My favorite Greek play

Greece is still not recovering. It will. Especially when they finally agree to write off part of the debt as IMF is repeatedly suggesting. My favorite Greek recovery play is OPAP. You get a 6.5% dividend yield for waiting and an upside from Greek recovery and from implementation of VLT machines Until recently most analysisContinue reading “My favorite Greek play”

Czech koruna trade

Speculators piled in over 70 billion into CZK in anticipation of  CZK appreciation after the Czech National Bank currency support ends. It ended today. CZK did strenghtened a bit. Now expect the reversal. THe speculative position is very significant and when they start closing it, expect strong short squeeze. CZK could devalue significantly. Go longContinue reading “Czech koruna trade”

OPAP – Greek play

Wood and co research on OPAP published today: *** OPAP: VLTs not yet priced in (stays Buy) *** To download the report, please click on the following link: Greece_Consumer Discretionary_OPAP_Update_25Jan2017.pdf, (650 KB) We maintain our BUY rating on OPAP, with an increased 12M price target (PT) of EUR 10.00/share (from EUR 8.50 previously), due to full inclusion ofContinue reading “OPAP – Greek play”

No brainer trade for 2017

Rember Grexit. At that time Euro came under severe selling pressure because people were worried that Greece exit from the EU could result in other departures. That is now all forgotten. Surprisingly, BREXIT so far resulted only in week GBP, because the markets have been focusing on what will happen to Britain after its departureContinue reading “No brainer trade for 2017”