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  • Alex Laan

real estate lags gov bonds

Updated: Apr 21, 2019

Dear reader,


it's been a while since my last blog post. I'll keep this short as both your and my time is at times scarce.


If you have read my previous blog posts in the past, you may have noticed how I tend to view different stocks within an industry as a group rather than picking out individual names on their own merits across multiple industries.


This post is about Nordic real estate stocks, or rather Swedish and Norwegian to narrow it somewhat down and keep EU at a distance.


Swedish ppt stocks have performed fairly well lately whilst Norwegian ENTRA has lagged since it's latest earnings release. Some analysts suggested rising interest rates was one amongst several reasons to avoid this name. NPRO has lagged even worse, but experience tells me to avoid the true dogs.


Viewing the price of ENTRA overlaid the gov. bond index or inverted interest rates, it seems ENTRA lags. Is the coming weeks / months time to narrow this gap?


The jury or the market that is, has still yet to decide! As investors, we must make up our own opinion and take sole responsibility for our own decision.


Disclosure:

I have a position.

Chart above from this weekend, below from today.


Updated April 20th:


Safeguarding gains from 1/4th of position selling at 131.

On the 17th of April the remainder of the position was closed out as the up coming dividend did not outweigh selling related to rising long term rates.


Best wishes for improved processes!


Alex

Asker, Norway

+47 22 83 21 40

alexlaan@protonmail.com

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