Month: November 2025

I recently exited Fortum at 17,40 EUR per share and planned to buy those shares back at around 16 EUR if we get there. Fortum dropped today after updating financial targets so I decided to make the initial purchase: I bought mere 50 shares for 17,00 EUR per share. This sets the upper limit of my buy back range and hopefully rest will be bought back in a way that results having an average cost of low sixteen EUR per share.

See: https://www.inderes.fi/releases/fortum-updates-its-long-term-financial-targets-strategic-targets-and-strategic-kpis

Once more for the sake of consistency: I bought additional 100 shares of XACT Nordic High Dividend Low Volatility (UCITS ETF) for 154,16 SEK per share. Nothing new here as this is future core position in the making. Pure income play with a somewhat defensive approach. Decent mechanism to get exposure to norwegian and danish high yielders without having to adjust taxes afterwards.

This was a bit unplanned but since Nordea dropped significantly after releasing updated financial targets I decided to make move despite already having heavy allocation. To me those targets seemed excellent and should those targets be met by 2030, we should be handsomly rewarded. Targets also included transitioning into semi annual dividends. I approve such move and should the targets be met, we might see annualized dividends of 1.40 EUR per share in roaring 30’s. I missed the initial drop while travelling but since recovery was sluggish, I bought additional 100 shares for 14.375 EUR per share.

While at it I also bought additional 100 shares of XACT Nordic High Dividend Low Volatility (UCITS ETF) for 154,87 SEK per share. This was planned deployment of the funds received from sold Fortum position. There are still some left but these will likely be deployed later this month together with incoming dividends.

This is just a continuation of previous purchases. This time around I bought additional 180 shares of XACT Nordic High Dividend Low Volatility (UCITS ETF) for 155,38 SEK per share. Probably one or two purchases still to go for short term. Strategic semi safe income play with exposure to nordic high yielders, that’s about it.