Sujet Les actions EDF.

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Citation : alors que ce matin le carnet affichait jusqu'à -60 %

Citation : STOCKWATCH EDF holds above 32 eur amid signs banks shoring up price - UPDATE
14:03:24 - 21/11/2005


(updates with trader comment on lack of investor demand)
PARIS (AFX) - EDF shares held above their IPO reference price of 32.00, amid
signs that banks were stepping in to buy the stock as institutional investors
steered clear, dealers said.
One dealer said it appears that a major bank is buying up the share at
32.00.
A second Paris-based trader said he expects the share to open tomorrow
around 2 pct below its issue price.
"It is time to short the stock ....Institutional investors are not at all
interested by the company," the trader said.
"The banks that organised the (IPO) are trying to keep the price high,"
added Pierre Sabatier, market strategy specialist at JCF Facset.
"A (price) collapse would be a catastrophe for the state. It is a rise that
is rather artificial," added Pierre Sabatier, market strategy specialist at JCF
Facset.
"Over the next two to three days, the share should not move much thanks to
the banks," he added.
"It is impossible that the French government and the banks (would) let the
price fall below the introduction price, because the next time they have to sell
small shareholders on other privatisation operations, the people will save
themselves," said Robert de Vogue of portfolio managers Malmy Finance and Arkeon
Finance.
At 1.56 pm, EDF was trading at 32.02 eur, up 0.06 pct, while the CAC-40 was
up 14.60 points or 0.32 pct at 4,570.83.
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