AGA Rangemaster Share Discussion Threads

[wad collector] 09/10/2007 15:13

It's more of a tortoise than a hare , but hopefully won't hibernate all winter.Volatility has decreased recently .Time we had some more news.About anything.

[enami] 08/10/2007 16:26

Interesting - a big push up at the EOD here.

[wad collector] 12/9/2007 17:48

Boston just increased their stake to 11% too.Promising interest by these funds after results.

[wad collector] 31/8/2007 20:12

Well , as you say it has weathered the last month well ; is it time for a sustained rise now?

[bigbertie] 14/8/2007 17:30

Price looking very strong given the state of the markets. Duke Street Capital and Morgan Chase both buying following the stakebuild from Truell Fund. Something must be going to happen - it would be nice to have some good news for a change!

[enami] 09/8/2007 16:12

This is doing well today, a new ATH.
I have a Fib target at 476.25

[wad collector] 09/7/2007 09:53

Yes , though the trouble with setting a 460p targer is that it is a bit meaningless with out any date.AGA is likley to be worth £6 someday , but the usefulness of this entirely depends on date it happens.
However, all adds to rising confidence about AGA.

[mctmct] 06/7/2007 13:55

LONDON (Thomson Financial) - Cooker and refrigerator manufacturer AGA
Foodservice Group today said it would sell its foodservice business and would
focus more on its consumer unit going forward.
William McGrath, the group's chief executive said AGA was working on a plan
to separate foodservice from its consumer operations in a bid to unlock value
for shareholders.
"The group is now considering the sale of the foodservice businesses and
Dresdner Kleinwort has been appointed to work with us on the separation of the
foodservice businesses from the consumer side," McGrath told reporters this
morning.
"For the last year we have said we were committed to driving structural
change in the commercial sector. Since then we have looked at the other options
available to us to provide shareholder value and sustained growth."
The company said it was in a position to discuss the potential sale of
foodservice with interested parties but ruled out the sale of the group as a
whole.
"We've prepared for this over the last few months and have done the hard
yards to put ourselves in a position where we can talk to third parties,"
McGrath said. "All public companies are on other companies' radar but our job is
to generate value for shareholders. We feel we have some cracking businesses on
the consumer side and we'll be putting our investment case forward when we make
the disposal [of foodservice]."
AGA said it expects pretax profits for the first half of the year to come in
at around 22 mln stg.

[sandbank] 06/7/2007 13:08

Erin Brok: Don't worry about your AGA's carbon footprint. This whole who-ha is just a passing fashion - as much of a footnote in history as Al Gore.

Global warming became old-hat in just 2 years and has already had to be re-branded as "climate change" - and you always know a campaign is on its last legs when they have to resort to "celebrity" concerts to keep the thing going.

However AGA do need to innovate. ..and what every home will surely need long-term is an Aga that'll run on virtually inexhaustible fuel. ....so enter the Nuclear Aga - with its own mini-reactor keeping the whole house warm forever.

After all, the current AGA is already about the size and weight of a submarine's reactor - so there needn't be any changes to the look of the thing - just a couple of radiation labels here and there.

[wad collector] 06/7/2007 08:24

Yes , similar levels to this time last year now.It does seem as though they are selling off everything they can think of .The curious cycle of acquisition and disposal.

[enami] 06/7/2007 08:11

Wow that's some trading statement response, opened up 8%.

[wad collector] 12/6/2007 17:30

It fell 40 after that IC suggestion!Now retracing slightly , I am looking for a top up opportunity , though may take off without me.

[wad collector] 21/5/2007 12:09

Oh no; that is the kiss of death!

[bigbertie] 18/5/2007 20:39

Investors Chronic rates it as a takeover possibility today.

[wad collector] 18/5/2007 10:39

Looking strong last few days - just reflecting the general market or breaking out?

[erinbrok] 13/5/2007 22:05

BB

Just to get the discount! Hoped they would stay ahead of the purchase price (3.93 may 2006) until we bought.

Problem is I have always been negative about the cookers but the missus "can't live without my AGA". She is a brilliant cook so I just grin and bear it - and I'm building a www.ss100.com car so my carbon footprint is probably greater.

We have a leaky old medieval house so background warmth and heating offset is acceptable, but would you really put one of these in a modern insulated house - 1.25kw 24/7 - no way! Our local AGA dealer in Brittany says its only the "Parisian posers" that buy them - says it all.

Long term that is no way to build a business.

They need to crack the on/off switch (or insulation blinds or link to underfloor heating) for ambient heat, otherwise I fear the product is like a dinosaur - dead in the long term, which I personally fear may be within 3 years.

Still I was lucky, the share price held up and I got an extra £500 discount.

[bigbertie] 12/5/2007 10:24

EB - good to see you are supporting the shares - hope the cooker lives up to expectations. Did you buy the shares just to get the discount, or as an investment?

[erinbrok] 11/5/2007 17:20

I reckon the share price is up because my wife finally bought her AGA yesterday afternoon.

On a small point, the Company Secretary confirmed to her a couple of weeks ago that the shareholder discount requirement of holding 1000 shares in order to get the 10% off (limit £500) will be honoured post consolidation to 888 shares and only revert to 1000 shares after Sep 30th next. Worth bearing in mind when the list price on the cooker is £7,500!

[bigbertie] 11/5/2007 10:59

I thought this might happen - shares creeping up ahead of going xd the special dividend this weekend. Since the share capital is being reduced to compensate for the dividend I presume the new shares should open at about the same price as the old ones close (ie no mark down for ex-div on Monday?).

[bigbertie] 17/4/2007 13:36

I think the consolidation is designed so that it is easier for management to show a gain in eps and share price, and a rising dividend yield afterwards.

I agree with your sentiments about expansion. General opinion is that the company lacks critical mass, and the strategy seemed to be to expand through acquisition, but now it has considerably reduced its firepower for takeovers.

Hmmmm.......

[baht] 17/4/2007 11:05

IMO the share price will drap further straight after the share consolidation, as that always seems to be the case after this type of exersize. The special divi does not appear to go ex divi till early May and this usually also pushes the share price lower. All in all I cannot see why the board have taken the decision to pay this extra divi. The share price has already lost approx 20p since just before the Special Divi RNS and it will almost certainly fall further as soon as it goes ex-divi. So the Board give us a divi with tax bill and reduce our capital value by a larger amount. At least with good old CGT you choose when you pay it.

Have to hold for now but not happy. And why the consolidation 9 for 8. Seems fairly pointless, especially as the post consolidation price is still likely to be similar to the pre-RNS price.

Personally I would have preferred it if they had spent the monies on further Expansion or more R&D into more energy efficient cookers etc. In the years to come I don't think a "Corporate" will be able to be seen as being to "Green".

Just my 2p's worth but I would appreciate an explanation that justifies the 8 for 9 consolidation.

Also anyone know what happened to the new "Green" deep fat fryers that were being developed and meant to herald a new generation of profits for the company.

[bigbertie] 17/4/2007 09:29

yes, difficult to anticipate what will happen to the price after the dividend and share consolidation.