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

<ul><li>In this edition: • Basic-Fit | Belgium to postpone VAT increase on sports • PostNL | secures D+2 and D+3 permission; ACM launches investigation • PostNL | four largest cities in the Netherlands support the deployment of shared APMs • E-commerce & Logistics | JD.com to roll out its own last mile delivery network in Europe • Corporate agenda | week 8 – 12</li></ul>

In this edition: • Basic-Fit | Belgium to postpone VAT increase on sports • PostNL | secures D+2 and D+3 permission; ACM launches investigation • PostNL | four largest cities in the Netherlands support the deployment of shared APMs • E-commerce & Logistics | JD.com to roll out its own last mile delivery network in Europe • Corporate agenda | week 8 – 12

Basic-Fit NV - What's New(s) in Amsterdam

<ul><li>In this edition: • KPN / Odido | major data breach at Odido • CM.com | anticipates at least 30% increase in FY26 adjusted EBITDA • ForFarmers | “an engagement is the trailer; marriage is the full series” • Allegro | moves to a single order threshold for free delivery for Smart!</li><li>Users • E-commerce & Logistics | EU Council approves customs duty on small e-commerce parcels • E-commerce & Logistics | Benelux webshops excel in delivery speed; not in aftersales</li></ul>

In this edition: • KPN / Odido | major data breach at Odido • CM.com | anticipates at least 30% increase in FY26 adjusted EBITDA • ForFarmers | “an engagement is the trailer; marriage is the full series” • Allegro | moves to a single order threshold for free delivery for Smart!Users • E-commerce & Logistics | EU Council approves customs duty on small e-commerce parcels • E-commerce & Logistics | Benelux webshops excel in delivery speed; not in aftersales

United Parcel Service Cl B / Equity Bottom-Up

<ul><li>We issued a company report (10 pages) featuring InPost.</li><li> Summary & Conclusions A consortium comprising FedEx (37%), Advent (37%), A&R Investment (16%), and PPF (10%) has launched an all-cash offer of EUR 15.60 per share for 100% of InPost, valuing its shares at ~EUR 7.8 bn.</li><li>This represents a 50% premium to the undisturbed share price on 2 January 2026 and 53% above the three-month VWAP.</li></ul>

We issued a company report (10 pages) featuring InPost. Summary & Conclusions A consortium comprising FedEx (37%), Advent (37%), A&R Investment (16%), and PPF (10%) has launched an all-cash offer of EUR 15.60 per share for 100% of InPost, valuing its shares at ~EUR 7.8 bn.This represents a 50% premium to the undisturbed share price on 2 January 2026 and 53% above the three-month VWAP.

United Parcel Service Cl B - Company Report: InPost | This (Fed)Exit Deserves A Better Price

<ul><li>We issued a company report (10 pages) featuring InPost.</li><li> Although we support the view that InPost may be better off as a private company, we feel that the proposed EUR 15.60/share all cash offer fundamentally undervalues the company.</li><li>In this report, we will explain why.</li></ul>

We issued a company report (10 pages) featuring InPost. Although we support the view that InPost may be better off as a private company, we feel that the proposed EUR 15.60/share all cash offer fundamentally undervalues the company.In this report, we will explain why.

Research alert: InPost | This (Fed)Exit Deserves A Better Price

<ul><li>In today's edition: • Dutch politics | D66, VVD and CDA present coalition agreement • Dutch retail sales | up 3.0% YoY in December and up 3.6% in FY25 • E-commerce & logistics | Italy plans to abandon plan for unilateral handling charge • Corporate agenda | week 6 - 10</li></ul>

In today's edition: • Dutch politics | D66, VVD and CDA present coalition agreement • Dutch retail sales | up 3.0% YoY in December and up 3.6% in FY25 • E-commerce & logistics | Italy plans to abandon plan for unilateral handling charge • Corporate agenda | week 6 - 10

Sligro Food Group NV - What's News in Amsterdam

Germany

Deutsche Post AG provides mail delivery and other services to the public and businesses. The Company offers domestic mail delivery, international parcel and mail delivery services, and freight delivery and logistics services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Deutsche Post (DHL GR)

Basic-Fit NV - What's New(s) in Amsterdam

In this edition: • Basic-Fit | Belgium to postpone VAT increase on sports • PostNL | secures D+2 and D+3 permission; ACM launches...

The IDEA!

Allegro.eu SA - What's News in Amsterdam

In this edition: • KPN / Odido | major data breach at Odido • CM.com | anticipates at least 30% increase in FY26 adjusted EBITDA • ForFarmers |...

The IDEA!

United Parcel Service Cl B - Company Report: InPost | This (Fed)Exit Deserves A Better Price

We issued a company report (10 pages) featuring InPost. Summary & Conclusions A consortium comprising FedEx (37%), Advent (37%), A&R...

The IDEA!

Research alert: InPost | This (Fed)Exit Deserves A Better Price

We issued a company report (10 pages) featuring InPost. Although we support the view that InPost may be better off as a private company, we feel...

The IDEA!

Sligro Food Group NV - What's News in Amsterdam

In today's edition: • Dutch politics | D66, VVD and CDA present coalition agreement • Dutch retail sales | up 3.0% YoY in December and up 3.6% in...

The IDEA!

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)