Trimmed: NEL ASA

This is once again something I might regret later but I trimmed my NEL ASA position today and sold 1000 shares for 33,63 NOK per share. Cost basis for these was 4.6 NOK per share. Quite nice profit in that sense. There’s really no specific reason for this. I just decided to take some of the profits now. My long term view really hasn’t changed as I still consider NEL to be a buyout target for bigger players. In current environment it’s really difficult to say when that might happen – if it will happen at all – but the sector in general is likely to boom for years to come. I would also be amazed if there’s no significant pullback in the near future. Some of the sector plays have gone through the roof lately and correction there would probably pull NEL down as well. I might buy back these shares (and then some) should that happen but let’s see. For now don’t mind holding some cash.

Recent Buy: CapMan Oyj

Just another maintenance purchase and once again it’s CapMan. I bought additional 46 shares for 2,255 EUR per share. CapMan has performed quite well lately. Long term view is also still in place. This is a sector which is very likely to see some M&A activity and it’s very likely that CapMan will be involved in a way or another.

Recent Buy: 3M & AT&T

Nordnet had black friday campaign with no fees for US stocks. I used this opportunity for some dividend reinvestments and bought 5 shares of 3M for 178,6 USD per share and 30 shares of AT&T for 29,038 USD per share. Nothing special here with these picks. Solid companies for long term dividends though both have had their short term challenges.

Recent Buy: CapMan Oyj

Tiny maintenance purchase just so that my CapMan share amount is in full hundreds. Market is up today so I might have to wait with other purchases but buy is a buy even if it consists of 35 shares bought for 2.035 EUR per share.

Recent Buy: Fortum

US elections are approaching fast, COVID-19 is picking up speed for new waves and stock markets are heading down. Quite expected I would say. I bought additional 56 Fortum shares for 16,395 EUR each. Nothing new there. Sure, (political) risks are still present but then again winter is coming as well. I’ll probably make at least a single US purchase around the elections with existing US dollars. I’m also eying something from Stockholm as I have a SEK pile burning a hole on my pocket.

Recent Buy: CapMan

Tiny maintenance purchase with 25 shares of CapMan bought for 1.98 EUR per share to keep the streak going. Strict cash balance reservation didn’t allow bigger purchase this time around. Let’s see how the market moves in coming weeks. I might dip into my reserves if we see bigger moves.

Recent Buy: Fortum

Minor maintenance purchase time. I bought additional 14 shares of Fortum for 16.925 EUR per share. Fortum appears to be very reasonably valued at the moment even though there are clear risks as well. Unfortunately significant amount of those risks are of political nature. Still, it’s possible that political reasons might eventually work also in favour of Fortum. This could happen e.g. via European investments on hydrogen economy in which Fortum/Uniper is reasonably well positioned. I might increase my stake in Fortum with larger chunks later on. This was just maintenance purchase to consume some leftover cash.

Recent Trades: CoreCivic, Aflac & Sampo Plc

Time for some trades. I sold my tiny CoreCivic position which consisted of 160 shares for 8,60 USD per share . In retrospect should have moved a lot quicker when they announced the plans to dump REIT structure. It might very well be a good long term move but I have my doubts and it will anyway take a long time to materialise. This move allows me take the loss for taxes and I might trade it later if the plan is executed well enough.

In addition to that I bought additional 44 shares of Aflac Inc. for 35.28 USD per share. It’s been a long time since the last addition. Aflac is one of those companies that seems to be consistently reasonably valued. It represents the lower but more consistently growing dividend in my portfolio. That’s something I’ve come to value even more in times like these.

Third one is a bit special one. I bought additional 330 shares of Sampo Plc for 30,57 EUR per share in my secondary portfolio. This is the exact amount I’m holding in the primary portfolio. This short term overweight position is protected by stop loss order in the primary portfolio which I can drop without taking a tax hit.

Recent Buy: Apple Hospitality REIT

Minor maintenance purchase with a bit more risk this time. I bought additional 100 shares of Apple Hospitality REIT for 8.76 USD per share. Minor addition as the post-COVID era isn’t with us too soon I’m afraid. I’m betting my money on it anyway but not fully – yet. World might look marginally brighter already in Q1/2021 but perhaps real recovery will happen in 2022. By then I might have doubled my Apple Hospitality stake.

Recent Buy: Sampo Plc

This was a bit unexpected but Sampo has been dropping now that news about it’s discussion to acquire british Hastings Group hit the news. Apparently these discussions have proceeded quite far but since the possible valuation has not been revealed, it’s really difficult to have any opinion about it. What we do know is the fact that Sampo’s market cap has likely dropped way more that the anticipated price for Hastings Group stake. Apparently Mr. Market doesn’t like this move even though it does make sense in many ways but might put pressure on the dividends and might also raise some concerns about the future of the Nordea stake they are holding. There are plenty of open questions but I bought additional 60 shares for 30,40 EUR per share.