||ORD 46 7/8P
||EPS - Basic
||Market Cap (m)
|Household Goods & Home Construction
Real-Time news about Aga Rangemaster (London Stock Exchange): 0 recent articles
|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.
|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!!!
|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|
|bally101: What is going on here, share price just rocketed in the last 30 minutes ?|
|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
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.|
|balcony: Results should be next week and maybe news on fired earth will help share price|
|fugwit: Directors buying is irrelevant, there are countless statistical studies showing that company directors are no better than anyone else at timing their own company share purchases.
I can see plenty of reasons for a share price decline here. 2013 is only the first year of increased revenues in the last four years, it is not clear yet that those increases are the start of a trend.
The market cap is rather large against current anemic profits but the biggest problem surely has to be the massive pension deficit that everyone is quietly brushing under the carpet. The firm is producing sub 2% profit margins, the returns on the capital are terrible and in just over a year they are going to have to find approx £10 million per year to put into the pension fund to prop it up. Where is that going to come from? There is going to nothing left for shareholders who will essentially be investing to support retired AGA pensioners.....unless of course you think revenues are going to soar and profits as well....they have a long way to go before there is anything left over for the lowly shareholder.
I can't help thinking these deserve to be rated considerably lower than they are and would think the short side looks more interesting than the risk reward to the long side from here.
Just my two penneth|
|cockneyrebel: TPT tipped in the S.Times today but I'd say the same reasoning applies to AGA too - worth a read imo:
Inside the City: Topps Tiles floors it
NOT every retailer has been upended by the internet. Topps Tiles, Britain's biggest flooring specialist, is comfortingly old school.
Indeed, only 1% of its sales come from web-only shoppers. Most use the website but buy in-store - after all, how many people are going to splash out hundreds of pounds on prestige stone cappuccino marble without seeing it in person?
Yet its dependence on the high street didn't stop Topps from having a barnstorming 2013. Its shares surged more than 130%, closing on Friday at 121½p, valuing the company at more than £233m. Sales increased, if only slightly, for the first time in six years.
The question is, can Topps keep its resurgence going? I say yes. We'll get a good indication on Tuesday when the company reveals how it traded in its first quarter, which covers the final three months of 2013.
No other retail sector is as closely correlated to the housing market as flooring - the main reason why the last few years have been so lean.
Unless you have been living under a rock, you will know that the housing market has been jolted back into life. Last week Nationwide reported that prices surged 8.4% in 2013 thanks to the government's Help to Buy financial doping programme. The research firm IHS Global Insight predicts another 8% jump this year.
The Bank of England may be forced to raise interest rates sooner than it envisaged given the gathering pace of the recovery, but that is still likely to be many months away, at least.
The housing boom thus looks set to continue, and Topps is primed to benefit. The broker Liberum Capital has set a price target of 160p - or about 30% above today's figure.
The logic appears sound. Back in the good old days of 2007, Topps raked in earnings of £44m from 301 stores. The performance then fell steadily until last year's slight improvement to £15.6m, generated from a larger estate of 328 shops.
There is no reason to think the company cannot inch back towards its pre-crisis health. The chief executive, Matthew Williams, has kept tight control of costs and expanded sensibly. Topps has opened 79 stores in the past five years but closed more than 50, to make sure it has the best locations. Its market share has grown.
The company may not be able to get all the way back to the chunky margins of its heyday, but if it comes close, this will show through in profits - and the share price. Buy.
|mark10101: Not sure it is possible to tell Re China as there are so many variables. If it goes as well as our Luxury car industry it could have a spectacular impact on both income and the share price.|
|mark10101: Lots of small sells going through this week, looks like the share price is being walked down for some reason.|
AGA Rangemaster share price data is direct from the London Stock Exchange