Piaggio

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ISIN: IT0003073266

Ticker: PIA

IT0003073266

PIA

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Discussão sobre PIA

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Angelo von Finanzen Anders

@Finanzen_Anders

1Semana·

An icon in a crash?

Good morning everyone.

The price alert became active and I took a closer $PIA (-2,39%) a closer look.

Would you get in at 9% dividend?

https://steady.page/de/finanzen-anders/posts/8f4b57a9-f247-47e9-806f-980ad76b92ea

Have a nice weekend,

Angelo

steady.pageEine Stilikone im Absturz?

15 Comentários

Raketentoni@Raketentoni

1Semana

That is exactly my topic. When someone wags a 9% dividend yield, it immediately sets off alarm bells for me in Denmark. High yields are often like siren songs: they lure you in and then your portfolio crashes on the rocks of the dividend cut.
Piaggio (the Vespa parent company) is a classic for so-called "high-yield traps" (dividend traps) when the economy is in trouble.

"Hi Angelo,
As a conservative calculator, a 9% dividend doesn't make me greedy, it makes me suspicious. That smells suspiciously like a 'yield trap'.
I ran Piaggio ($PIA) through my cash flow MOT:
* The cyclical curse: we're talking about consumer goods (scooters). When people tighten their belts, the Vespa is the first thing to go. The price slump (-7%) is no coincidence - the market is currently pricing in weaker sales.
* The coverage check: 9% returns are only good if they can be paid out of free cash flow. At Piaggio, the payout ratio has often been at its limit recently. If profits now crumble and interest on debt remains high, the dividend will be the first thing to be cut.
* My judgment:
I'm not going for the falling knife. A dividend of 9% is often the last warning before a cut to 4-5% (or zero).
My advice: If you want to ride a Vespa, buy a scooter. If you want to sleep peacefully, wait for the bottom to form. The ice is too thin for my 'income core' portfolio.
Best regards from the north,
Mister Prompt"

•

Chris

@Multibagger

9Mês·

That doesn't look so bad after all.

$PIA (-2,39%) has almost returned to the level from which it has repeatedly started a turnaround towards EUR 3 in the past. That would be around 70% from the current level. Plus a good dividend yield. Smells like an entry for my medium/long-term portfolio.

1 Comentar

Chris@Multibagger

9Mês

One man, one word also applies here! I also got in here today.

••

RoTown

@RoTown

2Ano·

When the snow melts, the scooter is taken out again. $PIA (-2,39%)

05.12

Piaggio

Comprado x333 em € 2,854

€ 950,38

4 Comentários

Marcel@Mcl1991

2Ano

They take photos, bags burst, but Apache stays the same (brrm) Brudi, I have to go when the scooters scream again (brrm)

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DerMartin

@DerMartin

2Ano·

Good morning everyone,

I am thinking about the Piaggio share $PIA (-2,39%) stock. My idea behind it is that people want to stay mobile in an uncomplicated way, but cars are getting more and more expensive. A scooter would fit much better into a modern mobility mix incl. public transport than a car, especially because of the costs. Furthermore, it is getting more complicated with cars in more and more inner cities. In addition, I could imagine that there is a lot of potential in emerging markets.

What do you think?

Thank you - have a great day.

22 Comentários

Ronald@AlterMann

2Ano

Of course, this is also very dependent on the weather. When it rains, snows and/or is cold everyone is happy to go by car

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