Aggreko Share Discussion Threads

[apad] 08/2/2012 19:42

Huge jump in CAPEX means price to free cash flow per share is 41 cf PER of 27.
Suggests fully valued.
64 jobs vacancies in North America
Can't access vacancies in UK or rest of world directly.
apad

[raymulligan2] 08/2/2012 18:54

No, Olympics & Queen's jubilee, lots of ongoing disasters, should be good year.

[apad] 07/2/2012 21:50

Anyone worried about the current valuation?
apad

[jbtrend2] 31/12/2011 22:20

Telegraph share tips for 2012

[ccnp] 20/12/2011 11:17

HL have issued a Buy note which cites competition and currency as the major risks but notes good fleet, good local business pipeline etc

[purple boots] 19/12/2011 12:20

Good trading statement, contract win and chart looks good having recently broken out of a triangle and three moving averages converging.

[nivensxx] 25/10/2011 10:21

I'm an in-and-out holder of AGK. However, I'm a bit puzzled by the interim statement where it says that the increase in debt is partly due to the return of capital to shareholders. Surely you do not return capital if it increases your debt?

[bountyhunter] 24/10/2011 19:43

the outlook may have been but the outlook for the year has just been increased, that has to be good news!

[raymulligan2] 24/10/2011 17:22

unfortunately not reflected by brokers who say its already built into the price !

[bountyhunter] 21/10/2011 07:52

Interim management statement out this morning.

"Strong performance in the third quarter; outlook for the year increased"

[bountyhunter] 21/9/2011 17:33

XD today, 7.2p/shr

[bountyhunter] 05/9/2011 17:28

interesting...

[nellie1973] 01/9/2011 16:08

We have been fans of Aggreko for some time now, says the Investment Column at the Independent. Our confidence has been down to the fact that it is well placed to meet the global demand for power. The temporary power provider boasts both the know-how and the reach to meet the needs of its customers, whether it be during crises that knock out conventional supplies, or during big sporting events. The one fly in the ointment, however, is that the Aggreko story is far from secret. The market is very much alive to the growth potential, something that is reflected in the share price, which is up more than 100 per cent since the beginning of last year. You could, in other words, argue that it would be prudent to bank profits. We would disagree. Buy, says the Independent.

[honiton] 28/8/2011 16:14

does nobody think that a hurricane is good news for this one?

[nellie1973] 26/8/2011 16:12

Tipped in press today as a buy

[bountyhunter] 25/8/2011 17:44

Aggreko delivered a strong performance in the first half of 2011. On an underlying basis (in constant currency and excluding the one-off impact of the Vancouver Winter Olympics, the FIFA World Cup and the Asian Games as well as pass-through fuel), revenue grew by 21% and trading profit by 17%. Reported revenue increased by 9% and reported trading profit decreased by 3%.

Our strong margins and cashflows have enabled us to substantially increase the rate of our investment in rental fleet to record levels and, at the same, time deliver a material amount of value to shareholders by way of a GBP151 million return of capital. Plans to do this were announced in March 2011, the proposals were approved by shareholders on 5 July 2011 and the return, equivalent to 55 pence per ordinary share, was completed in July. Following the return, and on a pro-forma basis, our net debt stands at 0.8 times EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) generated in the 12 months to 30 June 2011, which has moved us closer to our longer-term target of around 1 times net debt to EBITDA.

Dividend

The Board has decided to pay an interim dividend of 7.20 pence per share, which is an increase of 10% over the 2010 interim dividend. This interim dividend will be paid on 19 October 2011 to shareholders on the register at 23 September 2011, with an ex-dividend date of 21 September 2011.

[bountyhunter] 17/8/2011 11:35

AGK has bounced back relatively well given the recent market downturn, imho

[bountyhunter] 15/7/2011 15:41

the Ugandan government chop and change their minds so often (as evidenced by the HOIL/TLW fiasco) that AGK will probably be waiting to see what actually happens regarding this as the current suggestion is not until November; at least they have secured payment of the arrears due with that contract and as they are a temporary power supplier an end date may well have been anticipated in any case

[scburbs] 15/7/2011 12:15

Uganda contracts look in trouble with Mutundwe set to be cancelled as well as Kiira.

"AGK: Press reports that Uganda has binned 100MW of power generation from AGK in favour of cheaper hydropower plant. Contract was equivalent to c.8% of last year's IPP wins

If this is true should they have put out an RNS?"

"KAMPALA -(Dow Jones)- Uganda's government will stop buying expensive power from two thermal plants owned by London-listed Aggreko PLC (AGK.LN), in a bid to reduce its electricity subsidy burden, Minister of Energy and Minerals Irene Muloni said Friday.

The government will terminate its contract with the Kiira and Mutundwe plants--which have a combined capacity of 100 megawatts--by November, when the first unit of the 250 MW Bujagali Hydropower Project is commissioned."

[bountyhunter] 13/7/2011 07:31

payments & generation due to resume in Uganda...

Uganda Thermal Plants Resume Generation, Deficit Eases -Minister
Wednesday 13 July 2011

Independent power producers have agreed to resume emergency power generation in Uganda following an agreement with the government over unpaid generation fees, Energy and Minerals Minister Irene Muloni said Tuesday.

At least two diesel-fired thermal plants resumed operations Tuesday after the government assured the owners of payment of at least 300 billion Uganda shillings or $118 million in arrears, she told reporters late Tuesday.

Independent power producers in the country include London-listed Aggreko PLC (AGK.LN), Ugandan power producer Electro-Maxx and Norway-based Jacobsen Elektro.

Two plants have resumed generation but the 50-megawatt Kiira thermal plant is still closed as the government doesn't plan to renew the contract, which expired at the end of June, Muloni said.

Uganda's parliament has approved the payment of arrears by the energy ministry.