Ethniki, the “hidden paper” of Maximos and Vakakis distributes shares at a discount – Economic Post – 2024-05-10 07:03:40

· Banks were boosted yesterday by data on new loans.

· The average interest rate rose to… 6.24% in March.

· Therefore, the gap with the new deposits opened at 5.71 units.

· That is, for new deposits the banks give an interest rate of 0.53%…

· Sad to think that inflation alone is over 2%.

· However, from the banks’ side this is positive, as they keep their interest income high, and this is also visible on the dashboard.

· We are not sure, however, whether they will achieve the credit expansion targets, which analysts have focused quite a bit on.

· May the Recovery Fund be well…

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The National Team and Maximos’ hidden card

· And since we are talking about banks… what about the National Bank?

· More than 8 euros now with an eye on placement.

· Whatever scenarios are traded here and there about the timing of the new placement, the title continues unabated higher.

· Even testifying that the developments are close.

· But as we learn it is a card that the Maximos Palace keeps to throw it when it deems it necessary.

· All scenarios are open and any that qualify are just guesses.

· This is what our sources tell us, who know very well the art of the… message.

· The aim is to “shut down” some criticisms of the prices of the disinvestment of the HFSF, since it will complete its systemic presence.

· He won’t get another chance at this level and the noen noenito…

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Vakakis gives 3% of Jumbo

· Your column was intended…

· You have no complaint… placements come and go on the ASE.

· Apostolos Vakakis took the lead, with Tanocerian Maritime, which offered 3% of Jumbo.

· Tanocerian Maritime belongs to Vakakis and gave approximately 4 million shares of Jumbo, at a price of 27.20 euros.

· The levels correspond to a 9.3% discount compared to yesterday’s (8/5) closing price.

· The transaction, which was run by Citi, will be completed today.

· For the record let’s say that through Tanocerian, Mr. Vakakis had disposed of 3.8% of Jumbo, i.e. 5.2 million shares, in 2021.

· That transaction was made for around 16 euros, and was allocated to an investor’s fund that was already placed in the company.

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Is a real estate correction coming?

· There are conflicting messages about the course of the real estate market, after the changes in the limits of the Golden Visa.

· According to official data more than 135,000 declarations for real estate transfers have been submitted to the myPROPERTY platform since the beginning of the year.

Market agents claim, however, that property transfers have begun to subside and do not resemble the frenzy of the recent past.

· Some even believe that sooner or later a correction of at least 10% will begin.

However, they make it clear that the golden visa, which significantly helped the recovery of the Greek real estate market, is not responsible for the housing crisis.

· Elsewhere, as they say, the source of evil must be sought.

· And the solution is not in restrictive measures but in the creation of new homes and the activation of properties that have remained closed for years.

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A dispute that will be decided by ELSTAT…

· Once again the trading world seems divided on the direction of the market.

· And especially with the course of sales during the Easter period.

· Some believe that the movement… took off and others that it did not live up to expectations.

· It is clear that this is a disagreement based on the perspective from which you choose to see things.

· That is, if you see the glass as half empty or half full…

· The fund, however, is the one that will judge who is right and who is wrong.

· Something that will be clearly seen in the data of ELSTAT…

· We are also waiting with interest for the official announcements of the statistical service.