Bought shares in Veteranpoolen, a company that technically lets other companies hire pensioners from them. In the long run with an aging population I believe the company will grow, also people will tend to live longer as well.
Short run might not have been optimal buying time. The stock price is around ATH. And with a recession around the corner the companies in the labour hiring industry will be some of the ones that will be hit hardest. Just look at Veteranpoolen during the pandemic, it was trading at SEK 11. With their dividend payout today that would almost be a 30% yield.
A part of the buy was due to their high dividend payout, 6%. They also aren't a very big company, just around 1bln SEK market cap. It was either buy Veteranpoolen and get the dividend payout or Boliden and I chose Veteranpoolen because of the dividend. I do think that mining companies will be a good bet going forward, almost like oil companies were two years ago. Inflation will drive commodity prices higher and ESG has made it so that no one has invested in more mining capacity.
Number of shares bought: 1000
Price: SEK 46.92
Effect on yearly dividend: +SEK 3,000.00
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