Aggreko Share Discussion Threads

[zyzzyva] 08/8/2015 19:04

wonder if this will end up like APR- dropped over 90% in less then 2 years

[zyzzyva] 08/8/2015 18:40

the consensus forecasts are still showing earnings growth next year. surely this is very hopeful? when existing contracts are re-negotiated, surely there could be price pressure like with the bangladesh contract?

[bountyhunter] 08/8/2015 17:56

down around 20% (margins are lower) but revenue is up!

uk.advfn.com/news/UKREG/2015/article/68053965

[zyzzyva] 08/8/2015 12:18

are profits collapsing?

[zcaprd7] 07/8/2015 16:57

Pretty relentless. £10 looking likely...

[bountyhunter] 06/8/2015 12:25

from today's interims...

TRADING RESULTS

-- Local business revenue increased by 3%, aided by successful delivery of the inaugural European Games;

-- Power Projects revenue down 9%, driven by Bangladesh pricing and lower utilisation on Panama contract;

-- Solid year to date order intake of 451MW and strong order book reflecting extensions in Argentina, Ivory Coast, Bangladesh and the first 115MW in Mozambique;

-- Strong balance sheet with 0.8 times net debt to EBITDA; net debt down GBP70 million on prior year;

-- Maintained interim dividend of 9.38p;
-- Full year fleet capex flexed from GBP300 million to GBP270 million reflecting current trading conditions;

-- As reported on 24 July, results are impacted by the slowdown in the North American oil and gas sector, lower than expected pricing on the Bangladesh contract extension and lower production levels in Yemen due to ongoing security challenges;

-- Continue to expect full year profit before tax to be between GBP250 million and GBP270 million at current exchange rates.

BUSINESS PRIORITIES

At the full year results in March CEO Chris Weston announced a comprehensive business review to identify priorities for the next phase of growth.

Key Conclusions

-- Aggreko is a strong and resilient business in growing markets serving a critical need;
-- The market environment has changed;
-- A new organisational structure (announced 22 June) is required to better address those markets and improve operational efficiency:

- Created two separate business units, Power Solutions and Rental Solutions, effective from 1 August;
...
uk.advfn.com/news/UKREG/2015/article/68053965

[bountyhunter] 06/8/2015 12:18

interims pretty much as flagged, dividend maintained...

The Board has decided to pay an interim dividend of 9.38 pence per ordinary share which is in line with the same period in 2014; dividend cover is 3.2 times (30 June 2014: 3.9 times) and is consistent with our strategy of full year dividend cover of around 3 times (31 December 2014: 3.0 times). This interim dividend will be paid on 2 October 2015 to shareholders on the register at 4 September 2015, with an ex-dividend date of 3 September 2015.

...for future reference now added to the header.

[flatoutfred] 06/8/2015 10:08

£3 ?? You need to stop smoking that stuff !!

[gucci] 05/8/2015 00:08

im out today
cant stand it any more
could be heading to 300p at this rate :-(

[zcaprd7] 04/8/2015 17:05

Another nasty day...

[makeaprofit] 03/8/2015 20:31

We have had some very good special divi's

[zcaprd7] 03/8/2015 19:00

Very small dividend?

[salpara111] 31/7/2015 13:03

still trades on a pretty punchy multiple and the share price has massively outperformed the FTSE 100 over any period longer than 5 years.
The stock got to a point where it was massively overbought, it is no longer growing but pays a very small divi so there is nothing to support the share price
The new guy will probably enjoy a period of grace which may see the share price rebound but it is clearly going to be very difficult to turn the business's fortunes around given the long term nature of their contracts.
Personally I am not tempted at present.

[flatoutfred] 31/7/2015 10:54

In the name of the wee man WTF is going on ?

[bountyhunter] 30/7/2015 10:47

wish I knew! maybe lack of confidence by the market? believe me I'm not happy about it!

[flatoutfred] 30/7/2015 09:02

Why is this still dropping Bounty ?

[bountyhunter] 28/7/2015 11:09

... not any more! :-)

[flatoutfred] 28/7/2015 08:44

£5 2009, £10 2010 but has enjoyed relatively steady growth. I just don't get the £2+ overnight drop on a profits warning. Other than being heavily shorted there is nothing to drive it lower - or is there ?


Oh, and the link at the top to the Financial Calender is out of date ;o(

[bountyhunter] 27/7/2015 19:14

Unfortunately I think we need to look back further than 5 years :-(

The header chart now shows 10!

[zcaprd7] 27/7/2015 18:05

I guess £10 is an obviously psychological point. Need to look at the 5 year chart, which I can't do on the mobile application...

[flatoutfred] 27/7/2015 08:41

Whats the general concensus on bottom ? Already dropped (quite a bit) below mine !!

[zcaprd7] 26/7/2015 13:01

To be fair it recovered about a pound from the lows. I've seen other companies get knocked for 6 on a profit warning.However this was already at a 3 year low, and it wasn't exactly surprising stuff?

[bountyhunter] 24/7/2015 17:39

good point!

[zcaprd7] 24/7/2015 14:06

Yes! What happened to the splitting out idea?

[bountyhunter] 24/7/2015 13:40

it definitely is now :-(