1Mon·

Torm sold for the time being

I have just sold my Torm $TRMD A (+0.82%) tanker shares. It may be that they are printing money at the moment, but when the straits are free again they will certainly fall again. If that happens, I reserve the right to get back in (alternatively at $HAFNI (+0.39%) ).

I have therefore just used the proceeds to fill my position $ARCC (+0.64%) full with the proceeds.

09.04

TORM

Sold x325 at €25.50

€8,287.50

62.48%

7 Comments

ThomasHH@ThomasHH

1Mon

I am holding on to all positions. The market is so volatile at the moment that any political noise causes shock waves of buying and selling, much to the delight of the brokers.
The overall portfolio has risen in value since January with a few spikes up and down.
So sitting out is currently the best and least stressful option. The only important thing is diversification.
Very few manage to buy back at a more favorable price after selling, especially in extremely volatile phases.

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NichtRelevant@NichtRelevant

1Mon

@ThomasHH In principle, you are right. Most of the positions in my Portolio are also iron-hard long-term positions.

I originally entered into my shipping company positions - including $TRMD A - in order to generate high dividend yields from the operating business at a favorable entry price. Large price gains were not really expected or planned. This has now just happened by chance, so to speak, due to global politics. The dividend is somewhat lower, the P/E ratio somewhat higher (well, the current events are certainly not yet reflected in the figures). The share has now turned from a transportation service provider into a gamble on oil supply and supply chain disruption. That's not my world - I'd rather take the gains and come back to the tanker sector when it's more about transportation and less about politics.
In the meantime, I also have two other boats in the water with $WAWI and $MPCC. 😏

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Dividendenopi👴@Dividendenopi

1Mon

@NichtRelevant Torm is/was one of several high-yield positions in my portfolio. In the summer of last year and after a drastic decline in the dividend, I got rid of it with a price increase and a good overall performance. Especially in the higher dividend yield range, there is no buy and hold forever. Take what cash flow you can, capital preservation comes first and if it no longer works out, then get out. Even if they have now performed very well again. The right decision 👍

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DividendenAlpaka@DividendenAlpaka

1Mon

I have the same intention as you. My stop loss is at $29. Only a matter of time before the order is triggered. One of the buy candidates is also $ARCC.

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NichtRelevant@NichtRelevant

1Mon

@DividendenAlpaka Interesting -> What other candidates besides $ARCC do you have in your shortlist?

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DividendenAlpaka@DividendenAlpaka

1Mon

there are currently $ADYEN, $MELI, $VST and $CRWD

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NichtRelevant@NichtRelevant

1Mon

@DividendenAlpaka Ah, interesting. However, as a dividend alpaca, I thought that the selected stocks must have a higher dividend 😉.

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