Postos
26Moin moin
new month and therefore fresh 12k available for new investments. Here are my current open limit orders for week 6 ...
Everything between 2% and 10% below the current level. Let's see if there is a dip or two. I am still waiting with additional purchases, as I actually want to have a few new positions first.
$$P1KG34
$HSY (-1,95%)
$AMT (-2,74%)
$AVGO (-5,25%)
$8001 (-3,05%)
No buying advice or recommendation to buy
🚀 American Tower share: an overview 📈
OverviewAmerican Tower Corporation ($AMT (-2,74%) ) is a leading global wireless infrastructure company. With a network of over 220,000 communication sites in multiple countries, AMT plays a critical role in supporting wireless communications and 5G expansion.
Current Performance:
ForecastAnalysts are optimistic about further growth due to continued demand for wireless communication services and expansion into new markets.
Risks:
Conclusion: American Tower remains a promising stock in the wireless communications infrastructure sector, especially in times of growing 5G network rollout. 🌐📶
DisclaimerThe information provided is for general information purposes only and does not constitute professional financial or investment advice. All content is provided without warranty of completeness, accuracy, timeliness or fitness for a particular purpose. Any liability for actions based on the information on this site is expressly excluded. For individual advice, please consult a licensed financial advisor. Use of this site is at your own risk.
Supposed bottoming out of REITs
$VICI (-2,83%)
$PLD (-2,52%)
$O (-2,42%)
$CCI (-4,91%)
$AMT (-2,74%)
$PSA (-3,41%) and much more...
As long as the FED does not lower interest rates, all REITs will continue to be punished.
I will buy in this October, while many others have paid 10-20% too much.
Falls with American Tower another dividend growth darling? American Tower $AMT (-2,74%)
cut a few days ago cut the dividend by just under 5% compared to the last payout. According to the earnings call in 2024 also no quarterly dividend increases will no longer take place.
AMT is thus apparently following the fate of its direct direct competitor. Crown Castle $CCI (-4,91%) has announced the dividend increase in October 2023 skipped
skipped and, according to the earnings call, will only in 2026 again increase.
In contrast to Crown Castle, however, the CEO of AMT signaled that this is a one-off effect. one-off effect effect. The dividend is to be 2025 therefore increased again again in 2025.
At the same time, it cannot be denied that the coincidence of the "freezing"/cutting of the dividend at AMT and CCI is due to short- to medium-term problems of both companies in the mobile phone mast business business.
Both AMT and CCI are larger positions in my portfolio, which is focused on dividend growth. My conclusion: I remain invested in both as I see medium to long term again stronger growth in the in the core business in the medium to long term, which should then also feed through to the dividends. For me, the dividend freeze represents a short-term headwind that does not fundamentally shake the investment hypothesis for the mobile expansion. However, I will take a particularly close look at the next earnings calls in order to recognize possible alarm signals.
Is Dividend Growth dead?
The more I look at the development of dividends from popular growth stocks, the more often I notice a negative trend. Companies that were known for consistently announcing double-digit percentage increases in their dividends have been increasing them in ever smaller steps for around two years.
I have therefore all the shares in my portfolio under this aspect. To do this, I compared the long-term growth rate over 10 years and the last announced dividend increase.
My entire portfolio is heavily geared towards dividend growth, so the results should be representative. These are the examples of recent dividend increases that I could find to support my hypothesis:
[Share: Last annual dividend increase (10Y: 10-year annual dividend increase)]
Of course, I also have some counterexamples found in my portfolio: American Tower, Bank OZK, Broadcom, Canadian Natural Resources, CME Group, Darden Restaurants, Federal Agricultural Mortgage, Morgan Stanley, Packaging Corporation of America, Skyworks Solutions, The Home Depot and Visa.
Do you notice similar developments in your portfolio/watchlist?
I always preach to stay away from Société Generale derivatives and have now made the mistake myself 🤦♂️ last week at the low at $AMT (-2,74%) and today at pre-market +2% the share is no longer moving.
Call bond with maturity 01.2025
The coming week summarized:
Monday:
Tuesday:
Wednesday:
Thursday:
Friday:
Small India update at $AMT (-2,74%)
--American Tower Corporation (NYSE: AMT) ("American Tower") has signed a definitive agreement with Data Infrastructure Trust ("DIT"), an infrastructure investment trust sponsored by an affiliate of Brookfield Asset Management (NYSE: BAM, TSX: BAM) ("Brookfield"), pursuant to which DIT will acquire 100% of the shares of American Tower's operations in India ("ATC India"). DIT currently hosts Brookfield's telecom tower businesses in India through Summit Digitel and Crest Digitel. The total cash proceeds to American Tower at closing, subject to certain pre-closing conditions, would potentially be up to approximately INR 210 billion, or USD 2.5 billion at today's exchange rates. The transaction, which reflects the completion of the previously announced strategic review of American Tower's operations in India, is subject to customary closing conditions, including government and regulatory approvals, and is expected to close in the second half of 2024.
The total cash proceeds include an enterprise value of the ATC India businesses of approximately USD 2.0 billion plus a processing fee that will accrue from October 1, 2023 through the closing date. The proceeds associated with the enterprise value assume the repayment of existing intercompany debt and the repayment or assumption by DIT of the existing term loan to India. In addition, taking into account the total potential cash proceeds, American Tower will retain the full economic benefit associated with the optionally convertible debentures (OCDs) issued by Vodafone Idea and will be entitled to future payments related to existing ATC India receivables. The proceeds from the transaction are expected to be used to repay American Tower's existing debt.
https://www.americantower.com/press-releases
India, they said. That's where it's going in the future.
You have to invest there, don't you?
Not so good at the moment, at least for $AMT (-2,74%)
American Tower reports in SEC filing that India assets have lost value
The problems in ATC's India business are largely due to Vodafone Idea's non-payment of supplier fees
American Tower Corp (ATC) has informed the US Securities and Exchange Commission (SEC) that it has taken a goodwill impairment charge of $322 million (approximately ₹2,677 crore) for its India unit in the quarter ended September 2023
$AMT (-2,74%) Dividend increase 4.94%
oh this makes me happy 🕵️
"American Tower Corporation (NYSE: AMT) today announced that its board of directors has declared its quarterly cash distribution of $1.70 per share on shares of the Company's common stock. The distribution is payable on February 1, 2024 to the stockholders of record at the close of business on December 28, 2023."
https://www.americantower.com/press-releases
That's how I see it for the dividend portfolio. There was actually talk of no increase in 2024. The share price was really bad over the course of the year, but it has been coming back for about 6 months and my book is green again.
Oh how I sweated and started to waver. But then I bought some more.
My entry was still at 226.50 in January 2022
Through diligent additional purchases now a buy in of 177.
But with a portfolio share of approx. 4.8%, that's enough for now😅
My personal year-end closing 2023
Reading time: approx. 5min
The end of the year is approaching and it's time to review the past year. That's why I'd like to share my personal portfolio review for 2023 with you today. I tracked and calculated all the figures with the help of Getquin. Most of the figures have already been provided to me by Getquin (Dashboard --> Performance), some are based on my own calculations. The figures can of course still change by the end of the year and are as of 11.12.2023.
Performance
First of all, of course, what is probably of greatest interest to many: the performance of my portfolio. For those who are not yet familiar with my investment strategy, I focus primarily on dividend stocks that offer high future dividend growth. dividend growth growth in the future. I also include stocks that do not currently pay dividends, but where it seems likely that they will pay dividends in the future.
TTWROR*: +27.7%
Price gains: +16.3%
Dividends: +2.0%
Interest rates: +0.1%
Realized gains: +4.1%
Trading costs: -0.01%
*: TTWOR = True Time-Weighted Rate Of Return
My strongest month was November with +6.9% followed by January with +5.8%. My only two months with a loss were August with just under -2% and September with -0.3%.
Portfolio movements
New purchases:
My focus this year was clearly on improving the quality in the portfolio. The biggest new addition to my portfolio this year was Chipotle $CMG (-4,65%) which at the same time meant the sale of my positions in Starbucks $SBUX (-6,28%) and McDonalds $MCD (-4,77%) at the same time. At the same time, I took larger positions in DEFAMA $DEF (-1,86%) and Philipp Morris $PM (-5,99%) at the same time. Another new addition worth mentioning is Adyen $ADYEN (-5,35%)which I was able to buy at a low of around €700 per share in October and is currently trading at around €1200 per share again. I am also currently building up a FTSE India ETF position via a savings plan. $FLXI (-2,8%) via a savings plan. This explains the current small share in the portfolio.
(Security | Ticker | Amount invested relative to the portfolio)
Chipotle $CMG (-4,65%) 11.6%
Philipp Morris $PM (-5,99%) 7.7%
DEFAMA $DEF (-1,86%) 5.8%
Visa $V (-6,9%) 4%
Adyen $ADYEN (-5,35%) 3.2%
KLA Tencor Corp $KLAC (-6,34%) 2.9%
Rio Tinto $RIO (-6,32%) 2.2%
FTSE India ETF $FLXI (-2,8%) 0.2%
Complete sales:
As mentioned under new purchases, my aim was to further increase the quality of my portfolio. In addition, I bundled my "quick service restaurant" investment in Chipotle, which resulted in the sale of Starbucks and McDonalds. I also divested from the REITs Realty Income $O (-2,42%) and American Tower $AMT (-2,74%) and reduced my real estate investments to VICI $VICI (-2,83%) and DEFAMA $DEF (-1,86%) and DEFAMA.
(security | ticker | profit/loss incl. dividends)
Otis $OTIS (-8,58%) -4.2%
Greencoat UKW 💔 $UKW (-3,14%) -1.4%
Alliance $ALV (-8,43%) +1.1%
Air Products $APD (-6,2%) +20.9%
Realty Income $O (-2,42%) -8.4%
American Tower $AMT (-2,74%) -12.7%
Starbucks $SBUX (-6,28%) +34.3%
McDonalds $MCD (-4,77%) +14.1%
Altira $MO (-2,25%) -7.5%
Partial sales:
I decided to reduce my Apple position here a few days ago. At a price of around €180, I already see a lot priced in for the future. Apple is still my third-largest position and I could also imagine buying more if the share price falls. In the meantime, I am pleased with the realized gains of around 370%.
(security | ticker | % sold | profit/loss)
Apple $AAPL (-6,8%) 35.7% +372.3%
United Health $UNH (-2%) 13.4% +12.2%
Coca Cola $KO (-3,58%) 88.1% -0.8%
Portfolio composition
The largest 5 positions in my portfolio make up 54.3% of my portfolio. If I add my cash position and the next 2 companies, I already have over 75% of my portfolio are already covered. My portfolio can therefore be described as a high-conviction portfolio portfolio. I deliberately focus on stocks in which I personally have come to the conclusion that they will outperform the broad equity market in the long term. Of course, this is at the expense of diversification. This can work out well, but of course it doesn't have to.
(Portfolio share | security | ticker | YTD performance incl. dividends in the portfolio*)
13.6% Chiptole $CMG (-4,65%) +17.1%
10.5% Costco $COST (-3,7%) +23.3%
10.5% Apple $AAPL (-6,8%) +52.9%
9.9% VICI $VICI (-2,83%) -3.1%
9.8% UnitedHealth Group $UNH (-2%) +20.2%
9.6% Cash
7.6% Philipp Morris $PM (-5,99%) -0.2%
6.4% DEFAMA $DEF (-1,86%) +13.2%
5.4% Adyen $ADYEN (-5,35%) +67%
4.9% Microsoft $MSFT (-2,36%) +46.1%
4.6% Visa $V (-6,9%) +13.9%
4.3% KLA $KLAC (-6,34%) +50.3%
2.5% Rio Tinto $RIO (-6,32%) +13.8%
0.4% Coca Cola $KO (-3,58%) -5.4%
0.2% FTSE India ETF $FLXI (-2,8%) +0.2%
*: Performance since purchase, may differ from YTD performance of the share.
Conclusion
Personally, I currently feel very comfortable with my portfolio. I currently see no reason to make any major changes and am leaving everything as it is. I am very satisfied with the performance and am already looking forward to the dividend increases in 2024.
