On February 11th, 2019, I bought an additional 200 shares of Ekspress Grupp (EEG1T) paying EUR 0.98 per share.
As this stock is from the Nasdaq Baltic listings, it's hard to forecast future dividend for it, but as I have this stock in my portfolio since 2017, I'm looking for dividend on July.
From the bright side - Ekspress Grupp has increased dividend since 2013. Last year it was a record dividend of 0.07 EUR per share.
Unfortunately, Ekspress Grupp has lost about 20% of its value since November 2018, or I have lost 26.98% in my portfolio (long since 2017). Right now it is too early to speak about dividends for 2019. If traditions are kept and Ekspress Grupp would increase the dividend to 0.08 EUR per share, that would mean an 8.1% dividend yield. Nothing fancy, but taking into consideration that in the past company has paid a dividend yield in the range 4-5%, I wouldn't be too optimistic about getting 0.08 EUR per share. Instead, I believe the dividend will be ~ 0.04 - 0.05 EUR per share. Things might go South and we could have a 0 dividend (as it happened with SAF Tehnika in 2018)
Ekspress Grupp now takes 7.21% from my Nasdaq Baltics holdings. With this latest buy, I also managed to level up negative value growth from -26.98% to -18.70%, or after dividend income from -19.85% to - 13.76%
Depending from the dividend size, for the rest of the year, I'm looking to get a EUR 8 - EUR 16 (USD 9.05 - USD 18.10 ) from this buy, which is about 0.44% - 0.88% from my $2,045 goal for 2019 (There could be 0 dividends as well)
Historical stock price and chart for Ekspress Grupp (2007-2019)
Since being listed on the Nasdaq Baltic (around April 2007) the stock price has lost about -84.64%, with the largest drop, happening around 2007/2008.
On the other hand if looking at historical data for the past 3 years (2016-2019) scene looks this:
Historical stock price for Ekspress Grupp (3 years 2016-2019)
The price has been pretty stable during the last 3 years (in fact it has been pretty stable for about the last 10 years), with the only exception a huge price drop at the end of 2018 (all stock markets where down), and continuing to fall (as of February 11, 2019)
I'm neither bullish nor bearish about this stock. Right now I see it as a great buying opportunity, Hopefully, I'm not catching a falling knife. Do your due diligence before investing.
About Ekspress Grupp
AS Ekspress Grupp is a leading media group in the Baltic States, whose activities include publishing, printing services, and online media content production.
Ekspress Grupp started operations in 1989, publishing the first edition of the popular weekly newspaper Eesti Ekspress. During its activity, Ekspress Grupp has added daily newspapers, magazines and online portals to its portfolio. The company also owns a modern printing facility, performs early morning home delivery of periodicals in Estonia and distributes magazines in the Lithuanian market.
The main strength of Ekspress Grupp is its very strong market position, with the company’s brands being the most popular among consumers. Ekspress Grupp owns the leading online media portals in the Baltics and publishes Estonia’s most widely read daily and weekly newspapers, in addition to seven out of the top ten magazines in Estonia. The group is vertically integrated with everything from content to printing and distribution carried out by its own companies.
The company’s goal is to be a truly modern media company with a strong foothold in all markets where actively present, with a leading position in online media. Our mission is to offer new and exciting experiences both on paper and in digital media, without compromising the quality of the news, selection of the topics and journalistic objectivity.
In its activity, Ekspress Grupp proceeds from the principles of free press and follows the Corporate Governance Code.
The main subsidiaries of Ekspress Grupp are: AS Ekpress Meedia, OÜ Hea Lugu, AS Õhtuleht Kirjastus, AS Printall, AS Express Post, OÜ Ekspress Digital, Zave Media OÜ, A/S Delfi, UAB Delfi, UAB Adnet Media.
In 2007, Ekspress Grupp became a public company and its shares were listed on Tallinn Stock Exchange (now NASDAQ OMX Tallinn).