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[waldron] 31/8/2007 08:02

French state mulls restructuring of Areva, Alstom, Eramet


PARIS (Thomson Financial) - The future of Areva, Alstom and Eramet is being
discussed at the highest levels of the French state, based on the idea of
forming a large group on a world scale, involving various French and foreign
industrial groups, Les Echos reported.
The names of Bouygues, Mitsubishi, Siemens, EDF and Total have been
mentioned, according to the business daily.
A reconstruction of Areva has been under consideration for the past month,
the report said, citing "several sources".
It noted that President Nicolas Sarkozy yesterday said that France's
expertise in nuclear energy is a considerable asset and "should be given the
resources to develop".
One option is for Areva to tie up with nickel miner Eramet, as the Duval
family, which holds 37 pct, is ready to sell to Areva, which already has 26 pct,
Les Echos said.
This could accelerate an opening of the capital of the nuclear group, in
which potential investors have apparently already expressed an interest, it
said.
If Areva bought the Duvals' Eramet stake and made a bid for the whole
company, the financing required would seem to necessitate an offering of Areva
shares on the stock exchange, according to the report.
However, other options also exist, it said.

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an/cm2

[waldron] 30/8/2007 04:54

Alstom "buy"

Wednesday, August 29, 2007 7:35:32 AM ET
Dresdner Kleinwort Wasser.

LONDON, August 9 (newratings.com) - Analyst James Stettler of Dresdner Kleinwort maintains his "buy" rating on Alstom (ticker: AOMD). The target price is set to €155.

In a research note published this morning, the analyst mentions that the company is benefiting from a recovery in the coal market. Alstom is also experiencing a significant rebound in gas turbines and has received orders for 30 units in the first five months of the current fiscal year, the analyst says. The company is well positioned to benefit from growth in all areas of the power generation market, Dresdner Kleinwort adds.

[cat100] 30/5/2007 12:23

I sold these yesterday at €114.59

[via con] 10/5/2007 15:11

Yes you´re right there. Should´ve taken your recommendation. Well done to you anyway.

[cat100] 30/4/2007 10:04

this is some chart

[cat100] 20/4/2007 09:50

Still getting the jobs. I think they will have capacity problems with their turbine business but will be able to ramp up the profit margin side to make up for lost growth .

[cat100] 22/1/2007 09:03

Alstom's first 9 months 2006/07: orders +34%, sales +10% - Strong growth supported by solid commercial activity
18 January 2007

Between 1 April and 31 December 2006, Alstom booked orders of €14.3 billion, an increase of 34% versus the first nine months of fiscal year 2005/06 on a comparable basis. For the same period, sales at €10 billion were up 10% on a comparable basis.

With orders at a high level (€4.7 billion), the third quarter of fiscal year 2006/07 confirms the positive trend of the first half of the year. Power Turbo-Systems / Power Environment recorded a very strong performance, with notably the booking of some large coal and gas turnkey contracts. The level of orders registered during the third quarter in Power Service was sound. Transport's orders during this third quarter were relatively low as some large awarded projects have not yet been booked.

Sales for the third quarter of fiscal year 2006/07 were up 15% compared with the same period of the previous year. Sales in Power Turbo-Systems / Power Environment and in Power Service were strong, while turnover in Transport is ramping up as anticipated .

The total backlog, now at €31 billion, represents around 28 months of sales.

"After a very strong order intake in the first half of FY2006/07, the commercial performance of this third quarter continues to be healthy, with a record activity for Power Turbo-Systems / Power Environment. Sales are increasing in all Sectors and the book-to-bill ratio at 1.4 gives visibility on future turnover. Following this positive third quarter, we confirm that sales for the full year 2006/07 should grow by more than 10%, on a comparable basis, from the level of last year", said Patrick Kron, Chairman & Chief Executive Officer of Alstom.

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[cat100] 15/1/2007 07:00

If anyone has these hold on tight. There is a world of new orders coming our way.

[cat100] 18/12/2006 10:09

Alstom wins first turnkey cogeneration order in Russia
15 December 2006

Alstom has won a contract with OJSC Mosenergo, a leading Russian utility, for its part in the turnkey delivery of a 420 MW generating unit at Mosenergo's combined heat and power plant*, TPP26, in Moscow.

The new unit No8 will increase capacity at the plant to 1830 MW. The project is part of Mosenergo's programme to develop Moscow's power network to meet the fast-growing needs for power and heat in the capital's region.

The contract will be carried out by Alstom in consortium with its Russian partner, Power Engineering Group Energomachinostroitelny Alliance (EMAlliance). This contract follows the strategic partnership agreement signed in October 2005 by Alstom and EMAlliance. Alstom's share of the total 280 million euros contract will be 170 million euros.

Alstom will provide an integrated power solution including the engineering, procurement, and commissioning of the unit. Major components to be delivered by Alstom include a multi-shaft combined cycle unit comprising a GT 26 gas turbine, steam turbine, two generators, one heat recovery steam generator and the control system for the entire facility.
EMAlliance will manage civil works and construction and will provide the balance of plant, including the cooling tower, electrical equipment, heat exchangers and piping for district heating system.

The power generating unit is scheduled to be in commercial operation in 2009.

Patrick Kron, Chairman and Chief Executive Officer of ALSTOM, declared today during the signature ceremony in Moscow: "ALSTOM is proud to help Russia meet its fast-growing needs for power with the most up-to-date combined cycle power-generating technology. This turnkey project has no counterpart in the Russian power industry. It will produce electricity at a high efficiency rate, thus dramatically reducing CO2 emissions in comparison with other power plants."

* Cogeneration is an efficient, clean, and reliable approach to generating power and thermal energy from a single fuel source. It uses heat that is otherwise discarded from a conventional power generation to produce thermal energy. This energy is used to provide cooling or heating for industrial facilities, district energy systems, and commercial buildings. By recycling this waste heat, cogeneration systems achieve effective electrical efficiencies. Cogeneration's higher efficiencies also reduce air emissions of nitrous oxides, sulphur dioxide, mercury, particulate matter, and carbon dioxide, the leading greenhouse gas associated with climate change.

[cat100] 11/12/2006 11:24

Alstom signs 240 million euros order in Sweden to supply 49 regional trains
07 December 2006

Skånetrafiken, the public transport operator in southern Sweden's Skåne (Scania) region, has announced that it has selected Alstom to supply it with CORADIA LIREX regional trains. The order is worth a total of about 240 million euros and will see 49 trains delivered, with an option to be determined.

The trains will be designed and assembled at the Alstom site in Salzgitter, Germany, while the ONIX traction system will be manufactured in Charleroi, Belgium. Delivery of the trains is scheduled for the second half of 2009.

By purchasing the new trains, Skånetrafiken will improve and update its regional train fleet. Over the last few years, passenger numbers have increased by 10 to 15% per year, while rail services make up over half of the region's public transport network. The new trains will also mean increased comfort for passengers, with improved accessibility thanks to lower floors with a no-step design. What's more, CORADIA LIREX trains are up to 95% recyclable, in line with Alstom's environmental policy.

Since the first contract in 2002, Alstom has sold 157 of CORADIA LIREX trains in Europe, including this new order. It confirms the success of these trains, which are specially designed for extreme winter weather conditions. In Sweden, CORADIA LIREX have been in service in the greater Stockholm area since August 2005.

[cat100] 04/12/2006 08:24

Thats a nice bit of news Ariane .

[ariane] 01/12/2006 18:07

Bouygues has raised Alstom stake to 25.07 pct vs 24.4 pct - AFM
PARIS (AFX) - Bouygues SA has recently raised its stake in Alstom to 25.07
pct, with an equal amount of voting rights, from its previous holding of 24.4
pct, the financial markets regulator AMF said.
In June, Bouygues acquired a 21 pct stake in Alstom from the French
government, who had taken a minority stake in the engineering and power group as
part of a financial rescue plan in 2004.
The company has been steadily buying more Alstom shares on the market since
then, prompting speculation that a full takeover bid could be in the works.
In September, Bouygues CEO Martin Bouygues said that he had no plans to
launch a takeover offer "for now."



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afp/js/lam

[ariane] 29/11/2006 19:55

Alstom, Areva Shares Rise on Bouygues Speculation, EU Ruling

By Nicolas Johnson

Nov. 29 (Bloomberg) -- Shares of Alstom SA and Areva SA, French makers of power stations, rose amid speculation that Bouygues SA may make a bid and on prospects that European Union air pollution restrictions may boost orders.

Shares of Alstom, which supplies pollution-control systems, jumped as much as 6.9 percent, lifting its market value to 11.9 billion euros ($15.7 billion). Areva, the world's biggest maker of nuclear reactors, rose as much as 5.6 percent. Bouygues, which dismissed the takeover talk, advanced 2 percent.

Bouygues, the world's second-biggest construction company, said two weeks ago it may consider selling its mobile-phone unit to bid for Areva if the French state sells the company. The builder, also Alstom's biggest shareholder, may sell the phone unit to bid for that company, traders said today.

``It's just a rumor, but it makes sense,'' said Pedro Alves, who helps oversee $120 million in assets, including Alstom stock, at Spot Gestao Financeira in Braga, Portugal.

Alstom shares were trading up 4.6 percent at 85.3 euros as of 2:33 p.m. in Paris. Shares of Bouygues, which has said it aims to raise its stake in Alstom to 33 percent from 24 percent, gained 87 cents to 45.23 euros, valuing the company at 15.3 billion euros.

``This rumor is completely groundless and we deny it,'' Bouygues spokeswoman Blandine Delafon said of speculation that the company will sell its phone unit to buy Alstom.

The European Union demanded that nine member governments be harsher in capping the release of carbon dioxide, or CO2, beyond 2007 so it can ensure its emissions-trading regime creates an incentive to rein in pollution.

Improve Efficiency

``Everyone is working on the CO2 reduction aspect,'' said Stephane Farhi, a spokesman for Alstom. ``One way of reducing CO2 emissions is to improve the efficiency of power stations.''

Areva, which has less than 5 percent of its shares trade as non-voting investment certificates, was up 18 euros, or 3.3 percent at 562.5 euros, for a value of 19.9 billion euros. Rhodia SA, which sells rights to its carbone-dioxide emissions, gained as much as 5.1 percent.

To contact the reporter on this story: Nicolas Johnson in Paris [e-mail] .

Last Updated: November 29, 2006 09:00 EST

[cat100] 29/11/2006 18:09

Another nice day here in ALS land.

[ariane] 29/11/2006 15:13

Alstom Higher; C02, Bouygues Talk Cited

Wednesday, November 29, 2006 9:22:38 AM ET
Dow Jones Newswires



1303 GMT [Dow Jones] Alstom (1022047.FR) +5.5% at EUR86.05, with traders citing both the tough line by French government on carbon emissions and renewed talk that Bouygues (12050.FR) may try and increase its stake as drivers. The new C02 plans would mean demand for newer power generators plus more servicing of existing ones to make them more efficient, which "suits Alstom" as the maker of carbon emission cutting equipment, notes trader. Bouygues declines to comment specifically on whether it is buying Alstom shares at the moment, but says, "our intentions haven't changed since we said in June that we reserve the right to raise our stake but we have no intention of taking control." (PBA)

[cat100] 21/11/2006 22:44

via con I'm still holding these. You have a good memory . I will be sticking with Elan for a while yet. The market has to see the sales of Tysabri before it can rise. Well thats until aab-001 news. I believe things will pan out there ok. I have a lot riding on it so I'm either mad or crazy dont know which ;-) keep in touch

[cat100] 21/11/2006 22:38

See also in:French
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Alstom wins three major clean coal contracts in the US worth over 400 million euros
21 November 2006

Alstom has won three successive contracts worth over 400 million euros to clean emissions from ten coal-fired power stations in the states of Texas, Kentucky and South Carolina in the USA.

Alstom will supply emission control systems for eight new coal-fired 858 MW generating units that will be built in Texas by utility TXU. Each system will control sulphur dioxide (SO2), particulate matter, and mercury emissions. SO2 emissions from the new units will be 80% lower than the average U.S. coal-fired power plant. The plants are scheduled to begin operation from 2009 onwards. This contract is worth 280 million euros.

In Maysville, Kentucky, Alstom will supply an emissions control system for Unit 1 of East Kentucky Power Cooperative's H.L. Spurlock Power Station. This order follows East Kentucky's award earlier this year to Alstom for emission control equipment on Unit 2 at Spurlock. The order is valued at approximately 80 million euros. The system will reduce sulphur dioxide and particulate emissions from the existing 340 MW pulverised coal boiler. The new equipment is scheduled to commence commercial operation in 2009.

In South Carolina, in cooperation with AMEC and Zachry Construction, Alstom will supply an air quality control system to Cope Power Station for utility South Carolina Electric & Gas (SCE&G). The total order value is over 50 million euros. The system will reduce nitrogen oxides (NOx) from the existing 430 MW pulverised coal boiler. The plant is scheduled to commence commercial operation in January 2009.

Philippe Joubert, President of Alstom's Power Turbo-Systems/Power Environment Sector, said: "Coal is really back, particularly in the US, and Alstom is winning orders because we are, today, the sole company to offer the whole range of clean coal technology needed to meet and exceed stringent environmental legislation. Our world-leading position in clean coal is down to our many years of experience and development of these technologies, which cover the whole range of power station emissions."

[via con] 13/11/2006 10:48

Just thought I ´d pop in Cat to congratulate on your Als purchase. A very jolly rise from 4000 which did tempt me but I never bought in the end.
Que sera, sera.

Any way well done sir, I will undoubtably see on the ELA thread ( which btw I´m rather underwhelmed by its performance since Ty´s return )

Bon chance
cfh

[cat100] 13/11/2006 08:51

Alstom achieves strong performance during the first half 2006/07
13 November 2006

First half of fiscal year 2006/07 (1 April 2006 to 30 September 2006) was marked by a record level of activity, an improvement in profitability and an exceptionally high cash generation.

"The results of the first half of fiscal year 2006/07 are satisfactory. The level of orders registered over the period was remarkably high, as we managed to take advantage of favourable market conditions in power. Profitability continued to increase. A very high free cash flow has been generated, as a result of the strong commercial activity and a further improvement of the working capital. Alstom has entered into a new phase of profitable growth, that our fruitful cooperation with Bouygues will support", said Patrick Kron, Alstom's Chairman & Chief Executive Officer.

[cat100] 27/10/2006 09:10

Alstom signs major agreements in China for rail transport equipment and power generation
26 October 2006

Alstom signed major agreements in its two business areas of rail transport equipment and power generation during the visit of the President of the French Republic, Jacques Chirac, to China. These include the supply of 500 locomotives (300 million euros) and hydro-electricity generation equipment (100 million euros).

In the field of rail transport, Patrick Kron, Chief Executive Officer of Alstom, has signed a letter of intent with the Minister of the Chinese railways, M. Liu Zhijun, to manufacture the world's most powerful electric freight locomotives. The overall value of this contract totals 1.2 billion euros, with Alstom's share worth 300 million euros and its Chinese partner's, Datong Electric Locomotives, some 900 million euros.

The contract concerns 500 "Co-Co" (triple axle) locomotives based on Alstom Transport's Prima 6000. These locomotives will feature AC-powered engines, with a nominal power of 9600 KW, enabling speeds of 120 km/74 miles per hour when hauling up to 8000 metric tons.

Alstom will be responsible for designing and industrialising these locomotives. Most of the production and quality control of the first 100 units will be carried out at the Belfort (France) plant, the Group's worldwide locomotive and engineering centre of excellence, which employs 600 people. Alstom will also provide technical training for its partners and manufacture spare parts and electronic components at its European sites (Charleroi in Belgium and Tarbes, Villeurbanne, Le Creusot and Ornans in France).

The remaining 400 locomotives will be built at the Datong Electric Locomotives site in China. This company has already partnered Alstom in a 2005 contract to manufacture 180 BoBo electric (twin axle) locomotives.

These agreements take place in a long tradition of partnerships with Chinese railways. Alstom signed its first contract to supply 25 electric locomotives in 1958 and since then, has become the leading foreign partner in rail development in China. In 2004, Alstom won an order for 60 EMU high-speed trains (224), another for 180 Prima locomotives (2005) and numerous contracts for the Nanjing and Shanghai metros. Alstom will also supply in 2008 the signalling for line 2 of the Beijing metro and the link between Beijing and its international airport.


In the field of power generation, Alstom has signed three contracts with Chinese partners to supply hydro-electric equipment for pumped storage plants located in Hohhot (Inner Mongolia) and Pushihe (Liaoning province) and for the Longkou hydro plant in the Shanxi province, for a total of 100 million euros.

Contracts for the Hohhot and Pushihe power plants have been signed with the Dongfang and Harbin companies respectively, and cover the supply of main equipment for four 300 MW turbogenerators for each of these two plants.

The Longkou power plant contract has been signed with JME Engineering Company, for the Yellow River Wanjiazhai Hydro Corporation, to supply four 100 MW turbogenerators.

These orders further strengthen Alstom's position as the leading supplier in hydro-electricity with 25% of the Chinese market, the largest in the world.

Alstom has already participated in major projects in the hydro-electric sector in China, such as the Three Gorges Dam, the Guangzhou 1, Huizhou (Guangdong), Bailianhe (Hubei) and Baoquan (Henan) pumped storage plants. The Group's development in China is assured by its unit based in Tianjin which has the capacity to design and produce a full range of hydro-electric equipment of up to 800 MW per unit. This unit operates in tandem with specialist R&D centres in Grenoble and Levallois (France) and Birr (Switzerland).


Alstom has been operating in China for over fifty years, where it employs 2,800 people. The Group's orders in China for the 2005/2006 financial year are worth over 800 million euros.

[cat100] 17/10/2006 09:55

And there is more to come.