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: • NN Group | to present its new medium-term targets at today’s CMD • Shell / SBM Offshore | FPSO Alexandre de Gusmão produces first oil • Fugro | to perform geotechnical surveys at Morgan and Mona offshore wind sites • PostNL | DHL e-Commerce Netherlands buys De Buren</li></ul>

In this edition: • NN Group | to present its new medium-term targets at today’s CMD • Shell / SBM Offshore | FPSO Alexandre de Gusmão produces first oil • Fugro | to perform geotechnical surveys at Morgan and Mona offshore wind sites • PostNL | DHL e-Commerce Netherlands buys De Buren

What's New(s) in Amsterdam - 27 May (NN Group | Shell / SBMO | Fugro | PostNL)

<ul><li>In this edition: • Shell | to Be(P) or not to Be(P); that’s the question • Corporate agenda | week 20 – 24</li></ul>

In this edition: • Shell | to Be(P) or not to Be(P); that’s the question • Corporate agenda | week 20 – 24

What's News in Amsterdam - 12 May (Shell | Corporate agenda)

<ul><li>In this edition: • Shell | rumoured to be exploring takeover of BP; Shell’s CEO prefers buyback though • KPN | VodafoneZiggo lost another 31,000 broadband customers in 1Q25 • Corporate agenda | week 19 - 24</li></ul>

In this edition: • Shell | rumoured to be exploring takeover of BP; Shell’s CEO prefers buyback though • KPN | VodafoneZiggo lost another 31,000 broadband customers in 1Q25 • Corporate agenda | week 19 - 24

What's News in Amsterdam - 5 May (Shell | KPN | Corporate agenda)

<ul><li>In this edition: • Shell | to increase capital returns to its shareholders • BAM Group | completes divestment of its remaining 50% interest in Invesis to PGGM • Sif Holding | CFO Mr. Ben Meijer to resign at AGM • Avantium | replaces CFO and other changes to its Management Board</li></ul>

In this edition: • Shell | to increase capital returns to its shareholders • BAM Group | completes divestment of its remaining 50% interest in Invesis to PGGM • Sif Holding | CFO Mr. Ben Meijer to resign at AGM • Avantium | replaces CFO and other changes to its Management Board

What's New(s) in Amsterdam - 26 March (Shell | BAM Group | Sif Holding | Avantium)

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>Shell’s Q4 2024 revenue and EPS are expected to decline 21.9% YoY and 35.1%, respectively. For fiscal 2024, forecasts project a 4.8% revenue drop and a 7.4% EPS decline.</li>
<li>Shell anticipates a USD 1.3 billion Q4 charge for emissions certificates and biofuel programs, alongside non-cash post-tax impairments ranging from USD 1.5 billion to USD 3 billion.</li>
<li>Shell forecasts flat refining margins at USD 5.5/bbl but a 16% QoQ drop in chemical margins to USD 138/tonne.</li>
</ul>


Shell’s Q4 2024 revenue and EPS are expected to decline 21.9% YoY and 35.1%, respectively. For fiscal 2024, forecasts project a 4.8% revenue drop and a 7.4% EPS decline.
Shell anticipates a USD 1.3 billion Q4 charge for emissions certificates and biofuel programs, alongside non-cash post-tax impairments ranging from USD 1.5 billion to USD 3 billion.
Shell forecasts flat refining margins at USD 5.5/bbl but a 16% QoQ drop in chemical margins to USD 138/tonne.


[Earnings Preview] Lower Gas Output and Tight Margins Hit Shell’s Q4 Outlook

United Kingdom

Shell PLC explores and refines petroleum products. The Company produces fuels, chemicals, and lubricants. Shell serves clients worldwide.

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Shell PLC (SHEL LN)

What's New(s) in Amsterdam - 27 May (NN Group | Shell / SBMO | Fugro | PostNL)

In this edition: • NN Group | to present its new medium-term targets at today’s CMD • Shell / SBM Offshore | FPSO Alexandre de Gusmão produces...

The IDEA!

What's News in Amsterdam - 12 May (Shell | Corporate agenda)

In this edition: • Shell | to Be(P) or not to Be(P); that’s the question • Corporate agenda | week 20 – 24

The IDEA!

What's News in Amsterdam - 5 May (Shell | KPN | Corporate agenda)

In this edition: • Shell | rumoured to be exploring takeover of BP; Shell’s CEO prefers buyback though • KPN | VodafoneZiggo lost another 31,000...

The IDEA!

What's New(s) in Amsterdam - 26 March (Shell | BAM Group | Sif Holding | Avantium)

In this edition: • Shell | to increase capital returns to its shareholders • BAM Group | completes divestment of its remaining 50% interest in...

The IDEA!

[Earnings Preview] Lower Gas Output and Tight Margins Hit Shell’s Q4 Outlook

Shell's Q4 2024 revenue and EPS expected to decline, with charges for emissions certificates and biofuel programs, and forecasts of flat refining...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

What's New(s) in Amsterdam - 27 May (NN Group | Shell / SBMO | Fugro | PostNL)

In this edition: • NN Group | to present its new medium-term targets at today’s CMD • Shell / SBM Offshore | FPSO Alexandre de Gusmão produces...

The IDEA!

What's News in Amsterdam - 12 May (Shell | Corporate agenda)

In this edition: • Shell | to Be(P) or not to Be(P); that’s the question • Corporate agenda | week 20 – 24

The IDEA!

What's News in Amsterdam - 5 May (Shell | KPN | Corporate agenda)

In this edition: • Shell | rumoured to be exploring takeover of BP; Shell’s CEO prefers buyback though • KPN | VodafoneZiggo lost another 31,000...

The IDEA!

What's New(s) in Amsterdam - 26 March (Shell | BAM Group | Sif Holding | Avantium)

In this edition: • Shell | to increase capital returns to its shareholders • BAM Group | completes divestment of its remaining 50% interest in...

The IDEA!

[Earnings Preview] Lower Gas Output and Tight Margins Hit Shell’s Q4 Outlook

​Shell's Q4 2024 revenue and EPS expected to decline, with charges for emissions certificates and biofuel programs, and forecasts of flat refining...

Mint Finance

Shell's Q4 2024 revenue and EPS expected to decline, with charges for emissions certificates and biofuel programs, and forecasts of flat refining...