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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Aga Rangemaster | LSE:AGA | London | Ordinary Share | GB00B2QMX606 | ORD 46 7/8P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 184.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 184.50 | GBX |
AGA Rangemaster (AGA) Share Charts1 Year AGA Rangemaster Chart |
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1 Month AGA Rangemaster Chart |
Intraday AGA Rangemaster Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 12/9/2015 | 08:49 | A good solid hold | 857 |
| 22/8/2014 | 14:10 | BUY AND HOLD in Aga Foodservice (AGA) | - |
| 08/3/2014 | 08:51 | AGA: A slow burner! | 67 |
| 16/9/2004 | 08:58 | AGA FALLS TO THE YEAR LOW AS ANALYST QUESTION TRADING IN RECENT MONTHS | 8 |
| 16/8/2004 | 20:45 | What does this RNS mean? | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 16/7/2015 13:07 by saltaire111 Thanks Richtea. I'm always interested in sensible suggestions from others where there is evidence of them posting to boards before a share price takes off (there are always lots after the event). I've actually picked up some very interesting companies this way, the best of which turned out to be an American stock GCI which i invested in several years back. Its share price went from about three dollars to thirty eight dollars in five years. I made a lot of money from it and i'm grateful to a fellow poster for highlighting the opportunity. Id never buy without first taking a good look myself though.I've just bought VED as a risky recovery play in mining/power, i hold KAZ too, having started to buy at £2.00 as a play on longer term copper price. The price is ridiculously low in my view. Salty. |
Posted at 12/7/2015 18:34 by greenrush From today's Sunday Times Business section:'An American Suitor is poised to seal a £100m takeover of AGA Rangemaster... Middleby is close to confirming a deal to take AGA off the stock market. The two sides have know each other for years...Sources said the companies had "pretty much agreed the main points of the deal" |
Posted at 25/6/2015 12:41 by zedman_1 As I'm sure you know Salty, we do get an investor perk:"If you own 5,000 shares and spend £500 or more in AGA Shops, Fired Earth or Divertimenti stores you qualify for a 10% discount up to a maximum of £500 or currency equivalent." Shares, new Aga and a discount. Everyone is happy. |
Posted at 19/6/2015 12:43 by anony mous Sharp spike. News leaking on offer price maybe.Bid will be much higher than present share price |
Posted at 17/6/2015 20:22 by saltaire111 Traderpawel, it depends on the terms of the offer, if indeed they make an offer. In this case, it is likely to be a cash offer and i'd guess that offer will come in about 20% ahead if where the price is now. You can sell your shares now, if you want to take advantage of today's increase in price, and bank the profit. If the offer doesn't materialise, the share price will fall back, retrace, to about the level we saw before the news of Middleby running the rule over the Aga cook-books. Middleby is a good outfit and its stock in the US has grown by over 400% in the last five years - so they know what they're doing. So if they decide to buy, i'm almost certain it would be cash and not a cash and shares deal. And your broker will settle this for you - middleby transfer the cash to their choice of bank that deals with the sale for them and they in turn buy your shares from your broker who in turn pays the cash into your brokerage account.And for a newbie, you clearly have a good eye for this game in that you've selected a stock that's just shot up 30% in a day!!! Salty |
Posted at 17/6/2015 19:59 by traderpawel Can anyone clarify to me what happens to my holding when takeover takes place? I am relatively new to investing and have no practical experience. Do I get additional shares added or is it simply reflected in increased share price? If it sound stupid to anyone disregard it and stop yourself from calling me names ir telling I shouldnt be here but I'd be grateful to anyone who is kind enough to explain it to new member. Thank you in advance. We all start somehow |
Posted at 17/6/2015 13:57 by bally101 What is going on here, share price just rocketed in the last 30 minutes ? |
Posted at 30/4/2015 16:15 by profdoc As a result of what I heard at AGA’s AGM this morning I have just doubled my shareholding. Following the formalities William McGrath, CEO, was kind enough to spend some time with me discussing the sales of cast iron stoves and Rangemaster.Later other senior executives were very generous with their time, including the FD, Shaun Smith. I learned a great deal from them. I will not attribute any of the following to any one individual conversation, nor can I be too specific as I do not want to inadvertently betray the trust assumed for our discussions. However, I can tell you in general terms about the two main points that raised my spirits. (Earlier posts on AGA: 11th – 17th March 1. Sales trend I needed to establish in my mind the extent to which the sales drop through the recession was cyclical or structural. I showed a history of sales units to the directors/managers and invited them to discuss the cyclical/structural question – something they seem to discuss between themselves. A strong belief emerged that the decline was cyclical and not that AGAs are going out of fashion. I remain somewhat cautious in judging the cyclical/structural split on cast iron, but I’m happy to accept that a fair chunk of the decline was economic cycle related and that a proper bounce back is coming. Rangemaster has really bounced back. They seem very excited about the USA operations too. 2. Pension deficit Whenever I mentioned the pension deficit there was a sense that the financial markets have seriously overreacted. There are various scenarios to consider but the most likely 9in my opinion) is where the discount rate used for liabilities rises by 2-3% and the deficit is thus eliminated. I hope this helps. More detail at Glen |
Posted at 11/3/2015 15:25 by alphahunter Good piece of work.I'll be honest, I've spent 90' in total reading the Annual and Interim reports, plus 30' trying to get some company accounts and news from local websites for Grange. My impression is: There is potentially a large earning swing if Grange can get turned around and it seems that the Co has invested and rationalised a lot their manufacturing operations (local gazette). EUR/USD may help as well. Tail wind for input cost of cast iron? Must have plummeted. The Pension deficit is not entirely a red herring, this is real cash that is put up into the scheme in the coming years. If sold, Fired Earth could alleviate some of the undefunded pension fund. Mortgage approvals is not a viable leading indicator IMHO, as the products address a niche market. Would property transactions in the Shires or second- house, non-buy-to-let mortages be more telling? The share price mirror corporate AA bond yield. I am a taker of any downloadable UK corporate AA excel data so that I could plot them against the share price Mesdeuxsous. PS: Visited Fired Earth shop in SE3 where I live, tiles way above my budget. A return flight to Marakech cost £80 (+ decent riad at €100 a night), where quality tiles cost a fraction of what is on offer in my hood. |
Posted at 11/3/2015 10:48 by profdoc For what it's worth I've written up some notes on AGA - I hope someone may find them useful - sorry they are a bit long. Any thoughts/insights/reGlen AGA Rangemaster is a manufacturer of prestige range cookers, tiles (Fired Earth) and refrigerators, with a small, but sufficient, degree of customer captivity through brand recognition and trust. I’m looking at AGA as a company that fits into my 2015 Modified-PER portfolio - a portfolio that contains shares with: 1. A low price relative to the average earnings over at least a 7 year period (cyclically adjusted price earnings ratio, CAPE); 2. Which has a high Piotroski score indicating a recovery in profitability, efficiency and financial structure, and; 3. Reasonable business prospects, management and stability. There is a worryingly large pension deficit to consider. But I’m prepared to take the chance that this is a red-herring, induced by the actuarial rules and the strange goings-on in the bond markets. Cyclically adjusted price earnings ratio To start the analysis I’ve obtained AGA’s profit numbers going back 11 years, giving us a number of pre-recession figures, recession-affected horror years, and the slow climb-out-of-the-hol In the numbers shown below I’ve excluded the credits or deductions caused by fluctuations in the actuarial valuation of the defined benefit pension. I’ll talk about this issue a lot more later – our judgement on the pension deficit is crucial to the company valuation process. Profit after tax (ignoring credits or debits due to defined benefit pension scheme) 2004: £19m (after £10m deduction for now jettisoned ‘Food Service division’) 2005: £24m (after £10m deduction for now jettisoned ‘Food Service division’) 2006: £27m (after £10m deduction for now jettisoned ‘Food Service division’) 2007: £18m (Food Service division sold for £265m, special dividend £55.6m. Between 2001-8 the company returned £614m to shareholders – eight times the current market capitalisation). 2008: £12m 2009: -£1m 2010: -£2m 2011: £10m 2012: £3m 2013: £4m 2014: £7m Average annual profits after tax = £11m (see Newsletters dated 3rd and 4th February for discussion of using CAPE and mean reversion tendency) I’m focussing on total profits after tax, rather than earnings per share, because there have been some large changes in the number of shares in issue over the years. For example, in 2006 there were 129.1m shares, followed by share consolidations (and large pay outs for shareholders). Today, the market capitalisation is £69.3m (69.3m shares at £1). As a multiple of average after-tax profit this is 6.3 – a cyclically adjusted price to earnings ratio of under 7 can be considered low, compared with the vast majority of companies on the stock market (around 13). The UK accounts for 66% of AGA’s sales, and Ireland for another large chunk. The economic boom and bust in the UK and Ireland is clearly evident in the profit history. The company says that “sales in our core markets are linked to the level of housing transactions”. This is evidenced in the following set of numbers – the sales of (a) Cast Iron products, consisting of AGA, Rayburn and Stanley stoves, and of (b) Rangemaster stoves (Rangemaster, Falcon, Mercury (UK), La Cornue (France), Waterford (Ireland), AGA Marvel (US). Number of units sold 2007: Cast Iron 19,600 Rangemaster 76,000 2008: Cast Iron 16,000 Rangemaster 76,000 2009: Cast Iron 12,100 Rangemaster 60,600 2010: Cast Iron 11,650 Rangemaster 63,900 2011: Cast Iron 11,000 Rangemaster 62,000 2012: Cast Iron 10,300 Rangemaster 60,000 2013: Cast Iron 10,000 Rangemaster 60,500 2014: Cast Iron: AGAs up 9%, but Rayburn/tanley ‘declined&rsqu In 2014 the number of mortgage approvals was much the same as 2013 – so it has still not taken off. The pattern may not be entirely explained by the macroeconomic slide – perhaps managers lost their way – but I’m prepared to venture that much of the decline, particularly of the more expensive lines, is due to the economic environment. When the economy improves, where do volumes go? Note the high operational gearing for this company. In other words, a high proportion of its costs are fixed even as volume of output rises. Therefore, increased sales feeds disproportionately into profits. For the cheaper stoves in the Rangemaster division the company has a roughly 50% market share. Typical retail selling price Rangemaster £1-2,000 Mercury and Falcon £2,400 - £4,500 Redfyre, Rayburn and Stanley £4-7,000 AGA £5-12,000 La Cornue £5-100,000 Other products • Refrigeration, Dishwasher, Sinks: AGA Marvel (US) manufactures under-counter wine and ice makers. Other Rangemaster and Falcon refrigeration is outsourced as are AGA branded refrigeration products and dishwashers. Sinks are manufactured by AGA Rangemaster in the UK. • Fired Earth: premium tiles and paints • Grange: kitchen & bathroom furniture sold through its 66 stores whilst Grange has a network of c400 dealers worldwide for its premium furniture range. • Aga Cookware: From cast iron pots to tableware. One-third of sales are online. In the next Newsletter ( I’ll examine AGA using Piotroski factors. On Friday I’ll take a closer look at its business and managers, and on Monday and Tuesday I’ll look at the pension deficit and draw my conclusions. |
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