OPAP - kaufenswert !

 Also was für ein Schnäppchen ist denn die OPAP.

 

Nach Warren Buffett erfüllt es alle Kriterien : einfaches Geschäftsmodell,das krisensicher ist. Spielen liegt in der Mentalität der Griechen, deshalb wird das Unternehmen weiterhin profitabel bleiben. Konstante Gewinne jedes Jahr, relativ stabile dividendenpolitik, ein lächerliches KGV von 3 und eine Dividenrendite von knapp 20%. Ich fühl mich wie ein Kind im Süßwarenladen:) 

Wieso erkennt hier keiner das Potenzial der Aktie !? Der innere Wert liegt  über 15 € 

 

 

 

Ich möchte tiefer noch ein paar Schnäppchen-Stücke einsammeln. Also Pst ;-).  

nur wer günstig den einstieg wählte zum glücklich richtigen Zeitpunkt und die üppige dividende mitnahm wird kurz oder mittelfristig im gewinn sein...

aber wartet mal ab, wenn der drachmen eingeführt wird, was dann eure aktien wert sind ;)

heute wieder mal looser, wo einsteigen 3 euro? keine ahnung^^

 

Greece will focus on selling off state-controlled lender Hellenic Postbank and betting firm OPAP as it revives a long-stalled privatisation drive, a government official said on Tuesday to Reuters.

"Postbank and OPAP are the priorities in our privatisation drive," the official, who declined to be named, told Reuters after a meeting between the finance minister and the prime minister on privatisations.

http://english.capital.gr/news.asp?id=1574851

 

hat nach herben Verlusten alles bei Kaufen belassen, nur das Kursziel von 12 auf 10 € korrigiert.

Wo war der denn als die Aktie bis auf 3,50 € abgestürzt ist? Was solldas eigentlich ? Wie verdienen Die ihr Geld ?  

 

 was is denn heut mit OPAP los. Rießiges Volumen und der Kurs stürzt dermaßen ab..

Hab ich was verpasst !? 

 

Gut zum nachkaufen :D

 

sehe da auch nicht recht das Problem, eher gut ...  

der Privatisierung zahlen soll.

diese sollen auf Druck der EU aufgrund des WW-Vorteils auf 30% erhöht werden. Ggw. liegen sie wohl deutlich darunter...
dies würde das Ergebnis natürlich massiv schmälern.

OPAP selber "weiß von nix":

http://www.4-traders.com/...y-the-Capital-Market-Commission-15199356/  

Football Prognostics : Response to the enquiry made by the Capital Market Commission
09/14/2012 | 10:30am US/Eastern

In response to the Capital Market Commission's enquiry No. 3583/14-9-2012, related to press reports regarding the amendment of OPAP's taxation framework, the investors' community is thereby informed of the following:

The company has not received any notification regarding any amendment of the tax regime concerning OPAP's operations.

Investors will be informed in due course regarding any changes that become known to the company's Management.

OPAP S.A.

Peristeri, 14.09.2012

http://www.4-traders.com/...y-the-Capital-Market-Commission-15199356/  

Football Prognostics : Greece Set to Privatize Gambling Monopoly
09/12/2012 | 01:35pm US/Eastern

ATHENS--Greece's privatization agency said Wednesday that it was ready to move ahead with the sale of gambling monopoly OPAP SA (OPAP.AT), marking another step toward jumpstarting the country's moribund privatization program.

In a statement, the Hellenic Republic Asset Development Fund said a board meeting would be convened next Wednesday, Sept. 19, during which the board would takes steps to launch "the international tender process for the sale of 29% shares in OPAP."

The company is one of the crown jewels of Greece's privatization program. The move comes a day after the agency--following months of delay--announced similar steps to push forward with a flagship, multi-billion euro property tender and proceed with the sale of the country's natural gas monopoly.

At its meeting next week, the board is also expected to name the winning bidder in an estimated 200 million euro ($257.8 million) tender to operate Greece's national lotteries for 12 years--effectively completing the country's first privatization so far this year.

Greece's privatization program is a key part of a broader plan put together by its international creditors to pare its massive debt burden and attract investment into its recession-ravaged economy.

But the program has gotten off to a slow start. Originally tasked with selling up to EUR50 billion in assets by 2015, the privatization agency is now struggling to meet even its reduced target of EUR19 billion by that year.

Earlier this year, amid the political uncertainty surrounding Greece's back-to-back elections in May and June, the agency froze the privatization program altogether and its chairman resigned. As a result, the agency looks unlikely to meet even this year's goal of raising EUR3 billion from privatizations.

The share sale in OPAP, which has an overall market capitalization of around EUR2 billion, could help. But the privatization has also been held up by concerns from the European Commission's competition agency over Greece's differential tax and regulatory treatment of OPAP.

The company, which is both state-controlled and holds an exclusive gambling monopoly through 2020, enjoys a favorable tax rate on some of its gaming operations, something that has drawn complaints from privately owned betting companies.

But according to agency officials, those concerns have been overcome, with the commission withdrawing objections blocking the OPAP sale.

Write to Alkman Granitsas at alkman.granitsas@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

http://www.4-traders.com/...-to-Privatize-Gambling-Monopoly-15194953/  

"The share sale in OPAP, which has an overall market capitalization of around EUR2 billion, could help. But the privatization has also been held up by concerns from the European Commission's competition agency over Greece's differential tax and regulatory treatment of OPAP.  

The company, which is both state-controlled and holds an exclusive gambling monopoly through 2020, enjoys a favorable tax rate on some of its gaming operations, something that has drawn complaints from privately owned betting companies.  

But according to agency officials, those concerns have been overcome, with the commission withdrawing objections blocking the OPAP sale."

 

immer noch eine spottbillige Aktie ...  

 

Greece’s biggest gambling company, dropped the most in 11 years after a media report said the European Commission may ask for the company’s land-based games tax to be raised to adhere to EU regulations.

Shares dropped 17 percent to 5.19 euros in Athens, marking the biggest one day decline since April, 2001, cutting Opap’s market value to 1.7 billion euros ($2.2 billion).

The EC rejected the Greek government’s proposal for a gradual increase in the company’s tax rate to 30 percent of gross profit by 2020 and asked that it be raised now, to be in line with other betting companies, Kathimerini newspaper reported, without citing anyone.

“The company has not received any notification regarding any amendment of the tax regime concerning OPAP’s operations,” Opap, of which the Greek state holds 34 percent, said in an Athens bourse filing today.

Greece’s government, which is committed to raising 50 billion euros from state asset sales by 2020 to meet conditions tied to two international bailouts, has to clear EC regulation hurdles before it can move ahead with a planned sale of a 29 percent stake in Opap. The company last year extended its monopoly on sports betting in Greece to 2030.

“From a shareholder’s point of view the news is certainly negative if finally confirmed,” Alpha Finance analyst Angelos Chorafas said in an e-mailed note today before Opap’s statement. Eurobank EFG Equities removed Opap from its top picks list today citing “rising uncertainty in the last few days.”


http://www.bloomberg.com/news/2012-09-14/...-report-athens-mover.html  

Ja wie hoch isse denn? 2010 lag sie meines wissens bei 35%, 2011 bei 22% wie aus diesem Dokument hervorgeht,
http://www.opap.gr/documents/11503/180675/...Info_Release_FY11_EN.pdf
Der Analyst von der Eurobank schreibt hier das EPS könnte sich halbieren falls in Zukunft die Steuerquote auf 30% angehoben wird...
http://content-aka.imerisia.gr/pegasus/Multimedia/...14_id3302448.pdf
Wie soll sich da bitte das EPS halbieren wenn statt 22% nun 30% gefordert werden??
Entweder er kann nicht rechnen oder er wird fürs manipulieren gut bezahlt...  

Habe heute etwas recherchiert was OPAP angeht und halte die Aktie auf dem momentanen Niveau für sehr aussichtsreich.

Die Pros und Contras aus meiner Sicht:

+ Krisensicheres Geschäftsfeld; Monopolstellung; Dividende, extrem günstig.

- Evtl. Steuererhöhung; Währung falls die Drachme kommt; wenig Infos und viele Unsicherheiten aufgrund der Situation in GR (evtl. neue Sondersteuern, Bilanzfälschung usw.)

Trotzdem sehe ich die Chancen für eine Verdopplung höher als für einen Totalverlust.  Die Frage für mich ist nur der richtige Zeitpunkt zum Einstieg.

Würde es mehr Sinn machen bis zum 19. zu warten wenn die Aktien aus dem Staatsbesitz den das Angebot fluten? Oder sind die sowieso schon an die Großinvestioren verteilt und haben keinen Einfluss auf den Kurs?

 

 

 

bin mal gespannt ob die 5 halten...  

Meiner Ansicht nach reagiert der Kurs total über, wir könnte es hier auch mit einer größeren Gewinnmitnahme seit dem Tief zu tun haben. Sehe es wie der Vorposter weiter oben, das eine veränderte Steuerquote von ein paar %-Punkten keine großen Auswirkungen auf die Finanzkraft und die Ausschüttungsquoten von Opap haben dürfte. Zumal noch nicht einmal Opap etwas von höheren Steuersätzen weiß

Also erstmal ruhig bleiben und günstig einsammeln. Die nächste Weihnachtsdividende kommt

 

Athens Stock Exchange moves higher above 750, while the share of Coca Cola Hellenic climbs.

Having completed seven consecutive upward weeks, Greek market holds a large part of recent gains, while all eyes are tuned on the negotiations between the Greek government and the international leaders concerning the new budgetary measures.

Domestic Market continued its rising streak for a seventh week in a row, a record not seen again in the last six years, after posting small gains on Friday, Beta Securities said in a morning report. Session could have ended significantly higher if it wasn’t OPAP’s pressure which has 7% impact on overall market cap. Gaming company OPAP dropped by 16.6%, the most in 11 years since the first IPO after a press report that the European Commission may ask for the company’s land-based games tax to be raised to adhere to EU regulations. OPAP responded to the Capital Market Commission enquiry by stating that the company has not received any notification regarding any amendment around the tax regime concerning its operations.

Today volatility may be eased and a stabilizing closing at the end of the day may follow as most stocks have retreated from local highs as profit taking was present in the last two sessions. Near term support is at 725 points (FTSE 268) where we would look for some buying activity.

Beta also expects OPAP’s shares to remain in the spotlight in today’s session.

On the board the General Index stands at 753.90 1.47% higher.

The banking index jumps 2.06% at 298.84.

The trading volume reaches 16.5 million euros while 55 shares move higher, 21 decline and 19 remain unchanged.

http://english.capital.gr/News.asp?id=1616067  

...Talks on Opap Tax Issues Ongoing

Greece is in talks with the European Commission’s competition regulator on the taxes levied on games of chance in the country, according to a filing yesterday by Opap SA (OPAP), Greece’s biggest gambling company, at the Athens bourse.

The Greek state has been in talks with the regulator for “a long time” on the games of chance tax issue and the talks are ongoing, according to a statement by the Finance Ministry, made in response to a querie by the Hellenic Capital Markets Commission.

The Greek regulator enquired on Sept. 14 about a Greek media report that said the commission may ask for Opap’s land- based games tax to be raised to 30 percent immediately to adhere to European Union regulations.

http://www.bloomberg.com/news/2012-09-18/...razil-m-a-compliance.html  

"- Regarding the highly privileged tax status of OPAP, the report noted that there are reactions from RGA, as OPAP is taxed at 5% and VLTs will be taxed at 30% like gambling online."

http://www.game4ward.com/en/2012/03/19/...tibank-estimate-future-opa/

von 5% auf 30% .....  

Hier dreht es sich um das Zusatzgeschäft der 30.000 Automaten die Opap aufstellen will bzw. gerade dabei ist es zu tun! Also keine Steuererhöhungen für das klassische Geschäft, sondern die Zusätzlichen Einnahmen die über das VLT Geschäft kommen werden höher besteuert als das Basisgeschäft.

 

aber:

"OPAP is taxed at 5% and VLTs will be taxed at 30%"

OPAP zahlt also als Unternehmen nur 5% Steuern. Diese will die EC ja auf 30% erhöhen...  

oder seit wann darf die EU in das nationale Steuerrecht eingreifen? Opap ist doch nur im griechischen Markt aktiv?

 

bei einer öffnung des griechischen wettmarktes würde es sonst zu wettbewerbsverzerrungen kommen.