tag:blogger.com,1999:blog-5882645467378797266.post4163177561487881553..comments2023-07-17T11:55:51.363+02:00Comments on ObservingGreece: Greek Mytilineos Group A Better Risk Than Greece?kleinguthttp://www.blogger.com/profile/12491174042954678023noreply@blogger.comBlogger39125tag:blogger.com,1999:blog-5882645467378797266.post-9744248016266523642017-07-05T03:32:26.627+02:002017-07-05T03:32:26.627+02:00At least Pyrrhus knew his enemies and he fought ag...At least Pyrrhus knew his enemies and he fought against them as best as he could eventhough today we deal with this roman monstrosity called the EU which is 1000 worse than Rome. Imagine how much better we will be if Rome was defeated and extinguished as it should have. <br /><br />https://en.wikipedia.org/wiki/Pyrrhus_of_EpirusDean Plassarashttps://www.blogger.com/profile/13405528205926966179noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-73152204249753692652017-07-05T03:27:06.270+02:002017-07-05T03:27:06.270+02:00I wouldn't put it this way. As a general rule,...I wouldn't put it this way. As a general rule, we Greeks don't know what we want because if don't then our enemies don't know either what we want and therefore they can not block us from having it. There is also the added benefit is that if we "don't know what we want" then we can not be traitors to our country, like for an example an Austrian who knows exactly what his country wants and volunteers to tell us (at that point we can do some serious harm to Austria). We grumble continuously,; nothing is satisfactory but yet again this is a nice method of passing information to each other without risking imprisonment or death (because we all grumble, therefore we are all guilty of the crime of being never satisfied and we can not be persecuted for such). This is where you foreigners fall into the trap. You hear Greeks complain about this, that and the other and you say "let's help these people fix it". But that's the thing: you can't fix it otherwise we lose this important protection of not displaying what our true intentions are and we become conquerable. And if we become conquerable then our fate is assimilation and extinction. The point is this: after thousands of years we are still here, we speak a language that is hard for a foreigner to understand and we don't want to have a Kratos (in other words an oppressive state to dominate us which some of you gentlemen consider being the utmost good (a well-run state). That's why I have tried to warn you many times that you are wasting your time with us because whatever the cost we are determined to outlast you. This is our survival kit and has worked fine with the Romans, Byzantines and the Turks. Compare to them Germans, Austrians and the like are simple footnotes - we know for sure how to outlast you. <br /><br />So the bottom line question here is what exactly are you observing? we will never be clear as to what we really want; you will never understand what we really want and therefore you would be unable to give it to us. All you are going to get in the end is a lesson which I am not sure is applicable to your circumstances and daily lives.<br /><br />Each Greek you speak to has many different opinions, none of which expose the core of our existence. They are a form of making conversation, or part of humanity if you wish.<br /><br />None of our political parties are focused on our eternal strategy; they are only concerned about social trends and economics which are the most anti-Greek things because by definition Greeks are interested in the eternal and not the contemporary.Dean Plassarashttps://www.blogger.com/profile/13405528205926966179noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-28961967530572934742017-07-04T14:07:43.824+02:002017-07-04T14:07:43.824+02:00And the winner is? PHOEVOS-----------ahmmm Phyrrus...And the winner is? PHOEVOS-----------ahmmm Phyrrus.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-11919371912999864842017-07-03T11:02:05.111+02:002017-07-03T11:02:05.111+02:00Self-destructive behavior permeates modern Greek s...Self-destructive behavior permeates modern Greek society in all areas. Just watch the traffic, Greeks will happily place themselves in mortal danger when they drive, in order to "win" over a perceived "enemy". You can find shrines along the roads commemorating the victors.<br />Or look at the way they destroy their nature.<br />(Self)destructive behavior has no space for creativity or innovation.<br />Thanatos.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-36477682415139457502017-07-03T07:34:32.797+02:002017-07-03T07:34:32.797+02:00@ Urs.
Yes, Phoevos can be rather annoying to list...@ Urs.<br />Yes, Phoevos can be rather annoying to listen to, but it is still useful, he expresses the opinions of many Greeks, the opinions they don't tell you to your face. It may not make you understand why, but it can make them more predictable to you, how they tick, what buttons to press.<br />LennardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-44932584765701415272017-07-01T04:52:08.295+02:002017-07-01T04:52:08.295+02:00For those of you interested in the meaning of Phoe...For those of you interested in the meaning of Phoevos name, here is what it means according to the Kabaralian philosophy and in my case it's pretty much true with some variations of course for individuality:<br /><br />1. Your name of Phoevos gives you the desire for success and financial accumulation and the confidence and drive to go after your ambitions, regardless of obstacles.<br /><br />2. Your thinking revolves around business and ways of making money, rather than on music, art, drama, or philosophy.<br /> <br />3. You start new endeavours and incorporate new ideas, but seldom if ever receive the full benefits and financial accumulation for your efforts.<br /> <br />4. You tend to feel very frustrated in being unable to realize your ambitions fully.<br /> <br />5. An extremely independent and self-sufficient person, you dislike taking orders or advice from anyone.<br /> <br />6. You believe in speaking directly and to the point, so you are candid and abrupt.<br /> <br />7. Many friendships are lost because of your directness.<br /> <br />8. Those in close association complain that you are not inclined to observe and return acts of kindness, compassion, or affection.<br /> <br />9. You would be a firm parent and your children would be well-disciplined, but you would find it difficult to get close to them and to show compassion and affection.<br /><br />As for Germany dear Lennard take it from the pros if you don't believe me:<br /><br />https://geopoliticalfutures.com/german-economy-mercy-others/<br />Dean Plassarashttps://www.blogger.com/profile/13405528205926966179noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-84353987737748304122017-06-30T16:50:57.993+02:002017-06-30T16:50:57.993+02:00I guess you german folk dislike peoples who aspire...I guess you german folk dislike peoples who aspire to freedom. You want slaves to suck up to your statism delusions; right? And you want to befriend only those who tell you that effing germany has a great future when in fact its future is not in its own hands because to put it simply it is at the mercy of others. So you get irritated when one points the obvious which is that your Kaiser has no clothes and you want the most dissimilar economy in Europe to yours (such as Greece) to immediately try to imitate you because you are going down the tubes and apparently our fate is to go down with you. Who tells you such things? And yhy are you so prone to idiocy?Dean Plassarashttps://www.blogger.com/profile/13405528205926966179noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-21836569748903080102017-06-30T14:21:53.101+02:002017-06-30T14:21:53.101+02:00It is absurd and boring at the same time and it se...<i>It is absurd and boring at the same time and it sends out a very sad message regarding the state of mind of some Greeks.</i><br /><br />Not a representative Greek it feels, but an American:<br /><br />https://twitter.com/Phoevos/status/874100839484317696<br /><br />That was more clear on the other blog, where I recall looking him up a little.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-68603358598536811832017-06-30T14:16:28.933+02:002017-06-30T14:16:28.933+02:00Urs, thanks, helpful.
If what felt like a she is ...Urs, thanks, helpful.<br /><br />If what felt like a she is indeed a he, he may have lost his former anger venting space on the web. Meaning the venom and spite has been cultivated for quite some time now. Suddenly feels familiar anyway. Besides just as he dominates the comment section here, he seemed to dominate the other comment space, he dominates this one now. Maybe that's why he comes to mind. <br /><br />Although on Twitter it looks as if Dean Admittedly his ramblings here brought more the Erinyes. That's why I for whatever reason assumed he was female.<br /><br />https://twitter.com/Phoevos/status/875159060709908480<br /><br />thankfully I am old too.<br /><br />Comment by one of the freeloading cheap Germans and as voter responsible for the equally freeloading, I suppose, German state.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-29362061167747002162017-06-30T09:52:09.097+02:002017-06-30T09:52:09.097+02:00@Lennard:
When Phoevos breathes fire and brimstone...@Lennard:<br />When Phoevos breathes fire and brimstone it is just his way of expressing his utter helplessness. Clueless and helpless as he is he tries to find comfort in an endless repetition of empty threats and prophecies of doom. It is absurd and boring at the same time and it sends out a very sad message regarding the state of mind of some Greeks.<br />UrsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-75732129079168874732017-06-30T08:17:37.165+02:002017-06-30T08:17:37.165+02:00@ Phoevos.
Indeed, freedom or death. But Greece pi...@ Phoevos.<br />Indeed, freedom or death. But Greece picked none of them, her choice was money, and that is not compatible with freedom. As for your prophesy of the imminent demise of the German state, forgive me my lack of interest, I am an old man and may not live to see it.<br />Why does Greece always pick fights she cannot win? She stubbornly seek to inflict larger losses on her enemy than she sustain, and then declare it a victory. She ignore that her enemy is able to absorb its losses, while she can ill afford it. I think there is a Greek word for it, can you help me with it?<br />LennardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-63450307689164878412017-06-30T02:30:20.520+02:002017-06-30T02:30:20.520+02:00Kleingut:
You very well know that average and nai...Kleingut:<br /><br />You very well know that average and naive german folk which occupies Greek beaches, obsessed with little things like "how close to the swimming pool I can get a beach chair because I am german and I deserve it" has very little to do with the Brussels/Berlin occupier class. Germany the state is our enemy, not the uninteresting Germans which after all they may live whether on Greek beaches or elsewhere. As for the myth that cheap germans leave any money in Greek vacations, I am very much afraid that all official statistics will leave you disappointed. They are nothing more than a bunch of freeloaders taking up space we could best offer to Chinese, Americans, Canadian Australian, French and U.K. tourists who pay almost double than then uber cheap germans.Dean Plassarashttps://www.blogger.com/profile/13405528205926966179noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-28890434389322579072017-06-29T16:01:48.296+02:002017-06-29T16:01:48.296+02:00You don't have to go to Berlin or Brussels to ...You don't have to go to Berlin or Brussels to attack your occupiers. Just go to the better hotels and beaches in Greece and you will find all of them there, leaving quite a bit of money there.kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-55759758643468111552017-06-29T15:58:18.090+02:002017-06-29T15:58:18.090+02:00Lennard:
I want you to get this clear in your thi...Lennard:<br /><br />I want you to get this clear in your thick head.<br /><br />We don't want companies in Greece which feed a rotten state which is under the thumb of Berlin. We want all Greek companies to hide their assets from the claws of an occupied state and only participate in the reconstruction of our country after the Berlin enemy is defeated. All Greeks have only one duty: total resistance to the nonsense of Brussels and Berlin.<br /><br />Freedom or death is our motto and by God we will see all of our occupiers dead before long. Just wait and watch.<br /><br />Dean Plassarashttps://www.blogger.com/profile/13405528205926966179noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-43343644201183619812017-06-29T15:38:37.294+02:002017-06-29T15:38:37.294+02:00Of course the herd are the financial investors and...Of course the herd are the financial investors and, of course, they are not the solution for Greece. In fact, with the free flow of capital, financial investors can cause very significant damage when they race for the exit door.<br /><br />I still expect the decline in yields because a 5%+ yield on Greek bonds which are essentially Eurobonds is just outrageously high. With the recent review completed, one can assume that Greece will be 'safe' for a few years. And Greece current debt profile is such that any bond with a tenor of 3-5 years (perhaps even more) matures in times when Greece does not have significant other debt maturities. And nobody is going to let Greece default because there may not be enough money for interest.<br /><br />So we are likely so see some of the traditional money flows into Greece. The water level in the bath tub will rise and everything else that's swimming in the water will rise with it. When the tide comes in, you don't see the bathing suits people are wearing. But, as Warren Buffett once said: when the tide goes out, you see who is naked.<br /><br />But as you might guess: I am completely on your side as regards the kind of foreign investments which Greece needs and I have written endlessly about it.<br /><br />kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-15293273002209765392017-06-29T11:48:00.906+02:002017-06-29T11:48:00.906+02:00@ kleingut.
I am still not sure your herd will mov...@ kleingut.<br />I am still not sure your herd will move, but you certainly have more experience with those matters than I do. Should it be so, it is still not the solution to Greece's problems, she has repeatedly proven that she can/will not make prudent use of money inflows. Your herd is financial investors, the type you worn against in your article. they will invest in the hope of (short term) gains, they have no intention of creating value, only to distribute it. They usually claim not to like instability, not so, they could not live without it. They can, and will, pull out of their investments within seconds, with gains or losses.<br /><br />The investors Greece need are not amongst your herd animals, they are the ones that would create value (products). Their goal is also to make a profit, but by producing, that Greece will share in that profit by getting work places, taxes, technology transfer and human skills is something they accept. Once they have calculated their first costs and operating profits they will know when they can expect to break even, and know that should they pull out their investments before that time most of them will be lost. They need stability (political) at least for that period. Political stability also means that future governments honor agreements made by previous ones.<br />Even a rather low tech plant like an automobile assembly factory requires planning, feasibility study, permissions, design, construction, in-house training, commissioning and pre-production and finally full production. In a functioning nation the time frame from first invested EUR to break even might be 10 years. Any Project Manager who would attempt to give a qualified time for the period in Greece would be met with head shaking from his Steering Committee. <br />Lennard Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-30811046023111056432017-06-29T10:08:29.327+02:002017-06-29T10:08:29.327+02:00But which part do you wish to question? For a numb...But which part do you wish to question? For a number of months now the false narrative by both Brussels/Berlin and the Greek opposition has been offered that Greece is trapped and unable to return to markets. And here we have an example of a Greek company borrowing at an attractive borrowing rate and therefore free to pick and choose the best deal markets could offer. <br /><br />So, when you deal with blatant lies what is the purpose of examining and questionning the lies when you already know that you are dealing with lies? The examination and questionnin would only make sense if you didn't know that a lie was involved and you embarked on a journey for discovering the truth.<br /><br />Don't you know that politics like war is a game of deception?Dean Plassarashttps://www.blogger.com/profile/13405528205926966179noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-61653171496916648572017-06-29T01:29:21.418+02:002017-06-29T01:29:21.418+02:00As long as Greece stays the eff away from germany,...As long as Greece stays the eff away from germany, everything will be fine:<br /><br />http://www.worldpoliticsreview.com/trend-lines/22575/how-china-turned-greece-into-a-dependable-eu-partnerDean Plassarashttps://www.blogger.com/profile/13405528205926966179noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-26118615671512158712017-06-29T01:00:51.134+02:002017-06-29T01:00:51.134+02:00Wrong move but that's o.k. In general, you nev...Wrong move but that's o.k. In general, you never feed the Beast of Berlin:<br /><br />http://www.americanshipper.com/main/news/greek-shipowners-vote-to-extend-tax-pact-67949.aspx?source=Little4#hideDean Plassarashttps://www.blogger.com/profile/13405528205926966179noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-5517571556091411602017-06-29T00:06:48.862+02:002017-06-29T00:06:48.862+02:00There we go; investment appetite is returning:
ht...There we go; investment appetite is returning:<br /><br />http://www.prnewswire.com/news-releases/marco-polo-securities-partners-with-alpha-finance-to-market-greek-investment-products-300481383.htmlDean Plassarashttps://www.blogger.com/profile/13405528205926966179noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-15019764932468518122017-06-28T23:56:58.298+02:002017-06-28T23:56:58.298+02:00Wind project begins; total FDI larger than the por...Wind project begins; total FDI larger than the port of Thessaloniki:<br /><br />http://www.naftemporiki.gr/finance/story/1253159/enel-enarksi-kataskeuis-tou-megaluterou-aiolikou-ergou-stin-elladaDean Plassarashttps://www.blogger.com/profile/13405528205926966179noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-9826277099622836172017-06-28T21:36:08.880+02:002017-06-28T21:36:08.880+02:00@Phoevos
In this blog some older references were...@Phoevos <br /><br />In this blog some older references were about Greek elites in politics, history, thought,about experiences and economy,not specifically in that order.<br />Elites in every area and in economy give the example of leadership because usually, dealing with responsibility in difficult times for a short term period is very damaging, but for a longer term, is admirable not only as an economic value.<br /><br />However,even if the best principles were to be followed, most people usually won't understand the commitment.<br /><br />Gustave Flaubert the "Madame Bovary" novelist was saying: <br /><br />"Stupidity lies in wanting to draw conclusions".<br /><br /> I have the sense that the article from Klaus was written to be questioned-to be challenged, not to draw conclusions and my comments also, but to be seen and under the aspect of leadership and responsibility.<br /><br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-81331590316348391602017-06-27T15:39:44.203+02:002017-06-27T15:39:44.203+02:00Klaus, about major shareholders:
http://www.mytil...Klaus, about major shareholders:<br /><br />http://www.mytilineos.gr/en-us/shareholders/information<br /><br />I think most credit risk officers would agree with what you say.<br /><br />What some people probably appreciate, is the company's positioning which seems relatively good or promising in future.<br /><br />http://www.mytilineos.gr/en-us/affiliated-companies/of-mytilineos-group<br /><br />Protergia is power producer who increasing <br /> its share in retail energy market were the PPC was a monopoly. <br /><br />M&M for gas also seems to have good synergies with METKA.<br /><br />Group have presence or taking jobs in many Middle East countries.<br /><br />If the management decided for a couple of years to reduce these "air assets-trade" without reducing its equity considerably, the company would seem solid.<br /><br />Also the EBRD will participate with 50 mln € in the 5 year bond.<br /><br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-7247851712205379452017-06-27T14:30:18.212+02:002017-06-27T14:30:18.212+02:00Ano:
Forget about trying to understand MG because...Ano:<br /><br />Forget about trying to understand MG because this bird has flown. You had a chance of more than doubling your money BEFORE the company decided to translate its solid reputation to ambitious expansion plans. During the expansion period the stock price will suffer so there is no need for you to try understanding in retrospect a company which you should have known about way in advance.<br /><br />I thought that this blog was about observing Greece and not act as some kind of an amateur stock picking club recommending a new investment. <br /><br />There is nothing to be understood about Mytilineos other than its independent existence; independent from a subjugated state that is which is none of me concern to begin with because Greeks by definition are not statists and don't give a damn about the effing rotten state which is now owned by germany. <br /><br />Dean Plassarashttps://www.blogger.com/profile/13405528205926966179noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-46491734545558172102017-06-27T14:19:00.631+02:002017-06-27T14:19:00.631+02:00Kleingut:
The fuss is about access to markets by ...Kleingut:<br /><br />The fuss is about access to markets by Greek companies which somehow was falsly tied to the memoranda of the Greek state with its clownish lenders. MG is by choice an agile gazelle type of company and needs not grow to become a feeder company for tax revenue to an undeserving state.Dean Plassarashttps://www.blogger.com/profile/13405528205926966179noreply@blogger.com