David Fuller's view

I had some dividend cash in my Self Invested Pension Plan (SIPP), which I wanted to invest in a corporate Autonomy, which was competitively valued, offered a reasonable dividend, and was in the high-end retail sector, benefitting from the world’s wealthier citizens including the upper middle classes. 

The share is the German automobile and motorbike manufacturer, BMW, and I have commented on it several times in recent weeks.  I have previously described BMW’s chart as indifferent or inconsistent, which I attribute mainly to Europe’s problems.  However, as a global Autonomy, BMW has been able to protect itself, at least partially, from the EU’s weak economies and often uncompetitive labour laws.  It sells at an estimated p/e of 9.75 and yields 2.94%, according to Bloomberg.  BMW certainly provides the best family car that I have ever driven, and I remain a big fan of German engineering. 

I bought BMW this afternoon, paying £69.54.  Here is the chart above shown in sterling.  I will almost certainly add to this position.