One – one continues to implement the critical milestones h Intralot from Sokratis Kokkalis, who personally accepted the Greek gaming company’s return bet.
With stock exchange value exceeding 715 million euros, FTSE Russell adds another valuable piece to the puzzle by including the stock in the index Mid cap and increase the visibility of the listed company to foreign investment capital.
Somehow, Mr. Socrates Kokkalis, 85 years old, which has continued to develop and expand its business movement for five decades, with Intralot as its front on the one hand and Intracom Holdings on the other, sees its shares Intralot to bring the recent closer together Maximum of 6 years (1.27 euros), leaving behind the big drop of the first days of August (it reached 1.10 euros).
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The next day
The listed company’s next bet, which we must not forget was stuck in Surveillance Category, There is no doubt about the promising US market.
Now Sokratis Kokkalis, who also has the CEO at his side, Nikos Nikolakopoulou“built” a significant position with dozens of active gaming solutions and organization contracts.
It is no coincidence that in the first quarter of 2024, with a total turnover of 85 million euros, the 50 million euros they came from the American continent.
Ambitions are even greater in the future, with management expecting significant growth thanks to the winning of lucrative new contracts.
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After all, Kokkalis himself has in the past described the vision of introducing the American subsidiary to the market New York Stock Exchange – although so far there has been no significant development in this direction.
The big rally
All this, of course, is eloquently reflected on the Avenida Atenas board, where the action is “running” in an increase of the order of +63% November 2023, but also almost +92% in the last 12 months. In 2024, however, the increase is now approaching +13%with the result that capitalization exceeds the 715 million euros.
Although this is a fairly high figure in relation to annual profitability (EBITDA 129 million euros in 2023), it clearly incorporates a large part of future prospects. After all, let’s not forget that investors they buy tomorrow and not today. And this is something that Socrates Kokkalis knows well.
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(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)