Groupe Euro. Share Discussion Threads

[andrbea] 12/7/2007 15:15

ptnu 39% at 0.67 eur

wake up gets....

[andrbea] 12/7/2007 13:58

6000 quid buy (gets)

[andrbea] 12/7/2007 12:37

8.3 Mio shares traded

ptnu up 31%

[andrbea] 12/7/2007 11:55

ptnu: 27.1%

[andrbea] 12/7/2007 11:26

ptnu: 20.8%

come on gets, catch up... ;-)

[andrbea] 12/7/2007 11:26

ptnu: 20.8%

come on gets, catch up... ;-)

[andrbea] 12/7/2007 10:06

ptnu: 12.5% (0.54 mid)

[andrbea] 12/7/2007 08:58

more trades/hour in Paris (ptnu)
also up 6% this morning
mid price 0.51

[haveagoodday] 11/7/2007 20:48

Last Updated: Wednesday, 11 July 2007, 09:53 GMT 10:53 UK

Passenger rise buoys Eurotunnel

A financial restructuring recently slashed Eurotunnel's huge debt
The number of people using the Channel Tunnel rose in the first six months of the year, operator Eurotunnel has said.
Passenger numbers increased 5% to 3.91 million, as lorry traffic rose 9% and car numbers rose 8%. However, coach and non-Shuttle freight traffic slipped.

The abolition of a minimum user charge paid by rail firms meant total revenues during the period fell 8% from last year to £273m ($554m; 403.2m euros).

Excluding revenues from the charge, sales rose 7% on last year to £252m.

Late last month, the company successfully completed a debt restructuring drive which significantly reduced its debt from £6bn to £2.84bn.

Since its formation in 1986, the Channel Tunnel operator has struggled to make cash, owing to larger-than-expected construction costs which were never recovered and lower-than-estimated traffic through the tunnel.

"Having succeeded in restructuring its finances, Eurotunnel has now completed its return to the cross-Channel market with significant growth in its main traffic. It is clearly market leader," said chief executive Jacques Gounon.

[andrbea] 11/7/2007 15:24

ptnu (euronext) is up 9.7%

[andrbea] 11/7/2007 14:47

can't help tiraider
new to the share myself.

[tiraider] 11/7/2007 13:59

hello again andrbea,

(last time we spoke was on FTO I think?)

Must be buys to send the price up 10%!
________________________________________________

I had 10,000 + ETL in my ISA. Got a note some time ago from Barclays saying the GET warrants couldn't be held in an ISA. I sent them a note back asking for them to be tx to my market account. No human reply, just an email responder to my mail.

Yesterday, I got a contract note telling me that I had sold 10000 + of GET warrants @ 15.25p each on 6/7 and an appropriate credit note.

I'm interested in monitoring their progress, also the GET shares I still have. Does anyone know the EPICs for both please?

I'm using GETS but it's the whole (1 + 1) price. Barclays are showing GETS but my p/f is being valued as a basic GET share.

Anyone else who has had the same problem?

[waldron] 11/7/2007 12:28

Groupe Eurotunnel Sa Traffic and revenues


RNS Number:0364A
Eurotunnel PLC/Eurotunnel S.A.
11 July 2007


11 July 2007


Immediate release


Eurotunnel:

Revenue and traffic figures for first half of 2007


* Shuttle revenues up by 8% and total revenue up by 7% to #252m compared to
first half of 2006 (on comparable pro forma basis)

* Strong traffic growth: trucks (+9%), cars (+8%), Eurostar (+5%)


Eurotunnel notes with satisfaction a net increase in its revenues and main
traffic during the first half of 2007 compared to the same period in the
previous year (on a comparable basis), thereby reinforcing its position as
leader in the cross-Channel market.


During the period under review, Eurotunnel revenues were #252 million, an
increase of 7% without the minimum usage payments which came to an end in
November 2006.


The number of trucks (+9%) and cars (+8%) carried on Eurotunnel Shuttles has
grown significantly, as has that of Eurostar passengers travelling through the
Channel Tunnel (+5%).


Revenues


During the first six months of the year, Eurotunnel has recorded a clear
increase in revenues from its core activity, the transport of trucks and
passenger vehicles on board its Shuttles: this is up to #162 million, an
improvement of 8% compared to 2006 at a constant exchange rate.


Revenues from railway operators, which no longer include the payments guaranteed
under the Minimum Usage Charge (MUC), were #86 million. Excluding the MUC, these
revenues have increased by 6% in the first six months. For comparison, the MUC
payments for the first half of 2006 were #37 million.


Revenues from non-transport activities remained marginal, at #4 million.


Total revenues for the first half of the year were up to #252 million, an
increase of 7% on a comparable pro forma basis (#252 million compared to #236
million).


The ending of the minimum payment from the railways should have led to a
mechanical reduction in total revenues of 14% (portion of 2006 first half
revenues represented by the MUC). In fact revenues have only decreased by 8%:
the company has therefore already compensated for a major part of the MUC.


1st half 1st half % change 1st half % change
Revenues 2007* 2006 excl. MUC 2006
# million (un-audited) excl. MUC MUC included
(restated*) (restated*)

Shuttle Services 162 150 + 8% 150 + 8%
Railways (excl. MUC) 86 81 + 6% 81 + 6%
MUC - 37
Railways 86 118 - 27%
Non-transport activities 4 5 - 14% 5 - 14%
Revenues 252 236 + 7% 273 - 8%


* Exchange rate: #1=Euro1.478


Shuttle traffic


The quality of service offered by Eurotunnel, the speed, ease and reliability of
its transport system, which is also more environmentally friendly than its
competitors for crossing the Channel, have led to even more customers choosing
to use the service during the first half of 2007.

The number of trucks carried rose to 707,422, an increase of 9% over the first
half of 2006.

The number of cars transported (955,510) rose by a similar amount (8%), or
68,046 vehicles.

1st half 2007 1st half 2006 2007/2006
% change

Truck shuttles 707,422 649,596 + 9%
Passenger shuttles Cars* 955,510 887,464 + 8%
Coaches 32,500 33,030 - 2%


* Including motorcycles, vehicles with trailers, caravans and camper vans.


Railways traffic


3,913,283 people travelled on Eurostar* during the first half of 2007, an
increase of 5% even though the final section of the high speed line to London,
High Speed 1, will not come into service until November 2007.

By contrast, railway freight trains travelling through the Tunnel during the
first half of 2007 carried only 680,531 tonnes of goods, a decrease of 14%
compared to the first half of 2006. This traffic remains significantly below the
original forecasts and the capacity of the Channel Tunnel.


Eurotunnel is working hard with its partners Fret SNCF, EWS and BRB to re-launch
this activity.


1st half 1st half 2007/2006
2007 2006 % change

Eurostar* 3,913,283 3,733,403 + 5%
(passengers)
Rail Freight tonnage 680,531 791,672 - 14%
(EWS/SNCF)


* Only Eurostar passengers passing through the Channel Tunnel are included in
this table. This excludes those travelling between Paris-Calais and
Brussels-Lille.


Jacques Gounon, Chairman and Chief Executive of Groupe Eurotunnel declared "
Having succeeded in restructuring its finances, Eurotunnel has now completed its
return to the cross-Channel market with significant growth in its main traffic.
It is clearly market leader."


No 028/2007


For media enquiries contact on + 44 (0) 1303 284491
Email: [e-mail]


For investor enquiries contact Michael Schuller on + 44 (0) 1303 288 749.
Email: [e-mail]


www.eurotunnel.com

This information is provided by RNS
The company news service from the London Stock Exchange
END

STRRBMRTMMTBMAR

[haveagoodday] 04/7/2007 07:45

Eurotunnel on track to deliver extra equity
By Alistair Osborne
Last Updated: 2:05am BST 04/07/2007

Jacques Gounon, boss of the restructured Groupe Eurotunnel, believes he is already two thirds of the way to delivering shareholders an extra 11pc of the equity in 2011 by exercising warrants.

The restructuring gives holders of the former Eurotunnel units, which were basically linked shares in Eurotunnel plc and Eurotunnel SA, an initial 13pc of the equity in new company, Groupe Eurotunnel.

Shares in Groupe Eurotunnel began trading yesterday, closing sharply lower in Paris at €0.45, compared with Friday's €0.79 close for the thinly traded Eurotunnel SA.

For each new share, ordinary shareholders also receive one warrant in the refinanced group whose debts have been slashed from £6.2bn to £2.84bn. The warrants are exercisable in 2011 and can potentially lift shareholders' equity to 24pc of Groupe Eurotunnel.

Mr Gounon said: "One hundred per cent exercise of warrants is a personal goal."

He said they were exercisable, on a pro-rata basis, depending on how much extra value Eurotunnel can generate by 2011 outside improving the profitability of its operations through the Channel Tunnel.

For all warrants to be exercised, Eurotunnel must create an additional £300m of value, Mr Gounon said, while also improving its financial performance. Last year Eurotunnel's trading profits rose 42pc to £220m, before interest costs, on revenues up 5pc at £568m.

Mr Gounon said a key part of this extra value could be generated by the use of past tax losses and a claim for the costs Eurotunnel incurred when asylum-seekers disrupted operations.

In May, the French government said it would allow the company to carry forward some €890m (£600m) of tax losses incurred by Eurotunnel SA during the three years from 2000-2002. Assuming a 30pc tax rate, using such losses could generate £200m extra value for Groupe Eurotunnel.

The business is also close to agreeing compensation over stowaway asylum-seekers, worth around £30m.

Aside from the warrants, Mr Gounon is keen to raise around €1bn of capital via a rights issue to buy back - at a 40pc premium - some of a £1.275bn convertible bond held by creditors before it converts.

He wants to move at the earliest opportunity in 13 months' time, allowing shareholders to increase their stake in the business - though at a price. Added to the exercise of the warrants, shareholders could come close to regaining half of the equity by 2011.

However, one problem for Mr Gounon is the paucity of institutional investors on the register, making a rights issue much trickier.

[tiraider] 03/7/2007 17:58

some epics and shares info from GETS

[scribbler101] 03/7/2007 15:09

What is it that here arrives?

[haveagoodday] 03/7/2007 07:51

Eurotunnel on track to deliver extra equity
By Alistair Osborne
Last Updated: 2:07am BST 03/07/2007

Jacques Gounon, boss of the restructured Groupe Eurotunnel, believes he is already two thirds of the way to delivering shareholders an extra 11pc of the equity in 2011 by exercising warrants.

The restructuring gives holders of the former Eurotunnel units, which were basically linked shares in Eurotunnel plc and Eurotunnel SA, an initial 13pc of the equity in new company, Groupe Eurotunnel.

Shares in Groupe Eurotunnel began trading yesterday, closing sharply lower in Paris at €0.45, compared with Friday's €0.79 close for the thinly traded Eurotunnel SA.

For each new share, ordinary shareholders also receive one warrant in the refinanced group whose debts have been slashed from £6.2bn to £2.84bn. The warrants are exercisable in 2011 and can potentially lift shareholders' equity to 24pc of Groupe Eurotunnel.

Mr Gounon said: "One hundred per cent exercise of warrants is a personal goal."

He said they were exercisable, on a pro-rata basis, depending on how much extra value Eurotunnel can generate by 2011 outside improving the profitability of its operations through the Channel Tunnel.

For all warrants to be exercised, Eurotunnel must create an additional £300m of value, Mr Gounon said, while also improving its financial performance. Last year Eurotunnel's trading profits rose 42pc to £220m, before interest costs, on revenues up 5pc at £568m.

Mr Gounon said a key part of this extra value could be generated by the use of past tax losses and a claim for the costs Eurotunnel incurred when asylum-seekers disrupted operations.

In May, the French government said it would allow the company to carry forward some €890m (£600m) of tax losses incurred by Eurotunnel SA during the three years from 2000-2002. Assuming a 30pc tax rate, using such losses could generate £200m extra value for Groupe Eurotunnel.

The business is also close to agreeing compensation over stowaway asylum-seekers, worth around £30m.

Aside from the warrants, Mr Gounon is keen to raise around €1bn of capital via a rights issue to buy back - at a 40pc premium - some of a £1.275bn convertible bond held by creditors before it converts.

He wants to move at the earliest opportunity in 13 months' time, allowing shareholders to increase their stake in the business - though at a price. Added to the exercise of the warrants, shareholders could come close to regaining half of the equity by 2011.

However, one problem for Mr Gounon is the paucity of institutional investors on the register, making a rights issue much trickier.

[haveagoodday] 03/7/2007 07:51

Thx scribbler, I'm just as confused! Barclays is still showing my old ETL holding - so I think they're just as confused as well.

[scribbler101] 02/7/2007 23:24

hagd - I am much confused, but I THINK GETS and ETL are the London listings for the new and old share respectively.

I further THINK that EUROP: GETS/PGETS is the paris listing new and TNU/PTNU old.

I think things get confused by where the P for Paris goes!

And I presume the fall reported for Paris is between the two prices you quote

[haveagoodday] 02/7/2007 20:57

scribbler;

So the epic is TNU, the charts in the header are for GETS., How many epics does Eurotunnel have and which one have the ex holders of ETL now got.

TNU is 0.72
PTNU is 0.45
GETS is 0.50

I have now put the above Eurotunnel epics on my monitor.

Anyone any idea how much the new GET + a warrant are worth?

Thanks in advance and good luck with the new thread and a wishing GETS a new and successful future.

rgds to all

[haveagoodday] 02/7/2007 20:50

new thread, thanks scribbler, can we be overpriced at a realistic level now?

I have added TNU on my monitor, and there are 2 possibles, one for Paris and 1 for London.

None of the prices correspond to 44.

I have them showing as .65 and .72.

Was it normal for the Paris and London quotes to be out of synch by the such a large amount in the past?