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>During a period in which ABN Amro is reducing its capital allocation to the Wholesale Banking unit by EUR 10bn, it is allocating an additional EUR 3bn in working capital to its Clearing division.</li>
<li>This strategic reallocation reflects CEO Marguerite Bérard’s emphasis on businesses offering superior returns on capital.</li>
<li>The Clearing unit has evolved into a major contributor to group performance, accounting for over 12% of the bank’s total income. </li>
</ul>


During a period in which ABN Amro is reducing its capital allocation to the Wholesale Banking unit by EUR 10bn, it is allocating an additional EUR 3bn in working capital to its Clearing division.
This strategic reallocation reflects CEO Marguerite Bérard’s emphasis on businesses offering superior returns on capital.
The Clearing unit has evolved into a major contributor to group performance, accounting for over 12% of the bank’s total income. 


What's News in Amsterdam - 7 July (ABN Amro | Ahold Delhaize | TomTom | Allegro)

<ul><li>In this edition: • Ahold Delhaize | IT recovery begins, but operational disruption and cyber risk persist • ASML Holding | finetunes FY26 outlook upward, mid-term outlook not reflected in share price • Bnode | license-plate contract renewed through 2032 • Ziggo Group | EC clears the sale of its passive tower assets • E-commerce & Logistics | sharp drop in German revenue for Asian e-commerce platforms</li></ul>

In this edition: • Ahold Delhaize | IT recovery begins, but operational disruption and cyber risk persist • ASML Holding | finetunes FY26 outlook upward, mid-term outlook not reflected in share price • Bnode | license-plate contract renewed through 2032 • Ziggo Group | EC clears the sale of its passive tower assets • E-commerce & Logistics | sharp drop in German revenue for Asian e-commerce platforms

<ul><li>In this edition: • AkzoNobel | rejected offer from Nippon Paints and Sherwin Wiliams • E-commerce & Logistics | potential EC investigation JD.com/Ceconomy deal</li></ul>

In this edition: • AkzoNobel | rejected offer from Nippon Paints and Sherwin Wiliams • E-commerce & Logistics | potential EC investigation JD.com/Ceconomy deal

Zalando SE - What's News in Amsterdam - 27 May (AkzoNobel | E-commerce & Logistics)

<ul><li>In this edition: • ING | to cut ~1,250 full-time roles as part of an AI-driven efficiency program • Unilever | held discussions with Kraft Heinz on potential merger food and condiments units • Van Lanschot Kempen | strategic review of its listed (“liquid”) investment strategies.</li><li>• CTT Correios | solid performance in FY25; upbeat for FY26 despite geopolitical environment • E-commerce & Logistics | experts say abolition of EU de minimis rule will not be effective</li></ul>

In this edition: • ING | to cut ~1,250 full-time roles as part of an AI-driven efficiency program • Unilever | held discussions with Kraft Heinz on potential merger food and condiments units • Van Lanschot Kempen | strategic review of its listed (“liquid”) investment strategies.• CTT Correios | solid performance in FY25; upbeat for FY26 despite geopolitical environment • E-commerce & Logistics | experts say abolition of EU de minimis rule will not be effective

<ul><li>In this edition: • ASR Nederland | Vereniging Aegon as a new cornerstone investor?</li><li>• BAM Group | completes acquisition of Gebroeders Blokland • Sif Holding | ends year strong, outlook FY26 reiterated but what about FY27?</li><li>• Zalando | post earnings call comment</li></ul>

In this edition: • ASR Nederland | Vereniging Aegon as a new cornerstone investor?• BAM Group | completes acquisition of Gebroeders Blokland • Sif Holding | ends year strong, outlook FY26 reiterated but what about FY27?• Zalando | post earnings call comment

What's News in Amsterdam - 13 March (ASR Nederland | BAM Group | Sif Holding | Zalando)

Germany

Zalando SE provides online sale of fashion accessories. The Company offers clothing, sports products, shoes, bags, and other accessories for men, women, and children. Zalando markets its products worldwide.

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Zalando (ZAL GR)

What's News in Amsterdam - 7 July (ABN Amro | Ahold Delhaize | TomTom | Allegro)

During a period in which ABN Amro is reducing its capital allocation to the Wholesale Banking unit by EUR 10bn, it is allocating an additional EUR...

The IDEA!

bpost SA - What's News in Amsterdam

In this edition: • Ahold Delhaize | IT recovery begins, but operational disruption and cyber risk persist • ASML Holding | finetunes FY26 outlook...

The IDEA!

Zalando SE - What's News in Amsterdam - 27 May (AkzoNobel | E-commerce & Logistics)

In this edition: • AkzoNobel | rejected offer from Nippon Paints and Sherwin Wiliams • E-commerce & Logistics | potential EC investigation...

The IDEA!

Zalando SE - What's News in Amsterdam

In this edition: • ING | to cut ~1,250 full-time roles as part of an AI-driven efficiency program • Unilever | held discussions with Kraft Heinz...

The IDEA!

What's News in Amsterdam - 13 March (ASR Nederland | BAM Group | Sif Holding | Zalando)

In this edition: • ASR Nederland | Vereniging Aegon as a new cornerstone investor? • BAM Group | completes acquisition of Gebroeders...

The IDEA!

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