The landing of “El. Venizelos”, the “trapped” of OTE and the “theater of the absurd” with POS – Economic Postman – 2024-02-20 07:35:32

Athens International Airport appears to have entered the “runway”.

· The stock has been sliding in recent days, adding some discomfort to the already negative sentiment that existed among retail investors who received very few blocks in the recent IPO.

· Apparently, as we are informed, the title is going through a period of adjustment.

· Many portfolios that received negligible chunks are leaving, with incumbents looking to pick them up close to the IPO price.

· Namely at 8.20 euros.

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The “trapped” of OTE’s 14 euros…

· OTE has gained almost one euro since the February 8 meeting, when it traded more than 1.3 million units.

· From 12.86 euros, it seems that the Organization showed itself to react and even manage the sell orders of several trapped people who entered as soon as the share lost 14 euros.

· Important announcements are expected in a few days.

· On February 22, the 2023 results will be announced, which will reportedly be significantly better than last year.

Also, the management is expected to announce a dividend of 0.70-0.72 euros, i.e. net between 0.65-0.70 euros per share.

… and the serial of a sale

· On OTE’s other burning issue, the sale of Telekom Mobile Romania, the market may have to wait several more months.

· The Romanian Competition Commission wants to know the source of the money for the possible acquisition of Telekom Mobile by Quantum Projects.

· A company controlled by Adrian Tomsa, of the Clever Media group.

· And this because he wants to have at least 4 providers in the market in question, in order to avoid concentration.

· He has also requested the business plan in order to ascertain the ability of the investor to ensure the functioning of Telekom, which is not doing well.

· The approval, we learn, has “stuck” in other Romanian institutions as national security issues have been raised.

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The “dilemma” of multinationals

· With the gun… in hand are the baby food companies awaiting the start of the new anti-accuracy measures.

· The manner in which they will be implemented and mainly their effect on consumption and on profit margins will determine whether they will appeal to Justice.

· We are informed that the legal advisors of the companies have made a positive recommendation in the appeal, arguing that the ceiling measure in particular is problematic.

And this because it conflicts with the principles of free competition…

· We await with particular interest if the companies that are mainly multinationals choose to face the government…

· And a government that politically dominates…

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“Get to zero”… for cash register to POS interface

· With a “theatre of the absurd” one can compare the situation that prevails regarding the interconnection of cash registers with POS.

· The column receives several complaints from professionals who are unable to “coordinate” with their providers in order to submit the relevant request of the interconnection.

· Some even though they have given the relevant order, are informed by AADE that their connection has not progressed. Making them “fire and fury”.

· In vain some unfortunates try to contact their providers to ask for explanations…

· The providers have disappeared and do not answer the phones, while the AADE state that they are incompetent for advice!

· Perhaps the only way they have is to file a complaint so that they can ask for… the change in the unlikely event that they are fined.

· Sources in the know point out that the Ministry of Finance is aware of the situation that has developed