Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (12 lettori)
- Creatore Discussione Imark
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tommy271
Forumer storico
Unicredit: Eurobank PostQ3 Upbeat Views Premature
Unicredit says that Eurobank’s management was too optimistic in a conference call post its 3Q results on Monday, Dow Jones Newswires reports.
"Management sees the glass half-full, not half-empty and gave a relatively upbeat assessment of future trends about improving NIM, and NPLs sustaining their downward trend. We believe it is too early in the economic cycle to agree with this outlook," analyst Tania Gold said.
Unicredit has a EUR3 price target and reaffirms its ‘sell’ rating on Eurobank because they expect long-term pressure due to the continuing deterioration in the Greek macro scenario, the news agency says.
On the other hand, Goldman Sachs lowered Eurobank’s price target to EUR4.80 from EUR4.90 after it posted broadly "in line" 3Q results on Monday.
"While the bank trades at a substantial discount to tangible book (0.6x 2011E), we see depressed profitability as well as Greek macro headwinds weighing on the stock," analyst Heiner Luz said.
Goldman Sachs reiterates its neutral rating and cites Greek macros as key risk to its estimates.
(Capital.gr)
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Corporate.
Unicredit says that Eurobank’s management was too optimistic in a conference call post its 3Q results on Monday, Dow Jones Newswires reports.
"Management sees the glass half-full, not half-empty and gave a relatively upbeat assessment of future trends about improving NIM, and NPLs sustaining their downward trend. We believe it is too early in the economic cycle to agree with this outlook," analyst Tania Gold said.
Unicredit has a EUR3 price target and reaffirms its ‘sell’ rating on Eurobank because they expect long-term pressure due to the continuing deterioration in the Greek macro scenario, the news agency says.
On the other hand, Goldman Sachs lowered Eurobank’s price target to EUR4.80 from EUR4.90 after it posted broadly "in line" 3Q results on Monday.
"While the bank trades at a substantial discount to tangible book (0.6x 2011E), we see depressed profitability as well as Greek macro headwinds weighing on the stock," analyst Heiner Luz said.
Goldman Sachs reiterates its neutral rating and cites Greek macros as key risk to its estimates.
(Capital.gr)
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Corporate.
tommy271
Forumer storico
tommy271
Forumer storico
DJ: Greece “Surprised” By EU’s Decision For Loan Extension
The Greek government was surprised by a decision from its European partners to mull on extending the repayment period for the loans the debt laden country received, but the move should help lower its borrowing costs, a senior government official Tuesday told Dow Jones Newswires.
"This gives us a lot of breathing space and [interest rate yields] should now come down," the official said. "But it all depends on how strictly we follow the terms of the [loan] memorandum and we plan to follow it to the letter."
"There was always the willingness from the IMF to extend the loan, but Germany was against it. Berlin’s change of position came as a surprise so soon after their criticism about Greece’s missed budget deficit targets. There was not much hope about an extension in the short term," said the official.
"But Ireland’s bailout changed everything, with our partners adopting a level playing field for both countries."
"We hope we won’t get any nasty surprises from the German parliament when this comes up for vote in January," he said, as the final decision has to be rubberstamped by national parliaments.
(Capital.gr)
The Greek government was surprised by a decision from its European partners to mull on extending the repayment period for the loans the debt laden country received, but the move should help lower its borrowing costs, a senior government official Tuesday told Dow Jones Newswires.
"This gives us a lot of breathing space and [interest rate yields] should now come down," the official said. "But it all depends on how strictly we follow the terms of the [loan] memorandum and we plan to follow it to the letter."
"There was always the willingness from the IMF to extend the loan, but Germany was against it. Berlin’s change of position came as a surprise so soon after their criticism about Greece’s missed budget deficit targets. There was not much hope about an extension in the short term," said the official.
"But Ireland’s bailout changed everything, with our partners adopting a level playing field for both countries."
"We hope we won’t get any nasty surprises from the German parliament when this comes up for vote in January," he said, as the final decision has to be rubberstamped by national parliaments.
(Capital.gr)
StockExchange
Forumer storico
Se continua così sul nostro listino, altro che Grecia....
C'è da riempirsi le tasche delle nostre UCG e ISP.
Le nostre stanno trattano forse anche più a sconto delle banche Greche, almeno rispetto al book value.
UCG ad esempio quota ora al 44% del book value e all'86% del book value tangibile.
Il problema al momento forse sono le basse stime sulla redditività futura, quindi rispetto ai tipici multipli come EPS o il P/E queste quotazioni possono ancora essere giustificabili. Ma rispetto al book value è impressionante.
C'è da riempirsi le tasche delle nostre UCG e ISP.
Le nostre stanno trattano forse anche più a sconto delle banche Greche, almeno rispetto al book value.
UCG ad esempio quota ora al 44% del book value e all'86% del book value tangibile.
Il problema al momento forse sono le basse stime sulla redditività futura, quindi rispetto ai tipici multipli come EPS o il P/E queste quotazioni possono ancora essere giustificabili. Ma rispetto al book value è impressionante.
tommy271
Forumer storico
tommy271
Forumer storico
Greek seamen end strike after government order
ATHENS | Tue Nov 30, 2010 6:30am EST
ATHENS Nov 30 (Reuters) - Greek seamen ended on Tuesday an eight-day strike which stranded ships and passengers in ports and disrupted supplies of medicine, after the government ordered them to return to work.
It was the second time since July the ruling Socialists had used emergency powers to end a strike as unions resist austerity measures prescribed by the European Union and IMF.
"Our eight-day strike was suspended this morning," said the Panhellenic Seamen's Federation (PNO). "For the second time during its rule the government, incabable of finding solutions, resorted to its favourite recipe."
Seamen would have faced prosecution had they not complied with the order to end the strike, which caused problems with supplies of food and medicines on some islands, particularly on Crete, Greece's largest island.
Maritime Affairs Minister Yannis Diamantidis gave the order late on Monday, saying even the dead could not be shipped to and from Greek islands for their burials, after seamen decided to extend the strike launched on Nov. 23.
The seamen demanded the signing of a collective wage deal and a halt to layoffs.
Making labour contracts more flexible is a main demand of Greece's lenders, the International Monetary Fund and euro zone countries, aimed at boosting competitiveness and securing the economic growth the country needs to repay its debts.
The PNO has more influence on passenger shipping than ocean-going tankers and cargo vessels.
Sailors protesting against the deregulation of their profession blocked ports and ships during the summer season, hurting the vital tourism sector which accounts for about a fifth of Greece's 240 billion euro economy.
ATHENS | Tue Nov 30, 2010 6:30am EST
ATHENS Nov 30 (Reuters) - Greek seamen ended on Tuesday an eight-day strike which stranded ships and passengers in ports and disrupted supplies of medicine, after the government ordered them to return to work.
It was the second time since July the ruling Socialists had used emergency powers to end a strike as unions resist austerity measures prescribed by the European Union and IMF.
"Our eight-day strike was suspended this morning," said the Panhellenic Seamen's Federation (PNO). "For the second time during its rule the government, incabable of finding solutions, resorted to its favourite recipe."
Seamen would have faced prosecution had they not complied with the order to end the strike, which caused problems with supplies of food and medicines on some islands, particularly on Crete, Greece's largest island.
Maritime Affairs Minister Yannis Diamantidis gave the order late on Monday, saying even the dead could not be shipped to and from Greek islands for their burials, after seamen decided to extend the strike launched on Nov. 23.
The seamen demanded the signing of a collective wage deal and a halt to layoffs.
Making labour contracts more flexible is a main demand of Greece's lenders, the International Monetary Fund and euro zone countries, aimed at boosting competitiveness and securing the economic growth the country needs to repay its debts.
The PNO has more influence on passenger shipping than ocean-going tankers and cargo vessels.
Sailors protesting against the deregulation of their profession blocked ports and ships during the summer season, hurting the vital tourism sector which accounts for about a fifth of Greece's 240 billion euro economy.
ficodindia
Forumer storico
L'articolo citato propone come soluzione della crisi dell'euro: la ristrutturazione dei debiti dei paesi in crisi (Grecia, Irlanda, Portogallo e Spagna). E io aggiugo perchè non l'Italia ed il Belgio in cosiderazione del livello del loro debito. Tale soluzione è contraddittoria rispetto alle stesse argomentazioni sostenute nell'articolo in questione. La ristrutturazione dei debiti dei paesi citati significa la condanna di tali paesi al sottosviluppo e alla recessione in quanto non potrebbero più finanziarsi a tassi sostenibili. E' inutile girarci intorno, la vera soluzione è l'unione politica dell'Europa, la moneta unica implica, per fuzionare, un unico governo dell'economia e politiche redistributive a livello continentale. I paesi che dichiarano default non resteranno un minuto di più all'interno dell'UEM pena il loro decadimento.
PS. La storia dei sacrifici dei contribuenti tedeschi per finanziare il bailaout della Grezia prima e di adesso l'Irlanda è una barzelletta. Se non sbaglio i prestiti sono finanziati a tassi maggiori di quanto il governo tedesco paga per i propri titoli pubblici. I finanziamenti non sono a fondo perduto!
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