Up 10% in total and already received a net dividend of €50. I like my Torm. And if it ever goes into the red, these fleets always pay out dividends, which I can continue to invest in current low-cost dividend stocks. It helps to keep the cash flow going. I think that when the war comes to an end, they will also drive more oil, chemicals and the like. TORM has high margins before interest, taxes, depreciation and amortization (EBITDA) and is regarded as one of the most attractive on the market in terms of valuation based on the company's earnings. However, according to analysts, it is valued at around €19, i.e. €1 above the current share price. At least it does not appear to be overpriced... 🤔
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@felipeestupendo I find them attractive too. Maybe they'll go down a bit more - if I have some spare cash, I'll buy a few more.
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•@NichtRelevant but no spontaneous purchases, always read the latest news of the last 7 days. It's a buy-and-hold stock. The return comes from the dividend. 🤠
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I got in at the beginning of the year and I keep buying more with the dividends. I'm curious to see how it will develop over the next few years, but I see potential (although it is a cyclical - but you know that...)
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•@fizzelfritz Exactly. You know it's a cyclical and you shouldn't be afraid of it.
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