Investment journal 17.10.2019: Telia LT Q3 update & exit

Quite disappointed. Revenue is up quite a bit, 3,5 % ex. voice. But this has come with cost of margin. Gross margin was 57,6% vs. 61% %ish average before that. I was expecting profit growth but due to discounting it's really not materializing. EBT has been declining for 4 quarters in a row. My thesis …

Investment journal 9.6.2019: Telia LT situation update

Not much to see here. I own 7,7 % position in Telia Lietuva (Telia LT), a Baltic telco. I originally purchased it for of 1,15 eur/share about 14 months ago for defense and low valuation. Since then, I have received 0,07+0,08=0,15 in dividends. The stock is now 1,12 eur, so total value from the position …