Aggreko Share Discussion Threads

[roscodagama] 18/4/2014 15:44

23rd April.

[zcaprd7] 18/4/2014 13:19

When is the ex dividend date? Next week from memory?

[bountyhunter] 15/4/2014 17:56

looking good imho... (& world cup revenues yet to come)

15 April 2014

INTERIM MANAGEMENT STATEMENT

-- Encouraging start to the year
-- Local business continues to deliver strong growth
-- Power Projects order intake of 406 MW in the year to date, up 150 MW year-on-year
-- Strong cash generation in the quarter; net debt down GBP277 million year-on year
-- GBP200 million return of capital scheduled for June 2014

Trading

We have made an encouraging start to the year. Underlying Group revenues in the three months to 31 March 2014 grew 5%; "underlying" excludes pass-through fuel and the impact of currency movements. As anticipated, reported revenues were significantly impacted by adverse currency movements, and decreased by 4%. All growth rates set out below are on an underlying basis.

Two of our three regions delivered strong revenue growth in the first quarter, with Americas up 11% and Europe, Middle East and Africa (EMEA) up 15%. Trading remains difficult in Asia Pacific (APAC), and revenues were down 21%.

The Local business has continued to trade strongly, with underlying revenues in the first quarter up 11%. Amongst the regional Local businesses Americas grew by 12% and EMEA grew by 19%. APAC's revenues were 10% lower in the face of more challenging market conditions in Australia, driven by the slowdown in the mining sector. Overall, Local business margins on both a reported and underlying basis were at similar levels to the prior year for the first quarter.

Power Projects revenues in the first quarter were 3% down on an underlying basis largely driven by off-hires over the last twelve months in Indonesia, Military and Japan, which were partially offset by on-hires in the same period in Mozambique and Ivory Coast. Power Projects margins in the first quarter benefited from a reduction in bad debt provisions as a result of improved cash collections; excluding this benefit, and as anticipated, margins were lower than the prior year. Quarter one order intake amounted to 209 MW, similar to the fourth quarter of 2013. However, the first weeks of quarter two have seen order intake of nearly 200 MW, and year-to-date order intake now stands at 406 MW, which compares with 260 MW at the same stage last year. Within this we are pleased to have signed a 12-month 50 MW HFO contract in Senegal as well as 170 MW of short-term summer peak-shaving contracts in Saudi Arabia and Oman. We have also begun to deploy the 120 MW Libyan contract, announced at the time of our results in March, and accordingly it is now included in the order intake...

[zyzzyva] 15/4/2014 11:09

they holding out a little while longer until firmly in place at newco

[tompion] 15/4/2014 08:34

Very quiet board - is nobody interested in aggreko? Bit surprised to see 4% rise on management status - relief that things weren't worse and hope for the future I suppose.

[deanowls] 01/4/2014 16:56

So a 6 per cent payout going ex in about 3-4 weeks, does anyone know where to see if the shorters are reducing?

[argylerich] 17/3/2014 14:03

Cheers Dean, much appreciated :)

[deanowls] 17/3/2014 13:51

6. What if the number of Existing Ordinary Shares I hold on the Record Date does not divide exactly by 83?
If, immediately before the Share Capital Consolidation, your holding of Existing Ordinary Shares does not divide exactly by 83, you will be left with a fractional entitlement to a New Ordinary Share. So, for example, a Shareholder with 100 Existing Ordinary Shares would, after the Share Capital Consolidation, hold 95 New Ordinary Shares and an entitlement to approximately 0.18 of a New Ordinary Share. Aggreko will combine all fractions and arrange to have them sold in the market. It is expected that CREST accounts and bank accounts, as appropriate, will be credited with your proportion of the sale or you will be sent a cheque for your proportion of the sale on 6 June 2014. However, should the cash consideration for your fractional entitlement be less than £3 your CREST account or bank account will not be credited nor a cheque despatched in respect of that entitlement and the proceeds will be retained by the Company.


There you go mate, hadn't thought about that, at least vod gave the money to charity?

[argylerich] 17/3/2014 10:30

Apologies,I stand corrected, there is a 79/83 consolidation. That's skim reading for you! Shouldn't do it but.. ;)
So, slight consolidation, no dilution. Hmm now to try and find what happens to the 'odds' as these aren't small in value per share or easy numbers for the consolidation.

[deanowls] 17/3/2014 10:14

Hi Argyle,

probably being a bit thick but they did talk of a share consolidation that would hopefully keep the share price the same before the payment. In similar terms to the vodafone but not on that scale (11 for 6). dont have time to re-read it at the moment and maybe someone else can also clarify.

However thats my understanding of it.

[argylerich] 17/3/2014 10:10

Just 75p a share returned in addition to the dividend. No dilution :)

[apad] 11/3/2014 08:12

Does anyone have a view on the best tactics for the special payment date - perhaps sell before, but I can't see the logic?
apad

[deanowls] 10/3/2014 14:18

Z why keep posting the same link?

[zyzzyva] 10/3/2014 14:05

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.

[bountyhunter] 10/3/2014 13:46

Aggreko Will be the Official Temporary Power Generator of the 2014 FIFA World Cup Brazil™

RIO DE JANEIRO, March 4, 2014 /PRNewswire/ --

Following Aggreko's successful delivery of temporary power at the 2010 FIFA World Cup™ in South Africa, Aggreko has once again been selected to be the Official Temporary Power Generator of the 2014 FIFA World Cup™, which will take place in Brazil. The company has signed an agreement to provide temporary power for broadcasting of all matches in each of the 12 host cities. In addition, Aggreko will provide power and temperature control services for the International Broadcast Centre (IBC), which will be installed at Riocentro, Rio de Janeiro.

Aggreko will provide the power required for the broadcasting (television, radio, internet and press media) of all 64 matches of the competition, which will be watched by more than three billion people around the world; Aggreko will also power the electronic advertising boards around the pitch. The contract will encompass the supply, installation and operation of over 46 megawatts of generating capacity, 1,000 distribution panels and 200 km of electric cables.

Over recent years Aggreko has invested heavily in building its business in South America, and now has revenues in the region of around $400 million. The award of the FIFA World Cup contract follows the acquisition by Aggreko in 2012 of the largest power rental business in Brazil, PoitEnergia, and Aggreko's ability to serve FIFA efficiently will be supported by service centres and people who have come into Aggreko as part of the acquisition.

Rupert Soames, CEO of Aggreko, said: "Billions of people share in the excitement of the FIFA World Cup because of broadcasting. But behind the cameras lies enormously complex engineering and logistics, and Aggreko is proud to be part of the team that delivers a faultless end result. Aggreko has unique experience in the provision of power and temperature control solutions for the world's largest sporting occasions, and amongst recent events, Aggreko was the exclusive temporary power provider for the Olympics in London in 2012; Vancouver in 2010; Beijing in 2008; and, of course, the 2010 FIFA World Cup in South Africa. Aggreko has also recently been awarded a contract to supply power to the 2014 Commonwealth Games in Glasgow."

uk.advfn.com/news/PRNUS/2014/article/61313719

[zyzzyva] 10/3/2014 08:17

Questor share tip: Aggreko a questionable stock

It's the end of an era as chief executive Rupert Soames departs. Questor says sell

[deanowls] 07/3/2014 18:22

If it continues down i will be seriously adding at 15 quid, this will spike prior to the payout as the shorts begin to close.

[tompion] 07/3/2014 18:04

Yes there are several shorts in place and brokers today mostly say hold with lower share price expected. However, the business is a good one and fulfills a much needed function and it generates a lot of cash - it may have a growth holiday for another year but, in the longer term, i am confident that they will continue to grow, although at a more modest rate than previously. I will continue to hold.

[flatoutfred] 07/3/2014 15:58

Ooops sorry, old news - Well February so not so old

I delted that cause it was taking it to a different page !

[zyzzyva] 07/3/2014 15:26

if that's true, i guess it is because it is ex growth with PE over 20 and CEO has jumped ship to Serco which is half the size but more than treble the revenues

[flatoutfred] 07/3/2014 15:08

I read a thing about this being the most shorted share but it never said why - can someone please enlighten a moron like me why this is the case ?