LoginSignup
image de profil
Tenbagger2024
@Tenbagger2024
6J·

Space share with a dividend yield to take off 🚀

Hello my dears,

our good @Dividendenopi (Gartenopi), mentioned in a comment yesterday that he was still looking for an exciting stock with a good dividend yield in the industrial sector.


When I then mentioned a space stock, he must have @Klein-Anleger had to smile a little. And he commented:


"There's no such thing as a space company paying dividends".


I'm really looking forward to the comments that I've managed to find a company.


I really like this one:


  • In 2027, the net result will grow by +203 %


  • Free cash flow remains constant (nevertheless, one should keep an eye on the debt)


  • EBIT margin and ROE increase well (but are not overwhelming, but good compared to other satellite operators. These often do not have a positive EBIT margin and are not profitable).


  • Dividend yield increases to an excellent 9 %


  • 82 % annual performance, despite high dividend yield (Growth and dividend)



  • P/E ratio falls and the PEG is then a good 1.2x



My dears, what do you like and what don't you like?


You should all be aware of the potential in the sector by now.


$SESG (-5,45 %)

SES S.A. specializes in satellite communication and media transmission solutions. With a fleet of around 120 satellites in two different orbits, geostationary orbit (GEO) and medium earth orbit (MEO), SES is positioning itself as a global player offering connectivity and video transmission on land, at sea and in the air. The expansion was accelerated by, among other things, the completed acquisition of Intelsat in July, making SES a global powerhouse in multi-orbit connectivity.


The company aims to increase profitability through targeted investments in new technologies and the modernization of its satellite fleet. Particular attention is being paid to the O3b mPOWER system, a satellite constellation in the MEO that provides high-performance connectivity for governments, mobile network operators and companies. Last year, the Group announced the placement of a dual-tranche bond with a volume of EUR 1.0 billion in June. This provides the Group with the necessary liquidity for future investments and expansion.


On September 25, European shares from the "space technologies" trend saw positive price reactions. The trigger was the announcement by German Defense Minister Pistorius that a total of EUR 35 billion would be made available for space projects and a security architecture in space by 2030. The initial reaction of SES S.A. was positive. The share stabilized at the GD 20 and thus laid the foundation for the next upward wave. In this scenario, the share could prepare to break out of the consolidation that has been ongoing since June and reach a 52-week high.


SES S.A. has a bold vision to deliver captivating experiences by distributing the highest quality video content and providing seamless connectivity around the world, anywhere in the world. As a leading provider of global content connectivity solutions, SES S.A. operates the world's only multi-orbit satellite constellation with a unique combination of global coverage and high performance, including the commercially proven low-latency O3b system in medium Earth orbit. By leveraging an extensive and intelligent cloud-enabled network, SES S.A. is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air. SES S.A. is a trusted partner for the world's leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners.

SES S.A.'s video network broadcasts more than 6,300 channels and has an unrivaled reach of around 362 million homes. The company provides managed media services for linear and non-linear content.

Number of employees: 2,118

attachment




attachment








ACQUISITION OF INTELSAT: A WINNING COMBINATION

attachment
attachment
attachment


Geographical distribution of revenues: SES S.A.

Year 2024

U.S.A. 713 million

Others 406 million

Germany 321 million

Others Europe 205 million

United Kingdom 203 million

Luxembourg 79 million

France 74 million


EUR in millions

Estimates

Year Turnover Change

2024 2.001 -1,43 %

2025 2.631 31,46 %

2026 3.490 32,68 %

2027 3.514 0,69 %

2028 3.566

Year EBIT Change

2023 -686 -590 %

2024 64 109,33 %

2025 85,33 33,33 %

2026 198,7 132,81 %

2027 287,3 44,63 %

2028 391,33

Year Net result Change

2023 -905

2024 15 101,66 %

2025 30,48 103,21 %

2026 35,96 17,97 %

2027 108,9 202,98 %

Year Net debt CAPEX

2023 1.252 405

2024 999 303

2025 5.391 675,8

2026 5.140 608,3

2027 5.005 730,7

Year Free cash flow Change

2023 3.074 2419,67 %

2024 703 -77,13 %

2025 599,7 -14,7 %

2026 521,5 -13,04 %

2027 566,2 8,57 %

Year EBIT margin ROE

2023 -33,79 % 4,63 %

2024 3,2 % 3,54 %

2025 3,24 % 9,34 %

2026 5,69 % 10,72 %

2027 8,18 % 12,43 %

Year Earnings per share Change

2026 -0,08

2027 0,08 +241,83 %

2028 0,23 +229,11 %

Year Dividend Yield

2023 0,5 8,39 %

2024 0,5 16,3 %

2025 0,5 7,69 %

2026 0,55 8,46 %

2027 0,59 9,08 %

Year P/E ratio PEG

2025 -38,2x

2026 163x -1x

2027 92.9x 1.2x

Market value 2,716

Number of shares (in thousands) 417,898

Date of publication 26.02.2025

attachment



Performance

1 week -1.44 %

1 month -3.63 %

6 months +10.45 %

1 year +82.38 %

attachment



@Multibagger
@SAUgut777

$SESG (-5,45 %)

36
75 Commentaires
image de profil
Raketentoni@Raketentoni
6J
I do the same for @Multibagger, here's the analysis for you using my formulas and I'm into dividends:

Here's an unvarnished look at SES S.A. (LU0088087324) - and I'll tell you right up front: This is a prime example of an absolute value trap, where your hard exclusion criteria are flashing like an alarm system.
Here are the current key figures (as at today, 26.02.2026, share price at around € 6.40)
Price-Earnings Ratio (P/E ratio): Extremely high to negative (In 2024, the bottom-line reported profit was a tiny €15m on €2bn sales. SES often slips deep into the red in quarters).
Price-cash flow ratio (KCV): approx. 2.6 (Attention: optical illusion, explanation follows below!).
Price-sales ratio (KUV): approx. 1.2.
Price-Book Value Ratio (KBV): approx. 1.0.
Dividend Yield: approx. 7.8 % (most recently € 0.50 per share).
The reality check according to your formulas
1. the core quality formula (sales growth + operating margin)
Here your filter experiences a total system crash:
Sales growth: organic growth in recent years has been a complete tragedy (stagnant to negative, mostly around -1% to +2%). The only growth now comes at the cost of the gigantic takeover of competitor Intelsat.
Operating margin: Satellite operators have a high EBITDA margin, but satellites become obsolete and have to be written off mercilessly. If we look at the real EBIT (the hard operating margin after depreciation and amortization), SES is often at a tiny 1% to a maximum of 9%.
Your score: In the best case scenario, you get a score of 10.
Your own judgment: Anything below 15 is weak. The share crashes through your quality grid.
2. the cash flow quality formula & dividend filter
Now it gets really exciting, because this is where the trap beckons:
SES generates massive operating cash flow (often over €1 billion).
BUT (The CapEx monster): The business model (launching satellites into space) is absurdly capital-intensive. CapEx eats up between 600 and 700 million euros a year!
The adjusted free cash flow (FCF) was around € 250 million in 2024. With the current market capitalization of around €2.7 billion, the free cash flow yield is therefore an attractive 9.2%.
The dividend check: The dividend (approx. € 185 million payout) is just about covered by this FCF. But at what price? SES is currently sitting on a gigantic mountain of debt of almost EUR 5.8 billion (net leverage of over 3.7x after the Intelsat takeover). Leaving the dividend untouched in such a massive debt situation borders on balance sheet acrobatics.
3. your ironclad exclusion criterion
You set the rule yourself: No buy if revenue growth is stagnant/negative or if operating margin is permanently < 5 % ist. Beides ist bei SES der Fall. Das organische Geschäft blutet langfristig aus, und unterm Strich bleibt (nach Abschreibungen) kaum Gewinn übrig.
​Dazu kommt das absolute „Story > Numbers" scenario: SES is currently selling the grand fantasy of a "multi-orbit revolution", Intelsat integration and the new European satellite network IRIS2. The harsh reality on the books, however, is a stagnating, highly indebted company that has to immediately put every penny it earns back into space just to avoid losing touch with Elon Musk's Starlink.
My conclusion (in a nutshell)
FINGER AWAY! Don't be dazzled by the almost 8% dividend yield. SES is not a real "cash machine", but an extremely capital-intensive, highly indebted infrastructure tomb whose share price has been on a downward trajectory for years (from over €20 in 2017 to €6.40 today).
This is exactly the kind of "value trap" that your own formulas perfectly protect you from.
•
14
•
image de profil
Tenbagger2024@Tenbagger2024
6J
@Raketentoni I can't quite understand the dividend payment given the high debt burden.
•
1
•
image de profil
TradingHase@TradingHase
6J
@Raketentoni That's a radically different view. Is it possible to be so extremely wrong about a share and its valuation?
I'm a bit shocked about appearance and reality.
•
1
•
image de profil
Raketentoni@Raketentoni
6J
@TradingHase I only work with formulas that clearly show me whether it is a buy or not according to my criteria. This here is a "BumsBude" 😬 you can go short
•
2
•
image de profil
TradingHase@TradingHase
6J
@Raketentoni Are these formulas that you feed into an AI?
••
image de profil
Tenbagger2024@Tenbagger2024
6J
@Raketentoni My dear, I can't tag you. I mentioned you in my traffic light post. Here the stock gets red. Seems to be a similar score to yours
•
3
•
image de profil
Dividendenopi👴@Dividendenopi
5J
@Raketentoni I don't see it quite as a value trap. The Intelsat merger has already resulted in synergy effects that can certainly compensate for the decline in the original core business. They will probably not become THE high flyer, but for a pure dividend hunter, a stable dividend with capital preservation would be sufficient for the time being, as cash flow is what counts. However, I am only just beginning to research this unknown stock in detail. Risky with imagination. Let's see
•
2
•
image de profil
Raketentoni@Raketentoni
5J
@Dividendenopi oh it's all good, everyone as they like. I say everyone has their own strategy 😬 I just like the exchange in the community.
•
1
•
image de profil
Dividendenopi👴@Dividendenopi
5J
@Raketentoni THAT is exactly what makes the community so valuable in my eyes. Not just pleasing the contributor with posts like awesome, super classy and I'll buy immediately. But also to take a differentiated look at the situation. And that, at least I think, is exactly the intention of our machinist😁😉 @Tenbagger2024. Of course he's happy to receive praise, but he's just as good at dealing with constructive contributions, which also shows him that people are looking at the titles and may have different views. I find your reasoning quite understandable and see many approaches that need to be examined before investing, and for me this is a very valuable contribution from you. In the end, everyone decides for themselves. I would say especially with this title... stay tunded
•
3
•
image de profil
Dividendenopi👴@Dividendenopi
5J
@Raketentoni I have one request, if you could perhaps take the time. I'm currently bogged down in $AAD, for whatever reason. I find the "company" quite exciting, even if at first glance there is absolutely nothing to be said for it. But they have made strategic acquisitions, yes on a small scale, and their specialization puts them in a stable position in relation to the big players in my eyes. And if the scenarios of a recovering economy come true, I see a lot of potential there. The dividend will (have to) be cut significantly this year, but I see this as a good speculative entry point to secure a more than adequate dividend yield in 2 or 3 years' time. I would be really interested in your view of the situation as an "outsider".
•
1
•
image de profil
Raketentoni@Raketentoni
5J
@Dividendenopi I did a quick one for you 😬 I love the choice of words in my promt 😂😂😂

You said it yourself: At first glance, there's absolutely nothing in favor of the "pad". And that's exactly where the problem starts. You're betting on a pure, cyclical turnaround scenario and the fantasy of a recovering German economy.
Let's put the bare facts and figures (as at the end of February 2026, share price after the recent massive crash at around € 28.85) on the table before the turnaround hope becomes too great. Amadeus Fire reported its preliminary figures for the crisis year 2025 just a few days ago.
Here are the 5 key figures:
Price-Earnings Ratio (P/E): approx. 30 (Earnings have imploded massively in 2025, earnings per share are likely to be just under €1.00).
Price-cash flow ratio (KCV): approx. 10 to 12 (operating cash flow is under massive pressure due to restructuring).
Price-sales ratio (P/S ratio): approx. 0.43 (With a tiny market capitalization of just € 157 million and annual sales of around € 364 million. The share looks dirt cheap).
Price-to-book value ratio (P/B ratio): approx. 1.2.
Dividend Yield: Historically absurdly high, but as you have correctly analyzed, it will be extremely painfully capped. Market expectations for the next distribution are around € 0.65. That would correspond to a yield of a meagre 2.2 %.
The reality check
1. the core quality formula (sales growth + operating margin)
The preliminary figures for 2025 are an absolute bloodbath:
Sales growth: business slumped by a whopping -17% last year (from over € 440 million to € 364 million).
Operating margin: Operating EBITA has collapsed to a meagre € 14 million. This corresponds to an operating margin of a tiny 3.8%.
The score: -17 + 3.8 = -13.2.
A negative score! The company is currently light years away from the hard 15 lower limit for "solid" growth.
2. the cash flow quality formula & dividend filter
If the operating business and sales are shrinking so rapidly, there is logically no massive free cash flow left to justify an FCF yield of over 5%.
In the dividend filter, Amadeus Fire clearly breaks the mandatory 3.5% barrier with the expected 2.2%. And the exception for lower dividends ("high growth, extremely strong balance sheet") does not apply here, as growth is currently deep red.
3. the iron exclusion criterion
Here the trap snaps shut without any mercy:
Sales growth stagnating or negative? Check (-17 %).
Operating margin permanently < 5 %? Sie ist in 2025 auf 3,8 % gekracht. Ob das "dauerhaft" bleibt, wird erst die Zukunft zeigen, aber die rote Lampe brennt lichterloh.
​Story > Numbers? Absolute check. Your entire investment thesis (stable specialization, recovering economy, fat dividend yield on the cost price in 3 years) is 100% "story" and hope for the future. The hard figures of the present do not reflect this in any way.
My conclusion (in plain language)
According to the strict qualitative and fundamental filter rules for real "cash machines", a tough buy ban applies here. Amadeus Fire has absolutely no place on the safe side of your portfolio.
BUT: We both know that you love extremes and avoid boring midfield stocks. If you consciously view this company as an extremely cyclical "lottery ticket" for the wild, high-risk side of your strategy, the world looks different.
Staffing companies are the ultimate leading indicator of the economy. When the market turns and companies wake up from their hiring freeze, the operating leverage of these heavily punished stocks pops brutally upwards. This is exactly where your hoped-for mega-dividend will come from in 3 years.
•
2
•
Voir toutes les 9 autres réponses
image de profil
Darkwingduck@Darkwingduck
6J
I don't like: payout ratio and dividend development. But I find it interesting because of the existing fleet and the share price performance compared with the rising margins. Sales distribution is also important to me here!
•
4
•
image de profil
Dividendenopi👴@Dividendenopi
5J
My best @Tenbagger2024, thank you again for following my suggestion and digging out this exciting company from your engine room. At first glance, wow, Europe, exactly my sector and then also space fantasy and a dividend yield in line with my prey scheme. I have to buy....halt...unfortunately it's not quite that simple after all. It's a really tough nut to crack and I haven't finished my research yet. It's been on a downward trajectory since the high over 10 years ago, has been bobbing around in the same range for 3 years in terms of highs and has probably been able to gain some momentum over the last 15 months due to the general satellite hype. They somehow got their act together at the beginning of 2020 and now the merger with Intelsat is supposed to fix it. The first tentative signs are emerging, so I'm generally not averse to launching a trial balloon here. I will definitely go into more depth over the next few days, even if it doesn't look super bouncy. Above all, I'm going to check the stability of the dividend, as I can see a few sticking points at first glance. But I was also almost laughed at when I placed a first small tranche at $AAD a few days ago. You have to have a bit of imagination to generate future dividend yields and also be prepared to take some risk. Clearly limited who knows me, but still. So first conclusion, not an immediate buy because it's cool, but worth a closer look. Thank you very much
•
3
•
image de profil
Tenbagger2024@Tenbagger2024
5J
@Dividendenopi I've just done a ranking on my machine and Amadeus is in 4th place with a dividend yield of almost 14.68% for German shares
•
2
•
image de profil
Dividendenopi👴@Dividendenopi
5J
@Tenbagger2024 Yes and still....there will be massive cuts here. Anything above €1 would be a big surprise for me. That's why it was a first small entry for me, which was also immediately provided with an SL. Surprisingly, things have been going quite well so far. Should the insiders be right with their purchases? Let's see what happens at the end of March, maybe I'll even place a second small tranche before then, we'll see in the next few days. A further investment depends on the figures at the end of March
•
2
•
image de profil
Tenbagger2024@Tenbagger2024
5J
@Dividendenopi I also find $MUM with a dividend yield of almost 7 % very interesting
•
2
•
image de profil
Dividendenopi👴@Dividendenopi
5J
@Tenbagger2024 I also have these in the "making" at the moment. I like to travel outside the US anyway, not just at the moment but always have. A 30% share is enough for me, even if there are a lot of wonderful titles there.
•
1
•
image de profil
Tenbagger2024@Tenbagger2024
5J
@Dividendenopi At $MUM, I like the fact that the founder is still on board. And could even be an AI winner
•
2
•
image de profil
Dividendenopi👴@Dividendenopi
6J
Grandpa is back from the garden, my mistress and the animals have also been fed and I've read your post. Thank you very much for your efforts 🫠🙃. I didn't know this before, but I'm going to delve deeper into it over a glass of wine 🍷.
•
2
•
image de profil
Tenbagger2024@Tenbagger2024
5J
@Dividendenopi there have already been plenty of comments. But as always, form your own opinion
••
image de profil
PikaPika0105@PikaPika0105
5J
The Luxembourgers from SES are practically the space urbans. Not an investment for me personally. Too expensive, too little innovation and no prospects in new markets. I just don't see them being as agile as young space start-ups and they are not Airbus or NEC either.
•
2
•
image de profil
Novius@Novius
6J
As a fan of dividends, this is definitely an interesting share. But the payout ratio ....
•
1
•
image de profil
GHF@GHF
6J
In any case, an exciting company in one of the sectors that will really boom by the end of the year at the latest. I had already looked at it a few weeks ago. Thanks to the latest takeover, I think they are now somewhat more broadly positioned and less vulnerable. But I was a bit confused by the dividend policy ... I opted for $OHB instead.
•
1
•
image de profil
Tenbagger2024@Tenbagger2024
6J
@GHF I also like OHB very much. I've already reported on it. But it has already gone well
••
image de profil
GHF@GHF
5J
@Tenbagger2024 I entered the market somewhat fortunately on 22 Jan and was able to take the last momentum with me. In my opinion, however, $OHB is one of the few German companies in this sector that should profit handsomely.
•
1
•
image de profil
NichtRelevant@NichtRelevant
6J
That's something really cool. Tech, dividends and European. That's three wishes at once. (Actually, that's really not possible... 😏)
I'll put it on my watchlist right away & can imagine it being super good for my portfolio. 🚀🚀🚀
•
1
•
image de profil
Dividendenopi👴@Dividendenopi
5J
@NichtRelevant nothing to do with you now, but @Get_Rich_or_Die_Tryin has set an SOS, now I would be very interested in his opinion
•
1
•
image de profil
NichtRelevant@NichtRelevant
5J
@Dividendenopi Then it's best to just ask. 😅

I think he doesn't like the figures, especially the debt. But I'm not sure if you can compare the company with a regular industrial company.
•
1
•
image de profil
Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin
5J
@Dividendenopi Here is my comment from elsewhere on this article:

Way too many if's in my view, dear. But first of all: thanks for the interesting introduction.

Now to the company: This is probably one of the most catastrophic financial profiles I have ever seen for a company that is not yet insolvent. The debt is already enormous in relation to sales, profit and FCF, especially against the background of such an extremely CapEx-intensive business. Hopefully this doesn't give a preview of how other satellite operators might fare should they eventually become profitable.🫣

The dividend eats up almost all of the remaining FCF, so what is there to finance real growth? At some point, further interest-bearing liabilities will no longer pay off.

What I can actually also imagine is that debt financing may no longer have been possible for the company's own growth, but it may have been possible for acquisition financing due to the prospect of a possible positive contribution to earnings from outside.

For me, almost everything doesn't quite fit here and I would say very clearly: Hands off.🤷🏼‍♂️
•
1
•
image de profil
Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin
5J
@NichtRelevant I'm bothered by the dividend and the amount of the dividend, given the amount of CapEx you have to spend in this business.🤷🏼‍♂️ FCF after dividend towards 0, I don't like that at all. And I actually only see very limited opportunities for growth.
•
1
•
image de profil
Tenbagger2024@Tenbagger2024
5J
@Get_Rich_or_Die_Tryin The only strange thing is that analysts recommend the share. And the share was able to generate a performance of 80 % last year. I don't think the situation looks any better for Irish and many other stocks. Nebius and Oracel also have their problems. And some of these stocks are being hyped.
•
1
•
image de profil
Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin
5J
@Tenbagger2024 Everything you say may be true. But it bothers me and that's why we don't need to discuss who can or can't see something positive.

It's nothing to me and anyone who wants to put it in their depot can do so. The ones you mentioned show at least approximate growth, which I definitely don't see here with the debt situation. And the financing for some of them is also safe thanks to corresponding contracts. I also see risks here, as I have already mentioned. And the valuation here is out of this world, even in relation to the "comparable companies" you mentioned.

And we all know that past performance is no indicator for the future.😉

So: feel free to jump on if you want, I'm definitely out of it, the overall picture is absolutely too unrounded for me.
•
1
•
image de profil
Tenbagger2024@Tenbagger2024
5J
@Get_Rich_or_Die_Tryin 200% growth in net income is nothing to you. 93 P/E is also not unusual for a company that has just become profitable. But I can also understand your arguments. And as I have already written, there is also some risk in the share. New orders and the associated sales growth should drive the share. But any negative news could also send the share plummeting. That's why I can absolutely understand your arguments, and I'm not that far removed from you. I'm already in the sector at $GILT, and as I'm not a dividend investor, I'm staying with Gilat.
•
2
•
image de profil
Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin
5J
@Tenbagger2024 the question that concerns me more here is actually: sales growth at what price do you buy here? I find the overall constellation here really difficult.
•
2
•
image de profil
Tenbagger2024@Tenbagger2024
5J
@Get_Rich_or_Die_Tryin see the entire sector with opportunities but also with many risks
•
1
•
image de profil
Tenbagger2024@Tenbagger2024
5J
@Get_Rich_or_Die_Tryin I see space x in a similar way. Space x could not survive without Musk in the background. The costs for such projects are enormous. You can't recoup a large part of that with sales. That's why I'm really excited about the IPO
•
1
•
Voir toutes les 11 autres réponses
image de profil
Keineui@Keineui
6J
Something is wrong. Losses incurred and fat payouts? Someone has booked a nice bonus...the shareholder structure is also strange. I'm not really convinced yet. What do you think about it yourself, dear @Tenbagger2024, do you include it in your portfolio?
•
1
•
image de profil
Tenbagger2024@Tenbagger2024
6J
@Keineui The debt is not exactly small, but it is being reduced. And once the financing is in the bag, it shouldn't be a problem. Because I'm positive about the takeover. The profit growth is of course already very good, so it's important not to disappoint. In my opinion, dividend investors are loyal and don't sell off a share quite so quickly. If the margins could be increased further, it would be a great success. But the increase in profits should not only come from an increase in margins. That's why it's also important to win more customers and increase sales. Perhaps wait until there are estimates for 2028. If there is also a further increase here, I see it as positive for the time being. But the share remains speculative. And it also has a few ifs. @Get_Rich_or_Die_Tryin ??
•
1
•
image de profil
Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin
6J
@Tenbagger2024 far too many ifs from my point of view, my dear. But first of all, thank you for the interesting introduction.

Now to the company: This is probably one of the most catastrophic financial profiles I have ever seen for a company that is not yet insolvent. The debt is already enormous in relation to sales, profit and FCF, especially against the background of such an extremely CapEx-intensive business. Hopefully this doesn't give a preview of how other satellite operators might fare should they eventually become profitable.🫣

The dividend eats up almost all of the remaining FCF, so what is there to finance real growth? At some point, further interest-bearing liabilities will no longer pay off.

What I can actually also imagine is that debt financing may no longer have been possible for the company's own growth, but it may have been possible for acquisition financing due to the prospect of a possible positive contribution to earnings from outside.

For me, almost everything doesn't quite fit here and I would say very clearly: Hands off.🤷🏼‍♂️
••
image de profil
Tenbagger2024@Tenbagger2024
6J
@Get_Rich_or_Die_Tryin The margins at $GILT had also deteriorated considerably. That's why @Multibagger was also out. But strangely enough, the share is still doing well
•
1
•
image de profil
Keineui@Keineui
6J
There are more space companies that pay dividends. See $012450, but they have already done well...
Edit: if you take a look at $JEDI, for example, you will see that there are some Space companies with dividend payments. I have to admit that I don't know that much about space. Thanks to the community here, I was able to make good money with $ASTS last year. But the trend in the industry is also super capital-intensive...
•
1
•
Max@Divident_e
6J
My dear. Completely detached from the earth
•
1
•
image de profil
Klein-Anleger@Klein-Anleger
5J
Hi, where do you actually get these companies from? I've honestly never heard of them...

But my assessment: solid growth at first glance, albeit very volatile. The fact that profitability is set to be achieved again next year is also positive.
I also think it's nice to have a non-American company here, which will probably be more important in the future when it comes to the allocation of new government funds...

But one question:
Why this dividend on credit? Huh? I can't see the strategy behind it. Is it just to get bonuses, is there an activist investor?
I mean, I believe in the entire space sector, etc. There's still a lot of growth potential here, why not invest every cent you can to expand the business?

I will put the share on my watchlist, but not in my portfolio for the time being. Firstly, Rocket Lab accounts for just under 30% of my portfolio, which means I already cover the Space segment, and secondly, I don't understand the management strategy with the dividend...
In my opinion, a company should only pay out dividends as soon as I can invest the money with a higher return than the company itself. So if the management says they can't get a 15-20% return on capital per year, then this company is not an investment for me for the time being 🤷

Thank you very much for your input!
LG small investor 😊
•
1
•
image de profil
Tenbagger2024@Tenbagger2024
5J
@Klein-Anleger With pleasure, my dear. Perhaps the dividend is intended to bind investors to the company.
•
1
•
image de profil
Chris@Multibagger
6J
I think it's good. Might become my new $GILT 😉
••
image de profil
Tenbagger2024@Tenbagger2024
6J
@Multibagger That's why I marked you. You will then even become a dividend investor.
•
1
•
image de profil
Chris@Multibagger
6J
@Tenbagger2024 has always been my secret goal. 😉
•
1
•
image de profil
Tenbagger2024@Tenbagger2024
6J
@Multibagger then stick to the @Dividendenopi. But it will take a while, it's in the garden
•
1
•
image de profil
Chris@Multibagger
6J
@Tenbagger2024 It's not that bad. But when I'm a grandpa, I'll also go for dividends. But it'll take a while. I've just asked my son. He thinks about 8-10 years. The @Dividendenopi has that as the main component and a small speculative fun component. For me, the ratio is pretty much the other way around.😎
•
2
•
image de profil
NichtRelevant@NichtRelevant
6J
I find the story very exciting. Of course there are risks, but if you look at the fact that many companies want to get into this business first and are making massive losses, I think $SESG is attractive. They already have satellites in orbit. They are already earning money. They have a positive cash flow. And they will also build up pricing power, as European military and government customers will be careful not to use US providers for critical infrastructure in the future.
••
image de profil
Tenbagger2024@Tenbagger2024
6J
@NichtRelevant I wouldn't necessarily be put off either. You don't pay for a takeover like this out of petty cash. The high dividend doesn't quite make sense to me. But in the end, the share delivered a good performance. And if the company were nothing, you should be able to see that in the share price. But as I said, keep an eye on it and possibly pull the ripcord
•
1
•
image de profil
Tenbagger2024@Tenbagger2024
6J
@NichtRelevant I have often listened to others and allowed myself to be influenced. And in the end I was annoyed not to have bought.
•
1
•
image de profil
NichtRelevant@NichtRelevant
6J
@Tenbagger2024 I am up 0.5% at $SESG compared to this morning. After all, a whole 5.20 euros... 😅
••
image de profil
Tenbagger2024@Tenbagger2024
6J
@NichtRelevant Such a short period is not relevant. Unless you want to trade
••
image de profil
NichtRelevant@NichtRelevant
6J
@Tenbagger2024 No, no. I am not a trader. You are right in saying that dividend investors tend to be loyal investors who don't jump ship so quickly. I've held most of my investments for an extremely long time. I've held $DTE since the Emmision in 1996. I've also held $MUV2 forever. I actually always play a 'long game'. I'm not used to it any other way, as I come from a real estate background and generally think in longer time horizons.
•
2
•
Participez à la conversation
S'inscrireConnexion