Another month has passed, and it’s time once again to take a quick look into the engine room...

...actually, not much has changed in the big picture, except that after 38 months of consistent performance, the 40k mark has been broken, and so the final sprint of the first half has now begun...

...it’s not a high-flyer portfolio, but so far it’s been a solid growth story, and as the saying goes, every little bit helps...

...which is why YTD hasn’t changed much either...

...nor has it since the very beginning...

...the structure, however, is a different story, and so there were a few changes to the portfolio this month...

》New Additions《

$WINC (-0,63 %) 244.01x

$MUV2 (-1,34 %) 1x

$AII (+2,74 %) 101x

》Exits《

$EVD (+1,04 %) 25x

$3750 (-2,69 %) 8x

》Top 3《

$HAUTO (-0,69 %) +24.42% (+122.67%)

$VAR (+3,93 %) +19.82% (+60.72%)

$DTE (+0,68 %) +10.61% (-1.53%)

》Flop 3《

$3750 (-2,69 %) -10.58% (+128.32%)

$ASWM (+0,62 %) -9.86% (+17.84%)

$YYYY (+0,37 %) -7.01% (-4.80%)

》Dividends《

This month, there were €252.24 in net dividends, representing a 12.24% increase year-over-year.

》CONCLUSION《

Everything’s business as usual, so we can relax and prepare for next Friday’s upcoming DATEV certification 👍🏻

I wish everyone continued success, and may dividends and growth be on our side 🫡

...besides $BATS (-0,82 %) and $3750 (-2,69 %) the next value has now also -> $HAUTO (-0,69 %) the 100% mark 🫠

$HAUTO (-0,69 %)

Finances Q1 2026

• EBITDA: USD 145 millionstable compared to previous quarter despite additional costs due to Hormuz crisis .
• Net result: USD 103 million .
• Dividend payment: USD 94 million in the quarter (16th quarter in a row) .
• Cash & liquidity: ~ USD 500 million at the end of the quarter .
• Operating cash flow: USD 144 million .

Market & demand

• Chinese car exports explode:
• Total +57 % YoY
• EV/hybrid exports +80-90 % YoY .
• Global light vehicle sales: -5 % YoYbut China compensates with massive exports .
• Strong demand for High & Heavy (construction machinery): +31 % YoY from Asia/China .

Capacity & fleet

• 8 out of 12 Aurora newbuilds already in operation .
• Charter market extremely tight: only 2-3 ships available available until summer, prices continue to rise .
• Industry orderbook: from 42 % to 20 % fallen - new capacity is fully absorbed .
• Ageing legacy fleet → increasing likelihood of scrapping . scrapping in the coming years .

Contract situation

• Overbooking of 80 % contract coverage for 2026; large part of 2027 already secured .
• USD 160 million in new contracts per quarter .
• Spot market only 6 % of the volume, mainly high & heavy

Fuel costs & BAF mechanism

• Hormuz crisis causes massive increase in bunker costs; full effect only visible in Q2 .
• BAF (Fuel Surcharge) compensated ~95 % of the costs - but with a 5-6 month delay .

Outlook Q2 2026

• Q2 heavily burdened by:
• +20m USD Fuel costs
• USD -10 million Middle East disruption .
• Expected EBITDA: slightly below or at the level of Q1 (adjusted) .
• No return to the Persian Gulf planned in the near future .

Cycle & market position

• Market is clearly driven by the Chinese export boom driven; absorbs all new builds and keeps rates high .
• No signs of falling rates in the current environment

Source seekingalpha.com, Copilot summary

As a logistics specialist, I am considering expanding this area in my portfolio.

I currently have :

$KCC (+2,79 %)
$DHL (+0,36 %)
$MPCC (+1,37 %) and a very small position $HAUTO (-0,69 %)

I am clearly in the black with all positions.

From my professional experience, I see clear potential in the sector, but I lack inspiration.

What is your top stock in the sector, or where would you like to invest?

What a wild ride that was, please ?!? Even the poor kangaroo gets sick...

🦘📈🦘📉🦘📈🦘📉🦘📈 🦘

...and personally don't really believe that the current situation is the end of "Pinky and the Brain"...

... "Pinky" still has to live up to the bets of all his boddies, has his back to the wall domestically with regard to the mid-terms and "the Brain" still has no interest in the end, after all, he still wants to permanently occupy at least southern Lebanon (incorporate the country) and therefore continues to escalate...

...my conclusion from this is that "Pinky" will launch a limited ground offensive over Easter or shortly afterwards in order to sell it strategically at home or to be able to announce something successful at all, the outcome of which is still completely open, while "the Brain" is already forging plans on how he can continue to pursue his goals even after a possible US exit - the end is open - regardless of the fact that the energy issue will still not be resolved after the end 🤷🏻‍♂️

But let's get back to March...

...even though the month was difficult, it ended with a small gain on the bottom line or even just below the last ATH...

...shows me, conversely, that my consistent strategy and steady fingers have been able to survive such market phases relatively well so far 💪🏻

In terms of the year as a whole, the first quarter has also been relatively successful for the circumstances and when I think about the fact that the overall portfolio is just ~1.5-2% below my chosen September milestone, the whole thing reassures me immensely or rather... is going better than forecast 🫠

In the long term, of course, everything is still on target and so not only are the nights still calm and cozy, but I also know that the dividends will continue despite everything, which brings us back to the next topic...

》Dividends《

This month there were €116.68 net dividends, which means an increase of 164.41% YOY 💪🏻

YoC (TTM) is ~6% and thus slightly below the target range, although the good months are yet to come...

》Outflows《

$PDI (-0,1 %) (35x)

$VICI (+0,89 %) (35x)

》Accesses《

$ALV (-0,79 %) (5x)

$EVD (+1,04 %) (25x)

$FWRG (-0,35 %) (73x)

》TOP 3《

$3750 (-2,69 %) +28,67% (+89,65%)

$VAR (+3,93 %) +23,61% (+55,54%)

$HAUTO (-0,69 %) +11,31% (+79,18%)

》FLOP 3《

$HSBA (-1,71 %) -8,25% (+45,21%)

$ASWM (+0,62 %) -6,51% (-8,38%)

$MUX (-0,37 %) -5,70% (+27,30%)

Furthermore, all contracts for the continuation of my training were signed and sealed this month, which was also pleasing and comes with a small salary increase 😊

That's all from me for now and I wish us all a successful April

...the dividends keep coming 🫠

"So hop in with a relaxed attitude"

🦘📉🦘📈🦘📉🦘📈🦘📉🦘📈🦘

Hello,

Tell me, so far the dividend has always arrived on payday, but I haven't received any yet. I am with TR. Has anyone already received the dividend?

Greetings Thomas

$HAUTO (-0,69 %)

As some of you may have noticed, things have become a little quieter around me and my constant news flow, or rather, for certain reasons, I have stopped writing for the time being.

There are several reasons for this...

...on the one hand, I received a "nice" email from Getquin itself, on the other hand, my training, which was previously interrupted due to an urgent operation, will finally continue in April and the last IHK final exam (accounting specialist) in the field of tax law is coming up after a short time, so you have to sit on all 5s and do something about it.

After that, the certifications from DATEV itself, i.e. "DATEV accounting/DATEV payroll accounting", are still on the agenda and so I'm busy cramming, learning and implementing until the end of the year, in addition to everything else...but nothing comes from nothing.

I also don't really like some developments, grades, dictation and the constant reduction in services, even for premium customers, on the part of the platform operators...

...regardless of the fact that I can't really do anything with the coins I've collected so far anyway, the whole thing about the coins has gone up in smoke and mirrors...

...I don't really need overpriced caps, T-shirts and the like for coins either, I'm not a free or at my own expense free advertising medium and it doesn't help if you get an e-mail with a thank you for the arrangement and a stupid note at the same time...could have sent an appreciation or supporter package for the "arrangement" on their own initiative without a stupid hint...it's more common in the market...but no matter, the community support from Getquin is more and more like falling asleep...at some point the tingling just stops 😅

Be that as it may, February was a relatively good month this year despite all the capers...

...even after tearing several small ATH's, it has positioned itself today, just below the last one 😊 ...but also in the overall view of the year...

...it still looks quite good so far and even in the long term, everything is in the green 👍🏻

So now it's time to keep the ball rolling and stay true to our own strategy, which should pave the way for further growth with Orange.

In addition to value, the focus was of course once again on my beloved dividends and so last month there were €133.34 in net dividends, which represents an increase of 38.85% in the YOY and will be further expanded over time. The good months are still to come....😊

》Top 3《

$HAUTO (-0,69 %) +26,34% (+64,76%)

$DTE (+0,68 %) +23,34% (+20,19%)

$VICI (+0,89 %) +8,89% (+25,35%)

》Flop 3《

$ASWM (+0,62 %) -8,54% (-4,05%)

$YYYY (+0,37 %) -6,43% (-9,68%)

$1211 (+2,56 %) -3,95% (-13,58€)

》Purchases《

$1211 (+2,56 %) 10x

$PID 35x

Apart from that, there wasn't really much else worth mentioning this month...

...so in this, wishing everyone another good hand...see you soon 👋🏻