A month without twitter … But nice developments at insurance companies.
Continue reading “A dry January or sth like that”Category: Specific Companies
Some experience with Sixt (SIX3 GR)
Many German investors perceive Sixt as a German high quality business. My experience does not disprove the narrative.
Continue reading “Some experience with Sixt (SIX3 GR)”Re-insurance trends and capital cycles
Interesting industry data.
Continue reading “Re-insurance trends and capital cycles”More knowledge, biases, issues and open Q’s on MKL.
As within German politics, there are few double whammies, and much more talk than (thoughful) action. Turns out, the likelyhood for a true double or triple whammy in Markel is not that high probably, after reading the letters and giving it more thought …
Continue reading “More knowledge, biases, issues and open Q’s on MKL.”Some Arguments for Insurance Brokers
I recently learned some ‘insights’ about insurance brokers…
Continue reading “Some Arguments for Insurance Brokers”Personal experience: moving flats, on real estate & rents
Personal experience from a value guy: we live in a rather cheap (value!) nice flat in a rather popular district in Cologne (Sülz), Germany. After almost 10 years we are moving into a bigger flat, and we already kind of miss the great location of our current flat.
Continue reading “Personal experience: moving flats, on real estate & rents”Potential for a double whammy – Markel (MKL)
Markel and Gayner are well known in our circles. Do not expect anything new here.
Continue reading “Potential for a double whammy – Markel (MKL)”Cyclicality at PC Partner (1263 HK)
Sales, margins and returns on capital recently skyrocketed …
Continue reading “Cyclicality at PC Partner (1263 HK)”We enjoy interest rates once more
The ‘joy’ can appear a little small if we hold the wrong stocks, though …
Continue reading “We enjoy interest rates once more”Thoughts on SES going down (SESG LX)
Another stock that is surprisingly performing in lockstep with the market (that means deeply red). How come …
Continue reading “Thoughts on SES going down (SESG LX)”Issues at Greatview Aseptic (468 HK)
They used to generate ROEs in the 15% range, but that came down recently. So did the share price …
Continue reading “Issues at Greatview Aseptic (468 HK)”Hallmarks of P&C insurers
The book The Five Rules for Successful Stock Investing from Dorsey (see my review here) mentiones the following characteristics as hallmarks of P&C insurers and I wanted to check in on ‘my’ three insurances …
Continue reading “Hallmarks of P&C insurers”I bought 3% Haier (690D)
Business fundamentals look good. German issue trades at much lower price …
Continue reading “I bought 3% Haier (690D)”Quicky on Central Japan Railway (9022 JP)
A bet on tourisms returning to Japan. I definitely would want to …
Continue reading “Quicky on Central Japan Railway (9022 JP)”Quick thoughts on PGR: hold
During a challenging time for the industry the stock is at an ATH …
Continue reading “Quick thoughts on PGR: hold”Quick update on Porsche SE / VW
A twitter user asked me where i posted my update about this interesting situation. So here it is …
Continue reading “Quick update on Porsche SE / VW”Flow Traders Q2 and CMD
It is difficult to make up my mind about FLOW.
Continue reading “Flow Traders Q2 and CMD”Shinoken being taken private after good Q2
Shinoken’s Q2 results were good, but not important since the company will likely be taken private for JPY 1600 per share.
Continue reading “Shinoken being taken private after good Q2”P&C Insurance Economics 103.1: P&C Insurance, inflation and higher rates
P&C and especially Auto insurance companies’ earnings get pressured by higher combined ratios driven by claims inflation. As some central banks raise interest rates to tackle inflation forward investment returns support earnings and returns on equity. Higher investment income might increase competition and pressure underwriting margins further. …
Continue reading “P&C Insurance Economics 103.1: P&C Insurance, inflation and higher rates”Quicky on Wartsila (WRT1V)
(quickly abandonend)
Continue reading “Quicky on Wartsila (WRT1V)”PF: I like stock buybacks. But do my companies’ managers?
I read YAVB’s recent post and liked his two questions making me think about which companies that I own buy back their own shares … and which don’t?
Continue reading “PF: I like stock buybacks. But do my companies’ managers?”Quick thought on Krka (Rus/Ukr)
Feeling some indirect Rus/Ukr pain.
Continue reading “Quick thought on Krka (Rus/Ukr)”On Oriental Watch (pre FY’22, ending March’22)
I bought Oriental Watch when it was very cheap on an asset base …
Continue reading “On Oriental Watch (pre FY’22, ending March’22)”Quicky on Cherry (C3RY GR)
E-gaming, home office and digitalization might all be good trends for Cherry.
Continue reading “Quicky on Cherry (C3RY GR)”P&C Insurance Economics 103: Decomposition of ROE, Growth, and P/B
I quickly look at three insurane companies decomposing ROE drivers …
Continue reading “P&C Insurance Economics 103: Decomposition of ROE, Growth, and P/B”