“Inflated” by at least +5%, the cash reserves of the listed Mid-Caps appear at Athens Stock Exchange.
And this, because the 20 companies in the FTSE Mid Cap index have one cumulative fund worth more than 2.20 billion euros in the first half of 2024 against 2.09 billion euros in the previous year
A development highly indicative of this healthy financial direction of companies, which is also confirmed by durable profitability.
Stock Exchange – Listed: More than 7.8 billion euros of funds “rained” in the last 2 years
81% in just “6”
The biggest fund at the moment is in her hands Optima Bankwhich holds cash and cash equivalents worth 730 million euros. This value is 153 million euros higher than last year (+26%).
THE ADMIE Holdingsfor its part, it sees cash at 322 million euros, an increase of 31% or 77 million euros compared to last December.
With a high bottom it continues too PPAwhich in the first half of 2024 recorded an improvement of around +3.5% in percentage terms, meaning that the total value of cash reserves stood at 209 million euros.
From then on, despite the marginal reduction compared to 2023, its administration Intracommunication maintained a robust fund of 161 million euros, with Intracat and Participation in missions reach 114 and 101 million euros, respectively.
It is worth mentioning that the six companies above represent the 81% of total cash reserves of the 20 listed on the FTSE Mid Cap, given that they have a value of 1.6 billion euros.
Latsis: The “divorce” with Lamda and investments in companies on the 3+1 Stock Exchange
The remaining 600 million euros are thus distributed among the remaining 14 mid-cap companies.
+5 cases
Of course, there are still five cases that deserve special mention.
For example, based on data so far in 2024, the Intralote has a fund of 85.4 million euros, h AVAX manages a stock of 81.1 million euros, h HE HAS maintains a “cash” of 74.6 million euros, which EYATH has 68.3 million euros in hand, while the Idealdespite the large drop due to the sale of subsidiaries Astir Vytogiannis and Coleus, it sees available cash at 52.2 million euros.
It should be noted that cash and cash equivalents are taken into account moneythe bank depositsas well as channels in other financial products which can be settled and used directly by the management of the respective company.
FTSE Mid Cap listed companies with the largest fund
• Banco Optima – 730 million euros
• ADMIE Participações – 322.3 million euros
• CAE – 209 million euros
• Intracom shares – 161.4 million euros
• Intrakat – 114.6 million euros
• Quest Holdings – 101.7 million euros
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any share)