Veolia - eine vergessene Aktie?
19.05.2010 16:13
SocGen belässt Veolia auf 'Buy' - Ziel 30 Euro
Die Societe Generale (SocGen) hat die Einstufung für Veolia Environnement auf "Buy" und das Kursziel auf 30,00 Euro belassen. Die voraussichtliche Fortsetzung des Vertrags mit SEDIF (Syndicat des Eaux d'Ile de France) sei eine gute Nachricht für Veolia, schrieb Analyst John Honore in einer Branchenstudie vom Mittwoch. Die Aktie des französischen Umweltdienstleisters zähle zusammen mit Suez Environnement und Waste Management zu den zyklischsten im Sektor. Alle drei Unternehmen sollten von einer robusteren Wirtschaftserholung in den USA und vom Wiederanziehen der Rohstoffpreise gestärkt werden. Die beiden französischen Unternehmen profitierten zudem von ihrer unstrittigen Führungsrolle in der Wasserwirtschaft.
Quelle: http://www.finanznachrichten.de/...eolia-auf-buy-ziel-30-euro-322.htm
und was ist jetzt Vergessen ?
Vielleicht kannst du einfach mal den Link zu dieser Branchenstudie posten? Ich fänds interessant :)
Nachteil: relativ hohe Verschuldung. aktull Gewinnrückgang (wegen Finanzkrise?)
10:01 16.09.10
Kulmbach (aktiencheck.de AG) - Die Experten vom Anlegermagazin "Der Aktionär" halten die Aktie von Veolia Environnement (Profil) für chancenreich.
Wenn es um Wasser gehe führe kein Weg an dem Unternehmen vorbei. In der 1. Jahreshälfte habe das Unternehmen seinen Nettogewinn nach Abzug von Minderheitsanteilen von 220 auf 374 Mio. EUR ausgebaut und auf diese Weise die durchschnittlichen Analystenerwartungen in Höhe von 347 Mio. EUR klar übertroffen. Im laufenden Jahr peile das Unternehmen weiterhin einen positiven Free Cash Flow sowie eine Verbesserung beim bereinigten operativen Ergebnis an.
Neben der Erholung der Konjunktur dürfte Veolia Environnement dabei auch von dem von Finanzchef Pierre-Francois Riolacci forcierten Restrukturierungsprogramm profitieren. Das Unternehmen biete mit dem Strategiekonzept "Innovation Accelerator" ideenreichen Start-ups die Möglichkeit, ihre neuesten Technologien vorzustellen. Aus diesem Programm sei bereits eine Partnerschaft mit NanoH2O entstanden.
Nach Ansicht der Experten von "Der Aktionär" ist die Aktie von Veolia Environnement chancenreich. Das Kursziel werde bei 26,00 EUR gesehen und ein Stoppkurs werde bei 17,00 EUR empfohlen. (Ausgabe 38) (16.09.2010/ac/a/a)
Cheuvreux belässt Veolia auf 'Underperform' - Ziel 22,50 Euro
Cheuvreux hat die Einstufung für die Aktie von Veolia Environnement auf "Underperform" mit einem Kursziel von 22,50 Euro belassen. Veolia bleibe einer der potenziellen Bieter im Wettstreit um die deutschen Arriva-Töchter, schrieb Analyst Damien de Saint-Germain in einer Studie vom Freitag. Strukturell wäre die Übernahme durchaus sinnvoll. Allerdings dürfte der Preis aufgrund der vielen Bieter hoch sein.
UBS hebt Veolia auf 'Buy' - Ziel hoch auf 23 Euro
Die UBS hat die Aktie von Veolia von "Neutral" auf "Buy" hochgestuft und das Kursziel von 22 auf 23 Euro angehoben. 2010 dürfte das Ende des Abwärtstrends markieren, der zweieinhalb Jahre gedauert habe, schrieb Analyst Jean Farah in einer Studie vom Donnerstag. Operativ gesehen habe sich der Versorger stabilisiert und die Bilanz sei ordentlich. Die Bewertung entspreche in etwa dem Sektordurchschnitt. Gleichwohl biete Veolia aber überdurchschnittliches Wachstum.
Lille Metropolitan Area: Veolia Water to Build and Operate the New Marquette-Lez-Lille Wastewater Treatment Plant
Regulatory News:
The new plant will meet the requirements of the European directive on the "good ecological status" of water from February 2013.
The Lille metropolitan area has awarded Veolia Water (Paris:VIE) the contract to reconstruct the Marquette-lez-Lille wastewater treatment plant, the biggest such facility in the north of France. The new treatment plant will be built on the site of the previous one, which is now obsolete. Project design and construction has been awarded to a consortium headed by OTV France Nord, a Veolia Water subsidiary, and comprising NORPAC, DEMATHIEU&BARD, AMODIAG, BONNARD&GARDEL, and ALH (Alain Le Houedec, architect).
Work will begin in mid-October and will last a little over four years. It will generate cumulated revenue of 75 million euros for Veolia Water. Operation of the plant will start on January 1, 2011. Veolia Water will be the operator under a contract of almost six years that will generate estimated cumulative revenue of 28 million euros.
All the civil engineering structures needed to obtain good ecological status of water, which will be required by 2027, will be in place by February 2013, when the new wastewater treatment will become operational. The new sludge treatment process will follow, by 2015 at the latest.
The new plant will have the capacity to treat wastewater from an equivalent population of 620,000, and will have two separate treatment trains, one for wastewater (2.8 cubic meters per second) and one for stormwater (5.3 cubic meters per second). Proven technical solutions will be used, such as the MULTIFLO® and ACTIFLO® settling processes, and HYBAS™ biological treatment, which combines the best of the two technologies: the activated sludge process and the fixed culture process.
For sludge treatment, the implementation of EXELYS®, a new thermal hydrolysis process from OTV, will reduce the quantity of sludge produced by 20-40% and increase the production of biogas by 15-30% compared to a standard digestion. After being dried and stored, half of the sludge will be used in agriculture and the other half in a cement works.
As the Marquette-lez-Lille plant is in a densely populated urban area, particular care has to be taken in dealing with odors. Veolia Water's offer includes full control over odor emissions, their treatment and monitoring.
The future plant is part of a program to evolve toward sustainable development solutions, and its carbon balance has been established with the "Carbone 4" design bureau. The balance is based on three points: reduce the use of fossil fuels, generate energy, and respect Veolia Environnement's environmental commitments through OTV's ECOLIA 21™ plan.
Located on a natural islet of 15 hectares surrounded by the Roubaix canal, the plant also offers the opportunity of creating a major environmental project for the Lille area.
The overall layout for the civil engineering structures sets aside seven hectares of land for a garden to be planted with mainly local species that will reflect the area's biodiversity.
To symbolize this goal, the entrance to the plant will open on to two facades designed by Patrick Blanc, the "artist botanist" who is a researcher at CNRS, France's national center for scientific research, and a specialist in subtropical forest plants. Mr. Blanc is the inventor of the vertical garden concept and has designed hundreds of such projects around the world (including for the Quai Branly Museum and Pershing Hall hotel, both in Paris).
Under the guidance of Alain Le Houedec, the consortium's architect, the building's architecture will focus on blending harmoniously into its environmental and urban surroundings and will avoid all pollution and nuisance for the nearby apartment blocks.
However excellent its performance in relation to the natural environment, the Marquette-lez-Lille wastewater treatment plant would not be complete without an equivalant level of attention being paid to its human environment.
The integration of the personnel who operate the current plant requires training them in new technologies, so OTV and Veolia Water have set up a partnership with Campus Veolia Northern Europe, which is located close by.
The operations personnel will therefore have the advantage of diploma-track training courses in the wastewater treatment processes that will be implemented at the new plant. In addition, Campus students will be able to carry out their practical training at the Marquette-lez-Lille plant for the duration of the operating contract.
Fulton County Selects Veolia to Manage Wastewater System
Partnership ranked the best value among competitive proposals; delivers good jobs
In a competitive procurement, Fulton County, Ga. has selected Veolia Water North America (Veolia Water) for a five-year, $58 million public-private partnership agreement to manage and operate the county's four wastewater treatment facilities and 30 pump stations, which serve more than 300,000 people.
Veolia Water is now operating the new 15-MGD Johns Creek Environmental Campus (JCEC). This $137 million, state-of-the-art facility has the largest submerged membrane bioreactor (MBR) system in the United States for treating wastewater to an effluent quality that is being utilized for beneficial reuse.
Veolia Water's proposal was ranked highest, earning the highest marks for overall value among the three competitive proposals prepared for the Fulton County Department of Public Works. The contract is another recent win for Veolia Water, in addition to new contracts in Buffalo, N.Y. and Haldimand County (Ontario).
Under the partnership, Fulton County will continue to own all wastewater assets and maintain rate-setting authority. Veolia Water will be responsible for operations and maintenance of the county's assets using an asset management-orientated approach that maximizes system life-cycle service using a web-based computerized maintenance management system.
"Veolia Water's partnership is about delivering maximum environmental value to residents for the best price," said Keavin Nelson, executive vice president of Veolia Water North America's East Region. "But it's also about working closely with the local community. Given the country's ongoing economic challenges, we were very pleased to work with the county to develop a staffing plan that provides good jobs for local Fulton County workers."
Under the terms of the partnership, Veolia Water will manage approximately 65 employees. A key differentiator of Veolia Water's proposal was the company's comprehensive project team of local and minority subcontractors. Veolia Water will provide on-going business partnership with these subcontractors in a protégé-mentor relationship.
Veolia Water is no stranger to Fulton County, as the company has operated Atlanta- Fulton County's 90-MGD north area Water Treatment Facility for 20 years. This project partnership has won more than 50 industry awards, including the OSHA VPP Gold Star Award for sustained excellence in environmental health and safety compliance and in 2006, the Distinguished Service Award from the National Council for Public-Private Partnerships.
"As a long-term partner to Fulton County, we are excited to be able to grow our relationship and to continue serving its residents," said Nelson.
Based in Chicago, Veolia Water North America is the leading provider of comprehensive water and wastewater partnership services to municipal and industrial customers, providing services to more than 14 million people in approximately 650 North American communities. The company is part of the Veolia Environnement companies in North America, with 30,000 North American employees providing sustainable environmental solutions in water management, waste services, energy management, and passenger transportation.
Veolia Water, the water division of Veolia Environnement, is the world leader in water and wastewater services and technological solutions. Its parent company, Veolia Environnement (NYSE: VE and Paris Euronext: VIE), is the worldwide reference in environmental services. With more than 312,000 employees, Veolia Environnement recorded annual revenues of $50 billion in 2009. Visit the company's Web sites at www.veolianorthamerica.com and www.veoliawaterna.com.
Veolia buy of United Utilities assets wins EU okay
BRUSSELS, Oct 28 (Reuters) - France's Veolia secured EU regulatory approval on Thursday to buy several European water supply and treatment businesses from United Utilities.
Veolia, the world's biggest listed water company, unveiled the deal, with an enterprise value of about 199 million euros ($276 million), in June.
The European Commission, the EU competition watchdog, said the asset buy would not hurt competition.
'The Commission's examination of the proposed transaction showed that the horizontal and vertical relationships between the parties' activities are limited and are therefore unlikely to lead to competition concerns,' the EU executive said in a statement.
By Gerard Torres | More Articles
October 30, 2010 | Comments (0)
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With a stagnant economy impeding revenue growth, many companies have been looking to cut costs to either maintain or improve their profit margins. Veolia (NYSE: VE) is in this boat, and since implementing its own cost-cutting plan at the beginning of 2009, the company has made headway in bringing back its operating margin to pre-recession levels.
Veolia was able to improve its operating margin between 2004 and 2007, but it shrank again dramatically in 2008, with costs growing faster than revenue as the recession began to set in. Meanwhile, partial competitors Waste Management (NYSE: WM) and Waste Connections (NYSE: WCN) barely saw a budge in their operating margins. So to keep up with the Joneses, Veolia embarked on a cost-savings program it calls the "2010 Efficiency Plan."
Since the cost cutting started in 2009, Veolia has made some inroads. For the trailing 12 months, its operating margin has risen by nearly 15% over its 2008 level. Its operating income improved by 11.2% in the first half of 2010 over the prior year, thanks to the combination of improved results for its environmental-services division, the efficiency plan, and divestments. Not too shabby.
More specifically, the efficiency plan contributed growth of 132 million euros to operating cash flow during the first half of the year -- about 7% of its total at the time. The largest contributors to the company's cost savings were its water, environmental-services, and energy-services divisions. Compared with the increase in operating cash flow that the efficiency plan created in all of 2009, this year's cost savings is running ahead of last year's at the current pace.
Veolia still has some way to go in re-establishing its previous operating-margin levels, but it has made significant strides in the past two years. Assuming that the cost cutting continues into the future, Veolia's investors could be highly rewarded for their patience as management gradually works toward achieving its stated goal.
Quelle: http://www.fool.com/investing/international/2010/...-the-margins.aspx
What's in the Water for Investors: http://www.fool.com/investing/dividends-income/...-for-investors.aspx
Water: The Ultimate Liquid Investment: http://www.fool.com/investing/general/2010/09/19/...d-investment.aspx
SocGen belässt Veolia Environnement auf 'Buy'
Die Societe Generale (SocGen) hat Veolia Environnement nach einem Bericht in der Zeitung "Le Figaro" über die genehmigte Fusion der Verkehrssparte mit Transdev auf "Buy" mit einem Kursziel von 26,00 Euro belassen. Durch den Zusammenschluss der Veolia-Transportsparte mit Transdev entstehe in Frankreich der führende Anbieter des öffentlichen Nah- und Fernverkehrs, schrieb Analyst John Honore in einer Studie vom Dienstag. Da die genauen Bedingungen der Transaktion noch nicht bekannt seien, könne er zu den Auswirkungen aber noch nichts sagen.
AFA0071 2011-01-04/15:52
© 2011 APA-dpa-AFX-Analyser
Kepler hebt Veolia auf 'Buy' - Ziel hoch auf 26 Euro
Kepler hat die Aktie von Veolia von "Reduce" auf "Buy" hochgestuft und das Kursziel von 21,00 auf 26,00 Euro angehoben. Die positiven Signale seit der Zahlenvorlage zum dritten Quartal dürften sogar noch zunehmen und das Vertrauen in eine Erholung und in die neue Strategie des Managements stärken, schrieb Analystin Julie Arav in einer Studie vom Dienstag. Das Papier sei nun ihr bevorzugter Wert unter den französischen Umweltunternehmen.
AFA0095 2011-01-11/14:51
© 2011 APA-dpa-AFX-Analyser
Quelle: http://www.finanznachrichten.de/...-buy-ziel-hoch-auf-26-euro-322.htm
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Wertpapier: Veolia Environnement SA |
Angehängte Grafik:
veolia_paris190111.jpg (verkleinert auf 59%)
veolia_paris190111.jpg (verkleinert auf 59%)
Ich interessiere mich auch schon länger für ein Investment, und die Charttechnik (siehe #17) sieht neben den fundamentalen Daten sehr gut aus.
Allerdings möchte ich meine Einlage etwas hebeln. Kennt jemand ein gutes Produkt (Hebel 4 bis 7)????
Ich für meinen Teil finde, besonders bei relativ "konservativen Versorgern", ein Investment in Aktien am interessantesten und vielleicht auch am sinnvollsten. Zumindest dann, wenn man nen längerfristigen Zeithorizont hat. Die Dividende von Veolia ist ja auch nicht zu verachten.
Momentan wird ja stark umgeschichtet in dividendenstarke Papiere, siehe Eon, Allianz oder auch Telekom. Ich hoffe, dass auch Veolia weiter davon profitieren wird.
http://www.ariva.de/news/video/...661762368f9bf1b2ee9b0f2c21f14e0_DAF
Gibt ne schöne Dividendenrendite! Schön wärs allerdings, wenn der Kurs bis dahin noch ein bißchen zulegen könnte :)
Hab die Dividende hier auch in Aktien gewählt, auch wenns im Moment Aktien über die Börse zum gleichen Kurs gibt.
Aktuelle Dividendenrendite von über 6%! Denke mal, dass wir jetzt in einer Unterstützungszone sind, die hält und Veolia mal wieder die andere Richtung eingschlägt....
Angehängte Grafik:
chart_halfyear_veoliaenvironnement.png (verkleinert auf 93%)
chart_halfyear_veoliaenvironnement.png (verkleinert auf 93%)
und es ist ein gutes Zeichen sich rechtzeitig von schlechten Investments zu trennen.
Nicht umsonst wird man zukünftig nur noch in 40 statt 77 Ländern vertreten sein.
Die Einsparungen werden sich mittelfristig auszahlen & Kurs wieder Richtung 20 treiben
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| Boardmail an "xx77xx" |
Wertpapier: Veolia Environnement SA |