Recent Buy: Nordea Bank AB

Slightly unplanned action since “official” January purchase was already made and Nordea wasn’t really on my short term watch list. It has been hammered so down lately that I didn’t see any problems in adding to my position. Today I bought additional 110 shares for 9,07 EUR per share. Typically we would see a dividend rally during Q1 but in the current market environment it’s difficult to know what happens next. Technically I don’t even care.

Link: Nordea Investor Relations

Recent Buy: Telenor

Balancing of the portfolio with a purchase of additional 60 shares of Telenor for 137,50 NOK per share. This action was executed on January 14th and was the first buy of the year. NYSE:GE would require similar addition during February but the market turbulence is starting to look so promising that a better valuation might lay ahead. Meanwhile few other existing positions are starting to look really tempting, especially NYSE:OHI is really difficult to pass on.

Q4/2015 & FY2015 Report

Another quarter and fiscal year has passed with following statistics:

  • 411 USD received as dividends during Q4 (244 USD during Q4/2014)
  • 420 NOK received as dividends during Q4 (0 NOK during Q4/2014)
  • 8 purchases made during Q4 (10 during Q4/2014)
  • Total dividends for FY2015 were 458,32 EUR, 1455 NOK and 1360,81 USD (123 EUR and 584,32 USD during FY2014)

There are no major changes for strategy in FY2016. Environment is getting a bit challenging as we are, in my opinion, moving towards the end of an cycle. I expect to add steadily on cyclical companies and also those which are a bit underweight positions at the moment. Valuations might slow down the balancing of the portfolio even though I’m not fully trying to time the market. Having said that, I still have loose buy zones I try to enforce.