An analysis of our portfolio and in comparison with major financial institutes shows differences.
2007-02-25
Consumer Discretionary, Affe 15.8%, Recomm. 10.3% = 5.5%
Consumer Staples, Affe 0.0%, Recomm. 6.0% = -6.0%
Energy, Affe 0.0%, Recomm. 12.7% = -12.7%
Financials, Affe 11.3%, Recomm. 22.9% = -11.6%
Health Care, Affe 13.4%, Recomm. 11.2% = 2.2%
Industrials, Affe 0.0%, Recomm. 15.5% = -15.5%
IT & Telecommunication Services, Affe 31.7%, Recomm. 13.0% = 18.7%
Materials, Affe 12.2%, Recomm. 5.1% = 7.1%
Utilities, Affe 5.8%, Recomm. 1.6% = 4.2%
Funds and Cash not included.
I suggest we adjust our portfolio accordingly.
P
Sunday, February 25, 2007
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3 comments:
1. Consumer Discretionary - Suggest to sell -SEK7000 Elux.
2. Consumer Staples - invest SEK10000 in McDonalds, Swedish Match, etc.
3. Energy - Affe has 0%. Increase through investments in wind, sun, alternative and renewable energy, or sectors related to these changes (REC, Q-cells, Vestas Wind, Statoil, Neste Oil, Boliden och SSAB).
4. Financials - Increase exposure to other segments such as saving products (Prudential, Old Mutual, Kaupthing, etc).
5. Industrials - Affe has 0%. Increase through investments in growth segments and exposure to Asia such as Volvo, AlfaLaval, Atlas Copco, etc.
6. IT & Telecomm. - Affe is over exposed to the sector. Decrease and diversify!
7. Materials - Decrease SCA and diversify through other material such as steel, aluminium, oil, etc.
8. Utilities - Decrease Tele 2.
Patrik
Great idea with a blog instead of sending e-mails back and forth.
Regarding this post, I agree fully that AFFE should aim for a better balance in its portfolio.
I would like to see a concrete suggestion of how to balance the portfolio, which stocks to sell, which to buy, and take the discussion from there.
Keep up the good work, Mr A!
Regarding REC mentioned in third bullit in the first comment of this post. This is what was said in an article in di.se monday 26 feb 2007.
REC seems to be viewed as a good alternative for investments in environmental friendly energy, although any investment in this particular field is quite risky business.
"Med en rad stora order på vindkraftverk har året börjat bra för Morphic Tecnologies. Energiteknikbolaget passar nu på att ta in runt 275 miljoner kronor i tre nyemissioner. Som investerare måste man alltid fatta sina egna beslut och i fallet Morphic får läsaren av Börsveckan två olika bilder, en positiv från Björn Davegårdh och en negativ från redaktionen.
"Vi tycker att norska REC är ett bättre val för den högriskbenägne miljöteknikinvesteraren", skriver Börsveckan."
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