Recent Buy: Sampo Plc (A)

If I had to choose one European company to put my money into, Sampo would be a strong candidate. So I decided to increase my European exposure with a purchase of 50 additional shares for 42,99 EUR per share. As a valuation it’s acceptable in the current environment. Only downside is that it increases my exposure to Nordea Bank even further. Not necessarily a bad thing but a bit on the risky side. I do suspect that Wahlroos & Stadigh is cooking up something new. There were some rumours about Nordea merger but who knows if that will ever materialise. I suppose they will eventually take control of Topdanmark on the insurance side but that’s yesterdays news really. I just have a feeling that they are up to something that will be very lucrative and perhaps will go through during the next couple of years. Meanwhile better economical environment (interest rates) will support Nordea and dividends from Topdanmark will help to increase the distributions for next couple of years.