Νέα

"Valuation & Research Specialists" ("VRS") Αναλυτική Παρουσίαση της "VRS"

Συνεργασία της "Valuation & Research Specialists" ("VRS")

με το Bloomberg την Thomson Reuters την Capital IQ

τη FactSet τη ReseachPool την AlphaSense τη Street Contxt

την BlueMatrix τη RSRCHXchange τη SENTIEO

την Inquiry Financial και τη Morningstar

Η VRS στη Λίστα των "Earnings Estimates Contributors" της

Παρουσίαση της "Valuation & Research Specialists" ("VRS") στο Bloomberg Businessweek

και στο

Valuation & Research Specialists (VRS) Institutional Investors Survey as of 3 June 2013

Η Valuation & Research Specialists (VRS) συνεργάζεται σε κοινές ερευνητικές δραστηριότητες και εκδόσεις

με το Athens University of Economics & Business Students' Investment & Finance Club - www.auebsifc.gr - Facebook Profile

καθώς και με το Finance Club UOM - www.financeclub.gr - Facebook Profile

Η θεματική ενότητα "Νέα" παρουσιάζει όλες τις τελευταίες εκπονηθείσες μελέτες και αναλύσεις του "Investment Research & Analysis Journal".

Στην περίπτωση κατά την οποία επιθυμείτε να ενημερώνεστε μέσω e-mail για τα θέματα που παρουσιάζονται στο δικτυακό μας τόπο, μπορείτε να στείλετε e-mail στο info@iraj.gr.

January 14, 2021 - VRS Research Team | In our bi-weekly shipping note on December 10th, 2020, we argued that long-term trend for Baltic Dry Index was remaining upward. Since then the Index has gained more than 65% underpinned by a sanguine market sentiment coming as a surprise to many participants.

	Shipping Market on Optimism Mode despite Concerns that Return of Economies to Full Normality Might Happen Later than Sooner, 7 January 2021 - https://capitallinkshipping.com/
	Ιστορικά Στοιχεία Πληθωρισμού - Ελλάδα. [Excel File]
	Trading BITCOIN Volatility through our Expert Artificial Intelligence (AI) System \| A collaborative initiative by Trident-AI and Valuation & Research Specialists (VRS), 4 January 2021

January 4, 2021 - VRS Research Team | In Q4 2020, FRIGOGLASS [Bloomberg ticker: FRIGO:GA] reached our equity price target implying an upside between 5-10%. We will continue monitoring the stock as we see a good turnaround potential for the company in the medium-term horizon.

	EUR/USD Technical Comment by VRS, 1 January 2021 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Key Question Now is Whether 2021 Will Be Less Volatile than 2020 for the Shipping Market, 24 December 2020 - https://capitallinkshipping.com/

	DOW JONES 30, Stock Betas (Financial Model and Report) by VRS Research Team, 18 December 2020
	December 13, 2020 - VRS Research Team \| Iron ore prices have advanced by more than 27% following our latest report release on this market in August 2020.

	The Baltic Dry Index Is Hovering at Around Historic Average Levels, Looking for Clear Direction; Long-Term Trend Is Upward Though, 10 December 2020 - https://capitallinkshipping.com/
	EUR/USD Outlook by VRS, 7 December 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Valuation of a European SaaS Company by VRS, December 2020 [Non Public Information]
	MORGAN STANLEY (US Equities) Flash Note & Model, 6 December 2020 [Available at www.valueinvest.gr on subscription basis]
	December 4, 2020 - VRS (Valuation & Research Specialists) \| Our equity price target on ArcelorMittal was successfully hit on December 4, 2020 implying a 64% upside since our latest report release back in March 2020.

EUR/USD Technical Comment by VRS, 4 December 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Greek Economy Macro Note by VRS, 4 December 2020. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Eurozone Economic Outlook Report, 27 November 2020 [Available on and Terminals]

Valuation of a Clean Energy Project in the European Market by VRS, November 2020 [Non Public Information]

Pyxis Tankers (European Equities) Full Equity Research Report by VRS, 27 November 2020 [Available on and Terminals]

	DIAGEO (European Equities) Flash Note & Model, 27 November 2020 [Available at www.valueinvest.gr on subscription basis]
	Shipping Companies Are Waiting to See If Better Days Are Going to Come before Planning for the Longer Term, 26 November 2020 - https://capitallinkshipping.com/

VRS (Valuation & Research Specialists) are delighted to present to their clients – global asset managers the 3rd Small-Cap Conference, which is to be held virtually on November 23 & 24, 2020. The event covers small cap Greek listed companies and is organized by the Athens Exchange, Greece. | Flyer

	Global Government Bond Markets Report, 20 November 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Bank of America Stock Analysis, 13 November 2020 [Available at www.valueinvest.gr on subscription basis]
	Shipping Market Continues to Focus to All These Well Known External Factors, 12 November 2020 - https://capitallinkshipping.com/
	GBP/USD Technical Comment by VRS, 12 November 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	EUR/USD Technical Comment by VRS, 6 November 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

November 4, 2020 | We are very glad to announce that Valuation & Research Specialists (VRS) have acted as valuation and financial modeling advisors to Lamda Hellix's acquisition by Digital Realty's Interxion. Lamda Hellix Data Centers, founded in 2002, is the leading provider of neutral data center services in South East Europe whereas US based Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. We wish every success to the new partnership. Link: https://investor.digitalrealty.com/news-and-events/news/press-release-details/2020/Interxion-A-Digital-Realty-Company-Establishes-Presence-In-Greece-With-Acquisition-Of-Lamda-Hellix/default.aspx

	S&P 500 Outlook by VRS, 2 November 2020 [Available on and Terminals]
	The Baltic Dry Index Has Shown its Resilience but More Volatility Lies Ahead, 29 October 2020 - https://capitallinkshipping.com/

	Nintendo (Japanese Equities) Financial & Valuation Report by VRS, 23 October 2020 [Available on and Terminals]
	NIKE Technical Analysis Comment by VRS, 23 October 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

VRS (Valuation & Research Specialists) are delighted to present to their clients – global asset managers the 3rd ATHEX Mid Cap Conference, which is to be held on Thursday October 15, 2020. The event covers medium cap Greek listed companies and is organized by the Athens Exchange, Greece. | Flyer

Baltic Dry Index Outlook: Technical Comment, 15 October 2020 - https://capitallinkshipping.com/

October 2020: VRS (Valuation & Research Specialists) are especially happy to announce the release of an extended survey on Greek corporate deals covering the period 2015 – 2019 (#mergersacquisitions #equitymarket #bondmarket #privateplacement #deals) [Available on and Terminals]

	Baltic Dry Index Outlook by VRS, 9 October 2020 [Available on and Terminals]
	USD Index Outlook by VRS, 5 October 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	EUR/USD Technical Comment by VRS, 2 October 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Baltic Dry Index and Shanghai Composite, 1 October 2020 - https://capitallinkshipping.com/
	Shanghai Composite Index Outlook by VRS, 28 September 2020 [Available on and Terminals]
	BANCO SANTANDER (European Equities) Flash Note & Model, 25 September 2020 [Available at www.valueinvest.gr on subscription basis]
	The Low Interest Rate Environment Makes Shipping Companies Less Willing to Search for Equity Capital, 17 September 2020 - https://capitallinkshipping.com/
	Technical Comment on CAC-40 Index, 15 September 2020 [Available on and Terminals]
	Technical Comment on Gold, 14 September 2020 [Available on and Terminals]

Eurozone Economic Outlook Report, 14 September 2020 [Available on and Terminals]

Global Markets Quarterly Update - Equities, Bonds, Currencies & Commodities | VRS Research Team | Release Date: 11 September 2020

Frigoglass (European Equities) Full Equity Research Report by VRS, 10 September 2020 [Available on and Terminals]

EUR/USD Technical Comment by VRS, 4 September 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Factors Acting as Potential Game Changers for Shipping Stocks, 3 September 2020 - https://capitallinkshipping.com/

Greek Corporate Deals 2019 - Presentation [Available on and Terminals]

Analysis of Iron Ore and Steel HRC Futures Contracts, 21 August 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	As a Year of Extreme Conditions in the Shipping Sector, 2020 Could Set the Tone for Investors' Appetite Going Forward, 20 August 2020 - https://capitallinkshipping.com/
	Technical Comment on NASDAQ 100 Index, 17 August 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Technical Comment on Silver, 17 August 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Database Model on "GREECE Corporate Deals, Match Made, Period 2015 - 2019" by VRS, 14 August 2020 [Excel File] [Available on and Terminals]
	EUR/USD Technical Comment by VRS, 12 August 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	THRACE PLASTICS (European Equities) Flash Note & Model, 7 August 2020 [Available at www.valueinvest.gr on subscription basis]

	Shipping Sector: Cyclical of Speculative?, 6 August 2020 - https://capitallinkshipping.com/
	Technical Comment on Gold, 31 July 2020 [Update] [Available at www.valueinvest.gr on subscription basis and on Terminal]
	JP MORGAN (US Equities) Flash Note & Model, 30 July 2020 [Available at www.valueinvest.gr on subscription basis]
	QUEST HOLDINGS (European Equities) Flash Note & Model, 29 July 2020 [Available at www.valueinvest.gr on subscription basis]
	Cryptocurrencies Analysis Report, 24 July 2020 [Available on and Terminals]
	Changing the Narrative for Listed Shipping Companies, 22 July 2020 - https://capitallinkshipping.com/
	Technical Comment on EUR/USD by VRS, 22 July 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Greek Economy Macro Note by VRS, 21 July 2020. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]
	BITCOIN Analysis, 20 July 2020 [Available on and Terminals]

GREECE - Country Economic Report by VRS, 17 July 2020. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Finance First Magazine Issue 2, 10 July 2020, by Finance Club UOM - www.financeclub.gr
	Bank of Cyprus Stock Analysis, 10 July 2020 [Available at www.valueinvest.gr on subscription basis]

Should the Shipping Sector Enjoy Greater Equity Coverage?, 8 July 2020 - https://capitallinkshipping.com/

7 July 2020: RSRCHX, distribution partner of VRS and a Liquidnet company, has launched its integration with London Stock Exchange (LSE) to power up their Issuer Services portal with institutional research. Thanks to this partnership, VRS can now leverage the existing RSRCHX functionalities to improve information distribution and management with Corporates listed on LSE. This in turn facilitates the deeper penetration and awareness of equity coverage across the senior executive and investor relations teams of the listed companies.

7 July 2020 / 7 Ιουλίου 2020, Press Release Δελτίο Τύπου

	EUR/USD Technical Comment by VRS, 3 July 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Technical Comment on GBP/USD (Update) by VRS, 1 July 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	World Markets Valuation Ratios Report, 30 June 2020.
	World Sectors Valuation Ratios Report, 30 June 2020.
	Technical Comment on Copper, 29 June 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	BANK OF CYPRUS (European Equities) Flash Note & Model, 26 June 2020 [Available at www.valueinvest.gr on subscription basis]

	Technical Comment on NIKKEI-225 Index, 25 June 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Technical Comment on Gold, 24 June 2020 [Update] [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Technical Comment on GBP/USD by VRS, 19 June 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Investor Deck of a European Cotton Yarn Manufacturer by VRS, 19 June 2020 [Non Public Information]
	Technical Comment on Crude Oil, 18 June 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Valuation of 2 Energy Commodity Trading Companies based in Switzerland by VRS, June 2020 [Non Public Information]

	AIRBUS Technical Analysis Comment by VRS, 12 June 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Technical Comment on DAX-30 Index, 12 June 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Technical Comment on S&P 500 Index, 11 June 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	CYRUSONE Technical Analysis Comment by VRS, 9 June 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	CYRUSONE (US Equities) Flash Note & Model, 5 June 2020 [Available at www.valueinvest.gr on subscription basis]
	EUR/USD Technical Comment by VRS, 5 June 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	CITIGROUP Technical Analysis Comment by VRS, 3 June 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Webinar on Greek Corporate Deals 2019 by by VRS and Finance Club UOM, 3 June 2020

CITIGROUP (US Equities) Flash Note & Model, 2 June 2020 [Available at www.valueinvest.gr on subscription basis]

Global Markets Quarterly Update - Equities, Bonds, Currencies & Commodities | VRS Research Team | Release Date: 1 June 2020

Technical Comment on Gold, 31 May 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Greek Stock Betas (Financial Model and Report) by VRS Research Team, 22 May 2020

EUR/CHF Technical Comment by VRS, 15 May 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Investor Deck of a Private Equity Fund in Greece by VRS, 15 May 2020 [Non Public Information]
	International Commodities Prices Report plus Data (Excel File) by "Valuation & Research Specialists" ("VRS"), 15 May 2020 [Available at www.valueinvest.gr , on and Terminals]

This report deals with historical analysis of 22 major international commodities over the period 2005-2020.

EQUINIX (US Equities) Flash Note & Model, 12 May 2020 [Available at www.valueinvest.gr on subscription basis]

Teaser on Greek Hotel Sector - VRS Research Team Explains the Current Developments in the Greek Hotel Sector to Private Equity Investors, Release Date: 8 May 2020

8 May 2020: Valuation & Research Specialists are delighted to announce their partnership with Intro-Act. Based in Boston, US, Intro-Act operates an artificial intelligence (AI) platform that matches corporate executives with institutional investors, providing access for all participants such as corporate IR, brokers, investors, research providers and IR service firms.

8 May 2020 / 8 Μαΐου 2020, Press Release Δελτίο Τύπου

	HOME DEPOT (US Equities) Flash Note & Model, 8 May 2020 [Available at www.valueinvest.gr on subscription basis]
	EUR/USD Technical Comment by VRS, 8 May 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	VRS: Το Deal με την Intro-Act \| Στην Ευρώπη η Μεγαλύτερη Ύφεση, Άποψη Νικόλαου Ηρ. Γεωργιάδη, BNB Daily Newsletter, 7 Μαΐου 2020
	Technical Comment on Cotton, 1 May 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	BNP PARIBAS (European Equities) Flash Note & Model, 28 April 2020 [Available at www.valueinvest.gr on subscription basis]

Valuation of a European Industrial Group's Subsidiaries for IFRS Purposes by VRS, 28 April 2020 [Non Public Information]

	Stock Markets & Currencies Report plus Data (Excel File) by VRS, April 28, 2020 [Available at www.valueinvest.gr , on and Terminals]
	Global Shipping Market Update by VRS, 3 April 2020. Available on Bloomberg, Reuters and Factset. [Available on and Terminals]
	EUR/USD Technical Comment by VRS, 3 April 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	World Markets Valuation Ratios Report, 31 March 2020.
	World Sectors Valuation Ratios Report, 31 March 2020.

	BANK OF AMERICA (US Equities) Flash Note & Model, 27 March 2020 [Available at www.valueinvest.gr on subscription basis]
	Οι Αγορές Ομολόγων Αντανακλούν τις Ανησυχίες των Επενδυτών, Άποψη Νικόλαου Ηρ. Γεωργιάδη, BNB Daily Newsletter, 23 Μαρτίου 2020
	Greek Economy Macro Note by VRS, 20 March 2020. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]
	PSE-AI (European Private Equities - Start Ups) Full Equity Research Report by VRS, 18 March 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	BOEING Technical Analysis Comment by VRS, 20 March 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Συνοπτική Άποψη για τις Διεθνείς Αγορές Ομολόγων, 20 Μαρτίου 2020
	Global Government Bond Markets Report, 13 March 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

ARCELORMITTAL Earnings Estimates Report by VRS, 6 March 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Corporate Valuation of a Wholesale Trading Company in the European Market by VRS, March 2020 [Non Public Information]
	EUR/USD Comment by VRS, 6 March 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	2 March 2020: VRS (Valuation & Research Specialists) are delighted to be contributors of earnings estimates and equity research to Morningstar platform. Morningstar is going to be the 18th platform in the research distribution network of VRS globally. Based in Chicago, US, Morningstar Inc. is a provider of independent investment research in North America, Europe, Australia, and Asia.

Morningstar 2 March 2020 / 2 Μαρτίου 2020, Press Release Δελτίο Τύπου

	USD/CAD Comment by VRS, 28 February 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	FOURLIS GROUP (European Equities) Flash Note & Model, 26 February 2020 [Available at www.valueinvest.gr on subscription basis]

Analysis of the Global Magnesium Market - VRS Research Team Explains the Dynamics of the Global Magnesium Market, Release Date: 21 February 2020

ORACLE Technical Analysis Comment by VRS, 21 February 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

PROFILE (European Equities) Flash Note & Model, 21 February 2020 [Available at www.valueinvest.gr on subscription basis]

The Instability of Melt-ups Blow-offs - The Case of Tesla Motors | VRS Research Team | Release Date: 17 February 2020

VRS - www.vrs.gr VRS Page on Bloomberg, 14 February 2020 and July 2016 PAGE IMAGE 2 PAGE IMAGE 1

Eurobank Stock Analysis, 14 February 2020 [Available at www.valueinvest.gr on subscription basis]

11 February 2020: VRS (Valuation & Research Specialists) were online supporters of the 1st Athex Real Estate Conference, held on February 11, 2020 in Athens, Greece. The conference aimed at bringing together listed and non-listed Real Estate companies with foreign and domestic institutional investors as well as sell side analysts. The event was organized by the Athens Exchange. | Greek Version | English Version

Global Markets Quarterly Update - Equities, Bonds, Currencies & Commodities | VRS Research Team | Release Date: 7 February 2020

	EUR/USD Comment by VRS, 7 February 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	National Bank Stock Analysis, 4 February 2020 [Available at www.valueinvest.gr on subscription basis]

Technical Comment on Aluminum, 29 January 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

BRITISH PETROLEUM (European Equities) Flash Note & Model, 24 January 2020 [Available at www.valueinvest.gr on subscription basis]

RTL GROUP Earnings Estimates Report by VRS, 22 January 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

QUEST HOLDINGS (European Equities) Flash Note & Model, 17 January 2020 [Available at www.valueinvest.gr on subscription basis]

BRIQ PROPERTIES (European Equities) Company Notes, 10 January 2020 [Available at www.valueinvest.gr on subscription basis]

	ESG in Corporate Valuation and Equity Research by VRS, 10 January 2020 \| Greek Version \| English Version
	ALIBABA Technical Analysis Comment by VRS, 10 January 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

10 January 2020: VRS (Valuation & Research Specialists) - www.vrs.gr, deals with Corporate Valuation and Equity Research. VRS analyzes and evaluates on behalf of investors, fund managers and asset managers, various businesses and assets such as listed companies, private companies, real estate assets, as well as intangible goods. VRS selects the universe of listed and non-listed companies that it analyzes using ESG (Environment, Society, Governance) criteria. | Read full article at the following link: https://www.linkedin.com/pulse/esg-corporate-valuation-equity-research-nicholas-georgiadis-phd-1c/

	World Markets Valuation Ratios Report, 3 January 2020.
	World Sectors Valuation Ratios Report, 3 January 2020.
	EUR/USD Comment by VRS, 3 January 2020 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Piraeus Bank Stock Analysis, 27 December 2019 [Available at www.valueinvest.gr on subscription basis]
	EUR/GBP Technical Comment by VRS, 20 December 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	WALT DISNEY (US Equities) Flash Note & Model, 13 December 2019 [Available at www.valueinvest.gr on subscription basis]
	EUR/USD Comment by VRS, 6 December 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Greek Economy Macro Note by VRS, 5 December 2019. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]
	MICROSOFT Technical Analysis Comment by VRS, 22 November 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	22 November 2019: VRS (Valuation & Research Specialists) were very glad to see the survey on Greek corporate deals, which had been a joint research initiative by VRS Research Team and Finance Club UOM, as the cover story of "METOXOS", a weekly financial news magazine.
	EPSILON NET (European Equities) Company Visit Notes, 15 November 2019 [Available at www.valueinvest.gr on subscription basis]
	JUMBO (European Equities) Company Visit Notes, 11 November 2019 [Available at www.valueinvest.gr on subscription basis]
	LOUIS VUITTON (LVMH) (European Equities) Flash Note & Model, 1 November 2019 [Available at www.valueinvest.gr on subscription basis]
	Alpha Bank Stock Analysis, 1 November 2019 [Available at www.valueinvest.gr on subscription basis]
	EUR/USD Comment by VRS, 1 November 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	USD/JPY Technical Comment by VRS, 20 October 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	FACEBOOK Technical Analysis Comment by VRS, 18 October 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

GREECE: Changing the Narrative by Edison Investment Research in collaboration with VRS Research Team, 16 October 2019

	EXXON MOBIL (US Equities) Flash Note & Model, 11 October 2019 [Available at www.valueinvest.gr on subscription basis]
	10 October 2019: VRS (Valuation & Research Specialists) were online supporters of the ATHEX Small Cap Conference, held on Thursday October 10th, 2019 in Athens, Greece. The event covered the small cap Greek listed companies and was organized by the Athens Exchange.

SARANTIS (European Equities) Flash Note & Model, 9 October 2019 [Available at www.valueinvest.gr on subscription basis]

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Greek Corporate Deals Report (covering the period 2015 - 2018), 7 October 2019, by Valuation & Research Specialists (VRS) and Finance Club UOM - www.financeclub.gr

[Available at www.valueinvest.gr on subscription basis and on Terminal]

Η επιστροφή στην κανονικότητα των... deals (24 Νοεμβρίου 2019) στο

Δημοσίευση της Έρευνας στην εβδομαδιαία οικονομική εφημερίδα "ΜΕΤΟΧΟΣ & ΕΠΕΝΔΥΣΕΙΣ" (22 Νοεμβρίου 2019)

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	October 2019: VRS Newsletter, October 7, 2019
	EUR/USD Comment by VRS, 4 October 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	World Markets Valuation Ratios Report, 30 September 2019.
	World Sectors Valuation Ratios Report, 30 September 2019.

Delighted with our visit to Euronext Brussels, Monday 23 September 2019, and to Bourse de Luxembourg, Friday 27 September 2019

23 and 27 September 2019: Delighted with our visits to Euronext Brussells and Luxembourg Stock Exchange where VRS carried very interesting discussions with the authorities of both exchanges.

26 September 2019: VRS were Supporters of the 6th Investments Forum titled “Prudent Investments in Complex Markets” that took place in Athens, Greece, on Thursday, September 26th, 2019. Topics covered, were among others the following: "Global Market Outlook", "Macro Outlook of the Greek Economy", "Having an edge in emerging markets", "In search of a yield in a low interest environment" and "Impact Investing in Private Markets: Social and Environmental Benefits".

VRS Online Supporters of the 6th Investments Forum, Thursday 26 September 2019, Athens Greece

As investors regain confidence, it is more important than ever to cut through the noise and focus on company fundamentals. What is the global outlook and how on-the-ground research remains vital especially in fast-evolving markets, such as China A-shares? In response to low interest rates, investors have had to engage in a hunt for yield. An alternative to an outright increase in portfolio risk has been the positioning of the portfolio to harvest illiquidity premia. Private debt can provide such an excess return as well as downside protection and diversification benefits at different levels of credit risk. Impact investing is the next evolution of responsible and sustainable investments. What are the objectives and the constraints for such type of investments within private markets? What changes for the Greek economy? What will be the focus of the new government? What is the macro outlook for the global markets? What is the future of money? How Central Banks, Retail Banks, Governments and their constituents could be affected with digital money/cryptocurrencies?

18 and 19 September 2019: VRS (Valuation & Research Specialists) were online supporters of the 14th Annual Greek Roadshow, held on September 18-19, 2019 in London, UK. The event covered the major Greek listed companies and was organized by the Athens Exchange.

	HENKEL (German Equities) Full Equity Research Report by VRS, 7 September 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	EUR/USD Comment by VRS, 6 September 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

PLAISIO Earnings Estimates Report by VRS, 23 August 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

EUR/USD Comment by VRS, 9 August 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Greek Stock Betas (Financial Model and Report) by VRS Research Team, 7 August 2019

	Greek Economy Macro Note by VRS, 31 July 2019. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]
	LAURA ASHLEY (European Equities) Flash Note & Model, 26 July 2019 [Available at www.valueinvest.gr on subscription basis]

An Overview of the Sales of NPEs and NPLs in the Greek Banking Sector published by "Valuation & Research Specialists" ("VRS")

Thursday, 25 July 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	CAMPARI (European Equities) Flash Note & Model, 19 July 2019 [Available at www.valueinvest.gr on subscription basis]
	SAFESTYLE (European Equities) Flash Note & Model, 19 July 2019 [Available at www.valueinvest.gr on subscription basis]

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THE STRONGEST COMPANIES IN THE GREEK ECONOMY

VRS (Valuation & Research Specialists) are delighted to be online supporters of this special publication by DIRECTION BUSINESS NETWORK via Direction Business Reports - https://lnkd.in/gTF85Hr . The publication covers the most important sectors within the Greek economy, the largest companies in terms of turnover, the most profitable ones in terms of earnings before taxes, companies with the strongest liquidity position and many other companies that stand out in various industries and markets in Greece.

Comment on Gold, 12 July 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Η Απεικόνιση της Νομισματικής και Οικονομικής Πολιτικής κάτω από Νομοθετικά Πλαίσια Στήριξης της Εγχώριας Τραπεζικής Πίστης. 5 Ιουλίου 2019

	EUR/USD Comment by VRS, 5 July 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	THRACE PLASTICS (European Equities) Company Visit Notes, 5 July 2019 [Available at www.valueinvest.gr on subscription basis]
	Finance First Magazine Issue 1, July 3rd, 2019, by Finance Club UOM - www.financeclub.gr

Ιστορικά Στοιχεία Πληθωρισμού - Ελλάδα. [Excel File]

	World Markets Valuation Ratios Report, 28 June 2019.
	World Sectors Valuation Ratios Report, 28 June 2019.

	Global Government Bond Markets Report, 28 June 2019 [Available at www.valueinvest.gr on subscription basis]
	NETFLIX (European Equities) Flash Note & Model, 28 June 2019 [Available at www.valueinvest.gr on subscription basis]
	CENERGY (European Equities) Company Visit Notes, 14 June 2019 [Available at www.valueinvest.gr on subscription basis]
	WALT DISNEY Technical Analysis Comment by VRS, 24 May 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Greek Corporate Deals Event held on Thursday, May 23rd, 2019, at the University of Macedonia (UoM), Thessaloniki, Greece. Joint research initiative by VRS (Valuation & Research Specialists) and Finance Club UoM.

Greek Corporate Deals Report, May 23rd, 2019, by Valuation & Research Specialists (VRS) and Finance Club UOM - www.financeclub.gr

[Available at www.valueinvest.gr on subscription basis and on Terminal]

May 21st & 22nd, 2019: VRS (Valuation & Research Specialists) attended the ICT Spring Europe 2019 Conference - www.ictspring.com - held in Luxembourg, a major international event of the global tech industry.

EUR/USD Comment by VRS, 7 June 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Greek Property Market Note by VRS, 17 May 2019. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]

International Commodities Prices Report plus Data (Excel File) by "Valuation & Research Specialists" ("VRS"), May 10, 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

This report deals with historical analysis of 22 major international commodities over the period 2005-2019.

VRS Agreement with SENTIEO / Συμφωνία της VRS με τη SENTIEO

10 May 2019 / 10 Μαΐου 2019, Press Release Δελτίο Τύπου

VRS (Valuation & Research Specialists) are delighted to support the 2nd ATHEX Mid-Cap Conference to be held on Thursday, May 9th, 2019 in Athens, Greece. The event covers the Greek mid-cap stocks and is organized by the Athens Exchange.

EUR/USD Comment by VRS, 3 May 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Stock Markets & Currencies Report plus Data (Excel File) by VRS, April 29, 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	SARANTIS (European Equities) Company Visit Notes, 23 April 2019 [Available at www.valueinvest.gr on subscription basis]
	PROFILE SOFTWARE (European Equities) Company Visit Notes, 19 April 2019 [Available at www.valueinvest.gr on subscription basis]
	SIEMENS Earnings Estimates Report by VRS, 15 April 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	EYDAP (European Equities) Company Visit Notes, 10 April 2019 [Available at www.valueinvest.gr on subscription basis]
	PIRAEUS PORT AUTHORITY (European Equities) Company Visit Notes, 10 April 2019 [Available at www.valueinvest.gr on subscription basis]

EUR/USD Comment by VRS, 5 April 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Comment on Crude Oil, 29 March 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	World Markets Valuation Ratios Report, 28 March 2019.
	World Sectors Valuation Ratios Report, 28 March 2019.

	Greek Economy Macro Note by VRS, 20 March 2019. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]
	MLS Earnings Estimates Report by VRS, 7 March 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

EUR/USD Comment by VRS, 1 March 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

FOURLIS (European Equities) Flash Note & Model, 27 February 2019 [Available at www.valueinvest.gr on subscription basis]

EUR/CHF Comment by VRS, 22 February 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

TESLA Technical Analysis Comment by VRS, 5 February 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

EUR/USD Comment by VRS, 1 February 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]

BARCLAYS (European Equities) Flash Note & Model, 21 January 2019 [Available at www.valueinvest.gr on subscription basis]

VRS Newsletter, January 17, 2019

	USD/CAD Comment by VRS, 11 January 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	EUR/USD Comment by VRS, 4 January 2019 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	World Markets Valuation Ratios Report, 31 December 2018.
	World Sectors Valuation Ratios Report, 31 December 2018.

	Valuation of an Agricultural Business in the European Market by VRS, December 2018 [Non Public Information]
	FCA GROUP (European Equities) Flash Note & Model, 28 December 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	RENAULT (European Equities) Flash Note & Model, 28 December 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	KARATZIS Earnings Estimates Report by VRS, 14 December 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	EUR/USD Comment by VRS, 7 December 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

"Investment Research & Analysis Journal" by "Valuation & Research Specialists" ("VRS")

10th Issue (Volume 6, N 1, 2015 - 2018) Press Release Δελτίο Τύπου

VRS Agreement with RSRCHXCHANGE / Συμφωνία της VRS με τη RSRCHXCHANGE

December / Δεκέμβριος 2018, Press Release Δελτίο Τύπου

DANONE (European Equities) Flash Note & Model, 30 November 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

OPAP Technical Analysis Comment by VRS, 30 November 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

VRS Online Supporters of the 8th Wealth Management Forum, Thursday 29 November 2018, Athens Greece Flyer

VRS is now present in Athens and Luxembourg, 8 November 2018

VRS (Valuation & Research Specialists) are delighted to announce their new office presence in Luxembourg. The decision to establish a presence in this region builds upon the firm’s long-term strategic plans for continued growth and development on international level. Through its network in both Athens and Luxembourg, VRS will be more effectively providing its specialized services to European and North American institutional clients. Established in 2002, VRS is an independent advisory firm providing advanced equity research and valuations as well as value-related advisory services to local and international institutions, business entities and individual clients. VRS services include valuations of intangible assets, business enterprises, and fixed assets among others. VRS’s focus business is in providing independent financial research and advisory to both institutional and retail clients.

Η VRS διαθέτει πλέον παρουσία και στο Λουξεμβούργο 20 Νοεμβρίου 2018 στο

	MONDELEZ (US Equities) Flash Note & Model, 16 November 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	EUR/GBP Comment by VRS, 16 November 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	VESTAS (European Equities) Flash Note & Model, 13 November 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Members of VRS Research Team participated in the 2-Day Workshop on Equity Research Analysis by AnalystSolutions and CFA Society Greece, 8-9 November 2018
	Greek Economy Macro Note by VRS, 7 November 2018. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal] OPAP (European Equities) Company Note, 5 November 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	EUR/USD Comment by VRS, 2 November 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	OPAP Analyst Day, Thursday 1 November 2018. VRS were delighted to attend the Company's first analyst day. We would like to thank OPAP Management for their kind invitation to this event that was organized by the Investor Relations Team of the Company.
	PEUGEOT (European Equities) Flash Note & Model, 26 October 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

AEGEAN Earnings Estimates Report by VRS, 5 October 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal] VRS: Θετική χρονιά και το 2018 για την Aegean Airlines 9 Οκτωβρίου 2018 στο

Corporate Deals Data Report | Greek Market September - October 2018 [Δελτίο Τύπου Συνοπτικό] [Δελτίο Τύπου Πλήρες] by Valuation & Research Specialists (VRS)

[Available at www.valueinvest.gr on subscription basis and on Terminal] Τα ελληνικά deals στον καιρό των... capital controls 23 Οκτωβρίου 2018 στο

Δημοσίευση της Έρευνας στο Περιοδικό "Business News Magazine"

	World Markets Valuation Ratios Report, 28 September 2018.
	World Sectors Valuation Ratios Report, 28 September 2018.
	SARANTIS Full Equity Research Report by VRS, 14 September 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal] Σαράντης: Μεγάλη ανάπτυξη την επόμενη 5ετία βλέπει η VRS 17 Σεπτεμβρίου 2018 στο
	Financial Analysis of Investment Opportunities in the Global Super-Yachting Industry by VRS, September 2018 [Non Public Information]
	Wind Farm Valuation by VRS, September 2018 [Non Public Information]

	EUR/USD Comment by VRS, 7 September 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	BEIERSDORF (European Equities) Flash Note & Model, 23 August 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

European Equities Universe - Earnings Estimates by VRS as of 16 August 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

This report provides estimates on key financial accounts of a selected universe of European listed companies. Estimates refer to the accounts “sales/turnover”, “EBITDA” (earnings before interest, taxes, depreciation and amortization), “earnings after taxes and minorities” and “equity” for the period 2018 - 2019. In addition historical accounts are presented for the period 2010 – 2017. Estimates are drawn on the basis of the historical consolidated financial accounts of the selected European listed companies. Historical accounts are based on International Financial Reporting Standards (IFRS) and / or other official national / local standards. VRS Research Team prepares the earnings estimates following company visits to the companies covered and / or communication with their management. There are also cases of listed companies providing guidance with regard to key financial performance metrics (such as revenue, profitability, etc.). The estimates presented in this report reflect exclusively the views, opinions and judgment of VRS equity analysts.

	BUBBLE The 5th Issue of the Greek Student Finance Magazine, from AUEB Students' Investment & Finance Club
	Συνοπτική Θεμελιώδης Ανάλυση της Εταιρίας SOLVAY Περιοδικό Pharma & Health Business
	BAYER (European Equities) Flash Note & Model, 4 August 2018 [Available at www.valueinvest.gr on subscription basis]

FG EUROPE Earnings Estimates Report by VRS, 3 August 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	EUR/USD Comment by VRS, 3 August 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Siemens Technical Analysis Comment by VRS, 2 August 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Inquiry Financial Sample Aggregation of Earnings Estimates on Ferrari July 27, 2018 (VRS estimates included)
	PHILIPS (European Equities) Flash Note & Model, 27 July 2018 [Available at www.valueinvest.gr on subscription basis]

MATCH MADE 20 July 2018 by Valuation & Research Specialists (VRS) [Available at www.valueinvest.gr on subscription basis and on Terminal]

Greek Economy Macro Note by VRS, 20 July 2018. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal] VRS: Μετ' εμποδίων η έξοδος της Ελλάδας στις αγορές 24 Ιουλίου 2018 στο

	QUEST Earnings Estimates Report by VRS, 13 July 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal] VRS: "Βλέπει" κέρδη 11,55 εκατ. για τον όμιλο Quest το 2018 16 Ιουλίου 2018 στο
	EUR/USD Comment by VRS, 6 July 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	VRS Newsletter, July 5, 2018
	SIEMENS (European Equities) Flash Note & Model, 4 July 2018 [Available at www.valueinvest.gr on subscription basis]

	World Markets Valuation Ratios Report, 29 June 2018.
	World Sectors Valuation Ratios Report, 29 June 2018.
	OPAP Earnings Estimates Report by VRS, 29 June 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	FERRARI (European Equities) Flash Note & Model, 29 June 2018 [Available at www.valueinvest.gr on subscription basis]
	VOLVO (European Equities) Flash Note & Model, 29 June 2018 [Available at www.valueinvest.gr on subscription basis]
	VOLKSWAGEN (European Equities) Flash Note & Model, 22 June 2018 [Available at www.valueinvest.gr on subscription basis]
	DAIMLER (European Equities) Flash Note & Model, 19 June 2018 [Available at www.valueinvest.gr on subscription basis]

VRS Agreement with STREET CONTXT / Συμφωνία της VRS με τη STREET CONTXT

June / Ιούνιος 2018, Press Release Δελτίο Τύπου Συμφωνία της VRS με τη STREET CONTXT 18 Ιουνίου 2018 στο

	BMW (European Equities) Flash Note & Model, 11 June 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Μια Προσέγγιση για το "Control Premium" και για το "DLOC" (Discount for Lack of Control) από τη VRS, Ιούνιος 2018
	Advisory Services \| Appraisal of Machinery & Equipment in the Food Sector by VRS, June 2018 [Non Public Information]
	EUR/USD Comment by VRS, 1 June 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Solvay (European Equities) Flash Note & Model, 1 June 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Inquiry Financial Sample Aggregation of Earnings Estimates on NBG (National Bank of Greece) May 30, 2018 (VRS estimates included)
	EUR/CNY Comment by VRS, 18 May 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	HELLENIC PETROLEUM (HELPE) Earnings Estimates Report by VRS, 18 May 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Motor Oil Technical Analysis Comment by VRS, 17 May 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	EUR/USD Comment by VRS, 4 May 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Henkel (European Equities) Flash Note & Model, 4 May 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Η VRS Υποστηρικτής του Trade and Invest Seminar | Παρασκευή 13 Απριλίου 2018, Θεσσαλονίκη, Ελλάδα

	VRS publications at Elena Chirdaris art page, April 23, 2018 Link
	EUR/USD Comment by VRS, 6 April 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

International Commodities Prices Report plus Data (Excel File) by "Valuation & Research Specialists" ("VRS"), April 4, 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

This report deals with historical analysis of 24 major international commodities over the period 2005-2018.

	Stock Markets & Currencies Report plus Data (Excel File) by VRS, April 4, 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	MOTOR OIL Earnings Estimates Report by VRS, 30 March 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal] VRS: Ισχυρά μεγέθη και μερισματική απόδοση για τη Motor Oil 2 Απριλίου 2018 στο

	World Markets Valuation Ratios Report, 30 March 2018.
	World Sectors Valuation Ratios Report, 30 March 2018.

VRS (Valuation & Research Specialists) are happy to present the following press release concerning Astarte Capital Partners:

Astarte Capital Partners ( www.astartecp.com ) is specialist co-investment platform, focusing on real assets opportunities that are towards the value-add area rather than core-infrastructure.

Astarte invests in natural resources, transportation and specialist types of real estate. Our approach is to invest in partnership with established asset operators (or specialist industry teams). Together we structure investment portfolios, in the form of managed closed-end funds or co-investment vehicles. Our model is quite unique and is purely based on the co-investment platform model. We do not charge any fees (management or carry) on the capital utilised to generate performance and we are sharing the profitability of the capital used for the growth of the underlying manager. Our team is based in London, Zurich, Sydney and New York. Recent additions include Jan Straatman, ex-CIO of Lombard Odier and ex-CIO of ING, David Treitel, ex-Managing Director of Apollo Aviation, and Philippe Costeletos, ex-CEO of TPG Europe and ex. International Chairman of Colony Capital. In our website, you can have a look at the team and our advisors. Our investor base is purely institutional. Predominantly, pension and sovereign funds, insurance companies and large family offices in Europe, Australia, Middle east and North America. We are on target to reach the first close of our platform in the end of Q1 2018. At the same time, we are in the process of structuring the first opportunities that we see, in transportation (shipping) and agriculture (US organic grain production). We have successfully executed several similar deals over the last years. Astarte Capital Partners won the prestigious award of the most innovative manager of 2017 by the Institutional Management awards ( https://www.astartecp.com/news/astarte-capital-partners-recognised-most-innovative-manager-2017-institutional-asset-management ).

European Commission

Safeguarding of financial instruments and funds belonging to clients, product governance obligations and the rules applicable to the provision or reception of fees, commissions or any monetary or non-monetary benefits.

MIFID II Link

VRS (Valuation & Research Specialists) are supporters of the Strathclyde Executive MBA. The degree is offered by Strathclyde Business School, UK, since 1966.

Open Day Presentation on Friday 9^th of March, 2018, at 19:00, Athens, Greece

For more information see below or click the link http://www.imstudies.gr/ Image

	EUR/USD Comment by VRS, 2 March 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Greek Economy Macro Note by VRS, 27 February 2018. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]

European Banks Are Stuck in Safe Mode February 16, 2018

VRS Online Supporters of the 5th Investments Forum, Thursday 15 February 2018, Athens Greece Flyer

	VRS Newsletter, February 15, 2018
	Inquiry Financial Sample Aggregation of Earnings Estimates on AIRBUS February 13, 2018 (VRS estimates included)

	FOURLIS Earnings Estimates Report by VRS, 9 February 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	KRI-KRI Earnings Estimates Report by VRS, 7 February 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Athens Medical Company Snapshot, 29 January 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Kimberly-Clark (US Equities) Flash Note & Model, 24 January 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

NIKE (US Equities) Flash Note & Model, 12 January 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Dow Jones 30 Comment by VRS, 12 January 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	NBG (NATIONAL BANK OF GREECE) Earnings Estimates Report by VRS, 12 January 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

VRS Agreement with ALPHASENSE / Συμφωνία της VRS με τη ALPHASENSE

January / Ιανουάριος 2018, Press Release Δελτίο Τύπου Συμφωνία της VRS με Alphasense για διανομή αναλύσεων 26 Ιανουαρίου 2018 στο

Adidas (European Equities) Flash Note & Model, 3 January 2018 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Ελληνικό Δημόσιο Χρέος, Δεκέμβριος 2017.
	World Markets Valuation Ratios Report, 29 December 2017.
	World Sectors Valuation Ratios Report, 29 December 2017.
	VRS Newsletter, December 28, 2017

	Note on European Equities by VRS, 15 December 2017. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Fraport (European Equities) Flash Note & Model, 19 December 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Boeing (US Equities) Flash Note & Model, 12 December 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Η Ανεξάρτητη Ανάλυση & Κάλυψη των Εισηγμένων Εταιριών. Δεκέμβριος 2017

Καταλύτης για καλές αποδόσεις οι ανεξάρτητες αναλύσεις 5 Δεκεμβρίου 2017 στο

Wheat Note, 1 December 2017 Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]

Advisory Services Rendered to an International Holding Company by VRS, November 2017 [Non Public Information]

Advisory Services Rendered to a Domestic NPL Servicer by VRS, November 2017 [Non Public Information]

	Airbus (European Equities) Flash Note & Model, 30 November 2017 [Available at www.valueinvest.gr on subscription basis]
	Arcelor Mittal (European Equities) Flash Note & Model, 29 November 2017 [Available at www.valueinvest.gr on subscription basis]

Οι 10 Παράγοντες που Συνεχίζουν να "Κλονίζουν" τις Αποτιμήσεις του Ελληνικού Χρηματιστηρίου, Νοέμβριος 2017.

MATCH MADE by Valuation & Research Specialists (VRS) [Available at www.valueinvest.gr on subscription basis and on Terminal]

Greek Stock Universe - Earnings Estimates by VRS as of 14 November 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

This report provides estimates on key financial accounts of a selected universe of Greek listed companies. Estimates refer to the accounts “sales/turnover”, “EBITDA” (earnings before interest, taxes, depreciation and amortization), “earnings after taxes and minorities” and “equity” for the period 2017 - 2018. In addition historical accounts are presented for the period 2010 – 2016. Estimates are drawn on the basis of the historical consolidated financial accounts of listed companies. Historical accounts are based on International Financial Reporting Standards (IFRS). VRS Research Team prepares the earnings estimates following company visits to the companies covered and communication with their management. There are also cases of listed companies providing guidance with regard to key financial performance metrics (such as revenue, profitability, etc.). The estimates presented in this report reflect exclusively the judgment of VRS equity analysts. Companies covered are the following (in alphabetical order): HELLENIC EXCHANGES (EXAE), EYDAP, FG EUROPE, FF GROUP (FOLLI FOLLIE ), FOURLIS, FRIGOGLASS, HELLENIC PETROLEUM (ELPE), CENERGY HOLDINGS (former HELLENIC CABLES), IASO, INTRALOT, JUMBO, KORRES, KRI-KRI, METKA, MEVACO, MLS, MOTOR OIL, MYTILINEOS, OLP, OPAP, OTE, PPC (DEI), SARANTIS, THRACE PLASTICS, TITAN.

	Kellogg Company Flash Note (US Equities) Flash Note & Model, 7 November 2017 [Available at www.valueinvest.gr on subscription basis]
	Note on Cyber Risk and Business Valuation by VRS, 5 November 2017
	Note on Disruption & Valuation in the Technology Sector by VRS, 26 October 2017

Hotel Industry Analysis Note by VRS, 20 October 2017

We discuss valuations and financial performance ratios in this last update of the Hotel Industry covering 3 major hotel groups of the S&P 500 (Marriott International Inc. Bloomberg Ticker: MAR:US, Hilton Worldwide Inc. Bloomberg Ticker: HLT:US, Wyndham Worldwide Corp. Bloomberg Ticker: WYN:US). Report prepared by VRS (Valuation & Research Specialists), October 20, 2017. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]

VRS Online Supporters of the Asset Management Forum VI, Thursday 19 October 2017, Athens Greece Flyer

Greek Economy Macro Note by VRS, 17 October 2017. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]

SARANTIS Earnings Estimates Report by VRS, 18 October 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	World Markets Valuation Ratios Report, 29 September 2017.
	World Sectors Valuation Ratios Report, 29 September 2017.

Intercontinental Hotels Group (US / European Equities) Flash Note & Model, 21 September 2017 [Available at www.valueinvest.gr on subscription basis]

Hilton Worldwide Holdings (US Equities) Flash Note & Model, 20 September 2017 [Available at www.valueinvest.gr on subscription basis]

Market Note on Greek Equities by VRS, 18 September 2017. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]

Marriott International (US Equities) Flash Note & Model, 8 September 2017 [Available at www.valueinvest.gr on subscription basis]

Note on Greek Banks by VRS, 5 September 2017. Available on Bloomberg, Reuters and Factset. [Available at www.valueinvest.gr on subscription basis and on Terminal]

VRS: Οι ελληνικές τράπεζες παραμένουν σε... στασιμότητα 6 Σεπτεμβρίου 2017 στο

Valuation of an Energy (RES) Producer by VRS, September 2017 [Non Public Information]

Procter & Gamble (US Equities) Flash Note & Model, 1 September 2017 [Available at www.valueinvest.gr on subscription basis]

Alphabet (US Equities) Flash Note & Model, 28 August 2017 [Available at www.valueinvest.gr on subscription basis]

Η Στρατηγική "Αδυναμία" της Ευρωπαϊκής Οικονομικής Πολιτικής, Αύγουστος 2017.

VRS Agreement with RESEARCHPOOL / Συμφωνία της VRS με τη RESEARCHPOOL

August / Αύγουστος 2017, Press Release Δελτίο Τύπου

	Domino's Pizza (US Equities) Flash Note & Model, 11 August 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Unilever (European Equities) Flash Note & Model, 4 August 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Global Markets Monitor, 31 July 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

This report is a technical oriented Mechanical Trading System (MTS) optimized to generate medium-term signals which work best when the said markets are trending. Hence the system will perform a lot better in trending environments and less in sideways price movements. The MTS is trying to spot early enough the initiation of a trend when a price break-out occurs and follow the trend until it matures and reverses. Price break-outs in overbought markets will not be initiating bullish signals unless there is some relief of the overbought position and vice versa in price break-downs. The combination of the “Posture” and “Trend” columns give the best indication of how strong is the signal. For example, after a prolonged decline when all trends (short-term, medium-term and long-term) are in “down” mode a new “bullish” signal should be treated with caution. If the bullish posture persists while the trends are turning to “up” mode one by one the strength of the posture signal increases. The opposite happens in a bearish posture signal when all trends are “up”. Therefore, the system yields the best results when the posture signals are aligned with the trend(s).

	3M Company (US Equities) Flash Note & Model, 18 July 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Comment on Gold, 17 July 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	ELTECH ANEMOS Earnings Estimates Report by VRS, 11 July 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Η Αμέσως Επόμενη "Πρόκληση" για την Ελληνική Αγορά Μετοχών. Ιούλιος 2017

Τι δεν έχει προεξοφλήσει το ελληνικό χρηματιστήριο 10 Ιουλίου 2017 στο

Survey: Cyber Risk & Accounting Firms in Cyprus conducted by Efstratios Livanis Lecturer at the Department of Accounting and Finance, University of Macedonia, Greece. Efstratios Livanis is also Research Partner of VRS and Assistant Editor of the Academic Journal "Investment Research & Analysis Journal" published by VRS.

	World Markets Valuation Ratios Report, 30 June 2017.
	World Sectors Valuation Ratios Report, 30 June 2017.

Global Markets Monitor, 30 June 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Αποτιμήσεις & Εταιρικές Πράξεις ("Deals") Ξενοδοχειακών Επιχειρήσεων στην Ελλάδα και Διεθνώς. Ιούνιος 2017

Είναι φθηνά ή ακριβά τα ελληνικά ξενοδοχεία; 23 Ιουνίου 2017 στο

Greek Stock Universe - Earnings Estimates by VRS as of 16 June 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Global Markets Monitor, 15 June 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Colgate-Palmolive Company (US Equities) Flash Note & Model, 9 June 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	BUBBLE The 4th Issue of the Greek Student Finance Magazine, from AUEB Students' Investment & Finance Club
	Comment on Light Crude Oil, 2 June 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Global Markets Monitor, 31 May 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	VRS - www.vrs.gr in Partnership with ReseachPool, Agreement Initiated in 2017 VRS Profile on ResearchPool Link File

Global Markets Monitor, 12 May 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Πόσο "Πίσω" Εξακολουθεί να Είναι η Ελληνική Οικονομία, 7 Μαΐου 2017

	Valuation of Industrial Group's Subsidiaries by VRS, April 2017 [Non Public Information]
	Global Markets Monitor, 28 April 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	VRS Online Supporters of the Wealth Management Forum VII, Thursday 27 April 2017, Athens Greece Flyer

Global Markets Monitor, 18 April 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

International Commodities Prices Report plus Data (Excel File) by "Valuation & Research Specialists" ("VRS"), April 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

This report deals with historical analysis of 24 major international commodities over the period 2005-2016.

Stock Markets & Currencies Report plus Data (Excel File) by VRS, April 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	World Markets Valuation Ratios Report, 31 March 2017.
	World Sectors Valuation Ratios Report, 31 March 2017.
	Global Markets Monitor, 31 March 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Αρχικές Δημόσιες Εγγραφές στην Ελληνική Αγορά, Σε Κατάσταση Ανομβρίας επί Σειρά Ετών, Οι Λόγοι για τους Οποίους Πρέπει να Ξεκινήσουν εκ Νέου. Μάρτιος 2017

Τι Πραγματικά Λείπει από το Ελληνικό Χρηματιστήριο 22 Μαρτίου 2017 στο

Global Markets Monitor, 17 March 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Jumbo, Η Μετοχή η Οποία Ευνοήθηκε Όσο Καμία Άλλη από την Ελληνική Κρίση. Μάρτιος 2017

VRS: Ποια Μετοχή Ευνοήθηκε Όσο Καμία από την Κρίση 13 Μαρτίου 2017 στο

MATCH MADE by Valuation & Research Specialists (VRS) [Available at www.valueinvest.gr on subscription basis]

All deal related events, news, press releases and statistical data presented in this report constitute a product of collective research and raw processing of data, databases, news agencies, as well as other related sources. This report has not been part of any effort to refer to or cover any particular business sector or broader sectors of economic activity. In addition, all deal related events, news, press releases and statistical data presented in this report are noted on the basis of their collection / announcement date, and no effort has been made to present how these corporate deals and / or actions have evolved up to the publication date of this report.

Το Πρόβλημα της Ελληνικής Οικονομίας Ήταν και Παραμένει Θέμα Πολιτικής Βούλησης, 8 Μαρτίου 2017

	What Drives Value Up - Adidas AG, 8 March 2017
	What Drives Value Up - Domino's Pizza Inc., 7 March 2017

	Determinant Factors of Greek Non-Performing Loans (NPLs), Data and Study by VRS, March 2017 [Non Public Information]
	The Kraft Heinz Company (US Equities) Flash Note & Model, 3 March 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Global Markets Monitor, 28 February 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	The Coca Cola Company (US Equities) Flash Note & Model, 24 February 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Ποιο Είναι το Πραγματικό Ρίσκο για την Ελληνική Αγορά Μετοχών από τις Διαφαινόμενες Πληθωριστικές Πιέσεις. Φεβρουάριος 2017

Το Ρίσκο για τις Ελληνικές Μετοχές από τον... Πληθωρισμό 17 Φεβρουαρίου 2017 στο

EUR/USD Comment by VRS, 7 February 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Clorox (US Equities) Flash Note & Model, 7 February 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

A Behavioral Perspective on Technical Analysis into PIGS Countries, Academic Research Paper published by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

Global Markets Monitor, 31 January 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

BUBBLE The 3rd Issue of the Greek Student Finance Magazine, from AUEB Students' Investment & Finance Club

Οι Ρυθμίσεις των Ελληνικών Επιχειρηματικών Δανείων Απαιτούν Μεγαλύτερη Ευελιξία, 29 Ιανουαρίου 2017

Η Άλλη Πλευρά των Αναδιαρθρώσεων (Συγχωνεύσεων και Μετασχηματισμών) Επιχειρηματικών Ομίλων στην Ελληνική Αγορά. Ιανουάριος 2017

Γιατί Δεν Πείθονται οι Έλληνες Επενδυτές από τις Αναδιαρθρώσεις 23 Ιανουαρίου 2017 στο

Pepsico (US Equities) Flash Note & Model, 20 January 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Global Markets Monitor, 17 January 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Interxion (European Equities) Flash Note & Model, 6 January 2017 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Columbia University MBA Program is Entitled to VRS Research via the Factset Platform

January 2017, Press Release Δελτίο Τύπου

	World Markets Valuation Ratios Report, 30 December 2016.
	World Sectors Valuation Ratios Report, 30 December 2016.
	Global Markets Monitor, 30 December 2016 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Greek IPOs (Initial Public Offerings) and Amounts Raised, Period 2005 - 2015
	US IPOs (Initial Public Offerings) and Amounts Raised, Period 2000 - 2016

Οι 10 Σημαντικότερες Υποθέσεις Δικαστηρίου στις Η.Π.Α. γύρω από την Αποτίμηση και την Κάλυψη Ζημίας στη Διάρκεια του Έτους 2016.

VRS Online Supporters of the Fund Strategies Forum IX, Thursday 22 December 2016, Athens Greece Flyer

Global Markets Monitor, 16 December 2016 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Οι Δείκτες Αποτίμησης των Εξαγορών Σήμερα. Η Εμπειρία από τη Διεθνή και την Ελληνική Αγορά. Δεκέμβριος 2016

Οι Δείκτες Αποτίμησης των Εξαγορών Σήμερα 28 Δεκεμβρίου 2016 στο

Global Markets Monitor, 12 December 2016 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Linkedin (US Equities) Flash Note & Model, 28 November 2016 [Available at www.valueinvest.gr on subscription basis and on Terminal]

Γιατί οι Αγορές Μετοχών στην Ευρώπη δεν ανεβαίνουν σημαντικά και δεν καταρρίπτουν τα ιστορικά υψηλά τους. Νοέμβριος 2016

Γιατί οι Ευρωαγορές Γύρισαν την Πλάτη στα Ρεκόρ 25 Νοεμβρίου 2016 στο

Peer Groups of Publicly Traded Pharmaceutical Companies, November 2016 (Excel File)

Peer Groups of Publicly Traded Restaurant Companies, November 2016 (Excel File)

FFG Fundamental Analysis & Valuation Report, 14 November 2016 [Available at www.valueinvest.gr on subscription basis and on Terminal]

	Ο Κλάδος Εστιατορίων στην Ελλάδα: Εξελίξεις, Τάσεις & Προοπτικές, Νοέμβριος 2016 (Κλαδικό Σημείωμα)
	Teva Pharmaceutical Industries (US Equities) Flash Note & Model, 3 November 2016 [Available at www.valueinvest.gr on subscription basis and on Terminal]
	Το Μέλλον των Ελληνικών Τραπεζών: Ποιοι Παράγοντες Κρίνουν την Πορεία τους, 1 Νοεμβρίου 2016

Dry Bulk Shipping Sector: Conditions, Trends and Dynamics in Year 2016 published by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis and on Terminal]

Greek Stock Universe - Earnings Estimates by VRS as of 26 October 2016 [Available at www.valueinvest.gr on subscription basis]

This report provides estimates on key financial accounts of a selected universe of Greek listed companies. Estimates refer to the accounts “sales/turnover”, “EBITDA” (earnings before interest, taxes, depreciation and amortization), “earnings after taxes and minorities” and “equity”. In addition historical accounts are presented for the historical financial years. Estimates are drawn on the basis of the historical consolidated financial accounts of listed companies. Historical accounts are based on the published financial statements according to the International Financial Reporting Standards (IFRS). VRS Research Team prepares the earnings estimates following company visits to the companies covered and communication with their management. There are also cases of listed companies providing guidance with regard to key financial performance metrics (such as revenue, profitability, etc.). The estimates presented in this report reflect exclusively the judgment of VRS equity analysts. Companies covered are the following (in alphabetical order): HELLENIC EXCHANGES (EXAE), EYDAP, FG EUROPE, FF GROUP (FOLLI FOLLIE ), FOURLIS, FRIGOGLASS, HELLENIC PETROLEUM (ELPE), HELLENIC CABLES, IASO, INTRALOT, JUMBO, KORRES, KRI-KRI, METKA, MEVACO, MLS, MOTOR OIL, MYTILINEOS, OLP, OPAP, OTE, PPC (DEI), SARANTIS, THRACE PLASTICS, TITAN.

Supervising Risk-Taking in World Financial Markets, Academic Research Paper published by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

	World Markets Valuation Ratios Report, 30 September 2016.
	World Sectors Valuation Ratios Report, 30 September 2016.

	Gilead Sciences (US Equities) Flash Note & Model, 19 September 2016 [Available at www.valueinvest.gr on subscription basis]
	VRS Online Supporters of the Asset Management Forum V, Thursday 13 October 2016, Athens Greece Flyer

Facebook (US Equities) Flash Note & Model, 8 September 2016 [Available at www.valueinvest.gr on subscription basis]

PhD Thesis on Corporate Valuation Approaches' Weighting Methodology -- Weighting Model by Nicholas Ir. Georgiadis, Director of Equity Research at VRS

Sample Material

[Full Material Available at www.valueinvest.gr on subscription basis]

The PhD Thesis at the Digital Library and Institutional Repository

Σύνδεσμος PhD στο Εθνικό Αρχείο Διδακτορικών Διατριβών PhD στο Εθνικό Αρχείο Διδακτορικών Διατριβών

	Starbucks (US Equities) Flash Note & Model, 25 August 2016 [Available at www.valueinvest.gr on subscription basis]
	Interest Rates & EUR/USD Data for the period 1999 - 2016 (Excel File) by by VRS, August 2016 [Available at www.valueinvest.gr on subscription basis]
	EUR/USD Comment by VRS, 24 August 2016 [Available at www.valueinvest.gr on subscription basis]
	Kri Kri Milk Industry (Greek Equities) Fundamental Analysis & Financial Model, August 2016 [Available at www.valueinvest.gr on subscription basis]
	Press Release about Greek Market Deal Transactions on Bloomberg prepared by VRS and Finance Club of University of Macedonia, August 2016
	McKesson (US Equities) Flash Note & Model, 12 August 2016 [Available at www.valueinvest.gr on subscription basis]

VRS Agreement with BLOOMBERG / Συμφωνία της VRS με τη BLOOMBERG

July / Ιούλιος 2016, Press Release Δελτίο Τύπου

MATCH MADE by Valuation & Research Specialists (VRS) [Available at www.valueinvest.gr on subscription basis]

	Valuation Modeling of a Health Care Technology Company by VRS, July 2016 [Non Public Information]
	Strategic Planning of a Travel Technology Business by VRS, July 2016 [Non Public Information]
	Stanley Black & Decker (US Equities) Flash Note & Model, 26 July 2016 [Available at www.valueinvest.gr on subscription basis]
	Delonghi Group (Italian Equities) Flash Note, 13 July 2016 [Available at www.valueinvest.gr on subscription basis]
	Natural Gas Comment, 12 July 2016 [Available at www.valueinvest.gr on subscription basis]
	AstraZeneca (US Equities) Flash Note, 6 July 2016 [Available at www.valueinvest.gr on subscription basis]
	Global Markets Monitor, 30 June 2016 [Available at www.valueinvest.gr on subscription basis]

	World Markets Valuation Ratios Report, 30 June 2016.
	World Sectors Valuation Ratios Report, 30 June 2016.
	Valuation of Hotel Company by VRS, June 2016 [Non Public Information]
	Baxter International (US Equities) Flash Note & Model, 3 June 2016 [Available at www.valueinvest.gr on subscription basis]

Η Διευκόλυνση της Επιχειρηματικότητας ως Νέο Μοντέλο Ανάπτυξης. [Φοιτητική Εργασία]

VRS - www.vrs.gr Launch of VRS Page on Bloomberg, May - June 2016, PAGE IMAGE

Global Markets Monitor, 31 May 2016 [Available at www.valueinvest.gr on subscription basis]

Valuation of Liquid Gas Trading Facilities by VRS, May 2016 [Non Public Information]

GREECE: Here Comes the Hard Part, 25 May 2016 by George A. Savvakis, "Valuation & Research Specialists" ("VRS")

Delhaize (European Equities) Flash Note, 13 May 2016 [Available at www.valueinvest.gr on subscription basis]

VRS Online Supporters of the Wealth Management Forum VI, Thursday 12 May 2016, Athens Greece Flyer

Greek Stock Universe - Earnings Estimates by VRS as of 11 May 2016 [Available at www.valueinvest.gr on subscription basis]

This report provides estimates on key financial accounts of a selected universe of Greek listed companies. Estimates refer to the accounts “sales/turnover”, “EBITDA” (earnings before interest, taxes, depreciation and amortization), “earnings after taxes and minorities” and “equity”. In addition historical accounts are presented for the historical financial years. Estimates are drawn on the basis of the historical consolidated financial accounts of listed companies. Historical accounts are based on the published financial statements according to the International Financial Reporting Standards (IFRS). VRS Research Team prepares the earnings estimates following company visits to the companies covered and communication with their management. There are also cases of listed companies providing guidance with regard to key financial performance metrics (such as revenue, profitability, etc.). The estimates presented in this report reflect exclusively the judgment of VRS equity analysts. Companies covered are the following (in alphabetical order): HELLENIC EXCHANGES (EXAE), EYDAP, FG EUROPE, FF GROUP (FOLLI FOLLIE ), FOURLIS, FRIGOGLASS, HELLENIC PETROLEUM (ELPE), HELLENIC CABLES, IASO, INTRALOT, JUMBO, KORRES, KRI-KRI, METKA, MEVACO, MLS, MOTOR OIL, MYTILINEOS, OLP, OPAP, OTE, PPC (DEI), SARANTIS, THRACE PLASTICS, TITAN.

International Commodities Prices Report by "Valuation & Research Specialists" ("VRS"), May 2016 [Available at www.valueinvest.gr on subscription basis]

This report deals with historical analysis of 24 major international commodities over the period 2005-2016.

Global Markets Monitor, 29 April 2016 [Available at www.valueinvest.gr on subscription basis]

	Yahoo! (US Equities) Flash Note, 19 April 2016 [Available at www.valueinvest.gr on subscription basis]
	Analysis & Valuation of 3 Greek Commercial Banks by VRS, April 2016 [Non Public Information]
	World Markets Valuation Ratios Report, 31 March 2016.
	World Sectors Valuation Ratios Report, 31 March 2016.
	Global Markets Monitor, 31 March 2016 [Available at www.valueinvest.gr on subscription basis]
	Global Markets Monitor, 29 February 2016 [Available at www.valueinvest.gr on subscription basis]

VRS Agreement with BLOOMBERG

concerning contribution of research and earnings estimates, Tuesday February 23, 2016

	Allergan (US Equities) Flash Note, 12 February 2016 [Available at www.valueinvest.gr on subscription basis]
	Stock Markets & Currencies Report by VRS, February 2016 [Available at www.valueinvest.gr on subscription basis]
	Residual Income Valuation Model (Excel File) [Available at www.valueinvest.gr on subscription basis]

Διάλεξη του κ. Νικόλαου Γεωργιάδη, Director of Equity Research της VRS στο Μεταπτυχιακό Πρόγραμμα του Τμήματος Χρηματοοικονομικής & Λογιστικής του Πανεπιστημίου Μακεδονίας (Θεσσαλονίκη, Ελλάδα), Δευτέρα 1 Φεβρουαρίου 2016.

	World Markets Valuation Ratios Report, 29 January 2016.
	World Sectors Valuation Ratios Report, 29 January 2016.
	Global Markets Monitor, 29 January 2016 [Available at www.valueinvest.gr on subscription basis]
	January 2016, In4Capital Business Funding & M&A Platform is a global hybrid platform for startups, companies, service providers & investors, where Funding & M&A deals are concluded directly between them!
	Valuation of Fuel Storage Plant, Mechanical Equipment and Land Plots by VRS, January 2016 [Non Public Information]
	Amazon.com (US Equities) Flash Note, 12 January 2016 [Available at www.valueinvest.gr on subscription basis]

	World Markets Valuation Ratios Report, 31 December 2015.
	World Sectors Valuation Ratios Report, 31 December 2015.
	Global Markets Monitor, 31 December 2015 [Available at www.valueinvest.gr on subscription basis]

VRS Online Supporters of the Fund Strategies Forum VIII, Friday 18 December 2015, Athens Greece Flyer

	KIRIAKIDIS Earnings Estimates Report by VRS, 17 December 2015 [Available at www.valueinvest.gr on subscription basis]
	BUBBLE The 2nd Issue of the Greek Student Finance Magazine, from AUEB Students' Investment & Finance Club
	IBM Corp. (US Equities) Flash Note, 10 December 2015 [Available at www.valueinvest.gr on subscription basis]
	World Markets Valuation Ratios Report, 30 November 2015.

	World Sectors Valuation Ratios Report, 30 November 2015.
	Global Markets Monitor, 30 November 2015 [Available at www.valueinvest.gr on subscription basis]

17 November 2015: Statements made in Financial Times

by Georgios A. Savvakis, economist at VRS and Value Invest

“The Piraeus Bank books should already be closed, but it seems there’s not so much demand,” said Georgios A. Savvakis, an economist at Value Invest, a Greek research firm. “If one of the banks cannot find the money, it’s a problem for all of them.” “There is a lot of mispricing in the market, because we don’t know the price of the new shares. There are many rumors, but we can only speculate.”

Evolution through Innovation in Greek Aquaculture Sector, Academic Research Paper published by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

Greek Stock Universe - Earnings Estimates by VRS as of 6 November 2015 [Available at www.valueinvest.gr on subscription basis]

This report provides estimates on key financial accounts of a selected universe of Greek listed companies. Estimates refer to the accounts “sales/turnover”, “EBITDA” (earnings before interest, taxes, depreciation and amortization), “earnings after taxes and minorities” and “equity”. In addition historical accounts are presented for the historical financial years. Estimates are drawn on the basis of the historical consolidated financial accounts of listed companies. Historical accounts are based on the published financial statements according to the International Financial Reporting Standards (IFRS). VRS Research Team prepares the earnings estimates following company visits to the companies covered and communication with their management. There are also cases of listed companies providing guidance with regard to key financial performance metrics (such as revenue, profitability, etc.). The estimates presented in this report reflect exclusively the judgment of VRS equity analysts. Companies covered are the following (in alphabetical order): HELLENIC EXCHANGES (EXAE), EYDAP, FG EUROPE, FF GROUP (FOLLI FOLLIE ), FOURLIS, FRIGOGLASS, HELLENIC PETROLEUM (ELPE), HELLENIC CABLES, IASO, INTRALOT, JUMBO, KORRES, KRI-KRI, METKA, MEVACO, MLS, MOTOR OIL, MYTILINEOS, OLP, OPAP, OTE, PPC (DEI), SARANTIS, THRACE PLASTICS, TITAN.

	Global Markets Monitor, 30 October 2015 [Available at www.valueinvest.gr on subscription basis]
	Assessment through Financial Modeling of the Greek Crisis Impact on the Renewable Energy Sector by VRS, October 2015 [Non Public Information]

	Apple (US Equities) Flash Note, 30 October 2015 [Available at www.valueinvest.gr on subscription basis]
	PPC Renewables (Greek Equities) Flash Note, 23 October 2015 [Available at www.valueinvest.gr on subscription basis]
	Microsoft (US Equities) Flash Note, 12 October 2015 [Available at www.valueinvest.gr on subscription basis]
	VRS Online Supporters of the Investments Forum IV, Friday 9 October 2015, Athens Greece Flyer

Cointegration and Casualty Relationships in PIIGS Stock Markets, Academic Research Paper published by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

Emotional Intelligence and Job Satisfaction in Greek Banking Sector, Academic Research Paper published by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

	World Markets Valuation Ratios Report, 30 September 2015.
	Global Markets Monitor, 30 September 2015 [Available at www.valueinvest.gr on subscription basis]
	Eltech Anemos (Greek Equities) Flash Note, September 2015 [Available at www.valueinvest.gr on subscription basis]
	Amgen (US Equities) Flash Note, September 2015 [Available at www.valueinvest.gr on subscription basis]
	Abbott (US Equities) Flash Note, September 2015 [Available at www.valueinvest.gr on subscription basis]

Global Markets Monitor, 31 August 2015 [Available at www.valueinvest.gr on subscription basis]

	Financial Modeling on the Recapitalization of Greek Systemic Banks by VRS, August 2015 [Non Public Information]
	FTSE Athex Large Cap Index Report, August 2015, in collaboration with the Athens University of Economics and Business (AUEB) Students' Investment & Finance Club [Full Report Available at www.valueinvest.gr on subscription basis]

	Bristol Myers Squibb (US Equities) Flash Note, July 2015 [Available at www.valueinvest.gr on subscription basis]
	Casino Business Planning, Financial Modeling and Valuation by VRS, July 2015 [Non Public Information]
	Global Markets Monitor, 30 June 2015 [Available at www.valueinvest.gr on subscription basis]

	Global Markets Monitor, 29 May 2015 [Available at www.valueinvest.gr on subscription basis]
	EUR/USD Comment by VRS, 22 May 2015 [Available at www.valueinvest.gr on subscription basis]
	Eli Lilly (US Equities) Flash Note, May 2015 [Available at www.valueinvest.gr on subscription basis]
	Lamda Development Flash Note, April 2015 [Available at www.valueinvest.gr on subscription basis]
	Global Markets Monitor, 30 April 2015 [Available at www.valueinvest.gr on subscription basis]
	VRS Online Supporters of the Asset Management Forum IV, Thursday 30 April 2015, Athens Greece Flyer

Greek Stock Universe - Earnings Estimates by VRS as of 27 April 2015 [Available at www.valueinvest.gr on subscription basis]

This report provides estimates on key financial accounts of a selected universe of Greek listed companies. Estimates refer to the accounts “sales/turnover”, “EBITDA” (earnings before interest, taxes, depreciation and amortization), “earnings after taxes and minorities” and “equity”. In addition historical accounts are presented for the historical financial years. Estimates are drawn on the basis of the historical consolidated financial accounts of listed companies. Historical accounts are based on the published financial statements according to the International Financial Reporting Standards (IFRS). VRS Research Team prepares the earnings estimates following company visits to the companies covered and communication with their management. There are also cases of listed companies providing guidance with regard to key financial performance metrics (such as revenue, profitability, etc.). The estimates presented in this report reflect exclusively the judgment of VRS equity analysts. Companies covered are the following (in alphabetical order): HELLENIC EXCHANGES (EXAE), EYDAP, FG EUROPE, FF GROUP (FOLLI FOLLIE ), FOURLIS, FRIGOGLASS, HELLENIC PETROLEUM (ELPE), HELLENIC CABLES, IASO, INTRALOT, JUMBO, KORRES, KRI-KRI, METKA, MEVACO, MLS, MOTOR OIL, MYTILINEOS, OLP, OPAP, OTE, PPC (DEI), SARANTIS, THRACE PLASTICS, TITAN.

	Υπηρεσίες Έρευνας Αγοράς
	OPAP Flash Note and Financial Model, April 2015 [Available at www.valueinvest.gr on subscription basis]
	Novartis (Swiss Equities) Flash Note, April 2015 [Available at www.valueinvest.gr on subscription basis]

Η VRS ανακοινώνει τη συνεργασία της με το Students' Investment & Finance Club (SIFC) του Οικονομικού Πανεπιστημίου Αθηνών, Απρίλιος 2015

Δελτίο Τύπου Press Release Η Σελίδα του SIFC στο Facebook

Global Markets Monitor, 31 March 2015 [Available at www.valueinvest.gr on subscription basis]

	Hotel Resort Business Planning, Financial Modeling and Valuation by VRS, March 2015 [Non Public Information]
	EUR/USD Comment by VRS, 21 March 2015 [Available at www.valueinvest.gr on subscription basis]
	"Investment Research & Analysis Journal" by "Valuation & Research Specialists" ("VRS") 9th Issue (Volume V, N 1, 2012 - 2013 - 2014) Press Release Δελτίο Τύπου

	OTE Flash Note and Financial Model, March 2015 [Available at www.valueinvest.gr on subscription basis]
	Johnson & Johnson (US Equities) Flash Note, February 2015 [Available at www.valueinvest.gr on subscription basis]
	Global Markets Monitor, 27 February 2015 [Available at www.valueinvest.gr on subscription basis]
	Kri Kri Flash Note, January 2015 [Available at www.valueinvest.gr on subscription basis]
	Global Markets Monitor, 30 January 2015 [Available at www.valueinvest.gr on subscription basis]
	Financial Modeling and Consulting on Corporate Loan Restructuring by VRS, January 2015 [Non Public Information]
	Stock Markets & Currencies Report by VRS, January 2015 [Available at www.valueinvest.gr on subscription basis]
	EUR/USD Comment by VRS, 9 January 2015 [Available at www.valueinvest.gr on subscription basis]
	Global Markets Monitor, 31 December 2014 [Available at www.valueinvest.gr on subscription basis]

Medical Tourism Business Plan and Financial Modeling by VRS, December 2014 [Non Public Report]

VRS Online Supporters of the Derivatives Forum III, Friday 19 December 2014, Athens Greece Flyer

Alpha Bank Stock Analysis, 12 December 2014 [Available at www.valueinvest.gr on subscription basis]

The report deals with statistical and graph (non technical) analysis of Alpha Bank stock. It includes analysis of stock returns, analysis of volume patterns and the stock’s beta coefficient. Finally, the report provides information about the Alpha Bank warrant’s trading performance and exercise terms, the stock’s listing and participation in indices, and the stock’s shareholder structure.

	Smart Building Systems Business Plan and Financial Modeling by VRS, November 2014 [Non Public Report]
	Global Markets Monitor, 28 November 2014 [Available at www.valueinvest.gr on subscription basis]
	VRS Online Supporters of the Fund Strategies Forum VII, Friday 28 November 2014, Athens Greece Flyer

	ALPHA BANK Earnings Estimates Report by VRS, November 2014 [Available at www.valueinvest.gr on subscription basis]
	INQUIRY FINANCIAL Aggregation of Earnings Estimates on ALPHA BANK (VRS estimates are included)
	Financial Forensics - Swiss Franc Bank Loan Study by VRS, November 2014 [Non Public Report]
	EYDAP Comment on 9M 2014 Results and Earnings Estimates, 4 November 2014 [Available at www.valueinvest.gr on subscription basis]
	Global Markets Monitor, 31 October 2014 [Available at www.valueinvest.gr on subscription basis]

EUR/USD Comment by VRS, 31 October 2014 [Available at www.valueinvest.gr on subscription basis]

NBG Stock Analysis, 21 October 2014 [Available at www.valueinvest.gr on subscription basis]

The report deals with statistical and graph (non technical) analysis of NBG stock. It includes analysis of stock returns, analysis of volume patterns and the stock’s beta coefficient. Finally, the report provides information about the NBG warrant’s trading performance and exercise terms, the stock’s listing and participation in indices, and the stock’s shareholder structure.

Εκθέσεις Αποτίμησης Εταιριών & Περιουσιακών Στοιχείων στο πλαίσιο της Σύνταξης Οικονομικών Καταστάσεων βάσει των Διεθνών Προτύπων Χρηματοοικονομικής Πληροφόρησης από τη VRS

GREEK ENGLISH

International Commodities Prices Report by "Valuation & Research Specialists" ("VRS"), 3 October 2014 [Available at www.valueinvest.gr on subscription basis]

This report deals with historical analysis of 24 major international commodities over the period 2005-2014.

Global Markets Monitor, 30 September 2014 [Available at www.valueinvest.gr on subscription basis]

NBG (National Bank of Greece) Earnings Estimates Report by VRS as of 29 September 2014 [Available at www.valueinvest.gr on subscription basis]

EUR/USD Comment by VRS, 26 September 2014 [Available at www.valueinvest.gr on subscription basis]

Greek Stock Universe - Earnings Estimates by VRS as of 19 September 2014 [Available at www.valueinvest.gr on subscription basis]

VRS Online Supporters of the Wealth Management & Family Offices Forum V, Thursday 25 September 2014, Athens Greece Flyer

	Global Markets Monitor, 29 August 2014 [Available at www.valueinvest.gr on subscription basis]
	GSK (UK Equities) Flash Note, August 2014 [Available at www.valueinvest.gr on subscription basis]
	Sanofi (French Equities) Flash Note, August 2014 [Available at www.valueinvest.gr on subscription basis]
	Merck (US Equities) Flash Note, August 2014 [Available at www.valueinvest.gr on subscription basis]
	Pfizer (US Equities) Flash Note, August 2014 [Available at www.valueinvest.gr on subscription basis]
	BUBBLE The First Greek Student Finance Magazine, AUEB Students' Investment & Finance Club
	Global Markets Monitor, 31 July 2014 [Available at www.valueinvest.gr on subscription basis]
	EUR/USD Comment by VRS, 28 July 2014 [Available at www.valueinvest.gr on subscription basis]

	Roche (Swiss Equities) Flash Note, August 2014 [Available at www.valueinvest.gr on subscription basis]
	Finansbank (Turkish Equities) Flash Note, July 2014 [Available at www.valueinvest.gr on subscription basis]
	Global Markets Monitor, 30 June 2014 [Available at www.valueinvest.gr on subscription basis]

VRS Online Supporters of the Private Equity & Venture Capital Forum IV, Friday 13 June 2014, Athens Greece Flyer

	Kyriakidis FHL Flash Note, June 2014 [Available at www.valueinvest.gr on subscription basis]
	Paperpack Flash Note, June 2014 [Available at www.valueinvest.gr on subscription basis]
	Global Markets Monitor, 30 May 2014 [Available at www.valueinvest.gr on subscription basis]

VRS Online Supporters of the Asset Management Forum III, Friday 30 May 2014, Athens Greece Flyer

GREECE: Market Note on Euro Elections, May 2014 by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

Συμμετοχή του κ. Χριστόφορου Ι. Μακρυά, Director of Corporate Finance της VRS σε Ενδοεπιχειρησιακό Χρηματοοικονομικό Σεμινάριο στην εισηγμένη στο Χρηματιστήριο Εταιρία ΕΥΔΑΠ, Παρασκευή 16 Μαΐου 2014.

MLS Valuation Report by "VRS", May 2014 [Full Report Available at www.valueinvest.gr on subscription basis]

	Stelios Kanakis Flash Note, May 2014 [Available at www.valueinvest.gr on subscription basis]
	Space Hellas Flash Note, May 2014 [Available at www.valueinvest.gr on subscription basis]

COSCO: The Management of Piraeus Port, Research Paper by "Valuation & Research Specialists" ("VRS") in collaboration with the Athens University of Economics and Business (AUEB) Students' Investment & Finance Club [Full Report Available at www.valueinvest.gr on subscription basis]

Συνάντηση στην έδρα της VRS με τους φοιτητές του Οικονομικού Πανεπιστημίου Αθηνών και μέλη της ερευνητικής ομάδας για την εκπόνηση της μελέτης. Στη φωτογραφία διακρίνονται η κ. Ευγενία Κοντογιάννη αριστερά, ο κ. Χρήστος Αναστασιάδης δεξιά, με τον κ. Νικόλαο Ηρ. Γεωργιάδη, Director of Equity Research της VRS, Ιούλιος 2014. Φωτογραφία

Global Markets Monitor, 30 April 2014 [Available at www.valueinvest.gr on subscription basis]

VRS Online Supporters of the Big Data & Business Analytics Forum IV, 30 April 2014, Athens Greece Flyer

Coca-Cola HBC AG Flash Note, April 2014 [Available at www.valueinvest.gr on subscription basis]

Global Markets Monitor, 31 March 2014 [Available at www.valueinvest.gr on subscription basis]

Ανάλυση Ισοτιμίας EUR/USD, 23 Μαρτίου 2014, Σπυρίδων Κυριάκος, Εκπαιδευόμενος Αναλυτής στη Valuation & Research Specialists (VRS)

MATCH MADE by Valuation & Research Specialists (VRS) [Available at www.valueinvest.gr on subscription basis]

Κλαδική Ανάλυση για την Αγορά του Τυποποιημένου Ελαιολάδου, Αθήνα, Ελλάδα, Μάρτιος 2014

[Available at www.valueinvest.gr on subscription basis]

Η VRS (Valuation & Research Specialists) σε συνεργασία με τον Σύνδεσμο Ελληνικών Βιομηχανιών Τυποποίησης Ελαιολάδου – ΣΕΒΙΤΕΛ ολοκλήρωσε την πρώτη κλαδική ανάλυση για την αγορά του τυποποιημένου ελαιολάδου στην Ελλάδα. Μέσω της συστηματικής επικοινωνίας με στελέχη εταιριών αλλά και με παράγοντες της ελληνικής και διεθνούς αγοράς ελαιολάδου καθώς και με την καθοριστική συνεισφορά του ΣΕΒΙΤΕΛ σε επίπεδο συλλογής στοιχείων, η κλαδική αυτή ανάλυση διατυπώνει συμπεράσματα σχετικά με την παρούσα κατάσταση και τις μελλοντικές προοπτικές της Ελληνικής αγοράς τυποποιημένου ελαιολάδου. Η κλαδική ανάλυση εντάσσεται σε σειρά ανάλογων κλαδικών ερευνών της VRS και διανεμήθηκε αποκλειστικά σε διεθνείς επενδυτές που εστιάζουν το ενδιαφέρον τους στις προοπτικές ανάπτυξης και εξωστρέφειας σημαντικών κλάδων της Ελληνικής οικονομίας. Δελτίου Τύπου

Η VRS

Υποστηρικτής του 1ου Data Breach Management Forum, Πέμπτη 6 Μαρτίου 2014. Flyer

	Global Markets Monitor, 28 February 2014 [Available at www.valueinvest.gr on subscription basis]
	Ellaktor Flash Note, February 2014 [Available at www.valueinvest.gr on subscription basis]
	FF Group Flash Note, February 2014 [Available at www.valueinvest.gr on subscription basis]

Greek Stock Universe - Earnings Estimates by VRS as of 3 February 2014 [Available at www.valueinvest.gr on subscription basis]

Global Markets Monitor, 31 January 2014 [Available at www.valueinvest.gr on subscription basis]

Profits from Technical Trading Rules on Cyprus Stock Exchange, Academic Research Paper by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

Week Effect Patterns on Athens Exchange, Academic Research Paper by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

VRS provided consulting services in a business project concerning a ferry service route in the international market, January - February 2014

Stock Markets & Currencies Report by VRS, January 2014 [Available at www.valueinvest.gr on subscription basis]

Global Markets Monitor, 31 December 2013 [Available at www.valueinvest.gr on subscription basis]

Alpha Bank Stock Analysis, 27 December 2013 [Available at www.valueinvest.gr on subscription basis]

	Παροχή Τριμηνιαίων Αναλύσεων για τη Δημιουργία ή τη "Φθορά" Εταιρικής Αξίας από τη "VRS"
	Η "VRS" Υποστηρικτής Εκπαιδευτικού Σεμιναρίου στη Χρηματοοικονομική Λογιστική, Παρασκευή 20 Δεκεμβρίου 2013. Εκ των ομιλητών ο κ. Γεώργιος Α. Σαββάκης, συνεργάτης της VRS.

	Hellenic Exchanges Flash Note, December 2013 [Available at www.valueinvest.gr on subscription basis]
	Εκπαιδευτική Ανάλυση Εταιρίας, ΚΡΙ-ΚΡΙ - Χρηματοοικονομική Ανάλυση με Αφορμή την Παρουσίαση του Ομίλου στην Ένωση Θεσμικών Επενδυτών, Δεκέμβριος 2013.
	PPC (DEI) Flash Note, November 2013 [Available at www.valueinvest.gr on subscription basis]
	Piraeus Bank 9M 2013 Conference Call Note, November 2013 [Available at www.valueinvest.gr on subscription basis]
	Alpha Bank 9M 2013 Conference Call Note, November 2013 [Available at www.valueinvest.gr on subscription basis]
	NBG 9M 2013 Conference Call Note, November 2013 [Available at www.valueinvest.gr on subscription basis]
	Global Markets Monitor, 29 November 2013 [Available at www.valueinvest.gr on subscription basis]
	Εκπαιδευτική Ανάλυση Εταιρίας, FOURLIS - Χρηματοοικονομική Ανάλυση με Αφορμή την Παρουσίαση του Ομίλου στην Ένωση Θεσμικών Επενδυτών, Νοέμβριος 2013.

	AEGEAN AIRLINES' Acquisition of OLYMPIC AIR Note, November 2013 [Available at www.valueinvest.gr on subscription basis]
	OTE Flash Note, November 2013 [Available at www.valueinvest.gr on subscription basis]

"VRS" Online Supporters of the Wealth Management and Family Offices Forum IV, 20 November 2013, Athens Greece Flyer

Customer Centric Mobile Networks Performance Monitoring & Optimization, Sector Case Study by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

Financial Impact of Cyber Risk Announcements on Stock Returns by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

	Retail Oil Pricing Model, Excel Format [Available at www.valueinvest.gr on subscription basis]
	TITAN 9M 2013 Results Conference Call Note, November 2013 [Available at www.valueinvest.gr on subscription basis]
	MYCELL (Startup Company) Flash Note, November 2013 [Available at www.valueinvest.gr on subscription basis]
	METKA Flash Note, November 2013 [Available at www.valueinvest.gr on subscription basis]

Εξαγωγικές Μετοχές: Το "Άριστο" Χαρτοφυλάκιο, Άρθρο του Γεώργιου Α. Σαββάκη, συνεργάτη της "Valuation & Research Specialists" ("VRS") στο Euro2day, 14 Νοεμβρίου 2013

	AEGEAN AIRLINES Flash Note, November 2013 [Available at www.valueinvest.gr on subscription basis]
	Εκπαιδευτική Ανάλυση Εταιρίας, ΤΙΤΑΝ - Χρηματοοικονομική Ανάλυση με Αφορμή την Παρουσίαση του Ομίλου στην Ένωση Θεσμικών Επενδυτών, Οκτώβριος 2013.

VRS Agreement with CapVest Private Capital Partners / Συμφωνία της VRS με την CapVest Private Capital Partners

October / Οκτώβριος 2013, Press Release Δελτίο Τύπου

"VRS" Online Supporters of the 6th Fund Strategies Forum, 17 October 2013, Athens Greece Flyer

	MOTOR OIL Flash Note, October 2013 [Available at www.valueinvest.gr on subscription basis]
	HELLENIC PETROLEUM Flash Note, October 2013 [Available at www.valueinvest.gr on subscription basis]

Οι Ξένες Επενδύσεις στην Ελλάδα, 26 Σεπτεμβρίου 2013.

[ Δημοσίευση στην εφημερίδα "ΤΥΠΟΣ ΤΗΣ ΚΥΡΙΑΚΗΣ", 29 Σεπτεμβρίου 2013 ]

VRS Agreement with INQUIRY FINANCIAL / Συμφωνία της VRS με την INQUIRY FINANCIAL

September / Σεπτέμβριος 2013, Press Release Δελτίο Τύπου

	EYDAP Flash Note, September 2013 [Available at www.valueinvest.gr on subscription basis]
	CORINTH PIPEWORKS Flash Note, September 2013 [Available at www.valueinvest.gr on subscription basis]
	Business Plan of a Retail Chain by "Valuation & Research Specialists" ("VRS"), September - October 2013
	Business Plan of a Mobile Network Optimization Services Provider (Start-up) by "Valuation & Research Specialists" ("VRS"), September - October 2013
	Greek Systemic Banks' Market Capitalization versus Recently Raised Funds by "VRS", 23 August 2013 [Report available at www.valueinvest.gr on subscription basis]

Forecasting the Day-Ahead Electricity Price in Nord Pool with Neural Networks by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

	IRAJ View on Equity Market Prospects, 9 August 2013.
	Συνεργασία της Valuation & Research Specialists (VRS) με την Inquiry Financial Ιούλιος - Αύγουστος 2013

The Largest Global Investors Follow VRS’ Research / Οι Μεγαλύτεροι Διεθνείς Επενδυτές Παρακολουθούν τις Αναλύσεις της VRS

July - August 2013 / Ιούλιος - Αύγουστος 2013, Press Release Δελτίο Τύπου

	IRAJ View on Equity Market Prospects, 26 July 2013.
	EYATH Flash Note, July 2013 [Available at www.valueinvest.gr on subscription basis]

Cyber Crime at the Age of Monster Economy, An Ugly Correlation by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

	Lamda Hellix (Non-Listed) Flash Note, July 2013 [Available at www.valueinvest.gr on subscription basis]
	Kleemann Flash Note, July 2013 [Available at www.valueinvest.gr on subscription basis]
	IRAJ View on Equity Market Prospects, 28 June 2013.
	Euro Sovereign Bond Markets Report, 24 June 2013 [Available at www.valueinvest.gr on subscription basis]
	IRAJ View on Equity Market Prospects, 21 June 2013.

	"VRS" Online Supporters of the Private Equity & Startups Forum, 14 June 2013, Athens Greece Flyer
	Intralot Flash Note and Financial Model, June 2013 [Available at www.valueinvest.gr on subscription basis]
	OPAP Flash Note and Financial Model, June 2013 [Available at www.valueinvest.gr on subscription basis]

Valuation & Research Specialists (VRS) Institutional Investors Survey as of 3 June 2013

	Greek Stock Universe - Earnings Universe by VRS as of 3 June 2013 [Available at www.valueinvest.gr on subscription basis]
	IRAJ View on Greek Banking Equities, 31 May 2013.
	"VRS" Online Supporters of the Asset Management Forum II, 30 May 2013, Athens Greece Flyer

Purchasing Power Parity (PPP) and International Fisher Effect (IFE), Exercise with Model by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

Plexaco (Non-Listed) Flash Note, May 2013 [Available at www.valueinvest.gr on subscription basis]

IRAJ View on Equity Market Prospects, 17 May 2013.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 19 Μαΐου 2013 ]

"VRS"

Online Supporters of the Business Analytics Forum III, 16 May 2013, Athens Greece Flyer

Plaisio AGM Note, May 2013 [Available at www.valueinvest.gr on subscription basis]

Sub-prime Crisis and Investment Banking, Case Study by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

Sarantis Results Note, May 2013 [Available at www.valueinvest.gr on subscription basis]

Greek Energy Market Review, Trends and Dynamics in Year 2012 by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

Market Survey on Olive Oil by Valuation & Research Specialists (VRS) [Sample Full Report]

Valuation of a Property Firm by VRS, May 2013

IRAJ View on Equity Market Prospects, 26 April 2013.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 28 Απριλίου 2013 ]

	S&B Results Note, April 2013 [Available at www.valueinvest.gr on subscription basis]
	ESG Factors and Equity Valuation, 22 April 2013

Greek Exporting Activity, Trade Dynamics and Comparative Advantages by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

	KRI KRI Results Note, April 2013 [Available at www.valueinvest.gr on subscription basis]
	LAMDA DEVELOPMENT Results Note, April 2013 [Available at www.valueinvest.gr on subscription basis]
	HOL Flash Note, April 2013 [Available at www.valueinvest.gr on subscription basis]
	FOLLI FOLLIE Results Note, April 2013 [Available at www.valueinvest.gr on subscription basis]

Valuation of Kona Grill (US Equities) by "VRS", April 2013 [Available at www.valueinvest.gr on subscription basis]

IRAJ View on Equity Market Prospects, 29 March 2013.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 31 Μαρτίου 2013 ]

IRAJ View on Equity Market Prospects, 28 March 2013.

	HOL Results Note, March 2013 [Available at www.valueinvest.gr on subscription basis]
	FRIGOGLASS Results Note, March 2013 [Available at www.valueinvest.gr on subscription basis]
	Valuation of an International Group in Plastics Industry by "VRS", March 2013
	Valuation of an International Data Center by "VRS", March 2013

Production and Marketing Trends of Cultured Mediterranean Mussel in Greece by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

Συνεργασία της Valuation & Research Specialists (VRS) με την EFSW - www.e-fsw.gr Μάρτιος 2013

Euro Sovereign Bond Markets Report, 11 March 2013 [Available at www.valueinvest.gr on subscription basis]

Active and Sports Tourism Sector Case Study by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

International Data Centers and Collocation Services Sector Case Study by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

IRAJ View on Equity Market Prospects, 8 March 2013.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 10 Μαρτίου 2013 ]

Αποτίμηση Εταιριών Startups - Η Διεθνής Εμπειρία

Το άρθρο στο EMEA Business Monitor www.emea.gr

IRAJ View on Equity Market Prospects, 1 March 2013.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 3 Μαρτίου 2013 ]

	Αναφορά της συνεργασίας της VRS με τη EUROCHARITY στη διεθνή έκδοση ETHICAL PERFORMANCE Φεβρουάριος 2013.
	Συμφωνία της VRS με τον Ασιατικό Όμιλο MAHINDRA, 15 Φεβρουαρίου 2013
	KARELIA TOBACCO Flash Note, February 2013 [Available at www.valueinvest.gr on subscription basis]
	LOULIS MILLS Flash Note, February 2013 [Available at www.valueinvest.gr on subscription basis]
	LYKOS Flash Note, February 2013 [Available at www.valueinvest.gr on subscription basis]

	IRAJ View on Equity Market Prospects, 15 February 2013. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 17 Φεβρουαρίου 2013 ]
	"VRS" Online Supporters of the: Corporate Innovation Seminar, 7 February 2013, Athens Greece Flyer Press Release Derivatives Forum II, 21 December 2012, Athens, Greece Flyer Investments Forum III, 22 November 2012, Athens Greece Flyer

OLTH Flash Note, February 2013 [Available at www.valueinvest.gr on subscription basis]

Euro Sovereign Bond Markets Report, 8 February 2013 [Available at www.valueinvest.gr on subscription basis]

Oil Analysis Services, 1 February 2013

[Available at www.valueinvest.gr on subscription basis]

IRAJ View on Equity Market Prospects, 1 February 2013.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 3 Φεβρουαρίου 2013 ]

The Value Invest Magazine by "VRS" [Year 2013]

	Recycling and Waste Management Sector Case Study by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]
	World Women Bank Colombia, SRI and Microfinance Case Study by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]

	Xfera Moviles SA, Corporate Valuation Case Study by "Valuation & Research Specialists" ("VRS") [Full Report Available at www.valueinvest.gr on subscription basis]
	IRAJ View on Equity Market Prospects, 18 January 2013. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 20 Ιανουαρίου 2013 ]

Valuation of an Energy Producer by "VRS", January 2013

	Valuation of a Paper Packaging Company by "VRS", January 2013
	Financial Modeling on Feasibility of Solar Photovoltaic Portfolio by "VRS", January 2013

	Euro Sovereign Bond Markets Report, 14 January 2013 [Available at www.valueinvest.gr on subscription basis]
	Energy Newsletter, December 2012.

Stock Markets & Currencies Report by VRS, January 2013 [Available at www.valueinvest.gr on subscription basis]

World Stock Market Indices Weekly Data Series by VRS (excel file) [Available at www.valueinvest.gr on subscription basis]

World Currencies Weekly Data Series by VRS (excel file) [Available at www.valueinvest.gr on subscription basis]

FOURLIS Flash Note, December 2012 [Available at www.valueinvest.gr on subscription basis]

HELECTOR Flash Note, December 2012 [Available at www.valueinvest.gr on subscription basis]

IRAJ View on Equity Market Prospects, 17 December 2012.

LOUX MARLAFEKAS Flash Note, December 2012 [Available at www.valueinvest.gr on subscription basis]

Νέα Υπηρεσία ESG Metrics Report από τη Eurocharity σε συνεργασία με τον Οίκο Έρευνας & Ανάλυσης VRS, 9 Δεκεμβρίου 2012

VRS at Eurocharity.gr VRS at Eurocharity.eu

	BYTE COMPUTER Flash Note, December 2012 [Available at www.valueinvest.gr on subscription basis]
	PETROS PETROPOULOS Flash Note, December 2012 [Available at www.valueinvest.gr on subscription basis]

MATCH MADE, Τεύχος 3, Δεκέμβριος 2012 από τη "VRS" [ Ενημερωτικό Δελτίο Εταιρικών Deals ]

AS COMPANY Flash Note, November 2012 [Available at www.valueinvest.gr on subscription basis]

Διεθνής Αναγνώριση των Μελετών και Αναλύσεων της VRS, 22 Νοεμβρίου 2012

	MYTILINEOS ESG Metrics Report, November 2012 [Available at www.valueinvest.gr on subscription basis]
	GNOSTIX Flash Note, November 2012 [Available at www.valueinvest.gr on subscription basis]
	ELTRAK Flash Note, November 2012 [Available at www.valueinvest.gr on subscription basis]
	S&B Flash Note, November 2012 [Available at www.valueinvest.gr on subscription basis]

	GIPTHME Flash Note, November 2012 [Available at www.valueinvest.gr on subscription basis]
	JUMBO Flash Note, November 2012 [Available at www.valueinvest.gr on subscription basis]

IRAJ View on Equity Market Prospects, 9 November 2012.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 11 Νοεμβρίου 2012 ]

MOTOR OIL CSR Report, October 2012 [Available at www.valueinvest.gr on subscription basis]

IRAJ View on Equity Market Prospects, 25 October 2012.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 28 Οκτωβρίου 2012 ]

	KRI KRI Flash Note, October 2012 [Available at www.valueinvest.gr on subscription basis]
	MYTILINEOS Flash Note, October 2012 [Available at www.valueinvest.gr on subscription basis]

IRAJ View on Equity Market Prospects, 19 October 2012.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 21 Οκτωβρίου 2012 ]

	IKTINOS Flash Note, October 2012 [Available at www.valueinvest.gr on subscription basis]
	KORRES Flash Note, October 2012 [Available at www.valueinvest.gr on subscription basis]
	PLASTIKA KRITIS Flash Note, October 2012 [Available at www.valueinvest.gr on subscription basis]

	MEVACO Flash Note, October 2012 [Available at www.valueinvest.gr on subscription basis]
	ALPHA BANK Flash Note, October 2012 [Available at www.valueinvest.gr on subscription basis]

IRAJ View on Equity Market Prospects, 28 September 2012.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 30 Σεπτεμβρίου 2012 ]

"VRS" Online Supporters of the "Fund Strategies Forum V"

21 September 2012, Athens, Greece

Flyer Agenda Organized by www.Financial-Academy.eu

IRAJ View on Equity Market Prospects, 14 September 2012.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 16 Σεπτεμβρίου 2012 ]

	ATCOM Flash Note, September 2012 [Available at www.valueinvest.gr on subscription basis]
	SKROUTZ Flash Note, September 2012 [Available at www.valueinvest.gr on subscription basis]
	Cotton Analysis Report - 31 / 08 / 2012.

IRAJ View on Equity Market Prospects, 24 August 2012.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 26 Αυγούστου 2012 ]

IRAJ View on Equity Market Prospects, 17 August 2012.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 19 Αυγούστου 2012 ]

	INDITEX Flash Note, August 2012 [Available at www.valueinvest.gr on subscription basis]
	IASO Flash Note, August 2012.
	TITAN CEMENT Flash Note, August 2012.
	IRAJ View on Equity Market Prospects, 6 July 2012.
	GLOBO Flash Note, July 2012.
	HELLENIC CABLES Flash Note, July 2012.
	PIRAEUS PORT AUTHORITY Flash Note, June 2012.

Oil Analysis Services, June 2012

	"VRS" Online Supporters of the "Private Equity & Startups Forum II" 21 - 22 June 2012, Athens, Greece, Day 1 Day 2 Agenda Day 1 Agenda Day 2 Organized by www. Financial- Academy.eu Δελτίο Τύπου
	Energy Newsletter, April 2012.
	INTELEN Flash Note, June 2012. INTELEN Video Interview at Greek Business TV.
	HALCOR Flash Note, June 2012.
	Thomson Reuters' Survey on Sell-Side Research
	IRAJ View on Equity Market Prospects, 1 June 2012. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 3 Ιουνίου 2012 ]
	Cotton Analysis Report - 01 / 06 / 2012.

PLAISIO Flash Note, May 2012.

LAMDA DEVELOPMENT Flash Note, May 2012.

FRIGOGLASS Flash Note, May 2012.

"VRS" Online Supporters of the "Wealth Management & Family Offices Forum II"

17 May 2012, Athens, Greece

Flyer Organized by www.Derivatives.gr and www. Financial-Academy.eu

	IRAJ View on Equity Market Prospects, 11 May 2012. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 12 Μαϊου 2012 ]
	Energy Newsletter, January 2012.
	FG EUROPE Flash Note, May 2012.
	Cotton Analysis Report - 27 / 04 / 2012.

"VRS" Online Supporters of the "Business Analytics Forum II"

26 April 2012, Athens, Greece

Flyer Agenda Organized by www.Financial-Academy.eu

The Value Invest Magazine by "VRS" [1st Semester 2012]

IRAJ View on Equity Market Prospects, 6 April 2012.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 7 Απριλίου 2012 ]

IRAJ View on Equity Market Prospects, 16 March 2012.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 18 Μαρτίου 2012 ]

"Investment Research & Analysis Journal" by "Valuation & Research Specialists" ("VRS")

8th Issue

Valuation Practices in Sell Side Equity Analyst Reports in UK by "Valuation & Research Specialists" ("VRS")

IRAJ View on Equity Market Prospects, 17 February 2012.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 19 Φεβρουαρίου 2012 ]

	Cotton Analysis Report - 10 / 02 / 2012.
	IRAJ View on Equity Market Prospects, 3 February 2012. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 5 Φεβρουαρίου 2012 ]

Δελτίο Ενέργειας, Δεκέμβριος 2011.

Long Run Performance of Greek Initial Public Offerings (IPOs) New Extended Version by "Valuation & Research Specialists" ("VRS")

Cotton Analysis Report - 13 / 01 / 2012.

Stock Markets & Currencies Report by "Valuation & Research Specialists" ("VRS")

January 2012

	IRAJ View on Equity Market Prospects, 5 January 2012. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 8 Ιανουαρίου 2012 ]
	Δελτίο Ενέργειας, Νοέμβριος 2011.
	Survey on Financial Management of Cyber Risk - "VRS" sponsors of the survey - 2011 / 2012

"Valuation & Research Specialists" ("VRS") acted as sponsors of the "CEOs and CFOs Survey on Financial Management of Cyber Risk 2011 / 2012" in cooperation with Mr. Efstratios Livanis, Lecturer in Technology Management Department, University of Macedonia, Thessalonica, Greece.

"VRS" Online Supporters of the "Investments Forum II"

16 December 2011, Athens, Greece

Flyer Agenda Organized by www.Financial-Academy.eu

Cotton Analysis Report - 16 / 12 / 2011.

Άρθρο για την Αγορά Ενέργειας - Μετά την άρνηση Μπορίσοφ, τι; 16 Δεκεμβρίου 2011 στο Capital.gr

Νίκος Κοντινάκης, Σύμβουλος Ενεργειακής Πολιτικής & Αγορών Ενέργειας, VRS Investment Research & Analysis Journal

Οι Προοπτικές της Αγοράς Μετοχών το 2012.
[ Δημοσίευση στις οικονομικές εφημερίδες "ΚΕΡΔΟΣ" και "ΗΜΕΡΗΣΙΑ" ]

Δελτίο Ενέργειας, Οκτώβριος 2011.

Cotton Analysis Report - 02 / 12 / 2011.

"VRS" Online Supporters of the "Fund Strategies Forum IV"

29 November 2011, Athens, Greece

Flyer Agenda Organized by www.Financial-Academy.eu

Τα Χρηματιστήρια του Κόσμου - Ένθετο "Η ΚΑΘΗΜΕΡΙΝΗ", 9 Δεκεμβρίου 2001 (σελ. 14-15)

Νικόλαος Ηρ. Γεωργιάδης

MATCH MADE, Τεύχος 2, Σύνοψη, Νοέμβριος 2011 από τη "VRS" [ Ενημερωτικό Δελτίο Εταιρικών Deals ]

	Δελτίο Ενέργειας, Σεπτέμβριος 2011.
	Η Αγορά του Πετρελαίου. Θεμελιώδη, Πρακτική και Εισαγωγικό Trading

Crash Course από τη Financial-Academy.gr, 15 & 17 Οκτωβρίου 2011

Εισηγητής: Νικόλαος Κοντινάκης, Σύμβουλος Ενεργειακής Πολιτικής και Αγορών του IRAJ

	Cotton Analysis Report - 14 / 10 / 2011.
	MLS Valuation Report by "VRS", Fall 2011.
	Insurance Conference and Agenda by Financial Times Ltd, 13 October 2011, Athens, Greece

	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Αυγούστου - Σεπτεμβρίου 2011. Πηγή: Τράπεζα της Ελλάδος
	IRAJ View on Equity Market Prospects, 30 September 2011. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 2 Οκτωβρίου 2011 ]
	Cotton Analysis Report - 30 / 09 / 2011.
	Cotton Analysis Report - 09 / 09 / 2011.
	IRAJ View on Equity Market Prospects, 9 September 2011. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 11 Σεπτεμβρίου 2011 ]

	Cotton Analysis Report - 26 / 08 / 2011.
	IRAJ View on Equity Market Prospects, 26 August 2011. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 28 Αυγούστου 2011 ]
	Δελτίο Ενέργειας, Ιούνιος 2011.
	Συνεργασία της "Valuation & Research Specialists" ("VRS") με τη FactSet Αύγουστος 2011
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Ιουλίου 2011. Πηγή: Τράπεζα της Ελλάδος
	GEK TERNA Fact Sheet, August 2011.
	Valuation of a Car Service Company
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Ιουνίου 2011. Πηγή: Τράπεζα της Ελλάδος
	Cotton Analysis Report - 01 / 07 / 2011.
	Δελτίο Ενέργειας, Μάιος 2011.
	KRI KRI Fact Sheet, June 2011.
	IRAJ View on Equity Market Prospects, 24 June 2011. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 26 Ιουνίου 2011 ]
	FOURLIS Flash Note, June 2011.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Μαίου 2011. Πηγή: Τράπεζα της Ελλάδος
	FORTHNET Fact Sheet, June 2011.
	SARANTIS Flash Note, June 2011.

IRAJ View on Equity Market Prospects, 10 June 2011.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 12 Ιουνίου 2011 ]

Δελτίο Ενέργειας, Απρίλιος 2011.

"VRS"

Υποστηρικτής στην έκθεση ζωγραφικής "Ανθοσφόριων Όψεις", Δευτέρα 23 Μαϊου 2011

Αίθουσα Τέχνης S. G. Art Gallery, St. George Lycabettus Hotel, Κολωνάκι, Οργάνωση: Ελένα Χειρδάρη

"VRS"

Online Supporters of the "Wealth Management & Family Offices Forum II"

17 May 2011, Athens, Greece

	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Απριλίου 2011. Πηγή: Τράπεζα της Ελλάδος
	IASO Fact Sheet, May 2011.
	IRAJ View on Equity Market Prospects, 13 May 2011. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

Portfolio & Risk Management Models 10 και 12 Μαϊου 2011.

	ΟΙΚΟΝΟΜΙΚΟ ΠΑΝΕΠΙΣΤΗΜΙΟ ΑΘΗΝΩΝ - Δευτέρα 9 Μαϊου 2011 Παρουσίαση της Μαρίας Παπαδοπούλου, Χρηματοοικονομικής Αναλύτριας της "VRS" για την Αποτίμηση Εταιριών στα πλαίσια του μαθήματος "Διαχείριση Επενδύσεων" του Τμήματος Οργάνωσης & Διοίκησης Επιχειρήσεων, Καθηγητές Π. Φ. Διαμάντης, Α. Α. Δράκος
	ELVAL Fact Sheet, April 2011.
	Cotton Analysis Report - 15 / 04 / 2011.
	IRAJ View on Equity Market Prospects, 15 April 2011. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

Cotton Analysis Report - 15 / 04 / 2011.

www.assetconference.gr

The Financial Times "Asset Management and Private Banking Conference"

Athens, Greece - Wednesday 13th April 2011 Photo1 Photo2

"Valuation & Research Specialists" ("VRS") Scientific Contributors of the Conference

Εξελίξεις Ελληνικής Αγοράς Ομολόγων Μαρτίου 2011. Πηγή: Τράπεζα της Ελλάδος

MATCH MADE, Τεύχος 1, Απρίλιος 2011 από τη "VRS" [ Ενημερωτικό Δελτίο Εταιρικών Deals ]

	Δελτίο Ενέργειας, Μάρτιος 2011.
	Sarantis Fact Sheet, April 2011.
	Corporate Valuation Modeling - Χρηματοοικονομικά Μοντέλα Αποτίμησης Εταιριών 5, 7 και 9 Απριλίου 2011.

"VRS"

Online Sponsor of the "Business Analytics Forum", 21 March 2011, in Athens, Greece

Flyer Organized by the Financial Academy Press Release: Greek English

	IRAJ View on Equity Market Prospects, 17 March 2011.
	Corporate Budget Modeling Seminar. Corporate Budget Modeling Seminar Full Brochure.

Εφαρμοσμένο Σεμινάριο - Εργαστήριο σε Συνεργασία με την Οικονομοτεχνική Seminars A.E. 15 & 16 / 03 / 2011

Εισηγήτρια : Μαρία Παπαδοπούλου, Χρηματοοικονομική Αναλύτρια της "Valuation & Research Specialists" ("VRS")

	Δελτίο Ενέργειας, Φεβρουάριος 2011.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Φεβρουαρίου 2011. Πηγή: Τράπεζα της Ελλάδος
	Anavex Life Sciences Corp. Valuation Update (US Equities) by "VRS", 8 March 2011
	Cotton Analysis Report - 04 / 03 / 2011.
	Fourlis Fact Sheet, March 2011.
	Valuation Reports of 17 Subsidiaries of a Multinational Group of Companies by "VRS", February 2011
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Ιανουαρίου 2011. Πηγή: Τράπεζα της Ελλάδος
	Cotton Analysis Report - 04 / 02 / 2011.
	Cotton Analysis Report - 14 / 01 / 2011.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Δεκεμβρίου 2010. Πηγή: Τράπεζα της Ελλάδος
	Plaisio Fact Sheet, December 2010.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Νοεμβρίου 2010. Πηγή: Τράπεζα της Ελλάδος
	IRAJ View on Equity Market Prospects, 17 December 2010. [ Δημοσίευση στην οικονομική εφημερίδα "ΗΜΕΡΗΣΙΑ", 23 - 26 Δεκεμβρίου 2010 ]

Cotton Analysis Report - 17 / 12 / 2010.

Portfolio & Risk Management Models 7 και 9 Δεκεμβρίου 2010.

Corporate Valuation Modeling - Χρηματοοικονομικά Μοντέλα Αποτίμησης Εταιριών 30 Νοεμβρίου, 2 και 4 Δεκεμβρίου 2010.

Cotton Analysis Report - 26 / 11 / 2010.

"VRS"

Supporter of the "3rd Fund Strategies Forum", 23 November 2010, in Athens, Greece

Agenda Flyer Organized by www.derivatives.gr

	Paperpack Valuation Report by "VRS", November 2010
	Δελτίο Ενέργειας, Οκτώβριος 2010.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Οκτωβρίου 2010. Πηγή: Τράπεζα της Ελλάδος
	Cotton Analysis Report - 05 / 11 / 2010.
	IRAJ View on Equity Market Prospects, 29 October 2010. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ", 31 /10 / 2010 ]

"VRS"

Supporter of the "1st Private Equity Forum", 26 October 2010, in Athens, Greece

Flyer Δελτίο Τύπου Organized by www.derivatives.gr

Εξελίξεις Ελληνικής Αγοράς Ομολόγων Σεπτεμβρίου 2010. Πηγή: Τράπεζα της Ελλάδος

The Value Invest Magazine by "VRS" [2nd Semester 2010]

	Cotton Analysis Report - 08 / 10 / 2010.
	Jumbo Fact Sheet, September 2010.
	Research Papers presented by John A. Theodorou [ VRS and IRAJ academic research contributor ]

at the IIFET (International Institute for Fisheries, Economics and Trade) 2010 Conference (Montpellier, France, July 2010)

Optimal Farm Size for the Production of the Mediterranean Mussel in Greece

Risk Perceptions and Risk Management Strategies of the Greek Mussel Farmers

Risk Assessment of the Mediterranean and Sea Bream Industry in Greece

Capital IQ Press Release - 21 September 2010.

Capital IQ distributes "Valuation & Research Specialists" ("VRS") equity and academic research reports internationally

	Cotton Analysis Report - 17 / 09 / 2010.
	IRAJ View on Equity Market Prospects, 10 September 2010. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Αυγούστου 2010. Πηγή: Τράπεζα της Ελλάδος
	Cotton Analysis Report - 03 / 09 / 2010.

Dividend Policy and the Lintner Model by "Valuation & Research Specialists" ("VRS")

	Cotton Analysis Report - 27 / 08 / 2010.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Ιουλίου 2010. Πηγή: Τράπεζα της Ελλάδος
	Cotton Analysis Report - 14 / 08 / 2010.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Ιουνίου 2010. Πηγή: Τράπεζα της Ελλάδος

	IRAJ View on Equity Market Prospects, 15 July 2010. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]
	Cotton Analysis Report - 09 / 07 / 2010.
	"Investment Research & Analysis Journal" by "Valuation & Research Specialists" ("VRS") 7th Issue
	Identifying Potential Acquisition Targets Using Accounting and Financial Data by "Valuation & Research Specialists" ("VRS")
	Titan Cement Fact Sheet, June 2010.
	Cotton Analysis Report - 18 / 06 / 2010.
	Financial Analysis of an Insurance Agent by "VRS", June 2010.

	IRAJ View on Equity Market Prospects, 18 June 2010. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Μαίου 2010. Πηγή: Τράπεζα της Ελλάδος
	Eurobank Properties Fact Sheet, June 2010.
	Cotton Analysis Report - 04 / 06 / 2010.
	Piraeus Port Authority Fact Sheet, June 2010.
	Συνεργασία της "Valuation & Research Specialists" ("VRS") με την Capital IQ Ιούνιος 2010 Δελτίο Τύπου - Press Release
	Cotton Analysis Report - 28 / 05 / 2010.
	Δελτίο Ενέργειας, Μάιος 2010.

"VRS"

Supporter of the "Wealth Management Forum", 18 May 2010, in Athens, Greece

Flyer What will you gain Organized by www.derivatives.gr

	IRAJ View on Equity Market Prospects, 16 May 2010. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]
	MLS Valuation Report by "VRS", May 2010.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Απριλίου 2010. Πηγή: Τράπεζα της Ελλάδος
	Cotton Analysis Report - 07 / 05 / 2010.
	IRAJ View on Equity Market Prospects, 3 May 2010. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]
	Δελτίο Ενέργειας, Απρίλιος 2010.
	Cotton Analysis Report - 23 / 04 / 2010.
	IRAJ View on Equity Market Prospects, 22 April 2010. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]
	IRAJ View on Equity Market Prospects, 9 April 2010. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Μαρτίου 2010. Πηγή: Τράπεζα της Ελλάδος
	Δελτίο Ενέργειας, Μάρτιος 2010.

IRAJ View on Equity Market Prospects, 26 March 2010.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

Cotton Analysis Report - 19 / 03 / 2010.

Long-Run Performance of Greek Initial Public Offerings (IPOs) by "Valuation & Research Specialists" ("VRS")

Financial Reporting & Information Disclosure of 3 Annual Reports by "Valuation & Research Specialists" ("VRS")

Evaluation of an International CE - MDA Distributor by "VRS"

IRAJ View on Equity Market Prospects, 12 March 2010.

[ Δημοσίευση στην οικονομική εφημερίδα "ΗΜΕΡΗΣΙΑ" ]

	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Φεβρουαρίου 2010. Πηγή: Τράπεζα της Ελλάδος
	Valuation of an International Energy Group by "VRS"
	Cotton Analysis Report - 05 / 03 / 2010.
	Brand Strategy in Professional Sports Market presented by "VRS"

Επαγγελματική Πιστοποίηση Διαχείρισης Επενδύσεων Άνοιξη - Καλοκαίρι 2010 [Brochure]

από το "Chartered Institute for Securities & Investment" του Λονδίνου και την "H & F Analysis"

Expert Training Advisor: "Valuation & Research Specialists" ("VRS")

	Δελτίο Ενέργειας, Φεβρουάριος 2010.
	Cotton Analysis Report - 19 / 02 / 2010.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Ιανουαρίου 2010. Πηγή: Τράπεζα της Ελλάδος
	Cotton Analysis Report - 05 / 02 / 2010.
	IRAJ View on Equity Market Prospects, 29 January 2010.
	Δελτίο Ενέργειας, Ιανουάριος 2010.
	Cotton Analysis Report - 22 / 01 / 2010.
	Cotton Analysis Report - 08 / 01 / 2010.
	IRAJ View on Equity Market Prospects, 7 January 2010.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Δεκεμβρίου 2009. Πηγή: Τράπεζα της Ελλάδος
	Δημοσίευση Άποψης της "VRS" για τις Αγορές Μετοχών το 2010 - Εφημερίδα "ΗΜΕΡΗΣΙΑ" 24-27/12/2009.
	Δελτίο Ενέργειας, Δεκέμβριος 2009.
	Trading Show by Derivatives.gr, 18 Δεκεμβρίου 2009, Αθήνα, Hilton

"Valuation & Research Specialists" ("VRS") Υποστηρικτής Internet

Τα Θεμελιώδη της Τιμής του Πετρελαίου Ομιλία από τον κ. Νικόλαο Κοντινάκη

Αποτίμηση Αγοράς Μετοχών Ομιλία από τον κ. Νικόλαο Ηρ. Γεωργιάδη Video Ομιλίας

Φωτογραφία Πάνελ Συνεδρίου

	Cotton Analysis Report - 18 / 12 / 2009.
	IRAJ View on Equity Market Prospects, 16 December 2009.
	Cotton Analysis Report - 11 / 12 / 2009.
	Portfolio & Risk Management Models 8 & 10 Δεκεμβρίου 2009.

Εξελίξεις Ελληνικής Αγοράς Ομολόγων Νοεμβρίου 2009. Πηγή: Τράπεζα της Ελλάδος

IRAJ View on Equity Market Prospects, 27 November 2009.
[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

Cotton Analysis Report - 27 / 11 / 2009.

"Integrity at Work Seminar" from "Chartered Institute for Securities & Investment" Invitation

Corporate Valuation Modeling - Χρηματοοικονομικά Μοντέλα Αποτίμησης Εταιριών 24,26,28 Νοεμβρίου 2009.

"VRS" Υποστηρικτής του

24 Νοεμβρίου 2009 - Θεματολογία Συνεδρίου

"Investment Research & Analysis Journal" by "Valuation & Research Specialists" ("VRS")

6th Issue

	IRAJ View on Equity Market Prospects, 16 November 2009.
	Cotton Analysis Report - 13 / 11 / 2009.
	Δελτίο Ενέργειας, Νοέμβριος 2009.
	IRAJ View on Equity Market Prospects, 2 November 2009.

"Guiness Ad Video"

Great Ads behind Great Brand Values: "Good things (as well as brand values) come to those who wait"

	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Οκτωβρίου 2009. Πηγή: Τράπεζα της Ελλάδος
	Cotton Analysis Report - 23 / 10 / 2009.
	Cotton Analysis Report - 16 / 10 / 2009.
	IRAJ View on Equity Market Prospects, 15 October 2009. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

Cotton Analysis Report - 09 / 10 / 2009.

Επαγγελματική Πιστοποίηση Διαχείρισης Επενδύσεων 2009 - 2010 [Brochure]

από το "Securities & Investment Institute" του Λονδίνου και την "H & F Analysis"

Expert Training Advisor: "Valuation & Research Specialists" ("VRS")

	Δελτίο Ενέργειας, Οκτώβριος 2009.
	Layton Group Valuation Report (German Equities) by "VRS"

[ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

	Greek Automotive Sector, September 2009 [Αγγλική Γλώσσα] [ "Η ανωτέρω κλαδική ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Σεπτεμβρίου 2009. Πηγή: Τράπεζα της Ελλάδος
	IRAJ View on Equity Market Prospects, 1 October 2009. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

	IRAJ View on Equity Market Prospects, 21 September 2009.
	Cotton Analysis Report - 18 / 09 / 2009.
	Anavex Life Sciences Corp. Valuation Report (US Equities) by "VRS"
	Δελτίο Ενέργειας, Αύγουστος - Σεπτέμβριος 2009.
	IRAJ View on Equity Market Prospects, 7 September 2009.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Αυγούστου 2009. Πηγή: Τράπεζα της Ελλάδος
	Global Vehicle Sales in 2008 [ File in Microsoft Excel ]
	European League Revenues during 2007 - 2008 [ File in Microsoft Excel ]
	Dairy Crest Group Valuation Report (UK Equities) by "VRS"

[ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

	Η "Valuation & Research Specialists" ("VRS") στο www.globaltrader.gr
	Η "Valuation & Research Specialists" ("VRS") στο WORLD BUSINESS GUIDE

IRAJ View on Equity Market Prospects, 28 August 2009.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

	Cotton Analysis Report - 28 / 08 / 2009.
	IRAJ View on Equity Market Prospects, 13 August 2009.
	IRAJ View on Equity Market Prospects, August 2009.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Ιουλίου 2009. Πηγή: Τράπεζα της Ελλάδος
	IRAJ View on Brand Name Valuation. English Language
	IRAJ View on Brand Name Valuation. Greek Language

	IRAJ View on Equity Market Prospects, July 2009. Part A Part B [ Δημοσίευση στην οικονομική εφημερίδα "WEEKEND X PRESS" ]
	Στατιστικά Στοιχεία Νέων Εισαγωγών & Δημόσιων Εγγραφών 2000 - 2007.
	Cotton Analysis Report - 17 / 07 / 2009.
	Δελτίο Ενέργειας, Ιούλιος 2009.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Ιουνίου 2009. Πηγή: Τράπεζα της Ελλάδος
	Cotton Analysis Report - 26 / 06 / 2009.
	MLS Valuation Report by "VRS", June 2009.

	IRAJ View on Equity Market Prospects, June 2009. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]
	Δελτίο Ενέργειας, Ιούνιος 2009.
	Cotton Analysis Report - 12 / 06 / 2009.
	Attica Bank Valuation Report by "VRS", June 2009.
	Condensed Valuation Model of Zinedine Zidane by "VRS" [ File in Microsoft Excel ]
	IRAJ View on Equity Market Prospects, June 2009. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Μαίου 2009. Πηγή: Τράπεζα της Ελλάδος

1ο Αναπτυξιακό Συνέδριο Νομού Καρδίτσας "Τουρισμός - Αθλητισμός"

Σάββατο 30 Μαίου 2009

Ομιλητής: Γεώργιος Πασιάκος εκ μέρους της "Valuation & Research Specialists" ("VRS")

Πρόγραμμα Συνεδρίου: Μέρος Α', Μέρος Β'

	Cotton Analysis Report - 29 / 05 / 2009.
	Valuation of 3 Auto Dealers by "VRS", May 2009.

	IRAJ View on Equity Market Prospects, May 2009. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]
	H "VRS" Υποστηρικτής του "Asset Management Forum" 20 Μαίου 2009 Αναλυτικό Πρόγραμμα Ομιλιών Συνεδρίου

	IRAJ View on Equity Market Prospects, May 2009. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]
	Δελτίο Ενέργειας, Μάιος 2009.

The Value Invest Magazine by "VRS" [1st Semester 2009]

	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Απριλίου 2009. Πηγή: Τράπεζα της Ελλάδος
	Soccer Club Values 2007 presented by "VRS"
	Cotton Analysis Report - 24 / 04 / 2009.
	Μέθοδοι Αξιολόγησης & Αποτίμησης της Ανθρώπινης Ζωής. [Φοιτητική Εργασία]
	Quarterly Review on Greek Equities and Economy, April 2008, by "VRS"
	Cotton Analysis Report - 10 / 04 / 2009.
	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Μαρτίου 2009. Πηγή: Τράπεζα της Ελλάδος
	Ελληνική Αγορά Α/Κ και Εταιριών Επενδύσεων - Στατιστικά Στοιχεία 31 / 03 / 2009. [Πηγή: Ένωση Θεσμικών Επενδυτών.]
	Global Brand Values 2007 presented by "VRS"
	IRAJ View on Winston Churchill Quote, March 2009.
	Cotton Analysis Report - 27 / 03 / 2009.
	Νέες Εισαγωγές & Δημόσιες Εγγραφές 2000 - 2005.
	Portfolio & Risk Management Models 17 & 19 Μαρτίου 2009.
	Corporate Valuation Modeling - Χρηματοοικονομικά Μοντέλα Αποτίμησης Εταιριών 10,12,14 Μαρτίου 2009.

	Cotton Analysis Report - 13 / 03 / 2009.
	IRAJ View on Equity Market Prospects, March 2009. [ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Φεβρουαρίου 2009. Πηγή: Τράπεζα της Ελλάδος
	Cotton Analysis Report - 20 / 02 / 2009.
	IRAJ View on Equity Market Prospects, February 2009.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

	Valuation Report of a Global Brand by "VRS", February 2009.
	IRAJ View on Equity Market Prospects, February 2009.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

	Cotton Analysis Report - 30 / 01 / 2009.
	Quarterly Review on Greek Equities and Economy, January 2008, by "VRS"
	Cotton Analysis Report - 16 / 01 / 2009.
	IRAJ View on Equity Market Prospects, January 2009.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

	Εξελίξεις Ελληνικής Αγοράς Ομολόγων Ιανουαρίου 2009. Πηγή: Τράπεζα της Ελλάδος
	GLOBO PLC (Listed on AIM, UK) Valuation Report by "VRS"

[ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

	Financial Analysis & Budgeting of a Brokerage Firm by "VRS"
	IRAJ View on Equity Market Prospects, December 2008.

[ Δημοσίευση στην οικονομική εφημερίδα "ΗΜΕΡΗΣΙΑ" ]

	H "VRS" Υποστηρικτής του "Investments - Forum" 20 Δεκεμβρίου 2008
	Cotton Analysis Report - 19 / 12 / 2008.
	IRAJ View on Deflation, Cost of Debt and Valuations by "VRS"

IRAJ View on Deflation, Cost of Debt and Valuations by "VRS" in Greek Language

IRAJ View on Greek Equity Market, December 2008.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

	Financial Analysis & Budgeting of a PVC Hoses Manufacturer by "VRS"
	Cotton Analysis Report - 04 / 12 / 2008.
	IRAJ View on Greek Equity Market, November 2008.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

	"Note on the Greek Equities of FTSE-20" by "VRS"
	Cotton Analysis Report - 04 / 11 / 2008.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 03/11/2008.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 03/11/2008.
	Corporate Valuation Modeling - Χρηματοοικονομικά Μοντέλα Αποτίμησης Εταιριών 21,23,25 Οκτωβρίου 2008.
	Cotton Analysis Report - 24 / 10 / 2008.
	Quarterly Review on Greek Equities and Economy, October 2008, by "VRS"
	IRAJ View on Greek Equity Market, October 2008.

[ Δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]

	Cotton Analysis Report - 10 / 10 / 2008.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 09/10/2008.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 09/10/2008.
	"Το Κραχ του 2008" - Ομιλία & Παρουσίαση των κ.κ. Περικλή Κωνσταντινίδη και Νικόλαου Γεωργιάδη, 6 Οκτωβρίου 2008.
	Οι Δυνάμεις της Προσφοράς & Ζήτησης Πετρελαίου.
	Sports Tourism Business & Investments

Real Estate Valuation Modeling

	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 20/09/2008.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 20/09/2008.

H "VRS" και το "IRAJ"

Υποστηρικτές του Return to index 17 Σεπτεμβρίου 2008

	FG Europe Valuation Report Update 15/09/2008 by "VRS"
	Cotton Weekly Report - 12 / 09 / 2008.
	IRAJ View on Weather Derivatives by "VRS"
	Cotton Weekly Report - 29 / 08 / 2008.
	IRAJ View on Greek Equity Market, August 2008.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 12/08/2008.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 12/08/2008.

The Value Invest Magazine by "VRS" [2nd Semester 2008]

	Carteco Valuation Report by "VRS" [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Cotton Weekly Report - 25 / 07 / 2008.
	Quarterly Review on Greek Equities and Economy, July 2008, by "VRS"
	FG Europe Valuation Report Update by "VRS"
	Cotton Weekly Report - 04 / 07 / 2008.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 02/07/2008.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 02/07/2008.
	IRAJ View on Real Options by "VRS"
	PASAL Valuation Report by "VRS"
	Cotton Weekly Report - 06 / 06 / 2008.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 04/06/2008.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 04/06/2008.
	Thrace Plastics Valuation Report by "VRS", May 2008. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Euroterra Bulgaria Valuation Report by "VRS"
	Cotton Weekly Report - 09 / 05 / 2008.
	FG Europe Valuation Report Update by "VRS"
	International Data Centers Market, May 2008 [Αγγλική Γλώσσα] [ "Η ανωτέρω κλαδική ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Portfolio & Risk Management Models 6 & 8 Μαίου 2008.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 05/05/2008.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 05/05/2008.
	Απρίλιος 2008, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Cotton Weekly Report - 24 / 04 / 2008.
	Quarterly Review on Greek Equities and Economy, April 2008, by "VRS"
	Greek Toys & Games Market, April 2008 [Αγγλική Γλώσσα] [ "Η ανωτέρω κλαδική ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	"Investment Research & Analysis Journal" by "Valuation & Research Specialists" ("VRS") 5th Issue

Corporate Valuation Modeling - Χρηματοοικονομικά Μοντέλα Αποτίμησης Εταιριών 15,17,19 Απριλίου 2008.

	MLS Valuation Report by "VRS", April 2008.
	Valuation Report of a Real Estate Developer in Bulgaria by "VRS", April 2008.
	Cotton Weekly Report - 11 / 04 / 2008.
	Cotton Weekly Report - 14 / 03 / 2008.
	Η Ελληνική Αγορά Μετοχών, 3 Απριλίου 2008. [ Σάββατο 5 Απριλίου 2008, Δημοσίευση στην εφημερίδα "ΗΜΕΡΗΣΙΑ" ]
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 01/04/2008.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 01/04/2008.
	Μάρτιος 2008, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Cotton Weekly Report - 28 / 03 / 2008.
	Cash Flow Model. [ Excel File ]

[ "Το ανωτέρω μοντέλο είναι διαθέσιμο μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

Consolidation Model. [ Excel File ]

[ "Το ανωτέρω μοντέλο είναι διαθέσιμο μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

Beta Model. [ Excel File ]

[ "Το ανωτέρω μοντέλο είναι διαθέσιμο μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

	Cotton Weekly Report - 07 / 03 / 2008.
	Η Ελληνική Αγορά Μετοχών, 5 Μαρτίου 2008. [ Σάββατο 8 Μαρτίου 2008, Δημοσίευση στην εφημερίδα "ΗΜΕΡΗΣΙΑ" ]
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 03/03/2008.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 03/03/2008.
	Φεβρουάριος 2008, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Cotton Weekly Report - 29 / 02 / 2008.
	Διεθνείς Αγορές Εμπορευμάτων, 26 Φεβρουαρίου 2008. [ Κυριακή 2 Μαρτίου 2008, Δημοσίευση στην εφημερίδα "ΗΜΕΡΗΣΙΑ" ]
	Valuation Report of Renewable Energy Sources by "VRS", February 2008.
	Condensed DCF (Discounted Cash Flow) Model. [ Excel File ] [ "Το ανωτέρω μοντέλο είναι διαθέσιμο μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	IRR & Capital Budgeting Model. [ Excel File ] [ "Το ανωτέρω μοντέλο είναι διαθέσιμο μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Cotton Weekly Report - 15 / 02 / 2008.
	Polypropylene versus Oil Market, February 2008.
	Cotton Weekly Report - 08 / 02 / 2008.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 04/02/2008.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 04/02/2008.

Στρατηγικές Διαχείρισης Κινδύνου - Αγορά Πετρελαίου. Video Ομιλίας

Ομιλία από τον κ. Φιλήμων Αντωνόπουλο, 2 & 3 Φεβρουαρίου 2008 στην Αίγλη Ζαππείου, Αθήνα, Derivatives Forum από το www.derivatives.gr .

	Αποτίμηση Αγοράς Μετοχών Video Ομιλίας Ομιλία από τον κ. Νικόλαο Ηρ. Γεωργιάδη της "Valuation & Research Specialists" ("VRS"), 2 & 3 Φεβρουαρίου 2008 στην Αίγλη Ζαππείου, Αθήνα, Derivatives Forum από το www.derivatives.gr .
	Photovoltaic Park Valuation Report by "VRS", January 2008. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Ιανουάριος 2008, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Μέθοδοι Αποτίμησης Ακινήτων από Ορκωτούς Εκτιμητές - Πραγματογνώμονες.
	Quarterly Review on Greek Equities and Economy, January 2008, by "VRS"
	Cotton Weekly Report - 18 / 01 / 2008.

Kreka Valuation Report Update by "VRS", January 2008.

[ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

	Alumil Valuation Report by "VRS", January 2008. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Cotton Weekly Report - 11 / 01 / 2008.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 07/01/2008.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 07/01/2008.
	Cotton Weekly Report - 04 / 01 / 2008.
	Δεκέμβριος 2007, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Corporate Valuation Modeling - Χρηματοοικονομικά Μοντέλα Αποτίμησης Εταιριών Δεκέμβριος 2007.

	Cotton Weekly Report - 14 / 12 / 2007.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 10/12/2007.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 10/12/2007.
	Kalpinis-Simos Valuation Report by "VRS", December 2007. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	"Investment Research & Analysis Journal" by "Valuation & Research Specialists" ("VRS") 4th Issue

	Νοέμβριος 2007, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Cotton Weekly Report - 30 / 11 / 2007.

Η Ελληνική Αγορά Μετοχών εν Μέσω Εισαγόμενης Κρίσης, 21 Νοεμβρίου 2007.

[ Κυριακή 25 Νοεμβρίου 2007, Παράλληλη δημοσίευση στην εφημερίδα "Η ΚΑΘΗΜΕΡΙΝΗ" ]

	Dromeas Valuation Report by "VRS", November 2007. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Cotton Weekly Report - 16 / 11 / 2007.
	Ελληνική Αγορά Μετοχών: Ύφεση, Κρίση ή Κάτι Άλλο;, 9 Νοεμβρίου 2007. [ Κυριακή 11 Νοεμβρίου 2007, Παράλληλη δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]
	Cotton Weekly Report - 09 / 11 / 2007.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 05/11/2007.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 05/11/2007.
	Οκτώβριος 2007, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	ΕΥΑΤΗ Valuation Report by "VRS"
	Η Ανεξάρτητη Ανάλυση της "VRS" μέσα από τις σελίδες του www.derivatives.gr

Digital Weekly Magazine by www.derivatives.gr

	Cotton Weekly Report - 26 / 10 / 2007.
	Με Θετικό "Χρώμα" η Αγορά, 26 Οκτωβρίου 2007. [ Σάββατο 27 Οκτωβρίου 2007, Παράλληλη δημοσίευση στην οικονομική εφημερίδα "ΚΕΡΔΟΣ" ]
	Petros Petropoulos Valuation Report by "VRS", October 2007. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

Το Investment Research & Analysis Journal παρουσιάζει δύο επιστημονικά άρθρα για τη MiFID του κ. Χαρίλαου Μερτζάνη, Διευθυντή Μελετών της Ελληνικής Επιτροπής Κεφαλαιαγοράς:

----------Διαφορές μεταξύ ISD και MiFID.

----------MiFID και Ελληνικές ΑΕΠΕΥ.

Cotton Weekly Report - 19 / 10 / 2007.

	FG Europe Valuation Report Update by "VRS"
	Quarterly Review on Greek Equities and Economy, October 2007, by "VRS"
	Cotton Weekly Report - 12 / 10 / 2007.

	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - 01/10/2007.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - 01/10/2007.
	Σεπτέμβριος 2007, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Cotton Weekly Report - 28 / 09 / 2007.

Forthnet Valuation Report by "VRS", September 2007.

[ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

Kreka Valuation Report by "VRS", September 2007.

[ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

	25 September 2007: "Implementing MiFID", Seminar on "Markets in Financial Instruments Directive" London's "Securities & Investment Institute" ("SII") organized a special seminar on "Implementing MiFID" in co-operation with Marfin Egnatia Bank. The event took place on 25 September 2007, in Grande Bretagne Hotel, Athens, Greece. The seminar was presented by Efthimios Bouloutas (Chief Executive, Marfin Egnatia Bank), Simon Culhane (Chief Executive of "SII"), Christopher Bond MSI (Senior Advisor, MiFID), and Dr. Harilaos Mertzanis (Director of Research, Certification and MIS of the Hellenic Capital Market Commission). The "Markets in Financial Instruments Directive" ("MiFID") is the cornerstone of the European Commission's Financial Services Action Plan which will significantly change how EU financial service markets operate. The "Securities & Investment Institute" ("SII") is the largest and most widely respected professional body for those who work in the securities and investment industry in UK. "H&F Analysis" and "Valuation & Research Specialists" ("VRS") are joint promoters of SII's professional certificates (Certificate in Investment Management and Certificate in Corporate Finance) in the Greek market. Seminar's Presentations: MiFID Presentation for SII Greek Branch by Christopher Bond MiFID - Multiple Trading Venues and Best Execution by Dr. Harilaos Mertzanis
	Cotton Weekly Report - 21 / 09 / 2007.
	Cotton Weekly Report - 14 / 09 / 2007.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - Σεπτέμβριος 2007.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - Σεπτέμβριος 2007.
	Αύγουστος 2007, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - Αύγουστος 2007.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - Αύγουστος 2007.
	Cotton Weekly Report - 03 / 08 / 2007.
	Quarterly Review on Greek Equities and Economy, July 2007, by "VRS"
	Ιούλιος 2007, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.

	The Value Invest Magazine by "VRS" [2nd Semester 2007]

	Attica Bank Valuation Report by "VRS", July 2007. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Spider Valuation Report by "VRS", July 2007. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Οι Κύκλοι της Αγοράς, 12 Ιουλίου 2007.

[ Κυριακή 15 Ιουλίου 2007, Παράλληλη δημοσίευση στην εφημερίδα "Η ΚΑΘΗΜΕΡΙΝΗ" ]

	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - Ιούλιος 2007.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - Ιούλιος 2007.
	Ιούνιος 2007, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Alumil Valuation Report Update by "VRS", July 2007.
	Διαχείριση Περιουσίας Ταμείων. Πόσο Διαφέρει η Ελληνική από τη Διεθνή Πρακτική;

Παρουσίαση Ομιλίας κ. Νίκου Τεσσαρομάτη, Καθηγητή Χρηματοοικονομικής,

ALBA Graduate Business School, και Γενικού Διευθυντή ΕΔΕΚΤ-ΟΤΕ, η οποία πραγματοποιήθηκε

την 14η Ιουνίου 2007, κατά τον εορτασμό της 60ής επετείου του CFA Institute.

	"Investment Research & Analysis Journal" by "Valuation & Research Specialists" ("VRS") 3rd Issue
	FG Europe Valuation Report Update by "VRS", June 2007.
	Spirou Valuation Report by "VRS", June 2007. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - Ιούνιος 2007.
	Τεχνική Ανάλυση Επιλεγμένων Μετοχών - Ιούνιος 2007.
	Τεχνική Ανάλυση EUR / USD, Ιούνιος 2007.
	IRAJ View on Price Sales Ratio.
	Μάιος 2007, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	NIREUS Valuation Report by "VRS", May 2007. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Απρίλιος 2007, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Quarterly Review on Greek Equities and Economy, April 2007, by "VRS"
	IRAJ View on PEG.
	Σε Αναμονή Νέων Καταλυτών η Αγορά, 5 Απριλίου 2007.
	KRI KRI Valuation Report by "VRS", March 2007. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	ABRAMOVITS - Success Stories.
	HILTON - Success Stories.
	SHELL - Success Stories.
	IRAJ View on Cash.
	Μάρτιος 2007, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Φεβρουάριος 2007, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Electroniki Athinon Valuation Report by "VRS".
	FHL Kiriakidis Valuation Report by "VRS", February 2007. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	IRAJ View on Fundamental versus Technical Analysis.
	Ιανουάριος 2007, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Quarterly Review on Greek Equities and Economy, January 2007, by "VRS"
	OPAP Valuation Report by "VRS", January 2007. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Flexopack Valuation Report by "VRS", January 2007.

Ιστορική Σειρά Παρουσίασης των Σημαντικότερων Μελετών του "IRAJ"

[ Από το Νοέμβριο του Έτους 2003 έως και το Δεκέμβριο του Έτους 2006 ]

[ Ίδρυση "IRAJ" : Έτος 2001 ]

	"Investment Research & Analysis Journal" by "Valuation & Research Specialists" ("VRS") 2nd Issue
	Δεκέμβριος 2006, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Thrace Plastics Valuation Report by "VRS", December 2006. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	IRAJ View on Valuation Methods December 2006.
	Νοέμβριος 2006, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	HDFS Equity Research Update by "VRS", November 2006. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Sato Valuation Report by "VRS", November 2006.
	EFG Eurobank Valuation Update by "VRS", November 2006. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Επαγγελματική Πιστοποίηση Corporate Finance Νοέμβριος 2006 - Φεβρουάριος 2007 [Brochure] [Invitation] [Presentation] από το "Securities & Investment Institute" του Λονδίνου και την "H & F Analysis"
	Οκτώβριος 2006, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	To "Investment Research & Analysis Journal" - www.iraj.gr παρουσιάζει το Μεταπτυχιακό Πρόγραμμα Στελεχών στη Λογιστική και Χρηματοοικονομική Διοίκηση υπό την αιγίδα του Πανεπιστημίου Λάνκαστερ (Μ. Βρετανίας) και του Πανεπιστημίου Μακεδονίας (Ελλάδας). Press Release
	Intralot Valuation Report by "VRS", October 2006. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Quarterly Review on Greek Equities and Economy by "VRS"
	Η Τέχνη του "Corporate Finance" στην Ελλάδα και τον Κόσμο, Οκτώβριος 2006.
	Η Τέχνη του "Corporate Finance".
	Μετοχές Υψηλής Μεταβλητότητας, Οκτώβριος 2006.
	Unisystems Equity Research Update, October 2006.
	Σεπτέμβριος 2006, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Presentation of Greek Economy, September 2006.
	A Note on Greek Economy, September 2006.
	HDFS Valuation Report by "VRS", September 2006. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Αύγουστος 2006, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Selonda Valuation Report by "VRS", August 2006.
	IRAJ View on Rights Issues.
	Η Αγορά του Αργού Πετρελαίου Ανοίγει για το Επενδυτικό Κοινό!
	Ιούλιος 2006, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Sarantis Valuation Report by "VRS", July 2006. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Delta Holding (Vivartia) Valuation Report by "VRS", July 2006. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	EFG Eurobank Valuation Report by "VRS", July 2006. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Οι Αγορές και οι Αθεράπευτοι Επενδυτές - www.metatrading.gr
	Quarterly Review on Greek Equities and Economy by "VRS"
	Ιούνιος 2006, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.

	"Investment Research & Analysis Journal" by "Valuation & Research Specialists" ("VRS") 1st Issue
	Druckfarben Valuation Report by "VRS", June 2006.
	Μάιος 2006, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	FHL Kiriakidis Valuation Report by "VRS", May 2006. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Piraeus Bank Valuation Report by "VRS", May 2006. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	IRAJ View on Valuing Options, May 2006.
	Απρίλιος 2006, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Emporiki Bank Valuation Report by "VRS", April 2006. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Minoan Lines Company Profile, April 2006.
	Alumil Valuation Report, Update, April 2006.
	Μάρτιος 2006, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Nirefs Technical Analysis - www.metatrading.gr
	Nirefs Valuation Report by "VRS", March 2006. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	"Greece - Country Governance Study" by "STANDARD & POOR'S, Governance Services"
	Φεβρουάριος 2006, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	IRAJ View on Inside Information, February 2006.
	Ιανουάριος 2006, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Elinoil Equity Research Update, January 2006, English Language.
	Elinoil Equity Research Update, January 2006, Greek Language.
	BVIC (Babis Vovos) Valuation Report by "VRS", January 2006. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Alumil Equity Research Update, January 2006.
	IRAJ View on Corporate Governance Scores, February 2006.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - Ιανουάριος 2006.
	Δεκέμβριος 2005, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.

Sarantis Valuation Report by "VRS", January 2006.

[ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

	Unisystems Equity Research Update, December 2005.
	Special Report December 2005 [ www.metatrading.gr ]
	IRAJ View on Greek Banks Conference Calls, December 2005.

[ Σάββατο 3 Δεκεμβρίου 2005, Δημοσίευση στην εφημερίδα "Η ΚΑΘΗΜΕΡΙΝΗ" ]

	Νοέμβριος 2005, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Alpha Bank, Notes from Conference Call on 9M 2005 Results.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - Νοέμβριος 2005.
	National Bank, Notes from Conference Call on 9M 2005 Results.
	Accounting Diversity and the Implied Cost of Capital in Europe [ presented on IRAJ in November 2005 ]
	FG Europe Update by "VRS" [ "Valuation & Research Specialists" ].
	EFG Eurobank, Notes from Conference Call on 9M 2005 Results.
	Οκτώβριος 2005, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	NBG Flash Alert, 1st Half 2005 Results. [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Η Αρχική και η Μακροχρόνια Απόδοση των Δημόσιων Εγγραφών στην Ελλάδα.
	Σεπτέμβριος 2005, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Greek Banking Sector Presentation [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	National Bank of Greece Valuation Report [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Alpha Bank Valuation Report [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

Αναλύσεις Αγορών Χρεογράφων από την Ιστοσελίδα www.metatrading.gr

Διαδικασίες Κορύφωσης Μετοχών, Αύγουστος 2005.

Patterns & Σενάρια - Ράλι & Αυταπάτες, Μέρος Γ', Αύγουστος 2005.

Patterns & Σενάρια - Ράλι & Αυταπάτες, Μέρος Β', Απρίλιος 2005.

Patterns & Σενάρια - Ράλι & Αυταπάτες, Μέρος Α', Νοέμβριος 2004.

Η Πορεία των Οικονομικών Μεγεθών των Μεγάλων Εμπορικών Τραπεζών.

[ Δημοσίευση στην εφημερίδα "Η ΚΑΘΗΜΕΡΙΝΗ" ]

	Τα Στατιστικά Στοιχεία των Εταιριών Επενδύσεων 31 / 08 / 2005.
	Αύγουστος 2005, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Αποτιμήσεις Διεθνών Αγορών Μετοχών, Αύγουστος 2005.
	Ιούλιος 2005, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Μέθοδοι Συγχώνευσης & Καθορισμός Σχέσης Ανταλλαγής.
	Monthly Oil Report, July 2005.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - Ιούλιος 2005.
	Ιούνιος 2005, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Μέθοδοι Ενοποίησης Λογιστικών Καταστάσεων & Εταιριών.
	Ο Κλάδος των Ιαματικών Λουτρών στην Ελλάδα.
	Μάιος 2005, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Απρίλιος 2005, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Monthly Oil Report, April 2005.
	Neochimiki Flash Alert.
	Elinoil Valuation Report by "VRS" [ "Valuation & Research Specialists" ].
	Μηνιαία Έκθεση Διεθνούς Αγοράς Βάμβακος - Απρίλιος 2005.
	Η Ανερχόμενη Αγορά του Yachting στην Ελλάδα.
	Μάρτιος 2005, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Τα Στατιστικά Στοιχεία των Δημόσιων Εγγραφών το 2004.
	Μία Εικόνα, Χίλιες Λέξεις [ www.metatrading.gr ]
	Μηνιαία Έκθεση Διεθνούς Αγοράς Βάμβακος - Μάρτιος 2005.
	Φεβρουάριος 2005, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Ο Συντελεστής "Beta" μιας Μετοχής.
	Ιανουάριος 2005, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Alumil Equity Research Update, February 2005.
	Ειδική Έρευνα - "Financial Reporting" Ελληνικών Εισηγμένων Εταιριών.

[ Δημοσίευση στην εφημερίδα "Η ΚΑΘΗΜΕΡΙΝΗ" ]

	Εταιρικά Ομόλογα - Η Εμπειρία από την Ελληνική Κεφαλαιαγορά.
	Τεχνική Ανάλυση Μετοχών "Αλουμύλ" και "Επιχειρήσεις Αττικής" [ www.metatrading.gr ]
	Unisystems Equity Research Update, January 2005.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α. - Ιανουάριος 2005.
	Τεχνική Ανάλυση Χρηματιστηριακού Δείκτη FTSE / ASE - 20, Ιανουάριος 2005.
	Τεχνική Ανάλυση Χρηματιστηριακού Δείκτη Dow Jones, Ιανουάριος 2005.
	Τεχνική Ανάλυση Χρηματιστηριακού Δείκτη FTSE 100, Ιανουάριος 2005.
	Nasdaq Composite: Technical Note, Ιανουάριος 2005 [ www.metatrading.gr ]
	Κρίσιμα Σημεία στην Ανάλυση των Λογιστικών Καταστάσεων.
	Η Ενδυνάμωση της Διοίκησης ως Αποτέλεσμα της Εταιρικής Διακυβέρνησης.
	Μέθοδοι Αποτίμησης Εταιριών Ακίνητης Περιουσίας - Μέρος Β'.
	Δεκέμβριος 2004, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Τα Στατιστικά Στοιχεία των Εταιριών Επενδύσεων 31 / 12 / 2004.
	Monthly Oil Report - 27 / 12 / 2004.
	Μετοχές Η.Π.Α. σε Όρους Ευρώ: Ποιο Ράλι; Δεκέμβριος 2004 [ www.metatrading.gr ]
	Neochimiki Flash Alert, 9 Month 2004 Results.
	Μέτκα - Εταιρική Παρουσίαση.
	Μυτιληναίος - Εταιρική Παρουσίαση.
	Νοέμβριος 2004, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	MLS Valuation Report by "VRS" [ "Valuation & Research Specialists" ] (24/11/2004). [ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]
	Monthly Oil Report - 15 / 11 / 2004.
	Οκτώβριος 2004, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Κυριακούλης - Εταιρική Παρουσίαση.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α.Α..
	Τεχνική Ανάλυση Χρηματιστηριακού Δείκτη FTSE / ASE - 20.
	A Whole Brand New World.
	Η Επίδραση του "Brand Name" στη Διαδικασία Αποτίμησης των Εισηγμένων Εταιριών.
	Σεπτέμβριος 2004, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Neochimiki Flash Alert, 1st Half 2004 Results.
	Τα Δικαιώματα Προτίμησης για τις Εισηγμένες Επιχειρήσεις.
	Monthly Oil Report - 01 / 10 / 2004.
	Αποτιμήσεις Διεθνών Αγορών Μετοχών, Σεπτέμβριος 2004.
	Inform Lykos Valuation Report by "VRS" [ "Valuation & Research Specialists" ] (8/9/2004).

[ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

	FG Europe Valuation Report by "VRS" [ "Valuation & Research Specialists" ].
	Αύγουστος 2004, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Informer - Εταιρική Παρουσίαση.
	Ιούλιος 2004, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Frigoglass Valuation Report by "VRS" [ "Valuation & Research Specialists" ] (2/8/2004).

[ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

	Αποτιμήσεις Διεθνών Αγορών Μετοχών, Ιούλιος 2004.
	Unisystems Equity Research Update, July 2004.
	Global Trends 2004 by Metatrading [ www.metatrading.gr ]
	Ιούνιος 2004, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Η Κάλυψη των Εισηγμένων Εταιριών από Aναλυτές στην Ελλάδα.
	Zenon Valuation Report by "VRS" [ "Valuation & Research Specialists" ].
	Monthly Oil Report - 22 / 06 / 2004.
	Euroconsultants Valuation Report by "VRS" [ "Valuation & Research Specialists" ] (16/6/2004).

[ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

	Μάιος 2004, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Neochimiki Valuation Report by "VRS" [ "Valuation & Research Specialists" ].
	Monthly Oil Report - May 2004.
	Αποτιμήσεις Διεθνών Αγορών Μετοχών, Μάιος 2004.
	Ελληνική Αγορά Μετοχών - Σκηνικό "Επιφυλακτικής" Αισιοδοξίας.
	Profile Valuation Report by "VRS" [ "Valuation & Research Specialists" ] (4/5/2004).

[ "Η ανωτέρω ανάλυση είναι διαθέσιμη μέσω της συνδρομητικής ιστοσελίδας www.valueinvest.gr ." ]

	Απρίλιος 2004, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Τα Στατιστικά Στοιχεία των Εταιριών Επενδύσεων 30 / 04 / 2004.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α.Α..
	Τεχνική Ανάλυση Χρηματιστηριακού Δείκτη FTSE / ASE - 20.
	Τεχνική Ανάλυση Χρηματιστηριακού Δείκτη Dow Jones.
	Τεχνική Ανάλυση Χρηματιστηριακού Δείκτη FTSE.
	Τεχνική Ανάλυση Χρηματιστηριακού Δείκτη DAX.
	Τεχνική Ανάλυση Ισοτιμίας Ευρώ / Δολαρίου Η.Π.Α..
	Ασφαλιστικό Σύστημα: Ανταποδοτικό ή Κεφαλαιοποιητικό;
	Αποτίμηση Εταιριών - Μύθοι & Αλήθειες.
	Κοινωνική Ασφάλιση & Επαγγελματικά Ταμεία Επικουρικής Ασφάλισης.
	Αποτελεσματική & Δημιουργική Διαφήμιση - Οικονομικές Προεκτάσεις.
	Η Αναγκαιότητα Ανάπτυξης Εναλλακτικών Πυλώνων Κοινωνικής Ασφάλισης.
	Μέθοδοι & Πρακτικές Αποτίμησης των Εταιριών Ακίνητης Περιουσίας.
	Monthly Oil Report - 07 / 04 / 2004.
	Η Κινητή Διαφήμιση & οι Εφαρμογές της στις Σύγχρονες Επιχειρήσεις.
	Οι Σύγχρονες Τάσεις στην Κοινωνική Ασφάλιση & η Σημασία της Εκπαίδευσης.
	Αποτιμήσεις Διεθνών Αγορών Μετοχών, Απρίλιος 2004.
	Μάρτιος 2004, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Τα Στατιστικά Στοιχεία των Εταιριών Επενδύσεων 31 / 03 / 2004.
	Kleemann - Δελτίο Θεμελιώδους Ανάλυσης.
	Τα Στατιστικά Στοιχεία των Δημόσιων Εγγραφών το 2003.
	Monthly Oil Report - 08 / 03 / 2004.
	Ανάλυση & Αποτίμηση Τραπεζικών Μετοχών - Βασικά Μοντέλα Πρόβλεψης.
	Φεβρουάριος 2004, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Longitudinal Dataset & Regression Analysis Model [ Excel File ]
	Ιντραμέτ, Φεβρουάριος 2004.
	Ελινόιλ, Φεβρουάριος 2004.
	B.V.I.C. (Babis Vovos International Construction) Valuation Report by "VRS".
	Νεοχημική Λαυρεντιάδης - Δελτίο Θεμελιώδους Ανάλυσης.
	Ελληνικός Κλάδος Πληροφορικής - Ανασκόπηση, Προοπτικές & Τάσεις.
	Η Συμβολή της Διαφήμισης στην Ανάπτυξη του "Πάμε Στοίχημα".
	Η Ερμηνεία του Δείκτη "P/BV" στην Ελληνική Κεφαλαιαγορά.
	Ιανουάριος 2004, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Alumil Valuation Report by "VRS" [ "Valuation & Research Specialists" ].
	Ίλυδα Συστήματα Πληροφορικής, Ιανουάριος 2004.
	Αποτιμήσεις Διεθνών Αγορών Μετοχών, Ιανουάριος 2004.
	Ι. Κλουκίνας - Ι. Λάππας, Ιανουάριος 2004.
	Τεχνική Ανάλυση Γενικού Δείκτη Χ.Α.Α..
	Τεχνική Ανάλυση Χρηματιστηριακού Δείκτη Dow Jones.
	Τεχνική Ανάλυση Χρηματιστηριακού Δείκτη FTSE.
	Τεχνική Ανάλυση Χρηματιστηριακού Δείκτη DAX.
	Monthly Oil Report - 20 / 01 / 2004.
	Lavipharm Valuation Report by "VRS" [ "Valuation & Research Specialists" ]
	Δεκέμβριος 2003, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Bi-Weekly Oil Report - 24 / 12 / 2003.
	Η Έκθεση ("Reporting") Στοιχείων από τις Εισηγμένες Εταιρίες στο Χ.Α.Α..
	Revoil, Δεκέμβριος 2003.
	Bi-Weekly Oil Report - 04 / 12 / 2003.
	Germanos Valuation Report by "VRS" [ "Valuation & Research Specialists" ]
	Νοέμβριος 2003, Μηνιαία Ανασκόπηση Αγορών Εμπορευμάτων.
	Τεχνική Ανάλυση EUR / USD.
	Τεχνική Ανάλυση USD / JPY.
	Το "Μανιφέστο" της Έρευνας & Ανάλυσης.
	Αποτιμήσεις Διεθνών Αγορών Μετοχών, Νοέμβριος 2003.
	Τεχνική Ανάλυση Μετοχής Alpha Bank, Νοέμβριος 2003.
	Τεχνική Ανάλυση Μετοχής Εθνικής Τράπεζας, Νοέμβριος 2003.
	Bi-Weekly Oil Report - 21 / 11 / 2003.
	Bi-Weekly Oil Report - 06 / 11 / 2003.

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Μπορείτε να στείλετε e-mail στο info@iraj.gr για ερωτήσεις ή σχόλια σχετικά με την ιστοσελίδα.
Copyright © 2001 - 2023 Investment Research & Analysis Journal
Τελευταία Ενημέρωση: 30/12/22