schrieb am 02.05.12 18:37:10
Antwort auf Beitrag Nr.: 42.593.986
von R-BgO am 14.01.12 09:18:10
immer noch bei
1,22; wäre schön, ween W
merken würde, um welchen Wert es sich handelt
schrieb am 14.01.12 09:18:10
Kurs und Ergebnis sind wie festgenagelt...
schrieb am 14.01.11 18:52:06
MILAN, Jan 14 (Reuters) - Italy's biggest renewable energy company,
Enel Green Power (EGP), said it had received authorisation to build
a 90 megawatt wind farm on the island of Sardinia.
EGP plans to build the farm, which will consist of 39 Siemens wind
turbines each with 2.3 MW capacity, this year, the company
controlled by Italy's biggest utility Enel said in a statement on
The plant, expected to become EGP's largest wind farm in Italy,
will generate 185 million kW/h of power a year, enough to meet the
demand of 70,000 households, and will help avoid emission of more
than 130,000 tonnes of carbon dioxide (CO2).
The new wind farm will raise EGP's total installed wind capacity to
more than 250 MW in Sardinia, where it currently operates three
wind farms with an annual production of more than 240 million kW/h
and a total installed capacity of 161 MW.
Capacity growth was a key driver of a 5.6 percent rise in EGP's
core earnings in the first nine months of 2010, but the stock,
listed in Milan and Madrid on Nov. 4, has been hit by dwindling
interest from professional investors for green energy.
At the end of 2010, EGP had a total installed capacity of about
5,900 MW around the world. Italy accounted for more than 2,600 MW,
including more than 450 MW of wind power.
EGP shares have mostly traded below the price of 1.6 euros per
share set in what was Europe's biggest initial public offering
since 2008 and were down 0.19 percent at 1.596 euros in Milan by
schrieb am 14.01.11 18:43:03
Bin mal gespannt, ob die divi wie angekündigt kommt:
Enel Green Power Uses Dividend to Sell Largest Europe IPO in Three
By Elisa Martinuzzi and Alessandra Migliaccio - Oct 14, 2010 2:43
Enel SpA Chief Executive Officer Fulvio Conti
Enel SpA Chief Executive Officer Fulvio Conti, seen here, said in
an interview, “Enel Green Power is unique because the company does
not depend on government subsidies.” Photographer: Alessandra
Enel Green Uses Dividend to Sell Largest Europe IPO 3 Years
Solar mirrors are seen at Enel SpA's combined cycle thermodynamic
solar power plant in Priolo Gargallo, near Siracusa, Italy.
Photographer: Alessandra Benedetti/Bloomberg
Enel Green Power SpA will kick off Europe’s biggest initial public
offering since 2007 next week, aiming to attract investors by
offering dividends that are above average for the renewable energy
The company will set a price range for the IPO before taking orders
for the stock on Oct. 18, according to four people with knowledge
of the matter. Enel SpA, Italy’s biggest utility, plans to raise at
least 3 billion euros ($4.2 billion) by selling a 30 percent stake
in its alternative energy unit, Chief Executive Officer Fulvio
Conti has said.
Enel Green Power, operator of wind, solar, geothermal and
hydropower assets, will pay 30 percent of net income in dividends,
Conti said today. Investors are sceptical after losing money on
share sales by Spain’s Iberdrola Renovables SA in 2007 and
Portugal’s EDP Renovaveis SA the following year.
“The higher dividend compared to peers and the low debt- to-equity
ratio make it interesting,” said Alessandro Frigerio, fund manager
at RMJ Sgr in Milan, who said he may buy shares. “That said, there
just isn’t the enthusiasm of the past for this sector and they’ll
have to overcome that.”
Spain’s Iberdrola Renovables has dropped more than 50 percent since
its December 2007 debut. The company has a dividend payout ratio of
28 percent, according to Bloomberg data. EDP Renovaveis has
declined 49 percent since its first day for trading in June 2008.
The Lisbon-based company pays no dividend.
Iberdrola Renovables, France’s EDF Energies Nouvelles SA and EDP
Renovaveis trade at an average multiple of enterprise value to
Ebitda of 10.1 times, Bloomberg data show. Based on a similar
multiple Enel Green Power would be worth about 9.4 billion euros,
Bloomberg calculations show. The company’s debt will be about 3.5
billion euros, according to analysts at Intesa Sanpaolo SpA, one of
the banks managing the IPO.
“A higher dividend yield will make it more attractive than peers,”
said Edward Guinness, who manages two alternative energy funds for
$50 million at Guinness Asset Management Ltd. in London. “Investors
are a bit worried about the fragile Italian economy which may push
returns lower. I would expect the valuation to be in line with
Unlike Iberdrola Renovables and other competitors that rely on wind
power, Enel Green Power has 44 percent of its power capacity at
hydroelectric plants scattered from Bolzano in Italy’s Alps to
Potenza in the country’s south. About 41 percent of its capacity
comes from wind and 13 percent from geothermal.
The business mix makes the company less dependent on state
subsidies that have helped fund wind and solar panels, investors
said. Italy’s government reduced payments for solar power projects
this year. Spain may follow suit.
“Enel Green Power is unique because the company does not depend on
government subsidies,” Conti said in an interview last month. “More
than 70 percent of our revenues are not subject to subsidies or
tariffs or green certificates.”
A 3 billion euro share sale would make it Europe’s biggest initial
public offering since Iberdrola Renovables’s 4.5 billion-euro
fundraising in 2007, according to data compiled by Bloomberg.
Analysts at Intesa Sanpaolo’s Banca IMI predict that Enel Green
Power will post earnings before interest, tax, depreciation and
amortization, or Ebitda, of 1.3 billion euros this year, up about 8
percent from last year.
The company’s debt should rise to no more than 4.3 billion euros in
2012 and installed capacity should rise by 9 percent annually,
Intesa said. They estimate installed capacity to rise from 5,900
megawatts this year to 8,900 megawatts in 2014.
“EGP is an attractive investment, with an interesting pipeline of
business,” said Colm O’Connor, a Dublin-based fund manager who
helps run the $560 million KBI Institutional Alternative Energy
Fund and will consider buying stock. “Its ability to finance
expansion through cashflow is an argument for it to trade at a
similar price to others.”
Bank of America Corp., Intesa Sanpaolo’s Banca IMI SpA, Barclays
Plc, Credit Suisse Group AG, Goldman Sachs Group Inc., JPMorgan
Chase & Co., Mediobanca SpA, Morgan Stanley, UniCredit SpA and
Banco Bilbao Vizcaya Argentaria SA are managing the IPO.
schrieb am 14.01.11 18:41:01
War einer der größten europäischen IPOs in 2010:
MILAN, Nov 4 (Reuters) - Italian power giant Enel completed the
sale of almost a third of its renewable energy arm Enel Green
Power, raising at least 2.23 billion euros ($3.13 billion) net of
banking fees in what is Europe's biggest initial public offering in
Following are some financial details of the IPO:
* INITIAL PRICE RANGE: 1.8 to 2.1 euros
* FINAL PRICE: 1.6 euros per share
* SHARES OFFERED: 1.415 billion shares, equivalent to a free float
of 28.3 percent
* GREENSHOE: the IPO included a greenshoe option for professional
investors of 15 percent of the offer, or 210 million shares,
bringing the total stake on sale to 32.5 percent
* CAPITALISATION: market cap is 8 billion euros
* INITIAL RETAIL OFFER: Enel said in the prospectus it would offer
at least 212.25 million shares to retail investors, or 15 percent
of the global offer
* FINAL ALLOCATION: Italian retail 1.219 billion shares, Spanish
retail 44.6 million shares, institutional investors 361.6 million
* BONUS SHARE: one free share for every 20 shares kept by retail
investors for at least 12 months
* TIMETABLE: The bookbuilding started on Oct. 18 and ended on Oct.
28, ahead of the market debut on Nov. 4.
* DUAL LISTING: stock trades in Milan and Madrid
* DIVIDEND: payout seen at 30 percent, in line with peers
* BANKING SYNDICATE: Mediobanca, Credit Suisse , Banca Imi, Goldman
Sachs, JP Morgan , Bank of America-Merrill Lynch, Morgan Stanley ,
Barclays, BBVA and UniCredit . (Compiled by Antonella Ciancio, Lisa
Jucca and Stephen Jewkes; Editing by Michael Shields) ($1=.7126
Euro) Keywords: ENEL/IPO
schrieb am 14.01.11 18:37:22
ENEL GREEN POWER: CALENDAR OF COMPANY EVENTS FOR 2011
Rome, 19th December 2010 – As an aid to the financial community,
Enel Green Power S.p.A. (“EGP”) announces its financial calendar
for 2011, indicating when the Company’s and/or Group’s accounts
will be examined by the Board of Directors:
1th February 2011: preliminary consolidated data for the year ended
31st December 2010.
24th March 2011: consolidated financial statements of the EGP
Group, proposed statutory financial statements of EGP S.p.A. for
the year ended 31st December 2010 and proposed allocation of net
11th May 2011: interim financial report at 31st March 2011.
2nd August 2011: half-year financial report at 30th June 2011.
8th November 2011: interim financial report at 30th September
In conjunction with the publication of the annual results for the
year ended 31st December 2010, and on the occasion of the
publication of the results of the half-year financial report and
interim financial reports for 2011 the Company’s and Group’s
accounts will be presented to financial analysts and institutional
In conjunction with the publication of the annual results for the
year ended 31st December 2010, corporate strategies will be
presented to financial analysts and institutional investors.
A General Meeting of Shareholders to pass resolutions regarding
approval of the statutory financial statements of EGP S.p.A. for
the year ended 31st December 2010, and on the allocation of net
income, is scheduled for 9th and 10th May 2011, on first and second
Payment of dividend for 2010 is scheduled on 26th May 2011, with
the ex-dividend date falling on 23rd May 2011.
The market will be in due time notified of any changes to the above