(@Staatsmann) on getquin

Staatsmann

@Staatsmann

1Yr·

Question for the $VNA (+4.86%) investors here:

Are there currently fundamental reasons to buy beyond "prices are low"?

How many are blinded by the insider buying from the Finance Committee?

https://www.finanzen.net/insidertrades/vonovia

Anyone who feels vindicated in their own investment because of the insider purchases should always bear in mind that Markus Braun also bought into $WDI before the thing went to pieces.

https://www.deraktionaer.de/artikel/aktien/wirecard-insider-alarm-jetzt-kauft-ceo-braun-20201887.html

Personally, I've been out of Vonovia since last year because I think the political risk is currently too high, I don't like the interest rate environment, and Vonovia is sitting on too many properties in need of energy-efficient renovation in the current market situation, which will cost a lot of money for the time being.

Inflation, which I believe will continue for a while, has also reduced the opportunity for significant rent increases to compensate for the investments.

www.finanzen.netVONOVIA AKTIE Insidertrades | Directors Dealings | Insiderhandel | A1ML7J

18 Comments

Jasiek@JasiekStocks

1Yr

What speaks for me in favor of Vonovia? 1) The current stock of a market value of about € 61 billion against about € 40 billion liabilities. 2) The liabilities are secured in the long term until 2030 so currently no excessive burden by the current interest rate environment 3) The state would never manage to ensure the housing for people and maintain. The state needs Vonovia. 4) Due to inflation and Habeck's plans I see less property in private hands in the future but more potential tenants. The current policy destroys the private house as a pension. 5) The apartments of Vonovia are energetically above the national average -> No above-average burden by the plans of the EU 6) Vonovia holds shares in many smaller housing companies. 7) Cash balance of about € 6 billion. Is it possible to swallow stumbling competitors in the foreseeable future? 8) The volume of trades is very high and that although there is nothing new from Vonovia which was not already priced in 4 weeks ago -> panic selling from my point of view. What speaks for me against Vonovia? 1) The reputation is far worse than what they are. The question is how far will certain groups go here -> expropriation? Even then, the market value is paid. 2) A possible KE. But here I have confidence in the management that they would rather stop the dividend than pay and then do a KE. Now of course there is the point of contention is the fair value of Vonovia properties well estimated ? Can one simply take fair value- liabilities = earnings > market capitalization ? I trust Vonovia here in the point of fair value estimation and think that a buffer of 33% to the liabilities is sufficient. For me personally a clear buy. But of course everyone must know for themselves. I do not understand the Gebashe and the panic around it. May be 2023 / 24 red stand but in the long term, this is for me a Risenchance that offers itself there.

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Pascal@Finanzios

1Yr

I keep my distance from it. I don't really understand the hype at the moment either 🥴.

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Damir@Cro

1Yr

Totally agree with you here. Keep your distance and observe loosely 😉👍🏾

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DerMartin@DerMartin

1Yr

I have started a savings plan for 12 months.

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EriMa@EriMa

1Yr

Nothing speaks for it. stocks will inevitably be devalued, refinancing will take place by selling assts at poor prices, dividends will not be available for a long time, ... Buy as soon as the state takes action....

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Tim@Stratege_Tim

1Yr

Oh a real estate investor! 😏

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Fred@Fred297

1Yr

Wait and see, don't reach for the falling knife! Wait for bottoming!

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