Investments

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.

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.

Tiny maintenance purchase for secondary portfolio to keep the streak going. I bought additional 60 shares for 1,96 EUR per share. Slow build up to medium sized position is in the cards during next six months or so.

Monthly maintenance purchase and this time around it was CoreCivic. Pandemic has calmed down a bit but is far from over. Meanwhile black lives matter movement has been wreaking havoc especially in US. All this together with the approaching US presidential elections should keep prisons full in coming years. It’s difficult to see how private prisons would be scaled down any time soon. There are long term contracts in place and new ones have been signed relatively lately. Therefore I bought additional 80 shares for 12,27 USD per share.

Not much to say. Everything is down. Occasionally some go up. So much winning. Bought additional 40 shares of Sampo for 28,40 EUR per share. It might go down or up if it doesn’t stay still. It will be trading ex div relatively soon and they have cut this dividend only twice so far. Hopefully they will forget third cut. Long term everything should be fine… maybe.

EPR Properties has been hit hard but it has already bounced back quite a bit. I’m putting my money on EPR surviving this COVID-19 panic. Sure, it will take time. Sure, they might have to reduce or even eliminate dividend. Sure, people might permanently stop golfing or skiing. I’m guessing that they won’t. In fact I’m quite sure that once the dust settles, there will be huge demand for that kind activities. Therefore I bought additional 30 shares for 29,90 USD per share. Let’s call this a speculative purchase.

There has been relatively many positive factors for Fortum lately. Uniper posted solid results, Fortum is getting positive publicity – well some negative as well for the coal usage – and Inderes increased target price today to 17 EUR per share. Share price hasn’t really noticed any of these so I bought additional 67 shares for 14.96 EUR per share. Considering the future potential, company metrics and overall state of the economy this appears to be very acceptable valuation.

Maintenance purchase since Fortum was trading ex dividend today. Bought additional 13 shares for 14,825 EUR per share. Uniper posted great quarterly results yesterday but that wasn’t too clearly visible on Fortum share price at least today. Could have bought more but I’m still keeping an eye on things and pacing myself.

Corona is hitting everything and REITs especially. Sure, temporary suspension of dividends is likely but that’s somewhat irrelevant short term noise. Private prison REITs appear to be very cheap as they were first hit by the political risks due to the presidential elections and then with the corona disaster which may very well spread in prisons in uncontrollable manner. This is unfortunate of course but for the long term not much has been changed. I doubt US government will scale down the usage of private prisons who ever may be sitting in white house in any given year. Considering the current economic situation and US way of living, it’s difficult to see any path in which there would be meaningful decrease in crime and punishments that follow. In worst case scenario these REITs could sell their portfolio to the government and I would be perfectly fine with that as well. With this in mind I bought additional 80 shares of GEO Group for 11.57 USD per share.