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2Once again great figures from $METSO (+0.42%) Maybe not everyone knows, solid industry value, things to touch 😉
Dividend increases by 20% and so another €500 gross is flushed into the portfolio. I've been invested here for 18 years and have received a total dividend of around €7,000, which exceeds my original investment.
So now back to the important things, AC/DC is going on tour again. Tickets are up for grabs 🤟🏻🎸 Hope someone still knows them 🤓
Metso, Metso, Metso $METSO (+0.42%) ... I have in my portfolio, everything that comes now is not an investment recommendation. Again, this is a nice long-term story that I would like to share with you.
Until a few days ago listed as Metso Outotec, now back to the roots. But first things first.
I originally bought Metso sometime in 2006. In 2013, the pulp division was listed separately as Valmet $VALMT (+0.67%) separately on the stock exchange. This was followed in 2020 by the spin-off of Neles, main business valves, pumps, valve automation and valve services. Outotec was bought by Metso. Are you still with us ? 😬
Valmet and Neles I sold immediately, had I kept them once 🙄 Since April Valmet has reintegrated Neles and Metso Outotec is called Metso again. And I'm actually considering getting back into Valmet as well. Everything back to square one, to my original investment idea.
Back in the 1890s in the Yukon gold rush, it wasn't the people who dug and prospected who got rich. It was the traders who sold all the equipment and tools. Metso does the same today.
Now to the bare numbers: In my portfolio are the 2020 newly booked Metso shares. Since 2006 I have collected 5600€ dividends + 811€ since 2020. The sale of Valmet and Neles brought 5700€.
Invest 6000€ vs. all together currently 26,600€ 🚀
This is for me a solid development, of course, much is not predictable. But shows again what is possible in the long term, even with seemingly boring industrial values.
Anyone else in $METSO (+0.42%) or $VALMT (+0.67%) invested ?
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