tommy271
Forumer storico
Grazie Tommy. Per ora preferisco stare sulle corte, poi vediamo
Mi raccomando, non eccediamo con l'esposizione ...
La Grecia ci può stare bene con la parte di portafoglio dedicata agli investimenti a rischio.
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
- Creatore Discussione Imark
- Data di Inizio
- Stato
Mi raccomando, non eccediamo con l'esposizione ...
La Grecia ci può stare bene con la parte di portafoglio dedicata agli investimenti a rischio.
charlie84
Nuovo forumer
tommy271
Forumer storico
Si intendevo per uno switch non per un incremento
Ciao Charlie, la mia è una raccomandazione generica.
Rivolta a chi magari ci legge, ma non è troppo cosciente del livello di volatilità (e rischio) di questi titoli.
Anche se dopo tutti questi mesi parrebbe un pò improbabile...
tommy271
Forumer storico
Fitch Cuts OTE To ΄BBB-΄; Outlook Stable
Fitch Ratings has downgraded Hellenic Telecommunications Organization S.A.΄s (OTE) Long-term foreign currency Issuer Default Rating (IDR) to ΄BBB-΄ from ΄BBB΄. Fitch has also downgraded OTE PLC΄s senior unsecured rating to ΄BBB-΄ from ΄BBB΄. The Outlook for the Long-term foreign currency IDR is Stable.
As the firm said, the downgrade reflects the continuing reduction in OTE΄s revenue and EBITDA margin, as evidenced by weak Q310 results, which Fitch forecasts will likely lead to an EBITDA decline of below 12% at end-2010 yoy. Fitch considers such large cash flow declines as inconsistent with OTE΄s peers rated in the higher ΄BBB΄ category.
The migration of customers to cheaper fixed line local loop unbundling (LLU) alternatives and cheaper mobile tariffs have been the contributing factors leading to such weak results in 2010. These trends could potentially slow down but are unlikely to reverse while economic conditions remain pressured. OTE may continue reducing capex to support free cash flow (FCF) generation, but this may lead to underinvestment in the network development, which would again position it more weakly against its peers. One further factor differentiating OTE from its peer group is its inability to make any further significant job cuts to boost EBITDA due to political pressure to retain jobs in this weak economic phase.
The Stable Outlook reflects Fitch΄s expectation that while OTE΄s EBITDA margin is likely to remain under some pressure in 2011, this pressure will slowly ease before the margin stabilises above 30%. OTE has announced measures to deal with customer retention and is likely to be able to reduce churn in future years given its relatively strong competitive position in the Greek market.
(Capital.gr)
***
Corporate.
Fitch Ratings has downgraded Hellenic Telecommunications Organization S.A.΄s (OTE) Long-term foreign currency Issuer Default Rating (IDR) to ΄BBB-΄ from ΄BBB΄. Fitch has also downgraded OTE PLC΄s senior unsecured rating to ΄BBB-΄ from ΄BBB΄. The Outlook for the Long-term foreign currency IDR is Stable.
As the firm said, the downgrade reflects the continuing reduction in OTE΄s revenue and EBITDA margin, as evidenced by weak Q310 results, which Fitch forecasts will likely lead to an EBITDA decline of below 12% at end-2010 yoy. Fitch considers such large cash flow declines as inconsistent with OTE΄s peers rated in the higher ΄BBB΄ category.
The migration of customers to cheaper fixed line local loop unbundling (LLU) alternatives and cheaper mobile tariffs have been the contributing factors leading to such weak results in 2010. These trends could potentially slow down but are unlikely to reverse while economic conditions remain pressured. OTE may continue reducing capex to support free cash flow (FCF) generation, but this may lead to underinvestment in the network development, which would again position it more weakly against its peers. One further factor differentiating OTE from its peer group is its inability to make any further significant job cuts to boost EBITDA due to political pressure to retain jobs in this weak economic phase.
The Stable Outlook reflects Fitch΄s expectation that while OTE΄s EBITDA margin is likely to remain under some pressure in 2011, this pressure will slowly ease before the margin stabilises above 30%. OTE has announced measures to deal with customer retention and is likely to be able to reduce churn in future years given its relatively strong competitive position in the Greek market.
(Capital.gr)
***
Corporate.
tommy271
Forumer storico
Greek Public Sector Plans Strike
Greece΄s public sector union may strike later this month to oppose austerity policies and job cuts, a union official said on Wednesday.
"We are planning strike action late in November, but we are not yet sure whether it will be for 24 hours," ADEDY union΄s secretary general Ilias Iliopoulos told Reuters.
ADEDY urged the government to rule out further lay offs in the sector.
"We call the government to make its position and its intentions clear," the union said in a statement.
(Capital.gr)
Greece΄s public sector union may strike later this month to oppose austerity policies and job cuts, a union official said on Wednesday.
"We are planning strike action late in November, but we are not yet sure whether it will be for 24 hours," ADEDY union΄s secretary general Ilias Iliopoulos told Reuters.
ADEDY urged the government to rule out further lay offs in the sector.
"We call the government to make its position and its intentions clear," the union said in a statement.
(Capital.gr)
tommy271
Forumer storico
Building activity down
Building activity in the private sector dropped 24.8 pct in August, for a decline of 25.2 pct in the January-August period this year, with industry officials remaining pessimistic over the outlook of the sector. Private sector builders' hopes are focusing on home restoration and co-funded programs to saving energy.
Hellenic Statistical Authority on Wednesday said building activity in the private sector totaled 2,697 building permits, down 5.2 pct from August 2009, while it was down 24.8 pct in volume over the same period. Eastern Macedonia-Thrace (-48 pct), Epirus (-41.5 pct), Attica (-39.6 pct), Western Greece (-38.8 pct), Crete (-35.5 pct), Central Greece (-35.2 pct) and Western Macedonia (-30.3 pct) suffered the heaviest percentage losses in building volume among the country's regions, while only three regions scored gains in building volume, Southern Aegean (16 pct), Thessaly (11.7 pct) and the Peloponese (8.4 pct).
(ana.gr)
***
Sempre negativo il settore costruzioni.
Building activity in the private sector dropped 24.8 pct in August, for a decline of 25.2 pct in the January-August period this year, with industry officials remaining pessimistic over the outlook of the sector. Private sector builders' hopes are focusing on home restoration and co-funded programs to saving energy.
Hellenic Statistical Authority on Wednesday said building activity in the private sector totaled 2,697 building permits, down 5.2 pct from August 2009, while it was down 24.8 pct in volume over the same period. Eastern Macedonia-Thrace (-48 pct), Epirus (-41.5 pct), Attica (-39.6 pct), Western Greece (-38.8 pct), Crete (-35.5 pct), Central Greece (-35.2 pct) and Western Macedonia (-30.3 pct) suffered the heaviest percentage losses in building volume among the country's regions, while only three regions scored gains in building volume, Southern Aegean (16 pct), Thessaly (11.7 pct) and the Peloponese (8.4 pct).
(ana.gr)
***
Sempre negativo il settore costruzioni.
tommy271
Forumer storico
EBEA presents proposals to help in the recovery of the Greek economy
The head of the Athens Chamber of Commerce and Industry, Constantinos Mihalos, on Wednesday urged the government to accept the chamber's proposals aimed at helping in the recovery of the economy and boosting business activity in the country.
Speaking to reporters, Mihalos said the need for accepting these 10 proposals was more significant now ahead of a revision of the country's fiscal deficit and public debt. Mihalos said a revision of the country's statistics to the worse has been discounted, while he noted that Greece offered huge counter-incentives to attracting new enterprises. A recent survey by EBEA showed that almost nine out of 10 enterprises thought that the current tax policy was burdening their financial performance, while more than eight in 10 faced a decline in turnover, two in 10 were examining plans to relocate in foreign countries and one in two was examining the termination of their operations if financial performance did not improve within next year.
(ana.gr)
The head of the Athens Chamber of Commerce and Industry, Constantinos Mihalos, on Wednesday urged the government to accept the chamber's proposals aimed at helping in the recovery of the economy and boosting business activity in the country.
Speaking to reporters, Mihalos said the need for accepting these 10 proposals was more significant now ahead of a revision of the country's fiscal deficit and public debt. Mihalos said a revision of the country's statistics to the worse has been discounted, while he noted that Greece offered huge counter-incentives to attracting new enterprises. A recent survey by EBEA showed that almost nine out of 10 enterprises thought that the current tax policy was burdening their financial performance, while more than eight in 10 faced a decline in turnover, two in 10 were examining plans to relocate in foreign countries and one in two was examining the termination of their operations if financial performance did not improve within next year.
(ana.gr)
Jessica.
out of time...
Preso un cippetto sulle 2013 a 83,8. Speriamo bene
benvenuto Charlie..
perche' proprio la 2013?..
charlie84
Nuovo forumer
benvenuto Charlie..
perche' proprio la 2013?..
Per la copertura europea che dopo non è garantita
Noloss
Forumer attivo
Prima di leggere i posts di oggi, e non vorrei fosse già stato detto:
ATTENZIONE - SI SCENDE ANCORA! Purtroppo non è più solo un mio timore ma il broadening sarà sempre più avvertibile fino a quando inizieranno quelli che possono permettersi i grossi movimenti. Sono stato avvisato di uscire dalle posizioni già parecchie volte. Io resisto, certo che diventa sempre più difficile restare con la mente (e l'animo) lucido.
ATTENZIONE - SI SCENDE ANCORA! Purtroppo non è più solo un mio timore ma il broadening sarà sempre più avvertibile fino a quando inizieranno quelli che possono permettersi i grossi movimenti. Sono stato avvisato di uscire dalle posizioni già parecchie volte. Io resisto, certo che diventa sempre più difficile restare con la mente (e l'animo) lucido.
- Stato
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