Aggreko Share Discussion Threads

[felix99] 13/9/2003 09:29

Thanks - just read it over breakfast

[xerxesuk] 13/9/2003 08:50

Eddie4 - The Business Section of The Times (FTSE250 section) on p55 today says

Aggreko, which hires out temporary power equipment, gained 10½p at 166½p, its best level since June's profit warning, on revived talk it is close to securing lucrative contracts from coalition forces in Iraq.

[felix99] 13/9/2003 08:03

Want to know myself.

Left a daft limit order at 152.5 the other day ( price was 158+ ) as been wanting to get in for a while.

Got hit and got em at 151.75p!

Nice move but likewise I would like to know why???

[eddie4] 13/9/2003 00:51

at last some positive movement again. anyone know a reason?

[robkage] 03/9/2003 07:20

court2,

No i just hoped the recovery would take less time, i thought the blackout in the US last month would have strengthend the price considerably but this seems unfounded
I'm too impatient sometimes...:-)
Hopefully, the price will get stronger, I'll get back in sometime soon :-)

[court2] 02/9/2003 21:10

to robkage : any particular reason for selling today ?

[robkage] 02/9/2003 20:53

sold half my stock @ 158, slight profit....there is hope still i think, although long term seems the way to go.

[robkage] 02/9/2003 00:52

I guess the recovery will take much longer than i thought
£1mil that has gotta hurt

[court2] 01/9/2003 21:20

current position of this stock overly weak simply by virtue of market and market makers somewhat naive perception and lack of any real thorough examination and investigation.(complete over reaction to previous profits warnings). stock stands today worth more than £2 in any market and things can only get better . once this starts to creep the only way is up ! ps look at ceos statement in interview at 10.55am last wednesday only 4 hours after interims released , this guy wins the award for uturn of the decade !

[markth] 01/9/2003 13:05

LOL All these gloomy comments.....must be about time for me to top up again.....seriously though, the best gains are made by being contrarian in this market....IMHO, +50% for this stock in the next 18-24 months.

[ccnp] 30/8/2003 00:26

Did you read the Telegraph comment on our illustrious new CEO ?

When you go out to hire a new CEO in the market, do you not look for vision and drive ? For resourcefulness and energy ? For Leadership and intelligence ?

So what the @:+&(* is going on that this richly paid CEO not only employs BAIN to consult but says he HONESTLY has NO IDEA about the outcome! Bain for 6 months is going to cost no less than £1m in fees and 'expenses'. Then a lot more on 'implementation'. Bang go next years profits as well.

What level of incontinent, dribbling, intellectually inadeqaute fools hired such a lack lustre CEO ? Did they interview him and talk about his ideas ?

What I fear most is that he is not the best they could find. He is the best they could get.

[ccnp] 28/8/2003 20:14

London Tonight

AGK price tomorrow

[nashwan123] 28/8/2003 14:42

Oh Well after 4 years that's me out of AGK for a £10000 hit (ouch)! Off to top up on active company with a profitable product i.e NSB results out tomorrow.

Big lessons with AGK never believe a company's share price will stop falling and don't get sentimental about them. Good luck folks.

[markth] 27/8/2003 14:42

The price point has collapsed in the Electricity industry, which has led to a shortage in supply. In fact many large industrial customers are being shown contracts from their power suppliers which allow them to "brown out" or ration their supply in times of high demand (e.g. winter) in return for some cash payments. This suggests that there may be a spike in demand for temporary power, which should help Aggreko.

My opinion - if you are invested, you might like to stay in this one, because all the bad news is pretty much in the price and although it isn't cheap at this P/E it can't go much further down. The divi should be well covered and given the limited downside risk you are better off in here than in cash.

No argument from me that there are maybe better investments around but I know this stock very well and am still a buyer on the dips.

[ccnp] 27/8/2003 09:13

So its all on the finals. Bad initial reaction but at face value, these results are as expected. So the price should meander up over the next few months given the opportunities there are in the world today.

Look for the options notice.

[eddie4] 26/8/2003 10:52

i am holding on for the results i bought at 1.59 and as the piece in the times says people cant rely on the national network. not just in the us but here too. the seed of doubt has been sowed.

[nashwan123] 24/8/2003 14:20

The best I can hope for AGK is that they get taken out. No chance of getting back to my investment of £4.70. The perils of holding a falling knife! Anyway next news due this week and according to comment in today's Scotsman it sounds a mixed bag. You can pick the bones from the more upbeat Times piece too.

Probably time to bite the bullet and take my remaining pennys to another company. ANY SUGGESTIONS?


AGGREKO, the Glasgow-based temporary power supplier, will unveil a downbeat set of half year results on Wednesday.

The company received an unexpected boost earlier this month when the devastating power cut in north-east America caused an overnight surge in demand for its products. But that boost came too late too lift its interims. Fund manager Gerrard has pencilled in profits of £17m, against £25.6m last time.

Oversupply is putting pressure on Aggreko’s US market, although the company may have benefited from the recent hot weather in Europe and could announce some positive contract news.

or (TheTimes)

But analysts remain confident that the company has an underlying good business. Emma Ormond at Oriel Securities said Aggreko had suffered a rough time with the death in a car crash of former chief executive, Philip Harrower, and was well positioned to benefit from a cyclical upturn. The company saw its shares soar last week from the blackouts in America. Ormond said: “More and more people in the US want this sort of kit on standby as they can’t rely on the national network.” The shares have recovered more than 20% to 150p since June

[ccnp] 20/8/2003 22:21

Below is the trading statement issued just 2 months ago. 2 weeks later, Soames bought shares. US SNAFU will not affect these results. If he pulls a rabbit out of the bag now and the price shoots up, a number of regulatory people will be interested

Looking depresingly forward; the company comment on the US situation said 50-60mw, 'equivalent of a small power station'. Make that titchy, witchy, itsy, bitsy power station. And its coming from the US regional depots which AGK have spent months stripping out. What we need to hear was 'flying kit in to meet exceptional demand'.

It isn't this set of results we are interested in. Hopefully these will make things no worse.

I haven't looked rigorously (does anyone know the answer) but I dont think there have been any options graned recently. The last think they management team needs is a recovery until these are safely in place.

LONDON (AFX) - UK-based equipment rental firm Aggreko PLC saw its share
price fall 20 pct after it warned its 2003 profits would be 25 pct down on last
year.
The stock traded 34p lower at 132p by 3.45pm, making it the biggest faller
on the FTSE 250 list of companies. Aggreko set a 52-week high of 290p in June
2002.
The company expects underlying profits - that is stripping out the effects
of a weak dollar and comparisons with one-off business from the Salt Lake City
Olympics and soccer World Cup in 2002 - to be 15 pct below 2002.
Brokers took around 20 pct off their profit forecasts for 2003.
Before the trading update, according to estimates agency Multex, forecasts
for the year ending Dec 2003 centred on 51.7 mln stg, rising to 54.6 mln for
2004.
"The statement today is worse than I thought it would be, it has turned out
that not only is the US unkind but Holland as well," said Numis Securities
analyst Paul Jones.
Numis, which has a sell rating on the stock, slashed its 2003 profit
forceast by some 10 mln to 41 mln.
"A number of their markets are not showing good macro-economic conditions
and there remains a lot of excess capacity in North America," added Jones.
Aggreko said market conditions for its European business have become
challenging while the North American business remains difficult.
It said difficult trading conditions had continued in its French and German
markets during the first half year, and there was a sharp downturn in the Dutch
market in the second quarter.
The company has seen a major reduction in large power projects for
utilities, squeezing margins in Europe.
In North America continued difficult market conditions coupled with a
surplus of power equipment in the region, have led to further price erosion
which has resulted in reduced profits.
The company added it is hard to quantify the final outcome for the year
which depends on the key summer trading period, but market conditions in Europe
and North America are not expected to show any marked improvement.
On the upside, the group said its international business has seen continued
growth in the first half with sales enquiries at high levels.
The division has benefitted from equipment supply contracts in the rebuild
of post-war Iraq.
tf/kl

[vinceelliott] 20/8/2003 22:03

Try Friday 22/8/03

[eddie4] 20/8/2003 11:54

thanks in the telegraph it said today.
i was hoping for a bit of a run up to the results!

[peaeff] 20/8/2003 11:31

Wednesday 27th Aug

[cakie bread] 20/8/2003 11:24

Event Date

6 Months ending 30 June 2003

Results announced Late August 2003
Report posted Early September 2003
Ex-dividend date Late October 2003
Dividend record date Late October 2003
Dividend payment date Late November 2003

[eddie4] 20/8/2003 09:25

when are the results?

[1esk] 15/8/2003 23:38

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