In recent days it became quite quiet about the rumors of the acquisition of $1COV (-0,15 %) .
In the meantime I am skeptical whether $ADNOCDIST meanwhile is willing to make a higher offer. Personally, however, I think that rather not.
Why?
Out of personal interest, I got into $BRKM5 (-3,35 %) in December. It opened up a solid product portfolio in important niches for industrial production. Worth noting the large market shares in polypropylene, also bio-based, and ethylene crackers in Mexico. My entry price was 3.60€.
A few weeks later $ADNOCDIST with $APO (+3,45 %) a takeover offer with a premium of 157% at the then price of 27.60 BRL.
In the meantime, however, this takeover is in the stars, as the two investor groups disagree on the financing.
For this reason, I took profits of about 50% this week and will nevertheless continue to monitor the situation, as it will definitely provide impetus for the Covestro takeover.
I reinvested the liquidated position in First Majestic $FR (+1,5 %) , the German SmallCap Pferdewetten.de $EMH (+4,03 %) (You wouldn't believe how popular horse racing is.) , and the problematic chemical giant Lanxess $LXS (+1,86 %) whose portfolio is now worth more than its market capitalization. This does not even include the tangible assets of the industrial plants and the supply contracts with very well-known customers.
Even if the chemical industry is hard hit at the moment, it remains one of the mainstays of a modern civil society, along with the metal and electrical industries. If the apocalypse does not occur, we will be able to benefit from good earnings and therefore also good dividends in the long term.
