Investments

I decided to sell my tiny UEX position of 1500 shares. I never got around building a bigger position on it and therefore decided to sell now since the position is way too small to motivate tracking buyout offers from Uranium Energy Corp and Denison Mines Corp. I bought these shares for 0,220 CAD per share and sold now for 0,47 CAD per share. Nice enough gain of 139% but somewhat insignificant amount of dollars.

https://www.newswire.ca/news-releases/denison-confirms-superior-proposal-for-uex-corporation-890546521.html

Dividend re-investment in lack of better ideas: 10 shares of 3M for 129,90 USD per share. Sure, company is facing all kinds of issues ranging for legal problems to overall inflation environment. I don’t really focus a lot on those with these huge companies. These kind of issues will come and go. Sometimes they might end up being fatal or close to it but most of the time companies will adapt and move on.

Just a tiny maintenance purchase of 10 shares of Kemira bought for 11,77 EUR per share. Nothing new here as this is just a maintenance purchase done for two reasons: consistently buying something and to avoid fees.

Market has been quite red lately and for good reason. Inflation is getting out of hand, central banks are more or less behind the curve, war in Ukraine is far from being over, food might be in short supply and list goes on and on. It might still be too early to make any moves but I decided to initiate positions on companies mentioned in the subject. These are not significant positions and were more or less dividend reinvestments with existing SEK balance. This also increases both my exposure in Swedish stocks and SEK dividend income. Both are strategic long term choices given my location and home currency. I would consider these purchases as controlled risk as I consider the likelihood of either short term inflation or inability of central banks (European or Swedish) to make necessary (rate) changes high enough but let’s see how these will eventually play out.

• Castellum AB 100 shares for 145,20 SEK per share
• Cibus Nordic Real Estate AB 70 shares for 188,90 SEK per share
• Investor AB (B series) 80 shares for 172,38 SEK per share

Maintenance purchase or more like a dividend re-investment with a purchase of additional 20 shares of Kemira. This time I paid 11.90 EUR per share. Still nibbling on until situation calls for bigger purchases.

As anticipated for the second quarter, I initiated a new position on Gilead Sciences, Inc. with a purchase of 25 shares bought for 60,53 USD per share. This complements the other pharmaceuticals (AbbVie and Pfizer) and a bit more riskier one. Company financials are not ideal (debt and all) but then again valuation seems to be reflecting it quite nicely. Then again virus focused company is quite nice addition considering how to company is positioned for the ongoing decade. I’m not sure if I will build a full position with any of these companies. Instead I might just handle all of them as a basket of pharmaceuticals filling that position in the portfolio. Might even eventually add few additional ones but let’s see.

Gilead Sciences, Inc. Investor Relations

Once again nibbling on Kemira with a tiny purchase of 20 shares I bought for 12.20 EUR per share. Nothing new here. Very boring company – boring in a good way – operating in many interesting sectors (water & chemicals) given the extraordinary state of the world we have. Russian war (not a special operation) hit the markets kind of hard but way less hard I would have guessed and the hit seemed to pass way too soon. That’s why I didn’t yet make any bigger moves but that might change if we get new waves in markets. Q1 will be over soon and I’ll have to come up with some kind of plan for Q2 and second half as well.

Once again tiny maintenance purchase in the form of 10 Kemira shares bought for 12.04 EUR per share. Valuation is approaching acceptable range. If this continues, I might end up buying real chunks.

Same old story. Stocks have been sliding lately but not enough to make bigger moves. Therefore I nibbled and bought additional 10 shares of Kemira Plc for 13,09 EUR per share. Let’s see how big corrections we will get. My gut feeling says that this drop will not be big enough and it will be short-lived before we get upwards swing.