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Today Last 10mins it sold 500 thousand equitys
no doubt, short seller is there
Greece Capitial Control Announced
https://greece.greekreporter.com/2018/09/26/greece-lifts-capital-controls-for-domestic-transactions/
Greece Capitial Control will End
As the news said, the Greece Gov will announce the capitial control will end before this year end or next year first season end.
All good news but Greece stock still low
someone is short selling..............
Greece bond yield is one year low today. it is 4.08%
All Greece bank are still falling. what do they want ??
I dont know why it keep falling.
Not only the NBG, Greece four bank also drop more 30% in this month. As their interim result, All of them has improved.
Is it the money leaving the Euro Country?? Turky Lira has stopped dropping. and Greece just have little investment in Turky. The Turky crisis should affect the Greece so deep.
US GOV will have new investment in Greece for increase the army in Greece.
Greece PM said it derease the incoming from 29% to 25% in four years.
Just one reason, Is it the money going back to US??
Anyone know? Can I check the Athex Equity Daily Transaction??
In my country, I can check it in SEC, it will securities company how many % of the equity they hold.
I have read the Press Release already
2018 Q2 is lost, but i dont know what is the item of "One-offs (VES Cost), it cost 40m.
1.
Main Data
Provisions
Q1: (120m)
Q2: (38m)
First Half of
2017: (432m)
2018: (158m)
2.
Total Asset
2017
Q1: 75.5b
Q2: 69.8b
Q3: 65.8b
Q4: 61.4b
2018
Q1: 61.5b
Q2: 62.8b
3.
Deposits
2017
Q1: 37.9b
Q2: 38.1b
Q3: 38.5b
Q4: 40.2b
2018
Q1: 40.3b
Q2: 41.2b
I still waiting their Q2 report, I want to see their cast flow.
This half year, it delisted the NBGGY and did RS today.
I think their half year result will be very good.
especially the Cash Flow.
as long term, it must be a good equity!!!
hope it can bring me from middle class to be a rich man.
If they want to issue the bonds to increase the capital, not issue new equity or do the placement, we all are safe.
If they issue convertible bonds, the company no doubt will recovery quickly, but when it recovered, they use the C/B to change to equity, our share will diluted.
I asked my equity agent
in my country R/S, we call Share Consolidation.
The worst case is:-
after R/S they will issue New Equity(Rights Issue) or do the Placement. both are dilute the existing share holder benefit.
As the Q1 Report, it must recover, but they want to kick all Small Shareholder out now. they can use the lower price to buy back all our stock. like delisting the NBGGY. when it recovered, BIG shareholder will take all beneifit.
Why the company want to do the R/S?
1. as above
2. the price is too low, it cannot meet the rule of the authoritiy.
Let's see what will they do.
Hi Mefence
Take a look of NBG 1Q Cash Flow statement
their net asset is 5.8b, and cash of end of 1Q 2018 is 4.3b.
Hello everyone, i got back my money
but the price is 0.3USD.
ETE price is 0.337 euro, if change to USD should be around 0.39
NBG they want collect our equity at low price.
Take a look EFEGY of OTC Euro Bank. It has over 52weeks high today. reach 0.6 usd
Nick, I dont know will it be 2 euro next year, I am not a god. Their people, Their PM, the inflation, every thing will affect their recovery.
but i just know they still in the bottom, and the news and the data show that they still recovering. this investment i think i will keep 5-10years
After Greece recovery I will go to UK market as they vote and agree Brexit. they pushing their country to the hell.
Do you know the news of Haiti Oxfam ?? their staff make love with the young girl. I checked the Oxfam annual report. UK gov has reduced the donation 1/3 compare with last year
when UK have many riot the umempolyment rate increase, I will find the under value company in UK.
Hello Nick
I found one website which have daily news of Greece in english.
http://greece.greekreporter.com/category/greek-news/economy/
Hello Nick
Thank you for provide the infomation.
I am buying the ETE as Athen Stock. I have 10 friends they bought NBGGY too, as introduced it to them.
I think it may rise to 5-10euro within 10 years.
Hello Tradenick
I dont know do I still have a right to covert my NBGGY to NBGIF, as I am oversea investor. I dont know less OTC Market, I just know it is more risky than NY exchange.
BNY Mellon said that when they sell all of NBGGY, they will return the money to me. the average daily volume of ETE is 30m, they have 5b share. i think it take 9 months sold all of share. I think i can take back the money more than the NBGGY closing price. as ETE:ATH is trading at 0.3 euro today.
I am very disappionted, as it has been delisted. I bought it 1 and half year ago, and my PRICE was 0.2USD, when it riase to 0.46. i had 130% return within 1year. but now..............(cry)
I am a value investor, i always read the news to find the turning point. as the Greece bank annual report, NBG is the most heathly bank in Greece, so I choose it. When Greece recover it is the easiest one to get more market share.
If you have read the news of ICELAND recovery, they are almost same. Last year Greece Country data showed that it was stop decreasing. If Greece the recovery path as same as ICELAND, their tourist industry will revoer first, as both has beautiful place to visit. but it dont have tourist company is listing in Athen. even the Aegean Airline is not a good target.
If Greece want earn more money form tourist, they must build more Hotel, Road or other facility. they must get loan from bank. the bank turnover must imporve. The tourist industry will provide the job for the Greek and imporve the umemployment rate, if the Greek get the job, It may imporve the NPL too.
hope you understand, limited english ability.
Hello, I am the Share Holder of this ADR too. as BNY Mellon (London Operation Office) told me that I cant do anything.
I will buy the ASE stock through SAXO BANK. Last year Greece Gov did two times captial easing. Greek can withdraw more money from bank now. Last X'mas Greece Gov they gave 10B Euro to 1M poor Greek. 1000euro / person for X'mas gift.
They sell airport and the port to CHINA. they doing privatelization. Their Metro Railway changed their ticketing system, before it was not automatic check in / check out. every year they lose 40-50m Euro of their railway system.
Some Tax Officer were killed in the tax evasion investigation, so their gov is acting force to anti tax evasion.
I think GREECE have bright future
hope every one understand my english, as i am not US