Dear Community,

To kick off the week, I’d like to introduce you to my “Pick-and-Shovel” wikifolio “Euro AI Backbone” (in German: Backbone). More detailed information will follow; for now, this is just a rough overview.

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Background

The market’s focus is primarily on the U.S., while Europe often plays a more subordinate role. Yet recent years in particular have made it clear just how dependent Europe is on other countries such as the U.S., Russia, and China.

By the time the “Orange Man” began his second term, it had become clear:

Europe must become more independent —not only in the field of defense but also in the field of AI.

For nearly five years, Goldman Sachs has maintained an index called “EU AI Capex,” which consists of 64 European stocks. This served as the blueprint for my wikifolio.

The wikifolio was launched on June 18, 2026. For the wikifolio to receive “Investable” status, it needs, among other things, 10 bookmarks. So I’d really appreciate it if you could click “Add to Watchlist” on the wikifolio—thanks in advance.

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The “Pick-and-Shovel” Approach

The wikifolio aims to cover as much of the value chain for operating modern artificial intelligence as possible.

The focus here is primarily on five areas:

• The Shovels: Semiconductors and machinery (e.g., lithography systems, wafer deposition, chip assembly)
• The Gas: Electricity and energy generation (e.g., wind power, hydroelectric power, solar power plants)
• Highways: Networks and cables (e.g., transformers, high-voltage undersea cables, power grid infrastructure, transmission lines)
• The brain: Automation and data center cooling (e.g., liquid cooling, power distribution cabinets, data networks, control systems)
• The Physical Foundation: Construction, emergency power, and security (e.g., construction of the facilities, emergency power generators, cybersecurity)

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Investment Universe

The portfolio includes European large-, mid-, and small-cap stocks.

Focus: Technology (semiconductor equipment), utilities (electricity, grids), and industrials (automation, specialty cables, data center construction, cybersecurity).

The Core: European market leaders with global monopolies and competitive moats.

The Tech Specialists: Profitable second-tier suppliers as yield boosters.

The foundation: Energy producers, grid operators, and construction specialists for stable cash flows and risk hedging.

Regular rebalancing, which typically takes place at the beginning of each month, prevents concentration risk. While the foundation remains unchanged, the weightings of individual securities may be adjusted. The replacement of individual stocks, the addition of new stocks, or the exclusion of individual stocks can also take place at the beginning of the month.

Initially, the portfolio consists of 37 stocks. There is no cash reserve.

The current allocation of holdings is as follows:

By sector:

• Industrial: 44%
• Utilities: 29%
• Technology: 26%
• Consumer Discretionary: 1%

By country:

• Germany: 24%
• United Kingdom: 14%
• Switzerland: 13%
• Netherlands: 12%
• France: 12%
• Spain: 10%
• Italy: 9%
• Denmark: 2%
• Finland: 2%
• Austria: 2%

Investments are made exclusively in European stocks. None ETFs, no investment certificates, no funds, no leveraged products.

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Initial Holdings

At the start, the portfolio comprises the following 37 securities, sorted by their current weighting:

Infineon $IFX (-2,97%) , ASML Holding $ASML (-1,11%) , Siemens $SIE (-1,31%) , Enel $ENEL (+1,08%) , Rolls-Royce $RR. (-2,1%) , Schneider Electric $SU (-3,1%) , Iberdrola $IBE (-0,97%) , ABB $ABBN (-1,67%) , VAT Group $VACN (-3,42%) , Siemens Energy $ENR (-0,89%) , Prysmian $PRY (-3,2%) , ASM International $ASM (-2,36%) , BE Semiconductor Industries $BESI (-6,52%) , STMicroelectronics $STM (-2,17%) , RWE $RWE (+1,43%) , E.ON $EOAN (+1,04%) , Legrand $LR (-0,75%) , National Grid $NG. (+2,32%) , Nokia $NOKIA (-4,21%) , SSE $SSE (+0,49%) , EDP Renovaveis $EDPR (+1,67%) , Hochtief $HOT (+0,08%) , Red Eléctrica de España $RED (-2,15%) , Nexans $NEX (+0%) , United Utilities $UUGRY (+0,28%) , Enagas $ENG (+0,06%) , Centric $CENTR (-0,19%) , Spirax-Sarco Engineering $SPX (+0%) , Soitex $SOI (-4,79%) , Geberit $GEBN (-0,74%) , Aixtron $AIXA (-4%) , Orsted $ORSTED (+2,82%) , Verbund $VER (+2,07%) , SAFRAN $SAF (-1,26%) , Thales $THALES (-1,02%) , NKT $NKT (-1,33%) , Andritz $ANDR (-0,44%)

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Holding Period

Since infrastructure development is likely to continue for several more years, the holding period is clearly geared toward the long term. Short-term trading is avoided.

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Sources of Information

The following sources of information are primarily used to identify stocks:

Companies’ quarterly reports and financial statements.

Analyst reports and industry studies from global investment banks.

Business media and financial publications.

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I’m curious to see how the portfolio will perform over the long term. Monthly updates will keep you informed.

Hier geht es zum Euro AI Backbone-wikifolio

About an hour ago, I read a great article on my broker’s website here in Denmark (Saxo Bank), which I don’t want to keep from you, since I think it addresses an issue that many people may not be aware of.

Key Takeaways

• Europe’s heat wave is driving up demand for cooling and putting power grids to the test.
• The winners could include appliance manufacturers, grid equipment suppliers, and select utility companies.
• The risks lie in electricity prices, insurance claims, and the financial strain on households.

In late June 2026, Western Europe faced record-breaking heat, with countries such as France, Spain, Italy, and the United Kingdom under strain. Schools closed, traffic slowed, power systems were overloaded, and consumers rushed out to buy fans and air conditioners. Out on the streets, it’s simply unbearable. In the markets, this creates a simple chain of events: heat increases the need for cooling, cooling increases electricity consumption, electricity demand strains the grids, and grid strain alters earnings expectations.

For investors, it’s not about trading the thermometer. That’s a very small desk with a very hot seat. The point is to understand how extreme weather can translate from the weather map into revenue, costs, margins, and insurance losses.

The first winner is the power outlet The most obvious heat wave trade starts with cooling. Daikin $6367 (-2,24%) , Samsung Electronics $005930 and LG Electronics $066570 are clear examples. Daikin is a Japanese specialist in heating, ventilation, and air conditioning (HVAC). Samsung and LG are South Korean electronics conglomerates with large divisions dedicated to home appliances. When European households realize that a south-facing apartment can turn into a small oven, demand for cooling products rises rapidly.

That doesn’t mean every summer heat wave will lead to a sustained profit boom. Portable air conditioners are often low-margin products. Supply chains can become overburdened. End-consumer demand may wane when the weather changes. But the overall trend is hard to ignore. In the past, Europe has had a lower penetration rate of air conditioning compared to many warmer regions. As hot summers become more frequent, cooling could shift from a luxury purchase to a basic comfort product.

This also explains the building perspective. Legrand $LR (-0,75%) manufactures electrical and digital building infrastructure. Assa Abloy $ASSA B (+1,03%) manufactures locks, doors, and access systems. Kingspan produces insulation and building materials.

These companies are not purely “heat wave plays.” They are tied to the deeper question: How can buildings become more livable, efficient, and resilient?

A good building needs more than just a larger air conditioning system. It needs better insulation, smarter wiring, efficient controls, shading, doors, ventilation, and energy management. Otherwise, Europe risks solving the heat problem by creating an electricity bill problem. Very elegant—much like fixing a leaky roof by simply buying more buckets.

The grid is becoming a bottleneck

The second part of the story is electricity. Schneider Electric $SU (-3,1%) and Siemens Energy $ENR (-0,89%) are right at the center of this pressure point. Schneider Electric sells equipment for energy management, automation, and energy efficiency. Siemens Energy supplies grid technology, turbines, and energy infrastructure. When power grids are confronted with higher peak loads, more renewable energy, increasing electrification, and higher cooling demand, the value of grid investments is easier to justify.

For utilities, the picture is more mixed. E.ON $EOAN (+1,04%) and National Grid $NG. (+2,32%) are primarily grid operators. They earn their revenue mainly through the ownership and operation of regulated electricity and gas infrastructure. Heat waves can increase investment needs, as the grids must cope with higher peak loads, localized strains, and more complex power flows. For regulated utilities, the long-term opportunity lies in the fact that investments in resilient grids can support future asset growth. Those boring power lines suddenly take center stage.

RWE $RWE (+1,43%) , Enel $ENEL (+1,08%) and Iberdrola $IBE (-0,97%) have greater exposure to power generation. They own power plants and renewable energy facilities. High electricity prices can bolster the revenues of some generators, especially when supply is tight.

But heat can also be harmful. Nuclear power plants may have to curtail their output if river water becomes too warm for cooling. Low wind speeds can reduce renewable production. Droughts can impact hydropower. Gas-fired power plants can become the marginal source, meaning they dictate the price when demand is high and cheaper supply is insufficient.

So heat waves don’t simply mean “utilities win.” The details are crucial. Grid operators could benefit from the investment cycle. Generators could benefit from higher prices during certain hours, but face operational risks during others. Retail utilities could run into trouble if customers are hit with high bills and political pressure mounts. The weather may be hot, but the analysis must remain cool.

Insurance Companies Will Foot the Bill Later

The third level involves insurance companies. Munich Re $MUV2 (+0,18%) and Swiss Re $SREN (-0,42%) are reinsurers. Reinsurers insure insurers—which sounds like financial plumbing, because that’s exactly what it is. They help spread major risks (storms, wildfires, floods) across the system.

Heat waves can affect insurers in various ways. They can increase risks in the areas of health, agriculture, and business interruption. They can heighten the risk of wildfires. They can also expose weaknesses in infrastructure. For reinsurers, this can mean higher claims payouts in some years, but in the long run, it also leads to higher prices as risks become more visible and insurance buyers accept higher premiums.

That’s the strange logic of insurance: Bad weather hurts in the short term, but it supports better pricing later on. The umbrella industry doesn’t like storms, but storms remind everyone why umbrellas cost money.

Risks to Keep an Eye On

• Investors might overreact to a hot summer.
• Political risks: High electricity prices can trigger government intervention (excess profit taxes).
• Cost risks: Grid expansions, cooling equipment, insulation, and insurance all cost money. Customers might push back if household budgets are already stretched thin.

The Bottom Line Under the Sun

The “heat wave trade” isn’t about guessing next week’s temperature. It’s about recognizing where resilience translates into revenue, where strain leads to costs, and where the old European assumption of mild summers is no longer a reliable forecast. In the markets, just as in homes in July, heat is rarely dispelled simply by ignoring it.

Source: Saxo Bank / Saxo Trader – Ruben Dalfovo, Investment Strategist

@Dividendenopi

@Aktienhauptmeister

@Multibagger

@Tenbagger2024

@Get_Rich_or_Die_Tryin

@Stocktective

@Simpson

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and, of course, everyone else :)

Dear Community,

Throughout last year, I found myself repeatedly wanting to focus on the European market as well. But the same old arguments kept dissuading me: The European market doesn’t deliver; Europe doesn’t meet my desire for a growth-oriented, high-yield portfolio, etc.

I also asked myself: Which sectors and industries do I want to cover? Where do I see enough potential to justify taking the risk? To what extent do I want to align my portfolio with this strategy?

In today’s episode, Alles auf Aktien: Fiese Gewinnwarnung bei BMW und Europas KI-Unabhängigkeitsaktien , something caught my attention:

A basket from Goldman Sachs, consisting of 64 European stocks, with the wonderful name: EU AI Capex.

Performance over the past five years: 17.5 percent annualized, including dividends.

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And which industries are covered?

• Semiconductors
• Machinery
• Electricity
• Networks
• Cables
• Energy
• Automation

Unfortunately, existing ETFs such as the iShares STOXX Europe 600 Utilities UCITS ETF or the iShares STOXX Europe 600 Technology UCITS ETF do not cover all of these sectors.

"Sounds exactly like what I was looking for," I thought to myself, and used my day off today to create an index tailored to my preferences.

Goldman Sachs has listed 12 of the 64 holdings, including their percentage allocations. The remaining 52 holdings appear to be known only to institutional investors, as the index isn’t publicly available.

So I created my own “Pie” through Trading 212. More specifically, a “Pie” is a personalized investment portfolio in which I can invest in multiple stocks and ETFs according to a percentage allocation I set myself and save toward them simultaneously via a single automated savings plan—with no expense ratio and no order fees.

It would go beyond the scope of this post to write about every individual security, which is why I chose this particular one. I didn’t make these decisions entirely on my own. Gemini helped me with this. In the end, we settled on 37 securities.

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On Selecting the Holdings

Together, we gradually added European market leaders across the entire value chain. We always kept an eye on the sectors—none should be left out.

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On the Percentage Allocation

It’s important to note upfront that the “pie” will be funded with 150 euros per month going forward. Since the minimum investment amount at Trading 212 is one euro, the smallest weighting in the “pie” must be at least 0.7%:

1.00 euro / 0.70% = 142.85 euro

The percentage allocation was then based on pricing power and global scalability.

More details on this may follow in a later post.

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About the Stocks

From EU AI Cortex Basket taken over by Goldman Sachs:

• Infineon ($IFX (-2,97%)): 7.10%
• ASML ($ASML (-1,11%)): 6.80%
• Siemens ($SIE (-1,31%)): 6.00%
• Rolls-Royce ($RR. (-2,1%)): 5.40%
• Enel ($ENEL (+1,08%)): 5.40%
• Schneider Electric ($SU (-3,1%)): 5.40%
• ABB ($ABBN (-1,67%)): 5.00%
• Iberdrola ($IBE (-0,97%)): 4.90%
• Siemens Energy ($ENR (-0,89%)): 4.70%
• ASM International ($ASM (-2,36%)): 3.70%
• Prysmian ($PRY (-3,2%)): 3.60%
• BE Semiconductor ($BESI (-6,52%)): 3.20%

Supplemented by the following stocks:

• VAT Group ($VACN (-3,42%)): 4.50%
• STMicroelectronics ($STM (-2,17%)): 2.50%
• Legrand ($LR (-0,75%)): 2.00%
• RWE ($RWE (+1,43%)): 1.95%
• Nokia ($NOKIA (-4,21%)): 1.90%
• E.ON ($EOAN (+1,04%)): 1.90%
• National Grid ($NG. (+2,32%)): 1.80%
• SSE plc ($SSE (+0,49%)): 1.70%
• EDP Renováveis ($EDPR (+1,67%)): 1.60%
• Red Eléctrica ($RDEIY (-1,01%)): 1.50%
• Nexans ($NEX (+0%)): 1.50%
• Hochtief ($HOT (+0,08%)): 1.50%
• Enagás ($ENG (+0,06%)): 1.40%
• United Utilities ($UU. (-0,14%)): 1.40%
• Spirax-Sarco ($SPX (+0%)): 1.30%
• Centrica ($CNA (+0,56%)): 1.30%
• Aixtron ($AIXA (-4%)): 1.30%
• Orsted ($ORSTED (+2,82%)): 1.15%
• Verbund AG ($VER (+2,07%)): 1.10%
• Soitec ($SOI (-4,79%)): 1.10%
• Safran ($SAF (-1,26%)): 1.00%
• Thales ($HO (+2,16%)): 1.00%
• Geberit ($GEBN (-0,74%)): 0.90%
• NKT A/S ($NKT (-1,33%)): 0.80%
• Andritz ($ANDR (-0,44%)): 0.70%

The figures $IG (-0,23%) , $SRG (-1,05%) , $TRN (-1,74%) , $ALFA (+0,12%) , $ATCO B (-0,21%) or $AEMMY can unfortunately only be traded via CFDs on Trading 212. Therefore, these securities could not be included.

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Trading 212 Pie

The Pie now accounts for about 10% of my portfolio, and I’ll be contributing 150 euros to it each month going forward.

I am convinced that Europe will succeed in becoming more independent. However, in my opinion, a self-sufficient Europe without any dependence whatsoever is simply not possible (keyword: globalization).

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Pie Composition

By country:

• Germany: 24.35%
• France: 15.4%
• Netherlands: 13.7%
• United Kingdom: 12.9%
• Switzerland: 10.4%
• Italy: 9%
• Spain: 7.8%
• Denmark: 1.95%
• Austria: 1.8%
• Portugal: 1.6%

By sector:

• Technology: 32.3%
• Industrial & Capital Goods: 31.5%
• Utilities & Energy Infrastructure: 36.2%

By industry:

• Semiconductors & Data Center Chips: 27.8%
• Energy Equipment & Grid Technology: 25.5%
• Electricity Generators: 16.1%
• Physical Networks & Storage: 10.1%
• Cable Infrastructure: 5.9%
• Vacuum Technology & Components: 6.5%
• Network Technology & Connectivity: 1.9%
• Data Centers & Industrial Construction: 3.1%
• Cyber and Perimeter Security: 3.1%

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I’m curious to see how the pie chart will develop.

P.S.: You can find the pie chart on Trading 212 under the name Euro AI Backbone GS to copy.

The Bank BNP Paribas yesterday published its legendary dividend book for the second half of the year.

Ten European stocks were selected and placed on a list called "Best Ideas". All of these stocks have a pretty convincing track record.

What makes a really good dividend stock for BNP? Stable distributions over at least ten years, sustainable dividend growth and a strong free cash flow. In addition, there are qualitative criteria such as reasonable payout ratios, earnings momentum and rapid price recovery after the dividend discount.

Aegon
$AGN (+0,67%) is a Dutch insurer with a focus on the US market. Dividend yield: 6.8 percent. Added to this is the fantasy of possible deals and greater capital efficiency.

Arkema
$AKE (-1,24%) is a French specialty chemicals group with a yield of 5.7 percent. It is a spin-off from the chemicals business of the oil company Total. Arkema is one of the leading suppliers of highly developed materials.

Bankinter $BKT (-0,67%) is a top Spanish address for wealthy clients. The bank has a solid balance sheet and offers a yield of 5.1 percent - although business is being held back slightly by the prospect of falling key interest rates.

Aéroports de Paris
$ADP (+0,6%) is - as the name suggests - the operator of the Paris airports. Here, investors receive a yield of 3.4 percent, and there is also great rebound potential due to growing air traffic and an exciting investment in GMR in India.

Inditex
$ITX (-0,91%) is the Zara-parent company. The company impresses with a 3.6% return, but above all with a strong cash flow thanks to falling logistics costs and global expansion.

Intesa Sanpaolo
$ISP (-0,89%) is Italy's largest financial institution and offers a 7.9 percent dividend. A large part of its success comes from stable segments such as asset management.

Munich Re
$MUV2 (+0,18%) is one of the stocks from Germany. The reinsurance classic offers investors a yield of 4.2 percent. The company has an enormously strong balance sheet and is a real all-purpose portfolio weapon.

National Grid
$NG. (+2,32%) is an electricity and gas provider from the UK that pays a dividend of 4.5 percent. The company is strong on the energy transition and is well hedged against inflation.

Publicis
$PUB (-2,21%) is France's advertising giant with data-driven advertising and pays a dividend of 3.9 percent. The company is also strongly positioned in the field of artificial intelligence.

The last stock to round off Volkswagen
$VOW (+2,08%) rounds off the list. The car manufacturer offers a full six percent yield. The partnership with Rivian
$RIVN (-4,57%) is also beginning to generate imagination.

All ten stocks combine above-average dividend yields with reasonable valuations. The average price/earnings ratio (P/E) is around 10, and all companies are well capitalized.

BNP speaks of a "quality-driven dividend portfolio" - so it's not about bargain hunting. For those who prefer a broader approach, there is of course also the dividend ETF Amundi MSCI Europe High Dividend Factor ETF EUR $CD9 (-0,11%)

Source & picture: "Welt", 02.07.25

Dear Community,

Does anyone here know why the share price of the electricity grid operator Elia Group
$ELI (+0,82%) has fallen so sharply recently? The need for further expansion of the electricity grid is actually undisputed - and the forthcoming further interest rate cuts by the central banks should also be rather favorable for the share. After all, other grid operators have not slumped to such an extent $TRN (-1,74%)
$NG. (+2,32%) etc. I look forward to your assessment!

Earnings Summary, Nov. 7

$MUV2 (+0,18%)
| Munich Re Q3 24 Earnings

EPS: 7.02 (est. 6.67)

Forecasts FY insurance revenue of approximately 61B, compared to 59B

Forecasts FY profit above 5B, compared to 5B

$RHM (+5,29%) | Rheinmetall AG Q3 24 Earnings

Sales: 2.45B (est. 2.42B)

Still expects FY sales of about 10B (est. 9.99B)

Expects FY operating margin at the upper end of guidance

Nissan Motor Q2 2024 Earnings $7201 (+0,55%)

Q2 Operating Income 31.91B Yen (est. 65.25B Yen)

Q2 Net Loss 9.34B Yen (est. Profit 49.07B Yen)

Expects FY Operating Income of 150.00B Yen, Previously Forecast 500.00B Yen

To Cut 9,000 Jobs Globally

To Reduce Global Production Capacity By 20%

To Sell Back Up To 10.02% Of Mitsubishi Motors Shares

Air France KLM Q3 2024 Earnings $AF

EBITDA: 1.90B EU (est. 1.9B EU)

Revenue: 8.98B EU (est. 8.88B EU)

Net Income: 780M EU (est. 874.3M EU)

Forecasts FY Capex at 3B EU, Saw Below 3B EU

$TEF (+0,93%) | Telefónica Q3 24 Earnings

Revenue: EU10.02B (est. EU10B)

Adj. EBITDA: €3.26B (est. €3.26B)

Net Income: €10M (est. €357M)

To Book €314 Million Non-Cash Impairment for Peru

ArcelorMittal Q3 24 Earnings: $MT (-0,14%)

- Sales $15.20B (est. $15.23B)

- EBITDA $1.58B (est. $1.47B)

- Still Expects FY CAPEX of $4.5B to $5.0B

- Market Conditions Are ‘Unsustainable’

- Positive on Medium- and Long-Term Outlook

Daimler Truck Holdings Q3 2024 Earnings: $DTG (+0,57%)

- Revenue: €13.14B (est. €12.98B)

- Adjusted EBIT: €1.19B (est. €1.13B)

- Still Expects FY Revenue of €53B to €55B (est. €53.45B)

Adyen disappoints with lower-than-expected revenue growth and loses 13% of its value on the stock market. $ADYEN (+0,08%)

Lanxessshares rise 4.4% to 26.80 euros following a positive quarterly report, after having previously fallen 13%. The operating margin exceeds expectations, despite weak prices. $LXS (+1,74%)

National Grid increases adjusted operating profit by 14% to 2 billion pounds in the first half of the fiscal year and expects growth of around 10% for the full year. Higher fees in New York and higher revenues in the U.K. are driving growth. $NG. (+2,32%)

AMS-Osram increased profitability in the third quarter despite a decline in revenue, but expects subdued business performance for the fourth quarter and early 2025. To ensure profitability, the company plans further cost cuts of 225 million euros by the end of 2026. $AMS

Süss Microtec is more optimistic following a strong third quarter and now expects to achieve its annual targets in the upper half of the forecast range. Revenue is expected to total 380 to 410 million euros, with an EBIT margin of 14 to 16 percent. $SMHN (-3,61%)

The investment company Mutares slipped into the red operationally in the third quarter with an adjusted EBITDA loss of 16.5 million euros. Revenue, however, rose by 14% to 3.9 billion euros. $MUX (+0,61%)

Delivery Hero expects free cash flow of 50 to 100 million euros for 2024 and anticipates GMV growth at the upper end of the forecast range of 7 to 9 percent. However, the group expects adjusted EBITDA to be only at the lower end of the range of 725 to 775 million euros. $DHE

Deutz reported an 80% drop in profit to 7.2 million euros in the third quarter and slipped into the red with a net loss of 2 million euros. Revenue fell by 14.9% to 430.4 million euros due to sluggish demand. $DEZ (+1,45%)

Compugroup Medical reported a

12% decline in EBITDA to 54.9 million euros in the third quarter, but slightly exceeded

analysts’ expectations. Revenue fell by 1% to 283.4 million

euros, and the company confirmed its revised forecast for 2024. $COP (+0%)

Alzchem reports a jump in profits for the first nine months, with

EBITDA rising 36% to 76.8 million euros, and increases its

EBITDA margin to 18.5%. The group is sticking to its profit target for 2024

but, due to the decision to discontinue low-margin businesses,

is aiming for the lower end of the revenue forecast. $ACT (+0,84%)

Nordex has raised its forecast for the 2024 EBITDA margin and

now expects it to be closer to the upper end of the range of three to four

percent. In the first nine months, the company reported

a 14 percent increase in revenue to 5.1 billion euros and an

improved EBITDA margin of 3.7 percent. $NDX1 (+4,28%)

Nemetschek reported a 15.1% increase in revenue to 253 million euros in the third quarter thanks to the

GoCanvas acquisition,

but earnings remained slightly below expectations. The

operating costs associated with the acquisition are weighing on profits, resulting in an

EBITDA increase of 6.7%. $NEM (+0,83%)

Rational increased its earnings before interest and

taxes by 18% to just under 78 million euros in the third quarter, exceeding

analysts’ expectations, while revenue grew by 8% to 294 million

euros. The company confirmed its full-year forecast. $RAA (-0,37%)

National Grid Plc $NG. (+2,32%) announces a capital increase of 7 billion pounds and a five-year investment plan. The share price falls by double digits.

This stock is actually on my watch list, but I haven't bought it yet due to upcoming investments for the expansion of the electricity grid. When do you think would be a good time to buy?

An excess profits tax is becoming increasingly likely. Hence the exit.

With this company $NG. (+2,32%) I just wanted to have another boring company with a high dividend yield in the #depot have.

However, since my first purchase in 2019, National Grid has #sparplan a price increase of 41%. #dividende💷 gibts in the spring and ☀️. I will simply reinvest the money 1:1.📈