Intl Power Share Discussion Threads

[sabre6] 28/3/2012 19:47

Back up again today

[megabear] 28/3/2012 11:26

I wouldn't pay any attention to what that muppet analyst has to say. He has to say something to collect his monthly pay cheque.

[elmfield] 28/3/2012 11:02

I am now out.

[waldron] 28/3/2012 07:19

Good point jeffian

there was however a dividend sweetner

[jeffian] 27/3/2012 23:49

"We would find it odd for GDF Suez to inject its own growth assets and cash into the company, paying a premium once for control and then paying a premium again on the new listed valuation to take ownership of the minority."

But they didn't pay a premium for control, did they?

[waldron] 27/3/2012 22:33

source:FT




Last updated: March 27, 2012 10:26 pm

International Power lower as FTSE 100 cools
By Bryce Elder
International Power slipped from a one-year high on Tuesday after Deutsche Bank said takeover speculation looked to be misplaced.

Hopes of a bid from GDF Suez, International Power's majority shareholder, have helped lift its stock by 15 per cent since the companies merged power generation assets in February 2011.

But the rerating suggests International Power was already being valued as a growth company, said Martin Brough, an analyst.

"If GDF Suez had wanted full ownership, we believe it could have made an offer for the whole of International Power in 2010," Deutsche told clients. "We would find it odd for GDF Suez to inject its own growth assets and cash into the company, paying a premium once for control and then paying a premium again on the new listed valuation to take ownership of the minority."

Deutsche cut International Power off its "buy" list, sending the shares lower by 0.6 per cent to 380p. Emerging markets could deliver double-digit earnings growth but acquisitions would be needed and profitability still needed to improve in the US, UK and Australia, it said.

"Offering a premium to the current valuation would not allow GDF Suez to deliver much, if any, earnings enhancement from buying the minority," said Mr Brough. "In practice, we believe GDF Suez already has control over International Power and does not need 100 per cent equity ownership."

[waldron] 27/3/2012 07:37

In that case GDF SUEZ might well
make its attentions known during
APRILS AGM if not before.

GBP 6 BILLION approx should be manageable

[cool runnings] 27/3/2012 07:23

Waldron, they do not have to wait until august!!

[waldron] 26/3/2012 17:55

cheers jack and opto

i would be more concerned about GDF SUEZ and its
ability to pay a mutually acceptable decent price in AUGUST

WE LIVE IN EXCITING TIMES

[optomistic] 26/3/2012 17:35

waldron....400p soon.
I don't think this RNS has had such an effect on the sp, my view is that something else will out soon, IPR is not well known for double digit rises.

[waldron] 26/3/2012 12:56

Nice coincidence though and the market is pleased

390P might soon be hit

[jacks13] 26/3/2012 12:13

The two, RNs and the share price move, are not connected surely.

[waldron] 22/3/2012 20:39

THE MEDIAN FT TARGET HAS MOVED UP TO 390P

[optomistic] 22/3/2012 10:57

Trying hard this morning, a little more effort could take us through the next resistance @ 375 .....a little GDF gossip in the coffee shop should do it.
Then on to 400.

[waldron] 14/3/2012 08:36

perhaps the directors are selling their shares
to lock in profits at their convenience and before tax year end thereby
leaving them the opportunity to buy GDF SUEZ shares
which are considered undervalued by some

[optomistic] 13/3/2012 21:10

Thanks for posting that info jacks. Guess he is just as wise as the rest of us then and maybe logging some Capital Gains for the year.

Following list taken from IPR website:

Additional Directors who served during 2010
Executive Directors

Tony Concannon Executive Director, Australia
Bruce Levy Executive Director, North America
Steve Riley Executive Director, Europe
Ranald Spiers Executive Director, Middle East and Asia
Non-Executive Directors
Alan Murray Non-Executive Director
John Roberts Non-Executive Director
Struan Robertson Non-Executive Director

[jacks13] 13/3/2012 20:42

Another ex-director

Tony Concannon (47)
Executive Director, Australia
Tony Concannon was appointed to the
Board in January 2004 and resigned from
the Board in February 2011 following the
Combination of International Power and
GDF Suez Energy International. He was
the Executive Director responsible for
managing all aspects of performance
in the Australian region including plant
operations, finance, energy trading and
business development.

[cockneyrebel] 13/3/2012 20:25

lovely chart here.

CR

[optomistic] 13/3/2012 20:16

Anthony Concannon, Director, sold 75,000 shares in the company on the 12th March 2012 at a price of 361.21p. The Director now holds 71,367 shares representing 0.00% of the shares in issue.

Yet another director sell .......gives you confidence dont it......why are they selling?
So far the sellers have all sold too early to their loss!

[jeffian] 10/3/2012 16:25

I was trying to see how many shares the Directors held but can only find the position as at December 2010 before the merger. Anyway, I think that a lot of Directors treat their shareholdings as part of their remuneration, rather than long-term investments, on the basis that even if they sell a substantial part, or all, of their existing shareholdings, they are soon topped up again from their Share Options and the Long Term Incentive Plan!

[optomistic] 10/3/2012 16:02

Looking at this earlier RNS, it seems Mr Riley likes selling.

"Director Deals - International Power PLC (IPR)
Monday, 19th December 2011
Stephen Riley, Director, sold post-exercise 166,139 shares in the company on the 19th December 2011 at a price of 320.77p. The Director now holds 390,634 shares."

[optomistic] 10/3/2012 11:25

andonis, yes I believe IPR is looking good and is just sitting for GDF to take the remaining stock.
However I'm very curious as to why the Riley's have disposed of 400K of their holding especially after the CFO (working from memory, I believe it was the CFO, correct me if wrong) sold his holding recently.