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[waldron] 10/8/2011 08:56

UPDATE: GDF Suez Shares Up On Earnings, China Investment Deal
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Wednesday 10 August 2011
By Max Colchester

Of The Wall Street Journal

PARIS--GDF Suez SA (GSZ.FR) Wednesday posted a decrease in first half net profits and announced a partnership with sovereign debt fund China Investment Corp. to trim debt and boost the French power group's presence in Asia.

The Paris based group reported an 8.2% rise in earnings before interest, tax, depreciation and amortization, or Ebitda, helped by the consolidation of results from International Power Plc (IPR.LN). The group recorded a 7.9% increase in first-half revenues to EUR45.7 billion compared to last year. Ebitda came in slightly above analyst expectations of EUR 8.79 billion.

Net profit, however, fell 24% to EUR2.7 billion after GDF Suez was hit by adverse weather conditions that reduced demand for natural gas in Europe. The 2010 results had also been boosted by a one-off gain.

GDF Suez shares were up .78, or 3.8% to 20.80 at 905 CET, quite a bit higher than the broader French index.

GDF Suez confirmed earlier media reports that it was in advanced talks to sell a 30% stake in its production and exploration business to CIC for EUR2.3 billion. This is part of a wider deal whereby the CIC will help expand GDF Suez's presence in the Asia Pacific region by co-financing projects across all the company's business divisions. The deal also allows CIC to help GDF Suez build its operations in China itself.

CIC will also acquire a 10% stake in GDF Suez's LNG liquefaction plant in Trinidad and Tobago worth EUR600 million. In total both deals are expected to net GDF Suez EUR2.9 billion, the company said.

The partnership is part of CEO Gerard Mestrallet's drive to cut the company's EUR40 billion debt load. Net debt would stand EUR35.4 billion if deals announced by the company are taken into account.

"It's an important step for the group," Mestrallet said of the China deal. "It confirms our target to grow in emerging countries." Mestrallet added that the group aims to boost its electricity production business in the Asia Pacific region by 5% in the next two years.

The group, the world's biggest power utility in terms of revenue following a deal earlier this year with U.K.-based power distributor International Power, said it still expects 2011 Ebitda between EUR17 billion and EUR17.5 billion, excluding the impact of unfavorable weather in the first half of the year and the risk of a freeze on the price the company can charge to distribute natural gas in France. The unseasonably warm spring in Europe had a EUR465 million impact on results in the first six months of the year due to depressed energy demand for heating amid temperate weather.

Over the past six months, shares in GDF Suez lost around 30% due to fears over the economic recovery and sovereign debts in Europe and as the Fukushima accident cast doubt over the nuclear energy prospects.

-By Max Colchester, The Wall Street Journal, [phone]; [e-mail]

[waldron] 10/8/2011 07:09

GDF Suez Reports Higher 1st Half Revenue, E&P Deal With China Investment Corp
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Wednesday 10 August 2011
PARIS (Dow Jones) -- GDF Suez SA (GSZ.FR) Wednesday posted 7.9% increase in first half revenues and announced an alliance with sovereign debt fund China Investment Corp to boost the French power group's presence in Asia.

The Paris group posted an 8.2% rise in earnings before interest, tax, depreciation and amortization, or Ebitda, to EUR8.9 billion boosted by higher oil and gas prices and the consolidation of results from International Power Plc (IPR.LN) and Spanish utility Agbar, in spite of adverse weather conditions during the period. Ebitda came in slightly above analyst expectations of EUR 8.79 billion.

Net profit fell from EUR3.57 billion a year earlier to 2.74 billion.

The group also confirmed it was in advanced talks to sell a 30% stake in its exploration and production business to CIC for EUR2.3 billion. This is part of a wider deal where the CIC will help expand GDF Suez's presence in the Asia Pacific region by co-financing projects across all the company's divisions. The deal also allows CIC to help GDF Suez build its operations in China itself. As part of the deal CIC will also acquire a 10% stake in a liquefaction plant in Trinidad and Tobago.

"The deal illustrates the group's capacity to position itself in the most promising markets," CEO Gerard Mestrallet said in a statement.

Over the past six months, shares in GDF Suez lost around 30% along with worries over the economic recovery and sovereign debts in Europe and as the Fukushima accident cast doubt over the nuclear energy prospects.

-By Max Colchester of The Wall Street Journal

[waldron] 09/8/2011 20:07

GDF Suez expected to ink Chinese fund deal
(AFP) – 3 hours ago
PARIS - French energy group GDF Suez was on Tuesday set to sign an alliance with Chinese sovereign wealth fund CIC, sources close to the deal said.

China Investment Corporation was expected to take a 30 percent stake in the French company's exploration and production arm in an agreement reportedly worth between two and three billion euros ($3-4 billion).

The companies were set to sign the deal Tuesday before making an official announcement on Wednesday when GDF Suez publishes its half-year results.

The agreement stipulates that Chinese funds may be used in GDF Suez investments across the Asia-Pacific region except China, the CIC not being permitted to invest in its own country, the French financial daily Les Echos reported Monday.

GDF Suez said it did not wish to comment. Spokesman Jerome Chambin said only that Asia-Pacific was "a major development zone for the group."

"It's quite clear that the Chinese want access to energy resources given their huge need ... While GDF wants access to the Chinese market," said Colette Lewiner, energy director at consulting firm Cap Gemini.

China, which mainly relies on coal energy, is beginning to turn towards gas and GDF Suez, whose production is currently anchored in the North Sea and the Maghreb, has major projects in Asia-Pacific and Australia and Indonesia in particular.

CIC was established in 2007 to invest some of China's huge foreign exchange reserves on the global financial markets.

China has the world's largest foreign exchange reserves, standing at $2.8 trillion (2 trillion euros) at the end of 2010.

The CGT labour union has condemned the alliance as the "carving up" of the historic Gaz de France company.

Despite a commitment "to preserve an integrated group," the union said, "the carving up of a historic business to finance the international development of GDF Suez is continuing."

[waldron] 09/8/2011 19:56

..GDF Suez expected to ink Chinese fund deal
By Loic Venance | AFP – 1 hour 24 minutes ago....tweet0EmailPrint......Related Content.
..
Enlarge Photo.French energy group GDF Suez was on Tuesday set to sign an alliance with Chinese ...
....French energy group GDF Suez was on Tuesday set to sign an alliance with Chinese sovereign wealth fund CIC, sources close to the deal said.

China Investment Corporation was expected to take a 30 percent stake in the French company's exploration and production arm in an agreement reportedly worth between two and three billion euros ($3-4 billion).

The companies were set to sign the deal Tuesday before making an official announcement on Wednesday when GDF Suez publishes its half-year results.

The agreement stipulates that Chinese funds may be used in GDF Suez investments across the Asia-Pacific region except China, the CIC not being permitted to invest in its own country, the French financial daily Les Echos reported Monday.

GDF Suez said it did not wish to comment. Spokesman Jerome Chambin said only that Asia-Pacific was "a major development zone for the group."

"It's quite clear that the Chinese want access to energy resources given their huge need ... While GDF wants access to the Chinese market," said Colette Lewiner, energy director at consulting firm Cap Gemini.

China, which mainly relies on coal energy, is beginning to turn towards gas and GDF Suez, whose production is currently anchored in the North Sea and the Maghreb, has major projects in Asia-Pacific and Australia and Indonesia in particular.

CIC was established in 2007 to invest some of China's huge foreign exchange reserves on the global financial markets.

China has the world's largest foreign exchange reserves, standing at $2.8 trillion (2 trillion euros) at the end of 2010.

The CGT labour union has condemned the alliance as the "carving up" of the historic Gaz de France company.

Despite a commitment "to preserve an integrated group," the union said, "the carving up of a historic business to finance the international development of GDF Suez is continuing."
...

[waldron] 09/8/2011 07:17

TIDMIPR

RNS Number : 9847L

International Power plc

09 August 2011

International Power plc

Interim Report for the six months ended 30 June 2011

(London - 9 August 2011) International Power today announces its interim results for the six months ended 30 June 2011 and reports on key developments to date.

Dirk Beeuwsaert, Chairman of International Power, said "I am pleased to report that performance in the first half is up on last year, benefiting from a higher contribution from Latin America and North America, together with outperformance on committed synergies from the combination. The Board is pleased to announce an interim dividend of 4.40 euro cents per share.

Several projects under construction have successfully commenced operation in 2011 and we are on track to deliver over 2GW of new capacity in the full year. We have a strong pipeline of committed projects and continue to develop a range of new opportunities, positioning us to deliver sustained growth in shareholder value."

Pro Forma(1) Financial Highlights

-- Revenue EUR8,104 million (2010: EUR7,660 million) - up 6%

-- EBITDA(2) EUR2,170 million (2010: EUR1,973 million) - up 10%

-- Adjusted Current Operating Income(2) EUR1,471 million (2010: EUR1,350 million) - up 9%

-- Underlying Earnings Per Share(2)

-- Before purchase price allocation adjustments 13.9 cents per share, 12.1 pence per share (2010: 13.4 cents per share, 11.7 pence per share) - up 4% (up 4% at constant currency)

-- After purchase price allocation adjustments 13.3 cents per share (2010: 12.9 cents per share) - up 3% (up 3% at constant currency)

-- Free cash flow(3) of EUR1,048 million (2010: EUR1,336 million)

-- working capital outflow of EUR335 million in H1 2011

-- Interim dividend 4.40 cents per share - 3.82 pence per share

-- Synergies of EUR46 million delivered in H1 2011 and full-year target increased by EUR13 million to EUR103 million

Outlook

We continue to expect growth in 2011 with performance in the second half anticipated to be similar to the first half, despite the current economic backdrop. Overall our construction programme is progressing well and is on plan to deliver the anticipated EBITDA growth in 2013, despite the delay at our Jirau hydro project in Brazil. Greater integration in our merchant markets, in particular through LNG and retail activities, provides more resilience to our portfolio. We are confident of delivering sustained growth in shareholder value from our significant pipeline of development projects in emerging markets, coupled with our strong competitive position and future recovery in merchant markets.

[grupo guitarlumber] 08/8/2011 08:42

Le lundi 8 août 2011, à 9h 18
(CercleFinance.com) - HSBC (London: HSBA.L - actualité) relève sa recommandation sur GDF Suez (Euronext: GSZ.NX - actualité) de deux crans, passant directement de 'sous-pondérer' à 'surpondérer', mais ajuste son objectif de cours de 25 à 24 euros sur le titre du géant énergétique

[grupo guitarlumber] 08/8/2011 08:36

GDF SUEZ RAISED TO OVERWEIGHT FROM UNDERWEIGHT AT HSBC

[grupo guitarlumber] 08/8/2011 06:57

Last week, Credit Suisse reiterated its "underperform" rating on International Power, sending the shares 9.7 lower to 293.1p. Analysts at the broker said International Power has been the worst performing UK utility on a total return basis over the past three, six and nine months. The company will be anxious to show that following its merger with GDF Suez it has a plan for building shareholder value.

[ariane] 05/8/2011 20:51

GDF Suez : support à 18.8.

Imprimer..Sociétés :GDF SUEZGDF SUEZRubriques :Bourse.Cours associés
Symbole Cours Variation
GSZ.NX 20,41 -0,60

GSZ.PA 20,41 -0,60


Suivre ces actions
{"s" : "GSZ.NX,GSZ.PA","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Le vendredi 5 août 2011, à 19h 29
Sur les 5 derniers jours, le titre s'est effondré de 10.6%. Depuis le début de l'année, il est en baisse de 23.99%.

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 : 21.4 puis 21.7. Tandis que les prochains supports sont sur : 19.3 puis 18.8.

Notre préférence : Le titre GDF Suez (Euronext: GSZ.NX - actualité) (GSZ) est baissier tant que 21.7 est résistance.

Le point d'invalidation de notre scénario est situé sur : 21.7.
Cours de référence : 20.4

[grupo guitarlumber] 05/8/2011 07:55

10 august 2011
2011 half-year results



10 november 2011
Ex-interim dividend date

PAY DATE 15 NOV 2011

EUROS 0.83

[grupo guitarlumber] 03/8/2011 20:48

Dividend Cuts Seen at EON, RWE as Atomic-Power Exit Cuts Profit
QBy Kari Lundgren - Aug 3, 2011 5:48 PM GMT+0200 .
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A RWE AG Nuclear Power Plant Cooling Tower Operates Hannelore Foerster/Bloomberg
EON AG and RWE AG , the European power companies with the highest dividends, are poised to cut their payouts as they face declining profit and higher costs after Germany decided to phase out nuclear plants.

EON AG and RWE AG , the European power companies with the highest dividends, are poised to cut their payouts as they face declining profit and higher costs after Germany decided to phase out nuclear plants. Photographer: Hannelore Foerster/Bloomberg
.EON AG and RWE AG (RWE), the European power companies with the highest dividends, are poised to cut their payouts as Germany's pledge to phase out nuclear plants erodes profit and increases costs.

EON, yielding 8 percent after its shares lost a fifth of their value this year, may cut its dividend to 1 euro ($1.43) from a 1.30-euro minimum promised last year, Nomura Holding Inc.'s Martin Young forecast. RWE pays 9.8 percent, following a 30 percent slump in the market. It may need to slash this year's payout 32 percent, according to analysts at Citigroup Inc.

Dividend cuts may drive investors to switch into U.K. and central European utility stocks, such as Austria's Verbund AG (VER) and Scottish & Southern Energy Plc (SSE), where power prices are likely to increase and local regulators aren't ordering plant shutdowns, analysts at Deutsche Bank AG and Credit Suisse said.

"The question is not if they cut their dividends, it's by how much," Kepler Capital Markets analyst Ingo Becker said in a phone interview from Frankfurt. "Losing nuclear hits earnings and could be a reason to change their payout policy."

A public backlash following the meltdowns and radiation escapes at Japan's Fukushima Dai-Ichi plant drove the German government to announce plans to close all its reactors by 2022. First-half earnings may drop 55 percent at EON and 42 percent at RWE because of costs associated with the nuclear phase-out, according to research by analysts at UniCredit SpA.

Germany's Reactors

Essen-based RWE, with five of Germany's 17 reactors, is scheduled to close its first in 2016. EON, with six, is set to begin unplugging by 2019 under the German government's plan.

Rebecca Middleton, a spokeswoman for EON in Dusseldorf, and Annett Urbaczka, a spokeswoman for RWE in Essen, declined to comment when contacted by Bloomberg News. EON fell 1.2 percent to 18.22 euros in Frankfurt trading. RWE fell 1.8 percent to 34.53 euros.

EON will consider reducing its 1.30-euro minimum guaranteed dividend for 2011 and 2012 at an Aug. 8 supervisory board meeting, Rheinische Post reported yesterday, citing unidentified people close to German labor unions.

Political risks and rising fuel costs for natural gas are undermining the defensive qualities of some European utility stocks, UniCredit analysts including Scott Phillips wrote in a July 8 note to investors. Investors seeking security should consider stocks with minimal political risk and markets that are open to rate increases, they said.

Attractive Policies
GDF Suez (GSZ) SA in France, which is paying about 6.8 percent, and Italy-based Enel SpA (ENEL), at 7.2 percent, both have attractive dividend policies, the UniCredit analysts said. Verbund and CEZ AS offer investors access to central European power prices, which are likely to rise as older plants are shut down, according to Deutsche Bank.

The European debt crisis has left governments scrambling to raise money, often by imposing taxes on utilities.

The Finnish government announced plans in June to collect 170 million euros annually in a windfall tax on any gains made from emissions trading by the country's utilities.

In France, EDF faces the political risk of presidential elections next June and is under pressure from legislation that forces the company to sell more power to rivals.

Britain is a "safe haven," Ashley Thomas, an analyst at MF Global Holdings Ltd., said in an interview. "Although the political risk has increased on an absolute basis, it's still lower than in other countries like France and Germany," he said. RWE's dividend may decline from 3.50 euros in 2010 to 1.90 euros in 2011, he added.

Committed to Paying
Centrica, based in Windsor, England, said in 2008 that it will increase dividends at least in line with the U.K.'s Retail Price Index. Scottish & Southern, which has paid stockholders an above-inflation annual dividend for the last 12 years, committed to a full-year payment of at least 2 percent more than inflation in fiscal year 2012 and 2013.

"Scottish & Southern and National Grid Plc (NG/) have high dividend yields, but I think they are sustainable," Credit Suisse analyst Mark Freshney said in an e-mail. Both companies give shareholders the option to take stock in new shares rather than cash, and between 15 percent and 29 percent usually do, he said. The grid operator has a 6.8 percent yield.

EON management is likely to cut its 2011 and 2012 dividend to 1.10 euros per share and maintain a 50 percent to 60 percent payout policy in 2013, Sofia Savvantidou and Andrew Simms, analysts at Citigroup, wrote in a note to investors. Such a cut would ensure payments are sustainable and save the utility, Germany's largest, more than 1 billion euros in cash flow and 22 billion euros in balance sheet reserves, they said.

'One Big Cut'
"Because of the pressure these companies have been having -- operationally and from government -- their balance sheets are stretched," Savvantidou said in a telephone interview. "It's better to make one big cut than four or five small ones."

EON plans to update the market on its strategy on Aug. 10 in an earnings presentation, while RWE will release first-half results on Aug. 11.

"The dividend payout is one contributing element to their debt, but the other story is politics," Kepler's Becker said. The companies may cut jobs at home and rely more on operations abroad, he said, adding RWE may also consider a rights offering.

To contact the reporter on this story: Kari Lundgren in London at [e-mail]

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

[ariane] 01/8/2011 13:29

Brazil Tractebel 2Q Net Profit BRL358.8 Million Vs BRL269.5 Million
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Monday 1 August 2011
Tractebel Energia SA (TBLEY, TBLE3.BR), the Brazilian unit of GDF Suez SA (GSZ.FR), said over the weekend that net profit for the second quarter increased 33.1% as it sold more electricity and for higher prices on the spot market.

Tractebel's net profit rose to 358.8 million Brazilian reais ($231 million) in the second quarter, up from BRL269.5 million a year earlier.

Figures were compiled using international financial reporting standards, or IFRS.

Revenue climbed to BRL1.18 billion from BRL1.07 million in the second quarter of 2010. Earnings before interest, taxes, depreciation and amortization, or Ebitda, grew to BRL725.5 million from BRL639.4 million.

Net debt for the second quarter was at BRL3.13 billion, up from BRL2.2 billion at the end of the second quarter of 2010.

-By Rogerio Jelmayer, Dow Jones Newswires; 5511-3544-7071; [e-mail]

[ariane] 30/7/2011 10:13

GDF Suez : support à 21.9.

Imprimer..Sociétés :GDF SUEZGDF SUEZRubriques :Bourse.Cours associés
Symbole Cours Variation
GSZ.NX 22,83 -0,36

GSZ.PA 22,83 -0,36


Suivre ces actions
{"s" : "GSZ.NX,GSZ.PA","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Le vendredi 29 juillet 2011, à 21h 28
Sur les 5 derniers jours, le titre s'est effondré de 4.64%. Depuis le début de l'année, il est en baisse de 14.97%.

Du point de vue de l'analyse technique : le RSI est inférieur à sa zone de neutralité des 50. Le MACD est supérieur à sa ligne de signal et négatif. La configuration est mitigée à court terme. Enfin, le titre est inférieur 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 : 23.9 puis 24.4. Tandis que les prochains supports sont sur : 22.2 puis 21.9.

Notre préférence : Un rebond court terme sur GDF Suez (Euronext: GSZ.NX - actualité) (GSZ) est possible.

Le point d'invalidation de notre scénario est situé sur : 21.9.
Cours de référence : 22.8.