LauriElias

SWED-A - dividend yield already great, could be hit with news

Long
LauriElias Updated   
OMXSTO:SWED_A   SWEDBANK AB SER A
I've already bought some and am going to hold on for a long time. Swedbank makes like 20%+ off their capital in my home country. It's a disgrace : )
Trade active
Comment:
Bought at 168.10 on 2019-02-21;
Bought at 132.00 on 2019-03-29.
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More news...
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Should attempt a re-entry if it recovers near my ~149 average. Because who is expecting any news about Swedbank to be good?
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It's almost guaranteed to take another dive once reports start coming in in autumn.
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Rates will go into further negatives...spells shit for big banks. Probably have to start eyeing for an exit this month.
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Price is going up before July 17th earnings. Means insiders know they're going to be good?
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Looks like Bonnier Group has been ordered SWED-A 'go lower':
aripaev.ee/borsiuudised/2019/07/16/rootsi-meedia-swedbankil-voimalik-suuria-keemiarelvadega

Earnings tomorrow. Probably doing fine.
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Shouldn't have ignored myself...

There goes the fat dividend: bloomberg.com/news/articles/2019-07-17/swedbank-slashes-dividend-pledge-amid-ongoing-laundering-saga
Comment:
EPS down 9.87->9.46 compared to 2018. Then people paid SEK 200+ for the stock though. I'm not expecting SWED to recover SOON, but nonetheless.
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Entering now, buying more if some news beats it down to 100 would probably have felt really good : )
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Now it'd just be irresponsible to fine them billions of dollars : )
Trade closed manually:
Sold 127, wanna do some IPO gambling with the money:

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