The market has recovered somewhat, but I am still way down on my stocks. This is mainly because of my investment in Ocean Yield. However, I managed to average down on some stocks during the last months. I bought 689 shares in BW Offshore on 18.3.2020 at 14,85 nok a share. Today it sells for… Continue reading A short update
This quarter I have been hit hard in some of my investments, mainly Ocean Yield (which I must admit, is not a value investment), BW Offshore, Walenius Wilhelmsen and BW Energy. I have used the opportunity to average down in some stocks. Like many others, I have made the mistake of not having enough cash… Continue reading Results after Q1 2020
The heading on this blog post is misleading. Value investing will always adhere to the same principles, no matter what the current market trend is. So what’s the basic principle of a value investment? According to Graham, it is an operation that promises to preserve the principal, and in addition deliver a satisfactory return. Any… Continue reading Value investing in the current market part II
In these turbulent times, it’s time to go back to the basics. I picked up my copy of “Security analysis” and started with the foreword by Seth Klarman. Here are a few of the takeaways. The basic principle of value investing is to buy a business or part of a business for less than it’s… Continue reading Valueinvesting in the current market part I
”Buy when there is blood in the streets, even if the blood is your own – Baron Rothschild” While I am waiting for the panic to hit larger, presumably “safe” stocks like JNJ and P&G, I am averaging down on my existing ones. Yesterday I bought Royal Dutch Shell at $24,20. Last week I bought… Continue reading Recent purchases
Ocean Yield is a ship owning company, who leases out ships to counter parties believed to be solid. Most of the contracts are “hell or high water” with floating interest rates. The company with ticker “ocy” on the Oslo Stock Exchange pays a quarterly dividend of $0,15 As of this writing the current share price… Continue reading Risks and opportunities in Ocean Yield
I have been hit quite hard by the recent covid-19 tumble. The reason is my overweight in oil and shipping stocks. Wilh Wilhelmsen is at ATL, and ocy at 5 year low. BW offshore is halved in the last 6 months, and BW Energy has fallen from the ipo of 24,40 to around 17. However… Continue reading Keep calm, average down
