Vinci

VINCI $DG (-0,15 %) receives orders worth 417 million euros from the Czech Republic.

VINCI has been awarded two contracts worth a total of €417 million by the Czech Ministry of Transport.

According to the French construction group, one contract involves the construction of the eastern section of the Prague ring road. The other provides for the modernization of the Ceska Trebova railroad station.

The project is scheduled to start in the first quarter of 2025 and be completed in 2027 and 2032.

As announced, the second reduction in the proportion of Bitcoin in my portfolio at EUR 100,000. Bitcoin now accounts for just over 60% of my portfolio. I would like to take this as an opportunity to share my Bitcoin story with you.

I bought Bitcoin for the first time back in 2017, but also sold it again at the time. I never held it, but actively bought and sold it. Even back then, I was toying with the idea of investing in Bitcoin, but my father kept talking me out of it because he thought it was nonsense. After experiencing one all-time high after another, I eventually decided to do my own thing and go all-in in Bitcoin.

It was also the only asset I was interested in at the time. I didn't care about shares, ETFs, gold, etc. So I went all-inand of course in 2021, at the absolute all-time high. I caught purchase prices of 40,000, 50,000 or 60,000 euros. Once all my money was invested, Bitcoin naturally went downhill.

A small insertion: All my money at the time was around 20,000 euros, out of the original 100,000 euros that my father gave me for my 18th birthday (I'm now 25). Where the remaining 80,000 euros went is a topic for another post.

Spoiler: they were not invested.

During this time, I sold a bit - according to the motto "buy high, sell low" - but thankfully I also bought more, so that I took losses, but was able to buy cheaper bitcoins for more or less the same money (with my own money).

I now have a solid plus and will sell another 10,000 euros worth of Bitcoin at a price of 120,000 euros. This will give me back my original all-in from 2021, namely €20,000, and I will simply hold the "profit", which is then around 0.2 Bitcoin, for the long term. I also have a savings plan of €2 per day.

I will only make the next sale (after the sale at €120,000) if my Bitcoin position has become so large that I could live well from the "safe return" on the capital market, then I will probably liquidate the position completely. But that is still in the stars.

The money from my first sale went into the $XEON (+0,03 %). It will be parked there until I can buy employee shares next spring. $DG (-0,15 %) next spring. The second tranche will be invested in $JEGP (-0,04 %) and $WEBN (+0,62 %) invested.

Thanks for reading, I look forward to answering comments and questions.

To anticipate one question: I know it's a bit contradictory to sell and have a savings plan running at the same time. However, I would like to get my 20,000 euros from back then back in dry cloths, but at the same time expand my position in the long term with the money I have earned myself. I hope this is understandable.

LG Age

Stabilize a little depot

current bargains

soft money in here 😀

In your opinion, what are the best long-term savings plans (stocks or etf) that are not from the USA and do not mainly cover the tech sector (or at least not the classics like NVDIA, Apple, etc.). I am currently investing in All world etf and msci World Information technology. But don't want to invest only in the industry. Had now for example $DG (-0,15 %) in view. Or what are your favorites?

Who benefits from the reconstruction of Ukraine?

Yes, it's a macabre topic - but the reconstruction of Ukraine will bring investment and economic opportunities that are already being talked about. The question is: which companies could benefit the most? Will construction companies like $DG (-0,15 %) and $HOT (+0,35 %) , machine manufacturers such as $CAT (+0,86 %) or energy companies like $ENR (+2,08 %) get the biggest contracts? Who do you think could play a central role in this reconstruction project?

Low performers, shitcoin collectors, uphill brakers and poolside swimmers!

Now it's time for a little #beerchallenge with me🍻

If you don't want to read it now: I spent two weeks with my boss and the camper including mountain equipment and gravel in the Schweiz🇨🇭 and in Südfrankreich🇫🇷

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🇨🇭🇨🇭 SWITZERLAND 🇨🇭🇨🇭

We first headed towards Kandersteg via Freiburg to take a look at Lake Oeschinen. I have to say, it's a beautiful lake with a great panorama!

We then continued towards Lake Geneva to Vevey to dip our big toe in the pond and (unintentionally) take a look at the $NESN (-0,19 %) the headquarters.

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🇫🇷 🇫🇷 FRANCE 🇫🇷 🇫🇷

First of all: rejoice you $DG (-0,15 %) shareholders, you got €65 toll from me.

We went to the Verdon Gorge via Grenoble. A bit up and down in just under 3.5 hours.

The next stop was the small coastal town of Hyeres on the Côté d'Azur for a swim and a tan.

Of course, we shopped at $CA (-0,76 %) and refueled at $TTE (+0,86 %) refueling.

Via St. Tropez, Cannes and Monaco, we then headed back home via Lake Maggiore.

After a total of almost 2200km, we had a moderately tasty meal at the lake Dosenbier❤️

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The end of the story:

We were on the road for a total of three weeks, drove 2700km and paid around €200 in tolls.

The vacation was good to get away from the hassle of saving money and enjoy life 🫶🏽

Greetings and kisses,

alpaca

Two new positions with first tranches opened this week in $ULTA (+0,22 %) and $DG (-0,15 %)

Why ULTA? Cosmetics and hygiene products are always bought, Ulta has absolute supremacy in North America and very loyal customers. Sephora is catching up, but is still behind Ulta. I also think the business is currently valued very favorably.

Why Vinci? I want to have a little more energy & infrastructure in my portfolio and Vinci really convinced me. Well diversified across various sectors, highly regarded by employees and positioned worldwide. The largest revenue driver is in construction with €31 billion, followed by energy with €19 billion, highways with €6 billion and airports with €4 billion.

Long-term investment horizon.

If you have any other exciting companies in the Vinci sector, please feel free to comment.

Vinci $DG (-0,15 %)

What do you think of the infrastructure giant?

Vinci is repositioning itself for the future. This is necessary because the French highway concessions expire in the next decade. It is possible because the French company generates high free cash flows every year.

At the end of March, the Group had liquid funds of 12.0 billion euros and unused bank lines of 6.5 billion euros. In recent weeks and months, the financial opportunities have been used to acquire further low-risk and mature assets with long maturities.

In April, Vinci announced the purchase of a 50.01% stake in Edinburgh Airport, where it intends to double EBITDA by 2030.

In June, the company secured a 20% stake in Budapest Airport with an operating concession term of over 55 years.

Vinci's portfolio now comprises 70 airports worldwide, 26 of which are in Europe.

However, the French company is also active in other exciting segments. The energy division in particular promises structural growth in the future). The share (; FR0000125486) had come under pressure due to the uncertainty surrounding the political developments in France), but was able to turn upwards again in the area of the technical support level of around EUR 98.00, which had already been successfully tested several times previously.

Irrespective of the outcome of the elections, it is considered unlikely that current concession agreements will be terminated by the government.

With a 2025 P/E ratio of 11, Vinci's valuation is at the lower end of the 10-year range (10 to 37).

Quick note: In France, new elections to the National Assembly have been announced following the EU parliamentary elections. These will take place on 30.06. and 07.07. After the CAC 40 slipped by around 2%, there are one or two bargains to be had in France. Today I finally found my target entry prices for $DG (-0,15 %) and $AI (-0,22 %) and quickly filled both positions😁.

Wishing you all a successful Börsenwoche👌🏻.