With this report we downgrade the shares to DON’T OWN IT on valuation grounds…to access this report contact@researchgreece.com
Jumbo – Downgrade to DOI on valuation grounds
May 31st, 2016Greece – Eurogroup Update (May 25)
May 25th, 2016Our 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
OTE: 3.8x EBITDA 2016E reflects sovereign unease
May 6th, 2016Guidance reiterated for FCFE at c.E0.5bn (12% yield); dividend outlook has not changed either; we revised our estimates only slightly for 2016E thanks to strong performance in the domestic fixed line business; reiterate DOI with a new price target at…
Greek Banks: Interest on Impaired Loans; 10 conclusions
April 26th, 2016In this RG F4T we focus on Interest Income from Impaired loans (III); in 2015, 37% of NII and 71% of recurring PPP consists of interest from impaired loans, on our estimates (4 systemic banks); excluding RG estimated 2010-2015 accumulated III from TBV …
Greece -Eurogroup Update: 3%+2%=?
April 25th, 2016Greece will have to present measures of E5.4bn/3% GDP plus a contingency package (and mechanism) with additional measures of E3.6bn/2%. It looks like the Greek government is having a hard time with ‘the negotiations’. We see two scenarios…