AGA Rangemaster Share Discussion Threads

[ls lowry] 21/3/2010 15:55

Bad write up from Yahoo AGA are becoming too costly to run...

[ls lowry] 18/3/2010 15:20

You need your eyes testing there are 90 entrants and 31 is up less than 2%.

In the meantime this croc continues to fall which isnt a surprise considering the pension deficit will drag on earnigs for years.

[cockneyrebel] 15/3/2010 19:20

Yeah, I do that badly I'm up 16% and 31st out of 350:



Tool!

CR

[ls lowry] 15/3/2010 18:27

Not as big a tool as you are seeing some of your stocks delisted...lol

[wad collector] 12/3/2010 13:38

This still isn't going anywhere,at least not this year.Hold and hope.

[ls lowry] 12/3/2010 13:29

Brokers say...

"The current market 2010 estimates range from PBT of £3.5m - £8.0m and EPS from 4.0p to 9.2p. Assuming earnings of 4p, the group trades on 30x, which is expensive"

[wjccghcc] 12/3/2010 08:50

Not sure I agree on this one CR. If you strip out the pension curtailment gain, they're still lossmaking. H2 operating profit was 200k. Cash generation was good but it's all working capital squeezing which isn't repeatable.

But the main elephant in the room is the pension fund which is huge (650mm) vs the size of the company. I hold a lot of Delta which is being taken over - their pension fund is 250mm with a similar deficit of around 70mm and they're factoring in 100mm to get rid of the pension fund completely. Extrapolating that, it would cost AGA probably 150-200mm to derisk their fund. In the meantime, their pension contributions will rise from 2mm to 10mm in 2011.

[ls lowry] 12/3/2010 08:00

Aboluteley awfull results.

No dividend.

Massive £100 million deficit on the pension fund which will drain future profits.

[cockneyrebel] 12/3/2010 07:40

Well the results are well ahead of what I expected. Having made a 2.3p loss in H1 that means a 4.8p eps in H2. Makes the forecasts look way too low going fwd imo.

Cash generation is massive too, miles higher than expected.

Pension deficit like loads of other co's is a pig but they are cyclical too imo - in 03 they looked dreadful, in 08 they lookeded quite surmountable imo. I think as we go fwd investments will pick up and deficits will fall for lots of these co's along with the pension schemes getting realistic.

Fab earnings and cashflow tho - I'll simply wait for the broker upgrades or the 'significantly ahead' statement which has to come at some point with these numbers.

House prices up 1.9% in Feb according to Bloomberg - a 7 year record rise - houses being bought - good news for AGA.

CR

[fozzie] 11/3/2010 16:59

I will be looking through the results carefully too. No position as yet but interested in their outlook.

[cwa1] 11/3/2010 16:52

Certainly got them crossed for tomorrow. Not looking for anything spectacular in earnings tomorrow but would be nice to hear that things are picking up and demand is strong, that's what we need to hear.

[cockneyrebel] 11/3/2010 16:38

Well results tomorrow.

Can't see what surprises there will be in the numbers as they've already said they just squeaked a profit.

I think the main thing will be that they haven't seen any unforeseen happenings. Range sales have picked up dramatically and the operational gearing that feeds straight to the bottom line is evident in the forecasts, Evo forecasting 9p eps this year, 18p next year after what. 0.5p eps for the results tomorrow? Pretty stunning that.

Anyway, I don't give a monkeys what the share does tomorrow - been sell offs on results lately then days/weeks later back up again and more - YULC yesterday was weak on the results and up nice today.

I'm holding these for a longer term - you hold then one day they surprise and say they are ahead and suddenly you're up 30% before the open imo.

CR

[cwa1] 10/3/2010 16:34

Couple of 40,000 orders on opposite sides of the book just gone on!

[cwa1] 10/3/2010 16:19

Eyes down, fingers crossed CR. Level 2 jumping about like a cat on a hot tin roof at the moment!

[cockneyrebel] 10/3/2010 14:59

Results just a couple of days away.

AGA - do,do,do!

CR

[cockneyrebel] 08/3/2010 16:28

Results later this week - take a peep at the growth forecasts here - staggering.

CR

[cwa1] 02/3/2010 15:40

Let's hope it's the start of better things to come.....

[cockneyrebel] 02/3/2010 14:35

Buyers today, results in 10 days - I think perhaps the start of pre-result buying.

CR

[wad collector] 22/2/2010 12:35

Or was it selling?Looks pretty static to me.Unfortunately.

[cockneyrebel] 05/2/2010 14:26

Tipped somewhere or soome news?

Bunch of buying going on.

CR

[cockneyrebel] 02/2/2010 10:35

L&G down below 3% - the seller that's been hitting the price I bet.

Perhaps they are done.

CR

[cockneyrebel] 29/1/2010 16:36

Highest close since October - reckon the volume this week might have cleared the sell out or most of it.

158p set to be tested imo.

CR

[cockneyrebel] 29/1/2010 16:15

Chart looks lovely here - about to spike north?

CR