Guangdong Development Fund Share Discussion Threads

[waldron] 27/8/2012 18:15

Belgium PM: Don't Yet Know When Closed Nuclear Plants Will Reopen
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Monday 27 August 2012
BRUSSELS--Tests are ongoing at two of Belgium's nuclear power plants, meaning it's too early to say when they can be put back online, the country's Prime Minister Elio di Rupo said Monday.
"It's too early to reach any conclusions about Doel 3 and Tihange 2," the two reactors which have been shut down, he told reporters. "We won't turn them back on until we have full guarantees it is safe to do so."
Belgian regulator FANC and a panel of international experts are currently looking at the plants. Mr. Di Rupo stressed that the country won't face an energy shortfall.
"Belgium will not face a blackout this winter or next, even if Doel 3 and Tihange 2 remain shut throughout," Mr. di Rupo said.
Belgian authorities earlier this month they would shut down one of their seven nuclear plants, Doel 3, on the suspicion that the steel vessel holding the reactor core could be cracked. Tihange is also shut for routine checks.
"Both power stations currently pose no risk to the population, employees or the environment," Mr. di Rupo added.
Write to Frances Robinson at [e-mail]

[waldron] 27/8/2012 11:33

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 18.11 EUR, puis à 17.47 EUR et la résistance est à 21.32 EUR, puis à 21.96 EUR.

Dernier cours : 19.76
Support : 18.11 / 17.47
Resistance : 21.32 / 21.96
Opinion court terme : neutre
Opinion moyen terme : négative

[waldron] 24/8/2012 17:54

..GDF Suez : support à 18.9.

Chart's – il y a 35 minutes
....Mail
Share0Imprimer.....Sociétés :...GDF SUEZGDF SUEZ . ..COURS LIÉS.
.Symbole Cours Variation
GSZ.PA 19,76 +0,14

......Sur les 5 derniers jours, le titre a peu évolué, perdant 1.37%. Depuis le début de l'année, il est en baisse de 6.42%.

Du point de vue de l'analyse technique : le RSI est supérieur à sa zone de neutralité des 50. Le MACD est supérieur à sa ligne de signal et positif. La configuration est haussière à court terme. Enfin, le titre est supérieur à sa moyenne mobile 50 jours.
A noter que les volumes sont en baisse depuis quelques jours.

Graphiquement : les niveaux de résistances se situent sur : 20.8 puis 21.3. Tandis que les prochains supports sont sur : 19.2 puis 18.9.

Notre préférence : Le titre GDF Suez (Euronext: GSZ.NX - actualité) (GSZ) est haussier tant que 18.9 est support.

Le point d'invalidation de notre scénario est situé sur : 18.9.
Cours de référence : 19.8.
Copyright © CHARTS

[waldron] 24/8/2012 16:29

Boursier.com) -- Berenberg a relevé de 22,50 à 24 euros sa valorisation de GDF SUEZ, en confirmant l'achat sur le dossier

[waldron] 24/8/2012 16:24

(Boursier.com) -- Goldman Sachs a légèrement réduit de 28,30 à 28,10 euros son objectif sur GDF SUEZ, mais reste à l'achat sur le dossier.

[waldron] 23/8/2012 07:21

(Tradingsat.com) - Goldman Sachs a revu en légère baisse son objectif de cours sur GDF Suez, passant de 29 à 28,3 euros, sans modifier sa recommandation "Achat". Le titre recule actuellement de 2% à la Bourse de Paris, vers les 19,8 euros.

[ariane] 22/8/2012 07:14

extract:


Is GDF Suez a growth or value stock?

Since then, the stock provides a dividend yield around 8%. The management confirmed it would pay a stable or increased dividend for 2012 and an interim dividend of €0.83 ($1) a share in October. Following, the buyout of International Power minority interests, GDF Suez shareholders have exceptionally the possibility of receiving this interim dividend in the form of shares. In 2013, its main shareholders could demand full cash payment of dividends and it can generate an issue. Indeed, the company is paying out as much of its earnings and has a lack of EPS progress (-17% in 2011 and -4.5% in 2012 on my estimates). As a result, the return to cash dividend could add financial pressure and to maintain the dividend GDF Suez should increase its disposals and/or cut Capex.

Nonetheless, the firm can decide to be viewed as a growth play and cut dividends. The IPR buy-out provides GDF Suez opportunities to divest businesses that do not enhance its growth potential, for instance its nuclear business line. Indeed, the IPR buy-out enabled GDF Suez to reinforce in Asia and Latin America where energy needs are soaring. The French company could sell part of its assets from mature markets threatened by higher regulation and economic slowdown.

For the moment, GDF Suez needs better visibility in Belgian nuclear and French gas tariffs. The market is focused on these challenges and might be not satisfied regarding the quality of the growth. That could explain the slow progress of the stock. GDF Suez has multiplied power generation projects in Asia and Latin America but which the Group only owns minority interests. Above all, the French utility is lagging in offshore renewable energy. Indeed, it has failed to win any of the large off-shore wind tenders. In April 2012, four projects totaling 1.9GW were awarded and GDF Suez got none.

As far as I am concerned, I would play GDF Suez as a growth stock despite its current dividend yield. The growth projects and a sustained level of Capex should enable to increase earnings in medium-term. Moreover, by cutting its dividend (~$6 billion of savings) GDF Suez could also raise its Capex and accelerate its growth in emerging markets.

(€1=$1.23)

[waldron] 20/8/2012 12:49

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 17.66 EUR, puis à 16.61 EUR et la résistance est à 21.88 EUR, puis à 22.93 EUR.

Dernier cours : 20.04
Support : 17.66 / 16.61
Resistance : 21.88 / 22.93
Opinion court terme : positive
Opinion moyen terme : négative

[waldron] 18/8/2012 09:43

..GDF Suez : support à 19.2.

Chart's – il y a 15 heures
....Mail
Share0Imprimer.....Sociétés :...GDF SUEZGDF SUEZ . ..COURS LIÉS.
.Symbole Cours Variation
GSZ.PA 20,04 +0,09

......Sur les 5 derniers jours, le titre a peu évolué, gagnant 3.78%. Depuis le début de l'année, il est en baisse de 5.11%.

Du point de vue de l'analyse technique : le RSI est supérieur à 70. Cela peut indiquer un titre en forte tendance haussière ou plutôt dans un état suracheté et que donc une correction s'impose (surveiller les divergences). Le MACD est supérieur à sa ligne de signal et positif. La configuration est haussière à court terme. Enfin, le titre est supérieur à sa moyenne mobile 50 jours.
A noter que les volumes sont en baisse depuis quelques jours.

Graphiquement : les niveaux de résistances se situent sur : 21 puis 21.6. Tandis que les prochains supports sont sur : 19.5 puis 19.2.

Notre préférence : Le titre GDF Suez (Euronext: GSZ.NX - actualité) (GSZ) est haussier tant que 19.2 est support.

Le point d'invalidation de notre scénario est situé sur : 19.2.
Cours de référence : 20.
Copyright © CHARTS . Tous droits réservés.

[waldron] 17/8/2012 15:52

(Boursier.com) -- Berenberg reste à l'achat sur GDF SUEZ, valorisé 22,50 euros

[waldron] 14/8/2012 10:10

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 17.38 EUR, puis à 16.49 EUR et la résistance est à 20.96 EUR, puis à 21.85 EUR.

Dernier cours : 19.31
Support : 17.38 / 16.49
Resistance : 20.96 / 21.85
Opinion court terme : négative
Opinion moyen terme : négative

[waldron] 11/8/2012 09:53

Sur les 5 derniers jours, le titre a peu évolué, gagnant 1.05%. Depuis le début de l'année, il est en baisse de 8.57%.

Du point de vue de l'analyse technique : le RSI est supérieur à sa zone de neutralité des 50. Le MACD est supérieur à sa ligne de signal et positif. La configuration est haussière à court terme. Enfin, le titre est supérieur à sa moyenne mobile 50 jours.
A noter que les volumes sont en hausse depuis quelques jours.

Graphiquement : les niveaux de résistances se situent sur : 20.4 puis 20.9. Tandis que les prochains supports sont sur : 18.7 puis 18.4.

Notre préférence : Le titre GDF Suez (Euronext: GSZ.NX - actualité) (GSZ) est haussier tant que 18.4 est support.

Le point d'invalidation de notre scénario est situé sur : 18.4.
Cours de référence : 19.3.
Copyright © CHARTS . Tous droits réservés.

[waldron] 09/8/2012 20:08

GDF Suez To Spread Out Natural-Gas Price Increase at Government's Request
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Thursday 9 August 2012
By Inti Landauro
PARIS--French utility GDF Suez SA (GSZ.FR) has agreed to a government request to spread out a price increase in natural gas sold to residential customers, the country's finance and ecology ministers said in a statement.
France's highest administrative court, the Conseil d'Etat, struck down a government order to freeze retail gas prices imposed in October 2011 and authorized GDF Suez, which handles most of the country's gas distribution, to impose a retroactive price increase on its customers to compensate for the lost revenue.
GDF Suez will spread the price increase over a period of 18 months.
Write to Inti Landauro at [e-mail]
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[grupo guitarlumber] 08/8/2012 17:35

UPDATE: Belgium Halts Nuclear Reactor On Suspicion of Cracks
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Wednesday 8 August 2012
-- Reactor to be shut until the end of August at least
-- Halt risks refueling debate about safety of nuclear power
-- Analyses being carried out, many scenarios possible
(Adds further details, background.)
By Alessandro Torello
BRUSSELS--Belgium has halted one of its seven nuclear reactors on suspicion that one of its components might be cracked, the country's atomic power regulator said Wednesday.
"We have found anomalies," said Karina De Beule, spokesman for the ACFN, the federal agency for nuclear control. The agency is "evaluating these anomalies, if they can cause cracks," De Beule said, adding that the 1,006-megawatt Doel 3 reactor will remain shut at least until the end of August.
The incident--at the moment classified level 1 in a scale where Chernobyl-style explosions are level 7--risks triggering renewed controversy about the use of nuclear energy in Europe, where authorities are seeking to ensure safe operations at sometimes ageing reactors, while at the same guaranteeing a reliable electricity supply.
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 has said it will shut all its nuclear plants by 2022, and Belgium decided recently to stand by earlier plans to exit nuclear energy by 2025.
De Beule said that several scenarios are possible, between two extremes: the anomalies might end up being nothing important, or more thorough analysis might find out that they threaten the integrity of the reactor.
The news comes as the European Union's executive body is working on the final version of a report about the safety of Europe's nuclear plants. The Fukushima accident had such an effect on European public opinion that the EU decided to carry out safety checks, called stress tests, on all of its plants, and the results are due to be released by the end of the year.
GDF Suez SA (GSZ.FR), the French energy giant that operates Belgian nuclear plants through its unit Electrabel, confirmed that the reactor will remain closed.
"The reactor has been halted since June for regular control. Halt for maintenance has been extended, to allow additional inspections," a company spokesman said. The incident has no impact on the health of workers, nearby residents or the environment, the company said.
Doel 3, which accounts for one-sixth of Belgium's nuclear-generated electricity, is expected to be decommissioned in 2022.
Nuclear energy accounts for slightly more than half of Belgium's generated electricity.
-Geraldine Amiel in Paris contributed to this article.
Write to Alessandro Torello at [e-mail]
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[grupo guitarlumber] 08/8/2012 15:15

Belgium Halts One Nuclear Reactor On Suspicion of Cracks - Regulator
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Wednesday 8 August 2012
BRUSSELS--Belgium has temporarily shut one of its seven nuclear power reactors on suspicion that one of its components might be cracked, the country's atomic power regulator said Wednesday.
"We have found anomalies," said Karina De Beule, spokesman for the ACFN, the federal agency for nuclear control.
The agency is "evaluating these anomalies, if they can cause cracks," De Beule said, adding that the reactor will probably remain shut until the end of August, as the experts evaluate the data.
Interest in nuclear energy as a power source is high in Europe, especially after last year's accident in Japan prompted some countries to speed up their exit from atomic power. Belgium decided recently to stand by a 2003 law and exit nuclear energy by 2025.
GDF Suez SA (GSZ.FR), the French energy giant that operates Belgian nuclear plans through its unit Electrabel, confirmed that the reactor will remain closed. "The reactor has been halted since June for regular control. Halt for maintenance has been extended, to allow additional inspections," a company spokesman said.
The reactor that's been shut is expected to be decommissioned in 2022.
Write to Alessandro Torello at [e-mail]
Geraldine Amiel in Paris contributed to this article.

[waldron] 08/8/2012 11:24

Wednesday 31 October 2012 3rd quarter 2012 results

[waldron] 08/8/2012 11:20

GDF Suez : Nomura revient à l'achat, potentiel réduit.

(CercleFinance.com) - Après une suspension, Nomura a repris son suivi du titre du groupe énergétique français GDF Suez sur un conseil d''achat'. Le bureau d'études dresse notamment une longue liste des avantages comparatifs du groupe par rapport à ses concurrents. Cependant, le potentiel de l'action leur semble en bonne partie épuisé par sa hausse récente et les prévisions bénéficiaires ont été écrêtées. L'objectif de cours est donc abaissé de 26,25 à 22,5 euros.

[waldron] 08/8/2012 07:35

GDF SUEZ £1.4bn joint venture confirmed among major UK energy investments at London business summit
French energy company GDF SUEZ is to go ahead with the development of one of the largest North Sea gas discoveries in recent years, the Government has announced.07 Aug 2012
Topics Energy & Infrastructure finance Projects Construction procurement Construction Advisory & Disputes
The company, together with its joint venture partners Centrica and Bayerngas, plans to extract 18 billion cubic metres of shallow water gas from the Cygnus field in the Southern North Sea. The project, worth an estimated £1.4 billion, will indirectly create up to 4,000 jobs according to the companies.

Further energy projects to be announced at an oil and gas summit at the British Business Embassy in London include the creation of a new International Centre for Advanced Materials (BP-ICAM) by BP and an investment into Scottish elastomer production worth €50-60m by Italian petrochemical company Versalis.

The announcements follow the creation of a new tax relief for operators of shallow-water gas fields in the UK Continental Shelf by the Government last month and precede the publication of a longer-term strategy for gas in the UK.

"The North Sea remains a vital source of the nation's energy security and our expertise is renowned the world over," Energy Secretary Edward Davey said. "The Government is determined to maintain the best possible investment environment to ensure we capitalise fully on this national asset. The go-ahead for the Cygnus field is terrific news and will contribute substantially to the UK's gas needs and support thousands of high skilled jobs."

GDF SUEZ has, the Government said, signed a Field Development Plan (FDP) outlining initial contracts for the development of the field worth a total of £375m. £337 of this initial investment will be invested in the UK and directly create more than 1,200 local jobs. An FDP authorises new oil and gas fields and ensures no adverse environmental consequences.

The oil and gas summit is one of 18 organised by UK Trade and Investment (UKTI), the Government's overseas trade and investment arm, to promote British business during the Olympic and Paralympic Games. Attendees will discuss technology-specific issues related to regulatory and market reforms, financing needs, deployment challenges and the scaling up of industrial capacity.

The Government has previously stated its commitment to oil and gas generation in the UK, and has announced a package of measures aimed at encouraging long-term investment in North Sea oil and gas resources. The Treasury is currently consulting (42-page/ 273KB PDF) on the creating of Decommissioning Relief Deeds, which will contractually set out the levels of relief that companies will be entitled to claim once a facility is decommissioned, while additional tax incentives for oil investors were announced as part of the 2012 Budget.

Business Secretary Vince Cable welcomed the announcements, which he said underlined the oil and gas industry's immense contributions to the UK's skills base, industrial capacity and strength as an exporter. The creation of the £60m BP-ICAM, which will operate out of the University of Manchester, supported the UK's status as a "driver of innovation", he added.

"Collaboration between business and higher education institutions is boosting the status of the UK as a driver of innovation, and giving our firms a competitive edge," he said. "I'm pleased that BP has chosen to partner with a number of our world class universities to find new and more efficient ways of using and generating power."

BP will support the centre, which will have 'spokes' in other universities around the world with specific areas of expertise in the use of advanced materials in the energy sector, with a guaranteed £60m investment over 10 years. Advanced materials are those with superior qualities such as toughness, hardness, durability and elasticity and will, according to BP chief executive Bob Dudley, be "vital" in producing and processing energy safely and efficiently in the years ahead.

"Energy producers will work at unprecedented depths, pressures and temperatures [in the future]; as refineries, plants and pipeline operators seek ever better ways to combat corrosion," he said. "Manchester has world-leading capabilities and facilities in materials and it was chosen after a global search to act as the 'hub' of the centre, with 'spokes' in other university departments worldwide. We look forward to building a very productive partnership between our professionals and the academic team at Manchester."

[waldron] 07/8/2012 11:26

UPDATE: E.ON Sees First-Half Earnings Up Sharply, Backs Outlook
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Tuesday 7 August 2012
--Earnings in the first six months of 2012 seen sharply higher
--Higher profits attributed to recent gas contracts settlement with Gazprom
--Absence of nuclear charges that weighed on prior-year period also helped
--2012 earnings outlook confirmed
(Rewrites throughout.)

By Harriet Torry and Jan Hromadko
E.ON AG (EOAN.XE) Tuesday said it expects earnings in the first six months of the year to have risen sharply, confirming its recently raised 2012 earnings outlook.
Germany's largest utility by market value said the expected increase in earnings in the six months through June are mainly due to a recent settlement with its biggest natural gas supplier over the commercial terms of long-term gas procurement contracts.
Additionally, the absence of charges related to Germany's nuclear exit decision last year had weighed on the prior-year period, the company said.
"These effects will also continue to show in the quarters to come," said E.ON in a written statement.
Underlying after tax profit in the January to June period is expected to be around 3.3 billion euros ($4.1 billion), more than a threefold increase from EUR900 million in the same period last year, the company said.
Earnings before interests, taxes, depreciation and amortization, or Ebitda, will rise by around 56% to EUR6.7 billion, compared with EUR4.3 billion in the first six months of 2011.
Analysts at Credit Suisse said in a note to clients Monday that they expect E.ON to report an Ebitda of around EUR6.2 billion for the first six months of the year.
E.ON adjusts its Ebitda for non-recurring items such as revaluations of energy derivatives used for hedging purposes, book gains and losses on disposals as well as restructuring expenses. Underlying after-tax profit is also adjusted for income and losses from discontinued operations and special tax effects, and is used to determine dividend payments.
The comments come ahead E.ON's scheduled first-half earnings release Monday and after the company last month announced a settlement with its biggest gas supplier Gazprom OAO (GAZP.RS).
The settlement included retroactive price adaptations that E.ON has said should help restore the competitiveness of its wholesale gas activities, which accumulated operating losses of around EUR1 billion in the last three months of 2010 through the end of 2011.
The agreement with Gazprom enabled E.ON to recoup those losses and the utility previously said that the deal will boost first-half Ebitda by about EUR1 billion.
The European wholesale gas market remains oversupplied on a combination of increased liquefied natural gas supply and lower demand after a mild winter and amid a broader economic downturn. At the same time, higher production of shale gas in the U.S. has helped push prices for Gazprom's long-term, oil-indexed contracts above spot market level.
European utilities including Italy's Eni SpA (E) and France's GDF Suez SA (GSZ.FR) had previously managed to secure better commercial terms from Gazprom.
E.ON also said that first-half earnings were boosted by the absence of around EUR1.7 billion in charges related to last year's decision by the German government to accelerate a planned nuclear energy exit. These charges had resulted in E.ON first ever quarterly loss in the April to June period last year.
It also confirmed its 2012 outlook, saying it still expects Ebitda of between EUR10.4 billion and EUR11.0 billion. Underlying after tax profit is expected to be between EUR4.1 billion and EUR4.5 billion.
At 0957 GMT, E.ON shares traded up 1.1% at 17.80, while Germany's DAX was up 0.4%.
Write to Harriet Torry at [e-mail]
Write to Jan Hromadko at [e-mail]
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[waldron] 07/8/2012 10:42

Amec gets GBP60 Million Detail Design Contract From GDF Suez
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Amec (LSE:AMEC)
Intraday Stock Chart
Today : Tuesday 7 August 2012
LONDON--AMEC PLC (Amec.LN), an international engineering and project management company, said Tuesday it has been awarded a detailed design contract for GDF SUEZ E&P U.K. Ltd's Cygnus gas field development in the U.K. North Sea, worth 60 million pounds.
MAIN FACTS:
-Latest detail design phase, which starts immediately, is scheduled for completion in 2014.
-Contract will create almost 200 new jobs at peak, and will safeguard a further 160 who are already part of the London-based team.
-Shares at 0705 GMT up 4 pence, or 0.35%, at 1143 pence valuing the company at GBP3.6 billion.
-Write to Ian Walker at [e-mail]
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