AGA Rangemaster Share Discussion Threads

[mortimer7] 08/3/2013 13:43

Results Day. I agree going in right direction. Reassured by RNS 2 Director buys
combined 41690 shares @ 86.83p. Both guys increasd their holdings by about 10%.

[mr_bluesky] 07/3/2013 23:46

GOING IN THE RIGHT DIRECTION!


11th January 2013

AGA RANGEMASTER GROUP PLC ("AGA RANGEMASTER")

TRADING UPDATE

PROFIT GROWTH ACHIEVED AGAINST CONTINUING HEADWINDS

AGA Rangemaster, the specialist in range cookers and kitchen living, today
issues a trading update ahead of its preliminary announcement of the results
for the year ended 31st December 2012 which will be announced on Friday 8th
March 2013.

We expect profit before non-recurring costs, finance costs and tax again to be
ahead in spite of the continuing headwinds of weak consumer demand in the home
move and improvements markets which left cooker revenues slightly lower. Fired
Earth and AGA Marvel both finished the year well. Overall revenues were down 2%
as they were at the half year primarily because of declines in Ireland and
currency movements.

2013 will see continued cost reduction measures in response to demand levels
and major steps to improve our position at Waterford Stanley in Ireland and at
Grange which had a weak end to the year in North America.

Providing the Group with a firm financial foundation for the medium term was an
important accomplishment in the year. The new arrangements with the Group's
pension scheme and agreement on new banking lines finalised in late November -
both running through to the end of 2015 - mean that the work to position the
Group to achieve growth, irrespective of tough domestic markets, can come
through.

We had a net cash balance of over £5 million at the end of the year despite the
one off deficit payment and contribution payments into the pension scheme
totaling around £20 million, as well as payments totaling more than £5 million
made in respect of the German minority litigation case dating from the 1990s.

"Our great brands, tight cost control, product innovations and international
market development programmes continue to sustain us against the headwind of
weak housing transaction levels - for which prospects are now somewhat better.
We will be investing in our key brands to make sure 2013 is a more progressive
year for the Group." William McGrath, Chief Executive, AGA Rangemaster Group
plc.

[mr_bluesky] 03/3/2013 15:48

Finals next friday and the charts are looking alot more bullish now after the wee correction we have had.

Price now 80.25p

Mr Bluesky

[roddyb] 25/2/2013 22:17

A strange thing today, there were 17 trades recorded, all but three were sells. Despite this the price of the bid went up? Despite the number of sells the MM's were still offering a very tight bid/offer of 80.25/81p

Something's up - hopefully we are restarting the slow painful hike to 90p. As the stockmarket improves you would think the pension defecit at AGA might be sorting itself out?

"AGA - seen more ramps than Evel Knievel"

[mr_bluesky] 24/1/2013 10:37

update:

looks like AGA has stalled just under 90p.I suggested it would at c92p in my chart in the header so that is close enough for me for a prediction.

just need to let the chart indicators to cool down now for it to re new its progress.

I would be suprised to see it go to much under c80p on this retrace.

Mr Bluesky

[mr_bluesky] 17/1/2013 17:32

I'm still in as I feel there wont be a significant enough pull back to justify selling at this point.

A break into the 90's and this could really take off!

Mr Bluesky

[cheaky monkey] 17/1/2013 16:24

Yes I sold out this morning too, it's had a good run but will look to get back in I'd there is an opportunity good luck all

[wasteman2004] 17/1/2013 10:25

80p was my target and I'm out.

[fargonorthdakota] 11/1/2013 13:51

Still share price is back up, topped up at 77p this am.

[drewz] 11/1/2013 10:48

Anything around 75p looks to be a good entry point.

I expect to be looking to buy sometime next week.

[mr_bluesky] 11/1/2013 10:45

"NOT EXACTLY AND OUTSTANDING STATEMENT"...but as I said AGA is a slow burner!

AGA RANGEMASTER

Trading Update


FOR IMMEDIATE RELEASE

11th January 2013

AGA RANGEMASTER GROUP PLC ("AGA RANGEMASTER")

TRADING UPDATE

PROFIT GROWTH ACHIEVED AGAINST CONTINUING HEADWINDS

AGA Rangemaster, the specialist in range cookers and kitchen living, today
issues a trading update ahead of its preliminary announcement of the results
for the year ended 31st December 2012 which will be announced on Friday 8th
March 2013.

We expect profit before non-recurring costs, finance costs and tax again to be
ahead in spite of the continuing headwinds of weak consumer demand in the home
move and improvements markets which left cooker revenues slightly lower. Fired
Earth and AGA Marvel both finished the year well. Overall revenues were down 2%
as they were at the half year primarily because of declines in Ireland and
currency movements.

2013 will see continued cost reduction measures in response to demand levels
and major steps to improve our position at Waterford Stanley in Ireland and at
Grange which had a weak end to the year in North America.

Providing the Group with a firm financial foundation for the medium term was an
important accomplishment in the year. The new arrangements with the Group's
pension scheme and agreement on new banking lines finalised in late November -
both running through to the end of 2015 - mean that the work to position the
Group to achieve growth, irrespective of tough domestic markets, can come
through.

We had a net cash balance of over £5 million at the end of the year despite the
one off deficit payment and contribution payments into the pension scheme
totaling around £20 million, as well as payments totaling more than £5 million
made in respect of the German minority litigation case dating from the 1990s.

"Our great brands, tight cost control, product innovations and international
market development programmes continue to sustain us against the headwind of
weak housing transaction levels - for which prospects are now somewhat better.
We will be investing in our key brands to make sure 2013 is a more progressive
year for the Group." William McGrath, Chief Executive, AGA Rangemaster Group
plc

[roddyb] 11/1/2013 10:36

Nice slide today, I am in at 77p - the trading update has stripped away the instant turn-around that only exists in the minds of the naive.

The ongoing losses at Grange look like they might be in the final phase, the Irish operation sounds a bit better than one would guess and the British side of things are just going to stay weak. If they have capped the pension problem until 2015 then they remain on course for a modest recovery with US sales being the wildcard that might prove a pleasant surprise.

[smicker] 09/1/2013 17:17

Interesting that there is little comment now after an approx 20% price increase. With the FTSE at 6100 and yields having improved i would guess there has been a very significant improvement in the pension deficit.

[smicker] 04/1/2013 13:10

This article gives a good sense of the volatility of pension schemes

[mr_bluesky] 04/1/2013 11:12

YES!

It looks like AGA is ready for the next leg up into the 90's as a first target.

This will be one of the best turn around shares along with my 2 other favourites
SDY and NTG.

Mr Bluesky

[fargonorthdakota] 04/1/2013 10:29

On the way up again, this has turned into my best buy..

[fargonorthdakota] 19/12/2012 17:30

I think AGA could be a good share, especially if you followed the NT and got in early!

[mr_bluesky] 16/12/2012 12:26

AGA chart 14/12/12: Price 72p

I have drawn up this chart as I believe that AGA is a good long term recovery play.

It shows that the price has just bounced off early 2009 lows of c50p and has rallied to a high of 74.5p.It also looks to be in a potential Bull flag that is forming on the 200dma.

The MACD and RSI have just peaked and it would suggest that AGA is in a period of consolidation before the next leg up.On break out of 74.5p an advance on to c92p should ensue where it will probaly stall again to set up another bull flag.

Longer term the price needs to break over the descending resistence(green line) from 2009.When it does it will put it well into recovery.

Fundamentaly AGA has suffered over the years as the cooker is expensive and is considered a luxury item.They also have a huge pension defecite and are having to put aside more money.

On a positive side AGA are doing well in Europe and now china and America and orders are picking up.

All in all I think that AGA is a good short term trade and longer term investment at this stage and an entry level in the low 70,s/upper 60's(if it retraces back that far) will bring good rewards.

Mr Bluesky

[steeplejack] 10/12/2012 12:08

Written up by Schwarz in sat FT that's why stock is going up today.

[fargonorthdakota] 10/12/2012 10:21

Another good day so far, this is turning into a really nice investment!

[57andrewjh] 08/12/2012 05:59

Ref post 598 and the comment "I think Aga have a whole load of issues at the minute which they haven't informed the market about. I know that we were not alone, just search google for aga bulliten boards, they might have replaced 100's of them. They also had / have a problem with the electronics of the new TC and have again had to replace 100's of these which didn't work properly. A simple calculation gives a figure which could wipe out this years profits and given the slow retail trade could really hit AGA hard."

Well I did google for quality issues on Aga and frankly didn't come up with a whole lot. Nothing in fact. Would be really useful if some specific references could be added or others could comment this information. Thanks.

[smicker] 05/12/2012 13:45

From the Autumn statement

1.137 The Government is determined to ensure that defined benefit pensions regulation does not act as a brake on investment and growth. The Department for Work and Pensions (DWP) will consult on providing the Pensions Regulator with a new statutory objective to consider the long-term affordability of deficit recovery plans to sponsoring employers. The Government also recognises that volatility in measures of pension scheme deficits can make it hard for companies to manage their investment plans and attract external funding. DWP will also consult on whether to allow companies undergoing valuation in 2013 or later to smooth asset and liability values

This has to be good news here. The volatility of the pension scheme makes investment virtually impossible

[fargonorthdakota] 20/11/2012 07:59

Time to take profits!

[wad collector] 19/11/2012 10:53

Yep, moved up to almost 25% of my entry price!