Abb Share Discussion Threads

[sheeneqa] 27/11/2007 17:31

Grupo GuitarLumber - 27 Nov'07 - 13:42 - 599 of 600


She,

Would you know why the charts are giving a dead line?

No longer listed on the LSE, stayed live for a time after delisting alas no more....

[grupo guitarlumber] 27/11/2007 17:15

ABB says dollar weakness to distort costs in 2008; sees no signs of cool down
Date : 27/11/2007 @ 16:43
Source : TFN


ABB says dollar weakness to distort costs in 2008; sees no signs of cool down




ZURICH (Thomson Financial) - ABB Ltd chief executive Fred Kindle said he
expects the current dollar weakness to result in some distortion of costs next
year, citing corporate costs as an example.
Costs are likely to be incurred in the non-dollar-zone and are expected to
rise once again slightly, Kindle said in an interview with Swiss finance weekly
Handelszeitung.
Commenting on recession fears in the US, Kindle said at the moment he sees
no signs of a marked cool down in the engineering group's markets.
He also said that the ongoing credit market crisis has had no impact on the
solvency of its clients.
Kindle said that ABB's net liquidity by year-end 2007 will exceed 4 bln sfr.
The group will inform how it plans to use its cash reserves during the
course of 2008, he said, adding that investments in organic growth,
acquisitions, share buybacks or a combination of these elements are on the
cards.
[e-mail]
at/jfr

[grupo guitarlumber] 27/11/2007 13:42

She,

Would you know why the charts are giving a dead line?

[grupo guitarlumber] 27/11/2007 12:54

Swiss shares move higher in early afternoon trade on banking rebound
Date : 27/11/2007 @ 12:44
Source : TFN


Swiss shares move higher in early afternoon trade on banking rebound




ZURICH (Thomson Financial) - Share prices moved higher in afternoon trade,
recovering from early losses, led by fresh buying interest for UBS and other
financials on news that the Abu Dhabi Investment Authority will invest some 7.5
bln usd in Citigroup.
At 1.30 pm, the Swiss Market Index was 28.78 points higher at 8,390.10, and
the Swiss Performance Index up 16.52 points at 6,804.97.
The euro was little changed against the Swiss franc, last at 1.6337 sfr,
while the dollar climbed to 1.1006 sfr.
Banking stocks are leading the rebound but it remains to be seen how
sustainable today's recovery is, a trader here said, adding that the focus this
afternoon will be on fresh economic data from the US and Wall Street's opening.
UBS was the market's top performer, climbing 3.3 pct or 1.63 sfr to 51.25,
boosted by the news of Abu Dhabi's investment in Citigroup. The move was widely
interpreted as signalling renewed confidence in the banking sector.
Banking stocks across Europe also enjoyed some support from Barclays'
reassuring comments on its 2007 outlook, another trader noted.
Elsewhere among banks, Credit Suisse was up 1.5 pct or 0.95 sfr at 63.60,
and Julius Baer up 0.80 sfr at 88.30.
Among insurers, Swiss Life edged 2 sfr higher to 299.25, while Swiss Re
dipped 0.80 sfr or 1 pct to 79.85, still suffering from last week's announcement
of a 1.2 bln sfr credit market hit.
Pharmaceuticals were also sought after, due to their defensive character,
with Novartis climbing 1.1 pct or 0.65 sfr to 62.25, and Roche adding 1.60 to
211.10 sfr.
Fellow heavyweight Nestle gained 2.50 to 538 sfr.
Bringing up the rear was ABB, last off 3.2 pct or 1 sfr at 29.46, following
a Goldman Sachs price target cut to 31.50 sfr, from 32.90 sfr, while confirming
its 'neutral' recommendation.
Swatch was down 3.2 pct or 9.75 sfr at 292.50, handing back recent gains, as
was fellow luxury goods group Richemont, which was last down 2 pct or 1.50 at
72.15 sfr.
Outside the SMI, Feintool was 1.5 pct or 5.25 sfr lower at 339.75, after
posting disappointing full year results.
The engineering group said full year net profit dropped to 11.9 mln sfr from
15.6 mln, due to a 2.5 mln sfr impairment expense announced in October as well
as higher taxes.
[e-mail]
at/ro

[waldron] 21/11/2007 10:40

ABB wins 45 mln usd power order in Angola
Date : 21/11/2007 @ 10:25
Source : TFN


ABB wins 45 mln usd power order in Angola




ZURICH (Thomson Financial) - ABB Ltd said it has won a 45 mln usd order from
Angola's Empresa Nacional de Electricidade to link up the electrical grids in
the northern and central parts of the African nation.
The Swedish-Swiss engineering group said the project will help to reduce
carbon dioxide and nitrogen oxide emissions from the burning of fossil fuels as
it enables more hydropower generated in the north to be fed into the central
electrical grid.
[e-mail]
hmn/rfw

[waldron] 19/11/2007 07:16

ABB - Sale of Lummus Global




RNS Number:9659H
ABB Ltd
19 November 2007


ABB completes sale of Lummus Global


Zurich, Switzerland, November 19, 2007 - ABB, the leading power and automation
technology group, has completed the sale of its downstream oil and gas business
Lummus Global to Chicago Bridge & Iron Co. (CB&I) for an enterprise value of
$950 million.

ABB and CB&I announced the transaction in August. ABB has received net cash
proceeds of approximately $800 million, which will be booked in the fourth
quarter.

As previously communicated, the sale triggered an accelerated $204 million
payment by ABB to the CE Asbestos PI Trust, a trust fund set up to cover the
asbestos liabilities of Combustion Engineering. This payment will be also booked
in the fourth quarter.

As reported in August, ABB retains liability for potential fines and penalties
arising from suspect payments discovered in connection with the divestment of
this business. ABB will continue cooperating with the authorities in this
matter.

In recent years, the ABB Group has been successfully focussing on its strengths
in power and automation technologies. ABB's automation and power businesses
remain committed to the oil and gas sector and will continue to develop their
long-standing relationships with these customers.


ABB (www.abb.com) is a leader in power and automation technologies that enable
utility and industry customers to improve performance while lowering
environmental impact. The ABB Group of companies operates in around 100
countries and employs more than 110,000 people.



For more information please contact:

Media Relations:
ABB Corporate Communications, Zurich
Wolfram Eberhardt, Thomas Schmidt
Tel: [phone]
Fax: [phone]
[e-mail]






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

END
DISIIFIRLELALID

[waldron] 16/11/2007 15:01

cheers She

[sheeneqa] 16/11/2007 14:37

Market Data
Last Trade/Volume CHF 31.16 / 3'519
Daily Change -1.02%
Date/Time 16.11.2007 / 15:18
Market Open
Previous Close 31.48
Open 31.06
Bid 23'958, 31.14
Ask 7'491, 31.16
Orderbook
Volume today, On/Off Orderbook 12'453'929 / 464'374
Turnover today, On/Off Orderbook 386'032'000 / 14'435'601
1 Week Change -7.26%
4 Week Change -3.11%
52 Week Change +56.98%
Year to date Change +43.93%
Daily Low 30.66 / 11:46
Daily High 31.38 / 09:42
52 Week Low 18.65 / 28.11.2006
52 Week High 36.76 / 07.11.2007
13.61 GBpounds

[waldron] 11/11/2007 09:59

Posted on Sun, Nov. 11, 2007


2 funds first in U.S. to hold infrastructure
By Sree Vidya Bhaktavatsalam

Bloomberg News

U.S. Global Investors and Kensington Investment Group opened the first U.S. mutual funds focused on companies expected to profit from $30 trillion of projected infrastructure spending in the next two decades.
The funds mirror private pools set up by Goldman Sachs Group Inc., Old Lane L.L.C. and Macquarie Bank Ltd., which raised a combined $17 billion last year. They will invest in companies involved in building and operating infrastructure such as roads, power plants and water systems.

The U.S. Global MegaTrends Fund, overseen from San Antonio, Texas, has returned 3.7 percent since opening Oct. 1. Kensington's Global Infrastructure Fund, run from Orinda, Calif., has risen 12 percent since it began trading at the end of June. The Standard & Poor's Global Infrastructure Index has climbed 23 percent this year, four times that of the broader S&P 500 Index of U.S. stocks.

Countries are "pouring a great deal of money into infrastructure, and will continue to do so, so there is a case to be made for companies that will be beneficiaries of this boom," said Michael Herbst, an analyst at the research firm Morningstar Inc. in Chicago.

The funds hold a mix of developed- and emerging-economy companies including Switzerland's ABB Ltd., the world's largest builder of electricity networks, and Hong Kong-based port owner China Merchants Holdings (International) Co. ABB has soared 76 percent in dollar terms this year, and China Merchants has jumped 71 percent.

The U.S. Global Investors and Kensington funds have a combined $79 million in assets. State Street Corp. in Boston has offered an infrastructure exchange-traded fund since January.

U.S. Global Investors changed the strategy of an existing fund, the U.S. Global Accolade MegaTrends Fund, to focus solely on infrastructure stocks. The managers of the revamped MegaTrends fund - Frank Holmes, John Derrick, Jack Dzierwa and Romeo Dator - had 90 percent of the fund in U.S. stocks as of Sept. 30, the date of its most recent regulatory filing.

They plan to shift a majority of assets to China, India, Russia, the Middle East and Latin America, where infrastructure needs are increasing because of the demands of growing economies, Derrick said. The Morgan Stanley Capital International Emerging Markets Index has climbed 41 percent this year, compared with 4 percent for the S&P 500.

China, the fastest-growing Asian economy, will invest $132 billion a year through 2010 to support an urban population with more railroads, highways and electricity systems, according to Macquarie Bank Ltd. in Sydney. India needs to spend about $100 billion a year over five years to sustain economic growth.

Countries around the world will lay out an estimated $30 trillion through 2032, the Macquarie report said. Much of that will come from emerging economies.

Besides ABB, the U.S. Global fund owns a stake in Chicago-based Exelon Corp., the largest producer of nuclear power in the United States. The company's stock has gained 33 percent this year.

Dzierwa said his team was evaluating an investment in DP World Ltd., the Dubai-owned port company that may raise as much as $4.3 billion in an initial public offering this month. DP World had 2006 revenue of $2.1 billion, excluding joint ventures and associates. Sales for the six months ended June 30 were $1.2 billion.

"I am very optimistic about DP World," said Dzierwa, who returned from a visit to Dubai last month. "What's going on there is bigger in scale than the Internet boom."

At Kensington, which manages $1.7 billion mainly in real estate funds, manager Aaron Visse has invested 15 percent of the fund in the United States., and 11 percent each in Canada, Spain, Hong Kong and Germany. The rest is mostly in China and the United Kingdom.

"We are more invested in the developed markets now, but our long-term play is going to be Asia," Visse said.

The fund's biggest holding is Barcelona-based Abertis Infraestructuras SA, which accounts for 7.7 percent of assets. Shares of the highway operator have risen 19 percent this year in dollar terms, held back by uncertainty over Abertis' acquisition of Italian toll-road company Atlantia SpA. Abertis has almost quintupled in the last five years.

The Kensington Global Infrastructure Fund also has 5.2 percent of assets in Macquarie Airports, Australia's biggest owner of airports, whose shares have risen 50 percent this year.



--------------------------------------------------------------------------------

Infrastructure Funds
Global MegaTrends Fund

Managers: Frank Holmes, John Derrick,

Jack Dzierwa

and Romeo Dator.

Assets: $18 million.

Performance: Up

3.7 percent since Oct. 1.

Key holdings: ABB Ltd., Exelon Corp.

Ticker: MEGAX.

Kensington Global Infrastructure Fund

Manager: Aaron Visse.

Assets: $61 million.

Performance: Up

12 percent since

June 30.

Key holdings: Abertis Infraestructuras SA, Macquarie Airports.

Ticker: KGIAX.

SOURCE: Bloomberg News

Links powered by inform.com

[waldron] 09/11/2007 14:46

BSE launches power index

India Infoline News Service / Mumbai Nov 09, 2007 17:58

No. of scrips are 14. Represents about 90% market capitalisation of power sector companies from BSE 500 index


In the continued efforts of providing quality benchmarks, the Bombay Stock Exchange (BSE) has announced the launch of the BSE Power Index.

The index aims to track the performance of companies engaged into the business of generation, transmission, distribution of electricity, companies providing power infrastructure, and manufacturers of equipment required for power generation.

The BSE Power index will represent about 90% market capitalisation of power sector companies from the list of BSE-500 index.

The index will have 14 stocks. They are: BHEL, NTPC, Reliance Energy, Suzlon, Tata Power, , ABB, Siemens, Crompton Greaves, Power Grid, GVK Power, GMR Infrastructure, Torrent Power, Areva T&D and CESC.

The BSE Power index would be calculated and disseminated on a real time basis through BSE's trading terminal BOLT, BSE web site and datafeed vendors effective November 9.

[waldron] 09/11/2007 10:43

ABB wins 180 mln usd power order in Namibia
Date : 09/11/2007 @ 10:24
Source : TFN


ABB wins 180 mln usd power order in Namibia




ZURICH (Thomson Financial) - ABB Ltd said it has won an order worth 180 mln
usd from the Namibian national power utility, NamPower, to connect two parts of
the country's power grid and strengthen electricity networks in southern Africa.
NamPower is building a 350 kilovolts, 300-megawatt transmission link between
the northeastern Caprivi region and the power network in central Namibia.
The link will also interconnect the electricity networks of Namibia, Zambia,
Zimbabwe, the Democratic Republic of Congo, Mozambique and South Africa to
create an alternative route for power imports and exports to and from
neighbouring countries.
This project marks the first time a technology called HVDC Light system -- a
high-voltage direct current transmission technology -- will be used for long
overhead transmission lines, said the Swedish-Swiss engineering group.
The system is scheduled to be in operation by the end of 2009.

[e-mail]
hmn/jag

[waldron] 08/11/2007 09:41

Invensys H1 profits up 19 pct on strong process and rail group showing UPDATE




(adds company comment, analyst comment, share price detail)
LONDON (Thomson Financial) - Engineering firm Invensys PLC reported a 19 pct
increase in half-year operating profit on strong performances from its Process
Systems and Rail Group units, despite around 16 mln stg worth of foreign
exchange losses.
The company's second-quarter pretax profit slumped to 27 mln stg from 48 mln
last time but its half-year pretax jumped to 62 mln stg -- up from last time's 8
mln after 55 mln worth of charges relating to the 2006 refinancing and crediting
a foreign exchange gain of 27 mln.
The company's revenues increased 7 pct to 1.063 bln from 1.036 bln last
time, below expectations, while EPS jumped to 7.2 pence from 4.3 pence during
the same period last year.
Invensys said second-quarter sales rose 5 pct to 543 mln stg from 534 mln
last time and said it was confident the firm would continue to make good
progress over the remainder of the year. However, the company confirmed it was
hit hard by the impact of the weakened US dollar.
"Trends show further weakness in the US dollar but we have been hit in a
transactional sense and through translation. Every cent movement has an impact
of around half a million pounds on us. We are concerned about the dollar,
absolutely," Ulf Henriksson, the group's chief executive told reporters on a
conference call this morning.
The company last month sold its APV business -- a supplier of process
engineering solutions for the food, beverage, pharmaceutical and healthcare
industries -- to SPX Corporation for 250 mln stg.
"The sale of APV will strengthen our financial position further and enables
us to focus management attention more on our other operations as we seek to
become a more sustainable, higher performing and cohesive business," said
Henriksson.
The company said exceptional items in the half year totaled 12 mln stg and
comprised of restructuring costs of 10 mln and property, plant and equipment
costs of 2 mln, both relating mainly to the European and North American Controls
businesses.
Process Systems generated revenues of 379 mln stg over the period, compared
to 363 mln last time with orders for the half year up 5 pct. Eurotherm saw
revenues edge up to 54 mln stg from 53 mln and Invensys said orders in the
division were up 6 pct.
The rail group saw strong demand over the period and its sales jumped to 293
mln stg from 248 mln. The company said it expects the UK, Iberian and Australian
markets to maintain the current strong levels of revenue, although the future of
Metronet in the UK remains uncertain.
Controls' revenues slumped to 337 mln stg from 372 mln last time primarily
due to the exit from certain low margin markets and the effect of the US new
residential construction market. The firm said that although it had make
cut-backs in the unit previously, it did not envisage having to make any jobs
losses.
"There has been rationalisation in Controls and there have been job cuts in
the past but there are no more planned now," added Henriksson.
Invensys has been talked about as a possible takeover target for Swiss
engineering rival ABB. The company said it had not received any approaches,
however, and said it was looking at making some further smaller bolt-on
acquisition itself.
"We have had no approaches for the company as a whole," said Henriksson. "At
the moment we have a limit of 20 mln a year in terms of acquisitions and in
March but we're looking to selectively invest and at making some bolt-on
acquisitions."
Despite the positive outlook in Process Systems, Andrew Carter, an analyst
at Landsbanki said the "disappointing quarterly results will make it more
difficult for Invensys to achieve either a beneficial exit from Controls or an
attractive refinancing".
At 8.55 am shares in Invensys were 20-1/2 pence or 6.41 pct lower at 299.50
pence.

[e-mail]
rj/sal/rj/slm/rj/nes/rj/nes

[grupo guitarlumber] 03/11/2007 09:52

SCHNEIDER was up €0.48 to €94.94... Could be a potential target for ABB - SG - Broker says that despite ABB's huge cash position (SG estimates US$5.3 billion by year-end) and its vocal acquisition strategy since December 2006, the Swiss group has not made a single deal as yet. Given ABB's premium to sector multiples, believes the group may now decide to finance a deal partly in shares. The company says this obviously opens the door to potential targets even bigger than Legrand (Buy, €28 tgt) and Rockwell. In particular, believes that the company , which trades at a 2008 P/E of 11.8x vs ABB's 19.1x, could be a very attractive target. Estimates ABB could easily pay a premium of 30% on the company 's current share price.

[grupo guitarlumber] 02/11/2007 10:09

Paris shares TFN market data at 10.40 am; shares fall on credit, inflation fears
Date : 02/11/2007 @ 10:03
Source : TFN


Paris shares TFN market data at 10.40 am; shares fall on credit, inflation fears




PARIS (Thomson Financial) - Market data at 10.40 am:

Major indices:
CAC-40 down 40.14 points or 0.70 pct at 5,690.55
SBF-80 down 38.63 or 0.56 pct at 6,809.54
SBF-120 down 28.60 or 0.68 pct at 4,147.25

7 CAC-40 stocks up
1 CAC-40 stock unchanged
32 CAC-40 stocks down

Major gainers:
-France Telecom, up 0.29 eur or 1.15 pct at 25.47. Defensive stocks are
outperforming as investors flee risk in today's bearish market
-Schneider Electric, up 0.85 or 0.90 pct at 95.13. In a research note this
morning, analysts at Societe Generale raised the possibility of a buyout of the
French electrical equipment-maker by Switzerland's ABB
-CGG Veritas, up 2.80 or 1.30 pct at 218.30. Morgan Stanley today initiated
coverage of the group with an 'overweight' rating and price target of 290 eur

Major losers:
-Dexia, down 0.53 or 2.57 pct at 20.08, extending yesterday's heavy losses.
UBS downgraded the Franco-Belgian bank to 'sell' from 'neutral' today, citing
deteriorating newsflow and fundamentals
-PPR, 3.71 or 2.74 pct lower at 131.85. SG Securities downgraded the retail
group tp 'sell' from 'hold' in a sector note this morning
-Hermes, down 2.63 or 2.92 pct at 87.40. SG Secs also cut Hermes to 'sell'
from 'hold' in the same sector note

Most active stocks:
-Alcatel-Lucent, down 0.08 or 1.26 pct at 6.26. 3.87 mln shares traded
-Natixis, down 0.15 or 1.05 pct at 14.07. 2.11 mln shares traded


[e-mail]
vb/ajb

[grupo guitarlumber] 02/11/2007 06:58

Danaher Prices 6 mln Shares Offering at 82.25 usd




WASHINGTON (Thomson Financial) - Danaher Corp said it has set the price of
its proposed public offering of 6 mln shares at 82.25 usd a share.
The company said it expects net proceeds of about 478.0 mln usd, after
expenses and assuming a 900,000 share greenshoe option is not exercised.
Danaher intends to use the proceeds to fund, in part, its pending
acquisition of Tektronix Inc, and for general corporate purposes.
The offering is expected to close on Nov 7.
[e-mail]
hjp

[grupo guitarlumber] 29/10/2007 14:23

ABB "buy," target price raised

Monday, October 29, 2007 6:26:20 AM ET
Deutsche Bank

LONDON, October 29 (newratings.com) - Analyst Martin Wilkie of Deutsche Bank reiterates his "buy" rating on ABB Ltd (ABJ.ETR), while raising his estimates for the company. The target price has been raised to CHF39.

In a research note published this morning, the analyst mentions that ABB has posted its 3Q07 orders ahead of the consensus, exhibiting the company's exposure to the rising global power T&D investment. ABB has indicated that its order trends would continue to be robust until at least mid-2008. The revenue estimates for 2008 and 2009 therefore have been raised by 3% and 7%, respectively. The EPS estimate for 2009 has been raised by 11%.

[grupo guitarlumber] 29/10/2007 08:58

ABB, the world's largest builder of electricity networks, had its share-price estimate raised 8.6 percent to 38 francs at Merrill Lynch. Deutsche Bank AG also lifted its price forecast 8.3 percent to 39 francs.


source: Bloomberg

[grupo guitarlumber] 28/10/2007 20:36

STOCKWATCH ABB Leads SMI for Second Consecutive Day Amidst Ratings Hike

AFX-UK, 2007-10-26



ZURICH (Thomson Financial) - Shares in ABB led the Swiss Market Index for a second consecutive day as analysts hiked their price targets for the stock on the back of the Swedish-Swiss engineering group's strong third-quarter performance.
At 9.25 am, ABB stock rose 0.56 sfr, or 1.7 pct, to 34.16, after hitting an all-year-high of 34.38.

Meanwhile, the SMI was 17.77 points down at 8,899.68.

UBS hiked the price target to 38 sfr from 35, keeping its rating at 'buy'.

UBS also upped its earnings per share (EPS) estimates, citing the company's higher margin expectations, as well as lower interest and tax rates for the hike.

ING also raised the price target to 38.50 sfr from 33.00, with a rating 'buy', pointing out that ABB had demonstrated quarter-after-quarter that it is the best-performing company in its sector.

Goldman Sachs upped ABB's price target to 32.90 sfr from 31.40, with a 'neutral' rating.

It also raised ABB's EPS prognosis for 2007-2009 following the publication of the engineering firm's third-quarter earnings.

JP Morgan increased ABB's EPS estimates for 2007 and 2008, and raised the price target to 36 sfr from 35, with an 'overweight' rating.

Societe Generale, however, felt that the stock was overstretched, thus it cut ABB's rating to 'sell' from 'hold'. However, it hiked the price target to 30 sfr from 28.

Yesterday, ABB reported a significantly improved third-quarter net profit of 738 mln usd, up from 397 mln usd in the same period last year, driven by continued growth in demand, particularly for power infrastructure and further operational improvements.

The result topped consensus forecasts by a wide margin.

Analysts had expected net profit to reach 551-744 mln usd, or an average of 658 mln usd.

[e-mail]

hmn/sal

[grupo guitarlumber] 28/10/2007 18:54

2008

February 14 Fourth-quarter and full-year 2007 results
April 24 First-quarter 2008 results
May 8 Annual General Meeting Zurich/Switzerland
May 9 Annual general information meeting Västerås/Sweden
May 14 Ex-dividend date
July 24 Second-quarter 2008 results
October 23 Third-quarter 2008 results

[grupo guitarlumber] 27/10/2007 08:50

ABB : UBS relève son objectif

26/10/2007 - 13:43 - UBS a rehaussé de 35 à 38 Francs Suisses son objectif sur le groupe d'ingénierie ABB, dont il conseille toujours d'acheter l'action.


source: Boursier

[grupo guitarlumber] 27/10/2007 08:49

enjoy your weekend She

trust you are well albeit very quiet

cheers