AGA Rangemaster Share Discussion Threads

[mark10101] 23/10/2013 18:28

Mr Bluesky, where do you see this topping out before consolidating? are we in that phase now or do we have one last dash on to 190 ish? Struggling to make my mind up. I am pretty confident we could see 300p in the next 12 months if the current sales momentum continues and the macro environment remains this benign.

[mr_bluesky] 16/10/2013 07:57

mark:

That's the way I like it.

Not many traders have cracked on to AGA as it puts in consistant gains.

This is a pf must have and a good pension IMO.

Mr Bluesky

[mark10101] 16/10/2013 07:55

Interesting share this, my best performing recently having been in since 90p. With recovering housing market, pension fund and a solid new product range that will become the must have once the dinner party season starts this year, I think this is an excellent recovery play. Also great the lack of interest on the bulletin boards.

[mr_bluesky] 14/10/2013 14:57

since the start of july this has to be one of the best performing shares on the market.

135p now and we have'nt even started the bull rally season yet.


It is coming up to some resistance at c.140p though so I would expect to get a little period of consolidation around that mark before the next move up.

By that time I will be nearly 100% up on my original investment.

Happy days!

Mr Bluesky

[mark10101] 13/10/2013 22:12

elchupacabra, higher energy price could actually be a good thing for AGA. A lot of their UK customer base are in rural areas off the Gas grid so they run on oil. With oils rise this will drive people to swap out their old AGA and replace it with a new higher margin Total control or electric AGA.

Also with an economy entirely built on the property ponzi do not discount the conservatives will to win the next election. They have gone all in on reigniting the old bubble that was never allowed to purge. Another few years of a stronger property market will be good for AGA and the conservatives.

[el chupacabra] 13/10/2013 21:20

all good points paul

[paul_butcher1999] 13/10/2013 21:15

Even if labour win they wouldn't actually do the 2 year fix policy it simply does not work. They know that too, it's a gimmick designed to get the Tories to splutter it doesn't work and then they can say 'Tories on side of fat cats'. The only result is Tories will now shift to opposing some of the green taxes that milliband brought in as Secretary of State for energy and climate change, so in that sense millibands "policy" will decrease bills a bit (albeit offset by investors/lenders now needing a higher political risk premium).

[el chupacabra] 13/10/2013 16:26

do you think fixed energy prices will be good or bad for AGA? cus lets face it, Labour are going to walk it in teh next election

[smicker] 01/10/2013 19:56

Would be interested in PP take on things if he still reads this board. Housing picking up and closer to normalising of interest rates for the pension deficit.

[mark10101] 01/10/2013 13:10

Think so, the reason I have stayed in. I think we could see another 40p from here before a correction. Then I think £2.50 is feasible into next year with all the housing market hype.

[filterwest] 01/10/2013 08:55

Breakout??

[mark10101] 27/9/2013 16:09

Was wondering if we had hit a topping out period like Jan 2013 but the last two day looks to be pointing otherwise :-)

[mark10101] 26/9/2013 15:47

Looks like some institutional buys have gone through today.

[smicker] 21/9/2013 22:57

Some reading for anyone interested in the effect of QE on pension liabilities.

hxxp://www.schroders.com/staticfiles/Schroders/Sites/ukInstitutional/pdf/Drivers-of-PS-liabilities-Sept-2013.pdf

[mark10101] 15/9/2013 08:36

Looking at the historical chart even if this is topping out there will be chances to exit at a similar price. This could go much further. Previous rises like this one have ended in a blow out top rather than what we have now. My view is we could see another 30p at least in this run. I think 200p is a given in the next 12 months although that is likely after the mid term top and consolidation. A lot of my business customers are AGA owners and many are switching to the new AGA electric products. They love the idea of keeping their AGA but switching away from crippling oil.

They have really hit on the a winner with the AGA total control, this will bring new customers as well as customers with an old AGA wishing to upgrade.

[darias] 13/9/2013 08:25

Out this am

[richjp] 06/9/2013 13:31

Looking at my previous post here I am glad I decided to hold.

There is an article in City AM today which I feel is relevant to AGA. It says that the recent increase in the yield on gilts will be of benefit to companies that have a problem with their pension deficit.

That is clearly an issue for AGA as they stated in their last results and despite that they have a solution which partly addresses the issue, there could still be problems in a few years time. An increase in gilt yields as long as it is maintained will help alleviate the problem and I suspect that is the reason for today's price increase.

[mr_bluesky] 06/9/2013 12:18

I would just like to apologies to all now.

The reason being is that I said AGA would not be the most exiting share in your pf as it is a "slow burner" if you excuse the pun.

150% up since the end of last year and 50% up from july alone.

Hardly a slow burner and plenty more to come IMO.

Mr Bluesky

[wad collector] 06/9/2013 12:15

3 reasonable sized director buys in the last few weeks - says something about the company.

[richjp] 31/8/2013 15:32

I bought in to this one earlier this year when MoneyWeek tipped it.

MoneyWeek rated it a buy again yesterday as also did the IC yesterday, although some say that an IC tip is the kiss of death. Those two buy recommendations probably accounted for the increase in the share price on Friday despite it being an awkward time for the market generally.

I think that you get far more comment on more racier stocks on this BB, however as this one shows, there is money to be made from more traditional stocks as well.

[smicker] 30/8/2013 14:33

Amazing how there are no posts for the past two months while the share price increases approx 40%. The half yearly report was fairly optomistic going forward and seems to have caught investors attention if not posters

[mr_bluesky] 21/8/2013 15:08

rich:

I bought into this at 72p when I started this thread.

The price has just broken out over the long term desccending resistance which has taken it to a new phase of recovery and made it even more bullish IMO.

Hold is what I am doing and taking any weakness in the price to top up.

ATB

Mr Bluesky

[richjp] 21/8/2013 13:39

I bought into this one at the beginning of March and now I am up forty per cent. I hope that doesn't sound arrogant because I certainly do not always get it right.

What to do? Do I take a profit or not?

It looks as though the various initiatives they have taken are paying off and the market is looking for further growth. At this level though, I wonder if the price is getting too far ahead.

[mr_bluesky] 21/8/2013 12:39

All looking good with a nice steady recovery and off the radar of the traders.

This is a nice bread and butter share for your portfolio IMO.

It has certainly done me proud.

Mr Bluesky



AGA RANGEMASTER GROUP PLC

2013 HALF-YEARLY FINANCIAL REPORT

Tide in our markets is turning : growth expected for full year


AGA Rangemaster Group plc ('the Group'), the specialist in range cooking and kitchen living, is pleased to announce its interim results for the half year ended 30th June 2013.

· Revenues of £119.5 million (2012: £119.2 million) were up, with a better second quarter offsetting the slow start to the year.

· Operating profits were £1.5 million for the half year (2012: £1.5 million). Full year 2012 operating profits were £6.5 million.

· Group on track for a profit before tax after pension charges for the full year. Implementing the revised pension accounting standard and non-recurring costs gives rise to a loss before tax of £2.4 million for the period to 30th June 2013.

· Balance sheet remains strong with total equity of £138.9 million (30th June 2012: £101.9 million) and net debt of £6.0 million (30th June 2012: net cash £11.9 million).



Operational highlights

· AGA cooker orders were up 8% at the half year and with the newly launched electric products the trend should continue.
· Rangemaster is showing sales momentum picking up after a slow start.
· Fired Earth returned to profitability and AGA Marvel in North America is growing well.
· IAS 19 Employee Benefits (revised) shows a balance sheet deficit of £15.6 million at 30th June 2013. No deficit recovery payments to be made in 2013 or 2014.



"We saw momentum established during the half year after the slow start and order intake since then has been encouraging. The tide is turning, the mood amongst our customers is better and there is a buzz about our new products. We will now see what our new generation of products - led by a more flexible AGA - and our enhanced operational gearing can deliver."

[mr_bluesky] 17/8/2013 19:37

AGA has stayed bullish now at 106p and with an IMS on the 26th its looking very strong.