Wasn’t really planning on buying Nordea at these levels but had dividends to reinvest and therefore had an opportunity to buy additional 100 shares of Nordea for 11,18 EUR per share. This rounds up the position to even number of 2000 shares. Nordea seems to be executing really well. Sector itself is always a bit problematic which shows in the overall sector valuation. Probably there is no huge upside potential in share price but I would be reasonably happy if Nordea can perform roughly the same way they have done last couple of years. Pure dividend play and share price appreciation will be just a bonus.
Month: May 2024
Recent Buy: Kesko Oyj (B series)
I was waiting for Kesko shares to trade around 16 EUR per share which they did. I got greedy and tried to buy some for 15,50 EUR per share. Almost did but almost doesn’t count. Had to give up with that and bought additional 50 shares for 16,19 EUR per share instead. Not a big deal but will keep an eye on this in coming weeks and months as might still add at least additional 100 shares. Valuation seems to be very favourable when looking few years ahead. Effectively this is a play on construction sector without having to own construction companies. That is a cycle which has to be at least close to bottoming out and hopefully will eventually bounce back even in Finland.