[gcl]

Good morning,

 

J’ai ajouté Thales à mon portefeuille.

 

En forte baisse actuellement, mais pas assez de liquidités pour baisser le PRU.

 

Je vais aborder les actions américaines lorsque j’aurai terminer les actions BEL/FRA/NA.

 

J’observe les Aristocrates du dividende.

 

[gcl]

Et sinon, ce portefeuille semble aller dans le bon sens?

 

Actuellement, je suis à un rendement brut légèrement au dessus de 3% sur mon PRU, j’espère qu’avec le temps j’obtiendrai 5%…

 

Avec des PV prises de temps à autres, mais la, il y a encore du chemin à parcourir, et des PRU à baisser!

[gcl]

I try to ensure that my portfolio is well diversified in the end.

 

I like real estate because the dividends are generous.

 

Once the portfolio is built, I will practice passive monthly investment as recommended in a very practical book, whose author manages a site that you surely know: the happy investor. 

[gcl]

Good morning,

 

Some news:

 

Kering

Unilever

Colruyt

Danone

Technip

RDSA

Essilor

Philips

Solvay

Corio

 

Following a drop of 15% on my Technip PRU, I reinvested to lower my PRU, which unbalanced my portfolio in the Energy sector.

 

Subsequently, Technip went back up, and when I was at PV of 8%, I resold the excess so that my Technip line returned to the average of the other lines in the portfolio.

 

With this recovered amount, plus the cash in my portfolio, I bought some Philips.

 

This was my first sale with a long-term perspective.

 

In the line of sight:

Cofinimmo

Befimmo

Ageas

Schneider Electric

Gemini Cape

Elia

 

I think my portfolio should be complete after these different purchases, I will then proceed to reinforce the weakest lines to gradually smooth out my PRUs.

 

Good day!

[gcl]

I should have kept Nyrstar…

[gcl]

Good morning,

 

I bought Essilor and Royal Dutch Shell A (AEX).

[gcl]

Good morning,

 

I fixed my mistake by selling Nyrstar (loss of 4 euros, nothing terrible).

 

On the other hand, I went up on Technip, at its lowest level in 52 weeks, and fundamentally stronger than NYR.

 

So, currently:

 

Colruyt

Unilever

Technip

[gcl]

And there you have it… I couldn’t resist my old speculation demons…

 

I opened a half-line on Nyrstar… We are at historic lows, and the dividend is nice…

Currently all my positions are positive, even if I know perfectly well that PV are not necessarily the goal sought on this forum...

[gcl]

Good morning,

 

I'm thinking of taking Royal Dutch Shell on the AEX if it falls to 24 euros.

 

A little opinion on this company and its serious dividend level?

 

THANKS!

[gcl]

Added to my watch list:

Wolters Kluwer: Revenue, FCF, Net income increasing. 20% payout ratio. Dividends for the past 3 years increasing, and estimated 2014 and 2015 dividends increasing. 2013 dividend of 3.38%, beta of 0.81.

 

On the other hand, is at its 52-week highs. With such ratios, I think I'll be happy with a "halfway" between + highs and + lows.

 

Good day!

 

PS: Yes, 100% European at first, because I will buy in 100-150 euros to start. With fees of 8-9 euros for US stocks, this is too big a percentage.

When I have a good basic portfolio, I could space out my purchases to approach the US market (like buying 400 euros at a time)

[gcl]

Indeed, it works now.

 

My current watch list:

Inbev

Elia

GBL

Solvay

Pernod Ricard

BIC

Casino GP

Danone

L'Oreal

Boiron

Air Liquide

 

Shopping (I'll put my wallet on the forum)

Colruyt (halfway between 52-week high and low)

Unilever (near 52s low)

 

I expect us to get close to the 52-week low. I think I'm less severe for Belgian stocks: to be halfway between the high and the low (which is the case for Colruyt).

[gcl]

Good morning,

 

EBITDA is not a ratio, but "EV/EBITDA" is. I have read here and there that it is more reliable than PER, on the "Becoming a Rentier" website I think, in one of the Newsletters.

 

From a purely value "stock picking" perspective, it seems to me that we should choose companies with an EV/EBITDA lower than 8. But I don't know if this is useful from a growing dividend perspective.

 

What criteria do you use for P/B?

 

PS: it is very hard to connect to the forum, yesterday it was impossible.

The forum "log in" function is not working.

I have to go through one of your strategies, register as a member, enter my login and password, and only then can I come to the forum... It works every other time. And whether it's on my private PC or my professional PC, it's the same thing...

[gcl]

Ok, so I can remove the revenue increase element.

 

But doesn't a company whose turnover is divided by 2 or 3 from one year to the next represent a risk for the future?

 

(I have absolutely no mastery of fundamental analysis, I'm feeling my way here and there).

 

I understand the importance of the distribution ratio very well, I still have to study the rest.

 

Among my criteria, are there any that are superfluous? Or should they be replaced by more effective ones?

 

With a view to increasing dividends, what about PER, p/b, p/s, ev/ebitda etc? Useless?

 

THANKS!

[gcl]

Be careful, it seems logical to me that when the indices are going crazy, you absolutely have to be wary of a stock that is at its 52-week low.

 

On the other hand, it seems correct to me to capitalize during bullish phases, and to do your shopping during correction phases.

 

So, if 3/4 of the Bel20 stocks are close to the low, it is time to buy the selected stocks.

 

I have made some more progress, for the moment I have:

Inbev, Colruyt, Elia, GBL and Solvay.

 

Good evening!

[gcl]

Good evening,

 

I have no sentimental criteria in my future stock choices.

 

If I am looking at Belgian stocks as a priority, it is because of the taxation on dividends.

 

25% for Belgium, + national taxes, this means that as soon as I leave Belgium, the dividends are taxed at more than 40%…

 

My first selections will therefore be based on:

– dividends (increasing if possible),

– max distribution ratio of 60%,

– increase in turnover,

– increase in free cash flow,

– increase in net profit

– beta <1

– close to the 52-week low.

 

What do you think about these criteria? Should I add anything?

 

By these criteria, I also spotted AB Inbev, with the only flaw being a beta of 1.4 and we are quite far from the 52-week low.

 

Also Elia, but whose Free Cash Flow decreased in 2012…

 

I have reached the letter "E" of the Bel 20 shares, then I will move on to the other Belgian shares.

 

Colruyt lost 3% today

 

 

[Author]

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