Well I have been here since 2008 and if the company is making money I and the rest of the longtermers are not seeing any of it in the sp and are down a fortune and not likely to recoup it any time soon.
Frankly, I would rather the company did not waste time and resources trying to appease impatient investors. Any forecast is likely to be so hedged with caveats that it is worthless and I can just imagine the howls of anguish from the usual suspects when their particular interpretation of what the company has said is shown to be incorrect. We know the company is making money now and that should be sufficient until audited accounts are published.
The rules over their entry to the Euro were fudged out of sight, it was always going to end in tears, if they fudge it again the Greeks will only consume vast amounts of European tax payers money again and then end up in exactly the same position(or worse) further down the line.
Unfortunately, the Greeks want their cake but seem unwilling to put in all the ingredients. This is what happens when your economy is weighed down by the public sector, with all the perks no country can afford. It will end in tears!
in my opinion it is a paper exercise and no more. If the Greeks have given a new proposal they have to at least seem to peruse it ( but which one though as they sent two propsals, hardly inspiring or confidence boosting. I still think the Greeks will go to the wall may help some of the other European countries Governments to focus the mind and make some of the hard decisions that are necessary if not always the most popular. Delighted that the measures that have bought a steady recovery to this country will continue. Saves us being in the mess that Stavros Balls would IMHO have got us into.
The EU finance minister meeting has broken up with no resolution, speeches and talks to continue. Who would have predicted that astounding outcome?
In the meantime Rome(Athens) burns, banks are bleeding money and Greek people praying for a miracle, I'm glad I'm not going there for my holiday this year however much travel company's reassure it's a bloody mess.
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