Compagnie De Saint-gobain Share Discussion Threads

[maywillow] 03/4/2019 10:46

Shares in Compagnie de Saint-Gobain SA (SGO.FR) trade higher Wednesday morning amid speculation that the French building-materials group is preparing to sell a majority stake in its pipe-making subsidiary to China's XinXing Ductile Iron Pipes Co. Ltd. (000778.SZ).

France's CFE-CGM union on Tuesday said the company is negotiating the sale of a 60% stake in its Pont-a-Mousson subsidiary, known as PAM, to XinXing.

A spokeswoman for Saint-Gobain said the company has been considering enlisting a partner for the business since mid-February, but that the process is still at an early stage.

At 0829 GMT shares were trading 3.7% higher at 34.78 euros ($38.95) having earlier risen more than 5%.

Saint-Gobain's spokeswoman said the pipe-making business has been in difficulties for five years and is being restructured to ensure the best conditions for its development over the next 10 years.

CFE-CGM said the Chinese pipe market is reaching saturation and warned that XinXing may view a deal with Saint-Gobain as a means of offloading its excess production in Europe.

Saint-Gobain has been selling off assets and overhauling its operational structure in an effort to strengthen margins and find savings. In February the company booked a EUR2.04 billion writedown, wiping around 11% off its net asset value.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

April 03, 2019 05:07 ET (09:07 GMT)

[grupo guitarlumber] 03/4/2019 08:55

invest.fr | The 03/04/19 at 09:07
SAINT GOBAIN
Saint-Gobain tops the Cac 40 thanks to Kepler Cheuvreux

Saint-Gobain climbed more than 4% to 34.92 euros, the largest rise in the CAC 40 in the first exchanges. Kepler Cheuvreux confirms his purchase opinion on the file and aims for a price target of 50 euros.

[adrian j boris] 02/4/2019 11:49

Average recommendation ACCUMULATE
Number of Analysts 21
objective Medium € 41.1
Last Closing Price 33,3 €
Difference / Objective High 50%
Difference / Average Objective 23%
Difference / Low Goal -6.8%

[adrian j boris] 02/4/2019 11:01

Analyst consensus at 01/04/19

objective 3 months: 39.48 EUR - Potential: 18.51%



Barclays, Saint-Gobain buy target of 40 euros.

important date to remember April 25th.

[waldron] 02/4/2019 07:50

Saint-Gobain: Jefferies starts the underperformance monitoring with target of 27,20 EUR.

[waldron] 28/3/2019 08:04

Saint Gobain: towards a 3rd test of 33E?
Cercle Finance • 27/03/2019 at 17:20

(Saint-Gobain.com) - Saint Gobain interrupts its correction towards 30,7E after drawing the sketch of a bearish 'M' under 33E (February 21 and March 18).

The title opens a 'gap' above 31.17E and is in position to re-test the double-top 33E

[the grumpy old men] 19/3/2019 10:37

Saint-Gobain: Undervalued Innovation Out Of France
Mar. 17, 2019 1:30 PM ET|
9 comments
|
About: Compagnie de Saint-Gobain S.A. (CODGF), CODYY
Wolf Report
Wolf Report
Long only, value, Growth, growth at reasonable price
(999 followers)
Summary

In this article we'll take a look at the French manufacturer Saint-Gobain.

The company is over 350 years old and manufactures products ranging from construction to everyday consumer products.

The company is, i believe, undervalued and merits your attention and potential investment.

In this piece, we'll take a trip to Saint-Gobain in France and take a look at the manufacturer of the same name, Saint Gobain S.A (OTCPK:CODGF) (OTCPK:CODYY). The article will delve into the specifics of this 350-year-old industrial manufacturing giant and seek to show you what I hope you agree is a potential undervaluation opportunity. I will argue that the company, at current valuations, presents an appealing opportunity to potentially diversify your portfolio geographically and in Euros, and this to a relatively appealing yield at relatively low risk.

My article will show you why I believe that Saint-Gobain presents some characteristics of a rather recession-resistant business which, despite producing industrial goods and construction-related materials, will fare pretty well in a coming recession. I hope that the article will result in sparking your interest in this French company to where you feel comfortable digging a little deeper on your own and potentially investing in the shares.

Let's get going!

(Source: MyNewsDesk)
Compagnie de Saint-Gobain S.A - From mirrors to molds

It all began with the rising popularity of fine mirrors in the 17th century, which were at that point imported from the Republic of Venice. The French minister of finance at the time wanted France to become self-sufficient in terms of luxury products and, as a result, strengthen the economy. To do this, he assisted in the creation of the Royal Mirror-Glass Factory, which would be a company that over the next 350 years had a strong tradition of socialist/state ownership/intervention up to 1987, when it was privatized completely for the last time (to date).

[the grumpy old men] 17/3/2019 09:36

March 14, 2019

PUBLICATION OF FINAL TERMS

Compagnie de Saint-Gobain, société; anonyme with registered office at Les Miroirs, 18, avenue d'Alsace, 92400 Courbevoie, France (the Issuer)

The final terms for the issuance of Euro 750,000,000 0.625% Notes due 15 March 2024 are available for viewing.

A copy of the final terms has been submitted to the National Storage Mechanism and is available for inspection at: www.morningstar.com

To view the full document, please paste the following URL into the address bar of your browser:

[grupo] 13/3/2019 14:10

Saint Gobain
32.045 +0.39%

[waldron] 12/3/2019 16:45

(SGO)
Euronext Paris - 12/03 17:35:24
31.92 EUR +1.72%

[waldron] 12/3/2019 16:43

PARIS (Agefi-Dow Jones) - Saint-Gobain gained 3.1% to 32.35 euros Tuesday morning, following the rise of Barclays recommendation on the value of "weighting online" to "overweight". The bank is seeing a growing disconnect between the construction materials manufacturer and its peers, both in terms of earnings expectations and valuation multiples. "The stock price includes a recession of the type of that of 2009", observes the financial intermediary, which raises its price target to 40 euros, instead of 36 euros before. "The consensus implicitly assumes zero growth in operating profit on a like-for-like basis, which is inconsistent with the sector and neglects exposure to emerging markets, favorable comparison bases for the first half and improved price-cost ratio" says Barclays. ([e-mail]) ed: VLV

[waldron] 12/3/2019 16:35

Apr 25 2019

2019 First Quarter Sales, after market closing (quiet period starting on April 8, 2019)


Jun 06 2019 3:00pm

Annual General Meeting (A.G.M.)

Jul 25 2019

Results for First-Half 2019, after market closing (quiet period starting on July 8, 2019)



Oct 24 2019

2019 Nine months sales, after market closing (quiet period starting on October 8, 2019)

[waldron] 12/3/2019 15:55

Barclays, Saint-Gobain buy target of 40 euros.

important date to remember April 25th.

[la forge] 12/3/2019 07:03

Saint-Gobain: Barclays goes to overweight with a price target raised from 36 to 40 EUR.

[maywillow] 06/3/2019 20:25

6/03/2019 | 7:32 p.m.
Saint-Gobain successfully launches a 1.5 billion euro bond issue in two tranches. The first tranche is for 750 million euros at 5 years with a coupon of 0.625% and the second at 750 million euros at 12 years with a coupon of 1.875%

'With this two-tranche transaction, Saint-Gobain is benefiting from favorable market conditions to extend the average maturity of its debt while optimizing its average financing cost,' the group says.

Saint-Gobain's long-term debt is rated BBB by Standard & Poor's and Baa2

[grupo guitarlumber] 26/2/2019 12:49

Dividend payment of 1.30 € on 11 June

[adrian j boris] 22/2/2019 19:27

22/02/2019 | 4:17 p.m.
Saint-Gobain lost 1.02% to 32.62 euros on the Paris market, after posting a net income group share down 73.2% to 420 million euros for the whole of 2018 And for good reason, the specialist in building materials has depreciated 2 billion assets.

"The acceleration of the transformation of the group continues with the establishment on 1 January 2019 of the new organization," commented the group, which "reviewed its valuation tests taking into account the current situation and revised prospects. down in some trades and countries ".

In this context, the asset depreciation concerns the United Kingdom, which is facing an uncertain context with Brexit in an increased competitive environment; the pipeline and Lapeyre, which are continuing their restructuring; but also the distribution in Germany, whose transfer process is well underway depending on the group.

"This list is strangely similar to the sales we expect," commented Oddo BHF, who remains a BUYER and lowers itsprice target from 47 to 45 euros. The bureau of analysis believes that the reorganization of the group hides a deep transformation, which is not yet appreciated by the market at its fair value

In addition, the building materials specialist posted a net current result up 6% to 1.727 billion over the year, and operating income up 3.1% to 3.122 billion. Gross operating surplus amounted to 4.324 billion, up 2.1%.

Turnover came to 41.774 billion euros, up 2.4% on a reported basis and 4.4% like-for-like.

Organic growth is driven by prices, as well as rising volumes in all geographic areas, in a context still marked by commodity and energy cost inflation.

"Although the results online are reassuring, the decline in cash flow is disappointing," summarized JPMorgan, which remains Neutral, with a target price of 39 euros.

Regarding its outlook for 2019, the group announces that it will continue to discipline its management of its free cash flow and its financial strength.

Thus Saint-Gobain, "in a context of a market that, despite uncertainties, should be generally favorable", aims a further increase in operating income at comparable structure and exchange rates for the current year.


AOL

[maywillow] 22/2/2019 10:07

22/02/2019 | 10:52

BARCELONA (Agefi-Dow Jones) - The € 2.04 billion asset write-down announced by Saint-Gobain on the occasion of its results is difficult to ignore, even if it is not an isolated case in the sector, says Davy Research. This expense erases around 11% of the group's net assets, or about € 3.75 per share, adds the financial intermediary. Except for this announcement, the results of Saint-Gobain in 2018 are quite strong, despite a complicated first half. Sales growth accelerated, but margins remained under pressure, indicating that the group intends to maintain or gain market share in a highly competitive environment, adds Davy Research. The title fell 1.6% to 32.42 euros.

-Nathan Allen, Dow Jones Newswires ed .: LBO

Agefi-Dow Jones The financial newswire

[maywillow] 22/2/2019 08:32

22/02/2019 | 9:18

PARIS (Agefi-Dow Jones) - Construction materials producer Saint-Gobain fell 2.7% in early trading Friday, to 32.28 euros, after publishing its annual results. Although the group's publication was broadly in line with expectations, the cash flow generation was disappointing, according to JPMorgan Cazenove.

[e-mail] ed: ECH

Agefi-Dow Jones The financial newswire

[sarkasm] 21/2/2019 23:21

22/02/19 | 08:30 Year 2018 Presentation of the results

[waldron] 21/2/2019 18:05

Compagnie de Saint-Gobain SA (SGO.FR) said Thursday that its 2018 net profit more than halved after it booked a large asset impairment, and proposed a slightly higher dividend than the year before.

The French construction-materials company reported net profit of 420 million euros ($476.5 million) for the year, down from EUR1.57 billion in 2017.

This was due to a EUR2 billion asset impairment, which mainly concerns "distribution in the U.K., Pipe, Lapeyre and distribution in Germany," Saint-Gobain said.

Saint-Gobain's sales for the year increased 2.4% to EUR41.77 billion. The company said that sales grew organically by 4.4% for the year and 4.8% during the last quarter of the year, and said it benefited from a strong pricing dynamic.

Analysts had seen sales for the year at EUR41.66 billion, according to a consensus estimate provided by FactSet.

Operating income for the year was EUR3.12 billion, up 4.5% year-on-year on a like-for-like basis, meeting the company's 2018 view of a LFL increase in operating income.

The company proposed a dividend of EUR1.33 a share, up from EUR1.30 a share the year before.



Write to Cristina Roca at [e-mail]; @_cristinaroca



(END) Dow Jones Newswires

February 21, 2019 12:42 ET (17:42 GMT)

[waldron] 21/2/2019 17:47

Outlook

The Group expects the following trends for its new reporting units in 2019:

- High Performance Solutions: industrial markets should remain supportive, particularly in the US, despite uncertainties on the automotive market in Europe and China;

- Northern Europe: should progress despite uncertainties in the UK with the increased risk of a no-deal Brexit;

- Southern Europe, Middle East and Africa: overall growth expected for the Region, with a construction market in France which should be supported by renovation while new construction could be down from the second half;

- Americas: market growth in both North and Latin America;

- Asia: further growth.

Saint-Gobain will continue its disciplined approach with regard to its free cash flow and its financial strength. In particular, it will maintain:

- its focus on sales prices amid continued inflationary pressure on costs;

- its cost savings program, with the aim of unlocking additional savings of around EUR300 million (calculated on the 2018 cost base), as well as more than EUR50 million in 2019 as part of the "Transform and Grow" program;

- its capital expenditure program close to the 2018 level, with a focus on growth capex outside Western Europe and also on productivity and continued digital transformation;

- its commitment to invest in R&D to support its differentiated, high value-added strategy;

- its focus on high levels of free cash flow generation.

The Group is targeting a further like-for-like increase in operating income in 2019.

Financial calendar

- An information meeting for analysts and investors will be held at 8:30am (GMT+1) on February 22, 2019 and will be broadcast live on:

www.saint-gobain.com/en/full-year-2018-results

- Sales for the first quarter of 2019: April 25, 2019, after close of trading on the Paris Bourse.

- First-half 2019 results: July 25, 2019, after close of trading on the Paris Bourse.

[waldron] 21/2/2019 07:22

Après Bourse :
- Saint-Gobain / résultats annuels