Independent Investment Research, The IDEA!

The IDEA!

Independent Investment Research

The Idea-Driven Equities Analyses company (the IDEA!) is an employee-owned boutique providing independent investment research and financial consultancy services with a clear focus on the Benelux countries. The company was founded in the summer of 2007 by Henk Slotboom and Maarten Verbeek, both with more than 35 years of professional experience in the financial sector. The IDEA! differentiates itself by focusing on adding value through self-initiated in-depth, idea-driven investment research, as well as by bespoke research assignments for institutional investors, hedge funds and private equity. In addition, we provide market intelligence, strategic research and – together with our business partners – consultancy services to businesses. In case you are interested in receiving more information, a sample of our products or an introductory meeting, please send a message to info@theidea.nl.

Equity Bottom-Up

Aalberts Industries Nv / Equity Bottom-Up

<ul><li>In this edition: • Aalberts | beats expectations – reiterates FY26 guidance</li></ul>

In this edition: • Aalberts | beats expectations – reiterates FY26 guidance

What's New(s) in Amsterdam 1 May (Aalberts)

<ul><li>In this edition: • dsm-firmenich | presents new mid-term targets; new EUR 540m share buyback • Aalberts | completes divestment of Broen • Triodos Bank | FY25 results reflect a transition year • Allegro | 4Q25 results broadly in line with consensus; PLN 1.6bn share buyback</li></ul>

In this edition: • dsm-firmenich | presents new mid-term targets; new EUR 540m share buyback • Aalberts | completes divestment of Broen • Triodos Bank | FY25 results reflect a transition year • Allegro | 4Q25 results broadly in line with consensus; PLN 1.6bn share buyback

What's New(s) in Amsterdam - 12 March (dsm-firmenich | Aalberts | Triodos Bank | Allegro)

Thematic (Sector/Industry)

<ul>
<li>Aalberts | acquires Geo-Flo in the US Aalberts has reached an agreement to acquire Geo-Flo Corporation, based in the US, generating an annual revenue of approx.</li>
<li>USD 15m with over 25 employees. Geo-Flo designs and manufactures pumping systems and components for hydronic-based HVAC systems, including geothermal and water source heat pump applications.</li>
<li>As market leader in its segment, Geo-Flo is known for its design expertise and production capabilities. </li>
</ul>


Aalberts | acquires Geo-Flo in the US Aalberts has reached an agreement to acquire Geo-Flo Corporation, based in the US, generating an annual revenue of approx.
USD 15m with over 25 employees. Geo-Flo designs and manufactures pumping systems and components for hydronic-based HVAC systems, including geothermal and water source heat pump applications.
As market leader in its segment, Geo-Flo is known for its design expertise and production capabilities. 


What's New(s) in Amsterdam - 17 July (Aalberts | TKH Group | Sif Holding | Sligro Food Group)

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Major breakouts for UK's FTSE 100, STOXX Europe 50, and Germany's DAX (among others) continue to support our belief that non-U.S. equities are likely to outperform in the months/years ahead.</li>
<li>We continue to recommend adding exposure to China/Hong Kong, and to add exposure/remain overweight Europe and the UK; these remain our favorite areas to invest in the year ahead.</li>
<li>The UK/Europe and Hong Kong/China make up the majority of today's individual stock buy recommendations. Industrials, Materials, and Consumer Discretionary Sectors are all bullish and highlighted today -- add exposure.</li>
</ul>


Major breakouts for UK's FTSE 100, STOXX Europe 50, and Germany's DAX (among others) continue to support our belief that non-U.S. equities are likely to outperform in the months/years ahead.
We continue to recommend adding exposure to China/Hong Kong, and to add exposure/remain overweight Europe and the UK; these remain our favorite areas to invest in the year ahead.
The UK/Europe and Hong Kong/China make up the majority of today's individual stock buy recommendations. Industrials, Materials, and Consumer Discretionary Sectors are all bullish and highlighted today -- add exposure.


UK's FTSE 100, STOXX Europe 50 Breaking Out; Non-U.S. Outperformance to Continue, Buys in Cyclicals

Oesterreichische Post Ag / Equity Bottom-Up

<ul><li>In this edition: • Aalberts | strong acceleration of organic revenue growth in 26Q2 • ABN Amro | Dutch state completes reduction of its stake, now at 20.5% • BE Semiconductor Industries | long-term outlook remains strong, well reflected in its share price • InPost | acceptance period extended until 18 September • RELX Group | continues to accelerate underlying growth and margin expansion • Sligro Food Group | interim dividend and share buyback despite poor 1H26 results • Austrian Post | strengthens its SEE parcel platform with Serbian acquisition</li></ul>

In this edition: • Aalberts | strong acceleration of organic revenue growth in 26Q2 • ABN Amro | Dutch state completes reduction of its stake, now at 20.5% • BE Semiconductor Industries | long-term outlook remains strong, well reflected in its share price • InPost | acceptance period extended until 18 September • RELX Group | continues to accelerate underlying growth and margin expansion • Sligro Food Group | interim dividend and share buyback despite poor 1H26 results • Austrian Post | strengthens its SEE parcel platform with Serbian acquisition

Oesterreichische Post AG - What's News in Amsterdam

Netherlands

Aalberts N.V. operates as an aluminum precision extrusion company. The Company offers integrated piping and multilayer systems, heat and surface treatment, hydronic flow and fluid control, advance mechatronics, and other related products. Aalberts serves customers worldwide.

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Aalberts Industries Nv (AALB NA)

What's New(s) in Amsterdam 1 May (Aalberts)

In this edition: • Aalberts | beats expectations – reiterates FY26 guidance

The IDEA!

What's New(s) in Amsterdam - 12 March (dsm-firmenich | Aalberts | Triodos Bank | Allegro)

In this edition: • dsm-firmenich | presents new mid-term targets; new EUR 540m share buyback • Aalberts | completes divestment of Broen...

The IDEA!

What's New(s) in Amsterdam - 17 July (Aalberts | TKH Group | Sif Holding | Sligro Food Group)

Aalberts | acquires Geo-Flo in the US Aalberts has reached an agreement to acquire Geo-Flo Corporation, based in the US, generating an annual...

The IDEA!

UK's FTSE 100, STOXX Europe 50 Breaking Out; Non-U.S. Outperformance to Continue, Buys in Cyclicals

Recent major breakouts for the FTSE 100, STOXX Europe 50, and Germany's DAX (among others) continue to support our belief that non-U.S. equities...

Vermilion Research

Oesterreichische Post AG - What's News in Amsterdam

In this edition: • Aalberts | strong acceleration of organic revenue growth in 26Q2 • ABN Amro | Dutch state completes reduction of its stake, now...

The IDEA!

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