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AGK Aggreko Plc

869.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Aggreko Investors - AGK

Aggreko Investors - AGK

Share Name Share Symbol Market Stock Type
Aggreko Plc AGK London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 869.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
869.50
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Posted at 07/1/2015 08:13 by gucci
7 January 2015



Aggreko plc

Aggreko secures new contract and multi-year contract extensions



· Additional 150MW diesel-fuelled contract signed in Argentina

· 500MW of contract extensions agreed in Argentina and Cote d'Ivoire



Aggreko is pleased to announce that it has signed a two year contract to provide an additional 150MW of diesel-fuelled power in Argentina. The agreement was awarded by Energia Argentina SA (ENARSA) following a period of negotiation. Additionally, we have agreed to extend our existing 300MW of capacity with the same customer, for approximately two more years. In negotiating these contracts, we have reached a settlement on an amount of outstanding debt, which had previously been provided against, and as such we anticipate a small increase in the 2014 full year trading profit.



We are also pleased to have signed a three year extension for 200MW of gas-fuelled plant in Cote d'Ivoire, with the option for the customer to extend this for a further two years. The contract, initially awarded by the Société; des Energies de Côte d'Ivoire (CI-ENERGIES) in 2010, will reinforce the power supply in Cote d'Ivoire.



Power Projects order intake for 2014 was 757MW; order intake for 2015 year to date is 150MW.



Chris Weston, Chief Executive Officer of Aggreko, said: "It is pleasing to build on existing relationships and to have been selected to assist our customers in Argentina and Cote d'Ivoire with their on-going power needs. The extension of 500MW of existing contracts, for multiple years and new work in Argentina gives us positive momentum as we begin 2015."



Enquiries to:



Investors & Analysts



Louise Bryant, Aggreko plc


+44 7876 478 272





Media



Neil Bennett / Tom Eckersley, Maitland


+44 20 7379 5151
Posted at 29/5/2014 08:15 by b1ggles
Fractions get paid if they're not less than £3 according to the circular
Posted at 10/3/2014 14:05 by zyzzyva
With growth slowing in the local business and going backwards in power projects, the rating on the shares remains questionable....

....investors are being asked to pay 19.2 times forecast earnings for a company whose profits are currently in decline and spend on the fleet doesn't cover depreciation.
Posted at 07/2/2014 08:25 by apad
A big sell order sent Aggreko sliding, with one shareholder dumping about 2 per cent of the generator hire group.
Aggreko lost 1.6 per cent to £15.48 on word that an institutional investor had sold 5m shares via Citigroup at £15.35 apiece.
The sale came a month ahead of Aggreko's full-year results, where the company is expected to caution that dollar strength has continued to affect orders for its emerging markets division, which provides more than half of group earnings.
Aggreko said in December that its annual results would be slightly ahead of expectations. Yet about 11.5 per cent of Aggreko's free float is on loan, making it the FTSE 100's most shorted stock.
Posted at 03/10/2013 10:03 by betman
Hi Tanzz, where did you hear about 27th Oct briefing ?
All I can find isthe IMS
NOTIFICATION OF INTERIM MANAGEMENT STATEMENT

Aggreko plc, the world leader in the supply of temporary power and temperature control, will be announcing an Interim Management Statement on Monday 28 October 2013. There will be a conference call for analysts and investors at 8.30am. Details will be distributed on the day.
Posted at 19/4/2013 17:13 by waldron
..Should I Invest In Aggreko Plc?

By Kevin Godbold | Fool.co.uk – 5 minutes ago
....Email 0Share 0Tweet0Share0Print.....Companies:...FINANCIAL TIMES FTSE ACTUARIES SHARE INDICES FTSE 100 Aggreko plc.....RELATED QUOTES..Symbol Price Change
^FTSE 6,286.59 +42.92

AGK.L 1,769.00 -7.00

......
To me, capital growth and dividend income are equally important. Together, they provide the total return from any share investment and, as you might expect, my aim is to invest in companies that can beat the total return delivered by the wider market.

To put that aim into perspective, the FTSE 100 (FTSE: ^FTSE - news) has provided investors with a total return of around 3% per annum since January 2008.

Quality and value

If my investments are to outperform, I need to back companies that score well on several quality indicators and buy at prices that offer decent value.

So this series aims to identify appealing FTSE 100 investment opportunities and today I'm looking at Aggreko (LSE: AGK.L - news) , the power generation and temperature control equipment rental company.

With the shares at 1775p, Aggreko's market cap. is £4,776 million.

This table summarises the firm's recent financial record:

Year to December 2008 2009 2010 2011 2012
Revenue (£m) 947 1,024 1,230 1,396 1,583
Net cash from operations (£m) 237 371 389 403 373
Adjusted earnings per share 46.16p 63.3p 79.37p 87.14p 100.67p
Dividend per share 10.08p 12.6p 18.9p 20.79p 23.91p

Aggreko's directors are expecting trading during 2013 to be tougher than that experienced last year. There'll be no London Olympics contract to bolster earnings, and military-sourced revenues will fall due to US troop reductions in Afghanistan. Business is also likely to decline from Japan and, taken together, such issues are likely to wipe about £100 million from 2013's top line.

Longer term the firm points to a weakening growth trend in emerging markets as a reason to be cautious. But the new trading year has started well with an 8% rise in underlying revenue, although that growth rate is unlikely to offset fully the decline from last year's strong comparative result.

Despite the director's caution for this year, Aggreko has a market-leading global presence that should drive investor total returns in the longer run. Some might see current share-price weakness as a buying opportunity despite the generous-looking price-earnings multiple, but I'm inclined to hold back.

Aggreko's total-return potential

Let's examine five indicators to help judge the quality of the company's total-return potential:

1. Dividend cover: Adjusted earnings covered last year's dividend about 4.2 times. 5/5

2. Borrowings: net gearing is around 57% with net debt about 1.5 times operating profit. 3/5

3. Growth: growing revenue and earnings are well supported by flat cash flow. 4/5

4. Price to earnings: a forward 18 or so looks ahead of growth and yield forecasts. 2/5

5. Outlook: satisfactory recent trading and a cautious outlook. 3/5

Overall, I score Aggreko 17 out of 25, which makes me a little cautious about the firm's potential to out-pace the wider market's total return, at least in the short term.

Foolish Summary

A well-covered dividend, under-control borrowings, and a decent record of growth head the list of the shares attractions. The short-term outlook is cautious, but the valuation suggests that investors think the long-term growth trend remains intact.

> Kevin does not own shares in Aggreko.

..
Posted at 31/1/2013 09:48 by cold as ice
I would like to add that I see no long term financial doom for this company. I just do not think we will see the growth going forward that we have seen, hence the stock needs to be valued as an ex-growth stock not one with a PE of 17.

It will of course put up a little struggle around the 1600 mark before continuing its price South. Traders will now be further egged on by the appearance of the technical signal known as the Death Cross. With traders loading their guns and fundamental investors spooked by recent news who is left to support the stock I wonder?
Posted at 30/1/2013 12:11 by constantine
Now I think its time to Buy. Like they say: Buy the rumours sell the news:
AGGREKO: The emergency energy provider fell due to fears about a fresh profit warning, according to the Daily Mail's market report. The rumours come less than two months since their last one wiped over 20 per cent off the share price.
Posted at 27/4/2011 10:13 by bountyhunter
"Investors were pleased by the company's interim management statement and Aggreko lead Wednesday's risers on the benchmark FTSE 100 index. At 0748, its shares traded up 4.2% at 1782 pence, valuing the company at just over GBP4.8 billion. The stock has now gained 18% in value since the start of the year and has increased 43% in value over the past 12 months.

Analysts were also receptive to the release, with Singer Capital Markets saying Aggreko 'is a quality company that is worth paying up for,' and John Lawson at Investec Securities adding the company continued to perform extremely well. He flagged an increase in his target price to at least 1900 pence, from 1820 pence."
Posted at 14/3/2011 10:17 by peaeff
AGK are so well positioned now, throughout most of the world, that it is almost innevitable they will be called upon to help with any tragic events which involve electricity supply. Years ago it used to be the hurricane season around N.America which gave them a few unexpected dollars but now it could be almost anything. It has become a truely international and brilliantly run company and, IMO, one which does it's best to keep shareholders informed, a trait which a good many other companies could do with copying. I only wish they would consider a 3 for 1 share consolidation to bring the price down to reasonable, and more attractive to investors, level.

Very good luck all.

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