AGA Rangemaster Share Discussion Threads

[matt] 15/1/2010 08:01

Does look very promising.

[cockneyrebel] 15/1/2010 07:33

Wow - monster cashflow. They said they wanted to be over the £5m level as a target for this year - that's £25m - sounds like recent business is rather good.

In profit too - will be interesting to see by how much and what the year ahead forecasts are at the results.

A pleasing statement and the pension being sorted - creats a gain there too by the look of it.

CR

[max12475] 12/1/2010 17:02

I do believe there is a good return to be had on AGA. It is such a fundamentally strong and well run company that I fail to see how it can fail. I think it is only a matter of time before the shares rise through £1.50 (which is where I bought at unfortunately!)

The trading statement this week will quell some investors fears I'm hoping and we should see a good performance this week.

What are everyone elses thoughts?

I'm in AGA for the long run, it's a relatively safe investment with some great upside potential.

[wad collector] 12/1/2010 15:08

Slow reward I suspect , but any reward is worth having.

[cockneyrebel] 08/1/2010 08:53

Well it seems like every co is coming out and saying trading is inline or ahead on their trading statements.

AGA t/s next week and right down here on the chart - highly geared to any recovery - if it gets back to or above those 25p eps it was making then these will be £3-£4 imo.

Seems low risk/high reward here to me.

CR

[cockneyrebel] 23/12/2009 16:35

Someone trying to buy 20K in the auction @ 125p :-)

They only got 4K :-)

CR

[wad collector] 22/12/2009 18:11

Good to read a more optimistic statement than the last ones.

[cockneyrebel] 22/12/2009 11:13

Might do :-)

I think the trading statement in early Jan is more likely to do it tho - after this below:


>i>12th November 2009

FOR IMMEDIATE RELEASE

AGA RANGEMASTER GROUP PLC ("AGA RANGEMASTER")
INTERIM MANAGEMENT STATEMENT
STRONG CASH POSITION AND BRIGHTER SALES OUTLOOK THIS AUTUMN

AGA Rangemaster, the consumer brands Group, today issues an interim management
statement for the period from 30th June 2009.

Overview

The Group is in the key autumn sales period and following a quiet summer it has
seen a seasonal upturn in activity. Order levels in key areas are above those
of late 2008 and the first half of 2009 when the sharp decline in the housing
market fed through to weak order intake. Order levels, however, continue to be
below those of two years ago.

At the beginning of the financial year, the Group set a target of having more
cash in the bank at the end of 2009 than the GBP5.8 million with which it started
the year. The focus on cash management including working capital reductions
means that this target will be exceeded.

The strong management action taken to improve overall operational efficiency
has enabled the Group to deliver a resilient trading performance in tough
consumer market conditions. Taking into account current order levels,
management action, rationalisation costs and pension credits the Group expects
to report a profit before tax in the second half of 2009.

William McGrath, Chief Executive commented: "An improving mood in the housing
market and consumer enthusiasm for our core products is evident in the brighter
sales outlook this autumn. We continue to invest in quality product as well as
strong marketing initiatives to support our brands and generate sales whilst
maintaining focus on costs and cash management..........."


Starting to make higher highs again.

CR

[wad collector] 22/12/2009 10:07

If I post on here every day , do you think that will make it go up?

[cockneyrebel] 17/12/2009 10:40

Creeping higher and higher on the Ask - going to run away when the bid starts chasin git up and narrowing imo.

t/s in Jan.

CR

[cockneyrebel] 14/12/2009 10:26

L&G bying more down here - they are going to look like they know what they are doing if they aren't careful :-)

Right on the low trend here if you draw a line up the past year's lows

CR

[cockneyrebel] 11/12/2009 11:42

MM's got the stock they wanted? Taken the scares off the price no having made the punters panic out.

13K bough tat a premium last night in the auction @ 121.25p - that's 13K - exactly the 13K they frighted out of the market @ 112p earlier.

An easy grand Christmas box - bet they spend it on a new AGA for the country retreat too! :-)

CR

[dalstal] 10/12/2009 21:44

shares or scrotums dave - your suggesting your gonna let the mms have a play with your nuts!

sorry to barge in - just having a look seeing maybe can time a decent buy.

[bigbigdave] 10/12/2009 21:25

"cheese grated the scrotums". Now there's a powerful image 8-)
They ain't having mine. (shares not scrotums).

[cockneyrebel] 10/12/2009 20:19

Have a look at the buys filled at the close @ 121p - mm's have cheese grated the scrotums of the little guys in here the past few days, to fill larger buys - gonna get hiked up before any retail punters get a look in imo.

CR

[cockneyrebel] 10/12/2009 09:00

small guys being mugged out for that bot to buy.

All be piling back in ahead of the Jan t/s imo.

CR

[cockneyrebel] 09/12/2009 12:09

I think a lot of small punters have been mugged out. Have you seen those buys yesterday?

50K, 11K, 13K, 5K, 3K and just a few small sells - mark down is outrageous imo.

Worth readin this again - and remembering these have a year end statement in early Jan

12th November 2009

FOR IMMEDIATE RELEASE

AGA RANGEMASTER GROUP PLC ("AGA RANGEMASTER")
INTERIM MANAGEMENT STATEMENT
STRONG CASH POSITION AND BRIGHTER SALES OUTLOOK THIS AUTUMN

AGA Rangemaster, the consumer brands Group, today issues an interim management
statement for the period from 30th June 2009.

Overview

The Group is in the key autumn sales period and following a quiet summer it has
seen a seasonal upturn in activity. Order levels in key areas are above those
of late 2008 and the first half of 2009 when the sharp decline in the housing
market fed through to weak order intake. Order levels, however, continue to be
below those of two years ago.

At the beginning of the financial year, the Group set a target of having more
cash in the bank at the end of 2009 than the GBP5.8 million with which it started
the year. The focus on cash management including working capital reductions
means that this target will be exceeded.

The strong management action taken to improve overall operational efficiency
has enabled the Group to deliver a resilient trading performance in tough
consumer market conditions. Taking into account current order levels,
management action, rationalisation costs and pension credits the Group expects
to report a profit before tax in the second half of 2009.

William McGrath, Chief Executive commented: "An improving mood in the housing
market and consumer enthusiasm for our core products is evident in the brighter
sales outlook this autumn. We continue to invest in quality product as well as
strong marketing initiatives to support our brands and generate sales whilst
maintaining focus on costs and cash management."

Operational Review

Rangemaster, our best performing brand, now offers fridges, dishwashers and
wine storage in addition to range cookers and sinks. Orders in the last ten
weeks for Rangemaster, Falcon and the recently acquired Mercury brands, are up
15% against 2008 levels. Second half revenues for Rangemaster are now expected
to be ahead of 2008 levels.

After a slow period in the summer, we have seen a more encouraging trend in
orders for AGA and Rayburn cast iron cookers. Over the last ten weeks orders are
now closer to 2008 levels with our lead indicators ahead year on year. Due to
the weak first half we still anticipate sales to be down by over a quarter
against full year 2008.

The new Ogilvy devised `AGA Season' advertising campaign designed to drive shop
footfall was launched on 24th October supported by national press and radio
advertising.

Rayburn sales of wood burning models continue to perform strongly. The new
oil-fired 600 Series has been particularly well received by professional trade
installers and home heating specialists and will give further support to
overall Rayburn sales. Despite a good year for stoves, Stanley sales in Ireland
will be significantly lower this year given the weakness in the Irish economy
impacting consumer confidence.

Sales at AGA Marvel, the North American business, continue to be below those of
2008. The action taken to move to a new refrigeration factory in Greenville,
Michigan, to reduce the cost base substantially means the business is trading
around breakeven despite volumes being down 35%.

Fired Earth's orders are down in the last ten weeks and have yet to see a
return to 2008 levels. Grange has seen some improvement in order levels in the
last ten weeks. Fired Earth's move into fitted kitchen ranges was marked with
the launch of the Moderne Collection designed by Charles Smallbone. Hand-made
by Grange, utilising existing capacity in France, the collection will be taken
to more Fired Earth and Grange outlets internationally in 2010.

The Group continues to focus on managing its cost base tightly as well as
improving cash generation. The Group is progressing well with combining AGA and
Rangemaster operations in the UK. This project will be completed by the first
half of 2010 and will further position the Group to take advantage of the
operational leverage inherent in the business as end markets improve and
incremental sales are generated.

[smicker] 08/12/2009 13:39

I think you're right. This share seems to move on small volume which works both ways. I'll add soon but its hard to time when theres no real reason for the downward drift.

[cockneyrebel] 08/12/2009 11:36

Ah well, added a few more and I'll keep adding here - weak market day and the punters sell anything, a strong day later this week and they pay anything to buy back in imo.

CR

[cockneyrebel] 07/12/2009 14:49

Perhaps, not exactly sure there.

Looks like I'll get to steal a few more of these cheaply tho looking at todays action.

CR

[smicker] 04/12/2009 18:46

Looks more like a transfer??

[cockneyrebel] 04/12/2009 16:18

Pension Insurance Corp just bought 19% of AGA in one hit by the look of it.

CR

[cockneyrebel] 03/12/2009 08:13

B&Q doing well for Kingfisher today in their statement - Kitchens and Home Improvements are selling again imo.

CR

[cockneyrebel] 02/12/2009 14:55

The bot is at it again, nibbling away - another spike when he's had them all.

CR

[cockneyrebel] 01/12/2009 10:54

Buyers in sharpish this am - scared incase they miss this spike up?

CR