Intralot pushes the button, the always optimistic Patelis and the “waterloo” of Mykonos – Economic Postman – 2024-02-23 11:38:53

· Optimistic about the upgrade of the Athens Stock Exchange to the developed markets at the beginning of next year, Alexis Patelis appeared speaking on Bloomberg TV.

· However, the “news” given by the director of the prime minister’s financial office was not that…

· The news was that he recognized that there are sectors which are not sufficiently represented in the Greek stock market.

· Implying that he meant industries such as shipping and tourism.

· The two pillars of Greek business. Undeniably.

· However, Mr. Patelis emphasized that the leadership of A.A. is actively engaged in attracting the specific branches…

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The arm of Motor Oil

· Motor Oil retreated from its all-time highs, but did not trouble.

· Its profits since the beginning of the year exceed 15%, with its first support being at 26.10 euros.

· But its target is for 28.80 euros.

· Obviously the market sees the transformation of the group, with more actions in favor of RES.

· Despite the fact that he had hopes for the Elector.

· Rumors about a deal with Ellaktor were denied, but this does not mean anything in the long run.

· As we are informed…

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Coca Cola HBC and the 93-cent dividend

· The share of Coca Cola HBC returned above 29 euros today, after seven upward sessions.

· The stock appears to be correcting the excesses of concerns to the upside, with 2023 results also being the stock’s turnaround

· Plus the 93-cent dividend.

· Plus the group is expanding into Italy, increasing production lines and getting more aggressively into energy drinks.

· The €42 million investment will double the plant’s capacity once they are installed and operational by the end of 2024.

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The curtain opens on Intralot’s bond issue

· The public offer for Intralot’s bond loan of up to 130 million euros starts today.

· The yield range was set at 6-6.4% while the bond will be used to refinance part of the company’s existing borrowing.

· Intralot has 32 years of experience implementing projects for state lotteries and private concessionaires around the world.

· Operates in 39 markets on 5 continents and is one of only three companies covering the entire US state lottery market.

· It has 300,000 terminals worldwide, 186 registered patents and more than 1600 employees internationally.

· The public offer ends on Friday, February 23, 2024 at 16:00…

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Mykonos and Santorini are paying for their… mistakes

· Greek tourism once again took off.

· It even broke the 2019 receipts record, which is considered a landmark year for the industry.

· However, two islands fell short, disappointing with their performances.

· Mykonos and Santorini, the heavy artillery of our tourism product, recorded a drop in revenue.

· Hotels and restaurants showed a decline in sales. A development for many expected due to the negative publicity for their expensive prices.

· You remember the case with the golden crab legs and the outcry in the international press.

· “These two islands paid for their mistakes…”, points out meaningfully an experienced agent of the area.

· Now, all efforts are focused on the summer season, where it will be seen whether the sin became… a lesson.