This are stocks for the project at this month. Let's hope a bit of luck here...

(ALL the stocks were bought during Last month. There's projected to be sold during this month after ex-dividend date)

$ORA (-0,86 %)

$AGS (+0,8 %)

$BAMNB (-2,31 %)

$A3M (+0 %)

$TEF (+0,47 %)

$PIRC (+1,21 %)

$IRE (-0,44 %)

$SRG (+1,3 %)

Note: This information is from De Aandeelhouder, source bottom of this post.

The Dutch construction sector is in the spotlight, with $BAMNB (-2,31 %) and $HEIJM (-0,23 %) showing impressive share price growth recently. Investors are starting to recognize the structural attractiveness of these companies. Here are the key reasons behind their surge—and why it may not be over yet:

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🔹 1. Attractive Valuations

Heijmans is trading at a P/E ratio of ~10 based on expected 2026 earnings.

BAM is even slightly cheaper.

Free cash flow is close to net profit, meaning you're effectively paying around 10 times free cash flow too.

These valuations are based on solid fundamentals, not hype.

Both companies pay a stable and growing dividend and have share buyback programs, increasing earnings per share.

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🔹 2. Resilient to Inflation

BAM and Heijmans can pass on inflation to their clients.

Their clients—mainly governments and public institutions—are willing to pay more for reliability and quality.

They maintain margins even as costs for labor and materials rise.

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🔹 3. Rising Market Capitalization

Heijmans recently surpassed €1 billion in market cap.

Higher market cap attracts institutional investors.

More liquidity = more analyst coverage = more investor interest = self-reinforcing momentum in the stock price.

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🔹 4. Structural Tailwinds in the Sector

The Netherlands is facing a chronic housing shortage.

Demand for housing, infrastructure, and energy transition projects remains strong.

Their client base (mostly governments) ensures stable revenues and low default risk.

Their supply chains are 80–90% local, reducing exposure to global disruptions (e.g., geopolitical issues, shipping delays).

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🔹 5. Complexity and Scale Favor Large Players

Construction projects are increasingly complex due to sustainability requirements and technical demands.

BAM and Heijmans have the scale, capital, and expertise to deliver on large, complex projects.

Smaller companies struggle to meet new standards.

Labor shortages actually help them: with fewer skilled workers available, they can choose the most profitable, low-risk projects, improving their margins and stability.

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🔹 6. BAM Leaves Its Troubled Past Behind

BAM has cleaned up its project portfolio and moved past legacy problems (e.g., the Afsluitdijk).

Now focusing on lower-risk, better-margin projects.

This shift boosts investor confidence.

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🔹 Conclusion: A Golden Opportunity for Investors?

BAM and Heijmans offer a rare mix of:

Low valuation

Strong free cash flow

Growing dividends

Structural demand from the housing and public investment side

Their strong market position and resilience in a tight labor market make them even more compelling.

Market momentum and reduced risk profiles suggest continued potential upside.

📌 Caution: Construction remains sensitive to interest rate movements and political decisions. But for now, both stocks still look attractive.

You want more of this posts? Let me know!

Source: https://www.deaandeelhouder.nl/columns/de-logica-achter-de-opmars-van-bam-en-heijmans/ (Dutch)

Hello everyone,

I'll leave you with an update on how the dividend strategy is going in the first 10 days of May.

It's too early to see how it's progressing. I've added similar investments for June (reinvesting dividend earnings from May and increasing the total purchase to €500 per share).

May:

$SOLB (-2,05 %) (SOLD due Stoploss bef Div. Lost: -37,40€)

$EOAN (+0,1 %) (SOLD due StopLoss bef Div. Lost: -22€)

$ENI (+0,83 %) (SOLD. +5,67€ Div). Profit: +12,99€)

$COFB (+1,44 %) (SOLD. +25,11€ Div). Profit: 14,50€)

$IG (+0,96 %) (+14,8€ Div)

$NN (+0,51 %)

$ASRNL (-0,12 %)

Jun:

$ORA (-0,86 %)

$BAMNB (-2,31 %)

$AGS (+0,8 %)

$A3M (+0 %)

$TEF (+0,47 %)

$SRG (+1,3 %)

July:

$ELE (+0,3 %)

$AGN (+0,87 %)

$JDEP (+0,5 %)

Hello everyone,

I'll leave you with an update on how the dividend strategy is going in the first 10 days of May.

It's too early to see how it's progressing. I've added similar investments for June (reinvesting dividend earnings from May and increasing the total purchase to €500 per share).

TTWROR: 2,58%

TOTAL DIVs: 56,27€

May/Jun stocks:

$ORA (-0,86 %)

$BAMNB (-2,31 %)

$A3M (+0 %)

$AGS (+0,8 %)

$ASRNL (-0,12 %)

$ENI (+0,83 %) (SOLD. After Div, +12,99€)

$COFB (+1,44 %) (SOLD. After Div, +14,50)

$NN (+0,51 %)

$EOAN (+0,1 %) (SOLD before Div due StopLoss. -17,38€)

$SOLB (-2,05 %) (SOLD before Div due StopLoss. -37,4€)

$IG (+0,96 %) (Div. 14,8€)

$ELE (+0,3 %)

$AEG (+0,8 %)

$JDEP (+0,5 %)

$TEF (+0,47 %)

$SRG (+1,3 %)

First purchase of BAM Group. I expect good performance and to increase my share count soon.

$BAMNB (-2,31 %) raised their dividend from €0.20 to €0.25 last week. Not only did I reach a 100% unrealised gain, but also a 10% YoC.

I am aware that $BAMNB (-2,31 %) had his risks the last decade, but the future looks promising with less risky projects and a lot of homes that need to be build in NL.

For the coming 10 years a solid hold for me.