29/4 – Χ.Α & Markets: Πολλά εν ολίγοις και εν ολίγοις πολλά…

  • SPREADS
ΧΩΡΑ ΑΠΟΔΟΣΗ % Spread vs BUND
ΕΛΛΑΔΑ 2,17 +2,66
ΠΟΡΤΟΓΑΛΙΑ 0,96 +1,45
ΙΣΠΑΝΙΑ 0,84 +1,33
ΙΤΑΛΙΑ 1,78 +2,28

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ΤΑΜΠΛΟ: Το 20% του τζίρου στην μτχ της Eurobank που περνάει ξεκάθαρα στην αντεπίθεση. Δεν μπορεί να αποτιμάται σε… 600 εκατ. ευρώ.

ΑΛΟΥΜΥΛ: Διορθώνουμε,… ο όμιλος έχει ζημίες 2,33 εκατ. ευρώ και όχι κέρδη. Οπότε το p/e δεν υφίσταται.

ΑΠΑΝΤΗΣΗ: Καλύπτει αρκετά των ερωτημάτων σας…

  • Δεν σημαίνει, ότι αν αρκετοί τίτλοι παίρνουν “σκληρά ναρκωτικά” θα πρέπει να πάρουν υποχρεωτικά και οι υπόλοιποι.
  • ΠΑΡΑΔΕΙΓΜΑ: Αν η ΦΡΙΓΟ κάνει λ.χ 50 εκατ., η ΦΟΡΘ άλλα τόσα κλπ κλπ θα πρέπει ο ΛΥΚΟΣ π..χ. να κάνει 250 εκατ. ευρώ. ‘Αλλο τώρα αν στα 22 και στα 25 και στα 30 εκατ. είναι για γέλια η κατάσταση.

Agenda: 26 weeks T-bills auction, Attica Bank FY:19 results, Terna Energy: AGM (Stock buyback), Sunlight EGM, US Q1:20 GDP announcement, FED meeting.

PAPOUTSANIS: As of today and following the share capital decrease of the company shares of the latter are traded on the ATHEX under the new par value of €0.56 per share, and excluding the right to participate in the capital return of €0.03 per share – through a cash payment – to the shareholders of the company.

ELLAKTOR: The company will announce FY 2019 results on April 30 after market close. AGM scheduled for June 26. NO dividend for FY 2019.

Forthnet: The company confirmed talks between creditors and United Group(BC Partners) for the acquisition by the later of a majority stake in the company. 

Thessaloniki Water: FY 2019 results on May 22.AGM on June 19. Dividend ex-date July 9. Dividend payment July 16. H1 2020 results on September 4.

Intralot: The company will announce FY 2019 results on May 4th after market close.

Karelias: The company will announce FY 2019 results on April 30 after market close. AGM on June 24. Dividend ex-date June 29. Dividend payment July 6.

  • AthEx Calendar – Upcoming General Meetings

30/04 Thessaloniki Water: EGM, New BOD member

07/05 Profile: AGM, Dividend €0.025

07/05 Sarantis: AGM, Dividend €0.165

08/05 PPC: EGM, Audit Committee members

14/05 Titan: EGM

12/05 Entersoft: EGMstock split 5:1.

26/05 Viohalco: AGM

17/06 Elton Chemicals

19/06 Thessaloniki Water AGM

26/06 Flecopack AGM

23/06 PPC AGM

25/06 BYTE AGM

26/06 Ellaktor AGM

26/06 Athens Water AGM

29/06 Petropoulos AGM

30/06 Intercontinental REIC

07/07 KRI – KRI AGM

15/07 Thrace Plastics

16/07 IPTO AGM 

  • Results Announcements 

30/04 Thrace Plastics FY:19 BtO

30/04  Attica Bank FY:19 results,

30/04   Karelias FY:19

30/04    Ellaktor FY:19

04/05   Intralot FY:19

06/05   Lazaridis FY:19

07/05   Coca Cola Q1:20 trading update BtO

07/05   Mytilineos Q1:20 results update BtO

13/05   Titan Q1:20 (14/05 Conference Call)

13/05   KRI- KRI FY:19

13/05   IPTO FY:19

14/05   HTO Q1:20

22/05   Motor Oil Q1:20

22/05   Thesalloniki Water FY:19

29/05   BYTE FY:19

30/05    Athens Water FY:19

Manos Chatzidakis Head of Research 

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Buyback frenzy of recent decades will not return soon as hit to revenues limit ability to buy back but also b/c buybacks may become socially unacceptable, Bernstein says. Corp buyers have been prim source of demand for equities, so valuations unlikely to return to pre-cris levels

Εικόνα

Big Tech has become too big to fail, thanks to #coronavirus. #Amazon has been an essential service keeping households supplied during the pandemic. Alliance between #Apple and Alphabet’s #Google on contact tracing is seen as key to reopening economies. breakingviews.com/considered-vie

Εικόνα

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The rise and fall of the Fear Index VIX overlapped neatly w/ rise and fall in the number of countries w/a daily growth rate of cases of 5% or more. The virus peaked at month ago and the worst is behind us in markets, DB says.
Εικόνα
#Italy 10y risk spread over Germany jumps by 10bps after Fitch has downgraded Italy to BBB-, one notch above junk.

Εικόνα