1Yr·

I waited for the US stock market drop and added to the position again. Last time, the "buy on bad news" worked very well with a rebound to over €8.20.

With 1000 shares, the dividend is now also coming in quite nicely, if it still comes! :)

Let's see what happens!

15.05

Petrobras Brasileiro

Bought x400 at €7.26

€2,904.00

Josef K.

@kleberj

1Yr·

Need swarm intelligence :)

Actually, after the ex-day I wanted to rejoin $OMV (+0.2%) again after the ex-day. However, the share is still rising and even with the dividend discount it would be too expensive for me to get in.

On the other hand, Sozi-Lula fired the CEO of $PETR3 (+0.33%) and the share price reacted accordingly. When the dividend reduction was at least announced a few weeks ago, it worked excellently and the share had already recovered to well over €8. In fact, no dividend cuts have been noticed so far. On the contrary, the special dividends for May and June have been announced again, although they are incorrectly not shown here on GQ. Reason for the socialist freak-out?

Is Lula willing and able to push through the requested dividend cuts now, with corresponding consequences for the share price? Opinions?

30.04

OMV

Sold x60 at €45.36

€2,721.60

13.43%

10 Comments

Ella Marie Waschbär@DividendenWaschbaer

1Yr

What will

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Josef K.@kleberj

1Yr

@DividendenWaschbaer As sure as the Amen in the church! At least the comment :)

••

Ella Marie Waschbär@DividendenWaschbaer

1Yr

@kleberj I have a limit of 7, then I can also see what happens 😉.

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Josef K.@kleberj

1Yr

@DividendenWaschbaer I wanted it too. I bought more 2 months ago at 6.95. But after the stock market opened in the USA it only went down to 7.20. I don't think we'll see 7. But bonne chance!

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Pope Donkey XXI@DonkeyInvestor

1Yr

@DividendenWaschbaer that annoys me more than you

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Ella Marie Waschbär@DividendenWaschbaer

1Yr

@DonkeyInvestor So the ultimate annoying post when I post this 😂

••

Pope Donkey XXI@DonkeyInvestor

1Yr

@DividendenWaschbaer richtig 👍

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Dividendenopi👴@Dividendenopi

1Yr

The dividend will be 😎 You usually can't really understand when something is coming, ADR pays differently than the share 🤷. Then you have it, two days later it's canceled and then new. And then in January there was a dividend that I hadn't expected. 😂 But all in all a very nice return

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Josef K.@kleberj

1Yr

@trader64 The last dividend at Consors came quite promptly but was split into 2 tranches. I'm curious to see how things will go with Scalable now. I don't normally buy ADRs anyway. Does that make sense at all with Petrobras, as Brazil does not levy withholding tax? Do you have to pay US withholding tax on ADRs?

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Dividendenopi👴@Dividendenopi

1Yr

@kleberj I also have them with Consors. I didn't pay any withholding tax on the ADR dividends, just the usual KAP tax and solidarity surcharge

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