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ALS Altus Strategies Plc

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Share Name Share Symbol Market Type Share ISIN Share Description
Altus Strategies Plc LSE:ALS London Ordinary Share GB00BJ9TYB96 ORD 5P
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  0.00 0.00% 46.00 0.00 01:00:00
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Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 46.00 GBX

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Date Time Title Posts
08/3/202408:51Alstom: See Bouygues et Areva, all on the fast track684
20/4/202318:42Altus Straegies371
01/2/202110:55Altus strategies Plc19
11/9/201811:35Altus Strategies (ALS) One to Watch 1
02/1/201116:50Alstom - Blue Chip Euro Power/Rail Infrastructure Play31

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Posted at 15/11/2023 17:00 by adrian j boris
ALSTOM : JP Morgan maintains a Buy rating
November 15, 2023 at 07:14 am EST

Analyst Akash Gupta from JP Morgan research considers the stock attractive and recommends it with a Buy rating.


The target price is unchanged at EUR 22.
Posted at 05/10/2023 12:45 by ariane
ALSTOM : Gets a Neutral rating from Deutsche Bank
October 05, 2023 at 06:56 am EDT

Gael de-Bray from Deutsche Bank retains his Neutral opinion on the stock. The target price is lowered from EUR 30 to EUR 23.
Posted at 15/5/2023 10:40 by misca2
PARIS (Agefi-Dow Jones)--The title of the railway equipment manufacturer Alstom gained 3.3% to 25.3 euros, achieving the strongest increase in the CAC 40 index, after a favorable rating from JPMorgan.


The US bank raised its price target on the value from 33 to 34 euros, while reiterating its recommendation to "overweight". Following the publication of the 2022-2023 results, the financial intermediary believes that the fears raised by Alstom's balance sheet will fade.


The group achieved its free cash flow target for the year ended March and announced a "significantly positive" free cash flow for the 2023-2024 financial year. JPMorgan also stresses that Moody's "stable" outlook, despite the downgrade of a notch of the credit rating, reflects the absence of immediate risks to Alstom's investment-grade credit rating.


Finally, according to JPMorgan, the achievement of the medium-term margin target, i.e. at the end of the year
Posted at 04/1/2023 16:17 by waldron
Alstom and Arcada company to modernise 66 km of Romanian Cluj-Oradea railway line
01/04/2023 | 03:08pm GMT


Highlights'

* Alstom will provide state-of-the-art digital train control, traffic management solutions and electrification infrastructure for this project.

* Alstom will provide ERTMS Level 2, digital traffic control solutions and electrification in two lots covering 66 km of double railway line, enabling speed of 160 km/h for passenger trains and 120 km/h for freight

* Alstom's digital control centre installed in Cluj will manage the traffic on the entire railway line totalling 166 km

* Arcada will oversee the civil works

* The modernisation projects are financed through Romania's National Recovery and Resilience Plan (PNRR)

Alstom, global leader in smart and sustainable mobility, has been awarded two new signalling and electrification contracts in Romania, as part of modernisation works on the first two sub-sections of the Cluj Napoca-Oradea line. The two contracts were signed by Asocierea RailWorks consortium, consisting of Alstom and Romanian civil works company Arcada, with CFR SA, the Romanian state rail infrastructure operator. Alstom will provide state-of-the-art digital train control, traffic management solutions and electrification infrastructure and Arcada will carry out all the civil works. The implementation period for each contract is 42 months.

'These new contracts consolidate Alstom's leading position on the Romanian railway market, for both digital train control and electrification. In the recent years, Bucharest has become a strategic centre for Alstom's signalling expertise employing over 200 highly qualified engineers, whose expertise serves local projects, and international ones,' says Gabriel Stanciu, Alstom Managing Director for Romania, Bulgaria and the Republic of Moldova.

'These new contracts consolidate Alstom's leading position on the Romanian railway market, for both digital train control and electrification. In the recent years, Bucharest has become a strategic centre for Alstom's signalling expertise employing over 200 highly qualified engineers, whose expertise serves local projects, and international ones.'

Gabriel Stanciu

Alstom Managing Director for Romania, Bulgaria and the Republic of Moldova

The two contracts cover the modernisation of 66 km of double railway line between Cluj Napoca and Poieni (30 km for Cluj Napoca - Aghire? and 36 km for Aghire?-Poieni). It includes electrification, infrastructure and superstructure modernisation, signalling and telecommunication systems, as well as civil works. Alstom will directly oversee the ERTMS Level 2 deployment, implementation of the traffic control solution, the digital interlocking and passenger information systems, as well as electrification works including power supply and overhead contact line. The modernisation will enable the speed of 160 km/h for passenger trains and 120 km/h for freight.

For the electrification works, Alstom will supply two Traction Power Stations and its OCS3 catenary solution for main lines, leveraging its in-house capabilities at the manufacturing facility in Lecco, Italy, and its worldwide experience of OCS3 in commercial operation.

66 km of the Romanian Cluj-Oradea railway line to be modernised

>200 highly qualified engineers employed by Alstom with signalling expertise

Alstom is a global pioneer in its development and implementation and a worldwide leader in on-board digital train control equipment. ATLAS 200 is Alstom's ERTMS Level 2 solution allowing trains to run at higher speeds without physical lineside signals. In Europe, more than 30% of ERTMS Level 2 lines in service are provided by Alstom.

Alstom has been active in Romania for almost 30 years and is a market leader in railway electrification and signalling solutions. The company is responsible for implementing signalling or electrification solutions on more than 75% of the Northern branch of the Rhine-Danube railway corridor in Romania. The first CBTC urban signalling solution in the country is under implementation by Alstom on Bucharest's metro Line 5. The company has also been the provider of maintenance services for the Bucharest metro fleet for the last 18 years and a new long-term contract is in place, valid until 2036.

Alstom, Atlas and Iconis are protected trademarks of the Alstom Group.

Press contacts - Italy

Gaia Mazzon

Send an email

Alstom, acting as the Head of a Temporary Association of Enterprises (ATI), consisting of Consorzio Integra, Icop, Euroferroviaria, with engineering assigned to companies including Systra Sotecni, SWS Engineering and Alstom, who will provide a new signalling system to the EAV Vesuvian lines.

The contract signed between the ATI and Ente Autonomo Volturno S.r.l. (EAV), the public transport operator in the Campania Region, is worth 292 million euro and provides for the construction of an innovative signalling system on more than 140 km of the Vesuvian lines with ACCM

[1]

and ERTMS solutions, the most advanced system for the supervision and control of train operation available today.

'We are pleased to give a new impetus to mobility in the Naples metropolitan area with our ERTMS signalling system on more than 140 km of the line.'

Michele Viale

General Manager of Alstom Italy and President and CEO of Alstom Ferroviaria

In addition, it is planned to upgrade the railway and technological installations and infrastructure works (stations, tunnels, works of art) on the Castellammare-Sorrento section allowing a maximum traffic capacity of one train every twelve minutes.

The project also includes an Alstom solution for substations that saves energy and costs by feeding more than 99% of the energy generated by the train braking back into the grid.

The work will be carried out by June 2026 and will only be done at night, so there won't be any service interruption for users.

>140 km of line covered by our ERTMS signalling system

>99% of the energy generated by the braking of rolling stock is feeded back into the grid

EUR292 M The contract is worth 292 million euro

'We are pleased to give a new impetus to mobility in the Naples metropolitan area with our ERTMS signalling system on more than 140 km of the line,' said Michele Viale, General Manager of Alstom Italy and President and CEO of Alstom Ferroviaria. 'The proposed system meets the technical specifications required by the European Union and CENELEC

[1]

standards for railway safety, guaranteeing the highest safety standards. The contract signed with EAV further confirms Alstom's expertise in suburban mobility.'

'The contract signed with Alstom will make it possible to bring EAV's Vesuvius railway infrastructure up to national and European best practices with a radical railway overhaul, as well as civil and technological works on the Castellammare-Sorrento section. The works are financed with various funds and demonstrate EAV's spending capacity with the achievement of the planned objectives by 31.12.2022, as required by EU regulations,' said EAV President Dr. Umberto de Gregorio. He also thanked the Design and Execution Manager Ing. Pasquale Sposito and the Contracting Manager Dr. Filippo Porzio, as well as all staff functions, for the rapid completion of the procedure, conducted according to the innovative formula of competitive dialogue, also involving multiple specialists.

[1]

Apparatus Computerised Multi-Station Control Panel

[2]

European Committee for Electrotechnical Standardisation
Posted at 24/11/2022 17:24 by waldron
Operations and maintenance, another string to Alstom's bow
11/24/2022 | 02:51pm GMT


In certain cases, as well as designing and building trains and systems, Alstom undertakes to operate and maintain them: a solution that leverages the technology and project management skills of the rail industry's top supplier.

Operations and maintenance is a new and fairly niche business for Alstom. Nonetheless, Alstom is now the number one private operator in North America, with more than 40 years of experience, and has a growing number of contracts outside the continent.

In addition to designing, building, and maintaining rolling stock and signalling, Alstom has ambitions to further expand and strengthen its business of system operations and maintenance, in current and new markets.

The solution is about operating and maintaining a rail system on behalf of a customer, often because the customer's core business is not rail or they want a level of performance and risk transfer that a private service provider can deliver. For example, this might be a system where the client (typically public transport authorities, private asset owners, leasing companies), wants a reliable rail link but not the risks and headaches of operating and maintaining the system. Alstom's knowledge and experience delivering the full railway system allows for scalable support across all assets, reducing the overall interface management and risk for the client.

'We have always been successful operating and maintaining in situations where we have sold assets or turnkey solutions,' says Jack. An OEM (Original Equipment Manufacturer) that builds and installs the trains, signalling and infrastructure is ideally placed to operate and maintain them.

'We bring a lot of organisational synergies combining operations and maintenance, but we can also leverage our technology provider and OEM capabilities, which allow us to be faster in introducing innovative solutions. This is often at a lower price, because we're not providing a solution to an operator that is managing additional technical and logistical interface risks, therefore, adding a margin before selling onto an asset owner. For example, we have been able to quickly introduce plexiglass seat dividers early in the pandemic, implement driver advisory systems to improve energy performance, prevent cybersecurity threats to the system, proactively manage obsolescence to assets and deliver the latest passenger experience upgrades, straight into our train operations. Customers come to us because we can offer that whole-life, total-cost-of-ownership security.'

'When we are responsible for designing and building a system as well as carrying out, say, 30 years of operations and maintenance, we can design the system in a way where we give our customers the best value from the assets, for example, in terms of energy-saving or passenger experience. With Alstom sitting on both sides of the fence, we can balance the capital expenditure and operational expenditure to get the best value over the asset's life.'

Of course, the market for Alstom to offer operations and maintenance is broader than newly delivered 'greenfield' systems, which in many cases is an extension of its design and build projects. In addition, an asset owner or authority may decide to contract out the existing 'brownfield' operation that has already been in service for many years.

'As well as greenfield opportunities, we also look at brownfield - focusing mainly where we already have a presence or products that we can support. This is not a limiting factor, Alstom has been successful in brownfield takeovers of non-Alstom assets. This is down to mobilising the right people at the right time and extending our robust core processes to include operations and maintenance,' adds Jack.

During the life of a transport network, the client may need to upgrade or extend the existing fleet or infrastructure. As this has the potential to create service-affecting failures, it can fall to the operator and maintainer to manage. Alstom has proven that where they have the accountability for service and the project management of new introductions, they can deliver a shorter and smoother deployment, protecting the service delivery and coordinating the needs of other rail operators.

The rail industry varies from country to country and, according to Jack, there has been a paradigm shift in some markets, and a blurring of the lines between operator, maintainer, and technology provider. This change has been accelerated because of COVID, where a lot of operators struggled with record low passenger numbers and revenue, leading to government bailouts alongside changes in contractual arrangements, such as franchise to concession. Some models have been problematic, as they decouple short-term operations and maintenance franchises from asset management, exposing the asset owner to increased total cost of ownership and the travelling public to service disruptions.

Contact:

Samuel Miller

Tel: +33 (0)6 65 47 40 14

Email: samuel.miller@alstomgroup.com
Posted at 09/6/2022 10:59 by waldron
Alstom (EPA:ALO) PT Set at €22.00 by The Goldman Sachs Group

Posted by admin on Jun 8th, 2022


Alstom (EPA:ALO – Get Rating) has been given a €22.00 ($23.66) price objective by research analysts at The Goldman Sachs Group in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. The Goldman Sachs Group’s price objective indicates a potential downside of 16.82% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock.


UBS Group set a €44.00 ($47.31) price objective on shares of Alstom in a research report on Wednesday, May 11th.


Deutsche Bank Aktiengesellschaft set a €37.00 ($39.78) target price on shares of Alstom in a research report on Monday, March 21st.

JPMorgan Chase & Co. set a €38.00 ($40.86) target price on shares of Alstom in a research report on Monday, May 23rd.

Finally, Jefferies Financial Group set a €35.00 ($37.63) target price on shares of Alstom in a research report on Thursday, May 26th.


EPA:ALO opened at €26.45 ($28.44) on Wednesday. The company has a fifty day moving average of €22.58 and a two-hundred day moving average of €26.07.

Alstom has a fifty-two week low of €25.65 ($27.58) and a fifty-two week high of €37.37 ($40.18).

Alstom Company Profile (Get Rating)

Alstom SA offers solutions for rail transport industry in Europe, the Americas, Asia and Pacific, the Middle East, and Africa. The company offers rolling stock solutions for people movers and monorails, light rails, metros, commuter trains, regional and intercity trains, high-speed trains, and locomotives; asset optimization, connectivity, digital passenger, and security and city mobility solutions; and signaling products, such as urban, mainline, and freight and mining signaling.
Posted at 07/6/2022 09:02 by waldron
Agefi-Dow Jones





PARIS (Agefi-Dow Jones)--With the purchase of Bombardier Transportation,
Alstom has taken its shareholders on a real ghost train.






The group has nevertheless made the right turn. Since the publication of
2021-2022 financial statements in mid-May, the share price has recovered
20.6% against 3.9% for the CAC 40. Jefferies believes that Alstom is at a turning
is at a turning point, being on the verge of regaining
the favour of investors. "Confidence is starting to return to the stock
It's a good thing that we're going to be able to do this.



The use of a capital increase ruled out



Alstom has sent several reassuring signals. The industrialist has generated
positive cash flow in the second half of the year, clearing the way for
the way to its deleveraging. "The company appears to be well on track with its
The company appears to be on track to halve its net debt by the end of the year.
by half by the end of March 2025," said Jean-Louis Sempé of
Sempé of Invest Securities. The group's management has also firmly ruled out
of a capital increase, allaying the market's fears on this point.
the market's fears on this point.



The integration of Bombardier Transportation seems to be under control. For
to avoid any further slippage on the negative margin contracts
contracts inherited from the Canadian group, the company has deployed a major action plan, allocating more human and engineering resources
engineering resources to address technical and production issues.


By the end of the 2024-2025 financial year, Alstom should have
virtually cleared its backlog of these projects. "Alstom
is doing better. Most of the difficulties related to the integration of
Bombardier Transportation are now behind them," says Jean-Louis
Sempé.



Alstom must nevertheless consolidate the renewed confidence of the market by staying on track.

"The group's roadmap
is promising but it does not leave room for the slightest deviation",
underlines Frédéric Rozier of Mirabaud. Especially as short sellers are watching for the
short sellers are watching for the slightest misstep. At the end of May, the positions of
of these "shortsellers", measured by the proportion of Alstom shares lent, represented more than 10% of
shares, represented more than 10% of outstanding shares,
according to data from S&P Global Market Intelligence.

"Short
short sellers have a strong presence in the stock. To catch them
the group will have to generate positive cash flow for the current year," says
the current financial year," says Frédéric Rozier.



A buoyant business environment



Alstom seems to be on the right track. UBS considers that the growth of orders
of orders - and therefore of customer deposits - should support
should support cash generation and enable the company to generate
295 million for the current financial year,
687 million for the year ending March 2024.

"Despite the volatility in working capital requirements, the group should be able to generate
200 million to 300 million euros of cash flow per year".

300 million per year," adds Jean-Louis Sempé of Invest
Securities.



All other lights are green for Alstom. Its record order book of
81 billion euros at the end of March secures two-thirds of its revenues for the
two-thirds of its revenues for the next three years," said Deutsche Bank.



And demand is not drying up. Despite the deteriorating economic
economic environment "I see no sign of a global slowdown in
I see no sign of a global slowdown in rail investment," said the group's
Henri Poupart-Lafarge, the group's CEO, said last month.


The company has identified around €180 billion
in business opportunities by March 2025. In addition, almost all of its
almost all of its revenues (99%) are eligible for the European taxonomy
taxonomy, i.e. the European Commission's nomenclature for
Commission's nomenclature for directing investment towards 'green' activities.
"activities.



These assets are fuelling analysts' optimism. At 32.75 euros,
the average price target compiled by FactSet still gives the
potential of around 25% for the stock.


Alstom has laid the foundations for its
of its stock market recovery. All that remains is for it to follow up without further incident its railway to accelerate.





-Julien Marion, Agefi-Dow Jones; +33 (0)1 41 27 47 94;
jmarion@agefi.fr ed: ECH


Translated with www.DeepL.com/Translator (free version)
Posted at 25/3/2022 16:37 by florenceorbis
Alstom reassess investments in Russia and Ukraine following invasion
A planned order for 130 Alstom 120km/h Prima T8 electric locomotives for Ukrainian Railways has been suspended.

ALSTOM has released a statement saying it has suspended a partnership with Ukrainian Railways (UZ) to supply locomotives and associated services, as it is “closely monitoring the dramatic situation currently happening in Ukraine” during the Russian invasion.

The French and Ukrainian governments signed an agreement in early February to lend or finance around €750m of a planned order for 130 Alstom 120km/h Prima T8 electric locomotives for UZ, during a visit by French president Mr Emmanuel Macron to meet Ukraine president Mr Volodymyr Zelensky before the invasion. UZ president Mr Oleksandr Kamyszyn and Alstom chairman and CEO Mr Henri Poupart-Lafarge also signed a cooperation agreement at the same meeting in Kiev.

Alstom told local media at the time in Ukraine that it expected the contract for the locomotives to be signed by June, but this has now been put on hold. “Alstom has expressed its deep solidarity with UZ during this dramatic time,” Alstom says.

Alstom adds that it is suspending all future business investment in Russia and that it will comply with all applicable sanctions and laws.

Alstom says it is prioritising the safety of its employees and their families.

“A dedicated team has been set up to manage the situation since the beginning of the conflict, taking actions to best support them,” the manufacturer says. “Our thoughts are also with all the victims of this conflict. In addition to local initiatives from our teams around the globe, our solidarity towards the affected population will be primarily channelled through the Alstom Foundation.”

Alstom also says it is also reviewing the book value of its stake in Russian rolling stock manufacturer Transmashholding (TMH).

Alstom and TMH signed a strategic partnership agreement in 2009, aimed at developing new products in Russia and Commonwealth of Independent States. The deal saw Alstom support the modernisation of TMH’s manufacturing sites, and the development of a new generation of rolling stock. In return, Alstom acquired a 25% share of TMH. This was increased to 33% in December 2015 following the acquisition of an additional 8% stake from Russian Railways (RZD).

Alstom says it now holds a 20% stake in TMH and there is “no material business nor operational link between Alstom and TMH.” Alstom says it will reassess the book value of its TMH stake as part of the fiscal year 2021/22 closing accounts.

TMH is consolidated through the equity method, and Alstom’s interest in TMH was valued at €482m in its 2021-22 first half financial report, with a currency translation adjustment of negative €169m. TMH’s contribution to Alstom’s net income was a €2m loss.

RZD and Belarusian Railways (BC) were suspended by the International Union of Railways (UIC) on March 8.

TMH International, the subsidiary of TMH, issued a statement on March 1 emphasising it was a Swiss railway company, governed by the laws of Switzerland, while its local subsidiaries in Germany, Hungary, Argentina, Egypt, and South Africa were registered and governed by the laws of their respective countries.

“We wish to remind everyone that TMHI is privately-owned and that neither the Russian government, nor any Russian state-owned companies have any interest or involvement in TMH International,”; the company told IRJ. “In addition, we would like to state that, as of today, none of our shareholders appear on sanction lists.”
Posted at 09/3/2022 15:57 by adrian j boris
Financial
March 9, 2022
Written by David Burroughs

Alstom reassess investments in Russia and Ukraine following invasion
A planned order for 130 Alstom 120km/h Prima T8 electric locomotives for Ukrainian Railways has been suspended.

ALSTOM has released a statement saying it has suspended a partnership with Ukrainian Railways (UZ) to supply locomotives and associated services, as it is “closely monitoring the dramatic situation currently happening in Ukraine” during the Russian invasion.

The French and Ukrainian governments signed an agreement in early February to lend or finance around €750m of a planned order for 130 Alstom 120km/h Prima T8 electric locomotives for UZ, during a visit by French president Mr Emmanuel Macron to meet Ukraine president Mr Volodymyr Zelensky before the invasion. UZ president Mr Oleksandr Kamyszyn and Alstom chairman and CEO Mr Henri Poupart-Lafarge also signed a cooperation agreement at the same meeting in Kiev.

Alstom told local media at the time in Ukraine that it expected the contract for the locomotives to be signed by June, but this has now been put on hold. “Alstom has expressed its deep solidarity with UZ during this dramatic time,” Alstom says.

Alstom adds that it is suspending all future business investment in Russia and that it will comply with all applicable sanctions and laws.

Alstom says it is prioritising the safety of its employees and their families.

“A dedicated team has been set up to manage the situation since the beginning of the conflict, taking actions to best support them,” the manufacturer says. “Our thoughts are also with all the victims of this conflict. In addition to local initiatives from our teams around the globe, our solidarity towards the affected population will be primarily channelled through the Alstom Foundation.”

Alstom also says it is also reviewing the book value of its stake in Russian rolling stock manufacturer Transmashholding (TMH).

Alstom and TMH signed a strategic partnership agreement in 2009, aimed at developing new products in Russia and Commonwealth of Independent States. The deal saw Alstom support the modernisation of TMH’s manufacturing sites, and the development of a new generation of rolling stock. In return, Alstom acquired a 25% share of TMH. This was increased to 33% in December 2015 following the acquisition of an additional 8% stake from Russian Railways (RZD).

Alstom says it now holds a 20% stake in TMH and there is “no material business nor operational link between Alstom and TMH.” Alstom says it will reassess the book value of its TMH stake as part of the fiscal year 2021/22 closing accounts.

TMH is consolidated through the equity method, and Alstom’s interest in TMH was valued at €482m in its 2021-22 first half financial report, with a currency translation adjustment of negative €169m. TMH’s contribution to Alstom’s net income was a €2m loss.

RZD and Belarusian Railways (BC) were suspended by the International Union of Railways (UIC) on March 8.

TMH International, the subsidiary of TMH, issued a statement on March 1 emphasising it was a Swiss railway company, governed by the laws of Switzerland, while its local subsidiaries in Germany, Hungary, Argentina, Egypt, and South Africa were registered and governed by the laws of their respective countries.

“We wish to remind everyone that TMHI is privately-owned and that neither the Russian government, nor any Russian state-owned companies have any interest or involvement in TMH International,”; the company told IRJ. “In addition, we would like to state that, as of today, none of our shareholders appear on sanction lists.”
Posted at 08/6/2021 00:50 by papillon
Interesting 2 year chart. I've drawn 2 parallel trend lines on this linear chart. I wonder if they have any significance? If they do then we could see the ALS share price testing that upper trend line again. Will it? Who knows, but the fundamentals definitely look very good.


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