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Friday, February 26, 2021
Thursday, February 25, 2021
Wednesday, February 24, 2021
AS COMPANY:Announcement for the Share Capital Increase via capitalization of previous years’ profits
Announcement of the Societe Anonyme with the title “AS COMMERCIAL INDUSTRIAL TOY AND COMPUTER COMPANY S.A.” and the distinctive title “AS COMPANY S.A.”
regarding the share capital increase via capitalization of previous years’ profits treated as dividend distribution AS COMMERCIAL INDUSTRIAL TOY AND COMPUTER COMPANY S.A. following its announcement dated 05 February 2021 regarding the increase of the share capital of the Company by the amount of € 2,944,475.43, with a capitalization of profits of previous years of a total amount of 3,099,447.82€, and 5% tax being withheld, therefore, deducted from this amount in accordance with the provisions of article 24 of law 4646/2019, informs the investing public that the above corporate transaction, according to POL.1042/2015 is equated with a distribution of a net dividend amounting to 0.2243235520 per share, i.e. gross amount of 0.2361300547 €.
To this end, it will proceed within the legal deadline to repay the withholding tax of 5%. For natural or legal persons, who held the shareholder status at February 9, 2021 (date of change of the share’s nominal price – Record Date) and are not subject to the above withholding tax of 5%, the Company shall make a payment of an amount equal to the tax withheld on their behalf, starting on 26.02.2021. Payment will be made via the Bank "Eurobank S.A." as follows: 1. Through the operators of the shareholders in S.A.T., (banks, custodians and stock exchange companies), in accordance with point 4.1.3.4 of the ASE Regulation and 39 of the S.A.T 's Rules of Procedure, for those shareholders who have authorized their operators to collect the return of capital 2. By deposit at the International Bank Account Number (IBAN), in which the investor has stated that he/she wishes to receive the distributed amounts in accordance with Article 13 of the S.A.T. Regulation as it stands, for investors who do not wish to receive them through their operators. This only concerns investors who have declared their IBAN to the paying bank "Eurobank S.A." 3. Through the network of the Eurobank S.A, branches, for those of the shareholders that have requested an exemption from their operator to the SAT or have withdrawn their authorization to their operator or have submitted their shares in the Special Share Account, with the disclosure to the K.A.M.E. (Code Number of the Investment Account, S.A.T.) and the demonstration of their ID, either in person or via a legally authorized representative in any of the premises of the paying Bank (in this case the relevant authorization documents with a certificate of validity of the signature of the beneficiary shall be presented). Payment of the repayable amount through the Bank "Eurobank S.A." will be possible for one month from the start of the payment. After the period of one month from the date of the payment’s commencement, the withholding tax of 5% will be paid only at the company's offices at Oreokastron, Thessaloniki, Ionia St. (tel.2310572000). For further information, the Messrs. and Mmes. shareholders may address the Shareholder’s Service Department of the Company (tel. 2310 572000) on working days from 10:00 to 16:00. In addition, the contact details of the "Eurobank S.A." Bank are the following: Domestic Markets Custody Operations Division, Corporate Actions, Iolkou 8 and Filikis Etaireias, TK 14234 N. Ionia, contact numbers 210-35.22.085 and 210- 35.22.284. Oreokastron, 24 February 2021 Corporate Announcement Department
Dropbox, Inc. Announces Upsize and Pricing of $1.306 Billion Convertible Senior Notes Offering
Feb 24, 2021
SAN FRANCISCO--(BUSINESS WIRE)--Feb. 24, 2021-- Dropbox, Inc. (“Dropbox”) (NASDAQ: DBX) today announced the pricing of $653,000,000 aggregate principal amount of convertible senior notes due 2026 (the “2026 Notes”) and $653,000,000 aggregate principal amount of convertible senior notes due 2028 (the “2028 Notes” and, together with the 2026 Notes, the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $1.135 billion. Dropbox also granted the initial purchasers of the Notes a 13-day option to purchase up to an additional $65,300,000 aggregate principal amount of 2026 Notes and up to an additional $65,300,000 aggregate principal amount of 2028 Notes. The sale of the Notes to the initial purchasers is expected to settle on February 26, 2021, subject to customary closing conditions, and is expected to result in approximately $1,286 million in net proceeds to Dropbox (or approximately $1,414 million if the initial purchasers exercise their option to purchase additional notes in full) after deducting the initial purchasers’ discount and estimated offering expenses payable by Dropbox.
The Notes will be senior, unsecured obligations of Dropbox. The 2026 Notes and the 2028 Notes are each referred to herein as a series of notes. The Notes will not bear interest and the principal of each series of Notes will not accrete. The 2026 Notes will mature on March 1, 2026 and the 2028 Notes will mature on March 1, 2028, in each case unless earlier converted, redeemed or repurchased.
Dropbox intends to use approximately $58.6 million of the net proceeds of the offering of the Notes to pay the cost of the convertible note hedge transactions described below, after such cost is partially offset by the proceeds of the warrant transactions described below, approximately $200 million of the net proceeds from this offering to repurchase shares of Dropbox’s Class A common stock (“Class A common stock”) at yesterday’s closing price of $23.18 per share from institutional investors through one of the initial purchasers or their affiliates, as Dropbox’s agent, concurrently with the pricing of this offering, and to use the remaining proceeds of the offering for general corporate purposes, including repurchases of its Class A common stock.
The 2026 Notes may be converted at an initial conversion rate of 26.1458 shares of Dropbox’s Class A common stock per $1,000 principal amount of such notes (equivalent to an initial conversion price of approximately $38.25 per share of Class A common stock), and the 2028 Notes may be converted at an initial conversion rate of 28.2889 shares of Class A common stock per $1,000 principal amount of such notes (equivalent to an initial conversion price of approximately $35.35 per share of Class A common stock). Prior to the close of business on the business day immediately preceding December 1, 2025, in the case of the 2026 Notes, and prior to the close of business on the business day immediately preceding December 1, 2027, in the case of the 2028 Notes, the Notes will be convertible at the option of the noteholders only upon the satisfaction of specified conditions and during certain periods. On or after December 1, 2025 in the case of the 2026 Notes, and on or after December 1, 2027 in the case of the 2028 Notes, to the close of business on the second scheduled trading day immediately preceding the relevant maturity date, a holder of the relevant series of notes may convert all or any portion of its notes of such series regardless of these conditions. For each series of Notes, upon conversion, Dropbox will pay cash up to the aggregate principal amount of Notes to be converted and pay or deliver, as the case may be, cash, shares of Dropbox’s Class A common stock or a combination of cash and shares of Dropbox’s Class A common stock, at Dropbox’s election, in respect of the remainder. The last reported sale price of the Class A common stock on February 23, 2021 was $23.18 per share.
Dropbox may redeem for cash all or any portion of the Notes, at its option, on or after March 6, 2024, in the case of the 2026 Notes, and on or after March 6, 2025, in the case of the 2028 Notes, if the last reported sale price of Dropbox’s Class A common stock has been at least 130% of the conversion price for the relevant series of Notes then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which Dropbox provides notice of redemption at a redemption price equal to 100% of the principal amount of the relevant series of Notes to be redeemed, plus any accrued and unpaid special interest to, but excluding, the redemption date.
In connection with the pricing of the Notes, Dropbox entered into convertible note hedge and warrant transactions with certain of the initial purchasers, their affiliates and other financial institutions (the “option counterparties”). The convertible note hedge transactions are expected generally to reduce the potential dilution to Dropbox’s Class A common stock upon any conversion of the Notes and/or offset any cash payments Dropbox is required to make in excess of the principal amount of converted Notes, as the case may be. The warrant transactions would separately have a dilutive effect to the extent that the market value per share of the Class A common stock exceeds the strike price of any warrants unless, subject to the terms of the warrant transactions, Dropbox elects to cash settle the warrants. The strike price of the warrant transactions will initially be approximately $46.36 per share, which represents a premium of 100% over the last reported sale price of the Class A common stock on February 23, 2021, and is subject to certain adjustments under the terms of the warrant transactions. If the initial purchasers exercise their option to purchase additional notes, Dropbox intends to enter into additional convertible note hedge and additional warrant transactions relating to the additional notes.
In connection with establishing their initial hedge of the convertible note hedge and warrant transactions, the option counterparties or their respective affiliates expect to purchase shares of the Class A common stock and/or enter into various derivative transactions with respect to the Class A common stock concurrently with, or shortly after, the pricing of the Notes. This activity could increase (or reduce the size of any decrease in) the market price of the Class A common stock or the Notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the Class A common stock and/or by purchasing or selling shares of the Class A common stock or other securities of Dropbox in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so during any observation period related to a conversion of the Notes or in connection with any repurchase of Notes by Dropbox). This activity could also cause or avoid an increase or a decrease in the market price of the Class A common stock or the Notes, which could affect the ability of noteholders to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of the Notes, it could affect the amount and value of the consideration that noteholders will receive upon conversion of such Notes.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful. The convertible note hedge transactions, warrant transactions, Notes and the shares of Class A common stock issuable upon conversion of the Notes, if any, have not been, and will not be, registered under the Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Act and applicable state laws.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210224005410/en/
Media Contact:
Tessa Chen
or
Investor Relations Contact:
Rob Bradley
Source: Dropbox, Inc.
Πώς την πάτησα με την Gamestop...
Ένας επενδυτής αξίας σπάνια θα κινηθεί αντιθετικά, εκτός αν υπάρχει περίπτωση γενικευμένης πτώσης.
Μετοχές με παρατεταμένη πτωτική διάθεση, είτε βρίσκονται στο φάσμα της χρεοκοπίας λόγω δανείων, είτε βρίσκονται σε ένα σπιράλ συνεχόμενων αρνητικών αποτελεσμάτων.
Όπως σε όλα τα πράγματα, έτσι και στο χρηματιστήριο χρειάζεται και λίγη τύχη έως πολλή θα έλεγα. Το ρητό επιτυχία=ταλέντο και τύχη, μεγάλη επιτυχία=ταλέντο και πολλή τύχη, ισχύει και στο χρηματιστήριο και μάλιστα σε αυξημένο βαθμό.
Η εμπειρία έχει δείξει ότι όταν κινείται κανείς αντιθετικά ή αντικυκλικά, χρειάζεται υπομονή και μία εταιρεία με υγιή ισολογισμό. Ατσάλινα νεύρα και ηρεμιστικά αν παρακολουθεί ολημερίς τη διακύμανση της τιμής. Σε όλες τις άλλες περιπτώσεις κατά 99% τα χρήματα εξαϋλώνονται.
Στην περίπτωση όμως που δεν υπάρχουν δάνεια, μία επιβίωση και ένα turnaround story είναι αρκετά πιθανό. Όπως και η ανάλογη εκτόξευση των κερδών.
Όταν λοιπόν παρακολουθούσα την εταιρεία της gamestop πριν 3 χρόνια μαζί με την ομάδα στο Investorblog, εντοπίστηκε στην τιμή των 11 δολαρίων και αγοράστηκε στην τιμή των τριών δολαρίων και κάτι... Ήταν άκρως υποτιμημένη, αλλά με σχετικά καλό ισολογισμό, αλλά σε συνεχόμενη παρακμή. Ενώ έκανε μία σύντομη άνοδο, τα αποτελέσματα συνέχισαν να είναι αρνητικά και υπό τον φόβο περαιτέρω πτώσης και χρεοκοπίας πούλησα με κάποια λίγα κέρδη πριν ένα χρόνο περίπου... Τα υπόλοιπα τα γνωρίζετε όπως και το ότι η μετοχή από τα τρία δολάρια βρέθηκε στα 400 για να ξανασκάσει τώρα στα 50...
Το παραπάνω παράδειγμα πρόκειται φυσικά για μία άκρως τυχερή κατάσταση και για μία ευκαιρία στη ζωή σου που μπορείς να πετύχεις μία - δύο άντε τρεις φορές. Παρατήρησα όμως ότι, όσες φορές κινήθηκα αντιθετικά και οι εταιρείες είχανε καλό ισολογισμό, έγινε αντιστροφή και η τιμή εκτινάχθηκε. Αντίθετα όσες είχανε δάνεια χρεοκόπησαν. Πολλές φορές όμως εξαιτίας της μυωπίας της αγοράς και της συνέχισης των αρνητικών αποτελεσμάτων μέχρι να γίνει η αντιστροφή ο φόβος σε οδηγεί στο να πουλήσεις.
Κλείνοντας λοιπόν, η πρότασή μου όταν κινείστε αντιθετικά είναι η εξής: Επιλέξτε εταιρείες χωρίς δάνεια που αντιμετωπίζουν έτσι κι αλλιώς προβλήματα και ξεχάστε τες για ένα διάστημα δύο ετών τουλάχιστον. Θεωρείστε αυτό το μικρό ποσοστό του χαρτοφυλακίου σας χαμένο. Μην παρακολουθείτε αποτελέσματα και μην ασχολείστε μαζί τους. Αφήστε τον χρόνο να γιατρέψει τις πληγές τους και να σας προσφέρει όσα μπορεί περισσότερα...
Υ.Γ.: Τα τρένα που φεύγουν πονάνε, αλλά στη σκέψη πως θα έρθουν άλλα ο πόνος μαλακώνει... 😉
Tuesday, February 23, 2021
Τέρνα Ενεργειακή ή Jumbo;
Δύο εταιρείες διαμάντια. Δύο εταιρείες που πραγματικά όσοι επένδυσαν την τελευταία δεκαετία στις μετοχές τους, έχουν βγει πολλαπλά κερδισμένοι και έχουν κάνει απόσβεση του κεφαλαίου τους.
Και οι δύο βρίσκονται σε σημείο καμπής.
Μετά την τελευταία ατυχία στο Τέξας, η πρώτη αντιμετωπίζει μία πρόκληση που μπορεί να φτάσει και τα 90 εκατομμύρια. Την ίδια στιγμή, η αποτίμησή της, κατά την άποψή μου πάντα, μπορεί να θεωρηθεί απαιτητική και έχει προεξοφλήσει αρκετά από τα μελλοντικά κέρδη.
Προς το παρόν, οι πολιτικές της Ευρωπαϊκής Ένωσης και το χρηματιστήριο ρύπων την ευνοούν. Σήμερα ανακοίνωσε deal με EDPR & ENGIE όσον αφορά τα πλωτά αιολικά πάρκα, γεγονός που αναμένεται να έχει σημαντική συνεισφορά στην ενεργειακή αυτονομία της ευρωπαϊκής Ένωσης αλλά και στα κέρδη της εταιρείας.
Αναμφίβολα δραστηριοποιείται σε ένα κλάδο πολλά υποσχόμενο. Αυτή τη στιγμή βρίσκεται στη μόδα και η τάση της παραμένει ανοδική...
Σχετικά με τα Jumbo, τα λόγια είναι περιττά. Η εταιρεία έχει καταφέρει κάτι που λίγες εταιρείες στον κλάδο της λιανικής έχουν επιτύχει σε όλο τον κόσμο. Αύξηση κερδών και κύκλου εργασιών για πολλά και συναπτά έτη. Καθαρό ταμείο που ξεπερνά τα 300 εκατομμύρια και σταθερή μερισματική πολιτική, που θα μπορούσε να είναι ακόμα μεγαλύτερη.
Η εταιρεία δοκιμάζεται έντονα λόγω της πανδημίας, σε αντίθεση με την πρώτη. Για αυτό και η τιμή έχει πιεστεί αρκετά. Μετά τη λήξη συναγερμού όμως, αναμένεται αντιστροφή των αρνητικών αριθμών. Ο υγιής ισολογισμός προσφέρει άμυνες, ώστε να ξεπεραστεί άνετα αυτός ο σκόπελος.
Για όσους και όσες επενδύουν λοιπόν αντιθετικά, η δεύτερη περίπτωση φαντάζει καλύτερη. Για όσους-ες ακολουθούν την τάση και τη μόδα, η πρώτη.
Προσωπικά, στην παρούσα περίοδο, θα προτιμούσα να αναλάβω λίγο μεγαλύτερο ρίσκο ξέροντας όμως πως αγοράζω μία εταιρεία σχετικά φθηνή, αν και πιεσμένη...
Τα όσα γράφονται δεν αποτελούν προτροπή για πώληση ή αγορά κινητών αξιών. Έχουν καθαρά ψυχαγωγικό, πληροφοριακό και προσωπικό χαρακτήρα.
Dropbox, Inc. Announces $1.135 Billion Convertible Notes Offering
Feb 22, 2021
The Notes will be senior, unsecured obligations of Dropbox, and interest will be payable semi-annually in arrears. For each series of Notes, upon conversion, Dropbox will pay cash up to the aggregate principal amount of Notes to be converted and pay or deliver, as the case may be, cash, shares of Dropbox’s Class A common stock (“Class A common stock”) or a combination of cash and shares of Dropbox’s Class A common stock, at Dropbox’s election, in respect of the remainder. The interest rate, conversion rate, and other terms of the Notes are to be determined upon pricing of the offering.
In connection with the pricing of the Notes, Dropbox intends to enter into convertible note hedge and warrant transactions with one or more of the initial purchasers or their affiliates and/or other financial institutions (the “option counterparties”). The convertible note hedge transactions are expected generally to reduce the potential dilution to Dropbox’s Class A common stock upon any conversion of the Notes and/or offset any cash payments Dropbox is required to make in excess of the principal amount of converted Notes, as the case may be. The warrant transactions would separately have a dilutive effect to the extent that the market value per share of the Class A common stock exceeds the strike price of any of the warrants unless, subject to the terms of the warrant transactions, Dropbox elects to cash settle the warrants. If the initial purchasers exercise their option to purchase additional notes, Dropbox intends to enter into additional convertible note hedge and additional warrant transactions relating to the additional notes.
In connection with establishing their initial hedge of the convertible note hedge and warrant transactions, the option counterparties or their respective affiliates expect to purchase shares of the Class A common stock and/or enter into various derivative transactions with respect to the Class A common stock concurrently with, or shortly after, the pricing of the Notes. This activity could increase (or reduce the size of any decrease in) the market price of the Class A common stock or the Notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the Class A common stock and/or by purchasing or selling shares of the Class A common stock or other securities of Dropbox in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so during any observation period related to a conversion of the Notes or in connection with any repurchase of Notes by Dropbox on any fundamental change repurchase date or otherwise). This activity could also cause or avoid an increase or a decrease in the market price of the Class A common stock or the Notes, which could affect the ability of noteholders to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of the Notes, it could affect the amount and value of the consideration that noteholders will receive upon conversion of such Notes.
Dropbox intends to use a portion of the net proceeds of the offering of the Notes to pay the cost of the convertible note hedge transactions described above (after such cost is partially offset by the proceeds to Dropbox from the warrant transactions) and to repurchase shares of its Class A common stock from institutional investors. Dropbox expects to use the remaining proceeds of the offering for general corporate purposes, including repurchases of its Class A common stock.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful. The convertible note hedge transactions, warrant transactions, Notes and the shares of Class A common stock issuable upon conversion of the Notes, if any, have not been, and will not be, registered under the Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in
View source version on businesswire.com: https://www.businesswire.com/news/home/20210222005879/en/
Media Contact:
press@dropbox.com
or
Investor Relations Contact:
IR@dropbox.com
Source:
Monday, February 22, 2021
TERNA ENERGY’s wind capacity in Texas US faces challenges due to unprecedent weather conditions in the area – Βriefing of both investors and analysts
TERNA ENERGY’s wind capacity in Texas US faces challenges due to unprecedent weather conditions in the area – Βriefing of both investors and analysts
Following a press release issued earlier today on the occasion of the unprecedented extreme weather conditions prevailing in Texas, USA, TERNA ENERGY briefed accordingly both investors and analysts.
The following points were mentioned in the context of this briefing:
The Governor of the State of Texas recently issued a declaration of a state of disaster in all 254 counties of the state due to severe winter weather posing an imminent threat of widespread and severe property damage, injury, and loss of life due to prolonged freezing temperatures, heavy snow, and freezing rain across the state. The deep freeze has forced the shutdown of refineries and oil wells, frozen essential components of the state’s electricity and gas distribution systems and severely disrupted electricity generation by thermal and renewable assets in large parts of West/Central Texas.
TERNA ENERGY owns three wind projects in Texas aggregating 520MW in installed capacity. All three projects have been operationally constrained and have been unable to provide electricity during this unprecedented period, facing potentially adverse financial impact, as the company in its efforts to fulfill energy pre-sale related contracts that it had already concluded, like most producers, might be forced to proceed to energy purchases at high prices, which have reached up to $ 9,000/MWh.
However, the company is considering a number of measures for the optimal management of any financial impact that might arise, including the invocation of a “force majeure” event. At the same time, the company takes all the necessary measures, ensuring the health and safety of its personnel.
For the above reasons, the financial impact, if any, cannot be estimated at this time. However, if such financial impact exists, it can in no way exceed €90 million.
It is worth noting finally, that the obligations of all projects in the USA have not been affecting the parent company TERNA ENERGY or the subsidiary TERNA ENERGY USA and are limited solely to the projects themselves.
Information:
Investor Relations: Aristotelis Spiliotis, tel + 30 210 69 68 000, tspiliotis@terna-energy.com
Press Office & Public Relations: Danae Kalantidi, tel + 30 210 69 68 000, dkalantidi@gekterna.com
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