1Wk·

TORM - any news?

$TRMD A (+0.08%) - The share price has been rising more steadily for half a month now. Is there any news/rumors, or have people bought the share because of the upcoming dividend payment?

10 Comments

felipe estupendo@felipeestupendo

1Wk

Up 10% in total and already received a net dividend of €50. I like my Torm. And if it ever goes into the red, these fleets always pay out dividends, which I can continue to invest in current low-cost dividend stocks. It helps to keep the cash flow going. I think that when the war comes to an end, they will also drive more oil, chemicals and the like. TORM has high margins before interest, taxes, depreciation and amortization (EBITDA) and is regarded as one of the most attractive on the market in terms of valuation based on the company's earnings. However, according to analysts, it is valued at around €19, i.e. €1 above the current share price. At least it does not appear to be overpriced... 🤔

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NichtRelevant@NichtRelevant

1Wk

@felipeestupendo I find them attractive too. Maybe they'll go down a bit more - if I have some spare cash, I'll buy a few more.

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felipe estupendo@felipeestupendo

1Wk

@NichtRelevant but no spontaneous purchases, always read the latest news of the last 7 days. It's a buy-and-hold stock. The return comes from the dividend. 🤠

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Dan@fizzelfritz

I got in at the beginning of the year and I keep buying more with the dividends. I'm curious to see how it will develop over the next few years, but I see potential (although it is a cyclical - but you know that...)

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NichtRelevant@NichtRelevant

@fizzelfritz Exactly. You know it's a cyclical and you shouldn't be afraid of it.

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Rentenfuchs@Rentenfuchs

Hmmm Unfortunately, I've had the TORM share in my portfolio for a long time. I'm still in the red, not counting the dividend. I think the share will continue to rise in the longer term, as the company values are not bad at all and the company is undervalued. Or do you see it differently?

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NichtRelevant@NichtRelevant

@Rentenfuchs I kept buying small tranches, the first ones at around 20 euros, then later cheaper as the price went down even further. At the moment it's up a few hundred euros.
I think it's an interesting long-term investment and a company that is now doing well. I may buy more, but it depends on what funds I have available and what the share price is at the time. I am curious to see how the earnings and dividends will develop.

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Garfield@Bonus

1Wk

Are there really people who buy shares because of upcoming dividend payments?

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Dividendenopi👴@Dividendenopi

1Wk

@Bonus Stock market online readers 😇. It feels like 5 times a day there's a post a la get in now and secure big dividends this week 🤷‍♂️. I took advantage of the rise in recent weeks and got out on the ex-dividend day when my total return was positive. I had been tempted by the high dividends in the past. If they reduce the last quarterly dividend in the same way, the yield will be in single figures.

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felipe estupendo@felipeestupendo

1Wk

@Bonus No, only for permanent ones.

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