Neuste Beiträge aus: Tallinna Vesi - estnischer Wasserversorger

28.01.2011 09:47
Tallinna Vesi: CORRECTION: AS Tallinna Vesi's main business operating profit decreased by 10.1% in 2010

Corrected main business operating profit decrease number from 10.9 per cent to 10.1 per cent


Tallinn, Estonia, 2011-01-28 09:46 CET (GLOBE NEWSWIRE) --In 2010 AS Tallinna Vesi's operating profit from water and wastewater related activities decreased by 10.1 per cent to 377.9 million kroons (24.15 million euros) compared to 2009. Profits from other activities increased by 25.2 per cent to 51.8 million kroons (3.31 million euros).

AS Tallinna Vesi's CEO Ian Plenderleith said that last year's financial results were severely impacted by sales volume decreases in Tallinn and higher pollution tax and electricity costs.. "Whilst the sales revenue decrease in Tallinn was compensated by a volume increase in outside service areas and the first full year implementation of the Maardu contract, our costs were severley impacted by the exceptional weather conditions, increased pollution load and a surge in electricity costs that resulted from the opening of the electricity market," commented Plenderleith. Additionally the reduction of water and wastewater tariffs by 0.9 per cent January 2010 also contributed to the drop in sales revenues in Tallinn.

"We are however pleased that while dealing with difficult challenges, we have managed to ensure the best ever drinking water quality for the residents of the city," added Plenderleith. 99.59 per cent of water samples taken from the taps of the customers were compliant with quality requirements, exceeding the 95 per cent requirement established by law and the Services Agreement.

AS Tallinna Vesi invested 274.3 million kroons (17.53 million euros) into reconstruction and construction of new fixed assets in 2010. The main new projects were the construction of the additional treatment stage at Paljassaare wastewater treatment plant and the completion of the network extension program. AS Tallinna Vesi laid 61,9 kilometres of new pipes in 2010 and gave more than 1100 families the opportunity to connect to the public water and wastewater network.

In the third quarter of the year, the Anti-Monopoly Bill was passed and became effective on November 1st, transferring the water and wastewater tariff approval process from the City of Tallinn to the Competition Authority . On November 9th the Company submitted a five year tariff application to the Competiton Authority, within which requesting a 3.5% tariff increase in 2011. This application was made as per the terms contractually agreed in the Services Agreement and in accordance with best practice regulation for privatized utilities - based on the principles used by Ofwat in the UK.

"At this point in time the Company is unable to say what the tariffs will be for 2011 as it is unclear how the Competition Authority intends to analyze and proceed with the application, and whether the Competition Authority will consider the terms and conditions of the privatisation contract and Services Agreement," noted Plenderleith.

Tallinn, Estonia, 2011-01-07 08:27 CET (GLOBE NEWSWIRE) --In 2011 the financial results of the AS Tallinna Vesi will be disclosed on the following dates:

28.01.2011 Preliminary, unaudited results for 2010

25.03.2011 Audited results for 2010

29.04.2011 Q1 results for 2011

29.07.2011 Q2 results for 2011

28.10.2011 Q3 results for 2011

The AGM is planned to take place on 17 May 2011.

10.12.2010 13:25
Tallinna Vesi: AS Tallinna Vesi lodges complaint to the European Commission
AS Tallinna Vesi has on 10th of December 2010 lodged a complaint to the European Commission regarding certain measures adopted by the Estonian authorities - in particular the Anti-Monopoly bill and its implementing measures - which the company contends unilaterally alter the terms of AS Tallinna Vesi's privatisation without any form of meaningful prior discussion or willingness to engage in dialogue, and therefore violate EU rules on the freedom of establishment and the free movement of capital (articles 49 and 63 TFEU).

Priit Koff Head of Public Relations AS Tallinna Vesi +372 62 62 209 priit.koff@tvesi.ee

20.10.2010 07:55
Tallinna Vesi: AS TALLINNA VESI OPERATIONS PERFORMANCE 9 MONTHS 2010
AS Tallinna Vesi's overall operating performance in the third quarter of 2010 was very good, with very high water quality results and significant improvements in service reliability. The number of planned interruptions in the third quarter exceeded the number of unplanned interruptions, thus allowing the Company to notify its customers of service interruptions beforehand. The number of complaints has also been decreasing from the beginning of the year due to restructuring of customer service operations. AS Tallinna Vesi remains on target to achieve its required levels of service and quality standards agreed with the City of Tallinn in the Services Agreement by the end of 2010.

-------------------------------------------------------------------------------- | Operation Performance | 2009 1-9 months | 2010 9 months | -------------------------------------------------------------------------------- | Water | | | -------------------------------------------------------------------------------- | Water compliance at customers | 99,50 | 99,54 | | premises % | | | -------------------------------------------------------------------------------- | Total number of customer | 597 | 318 | | interruptions (unplanned) | | | -------------------------------------------------------------------------------- | Average unplanned interruption | 4,19 | 4,18 | | time per property hrs | | | -------------------------------------------------------------------------------- | Number of customer contacts | 844 | 1030 | | regarding water pressure | | | -------------------------------------------------------------------------------- | Loss of water in distribution | 17,64 | 21,2 | | system % | | | -------------------------------------------------------------------------------- | Wastewater | | | -------------------------------------------------------------------------------- | Number of sewer blockings | 942 | 807 | -------------------------------------------------------------------------------- | Number of sewer collapses | 87 | 89 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Network Extension Program | | | -------------------------------------------------------------------------------- | Water network completion | Wastewater network | Stormwater | | | completion | connection | | | | completion | -------------------------------------------------------------------------------- | 5, 1 kilometres or 99% | 38,5 kilometres or | 9,8 kilometres or | | | 97% | 78% | --------------------------------------------------------------------------------

Water

No incidents or events occurred in the third quarter, thus water quality remains to be on an excellent level, with 100% of the water samples taken at the Ülemiste water treatment plant compliant with quality standards and 99,54% of the water samples taken at the customer's tap compliant with the quality standards established by the Ministry of Social Affairs. The current quality regulation agreed with the City of Tallinn in the Services Agreement requires at least 95% compliance.

Network

The overall leakages level has worsened year-on-year due to the effects of the severe winter in the beginning of the year, but overall network performance has improved during the third quarter, reaching to 19,1%. The company continues to target the economic leakages level in Tallinn, estimated to be 18%.

A significant improvement in service reliability has been achieved due to the number of unplanned interruptions decreasing by 55% as the result of changes in work management processes. The Company expects to achieve within 2010 the target of reducing the number of unplanned interruptions to be below the number of planned interruptions, thus allowing the Company to inform its customers of planned works and giving them the chance to plan their activities accordingly.

AS Tallinna Vesi repaired over 200 manholes during September as per agreement with the City of Tallinn, contributing to better road surface in the capital.

Network Extension Program

The Company has completed 91,3% of the network extension program planned for 2010 and all work should be completed by 15th of November. Altogether 5.1 kilometres of water network, 38.5 kilometres of wastewater network and 9.8 kilometres of stormwater network have been completed, mostly in Nõmme, Pirita and Haabersti.

Altogether 3575 properties will have the possibility to connect to public wastewater as part of the 2008-2010 Network Extension Program, of these 2071 were connected as of Q3 2010. The Company organized the miniregatta in Tallinn in August to draw more attention to the network extension program and to invite residents to connect to the system. As the result of the awareness campaign and proactive sales, the total number of subsidy sewage connections is estimated to reach over 2400 by the end of 2010.

Investments and capital program

AS Tallinna Vesi has invested over 113 million kroons into its operations during 2010, included in this sum is the initial investment into the construction of an additional treatment stage at the wastewater treatment plant, the biofilter. Over 57 million kroons have been invested into the network extension program, 24 million kroons into the wastewater treatment plan and over 18 million kroons in the water and wastewater networks.

Customers and Community

The Company held its annual open door day at the Ülemiste water treatment plant in August, attracting over 300 people to tour the facilities.

Several changes in the customer service section of the Company's operations have resulted in improved customer service. For example the percentage of lost calls on a normal day in the third quarter was just 1 per cent, while 82,2% of all letters were answered within 2 working days. Written complaints have also decreased by 20% in Q3.

Priit Koff Head of Public Relations AS Tallinna Vesi +372 62 62 209 priit.koff@tvesi.ee

Tallinna Vesi: competition Board’s analysis on the price of water is insufficient
Juhan Tere, BC, Tallinn, 10.08.2010.Print version
AD


AS Tallinna Vesi stated that the effect of the law on curbing monopolies’ pricing policies that was proclaimed by President Toomas Hendrik Ilves will not be clear, writes LETA/EPL Online.

The enterprise noted that from the entry into force of the new law, the Competition Board will start approving of water tariffs of the water supply utility companies, but the board has not determined its pricing policy methodology nor has it imposed any standards on the services that the companies must meet.

“AS Tallinna Vesi as well as the City of Tallinn will have to carry out a professional and open dialogue with the Competition Board in order to guarantee that the requirements provided in the current service agreement be met,” announced the enterprise in the press release issued to the stock exchange. Tallinna Vesi remarked that thus far no professional discussions on the matter have been held with them.

The enterprise noted that in the past couple of weeks, the Competition Board has made several comments via the media, asserting that on the basis of their analysis the water prices in Tallinn could fall by 20-35%.

“We want to emphasise to the company’s investors and customers that this is a matter that requires further analysis; the Competition Board also admitted that their analysis was merely a simulation that did not thoroughly investigate the financial results and activities undertaken by AS Tallinna Vesi since the enterprise was privatised,” read the statement signed by Ian Plenderleith, the CEO of the company.

“AS Tallinna Vesi is interested in an open and transparent regulatory environment that would comply with the internationally recognised standards and meets with the terms of the privatisation agreement concluded in 2001,” added the company’s press release.

On 5 August 2010 the President of Estonia ratified the law setting price limits for monopolies. As we reported in our announcement on 3 August 2010 the main consequence of this Act is that from 1 November 2010 the company's tariffs will be approved by the Competition Authority and not the City of Tallinn. At this point in time it is very unclear what impact this will have on ASTV as the Competition Authority has not yet defined the price methodology nor the service standards that ASTV must achieve. Both ASTV and the City of Tallinn will need to engage in professional and open dialogue with the Competition Authority to ensure the terms and conditions of the current contract are respected. ASTV has no objection to balanced and professional quality and economic regulation of the Water industry that meets with internationally acceptable principles. To date however no professional discussions have taken place with ASTV regarding this subject. Over the past few weeks the Competition Authority has made a number of public comments stating that, as a result of their thorough analysis of ASTV's financial performance ASTV's tariffs will now have to reduce by anything between 15% and 25%. We would like to point out to our investors and customers that these our headline statements only, and that the Competition Authority's analysis was, in their own words, a high level simulation which did not thoroughly analyse ASTV's results and performance since privatisation. Before statements such as these have any economic credibility there needs to be a thorough analysis of past performance using best practice regulatory principles. The Competition Authority's simulation includes a number of aspects that require further discussion as the regulatory principles used do not appear to be in accordance with internationally acceptable principles of economic regulation. For example, it is not clear:

1) What are the service standards that the company will have to achieve post November 2010? 2) How has the privatisation value of ASTV been factored into the calculation of invested capital? 3) What is the methodology for calculating the weighted average cost of capital? 4) What principles does the Competition Authority use to protect the purchasing power of invested capital from inflation? 5) Has the Competition Authority calculated ASTV's returns since privatisation and does it believe that ASTV has been too profitable over this period? 6) the current structure lacks independence as according to the law the company can make pre-court appeals about the methods and decisions of the Competition Authority only to the Competition Authority, this needs reviewing.

ASTV looks forward to open and professional dialogue with the Competition Authority on the above points and many others prior to any changes in methodology being implemented. ASTV is only interested in open and transparent regulation that meets with internationally acceptable principles and recognises the terms and conditions of the privatisation agreement signed in 2001. ASTV will keep its investors fully informed of these discussions over the weeks ahead.

Ian Plenderleith Chairman of the Management Board AS Tallinna Vesi 6262201 ian.plenderleith@tvesi.ee

Antwort auf Beitrag Nr.: 39.866.014 von R-BgO am 23.07.10 10:25:50http://www.nasdaqomxbaltic.com/market/?pg=details&instrument…

23.07.2010 08:02
Tallinna Vesi: Results of operations for the 1st half-year 2010 (EEK)
MANAGEMENT REPORT RESULTS OF OPERATIONS - FOR THE 1st HALF-YEAR 2010

Overview

During the first six months of 2010 the Company's total sales increased, year on year, by 1.4% to 387.0 mln EEK. The Company's underlying operating profit for the first six months of 2010, from water and wastewater related activities, decreased by 6.0% to 196.6 mln EEK compared to the six months of 2009. Profits from other activities (mainly construction and developments) increased by 140.6% to 20.9 mln EEK compared to the same six months of 2009. The Company's profit before taxes was 172.9 mln EEK, which is on the same level compared to the same six months of 2009.

01.07.2010 10:58
Tallinna Vesi: The President of Estonia did not proclaim the Monopolies Act
On 30th of June, the President of the Republic of Estonia, Mr Toomas Hendrik Ilves did not proclaim the "Establishing Price Limitations on Monopolies Act". The President believes that the act is in violation of the constitution of Estonia and does not provide necessary protection for the consumers. The bill will be sent back to Parliament, who will choose whether to discuss the bill again after the summer recess or convene for an extraordinary session in the summer months. Due to the President's decision, the "Establishing Price Limitations on Monopolies Act" will not come into effect on July 15th as planned earlier. Therefore there will not be any changes in the regulatory environment or pricing methodology of AS Tallinna Vesi until any change of law is properly enacted.

Priit Koff Head of Public Relations AS Tallinna Vesi +372 6 262 209 priit.koff@tvesi.ee

17.06.2010 14:46
Tallinna Vesi: Estonian Parliament passes ''Establishing Price Limitations on Monopolies Act''

Today the Estonian National Parliament passed the "Establishing Price Limitations on Monopolies Act”. The amendments, planned to take effect from July 15th, subject to proclamation by the President of Estonia, will change the principles of economic regulation, quality regulation and the regulator of AS Tallinna Vesi and 50-60 other larger water undertakings.

The details of this change mean that the City of Tallinn will no longer fulfil the role of economic and quality regulator for AS Tallinna Vesi.

It is intended that this function will now be carried out by the Competition Authority from 15 July 2010. The implications of this change for the terms and conditions of Tallinna Vesi's contract are not yet clear. We believe that to date the Competition Authority, the Ministry of Social Affairs, the Ministry of Environment and the City of Tallinn have not yet discussed nor determined any of the quality standards that the Company has to achieve.

In addition, in the tariff mechanism and methodology for calculating an allowed rate of return has not been discussed with the Company and is not contemplated within the Act. This is a change of law but as far as we know does not yet constitute a breach of the Services Agreement we have with the City of Tallinn. Currently our performance standards remain the same and there has not been any change to our tariffs nor the tariff adjustment mechanism that we have contractually agreed until 2020.

AS Tallinna Vesi will continue to operate in accordance with the terms and conditions of its contract with the City of Tallinn until the new regulator decides otherwise or the terms of the contract are broken by the State of Estonia or the City of Tallinn. The Company has always met or exceeded all performance measures and believes its returns on invested capital are in accordance with accepted norms when international best practice regulatory principles are used. The Company is now consulting with its legal and economic advisors to better understand the implications of this change in law and the actions it needs to take to ensure the terms of the current contract are respected. The Company will keep its investors informed whether the President of Estonia approves the Act and will provide complete information regarding the forthcoming tariff approval process.

Priit Koff Head of Public Relations AS Tallinna Vesi +372 62 62 209 priit.koff@tvesi.ee

Antwort auf Beitrag Nr.: 39.581.601 von cmeise am 25.05.10 20:56:52Thread: China Water Affairs

Antwort auf Beitrag Nr.: 39.578.906 von R-BgO am 25.05.10 14:13:22Nein.

25 May, 2010 13:05 CET
Tallinna Vesi Company Announcement AS Tallinna Vesi registered its subsidiary Watercom OÜ

AS Tallinna Vesi registered the founding of its subsidiary, Watercom OÜ, which
will focus on pursuing the parent company's non-regulated business
opportunities across Estonia.
Watercom OÜ is 100% owned by AS Tallinna Vesi and its share capital is 40,000
kroons.
The subsidiary's Management Board is comprised of three people - Chairman of
the Management Board Meelis Raidmaa, Managing Director Doris Henning and
Business Development Director Virgo Roasto.

Priit Koff
Head of Communications
AS Tallinna Vesi
+372 6262 209

Antwort auf Beitrag Nr.: 39.540.560 von cmeise am 18.05.10 17:42:35Hast Du Dir auch China Water Affairs schon mal angesehen?

Antwort auf Beitrag Nr.: 39.537.737 von R-BgO am 18.05.10 11:16:16Ja, wir kennen uns von Dowa (und Shimano). Ich schaue aber auch gelegentlich in andere Threads von Dir hinein.
Ich bin eher an langfristigen Werten interessiert, gern mit einer guten Dividende (aber nicht um so einen "Preis" wie hier). Ausserdem schaue ich auch drauf, dass die Firmen halbwegs nachhaltig orientiert arbeiten.
Früher habe ich mir auch einige (besonders asiatische) Wasserwerte angeschaut. Aber die Bilanz ist am Ende ziemlich ernüchternd: da reicht auch schon ein Blick auf Asia Water, Bio Treat etc etc. Hier wird sehr viel Kapital gebraucht, und dass muss langfristig zur Verfügung stehen. Die Gründe für die Krisen sind wohl bei jedem etwas anders gelagert - aber am Ende ist das eingesammelte Kapital abgeflossen und zurück bleiben neben einigen Anlagen noch Baustellen, Schulden und laufende Kosten.

Antwort auf Beitrag Nr.: 39.537.737 von R-BgO am 18.05.10 11:16:16Ich fand die Punkte 5 und 6 am interessantesten. Da wird doch beschrieben, wie die Privatisierung "naiv" abgewickelt wurde und die Hoffnungen in den privaten Investor sich zerschlugen, was zB die Investitionen betrifft. Es zeigt sich doch auch, wie im Grunde schon zu Beginn Kapital eher ab- als zufliesst. Die Studie stammt aus 2005 - inzwischen hält die Stadt mehr, und United Utilities weniger Anteile. Wie das inzwischen abgelaufen ist weiss ich nicht, warum die Stadt so einer Dividende zustimmt, weiss ich auch nicht. Im Mai haben jetzt 2 Fonds ihre Beteiligungen heruntergefahren.
http://www.cisionwire.com/ext/tallinna-vesi/tallinna-vesi-ma…
http://www.cisionwire.com/ext/tallinna-vesi/tallinna-vesi-ma…

Für mich ist so eine Politik nicht nachhaltig. Ich habe auf die hohen Verbindlichkeiten schon hingewiesen. Die Gründe für die Stadt kenne ich nicht, vielleicht ist das der Preis, den sie zahlen, um wieder an die Mehrheit zu kommen - aber das ist reine Spekulation.

zumindest wurde die Ausschüttung jetzt -mit Zustimmung der Stadt- beschlossen:

18 May, 2010 10:06 CET
Tallinna Vesi Minutes of annual general meeting The decisions of the Annual General Meeting of the shareholders

The Annual General Meeting of the Shareholders of AS Tallinna Vesi was held on
Tuesday, 18th of May 2010 from 09.00-10.10 a.m. at the Tallink Spa Hotel. 17
436 106 votes, i.e 87,18% of the Company`s 20 million votes were represented at
the meeting.
AGENDA:
1 Approval of the Annual Report
Supervisory Council proposal: To approve the 2009 Annual Report.
RESOLUTION: With 17,432,301, i.e. 99.98% votes in favour, to approve the 2009
Annual Report.
2 Distribution of profits
Supervisory Council proposal: To distribute 500,010,000 kroons (EUR 31,956,463)
as dividends from AS Tallinna Vesi's retained earnings as at 31.12.2009, which
includes the net profit of 339,933,577 kroons (EUR 21,725,715) for the year
2009, as follows:

1) the owners of A-shares shall be paid 25 kroons (1,6 euros) per share and the
owner of the B-share shall be paid 10.000 kroons (639 euros) per share,
2) remaining retained earnings will remain undistributed,
3) the list of shareholders entitled to receive dividends shall be determined
on the basis of the share ledger as at 23:59 on 01 June 2010 and the dividends
shall be paid to shareholders on 11 June 2010.

RESOLUTION: With 17,434,886, i.e. 99.99% votes in favour, to approve the
profit distribution proposal and to distribute 500 010 000 kroons (31,956,463
euros) between the shareholders, of which 25 kroons (1,6 euros) per share will
be paid to the owners of A-shares and 10,000 kroons (639 euros) per share to
the owner of the B-share and the remaining retained earnings will remain
undistributed. To determine the list of shareholders entitled to
received dividend on the basis of the share ledger as at 23:59 on 01 June 2010
and to pay the dividends to the shareholders on 11 June 2010.

3 Recalling of Supervisory Council members
Supervisory Council proposal: Due to the need to harmonise the terms of office
of the elected members of the Council, as the end dates of their terms have
come to vary over the years, to recall from the Council of AS Tallinna Vesi
Messrs Robert John Gallienne, Matti Hyyrynen, Valdur Laid, Mart Mägi and Rein
Ratas
RESOLUTION: With 17,431,310, i.e. 99,97% votes in favour, to recall Messrs
Robert John Gallienne, Matti Hyyrynen, Valdur Laid, Mart Mägi and Rein Ratas
from the Supervisory Council of AS Tallinna Vesi.
4 Electing Supervisory Council members
4.1.Supervisory Council proposal: to elect Mssrs Robert John Gallienne, Matti
Hyyrynen, Valdur Laid, Mart Mägi and Rein Ratas as Supervisory Council members
of AS Tallinna Vesi from 18th May, 2010.
Voting results:
In favour of Robert John Gallienne:17,435,490 votes or 100 % of the votes of
the general meeting
In favour of Matti Hyyrynen:17,432,258 votes or 99,98 % of the votes of the
general meeting
In favour of Valdur Laid:17,435,753 votes or 100 % of the votes of the general
meeting
In favour of Mart Mägi:17,435,748 votes or 100 % of the votes of the general
meeting
In favour of Rein Ratas:17,435,158 votes or 99,99 % of the votes of the general
meeting
RESOLUTION: Since in the election of a person, the candidate who receives more
votes than the others shall be deemed to be elected, to elect the following
persons as Supervisory Council members of AS Tallinna Vesi from 18.05.2010:
Messrs Robert John Gallienne, Matti Hyyrynen, Valdur Laid, Mart Mägi and Rein
Ratas.
5 Appointment of the auditor
Supervisory Council evaluation of auditors work and proposal: AS
PricewaterhouseCoopers has provided auditing services for AS Tallinna Vesi
during the financial year 2009 pursuant to the agreement concluded between AS
PricewaterhouseCoopers and AS Tallinna Vesi in 2008. In the opinion of the
Supervisory Council, AS PricewaterhouseCoopers has provided services in
compliance with the agreement and the Supervisory Council does not have
complaints in respect to the quality of the auditing services.
To appoint AS PricewaterhouseCoopers as the auditor and Tiit Raimla as the lead
auditor for the 2010 financial year and to approve the principles for
remuneration of the auditors approved by the Supervisory Council.

RESOLUTION: To acknowledge the Supervisory Council's evaluation and with
17,435,558, i.e. 100 % votes in favour, to appoint Aktsiaselts
PricewaterhouseCoopers as the auditor and Tiit Raimla as the lead auditor for
the 2010 financial year. To approve the principles for remuneration of the
auditors approved by the Supervisory Council.

Priit Koff
Head of Communications
Tel 62 62 209
priit.koff@tvesi.ee

Antwort auf Beitrag Nr.: 39.537.169 von cmeise am 18.05.10 10:10:56Hallo cmeise,

vielen Dank für Deine Buddelei. Auf die Gefahr hin, jetzt faul zu erscheinen: Könntest Du mir einen Tip geben, wo in der Studie ich was finde? Würde mir Zeit sparen und ich glaube Du weißt, das ich schon Englisch lesen kann...

Von wo kennen wir uns eigentlich?

War es Dowa? Und nach welchen Kriterien suchst Du Dir die Aktien aus, die du näher anschaust?

Antwort auf Beitrag Nr.: 39.534.647 von cmeise am 17.05.10 19:56:48Die werden ausgesaugt. Wenn man sich die Struktur der Shareholder anschaut wirds ein wenig klarer. Und wenn man sich die Vorgeschichte zu Gemüte führt, noch klarer:
www.watertime.net/docs/WP2/D40_Tallinn.doc

Ist aber nix für reine deutsch - Versteher.

Antwort auf Beitrag Nr.: 39.533.063 von R-BgO am 17.05.10 16:39:21Deine Denkansätze sind meinen sehr ähnlich. Wir werden uns noch öfter treffen. Ich freue mich auf einen Gedankenaustausch.

Antwort auf Beitrag Nr.: 39.534.647 von cmeise am 17.05.10 19:56:48Kannst Du auch deutsch reden(schreiben). Hört sich alles irgendwie toll hohl an!

Antwort auf Beitrag Nr.: 39.534.436 von R-BgO am 17.05.10 19:30:15Keine Ahnung, warum man sowas macht. Einen nachhaltigen Kursanstieg gab es nach der Ankündigung vom 22.4.2010 nicht.
Die Bilanz sieht nicht schlecht aus, aber ist auch kein Brüller.

Cash 385 Mio plus Aussenstände etc von 202 Mio, also current Assets von 592 (wovon 500 Mio rausgehen). Aber es gibt auch Borrowings von 1.174 Mio und dabei Financial expenses von 27 Mio (im letzten Quartal, würde pA. 100 Mio ausmachen. Die administration expenses im Q betrugen nur 13 Mio.).
Mit wärs lieber, man fährt die Verschuldung runter als so extreme Divs zu zahlen. Aber man müsste sich genauer mit dem Wert beschäftigen.

Vielleicht hat das ja irgendwas mit der möglichen Euro Einführung zu tun?

Antwort auf Beitrag Nr.: 39.533.727 von cmeise am 17.05.10 18:01:48Steht hier so drin (Kapitalstruktur"optimierung"?):

http://www.nasdaqomxbaltic.com/market/?pg=details&instrument…

"...Dividends and share performance

Based on the results of the 2009 financial year, the Company intends to pay
500,010,000 EEK of dividends. Of this 10,000 EEK will be paid to the owner of
the B-share and 500,000,000 EEK, i.e. 25.00 EEK per share to the owners of the
A-shares. The Annual Meeting of the Shareholders will vote to approve the
dividend payment on 18 May 2010.

AS Tallinna Vesi is listed on OMX Main Baltic Market with trading code TVEAT and
ISIN EE3100026436.


As of 31 March 2010 AS Tallinna Vesi shareholders, with a direct holding over
5%, were:

--------------------------------------------------------------------------------
| United Utilities (Tallinn) BV | 35.3% |
--------------------------------------------------------------------------------
| City of Tallinn | 34.7% |
--------------------------------------------------------------------------------
| Credit Suisse Securities (Europe) Ltd Prime Brokerage | 5.63% |
| A/C Prime Brokerage Clients | |
--------------------------------------------------------------------------------

Parvus AM has declared that their shareholding in the clients' accounts exceeds
10% and AKO Capital has declared their indirect ownership above 5% of the share
capital.

At the end of the quarter, 31 March 2009, the closing price of the AS Tallinna
Vesi share was 167.58 EEK (10.80 EUR), which is a 7.10% increase compared to the
closing price of 156.47 EEK (10.00 EUR) at the beginning of quarter. During the
same period the OMX Tallinn index rose by 41.33%.

Antwort auf Beitrag Nr.: 39.533.063 von R-BgO am 17.05.10 16:39:21Wenn Sie 25 EEK (=1,60€) zahlen, müssen die das aus der Substanz machen, EPS für 2009 lag bei nur 17 EEK. Dividende 2008 lag bei 11,50, davor bei 12,45. 2007 = 9,80 für 2006 = 7,85.
Alles laut den Jahhresberichten.

In einer Pressemeldung aus dem März heisst es:
During the twelve months of 2009 the Company's total sales increased, year on year, by 7.3 per cent to 772.4 mln EEK. Sales of water and wastewater treatment were 707.4 mln EEK, a 7.5 per cent increase compared to the twelve months of 2008. The Company's net profit for the twelve months of 2009 was 339.9 mln EEK, which is 14.9 per cent higher than the net profit of 296.0 mln EEK in the equivalent period in 2008.

Jetzt wollen sie 500 Mio EEK ausschütten? Ist etwas seltsam.

Bekommt Estland nicht nächstes Jahr den Euro?

Antwort auf Beitrag Nr.: 39.532.802 von debull am 17.05.10 16:09:36Vom Grundsatz her gerne; bin aber im Moment erstmal dabei, mein Investmentuniversum gezielt aufzublasen, um viel, viel mehr zu sehen, als bisher.

Da ich grundsätzlich faul bin, lege ich dann immer erstmal etwas Geld auf den Tisch, indem ich eine kleine Posi kaufe, um mich damit zu motivieren.

Researchmäßig wird die Aktie dann in meinen Nachrichtenscan aufgenommen und ich suche mir einen W-Thread dazu, oder lege einen an, falls es bisher keinen gibt.


Kriterien, nach denen ich derzeit schaue:
-Hohe Dividendenrendite
-non-EUR
-gerne Asien
-gerne Asset Light, Mobile Comm., Wasser,...

Hier habe ich eben herausgefunden, dass die vorgeschlagene Dividende sogar umgerechnet EUR 1,60! beträgt; ergibt 14,7% DivR

Antwort auf Beitrag Nr.: 39.531.887 von R-BgO am 17.05.10 14:19:37Hi R-BgO

mir ist schon aufgefallen, dass Du oft auf sehr interessante Werte aufmerksam machst. Allerdings etwas mehr Futter (sprich Informationen), möglichst in deutscher Sprache, täten Deinen Beiträgen gut.