Altus Strategies Share Discussion Threads

[kaos3] 20/5/2022 08:26

Struggling to refinance? They had all the info on all aspects of the operation from the beginning. It is all in the family game. Mancha,ALS, Alpha stream.

I see it as ALS provided an expensive bridge financing (to ALS) for AlphaStream and giving up a majority control of those royalties next to taking burden of financing AlphaStream.

If it is good - why not keep it? When they got finance - they must have known how and when they will be able to repay the loan.

Or were they just flying blind from the beginning? I doubt it.

[the deacon] 20/5/2022 07:53

Not particularly happy about today's news. Clearly struggling to refinance and having to sell off some royalty interests to raise cash.

[waldron] 20/5/2022 06:02

ALSTOM : JP Morgan gives a Buy rating
05/19/2022 | 08:44pm BST


In a research note published by Akash Gupta, JP Morgan advises its customers to buy the stock. The target price remains set at EUR 38.

[the grumpy old men] 18/5/2022 07:59

Alstom Wins $2.7 Billion Contract To Build New Metro Line In Israel

[florenceorbis] 12/5/2022 09:49

In a research note published by Akash Gupta, JP Morgan advises its customers to buy the stock.


The target price continues to be set at EUR 37.50.

[waldron] 11/5/2022 17:13

PARIS (Agefi-Dow Jones)--The chairman and CEO of Alstom,
Henri Poupart-Lafarge, said on Wednesday that the railway equipment
that the railway equipment maker was not considering a capital increase, even though
the prospect has weighed heavily on the group's stock in the day.
day.



"Let me clarify what has been said: our forecasts are fully in line with our
fully in line with our trajectory [which is] to maintain an
an investment grade rating. No capital increase is planned," the executive said.
No capital increase is planned," the executive said.



Comments made on Wednesday morning had sown doubt among investors
among investors, as the group reported a net loss for the
for the 2021-2022 financial year due to exceptional items.
items.



After opening up 8%, the share price fell by up to 8.2% on Wednesday.
8.2% on Wednesday. It was only down 3.6% at around 5.10pm.



According to one analyst, "there is still nervousness on the part of the
There is still nervousness in the market due to fears of a capital increase," said one analyst. "But it would
But Alstom would have to deviate sharply from its financial trajectory
for this call to the market to happen".



"The group's financial trajectory up to 2025 shows a rapid
rapid deleveraging," confirms Jean-Louis Sempé, an analyst
analyst at Invest Securities.



Alstom reported a positive free cash flow of
469 million in the second half of its financial year,
after having to disburse €1.46 billion in the first six months due to investments
months due to investments needed to stabilise legacy Bombardier Transportation
projects inherited from Bombardier Transportation.



According to Citi, the market may have believed that the cash generation
generation in the second half of the year was due to the group's pressure on
payment of its suppliers. But these fears are unfounded
according to the American bank. According to the bank, the improvement in cash
cash flow could instead reflect the group's progress on its projects
on its projects as well as accounting reclassifications of certain liabilities.
liabilities.



"Our balance sheet is relatively complex. But there is no manipulation.
manipulation. The quality of cash generation is excellent and
excellent and only due to the delivery of our projects around the
the world," Henri Poupart-Lafarge said in response to the comments.
comments.

[waldron] 11/5/2022 15:18

Awaiting further explanation from Alstom Directors regarding cashflows

[waldron] 11/5/2022 14:07

What was said at Alstom during the presentation of the accounts that turned a 9% rise in the stock market into an 11% fall?


investir.fr | Le 11/05/22 à 14:42 | Updated on 11/05/22 à 14:55


Alstom published this morning its accounts at the end of March. The presentation meeting began at 8:30am. At 9.04am, the train manufacturer's shares were up 9%, then they fell.



Alstom gained 9% in early trading, before dropping as much as 11%.

Such volatility was unheard of until today for the train and metro manufacturer, which published its accounts for the fourth quarter of 2021-2022, ending in March, before the opening.

The stock market had initially given a very warm welcome to the "good surprise on free cash flow" for the second half of the year, which came out better than expected, as noted by analysts Delphine Brault and Quentin Borie, for the private bank Oddo BHF.

But there was a dramatic change in mood during the earnings call, according to financial news agency Bloomberg.

Redburn analyst James Moore reports that management merely compared free cash flow generation in the second half of the year to that of the same period last year, refusing to answer questions from the financial community about the factors that drove the half-year increase.

He explained that management's proposal to provide offline clarification "did not promote investor confidence."



In a similar vein, William Mackie at Kepler Cheuvreux says that during the conference call, analysts and investors remained focused on the question of "how did free cash flow improve?" and, in the absence of an answer, concluded that the increase was due to "poor quality" factors that were not likely to be repeated.

Moreover, Alstom's management teams did not provide a clear forecast for the future.

Translated with www.DeepL.com/Translator (free version)

[waldron] 11/5/2022 12:40

Alstom FY22 Sales EUR15.47B
Published: May 11, 2022 at 2:12 a.m. ET
0

By Ed Frankl

Alstom SA said Wednesday that its fiscal 2022 sales and adjusted earnings increased on year on strong order growth.

The French train maker's adjusted earnings before interest and taxes, its key indicator, rose to 767 million euros ($807.8 million) in the 12 months to the end of March from EUR645 million in fiscal 2021.

Sales rose 76% to EUR15.47 billion, while its order intake more than doubled to EUR19.26 billion.

The Paris-based company's net income, which doesn't include adjustments related to its merger with Bombardier Transportation, swung to a loss of EUR581 million from a profit of EUR247 million last year.

Nevertheless, Alstom said it will propose a dividend of EUR0.25 a share at the next shareholders' meeting in July.

The company provided outlook for its 2023 fiscal year, including sales growth, a book-to-bill ratio above 1, and an adjusted EBIT margin increase on-year.

It also aims for positive free cash flow generation in fiscal 2023, after cash outflow of EUR992 million in fiscal 2022.

In its midterm guidance, Alstom raised its synergies targets to EUR475 million-EUR500 million annually from fiscal 2026 onward, though it flagged economic and political uncertainties potentially weighing on business activities in the short term.

Write to Ed Frankl at [e-mail]

[waldron] 11/5/2022 11:48

Jefferies analyst Simon Toennessen maintains his Buy rating on the stock. The target price remains unchanged at EUR 36.

[waldron] 11/5/2022 11:47

Analyst Guillermo Peigneux Lojo from UBS research considers the stock attractive and recommends it with a Buy rating. The target price is still set at EUR 44.

[waldron] 11/5/2022 08:39

Alstom Lifted by Strong Sales, Orders


Alstom posted improved adjusted earnings in 2022, thanks to a 76% increase in sales and orders that more than doubled to EUR19 billion.

[waldron] 09/5/2022 18:20

RAILJOURNAL.COM

May 9, 2022
Written by Robert Preston

Alstom rolls out first RRTS train at Savli
Train features 100% Indian components.


ALSTOM has rolled out the first of 30 six-car electric trains that it is supplying for the standard gauge Delhi - Ghaziabad - Meerut rail corridor that the National Capital Regional Transport Corporation (NCRTC) is developing as part of its Rapid Rail Transport System (RRTS) project.

With a maximum speed of 180km/h, the new fleet is expected to cut journey times over the 82.5km between Delhi and Meerut by 40%.

The RRTS trains are fully air-conditioned and feature 2+2 transverse seating, in-car CCTV, on-train Wi-Fi and USB charging points. Dynamic route displays will keep passengers informed as their journey progresses.

Under a contract worth €436m inherited through its takeover of Bombardier, Alstom has completed the first train in less than 12 months since the start of production at its plant at Savli in Gujarat state.

Alstom says that first RRTS train is “100% made in India.” Traction and other electrical equipment is manufactured at the company’s factory in Maneja, Gujarat, while Savli is manufacturing bogies and car bodies and is responsible for train testing.

“It is a proud moment for all of us to witness the roll out of the RRTS trainset,” says India’s minister for housing and urban affairs, Mr Hardeep Singh Puri. “Designed in India, made in India, made for India – it is the perfect demonstration of the prime minister’s Make in India initiative.”

“We are proud to reach another key milestone in making India’s first semi high-​speed regional commuter service a reality,” says Alstom India managing director, Mr Alain Spohr. “Our trains and ETCS signalling systems will ensure safer and seamless inter-city commutes, benefitting millions of people and contributing towards socio-economic development.”

The January 2022 edition of IRJ includes an in-depth interview with Vinay Kumar Singh, NCRTC managing director, who speaks on the innovative approach to project management for the RRTS programme. Website subscribers can read the article here.

For detailed data on fleet orders from around the world, subscribe to IRJ Pro.

[the grumpy old men] 08/5/2022 09:16

INTERNATIONRAILWAYJOURNAL

IRJ


May 8, 2022
Written by David Burroughs

Alstom to maintain Alpha Trains locomotives in Benelux and Germany

The contract extends an earlier agreement that started in October 2021.


RAIL leasing company Alpha Trains has signed an eight-year maintenance contract with Alstom to provide locomotive maintenance in Belgium, the Netherlands, Luxembourg and Germany.

The contract extends an agreement that began in October 2021 to maintain 50 locomotives, which has now been increased to 70.

Alstom will use its sites at Antwerp, Bruges and Rotterdam to maintain the locomotives, which are mainly used on European Rail Freight Corridors 1, 2, 3, 7, 8 and 9.

Alstom says it will provide preventive and corrective maintenance, long-term improvement actions for the fleet as well as access to Alstom’s mobile teams, who can be on site very quickly in the event of a breakdown.

Alstom will also use its extensive network of depots located along the main rail freight corridors in Europe and the supplier says the contract will enable Alpha Trains to offer greater fleet reliability, availability and flexibility.

“For Alstom, this enhanced collaboration is an opportunity to optimise its relationship with Alpha Trains, and to further strengthen its maintenance services division and leverage its growing EU maintenance network,” says Mr Frank Strik, managing director services Benelux at Alstom.

[robertstronghand] 07/5/2022 11:09

Looking at their latest presentation there is a discovery bonus at SKO and there isn't any cap, so looking good, surprised there hasn't been an RNS to flag Northern Star's exploration results, assumed there wasn't as it wasn't relevant...

[diamond1] 03/5/2022 18:58

robertstronghand

Don't mention Kalgoorlie. One of my biggest ever losses involved 'Gold Mines of Kalgoorlie.' Run by Americas Cup competitor Alan Bond who ended up going to jail for fraud when G of K went bust. That's 30 years ago but it still hurts.

[robertstronghand] 03/5/2022 15:33

Apparently they have proposals for debt, we shall find out by June 30th.

Northern Star reported very impressive exploration results at Kalgoorlie, don't know whether this falls within the royalty we have at SKO?

Ballarat looks like they have called in some consultants to help them with the issues they have had. Was apparently factored in to the price for the royalty.

The Malian government has asked the French Forces to leave, as the Russians are asked to stay. Don't see any issues for Altus.

[adrian j boris] 29/4/2022 12:05

GLOBALRAILWAYREVIEW.COM

Alstom awarded maintenance contract by Alpha Trains Group for 70 locomotives

Alstom have been awarded a long-term maintenance contract by Alpha Trains Group to maintain part of its locomotive fleet for the next eight years.


Alstom has signed a long-term maintenance contract with Alpha Trains Group, one of Europe’s leading rail vehicle rental companies. Under this agreement, Alpha Trains has decided to trust Alstom’s expertise and know-how to maintain part of its locomotive fleet for the next eight years on the European corridor. The collaboration started with 50 locomotives in October 2021, and thanks to the very high-performance level and quality of maintenance offered by Alstom, this figure has risen up to 70 after only a few months.

This long-term contract with Alstom allows Alpha Trains to offer greater reliability, availability, and flexibility to its customers throughout Europe through the preventive and corrective maintenance, long-term improvement actions and access to Alstom’s mobile teams. These teams can be on site very quickly in the event of a breakdown. Alstom also has an extensive network of depots in Europe, located along the main rail freight corridors, allowing a decreased downtime of the assets and increased availability of the fleets, a crucial value for Alpha Trains’ customers.

“This contract with Alpha Trains is very important for us, it is proof of our customer’s trust in our services, and we are proud to be a long-term service partner,” Frank Strik, Managing Director of Services Benelux, said. “Alstom is the world leader in rail services, and this is a win-win situation for both parties. For Alstom, this enhanced collaboration is an opportunity to optimise its relationship with Alpha Trains, and to further strengthen its maintenance services division and leverage its growing EU maintenance network. We are very proud to have been selected by Alpha Trains Group.”

“We are delighted to have entered into a framework agreement with Alstom Benelux and Alstom Germany to maintain locomotives on a full-service basis,” Fernando Pérez, Managing Director of the Locomotives Division of Alpha Trains, said. “The agreement guarantees the high maintenance quality of Alstom, enabling Alpha Trains to offer the best reliability and availability of Traxx locomotives in Western and Central Europe.”

The collaboration between Alstom and Alpha Trains had already started, several agreements already existed at local level. But this is the first time that the two companies have signed a global long-term framework agreement for such business.

[kaos3] 29/4/2022 08:40

Our key objectives for 2022 are to:

- continue to grow the Company's revenues with the acquisition of further cash-paying royalties;

- continue to grow and realise value from our royalty generation activities across Africa;

----------------------
funded at LIBOR + 10 % short term loans provided by a related party ..

[misca2] 27/4/2022 21:41

Financial calendar


11 May 2022 07:30 (CEST)
Financial results
FY 2021/22 - Full year results

[waldron] 25/4/2022 16:58

UK’s ‘biggest train upgrade’ launches today with upgraded Pendolinos

By Jack Loughran

Published Monday, April 25, 2022

The UK’s “biggest train upgrade” is launching today, as the first train from a newly refurbished fleet enters service.

The £117m refurbishment will initially benefit passengers travelling on Avanti’s West Coast line from Manchester Piccadilly to London Euston.

The operator said they will “look and feel like new trains”, with more comfortable seats, a redesigned shop and better on-board information.

The tilting, electric powered Pendolinos, or ‘Pendos’, were originally introduced nearly two decades ago in July 2002 and could travel at faster speeds on curved tracks due to their unique design.

Customers onboard Monday’s 05:05 Manchester Piccadilly to London service were the first to travel on the upgraded Pendolino after which it made a round trip to Liverpool before coming into Euston for its launch ceremony. It will visit other destinations such as Birmingham, the Lakes, Glasgow and Edinburgh during its normal course of work.

Rail minister Wendy Morton said: “The iconic Pendolino is back and better than ever before. This refurbished version of the classic fleet is a fantastic example of our cutting-edge rail network and how our railways are leading the way in creating a cleaner, more environmentally friendly and modern transport system.”
Standard Class Refurbished Pendolino

Avanti West Coast took control of the line from Virgin Trains in 2019 after the latter’s bid was disqualified by the Department for Transport because it did not comply with the government’s terms on pension liabilities.

In addition to the trains, Avanti plans to refurbish some of its stations with new waiting rooms, better customer facilities, more car park spaces and greater accessibility for passengers with additional travel needs.

The £117m upgrade programme has been two years in the making and involved experts in technology, customer information and ergonomics.

It will see 25,000 new, ergonomic Standard Class seats, the conversion of one First Class carriage on each of the 35 eleven-carriage Pendolinos to provide more than 2,000 extra Standard Class seats, the introduction of a new onboard shop and improved lighting and new interior carpets.

Managing director of Avanti West Coast, Phil Whittingham, said: “This investment has been one of the key promises to our customers and they will see a dramatic transformation of our well-loved fleet. The refurbished Pendolinos look and feel like new trains with state-of-the-art technology as well as brand new seats that promise best-in-class comfort.”

The remaining 55 trains are to receive the same treatment, with the second set due back in service early next month. Rail manufacturer Alstom is undertaking the work at their new depot in Widnes in the North West, helping to secure 100 skilled jobs.

The upgrade programme will run until 2024 when the last of the 56 strong fleet is expected to leave Widnes.