Dragasakis with the skins, Nineta Fix and the apartment in Herodos Attikou, the return of Aegean and Della with the hajara

By | May 17, 2023

Helloimagine a Greece on Monday morning in which Tsipras with Androulakis and Varoufakis, even with the tolerance of the KKE, will stage a government of special courts! Not what, not how, not why, just one losers government with about 140 deputies (minority, that is) to ride furries on the issue of wiretapping and defendant Mitsotakis. Can you imagine what… pleasant environment we will be in? It will be something similar for the country and its economy as the earthquakes in Turkey. I personally can’t imagine it, but having listened carefully to Androulakis in the debate and to Tsipras yesterday in the cross-channel debate, I confess that it did not occur to me anywhere categorically that the two are not thinking about it and are ruling on it. outside. Because yesterday Tsipras was clear about it… it’s not my objective, but (come on brother) it is possible that we will discuss it from Monday. In fact, some people in our plaza yesterday also found… acting prime minister with fur who is none other than Yannis Dragasakis. Chew on passports…

From Nineta to Nina, 18 million on the way

-The topic of discussion that surrounds (good) Athens is 320 m2 apartment. in Herodos Atticus which was bought for 18 million euros by the Swiss billionaire and head of the aircraft leasing company Thomas Flore. But you already know all this, so what you can add to the column is that the seller of the apartment was Arrangement of Nineta, third wife of the late Charles Fix. As for the reason for buying the apartment, it is to house her daughter Nina with him. Philip Glixburg, son of the late King Constantine. What can I say now? That these children made good marriages? What do they have as a prince? That they obviously bought it for a second residence because I hardly see them comfortable in 320 m2?

Mytilene Dual Power Agreement

– Two further development movements in the energy sector seem to be prepared according to information from the Mytileneou group. One is the agreement that the group is preparing in North America and to which Evag referred yesterday. Mytileneans talking to Bloomberg. The information indicates that the specific agreement will refer to RES in Canada. The second agreement seems to refer to the Internal market and the relevant announcements are a matter of time.

Found(?) the golden section on the Baltic Bank of the Aegean

-The bad thing about very rich people is that they change their minds easily. And when they change, they barely revise their opinion. in your case Baltic Aegean Bank the buyer is one (Telis Mystakidis) and the sellers are three (Aftonidis-Kustas-Tsakos). At the last moment the 3rd member of the group changed his mind, he doesn’t want to sell. However, Telis Mystakidis does not want to invest his money without having an absolute majority in the shares and management. After all, found (?) the golden ratio: The owner Tsakos will not sell his shares but will grant voting rights attributable to the new investor. The agreement provides that on very specific critical issues, Mr. Tsakos will retain the right of appeal. In this way, Telis Mystakidis will initially obtain an absolute majority, paying less money. A will take place immediately after capital increase for ABB to move into the new season.

Ahead marijuana (end of the year)

– Towards the end of the year it is estimated that they will make their appearance on the Greek market first medicinal cannabis preparations. The distribution of prescription preparations has been carried out by Lavipharm and Pharmaserve-Lilly. Both companies will distribute Tikun Products (from the Corinto unit) that will bear the brand of each pharmacy. Lavipharm is already training staff to support sales and expects a significant increase in volumes as medical cannabis formulations have significant profit margins.

The current one left EYATH

-HE Thessaloniki water supply and sewerage company on the Stock Exchange is worth 120 million euros. Its balance sheet shows a Net Equity of 177.42 million, available cash of 71.48 million and zero debt. EYATH’s book value is close to 4.9 euros, but on the stock market it is struggling close to 3.5 euros. The Company announced the financial results for 2022 with a decrease in turnover to 71 million euros (from 73.6 million) -due to a decrease in household consumption- and an extremely high cost of sales of 66.3 million (from 50.5). The obvious result: Loss 4.2 million profit 15.7 million after tax bottom line (net) loss 3.99 profit 11.3 million Management attributes the loss to extremely high electricity costs at €30.9 million (of 17 .2 million in 2021 -almost double- incur the expenses of the listed company. In addition, the administration proceeded with investments of 14.7 out of 9.2 million (60% increase). Meanwhile, the investing public responds to these figures with abstinence. Minimal trading on the board and no investment interest.

Meeting of two worlds in the Shipyards

-Tomorrow at the Elefsina Shipyards there will be a meeting of two worlds. HE ONEX sign with her american cisco the agreement on the digital transformation of shipyards while the Attica Metal Association and Shipowners Union they have announced for tomorrow strike as Rizospastis informs us “for safety and health at work, the application of the Local Collective Bargaining Agreement, salary and the right to work”.

Aegean returned to pre-covid levels in AH

-The 8 euros that Aegean got yesterday at the closing (for the second time since last April) return stock to pre-coronavirus levels. Fueled by strong first-quarter results, despite traditionally being the weakest seasonally, the company’s shares are now up +51% year-to-date. Apart from the significant reduction in losses after taxes (14.4 million, from 38.5 million in the first quarter of 2022 and 35.2 million in the first quarter of 2019), it is very important that in the first quarter of 2023 the Aegean had a strong cash flow network (138.6 million), also a result of the high pre-sales of the summer season. You understand what is happening in Greece in the summer.

Fourlis results and the new CEO

-On Monday (the day before yesterday), you officially took office and on Tuesday announced the results of the first quarter, the new CEO of Fourlis AE Participations Dimitris Valachis. Valachis came to Fourlis after a long… marine experience at Andromeda Seafood Ltd, which had taken over SELONTA and NIREA. The market still has doubts about them. reasons for the departure of Apostolos Petalas after 17 years as CEO of Fourlis.

HelleniQ Energy and refining margins

– He quarterly results that HelleniQ Energy will announce tomorrow compare with last year’s particularly poor results from… ELPE for the first quarter of 2022 which left a a small profit of around 4 million euros. This year the start is very strong, profitability exceeds 230 million euros and is mainly due to refining margins given that domestic consumption of diesel for heating pretty low this year for the warm winter.

Coverage: Vodafone’s Della… Vgale got the hajara

-The big news in European telecommunications is, of course, the staff cuts announced by CEO of the Vodafone Group, Margherita Della Valle, within the framework of the actions undertaken for the recovery of the group. The Italian CEO announced that about 11,000 jobs will be eliminated throughout the group in the next three years, the largest in Vodafone’s history, which currently employs some 90,000 workers. The announcements were made in the context of yesterday’s release of the Group’s financial results, which remained under pressure due to poor performance in Germany and rising energy costs. These are not the first cuts made in the group after the takeover of Della Valle at the beginning of the year (it has been in the group for almost 30 years, starting with the marketing of Vodafone Italia), since the previous cuts were made in group headquarters, while the target of €1 billion in cost cuts by 2026 remains unchanged. She herself spoke of one extensive reorganization plan which in a first phase focuses on improving the image in Germany (Vodafone’s largest market), while considering the partial or total sale of the activities in Spain. Greece was not mentioned, while the company here claims that the Greek subsidiary is not affected (SS column believes that the subsidiary in Greece is currently saved by its small size). Della Valle says he will focus on the group’s strengths, but also on the company’s strong brand, however, speaking to analysts, he made it clear that Vodafone needs to change but the company will take time. The main problem is how telecoms currently have one of the lowest ratios of return on equity in Europe, while very important investments are required (5G, fiber optics, etc.) and all this in an environment of high inflation and fierce competition among market agents.

AegeanEVATHElefsina Shipyardsmedical cannabisMytilene GroupdarkroomAegean Baltic BankHelleniq Energylosers governmentDimitris ValachiMargherita Della Valle

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