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Hi Jean-Louis
I have been eyeing PM for quite some time and will probably place an order soon, normally in NY. Unless someone confirms that the secondary listing on the Swiss stock exchange is more favorable. This situation is surprising I must say.
The markets are falling... are we finally going to have a nice correction so we can do some good business?
It runs every Sunday. On the other hand, at the beginning of each year, there are quite a few things that get sorted out from a historical point of view and/or dividend growth rates and the phenomenon is all the more marked for Swiss/European dividends that only pay their distributions once a year. This is the reason why Zurich was downgraded by two levels.
If you are speculating yes, but if you are investing in the long term with the aim of receiving income in the form of dividends, no. The profits are not regular enough and the stock is very volatile.
Hi Guyem, all my best wishes to you too. This is mainly due to the fact that the dividend has had difficulty increasing since 2010. Three stars is still a good rating, in any case nothing to worry about if you have one. On the other hand, it is true that for the moment I would not really want to buy one. Nothing suggests that the dividend will increase much this spring, the payout ratio is certainly reasonable, but not very attractive either and the earnings per share have difficulty increasing. Moreover, analysts do not expect anything extraordinary for 2014 in terms of dividend and EPS. It is not that I listen to what they say, I don't even care, but in this case this time I agree with them.
It is clear that today the markets are too high, but most investors and bankers do not give a damn. It is a game of who will be the craziest, who will be the last in Russian roulette. Of course, we can still play like this for a while, as long as there are enough buyers and cash. And especially as long as the Fed distributes it.
There are some who are starting to fear that the US central bank will be a little less nice in the near future. On the other hand, I have the impression that the Fed has been accommodating for a good dozen years. So don't think that they're going to get excited overnight and put their rates at 8%. But since everything in the stock market is a question of perception and feelings, it would only take a great wise man from the Fed to go a little too crazy for the market to get carried away, believing that the central bank is changing policy.
In short, all this to tell you that in the short term we don't know much. The stock market, despite all its computers, is a reflection of man, unpredictable. All I know is that in the long term there will be new big thrashings. And yes, Harmonie Gestion, opportunities will present themselves. You just have to be patient. Quite the opposite of what most people do.
In the meantime, there is no need to be Manichean either. We can continue to buy, cautiously. We just have to do it less often and in a more targeted manner. And keep nice reserves for the next flood.
It is true that the dividend growth forecasts are not great for the next few years. The price has corrected well since April, which gives a rather interesting entry point... and then a monthly distribution is always appreciable...
I follow the stock as well, however what is holding me back at the moment is its high volatility, this year in particular. I don't like these sudden and significant rises and falls too much.
I think you have to be a premium member:
https://members.morningstar.com/mk/templates/mkpremium1.html
It already looks much better than Nyrstar indeed. Your strategy of buying at the 52-week low is interesting, however I still draw your attention to the fact that sometimes the stock falls for very good reasons… so you have to be vigilant.
Be careful, however, with this type of title which does not have the means to ensure a sustainable dividend...
Also be careful not to focus too much on the added value, especially in the short term. In these times everyone is making positive PV... being rather contrarian by nature I don't like this kind of situation too much
Hi Ben, and welcome to you. I suggest you start here: http://www.dividendes.ch/tutorial/
Investing in dividends is a strategy that requires a little patience but has the advantage of showing results right away, even modest ones. Good start to you.
A stock that offers a nice yield, but with a low dividend growth. This can be interesting if you are mainly looking for short-term income, plus the stock is not expensive. But in the long term I am less of a fan.
I don't know CS REF GREEN, sustainable constructions, but it seems to be interesting. Hospitality is hotel, so more subject to economic fluctuations. I have been on Interswiss for a long time, commercial real estate, not too volatile with an interesting yield.
SIAT (residential) looks good too. Very low volatility, but the yield is a little less generous.
There is no automatic exchange of data yet, not via banks, and certainly not directly via companies. But pressure is mounting. Especially on the banks. And especially from the USA.
http://www.lematin.ch/economie/washington-enquete-encore-banques-suisses/story/11389158
