After I @lawinvest welcome to the club yesterday, I left it today at $HAUTO (-1,08%) 80% today.....
Why? A mixture of facts and now a bad feeling. I still find the stock extremely interesting as a dividend investor, but recent events have given me pause for thought, which is why I exited today with the majority of my holding. I have been holding $HAUTO (-1,08%) for almost 2 years and in some cases bought in tranches well above the current price. The dividends took it out, and in some cases I was up more than 25%. I held on. Even in April when the share price fell below €5 at its peak. The total return was still just positive and the subsequent price recovery confirmed and reassured me.
Now I feel there is a tipping point, and not just because of the drop, which otherwise didn't interest me either. In my opinion, the halfway reasonable figures are the result of order volumes being brought forward due to the tariff threats from 🍑. The slowing economy, persistently high customs duties and rising port charges are likely to reduce earnings in the future. Even the existing contracts until the end of 2026 will not make up for this. The expansion of the fleet will theoretically enable higher freight capacities, but full utilization of the additional volumes will in all likelihood only be possible through lower freight rates. And this will have an impact on earnings, not immediately, but at the latest at the beginning of the new year. I may be wrong, but I'm leaving the club for the time being for the most part. The losses result from FIFO and are more than compensated for by almost exactly 4K dividends. I can live with that. The remaining small position has a buyin of €6.65 and is my target for a re-entry after the figures and the dividend development and is much friendlier than 8.54.... If I can continue to collect at these prices, then even a greatly reduced dividend is justifiable
