Two buys to start the month

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?

jwalker

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7 thoughts on “Two buys to start the month

  1. Investment Hunting

    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 🙂

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    1. Dividends Are Coming Post author

      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.

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  2. JC @ Passive-Income-Pursuit

    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.

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    1. Dividends Are Coming Post author

      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.

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    1. Dividends Are Coming Post author

      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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