The “fortress” of Mytilene, whom OPAP was “jealous of” and the “golden” rent for 24 sq.m. to America – Economic Mail – 2024-02-21 23:49:52

· The share of Mytileneos has been transferred to the reserve.

· Makes sense after the impressive 2023 rally.

· There are not a few who want to register part of their earnings, if they have not already done so.

· There our sources attribute the stock’s performance since the end of January.

After all, the reasons that brought the share to the fringes of 40 euros have not disappeared.

However, for the time being it seems to hold 37 euros, although it has again lost its place in the “top five” of the top capitalizations from OTE.

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What connects OPAP with Coca Cola HBC

· The example of Coca Cola, which saw its 2023 results strengthen after the tariff adjustment, some are trying to see in OPAP as well.

· OPAP doubled the column price on its flagship Joker in December, while increasing distributed profits.

· Analysts are positive about the share, which from 14.60 euros at the beginning of December, today is over 16 euros.

· Plus that the dividend yield reaches 10%, so we are talking about a dividend of around 1.5 euros.

· The moment of truth is still late, since the results will be announced on March 13.

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Reorganization of forces for the domestic market

· In a reshuffle we learn that it is the large domestic brokerage firms.

· After the low rates of securities received by the Greek codes in the IPO of El. Venizelos, the possible combinations of offers for the placement in Piraeus are being explored.

· If the coverage exceeds 8 times, as happened with National, then the percentage that will be allocated by the HFSF in Greece will be the unknown “x” in the interest that will be expressed.

· The other unknown, ‘y’, is where the allocated funds will come from.

· If they are fresh, or if there is vesting of profits from other securities.

· In the second case there will also be a mini disturbance in the market.

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Rents are soaring in the historic center

· Rents in the wider area of ​​the historic center tend to get out of control.

· Especially for smaller merchants, who need to renew their contracts.

· And this is because the prices requested by the property owners are unprofitable.

· Many even choose to… move to other areas or even terminate their operation, since they cannot bear to carry such a burden.

· We are informed that for a ground floor store of 24 sq.m. on Amerikis Street, for the renewal of the contract, a monthly rent of 2,000 euros was requested from 900 euros.

· The merchant was eventually forced to leave the store and look elsewhere for shelter…