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MaK
@DollarDon
2Année·

I fell in love with this company and need your help 🙄


For weeks I have been toying with the idea of joining

SAMHALLSBYGGNADSBOLAGET.


the company rents apartments in the Nordic countries such as Sweden or Finland. The apartments are usually social housing for pensioners and students. Since the Scardinavier have a strongly developed welfare state, which as a reliable payer appearance one does not need to fear rent defaults✅.


looking at the numbers, one might think it is a high growth techstartup. In the last 5 years, revenue has risen by 400%, while EBIT has increased sevenfold ❗️


In the future, the company wants to build even more social housing and is also thinking of its shareholders🤔 so it pays a monthly dividend.


Withholding tax

one thing that bothers me quite a bit is the withholding tax of 30%, of which 15% is creditable in Germany 😪

from my point of view, this is the only thing that still keeps me from buying, because I do not like to support governments with my profits.


Would you accept the withholding tax if you are enthusiastic about the business model?


what risks do you see here that are not yet priced in? 🤔


Maybe there are experienced investors here who can give me a second opinion. I am thinking of@Divmann
@GoDividend or the accountant ?



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13 Commentaires
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Johannes@Johannes_J
2Année
I copied the answer from DKB from a forum: "Your securities account is already documented for US withholding tax. You will receive the reduced withholding tax rate for dividends and the fee of 11.90 euros will not apply.



For the following countries you can set up a withholding tax pre-reduction for 11,90 Euro each: - Finland - France - Iceland - Israel - Italy - Japan - Canada - Norway - Portugal - Sweden - Spain - South Africa - South Korea - Czech Republic For the following countries the withholding tax pre-reduction is already set up automatically: - Australia - Brazil - China - Estonia - New Zealand - Austria" If you want to buy as the stock, you could reduce the withholding tax at DKB by application.
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MaK@DollarDon
2Année
@Johannes_J Thanks for the info. Maybe that's a possibility since I'm with Dkb anyway ❤️
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DiFigiANo@DiFigiANo
2Année
@Johannes_J Is the 11.90 a one-off payment?
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Johannes@Johannes_J
2Année
@DiFigiANo I'm not entirely sure, but for France, for example, this applies for 3 years, i.e. approx. 4€/year
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MarsEquities@CircusClown
2Année
I also had a look at the company. The bizarre Swedish accounting then kept me from buying. Viceroy has written something interesting (even if partly wrong): https://twitter.com/viceroyresearch/status/1548992031191703553?s=21&t=iFqsUOpwxbNF-8T6J6t9aQ And this thread on the earnings call was also interesting. https://twitter.com/gabe_bernarde/status/1539734401168592896?s=21&t=iFqsUOpwxbNF-8T6J6t9aQ Since I have no special know how in real estate shares, I prefer to stay with $O and $WPC, which I also understand.
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MaK@DollarDon
2Année
@ClermitInvest Thanks for your links. I'll definitely take a look at the articles!
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MarsEquities@CircusClown
2Année
@DollarDon https://twitter.com/mf_holdings/status/1549795232388206595?s=21&t=_T5gjh0ZJoLIfHk_U0otIw also interesting, deputy CEO sells 41% of his shares because of an alleged margin call that he cannot cover.
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Dividende > Zinsen@GoDividend
2Année
I am not familiar with the company mentioned, but I know that it is included in my ETf with whisdomtree global quality Dividend (0.02% share rank 414 out of 600 😅). I looked up the withholding tax at divizend and you could also get the withholding tax back through them
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Divmann@Divmann
2Année
I've never taken a closer look at them, so I can't say much. I only know that there were accusations against them recently that they didn't show all their debts on their balance sheet... this was of course denied, but it wasn't that long ago.
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Homer@Simpson
2Année
Keep your hands off it 😉 If you're going to do real estate, then a US Reit is better 😉
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MaK@DollarDon
2Année
@Simpson why don't you think the economy in Sweden is stable enough? 🤔
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Homer@Simpson
2Année
@DollarDon this welfare is somehow a thorn in my side and at some point everything will blow up in the Swedes' faces, plus paperwork with withholding tax 🤔
Personally, I somehow have less and less desire to invest in Europe and will concentrate my investments in the USA.

But if you really want them, open a small position, I feel the same way when the idea is in my head, just do it ☺️👍
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six@six
2Année
The Mauerstrassenwetten Mamsel, who insulted the community so badly and was then kicked out (whereupon all of them then made great videos of how they delete themselves), hyped it up so much... What a sentence 😉
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