Portfolio news – April 2016 additions

Another month and a few new additions to the Portfolio. First is NSI , which is a real estate company. They have offices and shopping malls they rent out, a tricky business at the moment. They offer full service solutions and advise as well. Which I think is the way forward, not just rent it out and see if the renter makes it but help their business as well.

So that makes this purchase one with a bit more risk. It’s relatively cheap and pay’s nice dividend, just under 4% of current share price. The debt is reasonable and should not be a problem in the coming years. The have an occupancy rate of around 77% which is not bad.

Next additions are too existing positions, Coca Cola and Munich Re. Coca Cola got a bit beaten up on the day when the results came out. So I bought some. Making the position up too par within the portfolio.

Munich Re has been available with a bit of a discount , and needed to be more in line with the rest of the portfolio. It’s a very stable company with a impressive history and solid dividend payments.