The landing of “El. Venizelos”, the “ammunition” of the Aegean, the windswept heights and the “Moicans” of Athens – Economic Post – 2024-04-18 14:01:28

• After some effort, Athens International Airport stopped its six-day falling streak.
• Perhaps the stock that has angered most people in the market.
• After reaching 9.56 euros on its first day of trading on February 7, the follow-up was disappointing.
• It had only 16 bull sessions in its short life.
• And the “bullion” of European IPOs, which was written about so much in the international press, is at least struggling not to lose its listing price.
• Although it was also found at 8.11 euros.
• And all this while El. Venizelos records the highest performance in his history.
• For the first time in March, passenger traffic exceeded 2 million passengers!
• In the first quarter of the year, passenger traffic registered an increase of 16.5%.

—————

The “take-off” of Aegean at 20 euros

• The column has long argued that Aegean’s case suggests an understatement.
• The issue of aircraft is not negligible, but sooner or later the administration will find a way to be close to its goals.
• So, after the stock “landed” in the area of ​​11.50 euros, relief came.
• The listed company will invest in four aircraft of a “specially configured”, upgraded, version of the A321neo.
• They will be able to fly longer ranges, in fact.
• Outside the EU, mainly in the south but also in the south-east of Greece.
• That is, towards Asia, but also Central Africa.
• Thus, a total of 28 neo aircraft have already been delivered to date, while another 22 are to be received in the period 2024‑2028.
• Without taking into account the special agreements with other airlines for the loan of aircraft.
• It is therefore no coincidence that the target prices given by analysts exceed 15 euros and even reach 20.
• At the top end, almost… double.

—————

Who keep the market of the historic center “alive”?

• The merchants of Athens are quite numb lately.
• March, of course, is traditionally one of the months with the lowest traffic.
• The second worst month of the year is September…
• Consumers appear quite hesitant in their purchases due to the pressure on their disposable income.
• The only ones who could fill the gap, and make up for the losses, are the tourists.
• Which overwhelm the historic center and not only…
• A trader who operates in the central part of Ermou told us that at the moment there are many Israelis and also Central Europeans.
• The constant question of course is how much money they will spend…

—————-

The heights of buildings and other stories about wild…

• We asked for the opinion of an experienced and quite successful real estate agent on the “bane” raised by the Municipalities regarding the heights of the buildings.
• Who thinks he is right and who is wrong. And finally, how much does all this affect the willingness of foreigners to invest in Greece?
• Although he refrained from getting to the point and taking a position, he told us that in any case the signal being broadcast in all directions is not the best for the country’s image.
• It is the responsibility of the State to ensure that the laws it passes are implemented. Only in this way will there be legal certainty.
• “Licences cannot be overturned overnight. No serious investor can proceed if he feels insecure about his investment,” he states meaningfully.
• And he concludes by saying that it would be good for the laws to go from the beginning to the competent supreme court (either the Supreme Court or the Supreme Court) and be judged definitively and irrevocably.
• And of course…

—————

The “generous” Mr Jumbo

• Jumbo’s profits finally moved above 1 billion.
• Your column predicted… And the dividend that the listed company will give will be 1 euro.
• Plus the 0.60 euro he decided in March, as an emergency. And as we learn it will give more. Over 45% of her profits.
• After all, in the previous twelve months it distributed dividends of 2.947 euros/share. management has said so.
• Both sales and profit margins are strong. But there is one more variable.
• The uncertainty of war in the Middle East.
• So management left open the possibility of revising its full-year 2024 estimates with the April sales announcement.
• It is also the Easter season this month.