Guangdong Development Fund Share Discussion Threads

[waldron] 11/10/2012 10:27

GDF Suez SA (GSZ), the owner of Electrabel in Belgium, plans annual cost savings in Europe approaching 750 million euros ($965 million) in three years, De Tijd reported, citing a note from unions following a meeting with management.

In the European market, energy demand and prices in many countries lag behind forecasts, the newspaper said. GDF Suez forecasts the market share of Electrabel will fall to between 40 percent and 50 percent from 60 percent as clients defect, according to the report.

To contact the reporter on this story: Andrew Clapham in Brussels at [e-mail]

To contact the editor responsible for this story: Jerrold Colten at [e-mail]

[waldron] 10/10/2012 17:56

GDF Suez's Belgian Unit Closes Power Plant After Blast
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Wednesday 10 October 2012
Electrabel, a Belgian unit of French power utility GDF Suez SA (GSZ.FR) Wednesday said it had to close a natural gas-fired power plant in southern Belgium after a blast that left no victims.
MAIN FACTS:
- The incident only left damages on property that will be repaired, the company said.
- Belgian authorities and firefighters haven't intervened.
- The power plant located in Saint-Ghilain close to the border with France is operating since 1998. It uses natural gas with a capacity of 350 MegaWatts and can use, if needed, light fuel.
-Write to Inti Landauro at [e-mail]
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[ariane] 09/10/2012 19:35

GDF faces Gjoa 'shutdown'

Leak risk: at Gjoa
Statoil/Martin Lindland)
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inShare.0.By Steve Marshall and news reports
09 October 2012 15:17 GMT
.French operator GDF Suez will be forced to shut down production at its Gjoa field off Norway next month for repairs after a welding fault was found in a separator unit, according to a report.
The defect, posing the risk of a possible gas leak, was discovered during a routine maintenance shutdown at the platform in August.

"We will halt production at the beginning of November and the platform will remain shut in for 14 days," a GDF spokesman told Norwegian newspaper Stavanger Aftenblad.

The North Sea field, which came online almost two years ago, produces about 41,000 barrels per day of oil and 8.1 million cubic feet per day of gas.

GDF holds a 30% stake as operator with partners state holding company Petoro (30%), Statoil (20%), Shell (12%) and RWE Dea (8%).

[waldron] 08/10/2012 13:44

Gazprom CEO: Nord Stream To Build Two More Pipelines -Report
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Gdf Suez (EU:GSZ)
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Today : Monday 8 October 2012
By James Marson
MOSCOW--Nord Stream, the consortium that operates a natural gas pipeline that ships Russian gas to Western Europe, will build two more pipelines to expand capacity, the chief executive of OAO Gazprom (GAZP.RS), which has a 51% stake in the company, said Monday, Russian newswires Interfax and Prime reported.
"The shareholders of Nord Stream have considered the preliminary technical foundation of a third and fourth line. The construction has been accepted as economically viable and technically achievable. It is planned to sign a memorandum of new capacities by Dec. 31 this year," Gazprom CEO Alexei Miller was quoted as saying Monday.
Mr. Miller was speaking at the opening of the second Nord Stream line, which will double capacity to 55 billion cubic meters per year.
The first of Nord Stream's two parallel pipelines started operations in November last year. Each of the pipelines is around 1,220 kilometers long and has a transport capacity of 27.5 billion cubic meters per year.
Gazprom owns 51% in Nord Stream with BASF SE's (BAS.XE) Wintershall unit and E.ON AG (EOAN.XE) each holding an interest of 15.5% in the pipeline company. Dutch gas grid operator Gasunie and French utility GDF Suez SA (GSZ.FR) each own 9% of the shares.
Write to James Marson at [e-mail]

[waldron] 08/10/2012 11:39

MOUVEMENTS ET NIVEAUX


Le titre est orienté à la baisse. Il est sous sa moyenne mobile à 50 jours située à 18.52 EUR. La moyenne mobile à 20 jours est inférieure à la moyenne mobile à 50 jours. Notre premier support est à 16.79 EUR, puis à 16.26 EUR et la résistance est à 18.91 EUR, puis à 19.44 EUR.

Dernier cours : 17.95
Support : 16.79 / 16.26
Resistance : 18.91 / 19.44
Opinion court terme : negative
Opinion moyen terme : negative

[waldron] 04/10/2012 08:51

GDF Suez : augmentation du nombre d'actions en circulation 03/10/2012 20:34


NYSE Euronext fait connaître que 1.613.815 actions nouvelles émises par GDF Suez, immédiatement assimilables aux actions existantes, seront admises sur Euronext Paris à partir du 5 octobre 2012.
- Ancien nombre de titres en circulation : 2.323.080.932
- Nombre de titres à admettre : 1.613.815
- Nouveau nombre de titres en circulation : 2.324.694.747
- Origine : Levées d'options
- Libellé : GDF Suez
- Code Euronext : FR0010208488
- Mnémonique : GSZ.

[waldron] 03/10/2012 16:06

03.10.2012 12:39:38Barclays belässt GDF Suez auf 'Equal Weight'- Ziel 20 Euro


LONDON (dpa-AFX Analyser) - Barclays hat GDF Suez angesichts des von der brasilianischen Entwicklungsbank bereitgestellten zusätzlichen Finanzierungsdarlehens für das Jirau-Wasserkraftprojekt in Brasilien auf "Equal Weight" mit einem Kursziel von 20,00 Euro belassen

[grupo guitarlumber] 03/10/2012 07:46

UPDATE: Eight Companies Selling $9 Billion Worth of Bonds
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Heineken N.v. (PC) (USOTC:HINKY)
Intraday Stock Chart
Today : Wednesday 3 October 2012
(Updates with new daily tally in third paragraph, final pricing on Heineken bonds in fifth paragraph, investor comment in sixth paragraph, and refreshed throughout.)

By Patrick McGee
Companies are piling into the U.S. debt markets ahead of earnings-related blackout periods beginning next week.
Blackout periods are the time just ahead of earnings releases, when companies cannot sell debt.
At least eight borrowers are floating a combined $9.25 billion in new deals Tuesday, led by jumbo-sized deals from Dutch brewer Heineken NV (HINKY), Toyota Motor Credit Corp., Banco do Brasil SA (BDORY, BBAS3.BR), and French electric utility provider GDF Suez SA (GSZ.FR).
The eight deals follow a record-setting September and third quarter for high-grade volume, according to data provider Dealogic. Companies are enticed by ultralow yields--which hit another four-decade low Monday at 2.78%, according to a Barclays index--and seemingly insatiable demand.
Heineken exploited investors' appetite with a $3.25 billion four-pack featuring three-, five-, 10- and 30-year maturities. They were priced to yield 0.859%, 1.469%, 2.771%, and 4.102%, respectively, or 0.55, 0.85, 1.15, and 1.30 percentage points over comparable Treasurys, reflecting the narrow end of earlier pricing guidance. The deal is rated Baa1 by Moody's Investors Service and BBB-plus by Standard & Poor's Ratings Services.
"Investors are scrambling for whatever they can get," said John D. Ryan, director and portfolio manager at DWS Investments. Mr. Ryan said he hasn't been buying much in the primary market, because yields are low, but investors who are underexposed to corporate bonds continue to find reason to bulk up.
On Monday, eager investors enabled General Electric Co. (GE) to price a $7 billion issue, the third-largest sale this year. GE spreads--the extra yield offered compared with U.S. Treasurys--have tightened in Tuesday trading, indicating investors remain in "buy" mode despite lower and lower yields.
GE's 10-year bond spread fell 0.09 percentage point to 0.91, according to MarketAxess, while spreads on the three-year and 30-year tranches narrowed by 0.12 and 0.09 point, respectively. All three GE bonds are by far the most actively traded issues in Tuesday's market.
Other recent issues are improving too: The five-year, 2% coupon bond from NYSE Euronext (NYX) is trading at a spread of 1.28 percentage points, or 0.17 point tighter than when issued Monday.
Markit's CDX North America Investment-Grade index, a proxy for investor confidence, improved 0.6% in Tuesday afternoon trading.
When recent deals perform well, it helps persuade buyers to continue playing in the primary market, helping make an attractive climate for others' issuance.
The Banco do Brasil deal comprises $1.75 billion worth of 10-year bonds at a yield of 4%. That is down from earlier pricing guidance of 4.125%, also reflecting strong demand. The deal carries a provisional Baa1 rating from Moody's.
Toyota sold a $1.5 billion issue of 2017 notes yielding 1.262%, or 0.65 percentage points over Treasurys. That represents its lowest yield ever on five-year debt, according to S&P's Leveraged Commentary Data service.
GDP Suez sold $1.5 billion worth of bonds, in five- and 10-year maturities. They were priced at yields of 1.761% and 3.015%, respectively, or 1.15 and 1.40 percentage points over Treasurys. That reflects a 0.10-percentage-point improvement from earlier terms.
Smaller issues include an $800 million issue from Realty Income (O), a $300 million offering from Bermudian reinsurer Montpelier Re Holdings (MRH) and a $100 million deal from Northern States Power.
Also in the primary market, GE Capital, the financing arm of GE, plans to sell $250 million of preferred shares. They have a 40-year maturity date but can be redeemed by GE after five years.
-Write to Patrick McGee at [e-mail]
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[grupo guitarlumber] 02/10/2012 08:58

MOUVEMENTS ET NIVEAUX


Le mouvement haussier semble être arrêté. Le titre est sous sa moyenne mobile à 50 jours située à 18.39 EUR. Le premier support est à 16.9 EUR, puis à 16.48 EUR et la résistance est à 19.01 EUR, puis à 19.43 EUR.

Dernier cours : 17.4
Support : 16.9 / 16.48
Resistance : 19.01 / 19.43
Opinion court terme : negative
Opinion moyen terme :

[grupo guitarlumber] 02/10/2012 06:43

France's GDF Raises Stake in Brazil Hydropower Plant Jirau
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Tuesday 2 October 2012
SAO PAULO--French power utility GDF Suez SA (GSZ.FR) has increased its stake in a Brazilian hydroelectric power plant to 60%, from 50.1%, and secured further funding from Brazil's national development bank, or BNDES, GDF said in a statement.
The 3,750-megawatt Jirau hydropower project is being built on the Madeira river in Rondonia state in the Brazilian Amazon by the Energia Sustentavel do Brasil group, which also includes Brazilian state-controlled utility Centrais Eletricas Brasileiras (EBR, ELET6.BR), or Eletrobras.
GDF has agreed to buy a 9.9% stake in the project from Brazilian construction conglomerate Camargo Correa, and the deal should be completed in the fourth quarter, the statement said.
Camargo Correa had always been expected to sell its stake in the plant once the major construction risks were out of the way, the statement said.
The price, which wasn't disclosed, was based on the investments that Camargo Correa has made in the Jirau project to date, according to GDF.
GDF also said it has secured from BNDES a further loan commitment of 2.3 billion Brazilian reais ($1.13 billion) to build Jirau, raising the total amount of BNDES loans available for the project to BRL9.5 billion.
Jirau dam is expected to begin generating energy in 2013.
Write to Matthew Cowley at [e-mail]
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[waldron] 29/9/2012 19:05

..GDF Suez : support à 16.

Chart's – il y a 23 heures
....Mail
Share0Imprimer.....Sociétés :...GDF SUEZGDF SUEZ . ..COURS LIÉS.
.Symbole Cours Variation
GSZ.PA 17,40 -0,52

......Sur les 5 derniers jours, le titre s'est effondré de 10.75%. Depuis le début de l'année, il est en baisse de 17.61%.

Du point de vue de l'analyse technique : le RSI est inférieur à 30. Cela peut indiquer un titre dans une forte tendance baissière ou plutôt dans un état survendu et que donc une reprise s'impose (surveiller les divergences). Le MACD est inférieur à sa ligne de signal et négatif. La configuration est baissière à court terme. Enfin, le titre est inférieur 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 : 18.3 puis 18.7. Tandis que les prochains supports sont sur : 16.4 puis 16.

Notre préférence : Le titre GDF Suez (Euronext: GSZ.NX - actualité) (GSZ) est baissier tant que 18.7 est résistance.

Le point d'invalidation de notre scénario est situé sur : 18.7.
Cours de référence : 17.4.

[waldron] 26/9/2012 22:01

(Tradingsat.com) - Credit Suisse réitère sa recommandation sur GDF Suez à « Sous-performance », avec un objectif de cours de 15,50 euros. Le broker anticipe « une pression sur le cours de l'action » du groupe gazier en prévision de l'émission d'actions du 25 octobre prochain (paiement du dividence en numéraire ou en action). Il prédit par ailleurs, à plus moyen terme, une série de difficultés, sur les plans réglementaires et fiscaux, notamment.

[waldron] 26/9/2012 09:28

France Must Open Dams to Competition, European Commission Says
By Tara Patel on September 25, 2012

France needs to allow competition in its hydropower industry following "obvious" delays, said the European Commission's chief representative in the country.

"The Commission is being very vigilant," Anne Houtman, head of the organization's representation in France, said at a gas and power conference in Paris. France "must enable access to hydroelectricity. There is an obvious delay," she said.

President Francois Hollande's government hasn't said if there will be tenders for French dam concessions held by state- run Electricite de France SA and former gas monopoly GDF Suez SA. (GSZ) The Energy Ministry in the prior government was drawing up plans to invite bids, saying in April 2010 that permits to run 10 dams with a combined output of 5,300 megawatts, or about a fifth of the total, would be up for renewal through 2015.

EDF has 4,400 megawatts of that and GDF Suez 623 megawatts. The dams are in the Alps, Massif Central and Pyrenees regions.

Further development could expand to as much as 7 terawatt hours, according to Afieg, representing European utilities such as Alpiq Holding AG (ALPH), Enel SpA (ENEL), EON AG and Vattenfall AB that are seeking to operate French concessions. Fleur Thesmar, head of the group, said it wants tenders begun "as soon as possible."

Vattenfall, the Nordic region's largest utility, said in February it would bid for concessions with ArcelorMittal (MT), Rhodia SA and Societe Nationale des Chemins de Fer Francais, the French national railroad. EON of Germany and Hydrocop Concessions, a power distributor in eight French regions, also teamed up.

The office of Environment and Energy Minister Delphine Batho declined to comment on the matter when contacted today.

To contact the reporter on this story: Tara Patel in Paris at [e-mail]

To contact the editor responsible for this story: Will Kennedy at [e-mail]

[waldron] 25/9/2012 09:05

September 24, 2012 9:34 am
Mongolia set for non-mining investment
By Leslie Hook in Beijing
A group of foreign energy companies is set to invest $1.3bn in a Mongolian power plant, the biggest foreign investment in Mongolia outside the mining sector.
GDF Suez of France, Posco Energy of South Korea, Sojitz of Japan and Newcom of Mongolia are negotiating the final details of a $1.3bn coal power plant that will supply power to Ulan Bator, according to three people close to the transaction.

The consortium announced in July that it was the preferred bidder for the project but negotiations over the contract had to be postponed while Mongolia's newly elected parliament formed a government, following nationwide parliamentary elections in June.
Now that the new government is up and running, the "final details" of the deal are being worked out and an agreement could be signed in one or two months, according to Bayanjargal Byambasaikhan, Newcom chief executive.
"The new power plant is a priority project for this country and the government wants to make it happen as soon as possible," he said. The power plant is scheduled to begin operations by 2016 and will supply roughly half of Ulan Bator's energy needs.
Mongolia is among the fastest growing economies in the world thanks to its vast natural resources, but its energy infrastructure has failed to keep pace with economic growth, leaving the country short of power despite its extensive coal resources. The new power plant will help alleviate the power shortage and reduce the need for electricity imports from Russia.
GDF, Posco and Sojitz will each hold a 30 per cent stake in the consortium, and Newcom will hold 10 per cent. GDF Suez will invest in the project through its subsidiary, International Power.
Of the $1.3bn price tag for the plant, $400m will be raised in equity by the four consortium partners and a further $950m will be raised in debt, according to Mr Byambasaikhan.
The imminent deal comes at a time when some foreign investors have started to pull back from Mongolia due to a new law on foreign investment. Earlier this year Mongolia passed new rules that mandate parliamentary approval for big investments in sectors including mining, banking and telecommunications. However, the power plant will not require parliamentary approval because the power sector is not covered by the foreign investment law.
Mongolia, a landlocked country with a $10bn economy, has seen a rush of foreign investment – accounting for two-thirds of GDP last year – as foreign mining companies rush to snap up mineral resources. Investment in the non-mining sector has been much slower, despite government efforts to diversify the economy beyond only natural resources.
Posco and GDF Suez declined to comment.
Additional reporting by Simon Mundy in Seoul

[waldron] 24/9/2012 20:18

MOUVEMENTS ET NIVEAUX

Après un plus haut à 20 EUR le titre corrige vers la moyenne mobile à 50 jours à 19.12 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 18.56 EUR et 18.14 EUR. Les résistances sont à 20.25 EUR et 20.67 EUR.

Dernier cours : 19.5
Support : 18.56 / 18.14
Resistance : 20.25 / 20.67
Opinion court terme : neutre
Opinion moyen terme : positive

[waldron] 20/9/2012 09:24

GDF Suez: EUR0.83 Per Share Interim Dividend To Be Paid Oct.25
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Thursday 20 September 2012


PARIS--GDF Suez SA (GSZ.FR) Thursday said its board of directors met Wednesday and confirmed the payment of the payment of an interim dividend of EUR0.83 per share for 2012, which will be paid out on October 25, 2012 with an ex-date on September 25, 2012.

MAIN FACTS:

- As announced on April 2, 2012 and in the context of International Power minorities acquisition, the GDF Suez's shareholders will exceptionally have the possibility to receive such interim dividend for 2012 in shares.

- Shareholders can exercise their share-based payment option via their financial intermediary between September 25 and October 15, 2012 inclusive, and that payment will settle the total interim dividend of their dividend entitlement.

- The subscription price is EUR16.86 per share.

- The French State and Groupe Bruxelles Lambert have already committed to elect for this option, as they did for the 2011 dividend balance. The cash or share-based dividend payment will be made on October 25, 2012..

- Furthermore, the Board of Directors noted, with effect at the close of the yesterday's Board meeting, the resignation of Mr. René Carron, Independent Director and Mr. Bruno Bézard, Director representing the State..

- It also approved the cooptation, with effect at the close of the yesterday's Board meeting, of Ms. Ann-Kristin Achleitner, Scientific Director of the Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM), of German nationality, replacing Mr. Carron.

-Write to Geraldine Amiel at [e-mail]

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