Historically… the stock market is volatile, the time for the write-offs is running out, what were the industrialists doing in the National Gallery and what will happen with the fee in favor of ERT? – Financial Postman –

Incredible things happened yesterday with Attica Bank stock.

The stock opened at €0.5240 (adjusted after the 100:1 reverse split) and 99 minutes later it was trading at €20 and in suspended trading (12:09pm).

The suspension lasted until 16:00, when the trading resumed, continuing the roller coaster, with the share finally closing at 7.02 euros.

The display of the stock was clearly problematic, with the bank’s capitalization showing… up to 32.3 billion euros!

Finally, it was kept at 3.7 billion, i.e. higher than that of Alpha Bank.

1,455 pieces were traded, with a turnover of 16,190 euros, which means an average price of 10.90 euros.

Of course, not everything happened around this price, but what makes a big impression is that 440 pieces were traded, through 36 orders, at the price of 20 euros!

The difficult equation

The column had warned that Attica Bank’s capital increase equation is difficult and had recommended caution and necessarily consultation with certified market professionals.

In fact, as I was informed, the Capital Market Commission contacted brokerage firms yesterday to confirm the orders that were being given.

The stock exchanges in turn contacted investors, especially retail, but no clue… was found. After all, self-managed platforms are at the discretion of the individual investor.

There have also been some leaks that the authorities will be asked for information about the codes that made the transactions, 109 the number, but nothing is certain yet. After all, both the volume and the free trade do not indicate anything sinister, other than the inability to understand some.

After all, the total number of shares has been reduced to 530 thousand shares, after the reverse split, making the share price more vulnerable to bets.

The problem of information

However, beyond the details of the specific case, the incident once again brought to the fore the problem that exists with the announcements of listed companies.

I won’t hide from you that I have had to consult more than 3 professionals to understand what the… author of some announcements is trying to say, making it difficult for the general public to assess the ramifications of each decision.

Perhaps there should be a re-evaluation of the form that exists for certain announcements, especially those that directly and decisively affect a stock’s prices.

No and nothing else, we also expect foreign investors if we upgrade to the developed markets…

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Which listed companies are at risk of deletion

Three other listed companies, in addition to Trastor, face the risk of delisting.

According to Trastor’s internal analysis, this is about Karelia Tobacco, Alpha Real Estate Servicers and BIS, which have a Free Float below 10% and according to the new regulation of the Stock Exchange… are on fire.

Tasos Kazinos, CEO of Trastor, speaking yesterday at the Executive Breakfast of the Prodexpo conference, moderated by OT journalist Dino Siomopoulos, said that there are also about 29 companies that will be transferred to the Surveillance Category if they do not increase their free float.

Of these 4 or 5 are real estate related companies.

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A matter of culture…

One of the greatest challenges of a politician is to change a practice that has been nurtured for over a generation.

Even worse, a practice that, despite its temporary benefits, is seriously harmful in the long run.

One of them is the issue of district heating in the Kozani area.

As the facts have changed and the debt problem has totaled the not inconsiderable amount of 130 million euros, Minister Skylakakis tried to solve this Gordian bond.

And he solved it, apparently, with the deal that the residents might not like very much, but it shows a way out of the… impasse.

The end of a “social policy”

For those who do not know, district heating ensures the heating of homes through a hot water network produced mainly by the existing PPC lignite units.

But these are gradually being phased out.

So what did Mr. Skylakakis achieve, with the clear contribution of the head of PPC, G. Stassis?

Pay off the debts to PPC, have two years of hot water production from the existing lignite and build a cogeneration unit for electricity and heat from PPC with natural gas (and hydrogen in the future).

All of this would of course have been avoided if the Kozani region had followed the prudent policy of Amyntaios…

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What will happen to the fee in favor of ERT?

And since we’re talking about electricity bills, I’m following with particular interest the thoughts on how the fees for the financing of renewable sources (ETMEAR) and the electrification of the islands (YKO) will come out of them.

But I don’t hear anything about the end in favor of ERT.

He continues on the bills, with or without an energy crisis, and huge issues with unpaid bills.

I remind you that ERT does not have a collection mechanism. It depends on the energy companies, which settle the debts, even with delays of years.

In any case, we say to lighten the electricity bill, but to put everything on the table…

Let the parliamentarians of the ND ask that

I suggest that the question in question be raised by the “willing” government MPs.

Let them put it on the agenda, at least, of the questions they are preparing. Because they are preparing, with a “core” of the 11 deputies who “raised” the issue of auctions a short time ago.

Perhaps… coincidentally, I learn that this “group” will also raise the Greek-Turkish issue, coming out a little more… to the right of Kyriakos Mitsotakis.

Who, of course, hastened from Brussels to show his determination on immigration, last week.

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The new production model

However, Prime Minister Kyriakos Mitsotakis continues to play the theoretically strong card of his government.

And I’m talking about the economy.

And because he and his government received a lot of complaints about the issues of investment and industry, he hastened to “attend” the event of Development Minister Takis Theodorikakos on the new production model.

The businessmen

In the auditorium of the National Gallery, not a pin was dropped by the guests… So much so that the journalists stayed outside and watched the Theodorikakos presentation and the Mitsotakis speech on YouTube.

The applause received by both was equal to four times during the approximately one hour of the event.

Among those who gave it were many businessmen. I was able to distinguish, as after the end of the presentation they hurried to run away, the following: Spyros Theodoropoulos (SEB), Ioannis Giotis, (SEBT), Theodoros Tryfon (PEF), Evangelos Mytilinaios (Metlen), Nikos Emmanoulidis (Nestle), Thanasis Papanikolaou (Vivartia), Nikos Karamouzis (SMERC), Christian Hatziminas (EFA Group), Yannis Masoutis (KEEE), Sofia Kounenaki Efraimoglou (EBEA).

I also singled out the governor of the Bank of Greece Giannis Stournaras, the former prime minister Loukas Papademos and the candidate for president of the EBEA Giannis Bratakos.