[2] @17:21- Το χρηματιστηριακό σημειωματάριο του μικρομέτοχου

ΜΕ ΧΙΛΙΑ ΖΟΡΙΑ o τζίρος, ούτε καν στα 35 εκατ. ευρώ. Με τα 31% σε ΕΤΕ και ΟΤΕ και τα 16% σε ΕΥΡΩΒ και ΑΛΦΑ. Μεγάλοι πρωταγωνιστές οι ΕΥΡΩΒ, ΔΕΗ, ΜΥΤΙΛ, ΑΡΑΙΓ και ΒΙΟΧΑΛΚΟ. Ξεχώρισαν ιδιαίτερα και οι Profile, ΚΡΙ ΚΡΙ, ΕΛΧΑ, CENERGY.

SPREADS – ΜΙΑ ΧΑΡΑ ΤΑ ΠΑΜΕ

ΧΩΡΑ ΑΠΟΔΟΣΗ % Spread vs BUND
ΕΛΛΑΔΑ 1,98 +2,48
ΠΟΡΤΟΓΑΛΙΑ 0,85 +1,35
ΙΣΠΑΝΙΑ 0,81 +1,31
ΙΤΑΛΙΑ 1,78 +2,28
  • ΜΕ ΤΗΝ ΜΕΓΑΛΥΤΕΡΗ ΑΠΟΤΙΜΗΣΗ

DAX: Την Παρασκευή και σήμερα ΥΠΕΡ-κάλυψε τις μεγάλες απώλειες του προηγηθέντος 4ημέρου. με άνοδο 5,7% και επαναφορά στα επίπεδα άνω των 11.000 μονάδων. Και γ@@’ώ τους χάρακες δηλ. Αφού το έλεγαν… Αν δεν πέσει από τις τόσες, τότε θα πάει στις τόσες μονάδες. Μεγαλεία, δεν ξέρουν που να βάλουν τα κέρδη οι χαρακόβιοι. Πλούτος παντού… Δώσε και μένα μπάρμπα!!

  • ΜΕ ΤΗΝ ΜΕΓΑΛΥΤΕΡΗ ΠΤΩΣΗ

WALL STREET: Ξέρετε τι έκαναν για πολλοστή φορά στα σορτάκια;; Δεν μπορούμε να το γράψουμε…

ΞΕΚΙΝΑ ΑΥΡΙΟ ΤΟ SHORT στην… αγορούλα μας, άντε μπας και ζωντανέψει…

ΙΑΣΩ – 2019 – ΔΕΝ ΤΑ ΠΗΓΑΜΕ ΚΑΛΑ

  • ΜΕ ΤΗΝ ΜΕΓΑΛΥΤΕΡΗ ΑΝΟΔΟ

ΔΙΑΒΑΣΑΜΕ: Με σταθερές τις δαπάνες – κόστος δημοσίου – το λούκι που περάσαμε με τους συριζοΣταλινικους θα είναι παιδική χαρά μπροστά στην οικονομική Χιροσίμα που δημιουργείται. Λεφτά από την ΕΕ με το σταγονόμετρο και η μόνη λύση άγρια φορολογία, 2πλάσια από αυτήν του καταληψία.

ΑΝΑΚΟΙΝΩΣΗ – ΛΑΜΔΑ: H εταιρεία «Lamda Development S.A.» σε συνέχεια της από 2.4.2020 ανακοίνωσης της για το Οικονομικό Ημερολόγιο 2020, σύμφωνα με τις διατάξεις των παραγράφων 4.1.2 & 4.1.3.15.1 του Κανονισμού του Χρηματιστηρίου Αθηνών, ανακοινώνει την αναβολή της  ημερομηνίας διεξαγωγής της Ετήσιας Ενημέρωσης των Αναλυτών και των Θεσμικών Επενδυτών, που είχε ορισθεί για την 20η Μαΐου 2020. Η Εταιρεία θα ενημερώσει έγκαιρα το επενδυτικό κοινό για τη νέα ημερομηνία.

ΕΞΑΙΡΕΤΙΚΟ το 2019 ΓΙΑ ΤΗΝ ΜΥΛΟΙ ΚΕΠΕΝΟΥ 

  • Στο -10% αύριο η μετοχή θα την πάνε οι ελληνάρες, αφού δεν έβγαλε ζημιές και δεν κανει και κομμάτια… Γι αυτό και ρήμαξαν τους κωδικούς τους… Μεγαλοπιάνονταν βλέπετε…
  • Πολύ καλοί έως εξαιρετικοί οι χρηματοοικονομικοί δείκτες.

 

___________________________________

[1] Το χρηματιστηριακό σημειωματάριο του μικρομέτοχου (18-05-2020)

Daily Monitor 18-05-2020

  • International sentiment renews optimism while the lift of restrictive measures in various economic sectors also provide support for a positive session.

Agenda: Aegean Conference Call; Iaso Kepenos Mills FY:19 results.

Macros 

Greece/Economy: Greece is gradually lifting quarantine restrictions; organized beaches opened Saturday, amid a heatwave, and churches opened Sunday. On Monday, residents will be allowed to travel freely in the mainland and to and from the two largest islands Crete and Evia. Businesses such as malls and shopping centers, zoos and archaeological sites will also reopen Monday, as well as sports facilities for those over 13.

  • In all cases, social distancing rules will be enforced and wearing masks is strongly recommended, but not mandatory, as it is in public transport. Middle- and high-school pupils (grades 7-11) will return to school Monday, May 18. On Monday, May 25, bars, cafes and restaurants will be allowed to serve clients on the premises, with patrons limited to 6 per table, except for families with children.

Greece/Budget Execution: State budget posted a primary surplus of €1.5bn in the January-April period, exceeding the target which is for €783mn in surplus, despite the lockdown impact and the state’s support measures which included deferral of tax payments. Still, Alternate Finance Minister Skylakakis warned that there is no room for “complacency” as impact of the lockdown measures will be fully felt in May and June due to the time lag effect between the real economy events and the tax revenues course. Preliminary data on a modified cash basis released by the Finance showed that state net revenues underperformed the target by 8.7% or €1.34bn, amounting to €14.1bn.

  • Ordinary revenues, which exclude receipts from social security organizations and local governments, underperformed the target by €1.2bn, amounting to €15.4bn. The Ministry said April net revenues fell short of the target by €1.18bn on COVID-19- related expenses but also on the early payments of Bank of Greece’s dividend and the transfer of SMP/ANFA profits. ‘The real reduction of the net revenues in April stood at €399mn compared to the monthly target,” the Ministry said. Public Investment Budget revenues stood at €1.3bn, €153mn above the budgeted target, while state spending amounted to €18.2bn, €1bn above target, due to COVID-19 related payments.

Greece/Banking Sector: Greek banks’ dependence on Eurosystem funding, entirely though Long-term Refinancing Operations rose by €9.2bn m-o-m in April to €21.5bn, ECB data showed. Greek banks’ reliance on Eurosystem funding was €12.35bn in March and €7.6bn in February.

Corporate 

Aegean Air: Top Management of Aegean will hold a conference call today to update on recent developments regarding its operation and give a briefing on current developments.

Note that Aegean announced that it will take the first step in increasing flight frequencies from May 18th to Heraklion, Chania, Thessaloniki, Alexandroupolis and then from May 25th  to Rhodes, Corfu, Mytilene, Chios, Samos and the rest of the destinations of the internal network, according to a relevant announcement. Also, gradually until the end of May, it will proceed with the resumption of flights to some key European destinations.

  • Specifically, it plans to resume flights from Athens to Munich, Zurich, Frankfurt and Geneva in May, with a low frequency at first. At the same time, it will increase flights to Brussels, the only foreign destination that has not been suspended so far. Aegean intends to gradually and carefully restore its network, with full respect for the national effort to control the COVID-19 crisis. For this reason, it is in cooperation with the competent authorities, to contribute to the formation of health protocols, with the priority of course the health and safety of both passengers and crews.

Conference call details (18/05, 17:30 Greek time / 15:30 UK time)

  • GR: + 30 211 180 2000 or + 30 210 94 60 800
  • UK + 44 (0) 800 368 1063
  • US +1 516 447 5632

Eurobank: Eurobank said it applied for opting into Hercules Asset Protection Scheme of the third securitization, Cairo III concerning the provision of a guarantee on senior notes amounting to €754mn. Eurobank has also applied for opting into Hercules APS of the Cairo I and Cairo II securitizations concerning senior notes worth a total of €1.655bn.

PPC: The union of Public Power Corporation workers (GENOP/DEH) has accepted a proposal from the utility’s management regarding redundancy incentives for employees with full pension rights working at the West Macedonia Lignite Center and the subsidiaries Meliti Lignite and Megalopoli Lignite that are being prepared for privatization. The proposal provides that besides the normal severance pay of 15,000 euros, an extra bonus of €20,000 per person will be offered. The previous Public Power Corporation management had offered a bonus of €10,000 per person, so either the financial status of PPC has improved considerably to allow for the doubling of the bonus, or the management has decided it is worth paying them double to see certain workers go.

OTE: OTE implement two new voluntary redundancy programs at the end of the month. The programs concern more than 400 employees across the various departments and subsidiaries of the group and will cost a total of €55mn, or about €130,000 per departing employee on average. The first program includes 230 workers close to retirement, while the second concerns another 200 who are not approaching retirement but who will be offered an attractive package in order to leave their job. The packages will range between 20 and 48 monthly salaries, depending on their years of service.

BRIQ PROPERTIES: On May 14, the company bought 4,200 own shares at €1.664/share for a total consideration of €6.987K. 

Terna Energy: On May 14, the company bought 13,735 own shares for a total consideration of €117.149K (€8.5292 avg price per share).

Fourlis: On May 14, the company bought 6,720 own shares at €3.3448/share for a total consideration of €22.477K. Fourlis now possesses 301,892 own shares or 0.5805% of share capital.

B&F: On My 14, the company bought back 44 own bonds at €825/bond for a tola consideration of €36.3K. B&F now owns 5.1% of the bond issue (1,235 bonds).

IASO: The company will announce FY 2019 results today after market close.

Other Results:

LOULIS

2018

2019

Y-o-Y

EUR thous.

FY

FY

(%)

Sales

97,726

107,732

10.2% 

EBITDA

9,297

10,149

9.2% 

EBITDA Mrg

9.5% 

9.4% 

-9 bps 

Net Income

1,261

3,018

139.3% 

Net Mrg

1.3% 

2.8% 

+151 bps 

 

AthEx Calendar – Upcoming General Meetings

25/05 Elvalhalcor AGM, Dividend €0.03

26/05 Viohalco: AGM

27/05 Jumbo AGM, AUDIOVISUAL EGM change of corporate id

29/05 Intralot, AGM HELEX, AGM,

02/06 Dromeas AGM

04/04: Attica Bank AGM, Mytilineos AGM

10/06: Loulis Mills AGM

16/06 Cretan Plastics AGM

17/06 Elton Chemicals

18/06 Lavipharm AGM

19/06 Thessaloniki Water AGM

24/06 Hellenic Petroleum AGM

25/06 BYTE AGM, Sidma AGM, PPA AGM, PPC AGM

26/06 Ellaktor AGM, Athens Water AGM, Flecopack AGM, Forthnet AGM, Motodynamics AGM, Quest Holdings AGM

27/06 Jumbo AGM Dividend €0.062, Paperpack AGM

29/06 Petropoulos AGM Intralot AGM

30/06 Intercontinental REIC, HAIDEMENOS AGM

07/07 KRI – KRI AGM

15/07 Thrace Plastics

16/07 IPTO AGM

17/07 Motor oil AGM

27/07 Varvaressos AGM

30/07 Trastor AGM

01/09 ANEK AGM 

Results Announcements

19/05   Fourlis Q1:20 | 20/05 Conf Call

22/05   Thesalloniki Water FY:19, Cretan Plastics FY:19

26/05   Athens Exchange Q1:20

28/05   Lamda Development Q1:20 NBG Q1:20

29/05   BYTE FY:19, Eurobank Q1:20

09/06   Quest Q1:20

30/05    Athens Water FY:19

30/06   Athens Medical FY:19

Kind Regards, 

Manos Chatzidakis – Head of Research 

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29 Alexandras Avenue 11473 Athens,Greece Tel: +30 210 6478955 Fax:+30 210 6410139 Email:  [email protected]