Putting a handle on the ETE cup now to runnith over $3 EU near term
Ran straight up for 60 days so we have a normal profit taking pullback. The chart's formed a cup and handle so we'll see the assent resume soon IMO
Mr. Fence why is this going down? It has lost about .50 cents -
It's possible a year or two down the road. I had 114,000 pre split myself but I'm still sitting on profit with 11,400 shares post split at the current SP. Book Value is almost 6 EU now. I believe we could trade for book value by the spring. This fiscal year end will be the first full year showing net annual profits since the Greek market crash 2015. Of course, Covid disrupted the SP assent last year but it's recovering from that with a vengeance lately as Greece led the way in Europe handling the Covid Pandemic while the National Bank of Greece actually increased profits at an impressive pace. If they get back on track divesting their insurance division getting back in the good Graces of the EU then we could start start talking double digit SP and forward split after trading at 30 EU or better.
Do you think if they do well it will do a forward split I had a 100,000 shares and its now down to 10,000 as they did a reverse split 1:10 a couple of years ago - do you think NBGIF will get more shares too?
What is the current Floating share count for ETE? and how do they determine the Share count in NBGIF - What we own in the states?
Yes but there's a Greek Holiday on Wednesday the 6th... https://www.tradinghours.com/markets/ase-athens/holidays
Thank you my friend
Thanks Mr. Fence Happy New Year!
Two factors the market might be missing with National Bank Of Greece Sa https://www.stockopedia.com/articles/two-factors-the-market-might-be-missing-with-national-bank-of-greece-sa-165404/
Chart Link https://m.marketscreener.com/quote/stock/NATIONAL-BANK-OF-GREECE-S-45521319/charts/
Great Thanks for the info.
We recently had the largest volume spike of the decade after Q1 Financials were released with an initial pop to a new post Covid crash high. IMO, some seriously deep pockets realized this issue is more undervalued today than when trading north of 3 Euro at the beginning of this year. Short term profit taking and weak hands have created a dip. I see sideways consolidation at this new higher low then a move to new highs as this issue has continues improving it's bottom line despite the crisis with the broader market just beginning to figure out this is a safe haven. With a book value of $5.65 and a PE ratio of 5 $ETE~ has room to move up 300% to 600% by EOY.
Mr. Fence where is this going, its trading sideways?
National Bank of Greece S A : EIB, National Bank of Greece and Piraeus Bank launch EUR 560 million agriculture investment scheme
National Bank of Greece S A : NBG Group announces the completion of the sale of Banca Romaneasca
National Bank of Greece S A : ANNOUNCEMENT - EXCHANGE OF GREEK GOVERNMENT BONDS
I believe China's investment in Greece is a hedge against US trade Tarrifs. Since they bought Athens port and have an open bid on Bank of Greece Insurance Div I can see export to Europe rising exponentially moving forward with Greek economy taking a healthy cut.
?National Bank of Greece will announce 2nd Quarter 2019 results on Thursday 29 August 2019, at 17:30, Greek time (GMT +2:00). A conference call for the presentation and discussion of the results is scheduled to follow at 18:00 on the same day.
$ETE~ Traveling with only my phone but we just bounced off the bottom of the same channel previously posted which is still in tact with the top eclipsing $2.60 EURO now. Still looking to breakout through the upside of the channel. RSI is now reset with earnings to be announced soon. Looking good here
Yep, just an $ETE~ profit taking sell off with uptrend on chart remaining fully in tact = buying op
MrFence - any idea why it dipped so low today.- Thanks in advance
I added at the dip around 1 EU so comfortably riding in the black now, $ETE~ CHEERS!
Thanks for the info provided, this may go to the 20's - I am holding on it too - there is also a Dividend forthcoming....
$ETE~ National Bank of Greece, Single day (buying) Flag Pole Volume a couple days ago (volume precedes price) eclipsing the largest single day volume of and since the crash over 5 years ago.
Recent earnings the best in a decade IMO
Also lots of good news since last December starting with the Jumbo loan to rebuild Athens International Airport, the sale of the Egyptian branches and another recent huge loan to electric company should keep earning, and profits way over estimates for the balance of the year IMO.
I'm holding for book value minimum $5.50ish...
ETE Long & Strong
Hi Chris, I thought the earnings were on 11/21? do you have any updates on this?