Prosieben Media

Summary Earnings, 14.11. 👇🏼

Siemens AG Q4 24 Earnings: $SIE (-0.93%)

- Orders At 22.93Bln Euros (est 21.36 Bln Euros)

- Revenue Rising 1% To 20.81 Bln Euros (est 20.77 Bln Euros)

- Profit 3.12 Bln Euros (est 3.0 Bln Euros)

- Net Income Of 1.90 Bln Euros (est 1.80 Bln Euros)

Swiss Re Q3 24 Earnings: $SREN (+0.64%)

- Net Income Of $2.2 Billion For The First Nine Months Of 2024

- 9m Return On Investments (ROI) Of 3.9%; Recurring Income Yield Of 4.0%

- Return On Equity (ROE) Of 13.4% For First Nine Months Of Year

- Still Expects To Achieve A Group Net Income Of More Than $3 Billion For 2024

- Currently Expects Losses Resulting From Hurricane Milton To Be Less Than $300 Mln, Which Will Impact Group Results In Q4 2024

E.ON SE 9M 24 Earnings: $EOAN (+1.68%)

- Adj EBIT EU4.37B, -23% (Y/Y)

- Sales EU56.28B, -19% (Y/Y)

- Still Sees FY Adj EBITDA EU8.8B To EU9B, (est EU8.94B)

- Still Sees FY Adj Net EU2.8B To EU3B (est 2.92B)

Deutsche Telekom AG Q3 24 Earnings: $DTE (+0.41%)

- Net Income EUR 2.957B (est EUR 2.396B)

- Adjusted EBITDA AL EU11.10B (est 11.05B)

- Rev EU28.50B (est 28.39B)

- Sees FY Adj EBITDA Al About EU43B

ASML is sticking to its long-term goals and plans to increase sales to between 44 and 60 billion euros by 2030, with a gross margin of 56 to 60 percent. Despite the current difficult market conditions, ASML CEO Christophe Fouquet sees promising long-term prospects for the semiconductor industry, especially due to the AI trend. $ASML (+0.25%)

Talanx expects a record profit of over 1.9 billion euros for 2024 and a surplus of over 2.1 billion euros for 2025. The profit increase will be supported by primary insurance and new targets are to be presented at the Capital Markets Day on December 11. $TLX (-0.22%)

Nagarro increased sales by 3.7 percent to 242.9 million euros in the third quarter and adjusted EBITDA by a good eight percent to 34.6 million euros. The company is adjusting its revenue forecast for 2024 to 960 million euros and expects an EBITDA margin of over 14 percent. $NA9 (-0.31%)

Adesso recorded an increase in turnover of 15 percent to 330 million euros in the third quarter and a 37 percent rise in operating profit to 38.9 million euros. Jörg Schroeder will step down as Chief Financial Officer on April 30, 2025; his successor will be Michael Knopp from January 15, 2025. $ADN1 (-0.44%)

Dermapharm increases turnover in the first nine months by just under three percent to 890.1 million euros, while adjusted EBITDA falls slightly to just over 240 million euros. However, consolidated net income rose to just under 93 million euros, and the Group CEO is optimistic for the final quarter. $DMP (+1.61%)

Energiekontor sees itself on course for its annual targets after nine months with an expected pre-tax result of EUR 30 to 70 million, although the upper end of the range will not be reached due to the below-average wind year. Three projects with 79 MW have already been commissioned this year and several more projects are currently being marketed. $EKT (+0.43%)

The financial services provider MLP increased revenue by twelve percent to EUR 746 million in the first nine months and EBIT by almost half to EUR 66 million. The company confirms its forecast for 2024 with EBIT of between EUR 85 and 95 million and expects EBIT of EUR 100 to 110 million in 2025. $MLP (-0.67%)

GFT Technologies is again lowering its annual targets and now expects revenue growth of 10 percent to around EUR 865 million and adjusted EBIT of around EUR 77 million. Profit before taxes is expected to fall to around EUR 65 million, as the environment remains challenging and momentum in the coming months will be lower than expected. $GFT (-0.11%)

ProSiebenSat.1 is lowering its forecast for the year due to weak TV advertising revenues and expects an adjusted operating result of less than EUR 575 million. The Group plans to sell Flaconi and Verivox in order to invest in Joyn, programs and debt reduction. $PSM (-0.73%)

Wacker Neuson is again lowering its annual targets and now expects revenue of EUR 2.2 to 2.3 billion and an EBIT margin of 5.5 to 6.5 percent. In the third quarter, the company reports a drop in revenue of over 20 percent and a 61 percent fall in EBIT. $WAC (-1.4%)

Cewe confirms its annual targets with sales of between 770 and 820 million euros and an EBIT of 77 to 87 million euros, with the upper half of the ranges being targeted. The company generates most of its profits in the Christmas quarter and posts a marginally positive EBIT in the summer quarter, despite increased marketing expenditure. $CWC (-0.05%)

Merck KGaA reports a 1.8 percent increase in sales to 5.3 billion euros in the third quarter, while the adjusted operating result rises by 12 percent to over 1.6 billion euros. CEO Belén Garijo announces that sales for 2024 are expected to be in the lower half of the previous range. $MRK (+1.31%)

Bilfinger records revenue growth of 15 percent to just under EUR 1.3 billion in the third quarter and increases operating profit by 35 percent to EUR 76 million, supported by good demand and the latest acquisition. The Executive Board confirms the adjusted annual targets with an increase in revenue to EUR 4.8 to 5.2 billion for 2024, also taking into account a savings program and special effects from the integration of Stork. $GBF (-0.22%)

K+S is revising its production forecast for 2024 downwards due to high sickness rates and now expects an operating result (EBITDA) of around EUR 540 million. In the third quarter, the company reports a decline in sales and EBITDA, with profits exceeding analysts' expectations but remaining below consensus estimates for the full year. $SDF (+0.56%)

So, after my lukewarm stumble onto the stage of the community recently, now for real:

Hello everyone (friendly nods to all),

I've been a mostly silent reader for a while now, but I'd like to introduce myself - even if I don't know what I'm up to - in keeping with local custom:

I am 55 & a civil servant in the Federal Civil Service, which puts me in the fortunate position (I hope) of not having to rely on additional income from investments for a materially bearable retirement (in twelve years' time, I would just about reach retirement without deductions after 40 years in the civil service). Investment is therefore essentially a consumption alternative, a safety cushion and - later - intended for my sons (living with their mother, 17 & 13 years old; each with their own portfolios / savings plans). My investment horizon is therefore open ended (or determined biologically or by the legitimate major needs of the offspring).

My investment history - still perceptible in the portfolio presented here - begins in 1996/1997 with the first (and later unfortunately also the second) placement of the $DTE (+0.41%) T-share and the IPO of $PSM (-0.73%) ProSieben (which has since more than made up for its initial investment through dividends, good boy). At some point, he inherited the current e.on position from his grandparents $EOAN (+1.68%) e.on position and a position in $VOW3 (-0.07%) Volkswagen, which I sold several years later on the advice of my savings bank at the time (bygones).

Then nothing for a long time (studies/traineeship, career start - I was "investing in my current account" and couldn't even manage to process my business trip expenses on time, tststs).

With a wife and children came the need to make provisions (the little guys simply cost a tidy sum through the cycle), which I initially did through sporadic ad hoc investments:

In particular hubris, at the beginning of the subprime crisis I trusted the investment banks to have everything under control and bought shares in $DBK (-2.09%) Deutsche Bank (close to ATH), Bear Stearns and Merrill Lynch (the relics can be found as a minus at $BAC (+1.21%) Bank of America for Bear Stearns and - invisibly - a tax loss carryforward to offset the now quite respectable $JPM (+1.04%) J.P. Morgan position for Merrill Lynch), $DBK (-2.09%) with additional purchases slowly creeping back into a "perhaps at some point back to zero" zone.

Otherwise, a number of active funds ($n/a LU0557858130, $n/a LU1143163779, $n/a IE00BG7PHW03, $n/a LU1496713741, $n/a DE0008474750, $n/a GB0030932676, $n/a (-0.88%) LU1864952335 and predecessors), of which only $n/a (+0.22%) Pictet Water had actually performed noticeably positively on a time-weighted basis.

From around 2015, I then gradually started to populate the current portfolio with various equity and ETF savings plans at ING ($GOOG (+1.41%) Alphabet C, $AAPL (+1.01%) Apple, $KO (+1.11%) Coca-Cola, $NESN (+0.22%) Nestlé, $BAYN (-0.34%) Bayer (ouch!), $SIE (-0.93%) Siemens, $DIS (-0.22%) Walt Disney, $PFE (+0.75%) Pfizer, $PR1J (+0.62%), $FLXC (-1.77%), $FLXK (+0.18%), $EXS1 (-0.07%), $LCUK (+0.49%), $C060, $XMUS (+0.82%), $DBXW (+0.69%), mostly at 50 euros/month), supplemented by a few nicely timed individual purchases in $AAPL (+1.01%) , when it was still trading at around 80 euros before the 3:1 stock split, as well as $MT (-1.43%) AcelorMittal and $BHP (+0.07%) (mini position, but with a nice dividend yield since then).

With supply chain problems and inflation emerging at the end of corona/beginning of Ukraine, I then started to invest in another portfolio, the actually far too expensive $SPAG (+1.02%) iShares Agribusiness and $EXV6 (-0.31%) iShares STOXX Europe 600 Basic Resources as a hedge against the rising cost of living that had gone wrong (had bet on more pronounced sectoral greed-flation).

Since I have since followed the recommendations of $VWCE (+0.68%) resp. $ACWI (Glashaus!) in the meantime, the aggregated lump and the $AAPL (+1.01%) and $GOOG (+1.41%) was getting a bit scary, but I didn't want to touch the corresponding equity savings plans (more on this in a moment), I put my basic trust in the long-term out-performance of the US equity market into practice by investing in two "equal weight" index funds, namely with $WEBA (+0.7%) on the NASDAQ100 (also with a savings plan) and $XDEW (+0.96%) on the S&P500 (one-off investment only).

Some of this, especially the earlier investment history, is foreign to my Getquin portfolio history, as I only entered this after a portfolio reorganization in early 2023.

Over the years, my employer has steadily introduced stricter regulations for private financial transactions, which currently makes it practically impossible for me to invest in individual names or funds with certain predominant industry shares. However, in an exemplary manner under the rule of law, previously existing savings plans were protected in the respective iterations of the tightening, so that I jealously continue the remaining share savings plans (see above lump at $GOOG (+1.41%) and in particular $AAPL (+1.01%)).

I currently save monthly as follows (savings rate): Grandfathering: $GOOG (+1.41%) (100), $AAPL (+1.01%) (50), $DIS (-0.22%) (50), $PFE (+0.75%) (50), $KO (+1.11%) (50); "regular": $VWCE (+0.68%) (currently 520 with annual 4% dynamic), $SPAG (+1.02%) (100), $WEBA (+0.7%) (100), $EXV6 (-0.31%) (100), $10AJ (+0.69%) (100) and - before first-time execution - (100). $SDIP (+0.09%) (100).

In addition, I have reflected certain market assessments at the respective point in time through individual purchases in country ETFs (long-term catch-up potential of the emerging markets through $HMEF (+0.45%), $FLXC (-1.77%), $FLXK (+0.18%) - $FLXI (+2.44%) was now too expensive for me and the Indian economy was not sufficiently represented by companies listed there; the sleeping innovation giant Japan through $PR1J (+0.62%), "luxury always works" even in times of inflation through $DX2G (-0.46%)Europe - especially CH and UK - as a general counterweight to the US through $VEUR (+0.15%) and the sensible Nordics by $XNZN (+0.35%)), so that there is now a colorful bouquet of ETFs. However, I am not fundamentally dissatisfied with this, especially as far as these are distributing & savings plan-capable in my ING portfolio, so that their distributions (from 75 euros) are automatically reinvested ($VEUR (+0.15%) - is so large that this could work for each of the quarterly distributions, $DX2G (-0.46%), $PR1J (+0.62%)).

I think that as long as I am still subject to my employer's investment restrictions, I will only make marginal changes to this. For a "fire and forget" portfolio, however, I could imagine switching to a 70/20/10 portfolio in the medium term. $WEBG (+0.7%), $HMEF (+0.45%), $SDIP (+0.09%) (@ING: please $SDIP (+0.09%) savings plan, thank you!). Let's see what the end of PFOF brings on the cost side, especially for savings plans.

So, that's it; thanks for your patience and perseverance. You're welcome to give me tips, but as I said, my hands are largely tied (and I don't think much of the crypto tulip bulbs until they become an actual means of payment, not just for buying sinister services on the dark web)...

Here's to a successful investment community (&thanks for having me)!

$PSM (-0.73%) You can now change the DIvidende to 0.05 euros. Nothing more 80 cents. Thanks

$PSM (-0.73%) are there ever any dividends?

Meiste Trades

#43

Pro7. Now all big Pro7 fans here or what's going on here? :D ;-)

By far my worst position in the portfolio. Minus 75%. The share will be inherited at some point 🤬.

Today n look at ProSieben.

Vlt you can help me, what overlooks my otherwise well-functioning brain that justifies the continuing correction?

Price to sales ratio last year 0.57

Price-earnings ratio 7.4

Sales growth at about 6

For this year the dividend of 0.80 € which currently corresponds to 7.00 %.

In addition, the spin-off of Match Group (online dating), which is to be floated independently on the stock market with a market capitalization of around €1 billion.

In addition, the sale plans for Flacconi (online perfume), about 800 million is estimated at € 1 billion.

So these two divisions are about 2 billion, the whole group 2.7 billion €.

I don't get it 🤔

I'm thinking all the time to discount my purchase price, but I'm afraid that I'm missing something.

The news situation itself is right (no concrete outlook of course Q1 not perfect, outlook for 2022 but again good).

The numbers also fit.

Only the chart technique does not speak for the shares 🤔

What am I missing or do you also not find the hair?

I do not expect by far a price of 20-25€ on annual ticket but 15-18€ should already be in it.

No investment recommendation or advice!

Buy ProSieben shares because football is cool. Semifinals today, Super Bowl in 2 weeks 😍

Watched every game this season on ProSieben and always been penetrated with Parship.

Spin off is planned this year. Believe then both in the depot individually I like quite well. In addition still sale Flaconi for cash planned.

Flaconi alone is estimated at about €1 billion.

Parship is said to be valued even higher (still lower than US competition as always).

ProSieben in total only 3 billion€. That means all the TV, production, streaming and other subsidiaries (Jochen Schweizer with experiences) are then only worth about €1 billion.

Actually laughable.

Plus football.

I believe in it, even if the whole media topic is not soooo popular at the moment.

The topics this year with spin off, sales and also winter high ratings + more and more admission for Ran Sport is exciting from my point of view.

In addition, 3.6% dividend (0.49 €) and a possible special dividend after Flaconi sale.

So also something for dividend hunters 👍🏼

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗙𝗲𝗱 𝘄𝗶𝗲 𝗲𝗿𝘄𝗮𝗿𝘁𝗲𝘁 / 𝗣𝗮𝗸𝗲𝘁𝗲 𝘀𝗶𝗻𝗱 𝗴𝗲𝗳𝗿𝗮𝗴𝘁 / 𝗣𝗵𝗮𝗿𝗺𝗮𝗿𝗶𝗲𝘀𝗲𝗻 / 𝗞𝗿𝘆𝗽𝘁𝗼𝗵𝗮𝗻𝗱𝗲𝗹 𝗶𝗻 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗲𝗻

𝗜𝗣𝗢𝘀 🔔

Veganz - The Berlin-based company has now revealed the official issue price of €87 for its IPO on November 10. This results in gross issue proceeds of €47.6 million.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, América Móvil ($MV9L), Bank Of Princeton ($BPRN), Columbus McKinnon Corp. ($VC3 (+0.85%)), CMS Energy ($CSG (+0.75%)), Dana Corp. ($4DH (+0.32%)), First Commonwealth Bank ($FCF (+0%)), FirstEngergy ($FE7 (+0.99%)), Howmet Aerospace ($48Z (+0.78%)), Idacorp ($IDJ (+0.88%)), Intel ($INL (+0.56%)), J. B. Hunt ($JB1 (-0.46%)), Lamb Weston Holdings ($0L5 (+0.79%)), National Western Life ($NWLI) and Warrior Met Coal ($WJ4 (+1.44%)) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Alibaba Group ($2RR (-2.08%)), Barrick Gold ($ABR (+1.43%)), Citrix ($CTX), Commerzbank ($CBK (-1.77%)), Credit Suisse ($CSX), Deutsche Post AG ($DPW (+0.24%)), Elmos Semiconductor ($ELG (+0.4%)), Evonik ($EVK (+0.17%)), Expedia ($E3X1 (+0.6%)), Freenet ($FNTN (+0.1%)), Fujifilm ($FJI (+2.1%)), Hannover Re ($HNR1 (-0.16%)), HeidelbergCement ($HEI (-0.44%)), Hugo Boss ($BOSS (-0.83%)), ING ($INN1 (-1.55%)), Kellogg Company ($KEL (+0.92%)), Lanxess ($LXS (-1.21%)), Mitsubishi Motors ($MMO (+1.43%)), Moderna ($0QF (+0.61%)), Monster Beverage ($MOB (+1.36%)), Motorola Solutions ($MTLA (+0.61%)), Nikon ($NKN (+0.02%)), Peloton ($2ON (+4.53%)), Pfeiffer Vacuum ($PFV (-0.39%)), ProSiebenSat.1 Media ($PSM (-0.73%)), RTL Group ($RRTL (-0.42%)), Siemens Healthineers ($SHL (-0.17%)), Toyota ($TOM (+0.98%)) and Vonovia ($VNA (+2.41%)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Fed - As expected, the Federal Reserve decided to reduce its bond purchases. Instead of the previous $120 billion per month, only $105 billion will be invested in the purchase of government bonds and mortgage-backed securities starting in mid-November. Further cuts are planned from December.

Now all eyes are on possible interest rate hikes, but the ECB considers an increase in the key interest rate next year unlikely. Similarly, Deutsche Bank does not expect interest rates in the USA to be adjusted before December 2022.

Deutsche Post ($DPW (+0.24%)) - Deutsche Post stock has been on the upswing lately and it is one of the best performers of the day. The paper was able to improve by 2.8 percent and was at EUR 57.35 in the meantime. An average price target of EUR 64.72 is targeted. Analysts expect earnings of EUR four per share for 2022.

Roche ($RHO5 (+1.52%)) / Novartis ($NOT (+1.27%)) - In order to achieve full strategic independence, pharmaceutical giant Roche has repurchased from a competitor Novartis its Roche shares for 19 billion Swiss francs. It was agreed to buy back 53.3 million shares at a price of 356.9341 Swiss francs. Christoph Franz said that he is convinced that this planned transaction is in the best interest of Roche and its shareholders from a strategic and economic point of view.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Commonwealth Bank ($CWW (+1.79%)) - Australia's largest bank stated over the past day that they are working on making Bitcoin and other cryptocurrencies tradable for their customers in the coming weeks. Furthermore, they elaborated that they also want to offer it to their customers to store the cryptocurrencies for them. Initially, only Bitcoin ($BTC-EUR (+1.14%)), Bitcoin Cash ($BCH-EUR (+1.88%)), Ethereum ($ETH-USD (+0.83%)) and Litecoin ($LTC-EUR (+2.59%)) will be available. The implementation will take place in collaboration with Gemini, a U.S.-based company specializing in the safekeeping of crypto assets. Commonwealth Bank is by far the largest financial institution on the continent, with total assets of $688.4 billion, so this news is a big step for the crypto industry.

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