Almost forgot about the february update.

Starter looking more into dividend growth stocks and changed a bit of my persepective on my portfolio. Decided for the long-run this is (I think) more efficient for me. So I bought a lot of dividend growth stocks and ETF's and sold some of the high-dividend ETF's/Stocks:

Bought:

$SEL (-0,3 %)
$EUHD (-0,21 %)
$FUR (-0,33 %)
$WINC (+0,99 %)
$AGN (-0,3 %)
$INRG (+0,38 %)

Sold:

$SDIP (-0,55 %)
$PNL (-2,08 %)
$RWS (-1,06 %)
$PETR3 (-1,41 %)

Dividends received this month: €35,09

Dividends per montly average: €45,43

See you next month!

Fugro (FUR) — Dislocated Price, Asymmetric Upside

Fugro’s heavy correction has pushed the stock to levels that imply long-term stagnation, despite fundamentals that contradict that narrative. The company delivered €2.28B revenue and €161M FCF in 2024, maintains a strengthened balance sheet (net debt ~€437M) and targets 6–9% FCF margin and 11–15% EBIT margin by 2027. Current pricing values Fugro at barely 5–6× normalized FCF, far below peers in geo-services and marine engineering.

The withdrawn 2025 guidance triggered capitulation, but project timing, not demand, caused the downgrade. Structural drivers remain intact: offshore wind build-out, subsea infrastructure, coastal protection and energy transition surveys. A return to mid-term margins supports intrinsic values in the €10–16 range versus a market price near €8.

As a small portfolio position, the risk is bounded while upside is significant. Fugro’s selloff is mispricing delayed revenue as lost value — a clear technical opportunity for investors who size smartly and wait for cash flow normalization.

$FUR (-0,33 %)

as a dutchie I love dutch stocks and I want to invest more in other sectors then financials

https://getqu.in/3wi6Pl/

Let's see where this one goes..

$FUR (-0,33 %)

www.fugro.com/news/business-news/2025...