AGA Rangemaster Share Discussion Threads

[typo56] 20/10/2008 12:24

But the brand could be broadend, as indeed they are trying, to include quality cooking utensils, perhaps domestic appliances...

[angus17] 20/10/2008 11:56

How many of you guys have an aga. They are crazy, expensive luxury items that simply do not make any sense. The wealthy will continue buying and using but the bulk of those people who have bought in the past 10 years (thanks to the consumer credit bubble) who could simply not really afford such items will now walk away.

Really not sure the brand is worth as much as you think if people can't afford the product.

Ive got rid of my holding today.

[finkie] 20/10/2008 11:51

cash only £16.9m at 30th June, havent followed this stock before but is the cash pile shrinking quickly even excluding their return of capital to shareholders?

[wad collector] 20/10/2008 11:20

Typo - you are right about the IMS ,apologies.In different times a predator might be sniffing but the same is true for most of the FTSE ; who can raise finance for a takeover?

[typo56] 20/10/2008 09:21

They're not exactly results, just an IMS.

Yes, it was an obvious warning but I think the dangers aren't on some people's radar between company statements.

If they fall a long way I'd expect a predator to move in. It has a very valuable brand name.

[wad collector] 20/10/2008 08:35

Todays results are not that bad , but the price has dropped 25% .Did anyone really think there would be good news?

[typo56] 02/10/2008 16:29

In case you missed it, Panmure downgraded a couple of days ago. Price target now 125p (from 140p). Sell rating.

[wad collector] 01/10/2008 10:21

I really think this header is a misnomer.

[typo56] 25/9/2008 07:08

Citigroup has just cut AGA to hold from buy.

[sandbank] 02/9/2008 15:27

something up here?

[wad collector] 17/7/2008 17:38

Wow up 10% today.All I need is another 150% and I'll be back in the blue!

[bigbertie] 09/7/2008 12:14

but is it a positive statement? It says the first half will be significantly affected by reorganisation costs in Ireland and that there is a factory move going on in the US and a distribution centre move going on in the UK. Both the latter can be expensive and can disrupt production / shipments in my experience, so I suspect the full year results to be clobbered by exceptionals. Just IMHO, for info I sold at a loss and have no holding.

[wad collector] 08/7/2008 23:20

Positive sounding statement has done nothing for the share price ; this header is looking more and more of a misnomer.I guess,like most holders , I don't like selling out a sizeable loss and would rather sit and wait for confidence to return to the market.Maybe not this year.

[wad collector] 02/7/2008 10:19

The oil/gas price doesn't help the demand for Aga/Rayburns either.The wood firing option becomes more attractive , but it is messy and hassle and all rather retrograde.
I am resigned to a long wait here.

[bearstalker] 24/6/2008 14:23

Yes, and i agree that people not moving houses will have an effect but a £10k Aga is a luxury item and I can't see those types in £750k plus houses who can afford one being put off. It's a luxury brand and many (though not all) luxury brands are often quite resilient to recession

[bigbertie] 24/6/2008 14:15

no specific news since 5 June when Panmure Gordon downgraded to sell. general bad new on housebuilders, retailers etc is probably to blame - its been falling heavily for a month now!

[bearstalker] 24/6/2008 13:56

What the eff has happened here - anyone got any gossip.

tempted to get in but will wait and see.

C

[roddyb] 16/6/2008 16:12

I have been assuming that Aga sales are directly linked to oil-prices and Fired Earth sales are linked to house moves/rennovation - therefore they have a real problem finding any growth anywhere. I am hoping against hope that they invest some money in R&D and come up with a sensible game plan to re-service all exisiting Aga owners with oil efficiency upgrades or alternative products to harvest their own decreasingingly loyal clientbase.

The share price seems to illustrate the point that if you don't go forward and look after exisiting customers then your business will go backwards.

[wad collector] 12/6/2008 10:12

Glad I don't have many of these.Doesn't look like bottoming.

[wad collector] 10/6/2008 17:40

I missed that RNS - guess that explains a bit.

[bigbertie] 10/6/2008 10:29

Baffled - I assume this is falling because of general concerns about recession impacting all consumer goods stocks. I held on to this one because of the positive management statement on 9 May, the fact that the company has net cash and the hope that up-market products (like more expensive houses) will prove less vulnerable to a downturn. The general economic situation could be affecting the shares, for example because investors need to release cash to cover other losses or meet higher spends. All this just my speculation - there could be bad news on the way, in which case I can only assume it is a fall in sales or rise in raw material costs.....who knows.

Edit - just noticed the RNS about the HSBC group holdings - if I read it right they have disposed of holdings of 6 million shares! Is this right? That could be either good or bad news - it could lead to a stock overhang, or they could have gone to a stakebuilder (do Duke Street still have 23%?). Or could it just be some slight of hand by HSBC? Anyone know?

[wad collector] 09/6/2008 21:29

I don't like the look of this recent drop on no announcements.Any views?