Results Value Indexing April

This month the Eurostoxx50 gained a bit on both the Bookvalue as the price to earnings list. However both lists still have an advantage of about 8%

PE

Value 16/01/2008 ( start)	60.188,31 €
Eurostoxx 50 (start)	4144,07
Value 16/04/2008	58.772,61 €
Eurostoxx 50	3717,52
Result PE	-2,35%
Result Eurostoxx	-10,29%

PB

Value 16/01/2008 ( start)	60.060,79 €
Eurostoxx 50 (start)	4144,07
Value16/04/2008	58478,91
Eurostoxx 50	3717,52
Result PB	-2,63%
Result Eurostoxx	-10,29%

Remember to invest wisely and with patience.

Price to Earnings List April

For all you out there interested in value investing in European stocks here is the price to bookvalue list.

If you want to know more about why this list read the blog post about value based indexing

And if you do have a good free or low budget stockscreener please let me know by using the contact sheet.

Remember there can be speeders, turbo and ETF among both the PE and the PB lists.

Name	Sector	Country	P/E
AUXIMINES (AUX)	Financial	BE	3,8
WERELDHAVE BELGIUM SCA (WEHB)	Services	BE	7
WAREHOUSES DE PAUW COMM. V.A. (WDP)	Transportation	BE	7,2
TESSENDERLO CHEMIE NV/SA (TESB)	Basic Materials	BE	7,4
LEASINVEST REAL ESTATE SCA (LEAS)	Services	BE	8,1
EURONAV NV (EURN)	Transportation	BE	8,9
ACKERMANS & VAN HAAREN (ACKB)	Financial	BE	9
SOLVAY S.A. (SOLB)	Basic Materials	BE	9,1
BANIMMO REAL ESTATE NV/SA (BANI)	Services	BE	9,5
BEFIMMO CVA (BEFB)	Services	BE	9,7
VASTNED RETAIL N.V. (VASTN)	Services	NL	4,3
CORIO N.V. (CORA)	Financial	NL	4,8
EUROCOMMERCIAL PROPERTIES N.V. (ECMPA)	Services	NL	4,9
AP ALTERNAT ASSETS (AAA)	Financial	NL	5
KONINKLIJKE PHILIPS ELECTRONICS NV (PHIA)	Conglomerates	NL	5,6
ISHARES PLC (ISFA)	Financial	NL	6,6
TETRAGON FINANCIAL GROUP LIMITED (TFG)	Financial	NL	6,8
HAL TRUST (HAL)	Financial	NL	6,9
WAVIN N.V. (WAVIN)	Basic Materials	NL	6,9
KARDAN N.V. (NETHERLANDS) (KARD)	Financial	NL	7,2
USG PEOPLE N.V. (USG)	Services	NL	7,3
GROUPE EUROTUNNEL SA (GET)	Transportation	FR	0,6
GENERALE DE SANTE (GDS) (GDS)	Healthcare	FR	3,2
FONCIERE DES REGIONS (FDR)	Capital Goods	FR	3,5
SOCIETE FONCIERE LYONNAISE (FLY)	Services	FR	4
ALTAREA SA (ALTA)	Services	FR	4
UNIBAIL-RODAMCO (UL)	Services	FR	4,1
GECINA SA (GFC)	Services	FR	4,6
EURAZEO SA (RF)	Financial	FR	4,7
NEXITY (NXI)	Capital Goods	FR	5,3
FONCIERE DEVELOPPEMENT LOGEMENTS SA (FDL)	Consumer Cyclical	FR	6,5
KAUFMAN & BROAD S.A. (KOF)	Capital Goods	FR	6,6
GAGFAH S.A. (GFJ)	Services	DE	4,3
PORSCHE AUTOMOBIL HOLDING SE (POR3)	Consumer Cyclical	DE	4,6
HEIDELBERGER DRUCKMASCHINEN AG (HDD)	Capital Goods	DE	4,7
BOLIDEN AB (BWJ)	Basic Materials	DE	4,8
DYCKERHOFF AG (DYK)	Capital Goods	DE	6,8
HEIDELBERGCEMENT AG (HEI)	Capital Goods	DE	6,8
DEUTSCHE LUFTHANSA AG (LHA)	Transportation	DE	6,9
SALZGITTER AG (SZG)	Basic Materials	DE	7
OJSC OIL COMPANY ROSNEFT (OJS1)	Energy	DE	7,3
STRABAG AG (STB)	Capital Goods	DE	7,3
SVENSKA CELLULOSA AB SCA (SCA)	Consumer/Non-Cyclical	DE	7,5

Price to Bookvalue list April

For all you out there interested in value investing in European stocks here is the price to bookvalue list.

If you want to know more about why this list read the blog post about value based indexing

And if you do have a good free or low budget stockscreener please let me know by using the contact sheet.

Remember there can be speeders, turbo and ETF among both the PE and the PB lists.

Name	Sector	Country	Bookvalue
GROUPE EUROTUNNEL SA (GET)	Transportation	FR	0,26
TETRAGON FINANCIAL GROUP LIMITED (TFG)	Financial	NL	0,49
AP ALTERNAT ASSETS (AAA)	Financial	NL	0,54
AFFINE SA (IML)	Services	FR	0,63
AUXIMINES (AUX)	Financial	BE	0,64
COMPAGNIE LA LUCETTE (MILU)	Basic Materials	FR	0,66
CEGEREAL SA (CGR)	Services	FR	0,68
GECINA SA (GFC)	Services	FR	0,74
PRINCESS PRIVATE EQUITY HOLDING LIMITED (PEY1)	Financial	DE	0,74
NOCOM AB (NC9B)	Technology	DE	0,74
WERELDHAVE BELGIUM SCA (WEHB)	Services	BE	0,76
EURAZEO SA (RF)	Financial	FR	0,78
FONCIERE DEVELOPPEMENT LOGEMENTS SA (FDL)	Consumer Cyclical	FR	0,81
SOITEC S.A. (SOI)	Technology	FR	0,81
WERELDHAVE NV (WHA)	Services	NL	0,88
GENERALE DE SANTE (GDS) (GDS)	Healthcare	FR	0,89
FONCIERE DES MURS SCA (FMU)	Services	FR	0,89
GAGFAH S.A. (GFJ)	Services	DE	0,9
COLONIA REAL ESTATE AG (KBU)	Services	DE	0,9
VASTNED RETAIL N.V. (VASTN)	Services	NL	0,92
COFINIMMO SA (COFB)	Services	BE	0,95
TESSENDERLO CHEMIE NV/SA (TESB)	Basic Materials	BE	0,96
DOCKS LYONNAIS SA (DOLY)	Services	FR	0,96
NRJ GROUP (NRG)	Services	FR	0,96
ORCO PROPERTY GROUP (ORC)	Services	FR	1

Update on European Magic Formula Stocks

Nothing spectacular happened this month.

The virtual magic formula stocks still underperform the indexes.
My picks still outperform the index.

That's about it.
Underneath you van find the lists.

My Magic Formula Stocks

Name	Date bought	Number	Price payed	Price 16/04/2008	Difference
Arcandor AG	17/05/2007	113	26,80 €	11,65 €	-56,53%
Bt Group	16/06/2007	588	5,03 €	2,81 €	-44,14%
Genrale de Sante	20/07/2007	98	30,67 €	14,05 €	-54,19%
KCO	27/09/2007	72	48,25 €	35,42 €	-26,59%
Randstad	17/10/2007	71	42,50 €	25,63 €	-39,69%
Britisch Land Comp	17/10/2007	180	16,66 €	10,66 €	-36,01%
Belgacom	17/11/2006	108	27,90 €	29,35 €	5,20%	Renewed 15/11/2007
Salzgitter	15/11/2007	25	120,62	115,36 €	-4,36%
Porsche	14/12/2007	20	140,75	106,40 €	-24,40%
Unibail	14/12/2007	20	149,14	164,20 €	10,10%
Option	16/01/2008	601	4,99	6,02 €	20,64%
Kazakhmys	16/01/2008	161	18,6	21,87 €	17,58%
KPN	20/02/2008	243	12,37	11,59 €	-6,31%
Unilever	20/02/2008	146	20,53	20,74 €	1,02%
Jacquet Metals	19/03/2008	50	59,53 €	56,00 €	-5,93%
Total Gabon	19/03/2008	8	395,00 €	426,97 €	8,09%
Altarea	16/04/2008	13	230	230	0,00%
Tognum	16/04/2008	170	17,66	17,7	0,23%
Total Portfolio			57.738,43 €
Stocks			47.285,63 €
Cash			10.452,80 €
Increase since 01/01/2008			-5,23%
60927,44	Euro
Increase since start (18-10-2006)
57335,76	Euro		0,70%
Rolls-Royce Group	20/04/2007	401	7,47 €	5,46 €	-26,91%	Sold 16/04

Virtual Magic Formula stocks

Name	Buy date	Number	Buying price	Price 16/04/2008	Difference
Arcandor ag	18/05/2007	113	26,68 €	11,73 €	-56,03%
Antofagasta PLC (ANTO)	15/06/2007	321	9,36 €	9,83 €	5,02%
Unibail Holding (UL)	15/06/2007	15	204,46 €	164,27 €	-19,66%
Glaxo Smith Kline	20/07/2007	153	19,66 €	13,86 €	-29,50%
Liberty International	27/09/2007	172	17,68 €	12,87 €	-27,21%
arques industries	17/11/2006	260	11,57 €	8,66 €	-25,15%	Renewed 17/10/2007
Netgem (NTG)	18/10/2007	968	3,10 €	2,08 €	-32,90%
Salzgitter	17/11/2006	36	84,71 €	115,61 €	36,48%	Renewed 15/11/2007
Land Securitys (LAND)	15/11/2007	130	23,09 €	19,14 €	-17,11%
PORSCHE AUTOMOBIL HOLDING SE (POR3)	14/12/2007	20	140,88 €	107,75 €	-23,52%
HAYS PLC (HAS)	14/12/2007	27	109,50 €	107,75 €	-1,60%
Randstad Holding	16/01/2008	111	26,94 €	25,64 €	-4,83%
BT Group	16/01/2008	636	4,72 €	2,79 €	-40,89%
William Hill PLC	20/02/2008	480	6,24 €	4,97 €	-20,35%
Britisch land Company PLC	20/02/2008	207	14,48 €	10,66 €	-26,38%
Next PLC	19/03/2008	176	17,00 €	13,98 €	-17,76%
Recylex	19/03/2008	206	14,56 €	14,58 €	0,14%
Jacquet Metals (industries)	16/04/2008	53	56,30 €	56,00 €	-0,53%
Altarea	16/04/2008	13	230,00 €	230,00 €	0,00%
Total Virtual Portfolio			46.051,93 €
Cash			2.198,87 €
Stocks			43.853,06 €
Increase since 01/01/2008
59883,36	Euro		-23,10%
Increase since start (18-10-2006)
57335,76	Euro		-19,68%
Olympique Lyonnais group	24/04/2007	146	20,65 €	21,00 €	1,69%	Sold 16/04/2008

Benchmarks

2008	Start	01/01/08	16/04/08	Change Start (18-10-2006)	Change 01/01
Euronext 100	942,47	995,23	855,06	-9,27%	-14,08%
Dax	6.412,36	8.067,32	6629,62	3,39%	-17,82%
FTSE 100	6.155,19	6.456,90	5935,8	-3,56%	-8,07%
			Average	-3,15%	-13,33%
Eurostoxx 50	3991,38	4399,72	3717,52	-6,86%	-15,51%

European Magic Formula list April

Enjoy a brand new list of European Magic Formula stocks.
Invest wisely

Name	Sector	Country
GROUPE EUROTUNNEL SA (GET)	Transportation	FR
BT GROUP PLC (BT.A)	Services	UK
RECYLEX SA (RX)	Basic Materials	FR
JACQUET METALS (JCQ)	Basic Materials	FR
PORSCHE AUTOMOBIL HOLDING SE (POR3)	Consumer Cyclical	DE
WILLIAM HILL PLC (WMH)	Services	UK
ALTAREA SA (ALTA)	Services	FR
KONINKLIJKE KPN N.V. (KPN)	Services	NL
KONINKLIJKE ECONOSTO N.V. (ECON)	Basic Materials	NL
UNIBAIL-RODAMCO (UL)	Services	FR
GENERALE DE SANTE (GDS) (GDS)	Healthcare	FR
MICHAEL PAGE INTERNATIONAL PLC (MPI)	Services	UK
LAND SECURITIES GROUP PLC (LAND)	Services	UK
GROUPE VIAL SA (VIA)	Capital Goods	FR
HAYS PLC (HAS)	Services	UK
TOGNUM AG (TGM)	Consumer Cyclical	DE
H&R WASAG AG (WAS)	Basic Materials	DE
RANDSTAD HOLDING NV (RAND)	Services	NL
THE BRITISH LAND COMPANY PLC (BLND)	Services	UK
TOTAL GABON SA (EC)	Energy	FR
MARKS AND SPENCER GROUP PLC (MKS)	Services	UK
ATENOR GROUP (ATEB)	Financial	BE
VALLOUREC GROUP (VK)	Capital Goods	FR
BETER BED HOLDING N.V. (BBED)	Services	NL
BIJOU BRIGITTE MODISCHE ACCESSOIRES (BIJ)	Consumer Cyclical	DE
SOCIETE FONCIERE LYONNAISE (FLY)	Services	FR
REGUS GROUP PLC (RGU)	Services	UK
COLONIA REAL ESTATE AG (KBU)	Services	DE
NEWAYS ELECTRONICS INTERNATIONAL N.V. (NEWAY)	Technology	NL
GLAXOSMITHKLINE PLC (GSK)	Healthcare	UK
BALFOUR BEATTY PLC (BBY)	Capital Goods	UK
CHARTER PLC (CHTR)	Capital Goods	UK
TOMTOM NV (TOM2)	Technology	NL
TOUPARGEL GROUPE (TOU)	Services	FR
MELEXIS N.V. (MELE)	Technology	BE
NORDDEUTSCHE AFFINERIE AG (NDA)	Basic Materials	DE
LACIE GROUP S.A. (LAC)	Technology	FR
BELGACOM SA (BELG)	Services	BE
HEIDELBERGCEMENT AG (HEI)	Capital Goods	DE
IMPERIAL TOBACCO GROUP PLC (IMT)	Consumer/Non-Cyclical	UK
BRITISH SKY BROADCASTING GROUP PLC (BSY)	Services	UK
ANTOFAGASTA PLC (ANTO)	Basic Materials	UK
TOTAL S.A. (FP)	Energy	FR
ASTRAZENECA PLC (AZN)	Healthcare	UK
TNT N.V. (TNT)	Transportation	NL
WAVECOM S.A. (AVM)	Technology	FR
VEDANTA RESOURCES PLC (VED)	Basic Materials	UK
BHP BILLITON PLC (BLT)	Basic Materials	UK
SMIT INTERNATIONALE N.V. (SMIT)	Transportation	NL
ROYAL DUTCH SHELL PLC (RDSA)	Energy	NL