Intl Power Share Discussion Threads

[elmfield] 25/8/2011 13:13

one of my fav shares but why the rise! lol!

[grupo guitarlumber] 18/8/2011 07:47

International Power To Expand Jirau Hydro Project In Brazil
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Intl Power (LSE:IPR)
Intraday Stock Chart
Today : Thursday 18 August 2011
Electricity generating company International Power PLC (IPR.LN) Thursday said the Jirau hydro project in Brazil will be expanded from the original concession of 44 units to 50 units following a successful outcome of the A-3 energy auction on Aug. 17.

MAIN FACTS:

-Expansion will take the total capacity of the project under construction from the initial 3,300MW, or megawatt, to 3,750MW, with the majority of its output contracted under long-term Power Purchase Agreements, or PPAs.

-Six units have been allocated 209MW of assured energy and 100% of this energy has been sold in the regulated market at an inflation-indexed price of U.S.$64/MWh for 30 years commencing in 2014.

-Total assured energy for the whole project now amounts to 2,184MW, of which 73% is contracted under long-term PPAs; Balance will be sold in the free market.

-Expansion may allow for a further 90MW of assured energy to be allocated to the project.

-International Power is 70% owned by GDF SUEZ (GSZ.FR).

-Shares on Wednesday closed at GBP2.992.

-By Tapan Panchal, Dow Jones Newswires. Tel [phone], [e-mail]

[shauney2] 10/8/2011 09:03

optomistic...I thought they were a bit better than sound.

A couple of nice target prices from brokers.Doubt they will get over 400p for a long time in these markets.

[optomistic] 09/8/2011 14:12

shauney2 - 8 Aug'11 - 16:25 - 1087 of 1089


Holding up well considering.
Hope the results tomorrow are nice and boring.
===================================================

Not holding up very well now, modest result I would think but sound enough in this enviroment IMO
Am I not seeing something that would cause this drop, although I am aware that a % will be attributable to the current situation?

[waldron] 09/8/2011 07:16

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.

[shauney2] 08/8/2011 16:25

Holding up well considering.
Hope the results tomorrow are nice and boring.

[jacks13] 28/6/2011 21:26

"International Power GDF Suez is in talks with Duke Energy Corp. (DUK) to possibly merge the companies' Latin American assets"



Edit: update 30 June 2011

" Duke told Brazilian regulators "it's not going to happen" "

[iomhere] 26/5/2011 11:03

optomistic
Thanks for your response. It looks sure and steady - likewise SSE which may be fully valued at the moment but is imo worth a glance.

[optomistic] 25/5/2011 15:23

IOMhere
IPR is currently my largest holding and I have confidence in the future of the company.
However I was looking forward to a shorter timscale on the return to the 400's
even then I am not at the moment planning to sell on acheiving that initial target.
DYOR
Regards
opto

[iomhere] 25/5/2011 13:16

optomistic
You either hold because you rate the stock, in which case sit back and relax and don't worry about day-to-day movement or you sell, fixing a limit a bit higher than the then current price, because you are nervous of holding.

[optomistic] 23/5/2011 16:22

Dropping today not good just two days before going x/d on Wednesday.
The return to the 400's could take a little longer than I thought it would....but who knows for sure, keep the fingers crossed I guess :-/

[shauney2] 28/4/2011 16:10

New 420p target from Investec

[shauney2] 27/4/2011 15:15

From Barclays

Equities Daily

Todays focus: International Power – Reiterate Accumulate


We recently upgraded our recommendation on the Utilities sector, in the light of stronger power prices, sustained yields, and political risk better reflected in valuations.

In the UK, our favourite name remains International Power. After a strong run last year, the shares paused for breath over the past couple of months. But we believe the upcoming Interim Management Statement tomorrow will refocus investors on the group's ongoing projects and superior growth prospects. The company targets to add to its existing 66,000MW fleet another 22,000MW by 2013, while maintaining a good balance in terms of fuel (gas, oil, coal, renewable). Financing should also be easier post combination with GDF Suez, with the group's credit rating now lifted to investment grade.

A well diversified presence in the UK, America, Middle East and Australia should give the group the opportunity to benefit from the recovery of global power prices. The part of the output sold via contracts should limit downside risk.

With the new entity, management is forecasting financing synergies of £61million, and operating synergies of around £104 million, which should support earnings growth rates towards the top end of the European utility sector. As project execution unfolds and synergies are realised, we see further upside to the current IPR share price, and our fair value for the stock is 400p.

[fuiseog] 17/3/2011 12:14

Although it won't do GDF any good in the short/medium term, the collapse in confidence in the nuclear industry will almost certainly benefit IPR.

In the short term generation from nuclear sources will hiccup as countries review it. Demand from other sources, particularly gas, will rise to fill the gap, and prices will rise with it. United States Natl Gas fund ETF (UNG:NYSE) has jumped from its all time low of just over $5 to $10.5 in the past week.

There is a reasonable prospect of reversing the 9%+ fall in share price since the special divi was paid.

[losos] 07/3/2011 17:39

The deal with GDF Suez may be good for IPR's international aspirations especially in the developing economies but as a virtual wholly controlled subsidiary of GDF Suez (OK I know it's actually 70% but they WILL be calling the shots from now on) the future dividend stream looks unexciting to me. As mentioned above the new board members from France will want to keep as much as possible in the company bank account and have little incentive to be overly generous with dividends from now on, it's a shame that what looked like a good income earner has now disappered from my 'watch' list. I can see the remaining 30% going to GDF Suez within 3 or max 5 years.

[jacks13] 02/3/2011 14:07

Phil Cox on Bloomberg earlier today.

[jeffian] 25/2/2011 12:14

Special Divi cheques just received in today's post.

8-)

[littleweed] 15/2/2011 09:15

harvester, given your investment strategy above what are your favs if you don't mind me asking?.

[harvester] 15/2/2011 09:07

thank you for the info re dividends.
I normally prefer defensive shares with at least 5% divi yield but am considering making an exception here since IPR seems well positioned after the merger .

[optomistic] 10/2/2011 13:53

harvester, guess non of us will be sure until the next results. We are in the hands of GDF now.