Over the last couple of days I added shares to two positions.
First up I bought two shares of Moury Construct (EBR:MOUR), I talked about this stock last month and maybe I’ll further expand this position in the coming months. It’s not really a dividend growth stock, even though it currently pays a nice dividend, and trading is also very illiquid. The interesting thing about it is that it is very undervalued and has a lot of safety margin given the firm’s big cash reserves. After taxes, this buy adds 7.3EUR in dividend income.
Next I expanded my Diageo (DEO) position with seven more shares. Last month I said I would likely increase this position around its current price level and that’s exactly what I did. Unless it ramps up significantly, I may buy even more next month. The seven Diageo shares add 14.74EUR to my annual dividend income.
Which stocks did you recently buy?
Nice job doubling down on stocks already in your portfolio. I don’t own either, but DEO has been on my radar for a while. I consume enough of their products, I really should be a shareholder 🙂
Ha interesting 🙂 I don’t drink a lot of alcohol but we do have some of Diageo’s Smirnoff vodka in our tiny liquor cabinet. Usually, I drink heavy beers but last year I started developing a preference for whiskey. Too bad Brown-Forman shares are so expensive.
I’ve been on the sidelines for investing and will continue to be for a while but DEO looks solid and is a relatively stable option. The CDN banks and some select US financials look good too but there’s not a whole lot that I see that looks that interesting. VZ could be at a decent level here but the debt overhang is going to keep dividend growth low for the next several years. Al the best.
Hi JC, thanks for stopping by.
Financials is a sector I haven’t really given attention yet, given what happened in 2008 I don’t feel comfortable enough evaluating banks as the intertwinement of the business models, risk factors and external factors is very complicated.
MOUR looks like a good buy. With the cash included, it sounds like a no brainer… It seems there are some GEMS hidden on Euronext. Well done on finding this one
I found it last year via a forum, it got an award as Belgium’s most undeservedly forgotten share.
I think it looks like a good buy here but I’m a bit afraid the Moury family, which controls 60.57 percent of the shares, will one day take it private for just a fraction of what it’s really worth.
The market cap is very tiny (just 54.75 million EUR) and trading is very illiquid so it’s not a share that will end up on the radar of large investors.
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That could indeed be the risk: the family takes the company private below the real value. Then again: when it is higher then your buying price, it is still a nice profit.
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