The “wells” in Alexandroupolis, Mytileneos, the firepower of “Saranti” and the “red line” of the multinationals – Economic Post – 2024-03-17 11:29:19

· High attendance graced the first day of the conference organized by City Hub Events in Alexandroupolis.

· In addition to leading ministers of the government, such as Nikos Dendias, Kostas Skrekas and Christos Staikouras, the American ambassador to Greece, George Tsounis, was also present.

· What was checked in the wells that were created on the sidelines of the conference were also of particular interest, while there were also “drinkers”…

· The focus was on the role of the Americans in the region and their ambitious plans.

· In fact, Mr. Tsunis’ report about a second FSRU caused a sensation.

· And this because it shows the intentions they have for the area and its transformation into an energy hub.

· What is certain, however, is that the Akriti city begins and acquires an unprecedented dynamism.

· Something that its citizens already feel…

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Chamaz takes matters into his own hands

· After a period of inactivity, it seems that OTE is taking matters into its own hands.

· On the fiber optic front.

· As we learn the penetration of optical fibers is not as expected.

· Users do not “queue” to upgrade their services.

· Thus, OTE, as a leader, tries to take the situation into its own hands.

· Submitted a proposal to EETT for a system of mutual discounts between providers on wholesale prices.

· That is, the providers should commit to each other for the volumes of connections that each will bring to each other’s network, depending on the areas covered by each.

· The proposal seems to be a win-win, but it must be approved by EETT.

· We asked some industry analysts and the initial reaction was positive.

· Especially for OTE, which has made relatively large investments in optical fiber.

· He must also see the benefits at some point.

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How far from high is Titan

· It may be that the results announced in the last few days have been a good reason for restructuring, but this was probably not the case in the case of Titan.

· The group announced a third consecutive year of record sales.

· Net profit more than doubled to 268.7 million, but the stock was again under pressure.

· The reason, according to some, was the dividend yield.

· For 2023, a dividend of 0.85 per share is proposed.

· Although up 42% from 2022, the 3.3% return was not liked.

· That is, a return that in a rising market can easily be found in other securities.

· However, since the beginning of the year, the stock is at +18.6%, a percentage that is not negligible.

· Even if it is far from the highs of 26.7 euros.

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Mytileneos and energy prices

· We are not used to Mytileneos not leading the market.

· Even more so when he has turned negative since the beginning of the year.

· And the 35 euros it is in have caused problems.

· Of course, no one “dare” to say a word, after the joys he gave in 2023, but from the 39.5 euros found at the end of January, the loss exceeds 4 euros per share.

· As the analysts tell us, the caution lies mainly in energy prices.

· Especially natural gas.

· Evangelos Mytileneos himself had estimates a few months ago that natural gas contracts will have an upward trend due to winter.

· Not only was it not confirmed, but today we see the price below 25 euros per MWh.

· And industry analysts don’t see them going much higher in the coming months.

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The reserves of 34 million euros of Sarantis for acquisitions

· With a two-day “rally” the Investors Day of Sarantis was prepared today.

· He left behind all 9 euros, it is at a high of more than 24 years, while the results were also satisfactory.

· The stock has been slow to move, although the group is one of the biggest beneficiaries of inflationary pressures in the economy.

· However, the listed company has set aside 34 million for possible acquisitions.

Also, for this year it has planned investments of 20 million euros, while it is investigating an export opening in Asia.

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Carlsberg pulled back, but for how long…

· Many multinationals… reconsidered and decided to take back the price increases, after the announcement of the Skrekas measures.

· After all, the risk was great.

· As the managing director of Olympic Brewery, the Greek arm of the Danish multinational Carlsberg, also admitted.

· “If you don’t make offers, you are out of the market,” he said characteristically while speaking to journalists.

· The question of course that keeps coming back is whether companies are willing to maintain the intensity of promotional actions at the same levels as today.

· And for how long.

· Because, as an experienced market player says no one can know what they will do when they start to see the burden on their financial results.

· “The final line and if it turns red is what will play a catalytic role in their decisions”, he notes meaningfully.

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Zappeio Megaro is being upgraded energetically…

· In addition to the reopening of Aigli, the management committee of Zappeion is launching the energy upgrade of the emblematic property in the center of the capital.

· However, the project worth approximately 2.5 million euros, despite having received the “green light”, is stuck in financing.

· As we are informed, the State asks the organization that manages the property to contribute money as it is considered a person under private law.

· For its part, the Commission objects that it cannot respond as it does not have the necessary resources.

· Circles of the Board of Directors of the Olympic and Endowments Committee appear optimistic that a solution will be found and the project will proceed…