Aggreko Share Discussion Threads

[peaeff] 14/9/2006 09:17

What a great set of figures I'm sure all of that wasn't tailored into the price. Onward and upward please. Good luck all who hold.

Nothing this time about aquisitions though which I was a bit disappointed about. Perhaps they're saving that for another RNS in the near future.

[peaeff] 13/9/2006 14:11

Reeshar

I can't believe at any cost that the results will be disappointing but let us remember we are only at halfway I have picked a couple of bits out of the last trading statement which I feel are significant.

"the Group has made significant progress compared with the first half of 2005."


"Outlook

Looking forward, the business is about to enter its peak summer season. The
trading performance during this period is always a key factor in determining the outcome for the year as a whole.

we now anticipate that the outcome for the year as a whole will be
ahead of our previous expectations."

That is a very positive statement and I have no doubt if we were coming up to year end results the price would have moved substantially. That is not to say that the market may well be surprised with tomorrows news. What has clouded the issue to a certain extent is the pull-back we had in the markets. I felt that some shares were grossly overdone, this being one of them, however it seems to have settled at the moment in the 265-285p range. I look forward to tomorrow to see what further they have to say particularly in respect of possible aquisitions, which they mentioned in 2005-2006 results.

When I sold out at 324p back in March, having expected the price to settle between 300-310p, I did so because I thought the price had gone as far as it could at that stage and I wanted to keep the momentum going on my ISA. That didn't work out too well, mainly due to the stock market adjustment although only a very insignificant loss, and I have returned to the fold with higher hopes of getting that momentum going again. I shall certainly be around until end of year results and probably beyond.

I am not a chartist, simply because I have never taken the opportunity to become familiar with it, so I will bow to your greater knowledge in that department but I am of the opinion that the price is at present WRONG so if that has any significace to your chart then it could be the answer as to why you are getting bad vibes.

I started investing in this company in 1999, I think, and have made 5 previous visits all of which have resulted in a significant profit, on one occasion having only held for 5 days. Their product now is without any shadow of a doubt far superior to those early days, their market place is far more global and the company is far better managed.

I may be biased but I cannot see any way but forward for AGK in the next 18-24months, and have set myself a target price of 370-380p which I believe to be attainable. Any add-ons in the meantime could have a slow-down effect but one must look to the substance to judge the long term effects of that.

To think that we are at present standing 50p+ lower than in March with the two main pieces of news we have had is beyond me. AIMHO

Regards PF.

[reeshar] 12/9/2006 19:53

Peaeff

I'm a relative newcomer to this stock and am finding the chart signals looking decidely bearish, so either you're right about the MMs, and they're pulling in extra stock or results are due to be disappointing. The fundamentals lead me to think it's the former so I'm holding out for the results. If the results are disappointing the price probably now reflects that anyway.

[peaeff] 04/9/2006 12:40

L2S

I agree and am of the opinion that the mm's are gathering as much stock as they can at present in order to fill their satchels around results time.

This is very similar to the situation when the shareprice got stuck around the 270p mark early-mid 2005 but once it broke out it quickly gathered momentum.

Looking forward to results.

Regards PF.

[like2share] 31/8/2006 16:30

The triangulation looks to be over, with increased volume and a close over 280p today. Todays move is another signal of its intention to breakout upwards IMHO. Results out 2 weeks from today.

[like2share] 24/8/2006 16:13

AGK - has been retracing however finally went long today on these after re-reading the Trading Update of 15th June (they mention that trading is very strong and results to be ahead of its expectations) and also the 'New Contract Wins' announced on the 26th July.

273.25 looked a good entry point and my novice charting suggests the triangle is nearing completion. Am expecting a continuation of the uptrend pattern / breakout upwards over the coming week(s). Could move rapidly in the lead up to results on the 14th September.

[peaeff] 18/8/2006 10:26

Hi all

Just bought back in at 278p. I have read just about everything I could get my hands on and I really can't understand, apart from stockmarket adjustment that was, how this share is as cheap as it is. When I sold at 324p back in March I think the general consensus was that the excellent progress the company had made would be somewhat hampered by the fact that a lot of it's income in 2004-2005 was down to very severe weather conditions in North America etc. However, to have had an update of the type issued recently and the contract wins they have just made I feel that 324p will be surpassed.

One thing I have always said about this company, (never yet lost money) is that the board of directors tend to underplay their hand and if they are issueing statements like that, at this stage in the year, then you can believe it, and I do. Rarely do they sound so bullish.

There is also the possibility that they will achieve their aim as stated in the annual report with regard to a suitable add-on, these things aren't usually mentioned unless there are targets in mind. This, of course, could slow the rise of the shareprice depending on the circumstances of any deal struck.

So I see nothing but upside from here and would not be surprised to see a marked improvement in the shareprice by Interims or an announcement soon re. an add-on.

Regards PF

[ccnp] 27/7/2006 14:16

not even hinting a a little insider trading are you ? I think you will find the LSE systems picked up the movement and the fact of an rns 24 hurs later. a few questiosn will doubtless be asked before the whole matter is glossed over on the old boy network. rather like the listing of exceedingly dodgy russian shares.

[peaeff] 26/7/2006 15:13

Hi all

Keeping a close watch on things and contemplating buying back in. However it's soul destroying when the price spikes one day and the NEXT you find out why.

So much for a level playing field.

[bonzo20] 17/6/2006 12:40

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Aggreko shares jump after bullish update

PAUL ROGERSON June 16 2006




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Shares in Aggreko, the Glasgow temporary power provider, climbed nearly 9% yesterday after the company issued a bullish pre-close performance update.
Trading in the first six months of 2006 was "very strong", the company said, continuing the momentum seen in the second half of 2005.
Aggreko said profits have grown strongly in its international power projects business, after a "relatively weak" first half in 2005, with the company benefiting from new and extended contracts.
Recent wins in Kenya and Yemen, together with investment in additional fleet, will underpin performance in the second half, it added.
Local businesses in the Middle East, Singapore and Australia have also seen "strong growth" in the first half.
The company's North American operations also expanded with growth coming from petro-chemical and oil refining sectors operating at capacity.
In Europe, meanwhile, the company said trading performance is on a par with last year. Continental Europe has performed "noticeably better" in the six months to June, but profits have been held back in northern Europe by higher implementation costs.
Last year, Aggreko's storm revenues were boosted by more than $20m by the impact of hurricanes Katrina and Rita. Although this is non-recurring income, the firm said recent contract wins in international power projects and the "positive momentum" of local businesses and Aggreko International led it to forecast "strong underlying performance" in the second half.
"The story remains a strong one. Aggreko was a net beneficiary of rising fuel prices over the 18 months before the global stockmarket downturn, and today's statement should show investors how firmly rooted the underlying business remains in the real world," said analysts at Bridgewell.
Investec's Geoff Allum, meanwhile, increased his pre-tax profit forecast for 2006 from £62.5m to £68m.
"The shares offer good medium-term value having fallen substantially recently," the analyst added.
Shares in Aggreko have outperformed the UK support services sector by 20% over the last year. Yesterday the stock closed up 21p at 266p.
In March, Aggreko announced a 32.8% rise in full-year pre-tax profit to £56.4m, compared with £42.5m last time, boosted by last year's US hurricanes, which wrought a trail of devastation along America's Gulf coast.
Shares in Aggreko, the Glasgow temporary power provider, climbed nearly 9% yesterday after the company issued a bullish pre-close performance update.
Trading in the first six months of 2006 was "very strong", the company said, continuing the momentum seen in the second half of 2005.
Aggreko said profits have grown strongly in its international power projects business, after a "relatively weak" first half in 2005, with the company benefiting from new and extended contracts.
Recent wins in Kenya and Yemen, together with investment in additional fleet, will underpin performance in the second half, it added.
Local businesses in the Middle East, Singapore and Australia have also seen "strong growth" in the first half.
The company's North American operations also expanded with growth coming from petro-chemical and oil refining sectors operating at capacity.
In Europe, meanwhile, the company said trading performance is on a par with last year. Continental Europe has performed "noticeably better" in the six months to June, but profits have been held back in northern Europe by higher implementation costs.
Last year, Aggreko's storm revenues were boosted by more than $20m by the impact of hurricanes Katrina and Rita. Although this is non-recurring income, the firm said recent contract wins in international power projects and the "positive momentum" of local businesses and Aggreko International led it to forecast "strong underlying performance" in the second half.
"The story remains a strong one. Aggreko was a net beneficiary of rising fuel prices over the 18 months before the global stockmarket downturn, and today's statement should show investors how firmly rooted the underlying business remains in the real world," said analysts at Bridgewell.
Investec's Geoff Allum, meanwhile, increased his pre-tax profit forecast for 2006 from £62.5m to £68m.
"The shares offer good medium-term value having fallen substantially recently," the analyst added.
Shares in Aggreko have outperformed the UK support services sector by 20% over the last year. Yesterday the stock closed up 21p at 266p.
In March, Aggreko announced a 32.8% rise in full-year pre-tax profit to £56.4m, compared with £42.5m last time, boosted by last year's US hurricanes, which wrought a trail of devastation along America's Gulf coast.
Shares in Aggreko, the Glasgow temporary power provider, climbed nearly 9% yesterday after the company issued a bullish pre-close performance update.
Trading in the first six months of 2006 was "very strong", the company said, continuing the momentum seen in the second half of 2005.
Aggreko said profits have grown strongly in its international power projects business, after a "relatively weak" first half in 2005, with the company benefiting from new and extended contracts.
Recent wins in Kenya and Yemen, together with investment in additional fleet, will underpin performance in the second half, it added.
Local businesses in the Middle East, Singapore and Australia have also seen "strong growth" in the first half.
The company's North American operations also expanded with growth coming from petro-chemical and oil refining sectors operating at capacity.
In Europe, meanwhile, the company said trading performance is on a par with last year. Continental Europe has performed "noticeably better" in the six months to June, but profits have been held back in northern Europe by higher implementation costs.
Last year, Aggreko's storm revenues were boosted by more than $20m by the impact of hurricanes Katrina and Rita. Although this is non-recurring income, the firm said recent contract wins in international power projects and the "positive momentum" of local businesses and Aggreko International led it to forecast "strong underlying performance" in the second half.
"The story remains a strong one. Aggreko was a net beneficiary of rising fuel prices over the 18 months before the global stockmarket downturn, and today's statement should show investors how firmly rooted the underlying business remains in the real world," said analysts at Bridgewell.
Investec's Geoff Allum, meanwhile, increased his pre-tax profit forecast for 2006 from £62.5m to £68m.
"The shares offer good medium-term value having fallen substantially recently," the analyst added.
Shares in Aggreko have outperformed the UK support services sector by 20% over the last year. Yesterday the stock closed up 21p at 266p.
In March, Aggreko announced a 32.8% rise in full-year pre-tax profit to £56.4m, compared with £42.5m last time, boosted by last year's US hurricanes, which wrought a trail of devastation along America's Gulf coast.
Shares in Aggreko, the Glasgow temporary power provider, climbed nearly 9% yesterday after the company issued a bullish pre-close performance update.
Trading in the first six months of 2006 was "very strong", the company said, continuing the momentum seen in the second half of 2005.
Aggreko said profits have grown strongly in its international power projects business, after a "relatively weak" first half in 2005, with the company benefiting from new and extended contracts.
Recent wins in Kenya and Yemen, together with investment in additional fleet, will underpin performance in the second half, it added.
Local businesses in the Middle East, Singapore and Australia have also seen "strong growth" in the first half.
The company's North American operations also expanded with growth coming from petro-chemical and oil refining sectors operating at capacity.
In Europe, meanwhile, the company said trading performance is on a par with last year. Continental Europe has performed "noticeably better" in the six months to June, but profits have been held back in northern Europe by higher implementation costs.
Last year, Aggreko's storm revenues were boosted by more than $20m by the impact of hurricanes Katrina and Rita. Although this is non-recurring income, the firm said recent contract wins in international power projects and the "positive momentum" of local businesses and Aggreko International led it to forecast "strong underlying performance" in the second half.
"The story remains a strong one. Aggreko was a net beneficiary of rising fuel prices over the 18 months before the global stockmarket downturn, and today's statement should show investors how firmly rooted the underlying business remains in the real world," said analysts at Bridgewell.
Investec's Geoff Allum, meanwhile, increased his pre-tax profit forecast for 2006 from £62.5m to £68m.
"The shares offer good medium-term value having fallen substantially recently," the analyst added.
Shares in Aggreko have outperformed the UK support services sector by 20% over the last year. Yesterday the stock closed up 21p at 266p.
In March, Aggreko announced a 32.8% rise in full-year pre-tax profit to £56.4m, compared with £42.5m last time, boosted by last year's US hurricanes, which wrought a trail of devastation along America's Gulf coast.

[bonzo20] 17/6/2006 12:39

Aggreko shares power upwards on news of 'very strong' period
JOHN BOWKER
DEPUTY CITY EDITOR
AGGREKO enjoyed a share price rise of 8.6 per cent yesterday after suggesting the market raise its expectations for the group after a scintillating first-half performance.

The Glasgow-based company - which provides temporary power generators in more than 80 countries - said the year so far had been "very strong" - particularly in the US and its international markets.

Chief executive Rupert Soames said: "Our expectations for the full year are higher than they were before. We have been very busy."

The US business - which under Soames was completely restructured three years ago - is benefiting from a surge in maintenance work on oil and gas refineries - partly as a result of the effects of last year's devastating hurricanes.

The company reported pre-tax profits up 32.8 per cent to £56.4 million in 2005, with about £5m of that coming from the hurricanes alone.

Soames said the group's international business - which includes projects in Uganda, Singapore and Australia - was growing "very very fast". The group recently unveiled contracts worth £31.5m in Yemen and Kenya - the latter to help combat drought.

Analysts at Bridgewell said in a statement: "The story remains a strong one. Aggreko was a beneficiary of rising fuel prices over the 18 months prior to the global stock market downturn, and it is now showing investors how firmly rooted the underlying business remains in the real world." The broker raised its 2006 forecasts by 9 per cent to £68m.

Aggreko said its European business - for some time its weakest link - was trading similarly to last year, although the south of the continent was doing "noticeably better".

Aggreko shares have outperformed the UK support services sector by 20 per cent over the past 12 months, and yesterday closed up 21p at 266p, valuing the group at about £660m.

This article:

Last updated: 15-Jun-06 00:09 BST

Comments

[bonzo20] 15/6/2006 12:55

Aggreko Plc Trading Update
RNS Number:6178E
Aggreko PLC
15 June 2006

Aggreko plc

TRADING UPDATE


Aggreko plc, the world leader in the supply of temporary power, temperature
control and oil-free compressed air services, is issuing the following trading
update prior to entering its close period in respect of the half-year ending
30th June 2006 and meeting with analysts. Interim results will be announced on
Thursday, 14th September 2006.

Trading Overview

As indicated in the Trading Statement at the time of our AGM, trading
performance in the first half has been very strong, and overall the Group has
made significant progress compared with the first half of 2005.

Aggreko International has continued the momentum seen in the second half of
2005, and there has been strong growth in both International Power Projects and
in the Local businesses in the Middle East, Singapore and Australia. In the
International Power Projects business, against a relatively weak first half last
year, profits have grown strongly as we benefit from contracts signed in 2005
and a large number of contract extensions. Recently-announced contract wins in
Kenya and Yemen, supported by substantial investment in additional fleet, will
underpin performance in the second half.

In North America, investment in new fleet as well as the strong performance of
our sales and service teams has produced significant base-business growth in the
first half, and we have seen continued margin expansion underlying the
scalability of our new business model. Much of this growth is coming from the
petro-chemical and oil refining sectors where many of our customers are
operating at capacity. The initial rollout of our new ERP system is now complete
in North America.

In Europe, trading performance in the first half will be similar to last year.
As described in the Trading Statement at the time of our AGM, Continental Europe
has performed noticeably better in the first half, while in Northern Europe,
although revenues have grown, profits have been held back, in part by high
levels of implementation costs related to our new ERP system, which went live in
the first quarter.

Outlook

Looking forward, the business is about to enter its peak summer season. The
trading performance during this period is always a key factor in determining the
outcome for the year as a whole.

In the second half of 2005 the Group's performance was boosted by $32m of storm
revenue in North America (largely related to Hurricanes Rita and Katrina) which
was more than three times higher than Aggreko's normal range of storm-related
revenues. In the current year, improved forward visibility in International
Power Projects as a consequence of recent contract wins, as well as the positive
momentum of the Local businesses in North America and Aggreko International,
lead us to expect a strong underlying performance in the second half.
Accordingly, we now anticipate that the outcome for the year as a whole will be
ahead of our previous expectations.


- ENDS -

[bonzo20] 15/6/2006 12:52

Aggreko, the supplier of temporary power, temperature control and oil-free compressed air services, said this morning its trading in the first half has been very strong compared with the same period last year.

The company said it has continued the momentum seen in the second half of 2005, and there has been strong growth in both international power projects and in local businesses in the Middle East, Singapore and Australia.

It said new contract wins in Kenya and Yemen will underpin the second-half performance.

In North America, investment in new fleet as well as strong performances from sales and service teams has produced significant growth in the first half, while margins continue to improve.

The company expects first-half trading in Europe to be similar to last year.

Aggreko said it is about to enter its peak summer season and expects a strong underlying performance in the second half.

'Accordingly, we now anticipate that the outcome for the year as a whole will be ahead of our previous expectations,' it said.

The interim results will be announced on September 14th.

[s50cam] 15/6/2006 07:15

Good Trading Update this morning

[edjgee] 10/4/2006 13:56

Comingoff a bit but guess this one will be a nice morsel to snap up and we live in an increasingly disastrous world. Human nature just helps that along!

[Abuse team] 23/3/2006 12:27

Post removed by ADVFN

[peaeff] 23/3/2006 12:25

decided to take some profits and 97p per share is good enough for me. May well be back at a later date. Good Luck to all
regards PF

[crispill] 10/3/2006 17:35

I am fairly confident for the future, now that the strategic review has put some proper systems and infrastructure back up in. The massive hurricane revenues may not be repeated but (sadly) there is always some disaster type work somewhere. I think a good base has been established for some M&A activity (something which has not been a feature of AGK's strategy for a long time).

Steady growth over the next six months would be my guess - the statement already hints that the first half has started well.

[bonzo20] 09/3/2006 13:49

Aggreko FY profit pushed 32.8 pct higher, powered by North American hurricanes
AFX


LONDON (AFX) - Aggreko PLC saw full year profits jump as the emergency power equipment supplier experienced strong demand in North America due to the hurricanes which hit the continent last year.

Revenues in North America alone surged 31 pct with trading profit up 58 pct as a result of the impact of Hurricanes Rita and Katrina. In Europe, the company sees 'early signs of recovery', with trading profit flat year on year, despite a 2.4 mln eur reorganisation.

Overall, revenues grew over 30 pct in North America, the Middle East, Asia, Africa, Spain and South America.

Pretax profit in the twelve months to December 31 came in at 56.4 mln stg against 42.5 mln a year earlier, the earnings per share was 13.81 pence against 10.83 while the full year dividend was 6.11 pence against 5.82.

Group revenues for the year came in at 417.7 mln stg against 323.6 mln.

The group said it is seeking bolt on acquisitions and sees further progress in the current financial year.

[peaeff] 04/3/2006 10:15

Mog

Thanks for that at least someone else is interested. Thank goodness it made a small recovery yesterday. I just found the drop to be in total contrast with the 'buy & sell' ratios. Added to that the absence of any RNS from institutional buyers either increasing or decreasing, and the large trades which occurred mainly 'after hours', I was confused as to where 20p had suddenly gone.

I look forward to the results next week and I was hoping that they may be just a tad on the higher side of your predictions.

Regards PF

[mog] 03/3/2006 11:45

There is indeed quite a bit of profit taking going on at the moment, PF I'm not sure the mm's can manipulate to this extent, possibly because results are coming on the 9th and the directors may repeat their comment about storm related revenue unlikely to be so high in the future. However I don't think this is significant.

Profits will be about £55m giving eps about 14p. They say that storm related revenues will be materially above 13m dollars, so if the exceptional revenues are 20m dollars this equates to about £2m profits or eps 0.5p, giving 13.5p without the storms.

This is still growth of 25% and if that continues (hopefully it will as they are only just finishing 2 years of restructuring) at 285p they are on a prospective p/e of 17 and yield over 2%, looks good value to me.

[peaeff] 02/3/2006 17:11

Just cannot for the life of me understand why the price has eroded (20p)over the past 3 days when the number of buys have dwarfed the sells. Huge numbers of shares are being bought "after hours" at a very cheap cost (probably institutions- RNS will confirm) therefore having no effect on the share price. The mm's have without a shadow of a doubt been trying to buy back this stock (by offering generous bid price) and have, so far, been successful. I just wonder why.

I rang the company today and spoke to a Mr. ALLEN and asked him to comment but the reply he made told me nothing I couldn't work out for myself other than the obvious one as to why the dip in share price.

Perhaps someone on this board could come up with an explanation.

Regards PF

PS When the figures are released (on 9th) I will be very interested to see what happens to the shareprice. If the news is good, I'll bet the shares will jump rapidly on no volume at all. (sorry got called away)

[peaeff] 13/2/2006 09:20

Yes I agree with you but it is very difficult to understand when there are generally 700 or more trades a day. I know not all investors use AFN and all that do may not wish to use the bulletin boards, but it is nice to have a other opinions even if they are not in line with your own thoughts.

This years performance I know has been exceptional due to a number of very unfortunate world events but it has come on top of a genuine, and so far successful, attempt by management to put the house in order, so to speak.

I wanted to invest again at the time of the Sunami but my funds were tied up. It then dawned on me that I had an ISA which, although in profit, had for some time been very stagnant. It is now very nicely in profit and, dependant on the figures and prospects next month I shall make a decision whether to move on or stay put.

These shares touched £3.12 on Friday last, before the FTSE250 took a hit, which to me suggests, once again, that there is still upside here. Maybe I will look carefully when it reaches £3.27 (plus £1)

regards PF

[vinceelliott] 12/2/2006 16:53

Peaeff

Divi may change in line with inflation, but certainly by no more than +5%.

Increas in profits is one thing but these can be used to pay down debt.

Hope you keep contributing, I have found it heavy going in the past (especially Weir) when no one else contributes.

I lose most times on this share. Recently Sold a batch bought for £3.5 some years ago. However, this will help keep me below CGT from the success of one other long term holding.