Hello my dears,

At the end of the month there was another rebalancing at "Tenbagger Holding".

The two companies that will be taken over next year have now been sold at a profit.

$IVG (-0,41 %) Iveco and $AWE Alphawave.

I have noticed that there has been hardly any movement in the share price for weeks. And that's why I want to use the capital for new investments at the end of the year.

One new addition already took place yesterday.

Once again, we are going to the USA, with one foot in the future-oriented sector of "quantum technology". Through the investment in $FEIM (+5,53 %) Frequency Electronics Inc.

Many will now be thinking "Why buy at an all-time high? For me, an ATH is a sign of strength. And in the past, I have often not found the entry point for such shares by waiting. For me, Frequency is a long-term investment, and with quantum technology we are only at the beginning.

If there is another correction, I will buy more.

There was also an additional purchase in $CAMX (+1,33 %) Camurus. I see pent-up demand in the pharmaceutical sector. And anyone who knows me knows that I go for the small but mighty.

Ladies and gentlemen, what do you think of the sale of the two takeover candidates?

Was it perhaps a mistake and should I have waited a little longer? Should I have waited for the price to improve? Or was it right to redeploy the capital at the end of the year?

By the way $IRBT iRobot in terms of the takeover. When the company was to be taken over by Amazon, the EU did not give its approval at the end. And the gamble ended up in a dead stock.

What do you think of my investment in Frequency Electronics? @EpsEra

I look forward to many comments.

Frequency Electronics, Inc. (FEI) was founded in 1961 and is a public company headquartered in Long Island, New York. FEI is traded on the NASDAQ Stock Exchange under the symbol FEIM. The Geschäftsführung of the company is managed by Dr. Thomas McClelland managed by

FEI and its subsidiaries are major global providers of precision time and frequency (PT&F) products for ground, sea, air and space terminals and platforms used by commercial and government/military system suppliers. For more information on our Fähigkeiten finden Sie unter diesem Link.

The company has four wholly owned subsidiaries Tochtergesellschaften. FEI Communications Inc. and FEI Government Systems Inc. are located in Mitchel Field, New York; FEI-Zyfer Inc. based in Garden Grove, California; and FEI-Elcom Tech Inc. headquartered in Northvale, New Jersey.

The company looks back on eine lange Geschichte and has evolved from a defense contract manufacturer to a high-tech provider of precision timing and frequency products used to synchronize voice, data and video transmissions in wireless communications systems. More Informationen zum Werden eines Anbieters finden Sie unter diesem Link.

FEI and its subsidiaries support the United States government with custom time and frequency solutions and products for defense and space applications.

Über uns - Frequency Electronics

Hello my dears,

the love @yngfinn has asked me how I find shares. I would like to share my answer with you.

@yngfinn

Hello my dear,

as I have enough positions in my portfolio at the moment, I am no longer looking so intensively for new companies. I don't trade and am more long-term oriented.

My approach is quite different.

By sector:

I often look at which sectors and areas are currently on the move. Or what the areas of the future are, such as robotics, defense and aerospace, AI, etc.

But I also look at which sectors and countries in my portfolio are undervalued.

Or also in which sectors I see a need to catch up because they have been driven down unjustifiably. Like the healthcare sector, for example 🍊.

I watch reports and documentaries. Like exploring the oceans and seas. And discovering Kraken Robotic $PNG (-2,19 %) and Norbit $NORBT (-1,95 %) .

https://getqu.in/Ey45a0/

After Powel's speech on Friday, for example, it would now make sense to look for real estate and homebuilders. Like Buffet did with his stock Dr. Horten $DHI (-6,4 %) .

Unfortunately, the ongoing wars show the importance of drones and drone defense.

But also the increasing importance in agriculture (I have already written a post about this).

https://getqu.in/SdXvMm/

In the end, my choice here was $AVAV (-7 %) AeroVironment. And the contract manufacturer $KIT (+0,33 %) Kitron.

In the future-oriented robotics sector, I don't really want to invest in overvalued stocks such as $TSLA (+3,38 %) Tesla or the contract manufacturer $JBL (+1,08 %) Jabil. I see Japan as very innovative here. As shown by $7012 (-1,76 %) Kawasaki shows. This is how I discovered the blade supplier $6481 (+0,31 %) THK (there was a post from me about this).

https://getqu.in/fZudqX/

By country:

When Iran attacked Israel, I took advantage of the dip and picked Israeli stocks.

For example, I discovered Gilat $GILT (+0 %) for example.

But as a long-term investor, I still see the USA in the lead. I also like to take a look at small and mid caps.

But I also often look at countries that are not quite so much in focus. Scandinavia or Italy.

I have found $LTMC (-2,37 %) Lottomatica and $CAMX (+1,33 %) Camurus.

I often only look at the companies by momentum from the various indices in these countries.

By company:

I also often look at which companies are currently the stars on the stock market. Like Rheinmetall, for example, but then I don't go into the overvalued shares, but look for suppliers, i.e. blade suppliers. That's how I came across Kitron $KIT (+0,33 %) for example. Kitron as a contract manufacturer for the defense sector.

Or when Novo Nordisk was still a star, I discovered the Novo supplier $YPSN (+1,78 %) discovered.

Nvidia supplier $HY9H (+11,39 %) sk Hynix.

Where is the capex of the companies going?

Based on this question, I came across the AI infrastructure companies $IESC (-1,93 %) IES Holding and $VRT (+1,31 %) Vertiv.

The weakness of one company makes other companies strong.

The weakness of Boeing makes $AIR (+0,23 %) and $ERJ (+1,68 %) strong. That's how I came across Embraer and $MTX (-3,67 %) MTU.

https://getqu.in/4hiSbt/

Research and reports, such as on coinbase $COIN (+8,28 %) (CAUTION never buy based on a story).

https://getqu.in/OIiwhP/

Good company figures with a growth story could also be a reason. As for example with $GILD (+1,42 %) Gilead.

https://getqu.in/iF8BDY/

Takeover fantasies:

Takeover rumors usually mean that the share price of the company to be taken over rises.

As was the case with $AWE Alphawave was the case.

https://getqu.in/1NPNWI/

Or with Iveco $IVG (-0,41 %)

https://getqu.in/WJnLFp/

https://getqu.in/VnK4Xk/

CAUTION: Something can always go wrong here and send the share price plummeting.

I experienced this myself with i robot when the UK did not agree to a takeover by Amazon.

No matter in which area. My approach is usually to pick out the momentum stocks. I then look at the multiples, news, order situation and, of course, the company.

Compounders and long-term runners:

In my core, I only invest in quality stocks with a moat.

Here it makes sense not to buy at the ATH, but on the dip.

Multiples:

What is important to me with multiples:

-profitable company, or in the next year

Profitable.

Preferably double-digit profit growth with a falling P/E ratio.

-Percentage profit growth is higher than sales growth.

-good and rising EbiT margin.

-PEG below or around 1

-increasing free cash flow taking into account capex.

My dears,

I hope my brief summary of my approach perhaps offers you a little added value.

Please let me know in the comments.

Suggestions for improvement are also welcome. 😘😘

$IVG (-0,41 %)

My dears, I'm sticking with it.

According to insiders, the Italian industrialist family Agnelli is negotiating the sale of commercial vehicle manufacturer Iveco. Tata Motors has been named as a possible buyer. The Indian vehicle manufacturer has approached the Agnelli family's holding company Exor about its stake in Iveco, according to two people familiar with the matter. The Iveco armaments business is not part of a possible sale.

A third insider said that Exor had started talks with more than one non-European interested party about a possible sale. Iveco shares rose by up to nine percent.

Source: ntv.de

https://www.n-tv.de/wirtschaft/der_boersen_tag/Insider-Familie-Agnelli-verhandelt-ueber-Verkauf-von-Iveco-Aktie-legt-kraeftig-zu-article25910315.html

$1211 (-1,19 %)
$IVG (-0,41 %)

The Belgian public transport company De Lijn has awarded contracts for a total of 290 new electric buses to BYD, Iveco and VDL. The largest contract was awarded to the manufacturer BYD with 140 e-buses. With additional funding from the government, De Lijn plans to order 500 more e-buses this year.

The contract now awarded to the three manufacturers is worth 185 million euros and contributes to De Lijn's goal of achieving an emission-free fleet by 2035. The first electric buses from the order that has now been announced are to be delivered by the end of 2026. According to the daily newspaper "De Tijd", 140 12-metre-long solo buses alone have been ordered from BYD. This is likely to be another order from the framework agreement between De Lijn and BYD for the delivery of up to 500 electric buses agreed at the end of 2023. Iveco and VDL are also to supply 100 and 50 articulated electric buses respectively.

https://www.electrive.net/2025/06/13/de-lijn-bestellt-290-e-busse-bei-byd-iveco-und-vdl/

$IVG (-0,41 %)

The Italian armaments group Leonardo and its German partner Rheinmetall are apparently in danger of losing out in the bidding race for Iveco's armaments division.

The consortium led by the Italians and the German DAX company submitted the lowest bid in the first round of bidding, the Bloomberg news agency reported on Thursday, citing people familiar with the matter. The possible sale price is likely to have swelled to between 1.5 and 2 billion euros due to the high demand for defense investments, the sources added.

Competitors of the Italian-German alliance are therefore the Czechoslovak Group and the French-German tank manufacturer KNDS. Leonardo, Rheinmetall and Czechoslovak Group declined to comment on the information to Bloomberg.

In February, Iveco announced a possible separation from the armaments business. It had already become apparent in March that Leonardo and Rheinmetall were among the interested parties. The two partners each hold 50 percent of the shares in their joint venture based in Rome. The foundation was announced last October. It is to manufacture infantry fighting vehicles and main battle tanks as well as special vehicles for bridge-laying.

/men/tih

ROME/TURIN (dpa-AFX)

Rheinmetall JV must probably increase its offer for Iveco Defense

Armaments boom has driven the price of the deal up to €2 billion

Iveco has asked the three interested parties for new offers

The bidding race for Iveco's armaments division is coming to a head - and the consortium consisting of the Italian group Leonardo and the German armaments specialist Rheinmetall, of all companies, appears to be falling behind. According to information from Bloomberg, which cites people familiar with the matter, the German-Italian alliance is said to have submitted the lowest bid in the first round. The competition: the Czechoslovak Group and the Franco-German joint venture KNDS. A final bid has not yet been accepted.

In view of the high demand for military equipment, the sale price is now estimated at between 1.5 and 2 billion euros. Leonardo, Rheinmetall and the Czechoslovak Group did not comment when asked by Bloomberg.

https://www.wallstreet-online.de/nachricht/19466889-ivecos-ruestungssparte-milliardendeal-gefahr-rheinmetall-leonardo-ueberboten

$IVG (-0,41 %)

Iveco Bus has inaugurated a new prototype and test center at its Vysoké Mýto plant in the Czech Republic. It has been designed to accommodate all drive types, including battery and hydrogen-powered vehicles.

The two-storey facility now offers a doubled working area of 4,100 square meters and can accommodate prototypes up to 18 meters in length, according to the company. The facility includes twelve special workstations with overhead platforms to enable ergonomic work on the vehicle roofs. This is where the battery packs and hydrogen tanks are usually located on buses.

The new test center also has a heating chamber in which the vehicle's air conditioning system can be tested at temperatures of up to 50 degrees. With the test benches installed in Vysoké Mýto, Iveco Bus says it can also carry out interior and exterior noise measurements, vibration tests, driving behavior analyses and energy consumption assessments. The prototype and test center was built within 18 months and offers 50 workstations, 20 of which are for engineers. According to Iveco, the staff have received "comprehensive" training on alternative drives and new energies.

In future, the employees will work closely with the other Iveco Bus research facilities - especially for validation tests that are not carried out in Vysoké Mýto. Heating systems and electronics are tested at the French site in Vénissieux, for example, while the Turin center specializes in durability tests. The combination of the locations should help in the development of new bus models. "The new prototype and test center in Vysoké Mýto is of strategic importance for the development of future vehicle models with state-of-the-art technology, regardless of the drive energy," says David Kříž, Managing Director of Iveco Czech Republic.

The test center is located at a large Iveco Bus site. Vysoké Mýto is where Iveco Bus builds the Crossway and Evadys series models. Most of the vehicles are exported.

https://www.electrive.net/2025/06/10/neues-iveco-testzentrum-in-tschechien-eroeffnet/

$IVG (-0,41 %)

My dears, Nikola lives on at Iveco.

Hylane now has three new Iveco S-eWay Fuel Cell FC tractor units in its fleet. The three 44-tonne trucks from a small series by Iveco join Hylane's existing H2 rental fleet, which now numbers around 100 vehicles.

By Cora Werwitzke

26.05.2025 - 15:30

At the end of February, Italian commercial vehicle manufacturer Iveco handed over two fuel cell trucks to a customer for the first time - namely the BMW Group. Now another customer is following with Hylane GmbH. The young company launched in 2021 to boost hydrogen mobility in freight transport with a "pay-per-use" model. The truck rental company now has around 100 fuel cell vehicles in its fleet - including the trio from Iveco.

About the model itself: On paper, the Iveco S-eWay Fuel Cell has a range of up to 800 kilometers, can be refueled in less than 20 minutes and can hold 70 kilograms of compressed hydrogen at 700 bar pressure. The fuel cell on board has an output of 200 kW. The electric axle of the S-eWay Fuel Cell is powered by both the fuel cell system and two centrally installed battery packs; the system output is 400 kW and the permissible total weight is 44 tons. The model is based on the battery-electric S-eWay, which has been delivered since summer 2024, offers a continuous output of 480 kW and, with nine battery packs of 82 kWh each, has a total energy content of 738 kWh. By comparison, the range of the battery version is up to 500 kilometers.

It is important to note that the roots of the fuel cell truck actually go back to 2019. At the time, the now insolvent e-truck start-up Nikola Motor from the USA had allied itself with Iveco for its European launch. However, in May 2023, Iveco announced that it would buy out all of Nikola's shares in a joint venture that had been founded in Ulm in the meantime. The Nikola Tre BEV, which was still being developed together, became the Iveco Heavy Duty BEV and finally the S-eWay series model.

The FC truck is now being produced in small series by the Italian commercial vehicle manufacturer and the first examples are being demonstrated as part of the European H2Haul project - including the trio that has now been accepted by Hylane. The H2Haul project is co-funded by the Clean Hydrogen Partnership and specifically aims to demonstrate the reliability of hydrogen-powered trucks as a viable and locally emission-free solution for European transportation needs.

Against this background, Hylane's cooperation with Iveco goes beyond the purchase of trucks. Both sides are also cooperating on service: "Hylane customers can have maintenance and repair work carried out at a number of selected and certified workshops in the IVECO service network," according to an accompanying press release.

Christian Sulser, CEO of Iveco Magirus AG, commented on the handover of the trio with the following words: "True to our multi-drive approach to decarbonizing road freight transport, we are focusing on all available technologies and fuels to offer our customers the most suitable drive system for their needs. By handing over three fuel cell-electric IVECO S-eWay tractor units to hylane, we are clearly demonstrating our commitment to driving forward the future of locally emission-free logistics in Europe."

Sara Schiffer, Managing Director of hylane, emphasizes: "With the addition of the IVECO S-eWay Fuel Cell tractor units to our fleet, we are further expanding the diversity of our vehicle range in a targeted manner." The addition of the tractor units is an important step towards meeting the strong customer demand for emission-free vehicle solutions in long-distance transport. "As one of the leading providers of zero-emission trucks in Germany, we are delighted to be able to take delivery of vehicles from series production today. We see this early delivery as an expression of confidence in our work and as an opportunity to actively shape the market ramp-up of zero-emission commercial vehicles."

Sara Schiffer explained to us in an interview some time ago how the "pay-per-use" model is intended to activate the market. We also spoke to the Hylane Managing Director about the status quo, the goals, customer acquisition and Germany's position compared to other countries. Interesting to note: Hylane still had around 40 vehicles in its fleet in May 2024 and now has around 100. A year ago, Schiffer set a target of a four-digit number - but without specifying a concrete time horizon. However, she described this target as "the next step".

Source: Information by e-mail

https://www.electrive.net/2025/05/26/neue-lkw-mit-brennstoffzelle-hylane-flottet-iveco-trio-ein/

$IVG (-0,41 %)

Iveco Group shares rose by over 3% on Friday after reports emerged of increased takeover interest in its military division Iveco Defense Vehicles (IDV).

According to media reports, Czechoslovak Group (CSG), a Czech industrial holding company, has made a preliminary offer for IDV. Sources familiar with the matter believe that this offer could exceed the €1.5 billion valuation underlying a rival bid from a joint venture between Italy's Leonardo and Germany's Rheinmetall (ETR: RHMG ).

Interest in IDV appears to be widespread. Spain's Indra and private equity firms Bain Capital and KPS Capital Partners have also reportedly made contact.

Market sentiment rose amid speculation that Indra might coordinate its efforts with the Leonardo consortium.

The bidding activity is seen as a strong endorsement of IDV's value and growth potential.

https://www.investing.com/news/stock-market-news/iveco-shares-climb-amid-bidding-war-for-defence-unit-4061543

https://bebeez.eu/2025/05/26/italys-private-equity-weekly-roundup-news-from-iveco-defence-vehicles-iveco-exor-leonardo-rheinmetall-indra-bain-capital-kps-czechoslovak-group-lisola-dei-tesori-peninsula/

$IVG (-0,41 %)
$BA. (-0,95 %)

Italy wants to replace the existing 268 BV206s with BvS10 articulated tracked vehicles. BAE Systems and Iveco Defense Vehicles (IDV) have agreed to extend their strategic cooperation for the delivery, as the companies announced on May 22. The collaboration will focus on localizing the design of Italian variants and manufacturing the BvS10, leveraging the strengths of both companies and the Italian workforce. The collaboration offers both important capabilities and national supply security.

"This partnership combines the technical expertise of both companies and ensures that the BvS10 is tailored to the needs of Italian defense," said Tommy Gustafsson-Rask, General Manager of BAE Systems Hägglunds.

Claudio Catalano, CEO of Iveco Defence Vehicles added: "With the agreement signed today, we will leverage the expertise, technological know-how and experience of IDV and BAE Systems to deliver the BvS10 to the Italian Army."

According to BAE Systems, the BvS10 armored vehicle is an articulated vehicle designed to provide comprehensive operational support where other vehicles cannot go. It is characterized by an extremely low ground pressure of 0.14 kg/cm² (less than a walking human). The vehicle's mobility systems ensure optimal maneuverability in different terrains, including snow, ice, rocks, sand or mud, as well as in steep mountainous regions. Thanks to its amphibious characteristics, the vehicle can also be used in flooded areas or coastal waters, transporting personnel and supplies to maintain strategic, tactical and operational mobility.

The modular design of the BvS10 enables configurations for different missions. BAE Systems offers variants for personnel transport, command and control, ambulance, repair and recovery, logistical support, reconnaissance and a weapon carrier with additional mortar capability. It is the perfect combination of mobility, payload and protection.

According to BAE Systems, the vehicle is currently operated by Austria, France, the Netherlands, Sweden, the United Kingdom and Ukraine. The cooperation with IDV will facilitate the adoption of this land platform by the Italian Army and ensure logistical commonality within the countries that have already opted for the BvS10. Sweden, in conjunction with Germany and the UK, has ordered 627 BvS10s in 2022 and 2023 under the name Collaborative All-Terrain Vehicle (CATV) - 367 of them for Germany - to be delivered from 2026 (ES&T reported).

Apart from the aforementioned 268 BV206s to be replaced, there is no information on the scope and date of an order for BvS10s from Italy. Accordingly, no information is yet available on delivery times.

Editorial team / gwh

https://esut.de/2025/05/meldungen/60000/italien-erhaelt-bvs10-von-bae-systems-und-iveco-defence-vehicles/