Moritz's Portfolio

[moritz]

I sold my Vonovia position at an approx. 4% loss. My reasoning can be found here:

Vonovia Discussions

This post describes why i sold my Vonovia position. If you have any thoughts or counterarguments, feel free to share. I considering selling Vonovia already for a while for the following reasons: Bond Covenants issues. If the value of Vonovia assets falls 26% based on Q1/23 numbers covenants might be triggered. According to the prospectus of Vonovia EMTN program under which it issues all its bonds creditors could seize assets and force sell them in order to redeem their bonds early. Inability…