absreturnchaser

4. SPD Berlin state executive (Landesvorstand) - Write to: SPD Berlin, Müllerstraße 163, 13353 Berlin. - Demand: Commit in coalition agreement that before any socialisation law (1) the framework law has been reviewed by a constitutional court,

3. Letters to SPD and Green members of Berlin House of Representatives - Find your constituency member at parlament-berlin.de. - Arguments: tenants' back payments after rent cap ruling, money for new housing instead of compensation, debt brake puts schools & daycare at risk

2. Petitions to the Bavarian and Hessian state parliaments - Bavaria: bayern.landtag.de - Hesse: hessischer-landtag.de - Demand: A Bundesrat initiative for a federal ban on socialisation and an assessment of a constitutional review (Normenkontrolle).

1. Petition to the Berlin House of Representatives - Online at parlament-berlin.de - Demand: Publish the legal opinion on Art. 23 of the Berlin constitution and an up-to-date cost estimate; no socialisation before a constitutional court ruling.

The SaaSpocalypse has led to many takeovers. One potential target that is left: Alfa Financial Software #ALFA. The core platform that banks, carmakers’ finance arms and other lenders use to run their auto and equipment finance contracts. Systems like this take years to implement

Finally stakeholders stand up against the unconstitutional plans regarding real estate in Berlin. #VNA Vonovia #DWNI Deutsche Wohnen - so what can you do against them?:

Any pods above 1bn GMV in L/S equity and event-driven out of London? DM me for discussion.

Anyone looked at the #NESF NextEnergy Solar formal sale process? DM me.

Good timing for #nesf who are running a sale process. NAV per share 73, stock at 48, divi yield almost 10%. Think 25% upside in sale reasonable.

Bottom line: highly unlikely to be implemented. Ignore sell-side headlines. Stocks like Deutsche Wohnen #DWNI $DWNI trade on a 7% net yield (not divi, but guaranteed compensation) and 0.3x BV. Great LT hold.

Sale process of #NESF launched in summer. Deal imo would be at higher NAV discount than Drax’s takeover and may include the divi. Even accounting for current yields, 60p should be achievable. $NESF

Parmenion has grown AuM and top line materially in the past years. #RVRB $RVRB River Global stock could see a 30-35% jump once Parmenion is sold.

EKF #EKF with some potential. Could be easy money for PE or a strategic.

Next takeover target and only in Europe: diagnostics group focused on testing and contract manufacturing with much of revenue coming from recurring consumables. 53% gross margin EBITDA margins of 25%. Net cash, trading on 6x 2027 EBITDA.

Potential takeover: #NESF NextEnergy Solar Fund trading on 35% discount to NAV running sale process. Reasonable 30% upside imo from here, could hear about bids soon. $NESF