3Mon·

Now I'm completely out of it...

...explanation in previous posts 😉

12.09

Petroleo Brasileiro Pref Shares

Sold x200 at €5.095

€1,019.00

7.69%

12 Comments

Dividendenopi👴@Dividendenopi

3Mon

👋👋👋

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S.A.U.@SAUgut777

3Mon

@Dividendenopi you'll be looking around 🤫

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Dividendenopi👴@Dividendenopi

3Mon

@SAUgut77 Everything is fine. I have an overview of ALL my investments and, above all, they are secure. If there's one thing I hate at my age, it's nasty surprises. With the exception of my gambling share

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Dividendenopi👴@Dividendenopi

3Mon

@SAUgut77 and if it makes you feel any better, I also got out of $QYLE after the total return was positive, $TRMD A also got out after the heavily reduced dividends. Maybe I'll follow you on Petrobras when the signs become clearer 🤷‍♂️

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S.A.U.@SAUgut777

3Mon

@Dividendenopi To be honest, I'm less worried about you 👍🏻 and it's nice that you've also found the right exit at $QYLE. I haven't had much to do with $TRMD A yet, even though I have it on my watchlist, otherwise it would be a nice price gain as I last thought about it at around €13 🤷🏻‍♂️

And with $PETR4 I got off lightly, since the last ex-day was on 22.08., I should still take the dividends announced so far (without possible special dividends) until the end of the year and am therefore out with ~ -100€.

On the other hand, the dividends received so far have been invested in stocks such as $3750, $MUX or $HSBA and therefore represent added value at the end of the day.

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S.A.U.@SAUgut777

3Mon

@Dividendenopi but see a liquidity/dividend problem here in the short to long term...

The Q2 dividend, which has already been reduced again this year, after 2024, will be financed with 8bn of additional debt, among other things, which in turn means that net debt will be increased from 68bn to the previously agreed upper limit of 75bn...in addition, some projects from the pipeline will be put on hold due to liquidity problems and, despite increased production volumes, the bottom line will be less...

...then there's the market and the eternal bloodsucker state, which is somehow not such a good mix or outlook for me right now, so I'd rather increase $VAR again 😇😉

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Dividendenopi👴@Dividendenopi

3Mon

@SAUgut77 justified objections. However, it is the Brazilian state that benefits most from the distributions, if there is a very moderate reduction at most. They need the money 😇. Fundamentally, this is of course not good in the medium term and needs to be monitored. Not yet an exit scenario for me at the moment

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S.A.U.@SAUgut777

3Mon

@Dividendenopi Of course, the state benefits first and foremost and drastic cuts have been made in the last 2 years, but that's exactly why I see this even more critically...over 2 years of constant reduction, nothing to finance against, stop of ongoing projects and that only to stuff the state...is like a horse that is simply ridden until it falls over....🤷🏻‍♂️🤫

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