Το χρηματιστηριακό σημειωματάριο του μικρομέτοχου – Τετάρτη 24 Ιουνίου 2020

Market Comment – Stocks ended up but off intra-day highs, due to some profit-taking midway through the session. General index ended at 676.04 points, adding 0.85% to Monday’s 670.36 points. The large-cap FTSE 25 index expanded 0.76% to 1,634.52 points.

  • The banks index grew 2.08%, with National ascending 3.36%, Alpha climbing 2.06%, Eurobank grabbing 1.59% and Piraeus improving 1.33%. Fourlis Holdings outperformed, jumping 5.53%, and Aegean Air rose 3.83%, while Jumbo parted with 3.51%.

GEK Terna rose 2.73% on news it will issue a corporate bond next Monday, and PPC earned 2.44% after a report said it is close to an unpaid power bill securitization deal. In total 65 stocks reported gains, 37 suffered losses and 21 remained unchanged. Turnover amounted to €50m, up from Monday’s €47.2m.

  • AthEx in touch with foreign exchanges in the absence of local news-flow. Note that Mytilineos and MOH trade ex-dividend today. 

¢    In the Spotlight 

Greece/Job Vacancies: Job vacancies for the whole economy recorded a 23.5% decrease in the first quarter compared to the year-ago period, while they declined 11% compared to the previous quarter, data from the National Statistics Service of ELSTAT showed. Job openings amounted to 9,617 in the first quarter compared to 12,570 in the respective quarter of 2019. The number of job openings in the fourth quarter was 10,767. 

Greece/Wages Index: Wage growth index firmed 1.6% y-o-y in the first quarter, while it rose 0.8% on a seasonally-adjusted basis, data from the National Statistics Service of ELSTAT showed. The wage index adjusted for the number of working days, recorded an increase of 2.4%, NSS said. 

GEKTERNA: GEK-Terna seeks to raise up to €500mn through a 7-year bond. Gek-Terna wil issue up to 500,000 common bearer bonds of a nominal value of 1,000 euros each. The public offer will run between June 29 and July 1, while yield range will be announced on Friday, June 26. Beta Securities acts as co-book runner. 

PPC: According to press reports, the company is to finalize the sale of €300mn bad receivables (due up to 60 days) to JPMorgan out of a total of €2.7bn outstanding clientele payments. Another securitization of €300-€500mn od plus 90days delays is also in the cards for September. 

LAMDA DEVELOPMENT: BOD convened and decided the issue of a corporate bond loan that will be listed on the ASE with proceeds ranging between €270mn-€320mn. 

MOH: The company trades ex FY’19 remaining gross dividend €0.80/share (net €0.76) today. 

MYTILINEOS: On June 22, the company bought 45,000 own shares at €8.0483/share and a total consideration of €362.171K. The company now controls 665,029 shares or 0.4654% of share capital. The company trades ex FY’19 gross dividend €0.361734 today (adjusted for 685,029 treasury shares, net €0.343647). Payment to be concluded on July 1. 

OTE: On June 22, the company bought 51,841 shares at €12.4921/share for a total consideration of €647.604K. OTE now controls 4,040,298 own shares or 0.859% of its share capital. 

ALPHATRUST ANDROMEDA: AGM clears €0.75 share capital return 

ALPHATRUST: AGM approves F’19 gross dividend distribution €0.1765/share (adjusted for 115,044 treasury shares). Net distribution amounts to €0.167675/share. Ex-dividend date June 25. Dividend payment July 2 

PASAL: As of today the 1,870,992 rights (PASALR) of the company are admitted to trading on the ATHEX, following the recent share capital increase carried out in the form of a rights issue. The pre-emption right’s trading period is set from June 24, 2020 to July 2, 2020, included. The start price is set at €0.6400 for every right. There is no daily ceiling/floor limit for the rights’ trading. The pre-emption right’s subscription period is set from June 24, 2020 to July 7, 2020, included. 

TERNA ENERGY: On June 22, the company bought 46,000 own shares for a total consideration of €435.43K (€9.46 avg price per share). 

BRIQ PROPERTIES: On June 22, the company bought 3,000 own shares at €1.676/share for a total consideration of €5.027K. 

Kind regards, 

Manos Chatzidakis

Head of research 

29 Alexandras Avenue

11473 Athens,Greece

Tel: +30 210 6478755/754

Fax:+30 210 6410139

Email: [email protected]