Arcontech Share Discussion Threads

[johnwwwilkinson] 27/2/2004 01:53

I JUST HAD TO POST THIS ONE!!!!! (may take a while to load) :-O

"I can't imagine one country in the world could screw up the economy this much. What the hell are they building over there?" says Don Lawrence, purchasing agent for George L. Wilson & Co., a Pittsburgh building materials distributor. "China is basically screwing up the world market for steel prices right now."

[jjrpigeon] 22/2/2004 14:52

grupo were do you see this getting to, see there is such a lot of competition out there.

[grupo guitarlumber] 21/2/2004 07:53

LONDON, February 20 (New Ratings) - Analysts at Ibersecurities maintain their "buy" rating on Arcelor (LOR

[ariane] 19/2/2004 19:11

you can say that again

LONDON, February 17 (New Ratings) - Analysts at Ibersecurities issue a "buy" rating on Arcelor (ARR)

[maywillow] 19/2/2004 18:38

Things are getting better all the time.

[maywillow] 19/2/2004 18:26

Birdman,





It seems that at 14.75 euros it has hit some resistence. There seems to be some profit taking.

If it can't get through 15.35 euros convincingly,it will fall back through 13 euros.

In the longer term once it breaks 15.35 euros then moves through 17.00,25.00 and 31 euros seem a possibility.

[jjrpigeon] 19/2/2004 17:35

by the way maywillow where do you see this going to if thats not to rude of me.

[jjrpigeon] 19/2/2004 17:32

maywillow thanks, i asked for some news and you replyed once again thanks and good luck.

[maywillow] 19/2/2004 11:36

PARIS (AFX) - Arcelor chief executive officer Guy Dolle said there is no
reason to be pessimistic for the second half of 2004.
Speaking at the company's annual news conference, Dolle reiterated he
expects steel prices to continue to rise in 2004.
Arcelor yesterday said it swung to a net profit of 257 mln eur in 2003 from
a net loss of 121 mln eur in 2002, reflecting merger synergies of 405 mln eur
and lower net debt.
Dolle yesterday said he expects the company to report a 'good' performance
in the first half of 2004, but he was not more specific.
[e-mail]
lwl/hjp

[maywillow] 18/2/2004 22:14

recasts, adds details of merger synergies)
PARIS (AFX) - Arcelor said it swung to a net profit of 257 mln eur in 2003
from a net loss of 121 mln eur in 2002, reflecting merger synergies of 405 mln
eur and lower net debt.
But net profit was at the lower end of analyst forecasts cited by JCF in
Paris of 229-692 mln.
The company said full-year operating results include extraordinary charges
of 543 mln eur related to the restructuring of its flat carbon steel and
stainless sectors as well as asset depreciation for its US unit J&L.
Sales totalled 25.923 bln eur in 2003, down from 26.594 bln eur in 2002.
EBITDA rose to 2.228 bln eur from 1.978 bln eur a year earlier, while
operating profit fell to 738 mln eur from 780 mln eur.
Net debt stood at 4.464 bln eur at end-2003, down from 5.993 bln eur at
end-2002.
The company said it plans to pay a dividend of 0.40 eur per share on 2003,
up from 0.38 eur in 2002.
Arcelor said synergies from the merger ofUsinor, Arbed and Aceralia
totalled 405 mln eur in 2003, noting results were also bolstered by involvement
in such growth markets as Eastern Europe, Turkey, China and Brazil.
Looking forward, Arcelor said it expects steel price increases to continue
in 2004.
Chief executive Guy Dolle said he expects a 'good' performance in the first
half due to an increased business volume.
The company also said it has signed an agreement with Bagoeta, which is the
majority shareholder of Conducciones Y Derivados SA (CONDESA), for the sale of
its tubes business. Financial terms of the transaction were not disclosed.
Arcelor's tubes business had sales of 587 mln eur in 2003.
By division, Arcelor's flat carbon steel business had operating profit of
774 mln eur in 2003, up from 216 mln eur a year earlier, while sales rose to
13.994 bln eur from 13.222 bln eur.
Long Carbon Steel reported operating profit of 311 mln eur, down from 430
mln eur a year earlier, while sales rose to 4.381 bln eur from 4.256 bln.
Stainless steels, alloys and specialty plates had an operating loss of 463
mln eur compared with an operating profit of 45 mln eur in 2002, largely due to
extraordinary charges of 479 mln eur for the asset depreciation of its J&L US
unit.
The unit's sales fell to 4.280 bln eur in 2003 from 4.248 bln eur a year
earlier.
The Distribution, Tranformation and Trading division posted an operating
profit of 124 mln eur in 2003, down from 209 mln eur a year earlier, while sales
fell to 7.954 bln eur from 9.444 bln eur.
[e-mail]
lwl/jsa/hjp

[maywillow] 18/2/2004 07:37

PARIS (AFX) - Arcelor said its debt reduction programme is well ahead of
schedule, allowing it to consider acquisition opportunities in 2004.
Arcelor's 2003 debt reduction will be "much better" than its target of 700
mln eur by end-2003, chief executive Guy Dolle told daily La Tribune in an
interview.
Arcelor releases full-year results later today after market close.
He said the news "will surprise the market" but that while Arcelor will
gradually start thinking about external growth again, this new financial
flexibility must be used prudently.
"Our main growth priority remains Brazil where we are already well
represented, but through subsidiaries or minority shareholders... It remains to
be seen when will be the best moment to build up our presence."
Regarding sector consolidation, Dolle said a possible scenario in ten years'
time will be four major players producing 40 pct of the world's steel, but that
"for Arcelor it is no longer possible to grow in Europe, at least in flat carbon
where we have a 35 pct market share... already too much for the European
Commission and its magic 40 pct" limit.
[e-mail]
mrg/jfr

[maywillow] 17/2/2004 13:17

Updating with further details, commission quotes)
BRUSSELS (AFX) - The European Commission said it has cleared the acquisition
by ThyssenKrupp AG and Arcelor SA of Belgian internet-based services group Steel
24-7.
Steel 24-7 was setup by manufacturers ThyssenKrupp, Arcelor and Corus to
supply transaction services for the steel community, such as electronic
catalogues, requests for quotes, forward auctions and after-sales services.
The deal, which will see ThyssenKrupp buy Corus' shares to become a 50 pct
joint owner with Arcelor, will not cause serious competition problems, the
commission concluded.
"This is because only a small part -- less than 10 pct -- of the parent
companies' sales will be made via Steel 24-7," said the commission.
Sales via Steel 24-7 are to small clients who use the portal as a means to
deal directly with the steel manufacturers and avoid traders' fees.
Larger purchasers will continue to deal directly with the steel producers,
the commission concluded.
[e-mail]
adp/pav/

[jjrpigeon] 12/2/2004 20:24

i cant stand this, to many posts to read in this stock, one time this was awash with posts, now its dead so i just had to up date here to give my self confidence in ARC, please post here some one any news will do on what is going on with this company. many thanks in advance ?

[maywillow] 09/2/2004 08:37

MADRID (AFX) - Arcelor SA plans for half of its steel to be produced outside
Western Europe in the next ten years, Expansion reported, citing comments by CEO
Guy Dolle.
The newspaper cited Dolle as saying: "Our aim is for output in strategic
markets such as Brazil, the US, Eastern Europe and Asia to be equal to that in
Western Europe within ten years.
"LatAm is one of our main priorities, particularly Brazil, where we are
already very active in flat steel and stainless steel production," Dolle said.
Another key expansion area for Arcelor will be Eastern Europe, particularly
in light of the future EU incorporation of many countries from that region, he
noted.
"Although we have no plans to participate in upcoming privatisations in
Poland, we will need to keep a close eye on" the possible risks to our business
"due to the fact that labour costs are 10 times lower than the European
average," Dolle said.
Arcelor's plans for the US market include "studying the possibility of
buying a small company involved in the steel coating business... The next step
will be to enter the market as producers in the next 2-5 years," he added.
[e-mail]
jdy/jsa

[pljohnson] 07/2/2004 18:13

Impressive. Will look into more deeply over the weekend.

[deanf123] 06/2/2004 17:05

pill box , you said mid jan that this share would be worth 3/4p by the end of the week. it has since dropped by half a penny.

What happened? did you not SHOUT ABOUT IT ON ENOUGH BBS.....
Or is it just that so many people have filtered you they could not hear your SHOUTING???

[pill box] 06/2/2004 15:51

YOU GUYS NOT BOUGHT INTO EIC...EINSTEIN..WE ARE ABOUT TO GO BALLISTIC..WONT BE ABLE TO TOUCH IT AT TODAYS PRICE ...NEW DEAL BEING FINALISED...RNS ON THE WAY GET IN GUYS WE ARE GONNA FLY..KEEP WELL.....PILL BOX..

[data2] 06/2/2004 15:51

I dont travel but it looks to be a well organised site that is quick to load and easy to use. That must be helpful for those on the move.
I suppose it is a search engine of sorts, using AP news as the data. All that information at your fingertips must be useful for avoiding trouble.
Saves carrying a book around the place and its more uptodate.
I guess insurance companies must like it too as it hopefully reduces risk.
I assume HSBC gets a big discount on the retail price - but that can only be good to encourage more people to use it.

[data2] 06/2/2004 15:41

I must say, seems to be mostly buys at the moment.
I think something (Good) could happen here.

[prinnytoo] 06/2/2004 06:12

A small price to pay for security peace of mind. I have access to the site and can say that I find it invaluable.

[data2] 05/2/2004 23:15

Info from arc site

red24
The cost of the red24 membership is £80 per annum if you are a UK citizen, payable by credit card. If you are an Overseas resident, the premium is £85 per annum.

red24alert
The cost for an Individual Worldwide red24alert membership is £1,250 per annum and the payment methods are the same for the red24 membership. Private memberships of this premium product come with four member cards that can be distributed to family members.

Bulk purchase
If you are interested in purchasing red24 or red24alert for your employees or clients, please contact [e-mail] for further information.