.

My new studies have started and I have already finished one exam. I have around 1.5 more chapters to read and then I am ready to make all the final assignments for that study. The speed of it is dreadful which makes me forget that I even have it running in the background.

I have neither added more money nor have I managed to buy something on my Stock ISA account. I plan to bring in a bit of money to it this month also but the big must is really to start buying some shares but I never seem to have the time to look into it these days.

The immigration situation of Brexit is getting more serious. Do I want to buy a house and remain in a country that does not want to have me? Sure my company would sort it all out and with ease due to my education and position but do I want to stay? Buying a house has gone from "let us do it next year!" to "hmmm... let us keep saving for it but the reason to buy is decreasing for each month so we hold on that one".

For the previous summary please visit Summary of August 2016 and here you can see my stock portfolio as it is.

The total invested value is now up at: 85,766 € including a realised loss of -3,757 €. I made no new investments during the month but I did receive Uniper from E.On.

The value of the portfolio is today: 78,813 € and I now have around 546 € in cash on the account. The combined unrealised and realised loss is now at: -6,953 € (-8%) which is bad.

DAX dropped down during September and it is now down at 10,491 points which means -1.8% which makes me beat it because I ended up with ONLY -1.6%.

Conclusion: Even though my banks have once again managed to take it down to the lowest of the lowest of the third lowest level that I did not even know existed I have had some other shares to counter that such as Adidas that is very strong at the moment. Last time I spoke not so highly of Cameron and this time I will add in Theresa May for pushing what 37.3% of the population asked her to do. She does it by the book as if it was an assignment given by the teacher in third grade with a task that could be easily made. Sometimes in life one must take a step back and admire stupidity. This is one of those moments.

Open question on banks

Due to that I have two German banks that have not only share price-wise  but also earnings-wise have performed among the worst of the German and European banks I started thinking about their book value. Both DB and Commerzbank are now trading around 0.2 to 0.3 in book value.

Most other companies would have started a massive share buy-back program but the banks do not. 

Why do they not do that? Losing too much leverage? Do not care about the shareholders? 

Chemical report Q2 2016

In the chemical group I decided to push in BASF, BP, Fugro as well as Tessenderlo. Fugro is indeed not a chemical company but it is very strongly influences by the chemical industry and especially then the oil industry that I decided that it makes more sense to bring them in here. If I will see a dramatic change in the business for Fugro then I will know that BASF and BP is once again taking off and start to see the end of the tunnel.

BASF

For the report in full please go here and for the latest summary which was the BASF report Q1 2016 then please click on that link and to find out more about The Chemical Company then please visit analysis of BASF 2016.

In the financial statement below there is not much to be happy about. The revenue has definitely crashed for BASF and it is now down by -27% the only good part there is that they have tightened up their costs that are happily down by -33%.This year they additionally have not held a party for 0.5 billion € so we end up with almost 2.5 billion € in earnings which is pretty similar to the party year so it is not good but at least they are showing earnings.

Conclusion: BASF is struggling and their oil and gas business is down on its knees with -86% in revenue. Disturbing enough also the Chemistry is down by -15% which really surprises me since that goes against my thoughts. I will of course remain as a shareholder in BASF.

BP

For the report in full please click here and to see the previous summary regarding BP report Q1 2016 or why not take a look at the latest analysis of BP 2016. 

In the financial statement below we can see how hard BP is still suffering. The revenue was increased for Q2 in comparison to Q1 2016 but still it is far from what it was back in 2015. We can see that Rosneft start to recover a little so the flow from associates have kicked up a little but still I do not really see the light in the end of this tunnel based on these figures. Th earnings are yet again a loss in the size of, for the half year, 2 billion USD. I do not know if it should be stated as being light in the end of tunnel but they have increased their spending on exploration... Let us see if any of that has gone to Fugro.

Conclusion: BP is still doing awful. Crashed revenue, crashed earnings and for us poor shareholders the cannibalising continues with paid out dividend and a strongly decreasing equity that follows. I understand why they do not stop it but sometimes one really should. I will remain as shareholder.

Fugro

For the report in full please go here and to see my previous summary then visit Fugro report Q2 2016 and to find out more about Fugro then please click on analysis of Fugro 2016.

In the financial report below things are not a rose garden for Fugro. Revenue has crashed from 1.2 billion to less than 1 billion €. They keep firing people and selling out not only vessels but also entire divisions. Right now they are eating up the few retained earnings that they had from the good years and we can even see that their backlog is dying. They very strongly emphasise that many customers are pulling back their contracts within the oil and gas industry. So that BP increased their exploration does not seem to have landed in the hands of Fugro.

Conclusion: Fugro is still not doing well and they will not until oil prices goes up much higher. They are cutting, cutting and cutting which is purely a matter of surviving which makes it very sad for me to watch as a shareholder. I should never have entered in Fugro but I will not sell them at this time.

Tessenderlo

For the report in full please click here and to see my previous summary then please visit Tessenderlo report Q1 2016 and to find out more concerning Tessenderlo then please go to analysis of Tessenderlo 2016.

From the statement below we can see there has not been any large changes when one compares 2015 with 2016. The revenue is pretty much flat, costs have decreased ever so slightly and we end up pretty much the same earnings as we had in 2015 for the running six months.

Conclusion: Tessenderlo made that jump up from disaster to back on track in 2015 and as of yet they have not managed to bring it to the next level of having increased revenue and earnings. I am sure that it will come soon enough and I do not mind if I have to wait another year for it. I will remain as a shareholder in Tessenderlo.

Conclusion Overall: The chemical sector is not doing very well. Most of them have dropped back in revenue and earnings and if you are a service company to that sector then you will have serious problems right now.

Dividend from IBM and BP: September 2016

For my 25 shares in IBM I received a total of 31.11 € and from this was taken 4.67 € in taxes and I received as cash on my broker account 26.44 €.

To find out more concerning IBM then please check out analysis of IBM 2016.

For my 800 shares in BP I received in total 70.77 € and from this no taxes were taken and I received the full amount as cash on my broker account.

To find out more about BP then please click on analysis of BP 2016.

To see my total dividend flow then please visit the Stock Dividends page that has now been updated.