2Anno
Vonovia is also one of my big positions, but the dip is understandable.
There was a capital increase, the Berlin cluster risk with the DeuWo expropriation campaign, generally rising costs for materials and tradesmen (whether construction or maintenance) which cannot be passed on to the same extent, the dangerous Adler investment and then the rising interest rate makes new buildings more difficult and the dilution through stock dividends.
So I'm not bullish at all at the moment. Yes, we always get used to it, but that's still a lot of points. Are you not critical of this?
There was a capital increase, the Berlin cluster risk with the DeuWo expropriation campaign, generally rising costs for materials and tradesmen (whether construction or maintenance) which cannot be passed on to the same extent, the dangerous Adler investment and then the rising interest rate makes new buildings more difficult and the dilution through stock dividends.
So I'm not bullish at all at the moment. Yes, we always get used to it, but that's still a lot of points. Are you not critical of this?
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2Anno
@gamlasvensk The Adler participation is small, the Berlin expropriation is rather unrealistic (I live here, in fact VONOVIA is the best landlord so far) and craftsmen's costs are relative, as they are all subcontractors of VONOVIA.
The capital increase and stock dividends are always problematic, but if the largest takes over the second largest, I think that's okay.
The capital increase and stock dividends are always problematic, but if the largest takes over the second largest, I think that's okay.
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@gamlasvensk Thank you for your critical opinion!
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2Anno
@TBStyler am also a tenant ofovia and very satisfied. But it's not just the company's own subcontractors. If there is damage in the bathroom, an external company does it, as well as renovation work when old tenants move out. And these costs cannot be passed on in full due to the current situation, the rent freeze. I'm not talking about the cost of running costs.
I voted against expropriating DeuWo myself, but it's just not clear in which direction it will go. Something will happen, which is also likely due to the red-green participation in the federal government.
And as far as I know, Vonovia holds 25% of Adler. In the Wirecard worst-case scenario, they will be written off at 0.
All in all, not so rosy in the current environment.
But still better than palantir 😅
I voted against expropriating DeuWo myself, but it's just not clear in which direction it will go. Something will happen, which is also likely due to the red-green participation in the federal government.
And as far as I know, Vonovia holds 25% of Adler. In the Wirecard worst-case scenario, they will be written off at 0.
All in all, not so rosy in the current environment.
But still better than palantir 😅
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