Energiser Investments Share Discussion Threads

[waldron] 06/12/2019 17:24

Brent Crude Oil NYMEX 64.32 +1.47%
Gasoline NYMEX 1.65 +1.63%
Natural Gas NYMEX 2.35 -1.96%
(WTI) 59.13 USD +1.37%


FTSE 100
7,239.66 +1.43%
Dow Jones
28,006.88 +1.19%
CAC 40
5,871.91 +1.21%
SBF 120
4,623.22 +1.10%
Euro STOXX 50
3,692.34 +1.01%
DAX
13,166.58 +0.86%
Ftse Mib
23,182.72 +0.93%


Eni
13.77 +0.92%

Total
47.955 +1.75%

Engie
14.6 +0.72%

Orange
13.59 +0.22%

IAG
Price (GBX) 560.00 +2.08% (Up +11.40)

Bp
473.1 +1.67%

Vodafone
144.38 +0.08%

Royal Dutch Shell A
2,181 +1.70%

Royal Dutch Shell B
2,166 +1.86%

[adrian j boris] 06/12/2019 10:29

Engie's haircut weakens its CEO - DJ Plus
Engie (EU: ENGI)
Intraday Chart of the Action

Today: Friday 6 December 2019
More charts from the Engie Bursary


Olivier Pinaud,


Agefi


PARIS (Agefi-Dow Jones) - "The market has understood that Engie has a distinct position," Engie CEO Isabelle Kocher said recently in an interview with Agefi-Dow Jones. Part of the energy group's board of directors is clearly not sharing his opinion. Thursday, the leader had to step into the slot in Le Figaro to defend his record as several directors of the group campaign behind the scenes for the non-renewal of his term in May, as revealed by BFM Business Wednesday.


Isabelle Kocher is strongly opposed to the sale of the gas infrastructure of the energy group pushed by part of its board. "Gas infrastructures are very important, they are part of our DNA, they are more and more international and we are preparing them for the gradual greening of gas," the director general told Le Figaro.


Analysts at Oddo BHF have a different opinion. "Engie's gas infrastructures are regulated activities that are growing at a slower pace than the rest of the group, and their sale, even partial, could accelerate Engie's growth profile, with the implementation of a reinvestment strategy for activities with high potential ", explains Oddo BHF. A spin-off of assets that Isabelle Kocher initiated when she took over at the helm in 2016 by selling Engie's energy markets activities to reinvest in growing businesses, such as renewables, or less capital intensive, such as Services.


The question of the future of gas infrastructure


According to Oddo BHF, the gas infrastructure, which includes four companies (GRDF, GRTgaz, Elengy and Storengy), represents an enterprise value of 33 billion euros. Once retired from debt and minority interests, which are important at GRTgaz and Elengy, these assets represent a potential equity pool of € 13.7 billion.


The question of the future of gas infrastructure, including the sale of part of the capital is anything but a surprise since the Pact law included an article on the privatization of GRTgaz, hides a deeper debate on the strategy led by the team Isabelle Kocher and its effects on the share price. "Some want to make short-term stock market performance the alpha and the omega of a strategy," laments the leader in Le Figaro, emphasizing the performance of the title since the beginning of the year: + 15%.


Yet the balance sheet does not plead in his favor. Engie does less well than all his great European counterparts. Since the beginning of the year, Portuguese EDP has gained 19%, Spanish Iberdrola 24% and Italian Enel 32%. Same comparison and same result since May 2016, date of the arrival at the controls of Isabelle Kocher: Engie gained a very small 1%, when EDP took 15%, Iberdrola 39% and Enel 70%.


As a result, according to Morgan Stanley analysts, the Engie stock currently trades at around 11 times the estimated earnings per share for 2021, "at a discount of 20% compared to comparable integrated utilities".


Faced with these figures, some administrators push for an electroshock. To defend herself, Isabelle Kocher points out that rumors of dissension with her board "suggest that in one company there could be a management strategy on the one hand and the strategy of the board of directors on the other, whereas definition is the board that validates the company's strategy ". Developed by Isabelle Kocher and her teams, the three-year plan presented last February has been validated by the board.


In this maelstrom, and while the unions are expressing concerns about a possible dismantling of the group, the state, the largest shareholder of Engie with 23% of the capital, is strangely silent. Already bogged down in EDF's difficulties, the government was counting on a rebound in the Engie share price to sell shares and fuel the innovation fund. At 14.56 euros Friday morning, the title Engie is barely higher than the price of 13.80 euros which he had sold for the last time shares of the energy group in September 2017.


Thursday, the compensation and governance council of Engie met. When asked by L'Agefi, the group did not make a statement.


-Olivier Pinaud, The Agefi. ed: ECH


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


December 06, 2019 03:35 ET (08:35 GMT)

[waldron] 05/12/2019 17:20

Brent Crude Oil NYMEX 63.41 +0.65%
Gasoline NYMEX 1.62 +0.95%
Natural Gas NYMEX 2.41 +1.43%
(WTI) 58.64 USD +0.39%

FTSE 100
7,137.85 -0.70%
Dow Jones
27,612.84 -0.13%
CAC 40
5,801.55 +0.03%
SBF 120
4,572.8 +0.09%
Euro STOXX 50
3,648.13 -0.29%
DAX
13,054.8 -0.65%
Ftse Mib
22,969.4 -0.28%

Eni
13.644 -0.06%



Total
47.13 -0.17%

Engie
14.495 +0.66%

Orange
13.56 -1.02

IAG
Price (GBX) 548.60 -0.65% (Down -3.60)

Bp
465.35 -1.48%

Vodafone
144.26 -1.25%

Royal Dutch Shell A
2,144.5 -0.90%

Royal Dutch Shell B
2,126.5 -0.84%

[waldron] 05/12/2019 07:23

No to the dismantling of Engie. Isabelle Kocher has the honors of an interview in Le Figaro as rumors circulate, including that of its shelving. She refuted the idea of dismantling or selling Engie by apartment. The general director refused to discuss her own fate, while a compensation and governance council of her group is holding today.

[waldron] 04/12/2019 17:53

GBP USD 1.3093 +0.0095



Brent Crude Oil NYMEX 63.32 +4.11%
Gasoline NYMEX 1.61 +3.19%
Natural Gas NYMEX 2.36 -2.00%
(WTI) 58.4 USD +3.53%


FTSE 100
7,188.5 +0.42%
Dow Jones
27,689.41 +0.68%
CAC 40
5,799.68 +1.27%
SBF 120
4,568.75 +1.22%
Euro STOXX 50
3,660.02 +1.35%
DAX
13,140.57 +1.16%
Ftse Mib
23,034.2 +1.31%


Eni
13.652 +1.28%

Total
47.21 +1.23%

Engie
14.4 +1.41%

Orange
13.7 -4.66%

IAG
Price (GBX) 552.20 +2.49% (Up +13.4


Bp
472.35 +0.49%

Vodafone
146.08 +0.19%

Royal Dutch Shell A
2,164 +0.14%

Royal Dutch Shell B
2,144.5 +0.21%

[the grumpy old men] 04/12/2019 11:40

Engie Chief Executive Officer Isabelle Kocher may not have her mandate renewed by the company's board at the end of her term in May, according to French news channel BFM Business, which cited people familiar with the matter.

-- Engie's board was very critical of its CEO during its last meeting, BFM Business reports.

-- Engie's next board meeting scheduled for Dec. 17 will be "decisive" in regards to the matter, the channel said.



Full story:



Write to Barcelona editors at [e-mail]



(END) Dow Jones Newswires

December 04, 2019 04:54 ET (09:54 GMT)

[waldron] 03/12/2019 18:56

NATURALGASWORLD



Natural Gas News
French LNG Engineers Sign Wison Deal
Dec 3, 2019 5:13:pm

Summary

The licensing will allow Wison to work on new-build LNG vessels using GTT's proprietary technology.
by: William Powell

French LNG specialist engineering firm GTT signed a technical assistance and licence agreement with Chinese shipyard Wison Offshore & Marine, it said December 3. The licence covers floating LNG units, floating storage and regasification units (FSRU), floating storage and regasification power units (FSRP) and LNG carriers that use GTT membrane solutions.

Wison is the first in the world to deliver barge-based FLNG and FSRU on a turn-key basis and obtained its GTT licence after having successfully completed a qualification process that began earlier this year.

As technology becomes more sophisticated, allowing more delivery methods, LNG will become more commoditised. GTT said the agreement will enable both partners to further expand their offer to ship owners, to target new markets, especially focusing on floating-based solutions, and to advance the development of LNG in the global supply chain.

GTT CEO Philippe Berterottiere said GTT was "very interested in developing and building together new LNG infrastructures that can provide innovative natural gas value chain solutions."

His counterpart at Wison Offshore & Marine An Wenxin said the licensing deal would "allow us to offer more actively LNG solutions with GTT's technologies in China, which is what the market is asking for."

[waldron] 03/12/2019 17:45

Brent Crude Oil NYMEX 60.87 -0.08%
Gasoline NYMEX 1.57 -0.25%
Natural Gas NYMEX 2.42 +4.94%
(WTI) 55.99 USD -0.07%


FTSE 100
7,158.76 -1.75%
Dow Jones
27,377.04 -1.46%
CAC 40
5,727.22 -1.03%
SBF 120
4,513.72 -0.99%
Euro STOXX 50
3,610.99 -0.52%
DAX
12,989.29 +0.19%
Ftse Mib
22,736.52 +0.03%



Eni
13.48 -0.68%


Total
46.635 -0.95%

Engie
14.2 +1.00%

Orange
14.37 -0.07%


IAG
Price (GBX) 538.80 -0.77% (Down -4.20)


Bp
470.05 -2.43%

Vodafone
145.8 -1.74%

Royal Dutch Shell A
2,161 -2.46%

Royal Dutch Shell B
2,140 -2.71%

[ariane] 03/12/2019 14:19

3/12/2019 | 2:58 p.m.

PARIS (Agefi-Dow Jones) - Suez Utilities Group announced Tuesday that it has won a contract for the management of the French city of Ouarville's energy recovery unit for eight years, representing a turnover cumulative € 109 million.

This contract was awarded to Suez by the Syndicat intercommunal pour la treatment de la valorization des déchets (SITREVA) of the commune of Ouarville, located in Eure-et-Loir.

Suez also announced Tuesday the winning of two contracts in Southeast Asia, Malaysia and Singapore, in the field of sustainable management of water resources, for a total amount of 10.8 million euros.

-Dimitri Delmond, Agefi-Dow Jones; [phone]; [e-mail] ed: JXM

Agefi-Dow Jones The financial newswire

[waldron] 03/12/2019 08:36

Paris (Agefi-Dow Jones) - Isabelle Kocher may not be reappointed for a second term at the head of the Engie energy group, said BFM Business Tuesday, quoting sources close to the case.


The appointment of Isabelle Kocher as General Manager of Engie will expire in May 2020, but according to BFM Business, the decision to renew or not the leader will be taken "at the beginning of the year", while a forthcoming The administration, scheduled for 17 December, would already be "decisive".


The site of the economic radio explains that during a previous council, two directors, the president of Safran, Ross McInnes, and the president of Palantir France and ex-head of the civil aeronautics division of Airbus, Fabrice Brégier , would have been "very critical" vis-à-vis Isabelle Kocher.


BFM Business also points to a strategic divergence. The group's board of directors, which "has been pushing for several months for a split in the gas infrastructure of the former Gaz de France," would have imposed this split project on a reluctant Isabelle Kocher. This spin-off project would be announced in the first semester, in parallel with the decision concerning the mandate of the Director General. "The two decisions are linked and will be decided quickly.This is a complex project that requires change of leadership," said a "close to the group" cited by BFM Business.


Contacted by the agency Agefi-Dow Jones, a spokesman for Engie did not comment on this information.


-Julien Marion, Agefi-Dow Jones; [phone]; [e-mail] ed: LBO






Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires

[waldron] 02/12/2019 18:40

Engie SA will consider selling most of its 75% stake in France’s largest gas-transmission operator if the energy regulator sticks to an unsatisfactory tariff proposal currently under discussion, people familiar with the matter said.
Some of Engie’s board members and shareholders will push the company to sell as much as 50% of its holding in GRTgaz if the Commission de Regulation de l’Energie doesn’t raise its proposal for 2020 to 2023 gas-transmission tariffs, said one person, who asked not to be identified because the information is private.
Engie will consider selling that stake if GRTgaz’s return on investment becomes insufficient, another person said.
Engie chief executive officer Isabelle Kocher is under pressure to revive earnings that stagnated between 2015 and 2018. The French company may consider bringing European gas-transmission operators into GRTgaz or build partnerships with rivals from neighbouring countries to “optimise̶1; grids, Kocher has said on several occasions this year.
While tough talks between energy watchdogs and owners of regulated entities over tariffs are common, they come as Kocher is trying to convince investors that her shift away from fossil fuels and her push into clean power and energy-efficiency services is paying off. Her mandate as CEO is up for renewal next year.
In February, she warned that the group’s networks division, which mostly consists of GRTgaz and other regulated gas-distribution and storage assets in France, would see a drop in operating income by 2021 amid tariff reviews.
The network division’s current operating income, which accounted for 45% of group operating earnings in 2018, will fall to between €2bn ($2.2bn) and €2.2bn in 2021, down from €2.3bn last year, Engie said in February.
To revamp the business’s prospects, Engie took control of a giant gas pipeline company in Brazil in June. GRTgaz’s tentative talks to team up with rival operators haven’t progressed so far, one person said.
The French regulator’s proposal means that Engie’s return on GRTgaz would be lower than what investors expect from a listed company, while the regulated gas-transmission unit might still appeal to some funds and financial institutions, the people said.
In 2011, French state-owned financial institution Caisse des Depots et Consignations and CNP Assurances bought a 25% stake in GRTgaz for €1.1bn. The French government has recently passed a law that allows Engie, CDC and CNP to hold as little as 50% in the gas-transmission company.
The energy watchdog is underestimating GRTgaz’s operating costs, and wrongly assuming that Engie can permanently refinance all its debt to reflect falling interest rates, the people also said.
The Commission de Regulation de l’Energie is due to publish gas-transmission tariffs for the four years starting April 2020 in the coming weeks.

[waldron] 02/12/2019 17:31

Brent Crude Oil NYMEX 61.21 +1.19%
Gasoline NYMEX 1.59 +0.18%
Natural Gas NYMEX 2.30 +1.59%
(WTI) 56.07 USD +0.47%


FTSE 100
7,285.94 -0.82%
Dow Jones
27,843.02 -0.74%
CAC 40
5,786.74 -2.01%
SBF 120
4,558.95 -1.87%
Euro STOXX 50
3,626.66 -2.11%
DAX
12,964.68 -2.05%
Ftse Mib
22,728.59 -2.28%




Eni
13.572 -1.04%


Total
47.08 -1.18%

Engie
14.06 -2.09%

Orange
14.38 -4.13%

IAG
Price (GBX) 543.00 -1.99% (Down -11.00)



Bp
481.75 +0.32%

Vodafone
148.38 -3.25%

Royal Dutch Shell A
2,215.5 +0.20%

Royal Dutch Shell B
2,199.5 +0.46%

[florenceorbis] 02/12/2019 10:53

Engie: Morgan Stanley goes from online weighting to overweight targeting 18 EUR.

[la forge] 29/11/2019 22:18

Engie unveils investments in Brazil pipelines
Bnamericas Published: Friday, November 29, 2019
Natural Gas Distribution Tenders Licensing & Concessions Capex Privatization
Engie unveils investments in Brazil pipelines

French energy firm Engie announced it will invest between 170mn and 200mn reais (US$40-47mn) a year in its TAG gas transport unit in Brazil between 2020 and 2025.

Engie entered Brazil’s natural gas market with the US$8.6bn acquisition of Petrobras’ TAG in April. TAG's pipelines are located in Brazil’s north, northeast and southeast regions and have capacity to transport 74.6Mm3/d of natural gas.

According to TAG president Gustavo Labanca, short-term investments will be focused on structural improvements in addition to new gas delivery points to improve performance. After 2025, however, capex will fall to around 75mn reais a year.

“We believe we can bring improvements that will reduce costs,” Labanca said during an event for analysts on Friday.

Although the company expects the opening of Brazil's natural gas market to private investors will help increase demand and improve investment returns in the coming years, Engie is still facing regulatory roadblocks.

Bidders wishing to participate in Brazil’s 2020 power auctions to replace diesel-fired plants with less expensive and less polluting gas-fired units have been contacting the company to reach gas supply agreements for their projects. However, Engie is not able to close such deals since it cannot extend its pipelines. Brazilian regulations require extensions of over 15km to be awarded via public tender.

“The main demand for natural gas comes from the electric power market, so we need to align those regulations,” Labanca said.

The energy ministry has started a regulatory update that includes improved rules for the integration of the gas and electricity markets, but the first changes are not due to be implemented until the end of January 2020, while others that require legislative changes should be concluded after 2022.

[waldron] 29/11/2019 17:41

Brent Crude Oil NYMEX 60.82 -3.92%
Gasoline NYMEX 1.61 -4.69%
Natural Gas NYMEX 2.34 -5.77%
I (WTI) 55.62 USD -4.22%


FTSE 100
7,346.53 -0.94%
Dow Jones
28,081.91 -0.29%
CAC 40
5,905.17 -0.13%
SBF 120
4,645.82 -0.19%
Euro STOXX 50
3,703.58 +0.00%
DAX
13,236.38 -0.07%
Ftse Mib
23,259.33 -0.36%

Eni
13.714 -0.62%


Total
47.64 -0.73%

Engie
14.36 +0.14%

Orange
15 +0.67%

IAG
Price (GBX) 554.00 -1.49% (Down -8.40)

Bp
480.2 -1.21%

Vodafone
153.36 -0.52%

Royal Dutch Shell A
2,211 -1.29%

Royal Dutch Shell B
2,189.5 -1.53%

[the grumpy old men] 29/11/2019 11:18

BARCELONA (Agefi-Dow Jones) - The departure of Suez Chairman of the Board, Jean-Louis Chaussade, is good news for the French community services group, as it should facilitate relations with Engie and grant the General Manager greater flexibility to implement his new strategy, according to Bryan Garnier. "This should in particular facilitate the sale of Agbar," adds the financial intermediary, referring to the possible sale of Sociedad General de Aguas de Barcelona, which belongs to Suez. The Suez share gained 0.2% to 13.49 euros.


-Olivia Bugault, Dow Jones Newswires (French version Maylis Jouaret) ed: VLV


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


November 29, 2019 04:26 ET (09:26 GMT)

[waldron] 28/11/2019 15:24

GTT FINAL DIVIDEND NO DOUBT TO BE PAID MAY END 2020 AMOUNTING TO POSSIBLY 1.80euros

[waldron] 28/11/2019 15:08

Summary regarding GTT

The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

Strengths

Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

Thanks to a sound financial situation, the firm has significant leeway for investment.

Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

Over the last twelve months, the sales forecast has been frequently revised upwards.

For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

The stock is in a well-established, long-term rising trend above the technical support level at 77.2 EUR

Weaknesses

The company's "enterprise value to sales" ratio is among the highest in the world.

[waldron] 28/11/2019 14:57

28/11/2019 at 09:31

(CercleFinance.com) - Portzamparc, the consulting firm specializing in Paris 'smidcaps', remains to 'HOLD' on the GTT file after the group specializing in the design of gas storage systems has again announced orders. The target is still 89.2 euros.

The group announced yesterday the order for the design of tanks for three LNG carriers that will be delivered between the end of 2021 and mid-2022.

[grupo] 28/11/2019 09:52

28/11/2019 | 10:41
Analyst Oddo BHF confirms on Thursday its recommendation 'purchase' on the title GTT, enjoying new LNG tank orders for LNG carriers, allowing the group to move, in terms of orders, 'to the record of 2018'.

'The valuation of the group is still attractive (11.3x in EV / EBITDA 2020) especially if the results profile 2021 and 2022 is expected to be revised upwards,' says the broker.

Oddo BHF confirms its target of 102 euros. This suggests a potential upside of + 27%.