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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Intl Power | IPR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 417.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 417.50 |
| Top Posts |
|---|
Posted at 07/4/2012 07:15 by waldron Elsewhere International Power, up 5.3p to 407.5p, was in demand on hopes that France's GDF Suez would have to increase its 390p a share offer for the 30% of the company it does not already own.GDF's bid was rejected by International Power's independent directors and despite the French company suggesting one of its options was to walk away, investors are betting on a higher bid. UBS said: "We believe that there will be an agreement, but that the deal value is unlikely to exceed our 420p price target." |
Posted at 29/3/2012 13:25 by waldron GDF Suez Makes Non-binding Offer For Rest Of International Power Share this article PrintAlert Gdf Suez (EU:GSZ) Intraday Stock Chart Today : Thursday 29 March 2012 French power operator GDF Suez SA (GSZ.FR) Thursday confirmed that it made a non-binding indicative proposal to buy the shares in U.K.-based International Power PLC (IPR.LN) it doesn't own yet at 390 pence each, insisting such a transaction would provide "significant benefits to both businesses." The group "strongly believes that the indicative proposal offers attractive terms to International Power shareholders" and that a merger would simplify GDF Suez's structure and improve the further integration between the businesses. The move is supported by the two largest shareholders of GDF Suez, the French state, which owns 36%, and the Belgian investor Albert Frere's holding Groupe Albert Frere, which owns 5.2%. Earlier Thursday, International Power said that it had received such a proposal. GDF Suez is now required, by no later than 1600 GMT on April 26, to either announce a firm intention to make an offer for International Power or announce that it doesn't intend to make an offer. The news sent the group's share price down--at 1141 GMT, share in GDF Suez were trading down 1.8% to EUR19.09 while the CAC-40 benchmark index was down 1%. Would the transaction proposed be completed, GDF Suez would remain committed to maintain its A credit rating and would also consider increasing its asset disposal plan, it said. The group has planned to dispose of EUR10 billion worth of assets between 2011 and 2013. Earlier this year it said that in 2011, it sold two thirds of the assets sales that were planned over the period. In February last year, GDF Suez finalized the combination of its international operations outside of Europe and some assets in the U.K. and Turkey with International Power, creating the world's largest private power generation group. - By Geraldine Amiel, Dow Jones Newswires; +33 1 40171767; geraldine.amiel@dowj |
Posted at 08/2/2012 09:43 by optomistic wipo,Presentation on website paints a better picture than the share price action, as to buying now, I'm well invested in IPR or perhaps I may have been tempted this morning. |
Posted at 12/11/2011 14:11 by grupo guitarlumber source: the independentInternational Power was on a firm footing last night as investors moved in on the prospect of gains following the power generator's investments in Latin America, the Middle East and other fast-growing energy markets which have keep it ahead of less nimble European rivals. Collins Stewart said the main European power generators were facing threats from political interference and from the fact that "EU power plants are nearing the end of their natural life cycles, given that the last major investment boom in much of the EU" was in the 1970s and 1980s. These challenges are leading to uncertainty and higher investment needs "just as the investment climate is deteriorating". International Power, however, has "limited exposure to the EU woes", it said. "It has exposure to fast growing energy markets in North America, Latin America and META [Middle East, Turkey and Africa], where it enjoys a significant market presence," Collins Stewart analyst Harold Hutchinson explained, helping the stock firm up by 6.4p to 338.5p. He also pointed out that the company's relationship with GDF Suez, which is the biggest shareholder following a deal earlier this year, meant that it was backed by a strong balance sheet. "The influence of GDF Suez helps support an investment grade rating for International Power," Mr Hutchinson added. |
Posted at 27/4/2011 15:15 by shauney2 From BarclaysEquities Daily Todays focus: International Power Reiterate Accumulate We recently upgraded our recommendation on the Utilities sector, in the light of stronger power prices, sustained yields, and political risk better reflected in valuations. In the UK, our favourite name remains International Power. After a strong run last year, the shares paused for breath over the past couple of months. But we believe the upcoming Interim Management Statement tomorrow will refocus investors on the group's ongoing projects and superior growth prospects. The company targets to add to its existing 66,000MW fleet another 22,000MW by 2013, while maintaining a good balance in terms of fuel (gas, oil, coal, renewable). Financing should also be easier post combination with GDF Suez, with the group's credit rating now lifted to investment grade. A well diversified presence in the UK, America, Middle East and Australia should give the group the opportunity to benefit from the recovery of global power prices. The part of the output sold via contracts should limit downside risk. With the new entity, management is forecasting financing synergies of £61million, and operating synergies of around £104 million, which should support earnings growth rates towards the top end of the European utility sector. As project execution unfolds and synergies are realised, we see further upside to the current IPR share price, and our fair value for the stock is 400p. |
Posted at 26/1/2011 17:40 by optomistic Statement re CombinationRNS Number : 0972A International Power PLC 26 January 2011 COMBINATION OF INTERNATIONAL POWER AND GDF SUEZ ENERGY INTERNATIONAL - CLEARANCE FROM THE EUROPEAN COMMISSION Further to the announcements on 10 August and 13 October 2010 regarding the proposed combination of International Power (the "Company") and GDF SUEZ's Energy International Business Areas (outside Europe) and certain assets in the UK and Turkey ("GDF SUEZ Energy International") to form an enlarged International Power (the "Combination"), the Board of International Power is pleased to announce that anti-trust clearance for the Combination was received from the European Commission today. As part of achieving the clearance from the European Commission it has been agreed to divest the Company's interest in the 420MW T-Power CCGT project in Belgium during 2011. Closing of the Combination remains conditional upon, amongst other things, admission to listing on the Official List of the UKLA and to trading on the London Stock Exchange's main market for listed securities of the new International Power ordinary shares to be issued to subsidiaries of GDF SUEZ (the "New Ordinary Shares") and the re-admission of the Existing Ordinary Shares ("Admission"). Admission is expected to occur at 8 a.m. on 3 February 2011 with Closing occurring shortly thereafter on the same day. Subject to Closing occurring on 3 February 2011, it is anticipated that the Special Dividend of 92 pence per ordinary share will be paid on 25 February 2011 to shareholders (excluding holders of New Ordinary Shares) on the Company's share register on 11 February 2011 (the record date). On this basis it is expected that the Existing Ordinary Shares will trade ex-dividend from 9 February 2011. A further announcement to confirm the timing for the payment of the Special Dividend will be made at Closing. Terms used in this announcement have the same meaning as those defined in the circular sent to the Company's shareholders on 19 November 2010. Enquiries International Power Investor Relations contact: Aarti Singhal Tel: +44 (0) 20 7320 8681 E-mail: ipr.relations@ipplc. Press contact: Rollo Head / Sally Hogan, Finsbury Tel: +44 (0) 20 7251 3801 E-mail: internationalpower@f GDF SUEZ Press contact: Tel France: +33 (0)1 44 22 24 35 / Tel Belgium: +32 2 510 76 70 E-mail: gdfsuezpress@gdfsuez Investor Relations contact: Tel: +33 (0)1 44 22 66 29 E-mail: ir@gdfsuez.com |
Posted at 23/12/2010 15:40 by jacks13 luminoso - 1012You could be right. With GDF holding 70% of the new company they will have the deciding vote for or against all proposals regarding dividends, board appointments etc. They will have a very firm grip on the company's prospects and performance. GDF will have a simple task of acquiring the remaining 30% of the shares in the enlarged company without materially affecting the prevailing share price. The quiet off-market accumulational of 15% or so of the shares at a modest premium to the prevailing market price will be enough to allow them to de-list the company and the remaining shareholders will have either to choose to stick with the 'private' company or take what they're offered. If GDF get to a holding of 90% they can force remaining shareholders to sell anyway. With GDF's impregnable grip on the company no counter-bid can be tabled. Given this situation I don't see the market getting too excited about the company's prospects so in my view there won't be huge share price growth regardless of performance. GDF can ensure that dividend policy is kept conservative (I don't expect any improvement on the current 40% payout ratio), so that any improvement in earnings will serve to strengthen 'their' balance sheet. In the absence of share price growth the only attraction of the share will be for income funds and those private investors who want the bond-like characteristics that it will offer. Risk of capital loss should be small, likewise though capital appreciation will also be modest. The share should yield 4% or 5% over the next couple of years and there should be a modest take-out premium of 10% or 15% in due course. Those are my thoughts and they may prove wide of the mark but with them in mind I've yet to decide whether to stay in, get out or reinvest the special dividend. If the share price were to get anywhere near 500p cum-dividend I'd sell, but your figure of 450p is probably more realistic and at that level I'm prepared to await developments. |
Posted at 16/12/2010 14:12 by jhe Hope so, not a lot to go on other than I am expecting more investors to want a piece of the 92p the closer we get to it going ex-div. That's my plan for exit also. |
Posted at 06/11/2010 11:27 by jeddicat Morning All -I have to admit that I find this all very confusing, and of course the 92p Divi seems to be at the root of it. I bought in about the time of the announcement on c10th Sept 10. Since then it has steadily risen to c427p a couple of days ago, this is when the daily rise went up by c10p. At this time I was c£1000.- in profit, (£274.- up on the day). So often, as with BP & Tullow in recent months, I have watched great rises and done nothing about it, only watch the share price go back down until I was way into the RED, £1,500.- at one time. As a pretty novice investor, mid term not long term, I realised that I had to sell occasionally, and buy back on the dip, as it were. Well, after much thought about it on Thurs last, and having rang the Investor Relations department, and getting nowhere, I decided to Sell. I took the £1,000.- profit, I shall now wait and buy back in shortly between now and the announcement. I would just like to add that I do not feel that this thread is used enough, we have this facility to air our views, and ask pertinent questions, share ideas etc, but it is not used much, which I think is a waste of a resourse. Regards to all, David |
Posted at 25/11/2009 08:45 by hursheel Coal power lobby mines new lows in late compo scrambleby Bernard Keane It may have garnered coverage in friendly media but the latest instalment of the campaign by foreign multinationals to receive billions of dollars in extra handouts under the CPRS is a debacle. TRUenergy, owned by Chinese conglomerate CLP, and International Power, owned by British multinational International Power PLC, ramped up their rhetoric yesterday in a desperate attempt to scam further compensation from taxpayers under the CPRS for their coal-fired power generation assets, especially Yallourn and Hazelwood in Victoria. Both companies want a tripling of compensation under the CPRS to $10 billion over the next five years. The problem is it is too late: the best deal the government is going to offer on compensation for generators has already been finalised, or close to it, as the negotiations between Ian Macfarlane and Penny Wong come to a conclusion today. They won't get an extra $6 billion-$7 billion, at least not over the next five years, but they are likely to get some extra compensation, possibly tied to investment in renewables or gas-fired power, which both are investing in anyway. The time to campaign for all those extra billions was a fortnight ago, chaps. Tomorrow's full-page ads - pr The extra $6 billion-$7 billion demanded by the companies looked like an ambit claim, until TRUenergy suggested that if it failed to materialise there may be supply disruptions. TRUenergy's CEO, Richard McIndoe, was at it again yesterday, claiming that the CPRS will cause "serious financial impairment of the assets of private investors, resulting in increased price risk for households and businesses as generators are forced to sell on the volatile spot market rather than through long-term contracts; reduced reliability of supply as power stations with shortened lives reduce maintenance expenditure; and failure to invest in new and replacement plant due to perceptions of sovereign risk" and would breach Australia's bilateral investment treaty with Hong Kong. International Power's Tony Concannon trumped that, threatening to "walk away, simply exit the Australian market, hand Hazelwood to an administrator or try to recover some residual value from its asset by selling on to the spot market" -̴ Hazelwood is less than half of International Power's assets in Australia, so "simply exiting the Australian market", which according to International Power's parent company in Britain has offered a "significant improvement in results across the portfolio" would involve a fire sale of Loy Yang B and gas-fired plants in South Australia and WA. And while Hazelwood is an ancient, filthy plant that should have closed years ago and is likely to close in the next five years anyway, International Power PLC itself said in a presentation to investors this month that Hazelwood was "30% forward contracted for 2010". So if International Power "simply exited the Australian market" it would, by its own admission, breach several substantial contracts. It would also, necessarily, turn its back on the emerging markets of NSW and Queensland, which are privatising some or all of their power assets. International Power also owns one of the country's biggest energy retailers, Simply Energy, with more than 400,000 retail customers. Simply Energy would have to shut down as well. Both companies have again been caught out failing to advise investors of what they claim are near-existential threats to their Australian businesses. Neither company had disclosed to investors the issues they are publicly raising today. Crikey asked both companies early this morning why they had not told investors of their concerns. International Power said it "has highlighted the difficulties of the CPRS in a number of investor forums and management statements. We will further update shareholders when the exact design of the CPRS is known." CLP had not replied by deadline. International Power appears to have been especially remiss in failing to tell investors either that it may have to abandon its Australian operations, face compensation claims for breaching contracts, and withdraw from competition for NSW and Queensland energy assets, or that its Australian CEO was incorrect to cast doubt on the company's continued Australian operation. In truth, of course, this is a badly timed, blatant scare campaign undone in one case by the company's own statements from a fortnight ago and in both cases by the fact that neither business is concerned enough to warn its investors. In a policy process marked by the extent and undisguised nature of special pleading and rent-seeking, TRUenergy and International Power have managed to reach new lows. |
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