First quarter is now over and it can perhaps be best described as unexpectedly quick rebound from previous quarter. Main dividend portfolio value increased over 15% in value during the quarter. Received dividends totalled 1442,40 USD including one time extra dividend from BHP Billiton. Main problems are still in place as the trade war tensions between US and China have not been resolved and the brexit resolution was once again pushed forward. Main portfolio is currently in maintenance mode in order to deleverage while waiting for better opportunities and some kind of resolutions for the main problems in global economy. One extra ingredient in this are the local elections which might end up changing the local tax environment from quite bad to extremely bad. This remains to be seen.
I was originally thinking about initiating a position on Powercell Sweden to complement the primary hydrogen position in NEL ASA. I decided to skip on it for the time being and initiate a position on Hexagon Composites instead. I’m still looking into fuel cell manufacturers but let’s see if I’ll ever pull the trigger. For now I will most likely focus on building a minor position on Hexagon. This initial position consists of mere 70 shares bought for 30,85 NOK per share.
Small addition to the speculative growth portfolio. This uranium play also complements the existing UEX position. I’ll keep these positions small so I bought just the initial 200 shares of Nexgen Energy for 2,07 CAD per share. Uranium is one of the sectors I’m focusing in the secondary portfolio as it’s providing one possible solution for the climate change actions but it’s also very interesting just because of the cyclical nature of it – when the cycle turns, it really turns.