Another quarter is behind us, and after this past 🦘 month, I find it amusing to note that this year, it seems the last month of every quarter always ends up in the red...

But that doesn’t really bother me right now, because when viewed on a quarterly basis, everything still fits well into the overall picture...

...and from an annual perspective, things aren’t looking too bad so far either...

...for a relatively conservative, dividend-focused portfolio that isn’t heavily weighted toward tech, so everything’s still within reason...

...and from a long-term perspective, everything continues to fit into the overall strategy.

Sure, things can always go better, faster, higher, and further, but considering the resources and the overall conditions, everything is perfectly within the target range 🫠

》DIVIDENDS《

Despite the pesky taxes, this month still yielded €215.63 in net dividends, corresponding to a YOC of 6.28 (target range between 6–7%).

》TOP 3《

$HAUTO (-3,78%) + 9.89% (+147.82%)

$ASWM (-0,23%) +4.31% (+24.81%)

$VAR (-1,29%) +0.86% (+70.93%)

》FLOP 3《

$AII (-6,93%) -19.10% (+19.85%)

$3750 (-1,61%) -16.85% (+87.16%)

$DTE (-0,63%) -8.15% (-4.61%)

》 NEW ADDITIONS 《

43.95 x $WINC (+0,12%)

24 x $AII (-6,93%)

10 x $MUX (+0,81%)

1 x $MUV2 (+2,22%)

》DISPOSALS《

----

》CONCLUSION《

Everything remains the same, except that the final certification (DATEV LuG) is still pending this month, and with the change of the month, we’ll also have to complete the move into our new apartment.

With that in mind, things continue to be exciting, so I wish you and your portfolios all the best 👍🏻

To further diversify my portfolio and pursue dividend growth, I purchased the following stocks on Wednesday and Thursday, which I am now gradually adding to:

35 shares $UPS (+0,45%) at €80.99

10 shares $WSO (-0,96%) at €288.10

50x$VIPER at €35.48

10x $EL (-2,14%) at €144.82

I also made additional purchases of

20 shares $MBG (-0,95%) at €42.25

15 shares $MUX (+0,81%) at €23.02

Currently, there are still approximately 10K available that are scheduled to be deployed in the market before December to expand positions.

The four additions mentioned above will be expanded by approximately 5K.

The other 5K are planned but not yet set in stone for:

Netflix; McDonald’s; Vistra Energy; Deutsche Telekom; and Oracle.

Have a great Sunday, everyone ✌🏽

$MUX (+0,81%) is under pressure. What should I do?

$MUX (+0,81%) completes the sale to Hyundai Heavy Industries Power Systems (HPS). Since acquiring NEM from Siemens in 2022, Mutares has successfully restructured the group. According to the CIO, Mutares has reached an important milestone with this sale. The sale underscores Mutares’ ability to achieve its strategic goals. Mutares has thus begun the monetization of projects in the second half of the year, as announced in Q2. We’ll see if more follows. Unfortunately, the parties have agreed not to disclose the purchase price or the terms of the agreement. Therefore, we’ll have to wait for the Q3 results to see how the sale impacts earnings.

$MUX (+0,81%)

Hi everyone,

I’m still fundamentally convinced by Mutares’ story and see a lot of potential in the long term. At the same time, I’m starting to feel a bit uncertain given the current price trend.

The stock price is stagnating or, despite what are actually promising operational developments, keeps slipping. That’s exactly why I’d be interested to hear how you assess the current situation.

Thank you very much and best regards.😺

https://mutares.com/mutares-verkauft-walor-precision-turning-an-reed-capital/

$MUX (+0,81%)

Munich, July 27, 2026 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully sold Walor Precision Turning, a division of FerrAl United subsidiary Walor International, to Reed Capital, an independent investment firm based in Paris and London.

A sigh of relief for all investors in the investment company Mutares (SDax)
$MUX (+0,81%) ! The German Financial Supervisory Authority (BaFin) has officially concluded its lengthy audit of the 2023 annual financial statements. What had hung over the stock price like a dark sword of Damocles for months ultimately turned out to be a minor bureaucratic issue.

Here are the key facts for shareholders explaining why this is a real relief:

📈 The highlights at a glance

• No accounting scandal: BaFin’s only objection was that the notes to the financial statements lacked a legally required disclosure regarding the remaining maturity of receivables from affiliated companies.
• Mutares acted quickly: The error is long past. Mutares has already fully and retroactively supplemented the missing information in the annual financial statements for 2024 and 2025. Investors’ need for information was thus met even before the BaFin decision.
• Forecast Flawless: BaFin’s review of the information regarding the expected development in the Group Management Report approved without any objections .
• Share price surge at the opening bell: The stock reacted promptly and surged by just under 4% at the opening, before settling at a gain of about 1% .

Conclusion: After a tough year in which the stock lost about 22% of its value due to uncertainty surrounding the BaFin audit and postponed financial statements, the air has finally cleared. The uncertainty is off the table, the company’s hands are clean—is the path now clear for a fundamental recovery? https://live.deutsche-boerse.com/nachrichten/ROUNDUP-Bafin-schliesst-Pruefung-bei-Mutares-ab---Verhaltene-Freude-bei-Anlegern-1ea0a278-d3fb-4e33-b9b7-33cc572356dd