@Hannes_SK I believe that BASF unfortunately has very difficult circumstances in Germany. As a shareholder, I would tend to be in favor of a strong relocation abroad, but that would be accompanied by massive restructuring costs and would also be a difficult development over the next few years. The share price has also been stagnating for years, the high in 2017 is far away, the share price is at the level of 2010. Unfortunately, the dividend no longer saves too much. So it is a mixture of many reasons.
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1Año
@Mister_ultra
I assume therefore you shun China?! 😅
I assume therefore you shun China?! 😅
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@Hannes_SK China is a thing of its own. I buy the Invesco MSCI China All-Shares on a monthly basis, which covers all Chinese stocks, regardless of whether they are listed in Hong Kong, NASDAQ or Shanghai. So I cover everything in terms of content. Due to the small share of the portfolio, I can still sleep peacefully.
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@Mister_ultra BASF is a global company. Whether they press the tear gland in Germany shouldn't really matter in the long term, because they get their asses handed to them elsewhere.
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•@KleinviehmachtMist Quite right. But before I take BASF, which is perhaps one-third dependent on Germany, I'd rather take a company that is perhaps only 10% dependent. But as I said, that's just one of several reasons that speak against BASF for me personally.
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@Mister_ultra No, the problem is the business in China. If things go wrong with Taiwan, it could turn into a total loss. And you don't just quickly move a chemical plant to India or Malaysia, as other companies are doing right now. Edit: But I'm also rather optimistic and strengthening my position.
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@devnerd_daddy The problem is the German business, which was even cash flow negative last year. If Taiwan collapses, we will have completely different problems than BASF's China business. TSMC produces 60% of the world's chips and 90% of the high-performance chips, if Taiwan and TSMC collapse, we will have huge problems that would lead to worldwide disruptions in almost all sub-frames.
Starting, for example, with NVIDIA, which would have virtually no more production, resulting in no GPUs for various other companies, ..... Such a scenario would then be a Black Swan event. Therefore, it does not play a role for my BASF decision in that sense.
Starting, for example, with NVIDIA, which would have virtually no more production, resulting in no GPUs for various other companies, ..... Such a scenario would then be a Black Swan event. Therefore, it does not play a role for my BASF decision in that sense.
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@Mister_ultra I agree with you that all industries would be affected, but only temporarily as customers, whereas all companies with production in China would probably have hard write-offs. As of today, however, I don't believe that. In my opinion, the poor business in Germany is negligible for the time being and even has the potential to be an innovation driver. I therefore remain invested for the time being and plan to make additional purchases. Before that, I would like to increase my position at $AI.
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1Año
@KleinviehmachtMist As a company with a long history and prominent location in Germany, BASF's image and reputation in Germany are equally important。
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@cMary They only care about the funding pots and subsidies. When the Ukraine war is over and hundreds of billions in subsidies for the economic development of Ukraine are flowing in, BASF and others will be the first to build new sites down there with German taxpayers' money. From the shareholders' point of view, this will work.
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