Energiser Investments Share Discussion Threads

[glennborthwick] 08/1/2017 18:08

looking at this we probably have 20 houses at 160 000 each = 3.2 million plus 750k imminent so nearly 4 million in solid assets plus placing cash

[glennborthwick] 08/1/2017 18:05

anyone know the postcode of the houses in Wellingborough

[la forge] 06/1/2017 17:42

0
06/01/2017 | 16:29

Paris - French energy company Engie has denied Friday that it intends to regain control of the specialist in water and waste management Suez, of which it holds about a third of the capital, through the voice of its general manager Isabelle Kocher .

"We have no plans on Suez," insured Isabelle Kocher during his vows to the press, denying recurring speculation about a rapprochement between the two groups.

In December, BFM Business said, in particular, that during the summer of 2016, Mrs Kocher spoke with the main candidates from the right and center primary school to submit their idea of ​​creating a giant of energy services around Electricity, gas and water.

Suez Environnement (now Suez) was separated from Engie (formerly GDF Suez) in 2008 during the merger of GDF and Suez, but Engie retained control of it until 2013 and the break- Shareholders of the company.

"It is not our priority today to settle this issue, because the priority today is to unfold the industrial project" of Engie, insisted Friday the leader.

"We can really stay as we are. It is a beautiful company where the dialogues are very close, cooperation exists," she continued on Suez. And if one day Engie was planning to open up to new trades, "this is a question that is much broader than Suez."

Faced with the gloom of the European energy sector, the gas and electricity supplier launched a three-year transformation plan in 2016 with the ambition of becoming the leader in the energy transition, with a focus on Energy services and activities at regulated or contractually guaranteed prices.

"We are ahead of all the dimensions of the plan," said Isabelle Kocher, pointing out that Engie had already realized more than half of its plan of disposals of 15 billion euros, with good valuations.

It also said that its group had already sold or shut down 9 gigawatts of coal-fired power generation capacity out of a total of 15 GW.

However, Mrs Kocher said she would work in 2017 to better "make understand" the new strategy of Engie, mishandled on the Stock Exchange last year.

"We are in the first part of the implementation of this plan, it is the most ungrateful part, it is the most difficult part, because it is the part in which we see the effect of what Sell ​​", without yet seeing that of the reinvestments, she maintained.

In addition, Engie is studying the economic feasibility of its nuclear projects in the United Kingdom and Turkey and is willing to invest if conditions, particularly in terms of prices, are satisfactory.

[ariane] 06/1/2017 07:40

EU probe: Luxembourg may have given Engie millions in tax benefits
Business
Europe
Thu, 05/01/2017 - 19:07
Author:
DPA

An investigation by the European Commission has shown that Luxembourg may have given French energy giant Engie tax breaks in a scheme that gave the company an illegal competitive advantage.

The probe into Luxembourg's handling of Engie, previously known as GDF Suez, has shown the company to have benefited by as much as 300 million euros (318 million dollars), according to an investigation paper released Thursday.

The European Union's executive launched the probe in September to determine whether tax benefits granted in Luxembourg to Engie may have constituted an illegal competitive advantage.

The commission found that financial transactions between Engie's Luxembourg subsidiaries were treated as both debt and equity, in effect allowing "a significant proportion" of its profits not to be taxed.

Since 2008, the company has used the scheme to avoid paying taxes on about 1 billion dollars.

The figures at this point are still estimates, and the probe isn't expected to wrap up for several more months.

If the scheme is found to have violated the EU's strict competition laws, the commission could order Luxembourg to recoup the tax advantages from the French company.

The case contains a political element as well, since the commission's current president, Jean-Claude Juncker, has also previously been Luxembourg's prime minister and finance minister.

Taxation is usually a national issue in the 28-country EU, but the commission has started intervening because it believes the tax arrangements constitute state aid, an area it regulates.

[grupo] 03/1/2017 18:58

Engie Sees “Free Energy” & $10 Per Barrel Oil Prices By 2025

January 3rd, 2017 by Steve Hanley

Originally published on Gas2.

“The promise of quasi-infinite and free energy is here,” says Thierry Lepercq, head of research, technology and innovation for Engie SA. He thinks the cost of solar power will drop below $10 a megawatt-hour ($0.01 per kWh) before 2025 in the world’s sunniest places. Engie recently conducted a “very deep modeling” of the Provence-Alpes-Cote d’Azur region of France, which has about 5 million inhabitants. The study showed those regions could run entirely on renewable energy for about 20% less than the price of electricity today.

Lepercq also predicts that oil will drop to around $10 a barrel by 2025. “Even if oil demand continues to climb until 2025, its price could drop to $10 if markets anticipate a significant fall in demand,” Lepercq said at his office near Paris. “Solar, battery storage, electrical and hydrogen vehicles, and connected devices are in a ‘J’ curve,” he said. “Hydrogen is the missing link in a 100 percent renewable energy system, but technological bricks already exist.”

A big supporter of hydrogen power, Lepercq thinks hydrogen may be as cheap as liquefied natural gas in less than 10 years. “We’ll have the possibility to transport energy (liquid hydrogen) that’s produced very cheaply in remote places,” Lepercq said. He is encouraged by the construction of the first liquefied hydrogen carrier by Kawasaki Heavy Industries Ltd. as part of a Japanese plan to import hydrogen from Australia and believes “hundreds̶1; more will be launched in the coming decade.

Engie was once the natural gas monopoly holder in France. Over the past decade, it has invested in renewables while it selling off coal fired plants and exploration assets to shield itself from commodity price swings. It is now the world’s largest non-state owned power producer with operations around the globe. In September, Engie bought a stake in Heliatek, a German start-up developing photovoltaic films that can be applied to the exterior of buildings. It also acquired an interest in Symbio FCell, a French manufacturer of fuel cells that convert hydrogen into electricity to run vehicles.

The company plans to spend more than $1.5 billion by 2018 on technologies including grid-scale battery storage, hydrogen output, “mini-grids221; that serve small clusters of homes, and smart buildings that link up heating, lighting and IT systems to save energy and cut costs. “In the months to come, we expect to announce the first major steps of projects, investments, partnerships and potential acquisitions” in these areas, said Lepercq, a former banker and entrepreneur. In 2006, he co-founded Solairedirect, a solar developer that was bought by Engie in 2015. “We’re talking about technology platforms in which massive value can be created from comparatively small investment.”

For decades, futurists have been predicting a time when electricity would be “too cheap to meter.” If Lepercq is correct, that time is less than 10 to 15 years away.

Source: Bloomberg

[the grumpy old men] 28/12/2016 16:20

28/12/2016 | 10:47

2016 difficult financial year for Engie which accused Wednesday 28 December one of the largest annual cuts of the CAC 40 (-25.9%). The energy company, which reached last November its lowest level since its birth in July 2008 to 11.22 euros, saw its results quarter after quarter penalized by the fall in energy prices. In the first nine months of the year, Engie Ebitda fell by 5.4% on a reported basis and by 2% at constant scope and exchange rates to € 7.7 billion.

Revenues decreased by 11.1% on a reported basis and by 10.5% at constant scope and exchange rates to € 47.5 billion.

Against this difficult backdrop, Engie expects a full EBITDA for the full year 2016 at the lower end of the range of € 10.8 billion to € 11.4 billion (excluding the significant impact of disposals) and a recurring net income Of the group at the low end of the range of 2.4-2.7 billion.

In addition, the group will include in its accounts 1.8 billion euros of additional nuclear provisions for the decommissioning and management of the downstream fuel cycle of its plants in Belgium.

Finally, investors are wondering about the will of the CEO, Isabelle Kocher, to regain control of Suez, world number two environmental services (water, waste). Moving from 33.6% to 100% of Suez would cost Engie approximately 5.3 billion euros, not including the control premium.

This combination would allow the group to rely on Suez's commercial contacts with municipalities to offer them energy efficiency services.

The stakes are high. At the beginning of the year, the group unveiled a major transformation plan. The new Engie will focus on low-carbon energies, in which the group includes gas, energy services and regulated prices, which are less risky than those exposed to market prices.
While analysts have welcomed the plan to redeploy the activities of the former GDF-Suez, they fear that its execution will take time. In this context, investors prefer to stay away from a group that operates in an environment that is too weak.

AOF

A GOOGLE TRANSLATION

[waldron] 21/12/2016 09:43

21/12/2016 | 09:41
Bryan Garnier reiterated his "buy" recommendation and its "fair value" of € 14.8 on Engie, citing rumors that the energy group could consider buying Suez, where it owns 33.7% of capital.

If it considers such an operation 'unlikely in the short term, insofar as the two groups are deeply involved in their restructuring programs until 2018', the broker has attempted to model its potential implications.

'While the net debt to EBITDA ratio would rise significantly, we believe that a buyback would be accretive to Engie's EPS, on the assumption that no capital increase would be launched to finance it,' says Bryan Garnier.

According to the financial intermediary, the 'ideal' scheme (acquisition and disposal of the waste business) would imply, however, an increased exposure to water activity in France, whose fundamentals do not seem well oriented.

[waldron] 20/12/2016 14:25

Doosan, Engie win $900m Saudi gas plant contract
RIYADH, 1 hours, 11 minutes ago

Korea’s leading power solutions company Doosan Heavy Industries & Construction said it has jointly signed a $900-million contract with global energy supplier Engie for the construction of a combined cycle power plant (cogeneration plant) at the Fadhili gas plant, located 85km northwest of Jubail Industrial port in Saudi Arabia’s eastern province.

An eco-friendly unit, the Fadhili Combined Heat and Power Plant will be jointly owned by a Saudi Aramco affiliate (30 per cent), Saudi Electricity Company (30 per cent) and an Engie affiliate (40 per cent).

As per the deal, Doosan will be in charge of the engineering, procurement, construction (EPC) work and commissioning of the cogeneration facility within the Fadhili gas plant.

A key milestone of the kingdom’s master gas system, the SR50 billion ($13.3 billion) project is the nation’s initiative to meet the growing energy needs by shifting from oil to gas for power generation.

Scheduled for completion by November 2019, the 1,509MW combined heat and power plant will supply 400MW of electricity and steam for the Fadhili gas plant itself, while the remaining 1,100 MW will supply electricity to 1.1 million households nationwide.

Commenting on the win, Huntak Kim, the EPC BG chief executive of Doosan Heavy Industries & Construction, said: "We are thrilled to be part of the kingdom’s journey toward greenfield development.

"The cogeneration plant will enhance the overall energy efficiency of the Fadhili gas plant. It will give Doosan an increased advantage to deliver more of its advanced power solutions and services where 40,000 MW of power capacity increase from combined heat and power plants is planned by 2024," stated Kim.

Sebastien Arbola, the chief executive of Engie Middle East, South Central Asia, and Turkey, said the gas plant is one of the key projects being pursued by the kingdom to meet its power demands.

"Engie and Doosan have achieved major projects together in Oman, Qatar and Thailand. We have confidence to lead this project to success," he added.-TradeArabia News Service

[encarter] 20/12/2016 13:38

Yes great news. New stock will still be tightly held so let the games comence.

[the_alchemist] 20/12/2016 12:52

The announcement today looks good for ENGI.
Together with the monies raised by the sales of the Kingswood properties (once the final one is sold!) should significantly increase the Market Cap (ie more than £2,000,000 will come onto the books, and no current debt)
lets see what evolves. The BOD i think have active plans.

[ariane] 17/12/2016 22:48

Utilities | Fri Dec 16, 2016 | 5:37pm EST
Engie Energia Chile secures financing for key power project

Dec 16 Engie Energia Chile said in a note to regulators on Friday that it had secured financing to build an energy transmission line between the nation's two power grids, shaking up the way consumers receive power in the South American nation.

Chile's energy transmission network is currently divided into two unconnected grids - one in the north known as the SING, which relies on electricity generated by coal, gas, and increasingly solar, and one in the populated central-southern region known as the SIC, which draws on significant hydropower resources.

The fragmented nature of the grids has led to significant distortions and inefficiencies in recent times. Much of the nation's solar power, for instance, cannot be transported to metropolitan areas, and hydropower producers have been unable to sell to the nation's energy-starved mines in the north.
PUBLICITÉ
inRead invented by Teads

Engie said that its 50 percent-owned unit Transmisora Electrica del Norte secured a $460 million senior international loan, and another senior local loan for 154 billion Chilean pesos ($228.7 million). Both loans have a 2034 maturity.

Engie added that it also secured a loan for up to 73.5 billion Chilean pesos for the purposes of paying value added tax and that The Prudential Insurance Co of America had agreed to purchase $50 million in fixed-rate instruments with a 2042 maturity.

The transmission line to be built will be roughly 600 km (373 miles) in length and have a capacity of 500 kilovolts, the company said.

Among the banks involved in the project are Japan's SMBC , Bank of Tokyo-Mitsubishi, and Mizuho Bank, as well as local banks Banco de Chile , BCI and Banco Santander-Chile. ($1 = 673.3000 Chilean pesos) (Reporting by Gram Slattery; Editing by Anthony Esposito; Editing by Jonathan Oatis)

[waldron] 15/12/2016 09:48

Publié le 15/12/2016 à 09h45

(Boursier.com) — Oddo élargit son univers de couverture des valeurs du secteur de l'énergie à Voltalia, un "pure player" de la production renouvelable. "Malgré sa taille encore modeste, le groupe maîtrise déjà l'essentiel des leviers de la création de valeur sur son domaine d'activité", souligne le bureau d'études, qui pense que le "temps de la récolte" se rapproche après le déploiement des projets. D'ailleurs, un premier dividende est attendu dès 2017. Oddo recommande d'acheter le titre pour jouer le développement de cet acteur d'un genre nouveau, en visant 10,70 euros, un objectif fondé sur une approche par trois méthodes, qui comprend une décote de liquidité.

Le spécialiste aborde avec une certaine confiance le dossier, car Voltalia a déjà avancé par deux fois son objectif d'atteindre une capacité installée de 1.000 MW. Cela devrait être le cas dès 2019.

[sarkasm] 14/12/2016 15:48

Engie is down 1.6%, penalized by a note from Deutsche Bank which degrades its recommendation to 'buy' to 'retain' with a price target of 24% to 13 euros, in a sectoral note On utilities (collective services).

'The restructuring envisaged by Engie and its exposure to raw materials (gas, ed) should draw the beneficial consensus down in 2017', warns in particular the consulting firm.

Analysts have therefore reduced their earnings per share forecast for the energy group, particularly fearing the dilutive impact of disposals and the consequences of the revaluation of nuclear provisions.

[sarkasm] 14/12/2016 13:04

France's Engie E&P eyes more investments in Egypt's oil sector

Published Wednesday, 14 December 2016 14:57 | Written by Amwal Al Ghad English
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Egyptian Oil Minister Tarek El-Molla met Wednesday with the CEO of France's Engie E&P International, Maria Moræus to discuss available investment opportunities.

Both sides showcased fields of mutual cooperation between Egyptian oil sector and the French company.

El-Molla stated that the Egyptian-French partnership in oil and gas field witnesses a continuous growth as pursuant to the distinguishable joint ties between two states.

During the meeting, both sides discussed Engie's opportunities to boost its investments in oil and gas exploration field in different areas over Egypt, the minister clarified.

El-Molla reviewed major axes of Egypt's economic reform programme as well as the important projects which are being implemented during the current period to accelerate developing large gas discoveries in the Mediterranean Sea.

On her side, Moræus noted that the meeting discussed Engie's keenness on expanding its business in gas and oil exploration fields in a number of its concessions areas in Egypt.

Egypt's success in making large gas discoveries within the last period encourages Engie to inject more investments into the Egyptian market, the CEO added.

[grupo guitarlumber] 13/12/2016 09:55

Engie: Bryan Garnier lowers his target.
Financial Group
Cercle Finance - 3 hours ago

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ACT.
ENGIE SA

Bryan Garnier reaffirms its 'buy' recommendation and lowers its 'fair value' on Engie (London: 0LD0.L - news) from 15.6 to 14.8 euros, An upward revision of the nuclear provisions of Electrabel, the Belgian subsidiary of the energy group.

The financial intermediary pointed out that Electrabel received the NPC's opinion regarding the revaluation of the discount rate used for the provisions for its nuclear power plants, a rate lowered from 4.8% to 3.5%.

This change led it to increase its nuclear provisions by 1.8 billion euros to about 10.2 billion euros. In terms of net income, Bryan Garnier estimates that it would have a negative impact of 120-130 million.

[grupo guitarlumber] 06/12/2016 10:04

Engie S A: - HSBC KEEPS BUY, OBJECTIVE 13,6 EUROS

[waldron] 05/12/2016 15:40

Published on 05/12/2016 at 14h35

(EESA) - Enea is in exclusive discussions until the end of December with Engie to buy back its assets in Poland and in particular the Polaniec power station. The Polish group did not provide further details but according to local press, Enea would offer about 220 million euros. However, Enea would not be alone on the file since a Chinese consortium would offer about 400 ME. The Polish government would however push hard enough for its champion to recover this asset that would ensure the energy security of the country.
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The Polaniec coal power plant, with a capacity of 1,527 MW, is Engie's main asset in Poland. The group also owns a large biomass plant of 190 MW, called Green Unit.