Dividend funds have done extremely well so far this year, despite high inflation and tight monetary policy. Landkreditt Utbytte has done the best, with a return of 9.1 per cent.
Landkreditt Ubyttyte is managed by Truls Haugen. He points out that the fund wants to see that companies actually pay dividends, and not just expect to be able to do so in the future. The best sign of quality, according to Haugen, is that companies can reinvest the result at a good return.
On Lindøya just outside Oslo, a cabin owner wanted to pay NOK 120,000 to buy out the party site. Now the Borgarting Court of Appeal has decided that she has to pay ten times as much for a 200 square meter plot.
The cabins on the islands in the Oslofjord often cost several million kroner to buy. Last year, a 29 square meter cabin was sold for 7.3 million, despite the fact that the cabin owner does not own the plot itself. It is owned by the state, while the cabin owners pay an annual registration fee.
Several shares on Oslo Børs are now priced very low on earnings multiples for this year and next year. Hans Thrane Nielsen, portfolio manager at Storebrand, believes that one reason for this is that foreign investors do not want to buy them because they are Norwegian.
Nielsen believes there are similarities with what we see in the currency market. He calls it an “out of Norway” factor.
In leadership positions, Trygve Hegnar writes about Bjørnar Moxnes, party leader in Rødt. The fact that Moxnes is caught stealing sunglasses from a shop in Gardermoen is sensational.
Worse is the attempt at an explanation. We are guessing that Moxnes accepted the offer of NOK 3,000 because he understood what the cameras were showing. The thief, the thief, writes Hegnar.
The financial calendar
Macro:
Norway: Obo’s housing prices June
Norway: PMI industry June, at 10:00 a.m
Australia: PMI industry June final, at 01.00
Japan: Business confidence Q2, at 01.50
Japan: PMI industry June final, at 02.30
China: Caixin PMI manufacturing June, at 03.45
India: June industrial PMI, kl. 07.00
2023-07-03 04:20:32
#happening #today #Monday
