Capital Increase for French Group Orpea

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The first French operator of facilities care for dependents in recent days announced a capital increase. The group Orpéa has indeed raised over 200 million euros in order to “increase the financial flexibility of the group in pursuit of its development strategy, particularly to strengthen its capital base to to seize external growth opportunities. ”

In a context where national budget extremely tight governmental plans of the major issues remaining to fund dependency, the business of housing for seniors is a must. The company is a good first half with an increase of 27% of its turnover to 595 million euros and a net profit of 40 million euros, an increase of 24%. The high debt is the consideration for the acquisitions, 1 660 million in 2011. Thomson-Reuters consensus is still to buy the title and retains its price target EUR 34.6 average.

Prices fell by nearly 17% decline during the summer markets. After forming an accumulation zone with a tightening of volatility (29.5/31.5 EUR), the title just to get away from the bottom of the horizontal canal. Indeed the recent announcement of a capital increase (19.5 EUR) generated during a violent adjustment by investors (two downside gaps at 29.87 EUR and 27 EUR).

Oil Production Increases In October

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Norwegian oil production has increased, with 2.02 million barrels of oil equivalent in October, of which 1.7 million barrels of crude oil, respectively 5.6 and 9%, compared to September, said Wednesday the Norwegian Petroleum Directorate (NPD). For gas, it takes 8% to 8.1 billion m3.

The country, the seventh largest exporter, has extracted more black gold, despite reduced production in six of its oil fields, note the NDP: Gjoa stopped its activity to achieve maintenance, Grane has faced problems compressor, while Njord, twists, and Visund Volve experienced technical problems. However, compared to October 2010, the production of oil and gas dropped by 10 and 12%.

Wholesale Inventories Up In September

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Wholesale inventories rose 0.5% in September in the United States, after an increase of 1% in August, according to the Commerce Department. Economists generally provided a similar increase.

On an annual basis, wholesale inventories rose by 15%.

Wholesale sales emerged were down 0.1% after an increase symmetrically in August. Over one year, they increased by 11.9% in September.

The ratio of sales of stocks in September 2011 stood at 1.15, as against 1.15 and 1.18 the previous month a year earlier.