5Mon·

Another unknown dividend bargain

Since I am also quietly and secretly building up a 2nd pillar with dividend stocks, which also promise good growth, I have come across $PZU (-0.22%) that will probably end up in my portfolio. What do you think? They are the market leader in Poland with a dividend yield of 7.5% and a P/E ratio of less than 10.

20 Comments

S.A.U.@SAUgut777

5Mon

First on the watch list.

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Hodlinvestor@Hodlinvestor

5Mon

The company is currently a buy recommendation from the shareholder.

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Patrick Schäfer@Hotte1909

5Mon

@Hodlinvestor so shorten.... the shareholder is for me the Felix Magath of the financial world. First suggest 20 stocks. If one of them hits the mark, we can boast about it for a long time. Then nobody talks about the other 19, either they are solid runners that don't attract attention or we sell them at a loss. If need be, they'll go into the second team at some point and if they are successful in 10 years' time, we can still say that we knew it from the start

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Chris@Multibagger

5Mon

@Hotte1909 I find all this media interesting as food for thought. And that's exactly what I use them for. I don't blindly buy everything that's written there. But there are simply good companies that you wouldn't find without information from other sources. And I don't just mean the shareholder. I also listen to various podcasts, YouTube, etc.

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Patrick Schäfer@Hotte1909

5Mon

@Multibagger Yes, I do that too. That's how I came across $GEO, among others, which gave me a profit of almost 200% in just over a year.
I just wanted to say that Aktionär, which is probably the best-known publisher of financial magazines, recommends a lot of crap and you have to look very carefully to see if it fits. I mean yes, they have to get their magazine full somehow, I buy it from time to time to get inspiration but always take everything with a grain of salt.

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investment_guru_894@investment_guru_894

4Mon

Main issue with the PZU currently is that there are ongoing talks concerning it’s merger into PEKAO Bank Polska (WSE: PEO) of which pzu holds around 25% of ownership.

I hold both of them in my portfolio… and I’m waiting what exactly do they want to achieve here

Yeah stock investing in Poland is quite tricky… Especially since main shareholder in both (directly and semi derectly is the state of Poland)

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Matthias@duncan10r

5Mon

There was an article on PZU in the penultimate issue of Aktionär. It read quite positively, as a kind of Polish counterpart to Allianz. It also made it to a new recommendation. Analysts expect earnings per share to rise from 1.45 to 1.63 in 2025, with a very attractive dividend yield and attractive multiples. I'll probably add it to my portfolio soon, because my favorite companies Munich Re and Allianz are doing too well for me at the moment

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Chris@Multibagger

5Mon

@duncan10r I have also added a first small position to my portfolio. I have disposed of $PIA, which also has a good dividend yield, but in my opinion does not have as much potential in terms of price.

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Matthias@duncan10r

5Mon

@Multibagger What's more, the insurance business is so stable and calm. Especially if you have a lot of tech in your portfolio, it's a nice addition

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Pedro M.@serkeftin

2Mon

I also had them on my radar and even had a buy order on Trade Repblic, but the problem is the spread... It is so high that my order is not executed at all.
What is your experience with other brokers. Which one would you recommend?

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Chris@Multibagger

2Mon

@serkeftin Flatex, because you can choose between all trading platforms and can always see bid and ask prices from all of them.

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Pedro M.@serkeftin

2Mon

@Multibagger super thanks!

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Patrick Schäfer@Hotte1909

5Mon

I've had it on my watchlist for a while but haven't found a way to get in yet.