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Andrews Sykes Share Discussion Threads
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|But at a guess I'd say any increase in annual profits would be just a few 100's of thousands of pounds at best surely? Most of the profits are made in UK.|
|Yes, it will benefit.
ASY does not hedge currency. Operational costs and revenue fluctuations with respect to currency tend to proportional because in country expenses and in country revenues are transacted in the same currency.
But any earnings repatriated will see a currency gain.
Foreign operations which have loans in sterling will see a small increase in costs. But loans are small and the interest rate is at 1.1% so these really are negligible whereas earnings repatriation is much larger.
All IMO DYOR and all that.|
|With its many overseas depots/branches, any views please if ASY will benefit significantly from the big recent devaluation of the pound?
ALL IMO. DYOR.
|That August weather forecast produced by Mr Scholey is looking right on the money....
blueliner 2 Aug '16 - 21:38 - 1639 of 1646
'Warmer than average August seems likely' etc|
|The good thing about this hot spell (in the south mostly, I know) is that the continent is sizzling. Paris 37C, Amsterdam 33C etc.|
|Everything is cool.|
how is business for aircon and refrigeration going please?
"UK: Andrews Sykes Group has invested more than £250,000 in an expansion of its UK hire fleet.
This month’s investment is said to have been necessary to enable Andrews to keep pace with the growing number of planned and emergency calls it receives from clients looking to temporarily bolster their cooling or heating requirements.
The investment has enabled Andrews to increase its number of 15kW, 30kW and 60kW air handlers and fan coil units.
All air handlers and fan coil units have been developed to an Andrews Sykes specification to meet the most demanding of applications but of a compact size that allows them to pass through narrow halls and doorways."
....so sounds as though trading is pretty decent or better.|
|After the last 2 sets of results this price is a truer reflection imo. No doubt everyone's heard the forecasts of another heatwave. Temps should reach 32C in places by Tuesday but possibly getting fresher later in the week. Some summers struggle to see 22/23C, so although we haven't had prolonged hot spells we've had a few decent ones and Europe has been pretty warm too.|
|Interesting move ...|
Local weather forecaster comments with his August 2016 LRF
'Warmer than average August seems likely' something to do with the phases of the solar cycle and 19 year lunar node matches.
'there is every suggestion that August 2016 could be warm'. But mixed at times and humid as well.|
|For heatwave please read heat-ripple.|
|Tks for that !
|According to Stockopedia there's been 42.3m in issue since 2012.|
|When I looked some months ago ,I'm sure that there were 44 million shares in issue.
ADVFN now say there 42.4 million out there ...has the Company been buying them back ?
Just a thought and no advice intended etc.|
|Definite signs of another heatwave getting established over the weekend. Watch this space.|
|Signs that after some fresher air and showers things may warm up again. Watch this space.|
|Tks for that ...interesting|
|I understand from management that c27C starts to spark extra demand. Company really likes 'extended heatwaves' -- a couple of weeks or more of c27C, rather than short-lived bursts of exceptionally hot sun. Longer the heatwave, longer the rental period. Heatwaves are more profitable than cold snaps, which in turn are more profitable than floods. Fingers crossed for an extended heatwave!|
|OK, getting hot over the weekend and lasting into next week, maybe Wednesday/Thursday. As usual, warmest in the south with the likelihood of 30C in London but it does look as though it wont last much longer, but who knows. Not going to massive for ASY but should spark a bit of interest.|
|It is going to get very warm by the weekend, especially south/southeast as usual. Not sure about length of hot spell but indications at present suggest short-lived, again as usual. However, 30% chance of something lasting into/through next week. Chance of 30C London.|