EUROCORP

Financial Morning News 17/01/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 952.78 posting profits of 0.18%, in a turnover of €47.25mn.

The IMF approved the loan disbursement of €3.24bn to Greece.

The number of building permits issued in Greece dropped by 43.7% in October compared to a year earlier.

Broker Metereology

    OTE: Deutsche Bank lifts the target to €8.90 from €3.70 and upgrades its rating to buy. It believes that the outlook for OTE should improve substantially through 2013, as markets already appear to be pricing Greek risk at less extreme levels, reducing cost of capital assumptions and easing the path for new debt issuance

    Corporate Impacts

    • OTE: The Company concludes deal to exchange €187mn of bonds maturing Aug. 2013 with €187.7mn issue of bonds maturing Feb. 2015.
    • Technical

      FTSE 20 December future:

        Support levels: 322-316-308. Resistance levels: 334-340-345.

      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.

      Get Adobe ReaderYou will need Adobe Reader to open the files. If you do not have it already, you may download it from Adobe’s website by clicking the icon on the right.

Error Page

GlobalSoft Perquote Server 1.0.2.9

    Error 404:   

    The page requested not found!