Jumbo: When the Lockdown Ends
In conclusion shares are weak because of the lockdown and not on what the company can deliver thereafter…
-
-
Mytilineos New Strategy: Photovoltaic Operator
In conclusion, we believe the shares should stop for a breather. We maintain our target price at…
-
Greek Banks: GGB Swaps
Why swapping GGBs? It is the only way to M2M and book the upside (and keep on board) all or part of those GGBs classified as Held to Collect and which are amortized at cost. The alternative would be to sell them (at current – higher- prices) and re-buy them from the market. The swap…
-
Terna Energy: Mind the Gap
More usually than not equity valuation is an art. In the case of Terna Energy (TEN) it is entirely abstract. We conclude there is a valuation gap of…
-
Greek Banks: Santa Claus is Coming to Town
If Greek Banks do not believe in Santa Claus after recent developments, then no one ever will: a) on December 10, the ECB prolonged its targeted lending support (TLTRO III @ -1%) by an additional 12 months while raising the maximum amount banks can borrow (55% from 50%); b) the expanded PEPP will include E31bn…