At 18 th july the portfolio got increased with a position in Norwegian, NAS.OL. It is a big low cost airline, that has had bad Q2 reports, but they have good prospects after heavy investing in long-distance air planes that had some starting problems and had some financial impact. The future outlook is very good, and I expect easily a 20-30% increase in the near future when the stock rebounds to “normal” territory.
My portfolio can be seen on: http://almaasconsulting.net/TraderIdeas/
I have invested in Gjensidige Forsikring ASA, GJF.OL. A norwegian bank and insurance company. They are paying high dividends, and has the following on their home page:
New dividend policy from and including the accounting year 2014
Gjensidige targets high and stable dividend payouts to its shareholders.
The Board targets a payout ratio over time of at least 70 per cent of profit after tax. When determining the size of the dividend, the expected future capital need will be taken into account.
Over time, Gjensidige will also pay out excess capital above the targeted capitalisation.
I find this promising and will build a certain amount of stocks for this company.
Check: TraderIdeas for my current portfolio.
I would like to inform that I have launched a new web-site:
This page shows all my trades, current positions, a watch list from stock screening and youtube movies about trading. It is just the beginning. I would in the future add more about where to find resources, trading strategies, money management etc.
Try the page and give me a feedback if there is something that is missing or other things you feel should have been there.
I have now performed some changes on my portfolio. I have increased my position on the dividend paying stock Fred. Olsen Energy ASA, FOE.OL. The reason for this is it has fallen a lot the last days and I see the potential to increase my holdings there when it’s share price is quite low. This stock is as I have written before a good dividend paying stock, and if it continues to pay the same dividends next year as it has been doing then the current dividend yield is at almost 13%. And that’s not bad. So my portfolio is now heavily on dividend paying stocks, above 50 %, but I think that is ok.
Further I would consentrate on finding stocks for trading in shorter perspective, and transfer the profit(if any) to dividend paying stocks. I have now enough in FOE.OL, and would now try to find good dividend paying stocks in an other sector. FOE.OL and the other stock Ocean Yield ( OCY.OL) is in the same sector.
If anyone can recommend good dividend paying stocks so just give me a hint. I would like to try stocks on other exchanges than the norwegian. So far only stocks for short time trading have been found on foregin stock exchanges.
Well that’s all for now.
Here is a little update from the happenings on friday 20.06.2014. On this day I made purchase of a new stock, the australian company Regis Resources NL(RRL.AX)I was a bit unlucky with my entrance because it made a big jump from the start.. And exited a bit lower at the end of the trading day. The setup can be seen below with the graph below. My entry point was originally 1.64, but ended at 1.745.. so I lost some points there. My goal for this trade is in the area of 2.01 -> 2.2. The point 2.2 is just above where the great fall in the stock price happened. I will try to make money on the gap filling. Regis Resources is a mining company, that has a great loss in stock price lately, and I have read on news from people that follow the company that the fall in stock price is too much, so I think a correction would come and profit on this. I found this stock from my new stock screener that I would write in an other blog.
I have also made an other investment in the Funcom stock, Funcom.ol. This is because it had a big dip lately, and I found it interesting to make an entry, since I believe this stock should almost double at these levels. So far it hasn’t paid of since I paid 5.62 NOK and now it is at 4.98 NOK. It has fallen from 6.30 NOK. Another reason for the trade is that their game has come in open beta now, and I hope for positive responses that this can give some energy boost for the stock. Well thats all for now., se figure under for Regis Resources. FYI, I am now working on a webpage that I would link to from here. There all my own recomandations, trades, trade history, resources etc could be found. All my trades since the beginning of my career would be there, with the gains/losses for each trades also. I hope you would visit the page and also comment if there is something that is missing.
Today I made a new investment after the good sale from yesterday. The stock I bought today is for dividends. I do have some of these stocks from before, and I have now increased my holdings. The stock is Fred. Olsen Energy ASA, FOE.OL. FOE is an international drilling contractor that operates in the mid- and ultra deep water segment. The company pays good dividends once a year, it is declared in may and paid in june. The reason that I invested in this now is that it recently started trading ex. dividend and the stock price has fallen also to 52-week low. I thought it was a good time to add some new stocks to my portfolio. I bought it at 164.90 NOK pr. share, and that’s quite cheap if one sees on historical prices. Comparing the dividends that will be paid at 20th June, a total of 20 NOK pr share, one can see that it has a good dividend yield.
For more information aboute Fred. Olsen Energy AS, visit their homepage
Historical prices for Fred. Olsen Energy AS, FOE.OL
This trade would not be the only dividend – paying stock that I would invest in. I would continue to invest in stocks that pays good dividends to ensure a stable income in the further, and not only relying to get the good trades each time. More on this strategy will come in other postings, and in the trading strategies page.
My first trade, Karoon Gas, KAR.AX that was for a long time on trading halt was opened for trading again on 2nd June. It opened at 3.94 AUD, and that implied that my position got emptied. From having a solid minus on that position I ended with 36.33% in gain, before trading costs and currency conversion costs( I am from Norway and trade in NOK). The gain was very good, much more than I hoped so I could say that I got an superb start on trading with my new strategy. But, being honest, this gain is not because of the trading strategy. It was because of the results from the trading halt.
For the other stocks in my portfolio this is the current gain/loss:
Cairn Energy Plc, CNE.L : 7.55%
Funcom, Funcom.OL : 14.02%
Silver Lake Resources Ltd. : 6.15%
So from this update one can see that the current standing is quite positive. I could have taken profit from Funcom, but I have set target at 8 NOK, and now the price is 5.53 NOK. I would see in the next few days if I should take the profit or just let it go and see if I hit the target. For Cairn Energy Plc and Silver Lake Resources Ltd, it looks promising, but I would wait some more for taking profit.