Guangdong Development Fund Share Discussion Threads

[waldron] 24/7/2012 07:33

Annual div yield (TTM) 8.54%
Div ex-date Apr 25 2012
Div pay-date May 24 2012
Next div ex-date Sep 25 2012
Next div pay-date Oct 25 2012
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...

[waldron] 23/7/2012 14:12

MOUVEMENTS ET NIVEAUX
Après un plus haut à 18,9 EUR le titre corrige vers la moyenne mobile à 50 jours à 17,12 EUR : le comportement des cours sur ce niveau permettra d'envisager la poursuite du mouvement à moyen terme. Les premiers points d'achats (ou supports court terme) sont à 17,02 EUR et 16,28 EUR. Les résistances sont à 19,22 EUR et 19,96 EUR.



Dernier cours : 17.56
Opinion : neutre
Tendance : haussière
Support : 17.02 / 16.28
Resistance : 19.22 / 19.96

[waldron] 20/7/2012 15:01

Les analystes de la banque UBS (NYSEArca: DJCI - actualité) ont ajusté de 22 à 21 Euros leur objectif de cours à 12 mois de GDF Suez (Euronext: GSZ.NX - actualité) (recommandation à l'achat).

[waldron] 20/7/2012 13:01

Mercredi 18 Jul 2012 à 15:38
HSBC a réduit son objectif de cours de 17 à 16 euros et maintenu sa recommandation Sous-pondérer sur GDF Suez. Le retour à un dividende en numéraire en 2013 pose problème dans un contexte où les bénéfices sont difficiles à atteindre et compte tenu de l'environnement politique.

[waldron] 20/7/2012 08:36

source: datamonitor

GDF and the French government fight over gas pricesFrench utility GDF Suez has gained the upper hand in its battle with the French government over the sensitive issue of gas prices. GDF Suez has succeeded in overturning a gas price freeze announced by the French government in Q4 2011. As a result, consumers will need to pay the price difference for the quarter, and gas prices will continue to be a politically sensitive topic.

On July 10, 2012 the Council of State ordered the government to revise the price freeze on natural gas prices implemented in October 2011. France's biggest natural gas distributor, GDF Suez, along with ANODE, an association of small independent energy providers, complained about the freeze, which they claimed was against the law. The Council of State agreed, thus setting the scene for future price rises to reflect higher wholesale market costs. GDF Suez may also challenge the government's decision to impose a 2% increase ceiling with effect from August 1, 2012. GDF argues that this limit should be set at 4%.

The Council of State's decision means that prices will be revised retroactively, so that households will need to pay the difference (an estimated E40 per household for the quarter). The government, keen to limit the damage, has said that it will arrange for the increase to be spread in small amounts over an extended timeframe.

Retail and business gas prices have been controlled by the French energy regulator according to a specific formula since 2009. They are revised each quarter according to, among other things, the purchase price of gas on wholesale markets. On January 1, 2012, the government modified the way the formula is calculated for retail customers by increasing the weight of the spot price in the formula to 26%; however, prices still increased by 4.4% in January.

Gas supply in France is dominated by long-term contracts with Norway, Russia, Algeria, and the Netherlands, partly indexed to oil prices. Given the difference between high prices in oil-indexed contracts and low prices on spot markets, GDF Suez has been able to renegotiate long-term contracts to reflect a larger weight from spot prices (25% up from 10%).

In the UK, wholesale purchasing costs also dominate the final price paid by consumers. However, unlike France, gas prices there are determined by suppliers themselves, which may choose to disclose their costs and margins to their customers. In 2011, British Gas had 56% of its costs made up of wholesale purchase costs, 21% from transportation costs, 18% from operating costs and taxes, and 5% from profit. In England and Wales, annual average domestic gas bills have increased some 30% over the 2007-11 period; less than in France.

Domestic gas prices in the UK increased on average by 6.6% over 2010-11 according to the Department of Energy and Climate Change. These price increases, as in France, have been influenced by higher oil prices, but are tempered thanks to a more competitive retail market, in which consumers are able readily to compare the prices offered by gas suppliers.

The comparison between the two markets illustrates the dangers of direct price intervention and setting unreasonable expectations among end consumers in a market so heavily influenced by oil price and geopolitical dynamics.

[grupo guitarlumber] 16/7/2012 17:48

MOUVEMENTS ET NIVEAUX
Le titre est orienté à la hausse. Il est au-dessus de sa moyenne mobile 50 jours. La moyenne mobile à 20 jours est supérieure à la moyenne mobile à 50 jours. Le support est à 16,85 EUR, puis à 16,31 EUR et la résistance est à 19,03 EUR, puis à 19,58 EUR.



Dernier cours : 18.03
Opinion : négative
Tendance : haussière
Support : 16.85 / 16.31
Resistance : 19.03 / 19.58

[waldron] 11/7/2012 06:06

GDF Suez : Crédit Suisse passe à 'sous-performance'.

(CercleFinance.com) - Crédit Suisse dégrade son opinion sur l'action GDF Suez de 'neutre' à 'sous-performance' et abaisse son objectif de cours de 17 à 15,5 euros.

[waldron] 09/7/2012 18:13

French Gov: Drafting Decree Limiting Rise of Gas Tariffs to 2% on Year
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Monday 9 July 2012
By Hugo Passarello
PARIS--The French government is preparing a decree limiting the rise of regulated natural gas tariffs to 2% a year, or approximately the inflation rate, said the Energy Ministry in a statement Monday.
The government is also considering limiting the rise in electricity tariffs for households, said the ministry in the statement.
The French administration said it had submitted a draft of the decree to France's energy commission CRE, adding that capping utility prices would "help shield household's spending power."
French gas utility GDF-Suez (GSZ.FR) has been pushing the present government as well as the previous administration for higher tariff increases. In June, it lobbied the French Energy Regulation Commission for a 5% increase.
France's year-on-year rate of inflation was 1.9% in May, according to the latest data from the National Statistics Institute.
Write to Hugo Passarello at [e-mail]

[waldron] 09/7/2012 17:57

French Gov: Drafting Decree Limiting Rise of Gas Tariffs to 2% on Year
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Monday 9 July 2012
By Hugo Passarello
PARIS--The French government is preparing a decree limiting the rise of regulated natural gas tariffs to 2% a year, or approximately the inflation rate, said the Energy Ministry in a statement Monday.
The government is also considering limiting the rise in electricity tariffs for households, said the ministry in the statement.
The French administration said it had submitted a draft of the decree to France's energy commission CRE, adding that capping utility prices would "help shield household's spending power."
French gas utility GDF-Suez (GSZ.FR) has been pushing the present government as well as the previous administration for higher tariff increases. In June, it lobbied the French Energy Regulation Commission for a 5% increase.
France's year-on-year rate of inflation was 1.9% in May, according to the latest data from the National Statistics Institute.
Write to Hugo Passarello at [e-mail]

[waldron] 05/7/2012 09:53

2nd UPDATE: Belgium to Start Nuclear Phase-out in 2015
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Thursday 5 July 2012
--Belgium to start nuclear phase-out in 2015, but will extend lifespan on one reactor by 10 years
--Agreement highlights tension between political priorities and security of power supply
--Nuclear exit has become hot issue in Europe, after Japan's 2011 atomic scare
--Decision criticized by GDF Suez, the operator of Belgian nuclear plants
(Adds Minister's comments, details starting in third paragraph.)
By Alessandro Torello
BRUSSELS--Belgium Wednesday decided to extend the life of one of its oldest nuclear reactors by a decade to avoid the danger of blackouts while atomic power is phased out, but agreed to stick to a 2025 target date to exit nuclear power.
The decisions highlight the dilemma facing many European governments that under public pressure to swiftly phase out the controversial energy source while guaranteeing power supplies. Nuclear has been part of many nations' long-term energy strategies and will take time to be replaced.
Wednesday's agreement attracted fresh criticism from GDF Suez (GSZ.FR), the French company that operates the plants through its unit Electrabel. In a statement, it accused the government of not sticking to a 2009 deal.
The Belgium government decisions, at a meeting Wednesday, would see the phasing out of nuclear plants start in 2015, in line with a 2003 law. By 2025, all seven reactors--which are divided over two plants--will be shut. However, the lifespan of one of the country's oldest reactors would be extended by 10 years.
"We don't otherwise have the assurance to guarantee the security in supply," Melchior Wathelet, the Belgian state secretary for energy who drafted the proposal, said in an interview with Dow Jones Newswires. "There are very few countries that have a phase-out calendar as clear as ours."
The life extension could cost the operator roughly 500 million euros ($629 million) in upgrades, Mr. Wathelet said.
Last year's atomic scare in Japan has heightened public concerns about the dangers of using nuclear power, prompting several European nations to reconsider their energy provisions. Germany surprised its neighbors by reversing its policy and deciding to shut all its nuclear plants by 2022. The new French government has said it intends to reduce its reliance on nuclear energy to 50% from the current 75% by 2025.
Belgium's Mr. Wathelet, who Wednesday presented the plan to his colleagues after months of work, had proposed to start the shut down in 2016, but ministers decided to stick to a 2003 law mandating a nuclear phase-out starting in 2015.
This first concrete sign of how Belgium will likely deal with nuclear power after years of equivocation by the authorities has reignited tensions with GDF Suez.
"The government (...) does not respect the agreement concluded in Oct. 2009 between the state and the Group GDF Suez, which includes firm and reciprocal commitments," the company said in a statement.
The previous Belgian government had proposed to extend the life of three reactors by a decade, but the government fell before any amendment to the 2003 law could be voted on and the idea was dropped by the present government.
Mr. Wathelet said that natural gas will be the main substitute for nuclear power because its use is very flexible and therefore can easily adapt to increased production from renewable sources such as wind.
The Belgian parliament will have to back Wednesday's decision, but the fact that the government --where the different coalition parties are represented--reached agreement, suggests that won't be a big hurdle, Mr. Wathelet said.

Write to Alessandro Torello at [e-mail]
(Hugo Passarello in Paris contributed to this article.)

[waldron] 05/7/2012 09:46

GDF Suez: Belgian Government Has Failed to Respect 2009 Nuclear Pact
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Thursday 5 July 2012
GDF Suez (GZS) and Belgian energy firm Electrabel issued an statement Wednesday in response to the Belgian government plans to stick to a 2025 target date to exit nuclear power. According to Belgian media, two reactors, Doel 1 and Doel 2, will be shut down in April 2016. A third plant, Tihange, will be overhauled as of 2015 and kept running until 2025 in order to secure the country's electricity supplies.
MAIN FACTS FROM STATEMENT:
-- GDF Suez and Electrabel said the Belgian government does not respect the nuclear agreement signed in October 2009 between the companies and the State, which foresees the lifespan of the three reactors extended for 10 years.
-- GDF Suez and Electrabel underlined that the Belgian government plans do not correspond to the objective of securing the country's energy supply.
-- The companies said there are no elements to evaluate the economic viability of the government's decision.
-- GDF Suez and Electrabel are "open" to talks with the Belgian government to present its "point of view."
-- Without further discussions, GDF Suez and Electrabel will continue with the deadlines set by the 2003 law on nuclear phase-out.
-Write to Hugo Passarello at [e-mail]

[waldron] 05/7/2012 07:53

France To Limit Natural Gas Tariffs Increases To Inflation
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Thursday 5 July 2012
By David Pearson
PARIS--Natural gas tariffs won't rise in France by more than the rate of inflation, French newspapers said Thursday, reporting remarks made by Prime Minister Jean-Marc Ayrault in a TV interview overnight.
France's year-on-year rate of inflation was 1.9% in May, according to latest data from the National Statistics Institute.
French gas utility GDF-Suez (GSZ.FR) has been pushing the present government as well as the previous administration for higher tariff increases. In June, it lobbied the French Energy Regulation Commission for a 5% increase.
-Write to David Pearson at [e-mail]

[waldron] 04/7/2012 20:20

GDF Suez: Belgian Government Has Failed to Respect 2009 Nuclear Pact
Share this article PrintAlert
Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Wednesday 4 July 2012
GDF Suez (GZS) and Belgian energy firm Electrabel issued an statement Wednesday in response to the Belgian government plans to stick to a 2025 target date to exit nuclear power. According to Belgian media, two reactors, Doel 1 and Doel 2, will be shut down in April 2016. A third plant, Tihange, will be overhauled as of 2015 and kept running until 2025 in order to secure the country's electricity supplies.
MAIN FACTS FROM STATEMENT:
-- GDF Suez and Electrabel said the Belgian government does not respect the nuclear agreement signed in October 2009 between the companies and the State, which foresees the lifespan of the three reactors extended for 10 years.
-- GDF Suez and Electrabel underlined that the Belgian government plans do not correspond to the objective of securing the country's energy supply.
-- The companies said there are no elements to evaluate the economic viability of the government's decision.
-- GDF Suez and Electrabel are "open" to talks with the Belgian government to present its "point of view."
-- Without further discussions, GDF Suez and Electrabel will continue with the deadlines set by the 2003 law on nuclear phase-out.
-Write to Hugo Passarello at [e-mail]

[waldron] 04/7/2012 20:19

2nd UPDATE: Belgium to Start Nuclear Phase-out in 2015
Share this article PrintAlert
Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Wednesday 4 July 2012
--Belgium to start nuclear phase-out in 2015, but will extend lifespan on one reactor by 10 years
--Agreement highlights tension between political priorities and security of power supply
--Nuclear exit has become hot issue in Europe, after Japan's 2011 atomic scare
--Decision criticized by GDF Suez, the operator of Belgian nuclear plants
(Adds Minister's comments, details starting in third paragraph.)
By Alessandro Torello
BRUSSELS--Belgium Wednesday decided to extend the life of one of its oldest nuclear reactors by a decade to avoid the danger of blackouts while atomic power is phased out, but agreed to stick to a 2025 target date to exit nuclear power.
The decisions highlight the dilemma facing many European governments that under public pressure to swiftly phase out the controversial energy source while guaranteeing power supplies. Nuclear has been part of many nations' long-term energy strategies and will take time to be replaced.
Wednesday's agreement attracted fresh criticism from GDF Suez (GSZ.FR), the French company that operates the plants through its unit Electrabel. In a statement, it accused the government of not sticking to a 2009 deal.
The Belgium government decisions, at a meeting Wednesday, would see the phasing out of nuclear plants start in 2015, in line with a 2003 law. By 2025, all seven reactors--which are divided over two plants--will be shut. However, the lifespan of one of the country's oldest reactors would be extended by 10 years.
"We don't otherwise have the assurance to guarantee the security in supply," Melchior Wathelet, the Belgian state secretary for energy who drafted the proposal, said in an interview with Dow Jones Newswires. "There are very few countries that have a phase-out calendar as clear as ours."
The life extension could cost the operator roughly 500 million euros ($629 million) in upgrades, Mr. Wathelet said.
Last year's atomic scare in Japan has heightened public concerns about the dangers of using nuclear power, prompting several European nations to reconsider their energy provisions. Germany surprised its neighbors by reversing its policy and deciding to shut all its nuclear plants by 2022. The new French government has said it intends to reduce its reliance on nuclear energy to 50% from the current 75% by 2025.
Belgium's Mr. Wathelet, who Wednesday presented the plan to his colleagues after months of work, had proposed to start the shut down in 2016, but ministers decided to stick to a 2003 law mandating a nuclear phase-out starting in 2015.
This first concrete sign of how Belgium will likely deal with nuclear power after years of equivocation by the authorities has reignited tensions with GDF Suez.
"The government (...) does not respect the agreement concluded in Oct. 2009 between the state and the Group GDF Suez, which includes firm and reciprocal commitments," the company said in a statement.
The previous Belgian government had proposed to extend the life of three reactors by a decade, but the government fell before any amendment to the 2003 law could be voted on and the idea was dropped by the present government.
Mr. Wathelet said that natural gas will be the main substitute for nuclear power because its use is very flexible and therefore can easily adapt to increased production from renewable sources such as wind.
The Belgian parliament will have to back Wednesday's decision, but the fact that the government --where the different coalition parties are represented--reached agreement, suggests that won't be a big hurdle, Mr. Wathelet said.

Write to Alessandro Torello at [e-mail]
(Hugo Passarello in Paris contributed to this article.)

[waldron] 02/7/2012 13:17

SYNTHESE
Le MACD est positif et supérieur à sa ligne de signal. Cette configuration confirme la bonne orientation du titre. Néanmoins, le RSI se trouve dans la zone de surachat, on peut s'attendre à une correction technique à court terme. De plus, les stochastiques sont très élevés, ce qui confirme les risques en cas de retournement brutal. Les volumes échangés sont inférieurs à la moyenne des volumes sur les 10 derniers jours.

MOUVEMENTS ET NIVEAUX
Le titre est orienté à la hausse. Il est au-dessus de sa moyenne mobile 50 jours. La moyenne mobile à 20 jours est supérieure à la moyenne mobile à 50 jours. Le support est à 17,05 EUR, puis à 16,27 EUR et la résistance est à 19,39 EUR, puis à 20,17 EUR.



Dernier cours : 18.75
Opinion : neutre
Tendance : haussière
Support : 17.05 / 16.27
Resistance : 19.39 / 20.17