EUROCORP

Financial Morning News 09/05/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,224.69 posting losses of 0.53%, in a turnover of €124.27mn.


The unemployment rate dipped to 26.5% in February from a downwardly revised 26.6% in the previous month (ELSTAT).

Corporate Impacts

    • OTE: The company reported for Q1’14 net profits of €55.8mn (-66.5%). Sales decreased by 0.3% to €963.7mn, while EBITDA amounted to €331.2mn (-3.1%). The net debt decreased by 42.1% to €1.583bn.
    • NBG: The share capital increase was completed with great success with the price of the new shares amounting to €2.20. Among those participating in the increase were some of the world’s biggest investors – among them BlackRock, Pimco, York Capital, Fidelity, Norges Bank, George Soros and the state authority of Abu Dhabi – once again confirming the definitive return of the country and its companies to the international markets.

Technical

FTSE 25 May future:

        Support levels: 388-384-378. Resistance levels: 402-410-416.

General Index:

      Support levels: 1,215-1,200-1,180. Resistance levels: 1,245-1,260-1,280.

Disclaimer

The information that EUROCORP (henceforth the “Company”) provides via the web page eurocorp.gr, can be used only for informative aims and not for commercial, investment or other purposes. They cannot be considered as offer, advice, or proposal for purchase or sale of securities issued by companies that are reported in the web page of the Company, or as prompt on the realisation of any form of investments. The Company is not by any chance accountable for commercial or investment decisions that will be taken based on this information.

The information emanates from sources that are available in public and are generally considered reliable. The Company overwhelm each possible effort for the verification of the validity of this information. Nevertheless, the Company is not committed as for the precision, plenitude and safety of information and consequently no responsibility arises for the company from the use of this information.

The use of web page eurocorp.gr is under the exclusive responsibility of each user, who accepts that the information and services, are provided “as such” and “depending on the availability”, without any guarantee of the Company, indicatively reported the guarantees of satisfactory quality or appropriateness for concrete aims.

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