Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Voltalia Ord Shs VLTAF

Voltalia SA is a France-based holding company engaged in the renewable utilities sector. It designs, develops and operates electric power stations in numerous countries, such as France, French Guyana, Brazil, Greece and Morocco. The Company generates electricity using a variety of renewable energy sources. These include wind, water, biomass and solar power. In addition, Voltalia SA specializes in carbon credit trading activities. The Company operates several subsidiaries, including Anelia and Bio-Bar in France, Voltalia Guyane, SIG Kourou, SIG Mana and SIG Cacao in French Guyana, Voltalia Energia do Brasil in Brazil, Thegero in Greece and Alterrya Maroc in Morocco, among others. The Company is owned by Voltalia Investissement SA.


PINL:VLTAF - Post by User

Post by eebleron Oct 19, 2010 10:54am
590 Views
Post# 17581754

ScotiaMcleod Writeup

ScotiaMcleod Writeup

For those that have Scotia accounts, ScotiaMcleod has initiated coverage of VTR with a "1-Sector Outperform" rating and a 1-year price target of 2.75, and has written a piece called "A Mine in the Making" in today's Canadian Daily Edge report.  I can't copy/paste because of restrictions, but the essence is that they expect full ramp-up by 2015 with LOM production of around 170k ozs per year out of Kiaka.  Lots of upside potential acknowledged around Kiaka with high leverage to POG,  They believe NAV is 2.21 per share, so VTR is trading at 24% discount to NAV (or .76x NAV), which is lower than its peers.  Of longer term interest is that they estimate probable share float needed to fund development to production will put total share count around 222m by the time all is said and done. They also include Gaoua in the valuation and for future reference it is worthwhile knowing that they compare it might closely to Antares.  

eebler

<< Previous
Bullboard Posts
Next >>