KER_0303_FULL

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  • 3 2013

    1www.kerdos.grp

    KEPO2

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  • 4 2 3 2013

    www.kerdos.grpKEPO

    , BUSINESS PLANS

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    -

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  • 5 2 3 2013 KEPO

    www.kerdos.gr p

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  • 6 3 2013

    www.kerdos.grpKEPO

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    Copyright: Project Syndicate,2013

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  • 7 3 2013 KEPO

    www.kerdos.gr p

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  • 3 2013

    www.kerdos.grp

    KEPO8

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    - , - , - . -, - - 74 - - , 100 . . -

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    86 , hypermarket. - - , , - .

    , franchise.

  • 10

    3 2013

    www.kerdos.grpKEPO

    MWC

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    FiraGran Via, - , -

    , MMoobbiilleeWWoorrlldd CCoonnggrreessss ((MMWWCC)), 70.000 - , . smartphone, NFC, - - , . , MultiVendor Loyalty System, - , -, HHootteecchh.

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  • 12

    3 2013

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    A | A [email protected]

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    5 , - 150 ., - , - 640 , 90 150 330. - project, , 2015. - MMeedd SSeeaa HHeeaalltthh - MMaarree VViillllaaggee , , - .

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  • 13

    BIOMHXANIA 3 2013 KEPO

    www.kerdos.gr p 1,5 . 2007 2012

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  • 15

    3 2013 KEPO

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    16

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    ,

    TEDx Athens:

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    , start-up

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    20

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  • 22

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    EUROPEAN BUSINESS AWARDS

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    - . - European BusinessAwards rebranding - , . --, RRSSMM GGrreeeeccee.

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    23

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    24

    3 2013

    www.kerdos.grpKEPO

    ERNST & YOUNG G20

    G20 .

  • 26

    3 2013

    www.kerdos.grpKEPO

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  • 27

    3 2013 KEPO

    www.kerdos.gr p

    -

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    28

    3 2013

    www.kerdos.grpKEPO

    Daily Secret: T success story

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    O 32 . , Daily Secret

  • 30

    3 2013

    www.kerdos.grpKEPO

    - - -

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    31

    3 2013 KEPO

    www.kerdos.gr p

    29

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    32

    3 2013

    www.kerdos.grpKEPO

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  • 33

    3 2013 KEPO

    www.kerdos.gr p

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    . 34

  • 34

    3 2013

    www.kerdos.grpKEPO

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    . 33

    TOY |

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  • www.kerdos.grp . , -

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    3 2013 KEPO 35

    SkyTeam Virgin Atlantic, . 36

    H First Reserve 20 . Glecore,

  • 36 37

    3 2013 3 2013 KEPO

    www.kerdos.gr www.kerdos.gr ppKEPO

    VViirrggiinnAAttllaannttiicc:

    SSkkyyTTeeaamm, - - DDeellttaa AAiirrlliinneess.

    FFiinnaanncciiaall TTiimmeess - (Chief Commercial Officer) Virgin Atlantic .

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    38

    3 2013

    www.kerdos.grpKEPO

    TOY |

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  • 39

    3 2013 KEPO

    www.kerdos.gr p

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    40

    3 2013

    www.kerdos.grpKEPO

    ,

  • -, PPwwCC, -,

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    41

    3 2013 KEPO

    www.kerdos.gr p

    PWC CEOS

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    42

    3 2013

    www.kerdos.grpKEPO

    TOY |

    mobile ,

  • FRANCHISEwww.kerdos.grp

    3 2013 KEPO 43

    - - .

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  • 44

    FRANCHISE 3 2013

    www.kerdos.grpKEPO

    - FRANCHISEE

    franchising

    150 - 15 -

    1144 -- FFrraanncchhiissee. franchisees, - franchise , - 50 , 1.000 .

    , -, MMSSOO --MMaarrkkeettiinngg SSeerrvviicceess OOrrggaanniizzaattiioonn 1.325 -. - 5.000. - , - - franchise.

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    - (franchisee), 64,20%, (18,93%) aster Franchisor, concept . , 16,86% franchise , concept.

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    /

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  • 45

    FRANCHISE 3 2013 KEPO

    www.kerdos.gr p

    - -- FFrraanncchhiissee22001133 - -

    PPaallmmiiee bbiissttrroo, , 6 - , FFrraanncchhiissee , Palmie bistro - , - - - FFrraanncchhiissee, FFrraanncchhiisseeBBuussiinneessss - . 22 - 2012, , . franchising - 450 - franchising - .

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    FRANCHISE

    franchising

    O franchising , 450 franchising

  • 46

    FRANCHISE 3 2013

    www.kerdos.grpKEPO

    15 FFrraanncchhiissee - 8 11 2013 HHeelleexxppoo PPaallaaccee -.

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    :, 8/3/2013 - 18:00 - 21:30, -, 9/3/2013 - 10:30 - 21:00, ,10/3/2013 - 10:30 - 21:00, ,11/3/2013 - 10:30 - 21:00

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    15 FRANCHISE

    TOY |

    franchise franchisee

    TOY |

    :

  • 47

    FRANCHISE 3 2013 KEPO

    www.kerdos.gr p

    franchise - . - :

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    TOY |

    T | &

  • 48

    FRANCHISE 3 2013

    www.kerdos.grpKEPO

    franchising , -

    , , - , - , 1 150 franchise , franchise 99 . -, 30 - franchising - , , 100 franchise - 2012 - .

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    FRANCHISING 2013

    E

    TOY |

    150 , franchise, 2012 70,000, . 36% , franchising 2% 0,2%

  • 49

    FRANCHISE 3 2013 KEPO

    www.kerdos.gr p

    (sic) -

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    - ,

    -, . , - - - -.

    , - : -

    - -, - - business plan .

    - cafe,snack, fast food 20-35, - 50%.

    - , 30%, -- .

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    - -.

    - -, .

    - 100% ,

    - .

    , - -

    . . - - .

    - , .

    , , -. - - .

    . --

    : ;

    TOY |

  • 50

    FRANCHISE 3 2013

    www.kerdos.grpKEPO

    -, - - -

    franchise - franchisors franchisees franchisees - - , , - .

    - franchising - , , - ( ) - , - .

    - - - .

    , -, franchising -

    , - . - -

    franchisees , - .

    franchisors, , -

    . -, , .. - 25%, . . :, .

    franchise, Franchising -, - - - - - - - franchising - , franchising -

    . , -.

    - franchise - , - , -, , - .

    ( http://www.franchiseblog.gr/?p=1943)

    . .. -- franchise

    The Franchise Co.(www.thefranchiseco.gr) -

    DaleCarnegie Training Hellas

    (www.dalecarnegie.com).

    - ,

    , Big is Beautiful - .

    - franchising , .

    franchise ; -, - - franchise, . , ( ) - -.

    , - franchise.

    , - . . -

    :

    // --

    - . .. -, / , - - . , ( ) , - .

    1989 FC&DThe Development Experts (.fcd.gr) -, -. : franchise .

    - marketing - - (FSD, FranchiseSupport Department) - , - , . - -.

    + , , -, .. - - -. ( !)

    , - ( ) !

    : - franchise , ;.

    - -, , -, - .

    , , - , - .

    - - : . . . - . -, franchising. - - , -, , , , ..

    . --

    FC&D The DevelopmentExperts

    X , , !

    TOY |

    - -

    TOY | -

    +,

  • 51

    FRANCHISE 3 2013 KEPO

    www.kerdos.gr p

    DDoonnuuttSSppoott -

    , - . Donut Spot , . Donut Spot - , donut. donuts & toppings , donut , - . -

    toppings bain marie donut . donuts . - NNeeww BBuussiinneessss - .

    donuts , , . Donut Spot - espresso - cafe UUnniivveerrssaall!

    Universal concept - & Franchise, New Business - . design New BusinessConstruction. design - , - , DonutSpot - donut & ! marketing clientservice . -

    25.. , - , . Donut Spot - . - - -. To Donut Spot , , ! Donut Spot -!

    Project Leader

    Donut Spot

    DONUT SPOT

    hot spot

    franchising - : ) - -

    franchising MasterFranchisors, ) franchisees, ) franchise - -. .

    - -. , - , - 40% - . .

    - franchising , - , .

    , . , franchising -

    , .

    : . , -, .

    MasterFranchisors , , - /- . - , , ( ) , - .

    franchisees , (, ,), - marketing - , .

    franchisor (.. , ) - - .

    franchise -- . franchising ( ) . - , - , franchisor : : -; / -; franchise : , Brand; - ( ) - concept - ; -

    ; , ; - franchisee; , ; concept - ; franchisor / ; .., , site, .. - .

    , franchisee , -.

    . -

    , Marketing, ,

    & Franchising([email protected])

    FRANCHISING

    TOY |

    T |

    franchisee ,

    concept & Franchise, New Business

  • 3 2013

    BUSINESSwww.kerdos.grp

    KEPO52

    - -

    (franchising). 46 - , . .

    , , -, - - -.

    Food Market - .

    FOOD MARKET: O FFoooodd MMaarrkkeett ,

    . ABFood Market .

    Food Market +/- 350.. 700 .. - . 20-25 , - , - .

    franchise -, : - -, -. , .

    , - , - . - (, - , , , -, -, merchandising, ). - . .

    franchise - 210 12 Cash & Carry - 268 .

    HIGH LIFE HAIR EXTENSIONS

    HHiigghh LLiiffee hhaaiirrpprroodduuccttss, LLaammnnaaGGrroouupp 1968,

    - , - .

    High Life hair products 40 - - , - , - - -, - .

    - , - -, , hair extensions, & - clips 100% - , - . -

    - High Life HairProducts , - brands -.

    - High Life hairproducts , , , ,

    . - brand name - , -, - , - .

    High Life hair products - - - - , , -, , , - , - .

  • - - DDrrooppssLLaauunnddrryy SSeerrvviicceess -

    success story , - 2011, - 22 13 6 7 franchisees. , 12 (. , . ,, , . , ., , , ,. , , ). 14 - DDrrooppss DDeelliivveerryy .

    Drops Laundry Services 2 - -, - ,minimal design - . - , Delivery, , - & - Diversey.

    -

    (500.000), 2013 - .

    DropsLaundry - , - - - Diversey - PERC. ,, ,

    , .

    2013, - , Drops Laundry 1 - 3franchise , .

    franchise -, 50 .., 50.000. - -, . - 20 22, - - .

    Drops Laundry Services - . - 27, 14 - franchise. - , - 10 .

    - Drops Laundry, B2B - - , - spa, , ..

    Drops LaundryServices - , , - . - - .

    53

    BUSINESS 3 2013 KEPO

    www.kerdos.gr p

    Drops Laundry Services:

    2012 FFrreesshh LLiinnee,

    . - 6 , 24 , 13 20% 2012 - - - .

    Fresh Line 1992 , - - - . , - 40 .

    - - . 2.500 .. -, &merchandising,

    , - - - .

    -

    - .

    Fresh Line - ISO 9008:2001, - ICEA. - Franchise, BestFranchise Workplace,

    . Fresh Line, -- -- - - .

    Fresh Line - 2004, -

    - - - -. - 13 - , 190 . , .

    2013 - , , -, , , -, , -.

    , FreshLine , - 2014. - 30 2013.

    FRESH LINE

    , Drops Laundry ,

    , Fresh Line , 2014

  • -

    . , - ee--lleeaarrnniinnggGGrraappssaa VViirrttuuaall SScchhooooll, .

    1984 5 (-, , , ) 50.000 - , -. - .

    . - , , 60.000 . -, , .

    27%, - -. - . .. , -, - . - .

    - ,

    2012 franchise , . .

    franchise - -: . -

    franchisee .

    .

    .

    marketing ( -, -).

    - 1.000 - . (GetWhatYouNeed, The FlexibleChoice, Peer Teaching,

    Write&Win) . team.

    , - -- .

    , ---- Certificate ofRecognition -- -.

    GRAPSA-100 franchise GRAPSA-100: franchisee - 100 1 -, 1 royalties!

    54

    BUSINESS 3 2013

    www.kerdos.grpKEPO

    E-LEARNING GRAPSA VIRTUAL SCHOOL

    1984 5 - ,, , - 50.000

    .. - ,

    , - , , -, , , - , - . - - 30 - .

    , - - - : . - . , -, - . - . , - .

    After sales service , , - .

    , , - - , - HHSSBBCC, -- ,

    , CCiittyy BBaannkk, VVooddaaffoonnee, , CCoossmmoottee, - HHeellvveettiiaa,, IInntteerraammeerriiccaann &&AAlllliiaannzz, PPrriinnccee OOlliivveerr, AAlleexxiiAAnnddrriioottttii, BBooddyyttaallkk, EElliittee, MMiiggaattoo, ( ,, FFllooccaaffee,, ,, ..), - ,, -- , .. .. - SSiimmppllyyBBuurrggeerr, CCaarrggllaassss, DDiivveerrsseeyy, MMiimmaayyaa, - IInnffooqquuaalliittyy PPiinnkkoo ( ) RRaakkaass ggrroouupp.

    .

    30

  • 2004 , -- --

    - bakery CCAAKKEE .

    - - , .

    - - - , CAKE .

    2008 - franchising , - - , ..

    To 2013 CAKE - celebrity-chef -- Sweet& Skinny , - - Hollywood . : , , . - . -, , -. - - . 1999 - . - - , -

    Greystone. , Rubicon, The Slanted Door,Ame, LuLu and Yoshis, SanFrancisco Chronicle,Michael Bauer. - -: Oprah, Food & Wine,Bon Appetit, People,Details, Shape, Food Arts,and Fitness magazine.E Elle, , .. - - , - .

    - - Top Chef Season 2! - . Food Network Challenge ,

    - . , - - -. - - , . -, ! - - . - chocolatefudge cake, -, Top Chef - Food &Wine .

    -- CAKE ,carrot cake, cheese cake,fudge, banoffee .. light - , cake stevia 12 cupcake!

    , , -, , ,, -.

    55

    BUSINESS 3 2013 KEPO

    www.kerdos.gr p

    CAKE

    To 2013 CAKE - celebrity-chef, , Sweet &Skinny ,

  • YYooggeenn FFrruuzz 1986 AAaarroonn

    - 1.500 50 . Yogen Fruz , , . - - . Yogen Fruz 100 . - 1 EErrnnsstt && YYoouunngg 1 500 franchises. 50 franchises. , 1 Franchise .

    Yogen Fruz - - (frozen yogurt, froyo) -

    . , , -, (probiotics)/ .

    MISSION STATEMENT UUnniigglloobbaallGGrroouupp -

    Yogen Fruz - . 100% - .

    Uniglobal Group 10 - : Athens Metro Mall, .

    , .

    Village Roadshow Rendi,

    :

    56

    BUSINESS 3 2013

    www.kerdos.grpKEPO

    100 YOGEN FRUZ

    ,

    IIoonniiooss BBrrookkeerrss - .

    2006 2009.. - Ionios, - 2 - 29.000 . retail franchise.

    200 - 2017 - .

    Ionios ( - ). ,, real estate -, -. real estate

    - IIoonniiooss FFiinnaanncciiaall && IIoonniiooss RReeaallEEssttaattee .

    2009 - - Ionios - . -. Ionios 31 - franchise 27 -

    . 35 - 2012.

    , Ionios - .

    IoniosBrokers -

    . - . - - - - .

    - - franchise. franchise -

    . franchise 2 2009.

    Ionios Franchise - - (- )., Real Estate, (- , -), - -.

    Franchisee , - - - ( -, , ). - .

    franchise - .

    FRANCHISE

    Ionios Brokers

    franchisee -

    Yogen Fruz

  • HFFooccuuss--OOnn GGrroouupp - 2008 -

    , . - . - , - - .

    -, Mobile Application,Social Media Marketing, - , .

    2010, Focus-On Group Franchise . - , , master - .

    franchise -

    Focus-On , , - Internet, Social Media(Development, Marketing), applications IOS,Android, Windows, (Website, Flashsite, Eshop), -, DomainName, S.E.O, AffiliateMarketing, , 70%, .

    , 2013, - ,, , .

    ::WWeebb ddeessiiggnn,, EE--CCoommmmeerrccee,, SSEEOOSSeerrvviicceess,, HHoossttiinngg,, AApppp DDeessiiggnn,,SSoocciiaall MMeeddiiaa DDeevveellooppmmeenntt,, OOnn--

    lliinnee CCaammppaaiiggnnss.. AAffffiilliiaatteeMMaarrkkeettiinngg,, DDiiggiittaall MMaarrkkeettiinngg,,BBrraanndd LLooyyaallttyy,, OOnn--lliinneeAAddvveerrttiissiinngg SSooffttwwaarree,, BBuussiinneessssDDiirreeccttoorryy,, SSmmss MMaarrkkeettiinngg,,SSeemmiinnaarrss.

    :: - , - -, - , - , -

    , - , - - , - -. - , , , - - AAppppllee, MMiiccrroossoofftt GGooooggllee. - , -. : NNoovvaa,, FFMMDDeeAAggoossttiinnii,, KKeemm EExxppooFFrraanncchhiissee HHeellllaass,,PPaarraapphhaarrmmaacciiee,, MMaaxx SSttoorreess,,KKeennwwoooodd,, SSiiaa HHoommee FFaasshhiioonn,,AAttrriinnaahhoouusseess,, BBiigg AAppppllee

    AAtthheennss,, .

    Y FOCUS-ON

    H - .

    - , -, , , marketing -.

    - .

    .

    .

    - .

    H FOCUS-ON

    18.000 250.000 Unique Users/month 2.500.000 Page Views/month 80-120 Projects/month 2 master 8 17

    HCCrreeppaallaanndd - -

    , - . - 90, - . ,, -, . 1998 - Crepaland, . 2005 - - , , , , - Crepaland target group .

    , ISO22000, - -. - , , , - .

    - Crepaland :

    . Crepaland - , , . shop in shop, -, 10 . Crepaland, - - . , , brand name , target group. - , .

    57

    BUSINESS 3 2013 KEPO

    www.kerdos.gr p

    FOCUS-ON GROUP

    BRAND NAME

    Shop in Shop Crepaland

    franchise o Focus-On ,

    Crepaland ,

  • H EEccooffiillll,, - ,

    (inkjet - laser tonercartridges), , -. , - , .

    - : - , - - , (cartridges) - , - ( internet ), - - ISO 9001:2008 (-)& 14001 : 2004 (- ),

    - ISO 19752 ISO 19798, .

    ;;

    11.. 550000 .

    22.. - laser 33--44 ..

    33.. - 22 ( ).

    - : -, , . --

    -.

    - Ecofill: ,, -- ,, --,, ,, ,, -- -- ,, ((,, --,, ,, ,, --)),, ,, -- ,,

    ,, ..

    . --, - EEccooffiillll , - .

    , - EEccooffiillll after sale service , - :

    11.. -

    - , EEccooffiillll,, : - service - -, 22 . .

    22.. EEccooffiillll - .

    - 1 3 ( - ).

    ECOFILL

    -. , - , -

    e-invoicing, , , 60%. , --, , - RReettaaiill@@LLiinnkk - . 2004, - - , .

    ;;, - . ,, 12 . , - - 2020(IP/10/1645), - e-invoicing. , , 60%( -), . , - 12.000.000 2012. - e-invoicing 2006, e-invoices 20% , 2011-2012 - . , , 20.000 ,

    200.000 ( ).

    -- ;; - . - - (Equal Treatment) . , - - . 1/1/2013, - - - , - : , & - -. , , - : 11.. ((DDiiggiittaall

    SSiiggnnaattuurree))

    22.. -- (())

    33.. EEDDII, , - e-invoicing, - . - - . , - -.

    RReettaaiillLLiinnkk;; ;; Retail@Link , e-invoicing. 2003, -, - FMCG. , Entersoft, ERP & CRM. , - . , Retail@Link - , - 6.500.000 e-invoices - 7.500 -.

    , - Retail@Link e-invoicing, - . , in-house , , - - - .

    -- ee--iinnvvooiicciinngg;; e-invoicing : e-invoicing ERP . , -, . e-invoicing - , Retail@Link, ROI 2-6 -. outsourcing, - , , - , - - ..

    58

    BUSINESS 3 2013

    www.kerdos.grpKEPO

    , Retail@Link

  • 59

    BUSINESS 3 2013 KEPO

    www.kerdos.gr p

    realpolitik 2013

    Grexit , - -

    , - - .

    , , - . - (- ) , - .

    ( - - ) - ;

    . ;

    .. . - - - -. , , , , . - (, ) -

    , - - .

    .. - - 2008-09, - - -

    . , 100.000 .. 15% 20 . .

    - - :

    )) - 4 95%!!!;

    )) - , - 15 , ;

    )) - - - - - ;

    , - - .

    .. -

    - . 2013-2018 4 - , - - . , , - , .

    - , - - , -, .

    . , ( ) - 4 .

    . .. -

    Engel&Volkers, Athens North &Athens Uptown Immobilienz ,

    Engel & Volkers Residential GmbH

    TOY | .

    .

  • 41 , -- - ,

    , , -, -, , - .

    , 100.000 - - , o - 250 , , , .

    , - - -, . - , - .

    , -

    , , - - . , decafeine, , - Coffeeright - , .

    :

    - - , . - , - . -, - & -

    , - , ISO 9001:2008,ISO 22000:2005 ISO14001:2004.

    - , - franchisees, - - - .

    : - : 2013 - (Best Value for Money Product) - 2 . 2012 - (Best Value for Money Product). 2011 - Franchise (BestFranchise Leader) . ,

    . 2010 - Franchise (BestFranchise Workplace). 2010 , & - (). 2009 - (Best Internal Organization).

    . , - - :

    -- 22001133 ccoonncceepptt,, -- ,, -- -- --..

    -, - 2013 --

    , . - , - - , - 32 . , 7 - ( - , ,) 25 . , 2012 . 2012 - - 915 . , 806 , 109 .

    , ,

    30% . - - , , -

    -

    . ,

    , 2012 -

    -, . , - - , - ,

    , -. , 2012 - . , - , , , -, ., , - , .

    60

    BUSINESS 3 2013

    www.kerdos.grpKEPO

    32 .

    - - - . 2012 2013, . 2013 :

    : -. , 7% 25%. - -.

    : () 3, - -.

    : - . , - - .

    :: , 4% - EEuurroobbaannkk - .

    4

    & COFFEERIGHT

    !

  • 68-70

    Portfolio 3 2013

    64-65

    No 1,3017

    ,

    67

    66

    A | - [email protected]

    1.000 - 1,29%. , 10,88%. - , -, - 2012 .

    VALUATION & RESEARCH -

    - , - . , & VVaalluuaattiioonn && RReesseeaarrcchh SSppeecciiaalliissttss. . - - -

    , - , , .

    , - - , . - - - , - .

    , - , - .

    BETA SECURITIES,

    1.049 - - 30 , . MM-- , BBeettaa SSeeccuurriittiieess. - 50 , 970 (960 - 950 ) . - - .

    , . -, - - - . 2013 1.052 .

    10,88%

    ,

  • 63KEPO 3 2013

    . : 2 1 0 3 3 6 3 8 0 0 - F A X : 2 1 0 3 2 4 3 9 0 3 M E O T O Y X . A . A .TTMMHHMMAA AANNAAYYEENN

    1,29% , - - . - . - - sequestration ( - ) . 980 950 , - 1.030 1.050.

    1.000 -, - - 50. . - - , - 7% - 2012.

    - , , 5 (, ,, , ).

    FTSE25 EEuurroobbaannkk -, .. ,.. --, AAllpphhaaBBaannkk MMIIGG, - -

    , , , , .

    - , -, , , - 2,5%. - - , -

    9 7 0- . -,

    -,

    - - - , -

    , - - -

    (+0,55%) - 1.000 .

    0,38% 991,56 ,

    30 - (3,07%).

    , 1.000 , - . - 50 . - - 11,34 . - , - 14 -. FTSE25, - EEuurroobbaannkk, .. AAllpphhaaBBaannkk. , , - 1,00 - .

    2,15% 1.000 - - .

    FTSE25 - , FFrriiggooggllaassss, EEuurroobbaannkk ( 10,29%) - JJuummbboo. - 1.007,99 0,95%. 20,9% 1.019,34. - 2,15%., - 16,4% , 2,93% ( 5,43% -) 171,89 .

    , o - 1.000 - - - . - 8 1,30 . , .

    :: 1111,,99%%

    . 11,9% 11,8% -. . -, .

    :: 4455,,88

    - 45,8 47,8 - , 50 - -.

    ::

    , . LLaaRReeppuubbbblliiccaa. , .

    , - - 50,1 50,4 .

    :: 33,,11%%

    - 1%.

    PPMMII -- CChhiiccaaggoo ,

    - , 11 . 56,8 55,6 . - - 54.

    -

    EEuurrooggrroouupp , - RReeuutteerrss. - , -. - -, . .

    CCEENNTTRRIICC 1122,,7733%%AAEEGGEEAANN AAIIRRLLIINNEESS 1122,,0033%%CCOOCCAA--CCOOLLAA 66,,6633%%EEBBAA ((KKAA)) 33,,7777%%KKPPII--KKPPII 22,,8899%%AATTIIKKAA KKPPHHTTHH 22,,6677%%FFOOLLLLII FFOOLLLLIIEE GGRROOUUPP 22,,3399%%AAUUTTOOHHEELLLLAASS ((KKOO)) 22,,3388%%SSAARRAANNTTIISS 11,,8877%%OO 11,,5588%%

    XXAAKKOOPP ((KKAA)) --1155,,4477%%TTPPAAEEZZAA KKYYPPOOYY --1155,,1155%%DDIIOONNIICC ((KKOO)) --1144,,3388%%IIEENNOOPP --1133,,3377%%EEUURROOBBAANNKK --1133,,1166%%AANNEEKK ((KKMM)) --1111,,3311%%MMAARRFFIINN IINNVVEESSTTMMEENNTT GGRROOUUPP --99,,0033%%EEKK TTEEPPNNAA --88,,8899%%BBIIOOXXAAKKOO ((KKAA)) --88,,8866%%EENNIIKKHH --88,,6611%%

  • 64 KEPO 3 MA 2013

    - , - -, , , - .

    52 10 , - , . - -.

    RReeuutteerrss 52 - , , 52,2% , 52,1% ., - - . 14 26 , - .

    , , - 36,4%, - , 37,2% .

    , , , - - 4,5%.

    - , , -. -, - - - , . -- , IInnssiigghhtt.

    , , - -

    , , - .

    , - junk , 13,2% -

    12,8% .

    - , 0,7% 47,6%, 22 -

    . 6,1% 39,7% 39,4% .

    . , UUBBSS,

    | [email protected]

    , -, . , - CCaarrllyyllee GGrroouupp.

    , . , - assets , .

    . , bullish . ,