AGA Rangemaster Share Discussion Threads

[mr_bluesky] 09/8/2013 11:36

AGA now officially has turned uber bullish as it has broken out of the long term descending resistance.

Onwards and upwards it is then IMO.

Mr Bluesky

[mr_bluesky] 06/8/2013 14:57

Have'nt posted here for a while because AGA has been the slow burner that I predicted it to be when I started this thread in December 2012 when this price was 72p.

This has now got to a crucial stage and is about to get more bullish IMO.

Circa 100p ( price now 99.5p ) represents a contact with the descending resistance so a break over this and it will take AGA to another level in its recovery.

Mr Bluesky

[smicker] 04/7/2013 12:13

hxxp://www.professionalpensions.com/professional-pensions/news/2279459/hints-on-qe-end-push-liabilities-down-gbp31bn-as-yields-rise

This article gives some idea of how the rise in bond yields affect assets and liabilities of pension schemes.

[mechanical trader] 01/5/2013 15:14

01 May AGA Rangemaster... AGA Espirito Santo Execution Noble Buy 78.63 78.50 95.00 95.00 Reiterates

SP TARGET 95p.

[mechanical trader] 01/5/2013 08:02

Excelent......

Interim Management Statement
PRNW


1st May 2013

AGA RANGEMASTER GROUP PLC

AGM AND INTERIM MANAGEMENT STATEMENT

ORDER BOOK PICKING UP AFTER SLOW START

AGA Rangemaster Group plc is holding its Annual General Meeting at 11am today
at which the following statement relating to 2012 and the four month period to
27th April 2013 will be made by the Chairman, John Coleman.

"The strength of our product offering and the efficiencies of our operations
increased further in 2012, but there was little respite to the long running
weakness of the consumer markets in which we operate. We are, therefore,
pleased that we were able to increase profitability once again even though
overall revenues fell slightly.

So far this year, the modest overall turnover declines of 2012 have continued.
We do not take the slow start to the year as indicative of the full year ahead
as lead indicators and order intake levels, now level with last year, have
become more encouraging. In 2013, we expect increased appliance sales as
homeowners move and look to remodel assisted by the Government's encouragement
of greater availability of mortgages. This trend is already solidly established
in North America where AGA Marvel orders have risen appreciably.

For 2013 we have cost reduction measures already underway, most notably seen in
further rationalization programmes involving Waterford Stanley in Ireland and
Grange in North America. We are at the same time determined to allocate
resources to maximise the benefits from the product innovations of recent years
such as AGA Total Control, thereby allowing us to establish positions in
faster-growing markets where we can make use of the operational gearing
available within the business.

AGA sales to be up this year, particularly in international markets; a return
to profit at Fired Earth and success for a broadening offering from Rangemaster
are the key themes for 2013. Newly established commercial links, like that with
Vatti in China, the gas burner company, will add to the pace of improvement. In
our established markets we have the right products and structures in place and
we will benefit as confidence in the housing market returns."

Enquiries:

William McGrath / Shaun Smith, AGA Rangemaster Group plc - 01926 455 731
Simon Sporborg / Charlotte Winsley, Brunswick - 0207 404 5959


END

[smicker] 28/4/2013 19:42

Interview with the CEO in the FT today but nothing of note in it

[twiggy2] 16/4/2013 12:29

Managed to buy a few a little cheaper than the director.

[cockneyrebel] 12/4/2013 11:45

followed by a matching trade lol.

Looks like a cross then.

CR

[cockneyrebel] 12/4/2013 11:45

152k buy :-)

CR

[cockneyrebel] 12/4/2013 11:41

Another leg up here?

Up on solid buying today - directors buying recently at a price higher than today.

CR

[roddyb] 26/3/2013 17:21

I can see the UK consumer side of the business is daunting but we always forget these guys own brands in the US, really good brands. The oil fired stove with Aga on the front of it decreases in importance year by year.

Costs are under control, they are still profitable under the most extreme of circumstances.

I would like to think Aga are nicely placed for a USA recovery, accepting that Europe is 4 years away from recovery and the UK side is probably two years away.

Wouldn't it be nice if they could make a break-through in China?

[cockneyrebel] 21/3/2013 12:54

Next leg up after the recent director buying?

[smicker] 13/3/2013 12:19

Does anyone have any idea of a ball park figure for the cost of AGA following this option?

I would assume that there must be many companies which would jump at the chance to take AGA's pension assets off their hands and use them to generate returns well above the figures required to service the liabilities. I believe that this is the way Buffett has made much of his money.

[mr_bluesky] 12/3/2013 09:30

Mortimer: Thanks!

I think this will be a nice earner.....no fireworks and it wont be the most exiting share to be in but I believe that it will have good steady progress with the usual dips along the way.....I will stay in this one for the long haul.

92p is the next barrier to get through!

Mr Bluesky

[cockneyrebel] 11/3/2013 19:36

ta

CR

[richjp] 11/3/2013 19:21

AGA was also tipped by Moneyweek the week before last.

[cockneyrebel] 11/3/2013 17:51

Posted by Duncan Donut elsewhere:




British oven maker Aga eyes America as house prices recover.

It should come as no real surprise that Mary Berry, the star of The Great British Bake Off, is also the author of a cookbook for Aga owners



Aga follows growth recipe



AGA sales begin to warm up as profits rise despite store closures

[mortimer7] 11/3/2013 17:32

Mr_Bluesky - your post number 9 17th Jan looks spot on.
Thanks

[cockneyrebel] 11/3/2013 13:30

Breaking out nicely today - that 92p will get taken out on this momentum imo - that will be fun.

CR

[cockneyrebel] 11/3/2013 11:04

I'm long, nice breakout - agree re pension fund, same for many imo.

CR

[smicker] 09/3/2013 14:35

For balance, if there were no QE distorting bond yields, it is highly likely that there would now be a pension surplus. Also, the payment schedule is reviewed every three years, and has already been amended to be more helpful to the business.

There is tremendous opportunity here but it deserves to be in the speculative section of your portfolio

[duncan doughnut] 09/3/2013 11:55

I see the directors were loading up yesterday, buying shares in the company here is nice to see.

Several interesting articles in the press:-



British oven maker Aga eyes America as house prices recover.

It should come as no real surprise that Mary Berry, the star of The Great British Bake Off, is also the author of a cookbook for Aga owners



Aga follows growth recipe



AGA sales begin to warm up as profits rise despite store closures

[paulypilot] 08/3/2013 21:13

Hi,

I like the company, but the pension fund deficit is a HUGE issue, which is massively understated on the balance sheet - as often is the case, pension fund deficit accounting is highly misleading.

It's covered in my morning report today here, and the overpayment cash requirements in the next 8 years are considerably more than the entire market cap. So just want to flag it up for anyone not already aware of the massive extent of this problem:


Regards, Paul (no position)