Guangdong Development Fund Share Discussion Threads

[waldron] 21/2/2013 08:47

GDF-Suez: enfonce les 14,6E.

(CercleFinance.com) - GDF-Suez enfonce le plancher des 14,6E et s'en va inscrire un nouveau plancher historique au niveau de la borne basse de son canal baissier (14,35E): en cas d'enfoncement, le prochain objectif pourrait bien se situer vers 13,6E (support oblique très long terme).

[waldron] 21/2/2013 08:35

GDF Suez:Starts Commercial Operation Of 118 MW Plant In Panama
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Today : Thursday 21 February 2013
GDF Suez Thursday said it has started full commercial operation of the last unit of the Dos Mares hydro plant, a 118 MW run-of-the river plant consisting of three power plants (Gualaca, Lorena and Prudencia), in Panama.
MAIN FACTS:
- Two power plants came on line in 2011 and the third one was commissioned recently. Dos Mares is situated in the Chiriqui Province in Panama and represents an investment of approximately $460 million (EUR360 million).
- Following an auction in 2008, GDF Suez sold 100 MW to distribution companies for a period of ten years, from 2013 to 2022. The Dos Mares hydroelectric complex is expected to provide 6,000 GWh for the length of this period. The project will avoid the equivalent of 350,000 tonnes per year of carbon emissions.
- GDF Suez entered the Panamanian market in 2007 through the acquisition of a 51% stake in Bahia Las Minas, Panama's largest thermal generating complex (249 MW). The Group also owns and operates the 83 MW Cátiva thermal plant.
-Write to Geraldine Amiel at [e-mail]
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[waldron] 20/2/2013 18:16

GDF Suez SA (EPA: GSZ)'s stock had its "neutral" rating reiterated by equities research analysts at NATIXIS SA in a research note issued to investors on Wednesday. They currently have a $22.40 (€17) price target on the stock.

[waldron] 16/2/2013 14:08

i believe the goodwill and intangibles have been misclassied
and are much too high, so conclude that this share is substantially undervalued

Will look again at months end

[waldron] 16/2/2013 13:38

the tangible book value is about 7 euros

so one has to decide what goodwill and intangibles
could be added back in to get a fair value

lets say a fair value is at least 17 euros

will get a better idea at months end


EDIT I MUST TO LOOK AT HOW LONG THE
GOODWILL AND INTANGIBLES WILL TAKE TO WRITE OFF

[the grumpy old men] 16/2/2013 09:51

At 27 euros per share, is the book value almost double the
current share price?

goodwill and intangibles seems to explain a substantial
part of the difference

i believe this share is undervalued at current price

[waldron] 16/2/2013 06:57

Le prix du gaz pourrait à nouveau baisser de 0,5 %
Après une baisse de 0,5 % en février, les tarifs du gaz de GDF Suez devraient à nouveau baisser de moins de 0,5% au 1er mars.

[waldron] 16/2/2013 05:49

CIC Securities reiterated their hold rating on shares of GDF Suez SA (EPA: GSZ) in a research report sent to investors on Friday morning. The firm currently has a $12.67 (€10) price target on the stock.

[waldron] 08/2/2013 08:52

JPMorgan Chase reiterated their overweight rating on shares of GDF Suez SA (EPA: GSZ) in a research report sent to investors on Thursday morning. The firm currently has a $16.22 (€12) price target on the stock

[waldron] 08/2/2013 07:35

Tractebel 4th-Quarter Profit Drops as Dry Weather Boosts Power Prices
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Today : Friday 8 February 2013
SAO PAULO--Tractebel Energia (TBLE3.BR), the Brazilian subsidiary of GDF Suez (GSZ.FR), reported Thursday a drop in fourth-quarter net profit due in part to higher electricity prices as more thermoelectric plants were needed in Brazil to make up for falling hydroelectic generation.
Net revenue climbed 16% to 1.27 billion Brazilian reais ($644 million), but profit dropped 3.6% to BRL433 million, Tractebel said in a regulatory filing.
Brazil's rainy season, which usually starts in the fourth quarter, started out drier than usual, leading to a drop in reservoir levels at hydroelectric dams. Because the country relies overwhelmingly on hydropower--about 85% of electricity is generated via dams--the lower reservoir levels required the firing of thermoelectric plants, which produce energy at much higher costs.
Tractebel is not much different, with about 85% of its installed capacity coming from hydoelectric sources. In order to supply all its customers with power, Tractebel had to buy more expensive energy from other generators on the open market, where prices were rising due to the abnormally dry weather.
Tractebel ended up paying a net BRL11.1 million for the energy, whereas in the year-earlier quarter it gained a net BRL47.4 million from selling energy, according to the filing.
For the year, however, Tractebel profited from buying and selling energy on the market, with a net gain of BRL244.8 million, the company said.
In the fourth quarter, earnings before interest, taxes, depreciation and amortization, or Ebitda, slipped 0.6% to BRL762.1 million, representing a 9.8 percentage point drop in Ebitda margins.
Write to Paulo Winterstein at [e-mail]

[ariane] 07/2/2013 16:54

GDF Suez SA, Europe's biggest utility by market value, will develop Africa's largest wind farm in Morocco as the nation seeks to boost power output without adding to emissions.

GDF Suez and local company Nareva Holding plan to complete the 300-megawatt Tarfaya project by the end of 2014, the Paris- based utility said today in a statement. The partners, using a 360 million-euro ($488 million) loan from Moroccan banks and 90 million euros of their own capital, will share development costs equally.

With rising electricity demand and untapped wind resources, Morocco is luring developers including Enel Green Power SpA and Xinjiang Goldwind Science & Technology Co. to build clean-energy projects. The North African nation aims to build 2,000 megawatts of wind capacity by 2020 to curb dependence on fossil fuels.

VIDEO: BNEF Podcast on German Debate on Renewable Costs
GDF Suez and Nareva have signed a 20-year agreement to sell the power generated at their project in the southern coastal desert to Morocco's Office National de l'Electricite & de l'Eau Potable. "Optimal" wind conditions will give the site a utilization rate of 45 percent, GDF Suez said.

"There's no uncertainty about power prices or volumes," GDF Suez Chief Executive Officer Gerard Mestrallet said today on a conference call. "There's no risk."

To contact the reporters on this story: Tara Patel in Paris at [e-mail]; Ladka Bauerova in Prague at [e-mail].

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

[waldron] 06/2/2013 12:28

GDF SUEZ : le mal-aimé ?Abonnez-vous pour
moins de 1€ par jour ! Il y a 31 minutes

(Boursier.com) -- Berenberg assigne une recommandation à la vente sur GDF SUEZ, même si son opinion est actuellement en cours de révision. Pour l'heure, le courtier valorise le dossier 13,90 euros l'action. Le spécialiste pense que le titre est actuellement mal-aimé, mais juge qu'il est trop tôt pour aller à contre-courant du marché. L'entreprise semble afficher une génération de liquidités correcte, une bonne position sur les marchés émergents et une exposition plus faible que ses comparables au vieux continent. Pourtant, elle n'a pas échappé à la purge globale du secteur, et malgré les efforts de rationalisation du management, elle reste complexe et recèle quelques risques intrinsèques.

Le rendement du dividende offre actuellement un solide support, mais Berenberg doute de sa pérennité sur ces niveaux à compter de 2015. L'analyste craint, pour les deux ans qui viennent, une actualité peu porteuse, des réductions de coûts et des restructurations, ce qui le rend prudent.

[waldron] 05/2/2013 17:00

(CercleFinance.com) - Les 'utilities' retrouvent depuis 48H -et malgré le plongeon de -3% du CAC40- leur atrait aux yeux des investisseurs (rendement oblige) et GDF-Suez repasse au-dessus des 15E: le prochain bjectif pourrait bien se situer vers 16E.

[waldron] 04/2/2013 15:38

GDF Suez Submits Extra Safety Test Plan for Belgian Nuclear Reactors
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Gdf Suez (EU:GSZ)
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Today : Monday 4 February 2013
BRUSSELS--French energy giant GDF Suez SA (GSZ.FR) has submitted to the Belgian nuclear safety authorities a plan for extra tests on the two reactors shut last year after micro-cracks were found, the company said in a statement Monday.
Electrabel, GDF's Belgian unit, "submitted its action plan with a detailed planning for approval" by the Federal Agency of Nuclear Control, the company said in a statement. "Electrabel will carry out the tests with the greatest rigor. According to the estimations, these tests would be realized before the end of March," it said.
Two of the seven nuclear reactors in Belgium were closed over the summer after tests carried out with new technology found cracks in the steel of the reactor containment vessels.
Write to Alessandro Torello at [e-mail]
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[waldron] 03/2/2013 07:15

CM-CIC Securities confirme aujourd'hui son opinion "Achat" et son objectif de cours de 23 euros sur GDF Suez.

[waldron] 02/2/2013 09:06

Feb. 1 (Bloomberg) --Energia Sustentavel do Brasil, a partnership between GDF Suez (GSZ) and subsidiaries of Centrais Eletricas Brasileiras SA (ELET6), received regulator approval to begin operations at its Jirau hydro dam on March 1.

The dam was previously expected to begin operations on Jan. 1, Nelson Hubner, the head of the electricity regulator known as Aneel, said in Brasilia today.

The 3.750 megawatt dam in northern Brazil is expected to begin generating energy in May, when transmission lines connect the dam to the nation's grid. Jirau is expected to be fully operational by June 2015, according to the calendar approved today by Aneel.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at [e-mail]

To contact the editor responsible for this story: Jasmina Kelemen at [e-mail]