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: • KPN | flood of complaints at several authorities about Odido • Universal Music Group | completes acquisition of Downtown Music Holding by Virgin Music Group • PostNL | overall picture 4Q25 fairly in line with our expectations • Dutch politics | high coalition spending will increase government debt • Corporate agenda | week 9 – 12</li></ul>

In this edition: • KPN | flood of complaints at several authorities about Odido • Universal Music Group | completes acquisition of Downtown Music Holding by Virgin Music Group • PostNL | overall picture 4Q25 fairly in line with our expectations • Dutch politics | high coalition spending will increase government debt • Corporate agenda | week 9 – 12

<ul><li>In this edition: • PostNL | signs MoU with Temu</li></ul>

In this edition: • PostNL | signs MoU with Temu

What's New(s) in Amsterdam - 24 December (PostNL)

Koninklijke Bam Groep Nv / Equity Bottom-Up

<ul><li>In this edition: • AkzoNobel / Axalta | EU and UK ‘Phase I’ deadlines to expire soon • InPost | Offeror reaches 98.49% after post-acceptance period • Shell | robust downstream margins and upstream volumes offset exploration write-down • Fagron | marginal downward outlook adjustment due to industry wide IV bag recall • BAM Group | acquires A.Hak for EUR 504m, strengthening position in energy and water infrastructure • E-commerce & Logistics | last mile shift towards OOH in the UK accelerates</li></ul>

In this edition: • AkzoNobel / Axalta | EU and UK ‘Phase I’ deadlines to expire soon • InPost | Offeror reaches 98.49% after post-acceptance period • Shell | robust downstream margins and upstream volumes offset exploration write-down • Fagron | marginal downward outlook adjustment due to industry wide IV bag recall • BAM Group | acquires A.Hak for EUR 504m, strengthening position in energy and water infrastructure • E-commerce & Logistics | last mile shift towards OOH in the UK accelerates

Koninklijke BAM Groep NV - What's News in Amsterdam

Thematic (Sector/Industry)

<ul>
<li>Research by the University of Groningen on (shipping orchestration platform) Wuunder’s GreenChoice shipping initiative indicates that modest delivery delays could materially improve logistics efficiency.</li>
<li>If ~25% of consumers accept slower delivery, parcel carriers could reduce fleet size by ~20.0–20.5%, driven by smoothing peak demand rather than lowering per-trip emissions.</li>
<li>Peak congestion - caused by ~60% of orders being placed over weekends and delivered Tuesday - forces carriers to maintain excess capacity. </li>
</ul>


Research by the University of Groningen on (shipping orchestration platform) Wuunder’s GreenChoice shipping initiative indicates that modest delivery delays could materially improve logistics efficiency.
If ~25% of consumers accept slower delivery, parcel carriers could reduce fleet size by ~20.0–20.5%, driven by smoothing peak demand rather than lowering per-trip emissions.
Peak congestion - caused by ~60% of orders being placed over weekends and delivered Tuesday - forces carriers to maintain excess capacity. 


<ul><li>In this edition: • Ahold Delhaize/PostNL | Amazon prepares 2nd own delivery station in the Netherlands • ASML Holding | US congress targets to impose strict new export restriction to China • Shell | Aramco CEO flags “scarily thin” global oil inventories</li></ul>

In this edition: • Ahold Delhaize/PostNL | Amazon prepares 2nd own delivery station in the Netherlands • ASML Holding | US congress targets to impose strict new export restriction to China • Shell | Aramco CEO flags “scarily thin” global oil inventories

What's News in Amsterdam - 6 October (Ahold Delhaize/PostNL | ASML | Shell )

Netherlands

PostNL NV collects, transports, stores, sorts, and distributes letters, printed matter, parcels, documents, and freight items.  The Company provides mail and logistics services domestically and internationally.

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PostNL NV (PNL NA)

PostNL NV - What's New(s) in Amsterdam

In this edition: • KPN | flood of complaints at several authorities about Odido • Universal Music Group | completes acquisition of Downtown Music...

The IDEA!

What's New(s) in Amsterdam - 24 December (PostNL)

In this edition: • PostNL | signs MoU with Temu

The IDEA!

Koninklijke BAM Groep NV - What's News in Amsterdam

In this edition: • AkzoNobel / Axalta | EU and UK ‘Phase I’ deadlines to expire soon • InPost | Offeror reaches 98.49% after post-acceptance...

The IDEA!

What's News in Amsterdam

If ~25% of consumers accept slower delivery, parcel carriers could reduce fleet size by ~20.0–20.5%, driven by smoothing peak demand rather than...

The IDEA!

What's News in Amsterdam - 6 October (Ahold Delhaize/PostNL | ASML | Shell )

In this edition: • Ahold Delhaize/PostNL | Amazon prepares 2nd own delivery station in the Netherlands • ASML Holding | US congress targets to...

The IDEA!

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