The “big” shareholder of Ethniki, who’s “pressuring” Mr Jumbo and a letter about Folli Follie – Financial Mail – 2024-06-16 16:05:56

· The enormous – shareholder of Ethniki… is getting greater.

· The explanation for Capital Group.

· One of many world’s largest “traders” with 2.6 trillion belongings beneath administration. greenback

· Within the current placement of Ethniki, it acquired simply over 5% of the Greek financial institution.

· Capital Group CEO Mike Gitlin not too long ago made one other optimistic assertion.

· “Europe and Asia,” he stated, “are completely important funding areas for the longer term.”

· He even revealed the brand new instructions to 9,000 workers.

· In addition they need the fund to intention to extend AUM to 4 trillion. {dollars} within the coming years.

· Are you saying that Greece must also be in her plans?

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How did the market “learn” Mitsotakis’s statements in regards to the placement in Nationwide

· The state of affairs of the location of 18% of Nationwide Financial institution for the autumn didn’t shock the market.

· The HFSF appears to be ready for the optimum timing for its implementation.

In spite of everything, solely this proportion holds in a systemic financial institution,

· Plus the speed at Attica Financial institution, the place in fact the situations are utterly completely different.

· It’s cheap for the HFSF to think about that the attractiveness of the sector stays excessive.

· Particularly after the approval of the distribution of dividends by the European authorities.

· This was additionally confirmed by the overseas analysts who commented on the distribution of dividends.

· They even stated of their analyzes that an replace of the steering is predicted.

· They agreed that they’ll add extra worth and trigger a re-rating within the business.

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The perpetually pessimistic Mr Jumbo and the 2024 forearm

· Jumbo’s share is beneath robust strain.

· Vakaki’s firm took the lead yesterday within the “25ari” losses.

· Consequently, it closed with a 3rd consecutive bearish session.

· The explanation was the warning of the administration relating to the course of the figures. .

· Towards the backdrop of the warfare within the Center East.

· Which exacerbates issues within the provide chain.

· Jumbo’s administration famous that the market information doesn’t warrant pleasure.

· Quite the opposite, they encourage defensive methods and self-restraint choices.

· In fact, within the 5 months, the father or mother firm’s gross sales elevated by roughly 8%.

· Nevertheless, if one appears to be like on the administration’s statements on occasion… they’re all the time positively refuted!

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Company governance and bells and whistles

· There was satisfaction with the report of the Capital Market Fee on company governance.

· Nevertheless, the market added a… “however”.

· And this involved the 17 instances the place the evaluator’s conclusion is certified.

· Reservation as to the existence of fabric findings and attainable results.

· In fact, there was a dedication to progress and treatment any failures.

· Solely one of many 17 didn’t reply…

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Letter of protest from Folli Follie staff

· A letter of protest was issued by the employees at Folli Follie.

· And what else are the establishments complaining about?

· For delays within the launch of the corporate’s belongings.

· And they’re even now asking for a direct resolution.

· So as, as they are saying, to maintain the enterprise working easily.

· And to safe jobs.

· “Lastly, do not punish us and our households, as a substitute of the actual culprits,” they level out.