17:34 Last Comment
MARKET: Geopolitical tension is growing further and affects stock markets. Hits from both Iran and the United States. There are also concerns about the artificial intelligence industry. In the United States of course, there has been a sense of high valuations. It's not just stock. All of this also affected our market. We completed five consecutive fallouts.
The whole week was with the exception of the General Index and Banking, who even suffered the most. Losses 2.62% for D.D. per week and 1.15% today and 5.74% for banking who today had a 1.64% drop. The turnover today at 317m euros.
BARY PAPERS: The meeting showed that where there were big gains, a little more were secured. «violent». In ELPE, MOH, GEKTERNA and EYDAP, shares we saw recording rally in the previous period were moved strongly downhill. BIO at -4,89%, ELHA at -3,84% and 5 at 5 falling, EYDAP at -3.69%, GEK TERNA at -3.60% and ELPE at -3.57%. In -3.42% Credia and with a weekly drop of 17.3% and MOH at -3.35%.
JUMBO: It was one of the few that stood out today. At 23.48 euros and +2.98%. Second day of climb, but it is still at very low prices and with extremely low P/E.
BANKS: National and Eurobank had the worst course of systemics at week level. 5 drop-offs for EIB and 7.55% losses per week, ALFA at -6.23%, EUROB at -6.11% and PIP at -3.35%. Better Cyprus with a weekly drop of 2.75% and Optima at -1.93%.
METLEN: Five out of five uphills here and a weekly rise of 6.87%. A total of 7 consecutive upwards.
LAMDA: At 6.28 euros and -2.71%. We don't think the column needs to comment.
IPTO: For a new development phase due to an investment programme of EUR 6 billion by the end of the decade, spoke at the general meeting earlier today, President and CEO Giannis Karabelas. As he said, the asset base will increase significantly and the long-term prospects will be strengthened. A decisive role in the implementation of the project was played by the capital increase of 530m euros of IPTO Holdings. The funds financed the 1 billion-euro increase of IPTO SA. There is now increased visibility, strong financial background and plan for the future, said Mr.Karabellas.
The general assembly with a high quorum of 75%, which the CEO described as unprecedented and said it was a vote of confidence in the company and the administration approved all issues and distribution of a dividend of about 0.02 euros per share. Also answering a shareholder question about dividend policy he said that it does not change and that all revenue coming from IPTO S.A., apart from operating costs, will go to the shareholders.
ELVALHALKOR: We repeat that coverage exceeded the amount requested by 2.74 times and ultimately raised EUR 250 million at a price of EUR 4,20 per share. We wrote more earlier. According to design, new shares will start trading on 22/7. At 13.06% a week.
CREDIABANK: Due to the increase in the weight at the end, it made more than 9 million pieces.
SPYRE HOUSE: Strong unexecuted on the buyer side and at +60%. He didn't make a big deal and if they want to get the stock back +60% and Monday. The valuation at EUR 6.2 million, compared with the same funds, is not low, but could be done with a couple of moves. On the other hand, all these years we haven't seen those moves.
MICHAEL: The fall continues. Great dive today for CPI, ELVE, AVE, SIDMA, ELSTR, KEKR, XYLK, Korde etc.A total of 17 small and medium-sized papers lost over 3%.
UAE: Well, be careful now, because we got an invitation and somehow... we heard it. On 15 September, Euronext Athens will celebrate its 150th anniversary. As a stock editor I had attended the event for 125 years in 2001. It's been 25 years of water! So enjoy life! Let's have our market.
Have a good weekend.
14:44 UPDATE
Overcover 2.74 times for ElvalHalcor
By 2,74 times ElvalHalcor’s increase was covered with the company drawing 250m euros at a price of 4,20 euros per share.
According to the company's circles, there is great satisfaction, as interest was high and foreign and domestic investors participated and the interest of the old shareholders was high. There was no mention of Viohalco's participation in order to increase the spread of the stock and improve commerciality. The company announced earlier that 59.52 million new shares would be issued.
According to design, new shares will start trading on 22/7.
13:36 UPDATE
+60% of Spyros House
Impression has caused the investment community, the one that deals with the whole dashboard, because the House of Spyros who today returned to A.A. is at +60%.
The corporate act published gives a cap of +60%, but the Main Market shares play up to 30%. The BN raised the question to Euronext Athens and according to information given by the new A.A. Regulation. states that the limits in force are not applicable in renegotiated cases; may set any other limit taking into account the duration and reason for suspension. So for the first three days he's set a 60% limit.
It is noted that the share is unenforceable at 0.22 euros 166 mm. pieces and has made a volume of 29 mm pieces. The valuation is at EUR 6.2 million.
12:11 UPDATE
Losses widened
Losses in European markets are widened, followed by the General Index and heading for a significant retreat on a weekly basis.
The G.D. is located at 2.444 units with a fall of 1.27% and a low turnover of 54m euros. Minimum shares of FTSE 25 do not subside, namely 2: Coca Cola and OTE. With the biggest losses over 3% ELPE, EYDAP and OPTIMA. High casualties for Motor Oil, GEK TERNA, ElvalHalcon and Viohalco. Just 26 shares are up and 92 are retreating.
10:41 First Comment
MARKET:
Perhaps we should better weigh the course of technology companies abroad. Not that they were low, but let's see them. The market, as well as the climate outside, is similar. Support for starting from Coca Cola, Airport, Metlen and Allwyn.
METLEN: Yesterday the stock wrote high five months and immediately the look went to open positions. So far we don't see any reduction in shorts, but the sure thing is, they probably don't make any profits. On the contrary... Now, of course, how the fund has shaped its strategy and what it may have offset its position, we do not know it. Today it started with a 0.92% rise in all 43.78 euros.
ELVALCHALKOR (answer: The law of supply and demand is clear. When demand is high the price goes up. The company drew the funds, it had over cover, but the investors wanted a fairer price and took it. It also raised 250m euros, thus printing 59.52m new shares. With new casualties at the beginning. He wrote low at 4.25 euros and then went at 4.33 euros.
CREDIABANK: According to a communication from FTSE Russell and a consequence of the expansion of diaspora due to the placement, the weighting of the indicators involved has increased since Monday's meeting. More specifically than 29.9138% increases to 46.63389% in FTSE All World, while the same increased weighting will have on FTSE MPF All World, FTSE Global Large Cap, and FTSE Emerging. So in today's closure we will probably see some moves in the stock due to rebalancing. Similar move from Euronext Athens, but with effect one day later.
OTE: 9,8 million shares were cancelled and thus increased their position in the company by shareholders, and in particular Deutsche Telekom. Unchangeable share in opening.
PRODEA: Reader asked the column for clarification regarding the company's announcement of early repayment of part of the bond. We think he's right on the loan side and the company's announcement is wrong. The confessions are not reduced as it says somewhere in the announcement but the height. With regard to the interest given as bonus, we think the announcement is correct. There may need to be a corrective update, though.
EAS: We hear there are reactions from mayors to join water companies to the company. On the other hand, the company according to what was said at the general meeting will see a turnover increase, but a profit reduction in the first two years. Well, that makes sense, because the companies need to be cleared up. Then a profitability increase is expected. However, the new tariffs will improve.
SPYRE HOUSE: Επέστρεψε μετά από ένα χρόνο απουσίας. Για να δούμε αυτή τη φορά θα καταφέρει να βελτιώσει τα νούμερά του; Γιατί της χρήσης 2025 ήταν και πάλι από διαγραφές υποχρεώσεων, λόγω ρύθμισης. Στο ξεκίνημα η μετοχή με όγκο 12 χιλ. τεμάχια πήγε στα 0,22 ευρώ και στο +60% περίπου.
ΙΛΥΔΑ: Δυνατή κίνηση στο χώρο της αυτοκίνησης ανακοίνωσε η εταιρεία μέσω της συνεργασίας με ΑCT και GVSOFT. Εκτιμάται ότι θα επενδύσει 4 εκατ. ευρώ. Θα δημιουργηθεί μία νέα, ενιαία πλατφόρμα για το σύνολο του οικοσυστήματος της αυτοκίνησης. Με άνοδο 4,9% η μετοχή.
INTRACOM: Κρατάει τα 3,10 ευρώ. Ελπίζουμε η στήριξη να λειτουργήσει και να βγάλει αντίδραση. Το έχει ξανακάνει.
ΑΤΖΕΝΤΑ ΑΓΟΡΑΣ
Γιώργος Κατικάς
georgekatikas@gmail.com
www.bankingnews.gr
Τα αναγραφόμενα στη στήλη είναι για την ενημέρωση των αναγνωστών και δεν πρέπει να θεωρηθούν ως πρόταση για αγορά ή πώληση μετοχών. Οι πληροφορίες συλλέγονται από αξιόπιστες πηγές αλλά δεν υπάρχει εξασφάλιση ότι είναι πλήρεις ή ακριβείς.
