Aggreko Share Discussion Threads

[neutralpov] 18/8/2021 12:58

Just received my money, cleared minutes ago.
For some reason, I'd recorded this as 880p per share.
It was a nasty shock to get £11,478.70 less than anticipated. :>(
Still, including the May divvy, a happy short-term investment for me. More luck than judgement.

[betman] 12/7/2021 09:25

Thanks nodice Looks like no counter bidder I am surprised share price isnt closer to 880p Unfortunately premium isnt worth buying more with stamp duty costs, spread and commission

[bookbroker] 09/7/2021 09:34

New buyer must be wondering whether a prudent purchase made, I doubt much need for generators in Tokyo failing another earthquake.

[no dice] 08/7/2021 06:43

RNS this morning - cheques should be landing on doormats on, or shortly before, 24 August.

[betman] 05/7/2021 15:48

Does anyone know where we are in the takeover process ? PLC website doesnt seem to have a timetable with dates only a generic D+2 etc

[ali47fish] 14/6/2021 16:16

when is the taskeove r here will be effected?

[no dice] 05/5/2021 09:13

Liontrust say takeover undervalues AGK by £300m:

That's about 114p per share.

[no dice] 26/4/2021 18:42

Yes. From the RNS:

"(A) the resolution to approve the Scheme was passed by the requisite majority of Scheme Shareholders at the Court Meeting; and

(B) the Special Resolution to implement the Scheme, including the amendment of Aggreko's articles of association, was passed by the requisite majority of Aggreko Shareholders at the General Meeting."

[ali47fish] 26/4/2021 16:45

so even though liontrust said they will vote against the scheme it seems to have gone through- is this correct?

[ali47fish] 19/4/2021 15:57

what happend today price was over offe rprice-then heavily down to 872?

[cyfalafwr] 20/3/2021 13:05

Sold out a couple of weeks ago for what I paid for them in Nov 2019 i.e. 815p . Got one small dividend out of them .Not prepared to wait as I needed the cash for another investment. GL to all holders I hope you get a counter bid.

[richie32] 05/3/2021 13:25

Sold, so now what?

[no dice] 04/3/2021 17:40

Second bidder possibly entering the ring:

[trickyricky] 04/3/2021 15:56

Sold half my holding in case bid doesn't materialise

[no dice] 04/3/2021 15:13

Counter-bid in the offing? The ceiling for the share price should be 880p until the XD date and from then 870p,

[betman] 02/3/2021 10:36

I believe the deadline for a confirmed bid is the 5th March so we should definitely hear something this week

[packman8] 27/2/2021 16:54

Results out on Monday, should have an update then.

[ccnp] 08/2/2021 16:57

It WAS a world leader. The competition caught up both in technology and commercial practise (where they 'overtook' AGK

The mooted price included any dividend

[trickyricky] 08/2/2021 15:08

Why is the current share price not trading closer to the proposed 880p ?

[manouk2] 08/2/2021 14:52

I am not enamoured with the suggested take-out price. AGGK is a world wide leader n its field. There is a significant US competitor, but this company does not have the worldwide coverage enjoyed by AGGK.
AGGK has been held back in recent years by difficult trading in third world countries from which it has found pproblems in collecting debts from customers. Also devaluations in those countries have undermined contractual profitability.
It seems to have largely dealt with these issues, but has since been hampered by the drop in oil prices which has affected demand for its products especially from frackers, and the uncertainty created by Covid on sporting events and music festivals.
Nevertheless, if there is to be a bid for the leader in its field, then a greater premium should be paid.

[ccnp] 06/2/2021 13:12

£23 was when it had no competition. Now it has competition aplenty. Used to make its money of powering the Olympics etc but has been shut out of contracts for many years by the approach of its foreign competitors to ..... shall we say 'oiling the wheels of commerce'. Where such activity is neither illegal nor frowned upon. Its a simple fact of life.

[lochgarman] 06/2/2021 11:54

vince...yes fingers crossed for a bidding war. Totally undervalued at the bid offer.

[vinceelliott] 06/2/2021 09:24

This has been a 'local' favourite of mine for some years.

Generally takes a big hit when it fails to win one of the summer or winter games contracts. With covid throwing doubt on the latest summer games this has taken the expected big hit in the last twelve months.

South American contracts have plagued this share in more recent years dragging the share down from £16. Look further back and you will see a peak of around £23.

This is a good 'value' play. There should be other outside interest over the next few weeks. Do not see it coming from the other local' favourite WEIR but AHT should be running an eye over this.

[trickyricky] 05/2/2021 22:17

Cheers! Only a small holding in my SIPP, but every little helps