OPAP: Dividend Suprise – Remains DOI
Our conclusion is the strong dividend yield is not risk free. OPAP will continue to look like…
-
-
Aegean Airlines downgraded to DOI
We revisit our model; we now assume any fuel related savings to be eaten away by a higher lease… Down goes our target price at E7.7 – due to limited upside potential we downgrade Aegean to DON’T OWN IT. In 2016 we model ASK +10%, and we guess-estimate the load factor and yield at …to…
-
Greece – GDP Thoughts /Back of The Envelope Calculations
Real GDP was revised downwards at -1.4% yoy (from -1.3%) marking the third consecutive deteriorating quarter. It is hard to see GDP growing by more than 1.0%-1.5% yoy post 2017 and this after private consumption (70% of GDP) stabilizes from the -new- austerity overhang; news on dividends -some brought forward to avoid the tax increase…
-
Jumbo – Downgrade to DOI on valuation grounds
With this report we downgrade the shares to DON’T OWN IT on valuation grounds…to access this report contact@researchgreece.com
-
Greece – Eurogroup Update (May 25)
Our take from last night’s Eurogroup meeting when combining many publically available sources. We feel the government’s success in convincing its European partners … to access this note contact@researchgreece.com