Suewag Energie

I could hardly believe that today someone has already bought a large part of my $DE0006288632 at one of the highest prices in the history of this global stock.

With yesterday's sale at €80 per share (minus expenses and brokerage), I had probably set a positive price anchor on the over-the-counter share. This morning I decided to offer more of my shares for €75 in order to create a "positive incentive to buy". Just a few hours later, I received the sales email from the OTC trading platform.

I was delighted, as I had bought the shares two years ago for €49.70. With dividends of €1.1 and €1.5 in the last few years, they had already done some good for the portfolio.

With some play money in my pocket again, this time it was time for a less daring bet than yesterday's last two investments.

My choice fell on $CVS (+1.31%) which was unfortunately close to its high for the day at the time of purchase. Because I am inexperienced and suspected that the upward trend would continue and that I would not be able to get the shares "so cheaply", I bought them for [52.49€]. The shares were thus just below the 15% threshold above the 52-week low. That was my "pain threshold". A bit expensive for this long-term dividend payer, but I am happy to have bought the $DE0006288632 against the $CVS (+1.31%) to have exchanged them.

The company is active in the healthcare sector and thus fills an open sector gap in the portfolio. In addition, the share of the USA weighting was increased somewhat. Compared to yesterday's purchases, the books also (finally) showed a profit per share.

Today, chance put some play money in my pocket. Off-market, I was able to sell a few shares in $DE0006288632 for €72 after fees. Purchased at €49.7 incl. fees, I was able to make a tidy profit.

This gave me some money to add an Asian share to my portfolio.

Today, a weak economy was priced into the stock market in China, causing all stocks to fall. A good time to buy cheaply.

My choice was $17 (-0.4%) as the dividend was/is surprisingly stable and incredibly high. With the negative payout ratio, this is certainly a very shaky candidate, and the domestic political issue between China and Hong Kong also plays a role here. The share price of $17 (-0.4%) was sent to its lowest price in 21 years of company history by the loss announcement published on 30.08 & 02.09 (20B HK$) with minus 13%.

The bottom line is that this was a risky bet and a plunge into a falling knife, with a small chance of winning something.

In any case, I am now learning something about withholding tax in China and Hong Kong.

#asien
#hongkong