4Settimana
These products are too expensive or too risky for me. But maybe at the end of the year I’ll set up a new, long-term savings plan for various shipping stocks (including tankers)— $HAFNI, $SBLK, $LPG, $TRMD A, $OET, $GSL, $SFL, $MAERSK A, $FRO, $INSW, $DHT, $STNG, $GNK, $HAUTO, $WAWI, $MPCC. 👈I’ve already added a whole fleet to my watchlist. 😅
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@NichtRelevant That's right. Most of the stocks on the list have risen nicely. I've had 12 of them in my portfolio for quite some time now, and despite adding to my positions, I'm up about 30–100%. And the quarterly dividends are really awesome right now. Some of the stocks have their payout next week. (The ex-dividend date has already passed for most of them.)
Torm is giving me over 6% in quarterly dividends. So that’s about a 25% annual dividend if things keep going like this for the next 2–3 quarters. 😁
Torm is giving me over 6% in quarterly dividends. So that’s about a 25% annual dividend if things keep going like this for the next 2–3 quarters. 😁
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@financial_ninja_104 Yes, I also find this sector very exciting. I have the last two on the list in my portfolio myself. I’d love to have a few more “boats.”
I don’t think the dividends are sustainable in the medium to long term. Valuations could also take a tumble—or at least stop rising significantly. Still, in a globalized world, I believe in increasing flows of goods across the world’s oceans and, consequently, in the shipping industry and the good money to be made there.
I think that—as soon as I’ve increased my existing portfolio positions to my target levels—I’ll set up a savings plan for 3–4 shipping stocks. The initial purchases will probably be “too expensive” at first, but over time, it’ll all even out. I’m in no rush and see myself more as a long-term investor here.
P.S.: 12 positions—that’s quite a statement! 👈😅
I don’t think the dividends are sustainable in the medium to long term. Valuations could also take a tumble—or at least stop rising significantly. Still, in a globalized world, I believe in increasing flows of goods across the world’s oceans and, consequently, in the shipping industry and the good money to be made there.
I think that—as soon as I’ve increased my existing portfolio positions to my target levels—I’ll set up a savings plan for 3–4 shipping stocks. The initial purchases will probably be “too expensive” at first, but over time, it’ll all even out. I’m in no rush and see myself more as a long-term investor here.
P.S.: 12 positions—that’s quite a statement! 👈😅
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4Settimana
Yes. I also think the dividends will remain this high for another 1–2 quarters or might even rise slightly again. In the long term, I also expect dividends to drop significantly in that range.
And right now, some shipping companies are using their profits to buy new ships with “clean propulsion technology”—meaning significantly lower emissions.
But honestly, even half of a 20–30% annual dividend is still quite a lot. And have you taken a look at the companies’ book values? The P/B ratio—that is, the price-to-book ratio—is between 1 and 2 for most of them, and for a few it’s even below 1. I found that extremely interesting and it really surprised me.
And right now, some shipping companies are using their profits to buy new ships with “clean propulsion technology”—meaning significantly lower emissions.
But honestly, even half of a 20–30% annual dividend is still quite a lot. And have you taken a look at the companies’ book values? The P/B ratio—that is, the price-to-book ratio—is between 1 and 2 for most of them, and for a few it’s even below 1. I found that extremely interesting and it really surprised me.
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@financial_ninja_104 It's crazy how well some of them are doing. It's no wonder that some of the richest people in the world made their fortunes as shipowners. It's a good thing you can now invest in them through stocks. 🙂
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@NichtRelevant Definitely. I'm really happy about that, and of course about the high dividend, too. This week it'll probably be over 1,000 euros. 😁
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