Aggreko Share Discussion Threads

[bountyhunter] 09/9/2007 11:13

made a few more changes now,
click on 5day or intra-day chart (lower left) for quote page

[bountyhunter] 09/9/2007 10:25

morning Peaeff, I'm optomistic also for pretty much the same reasons
...just tidied up the header in preparation for results day :)

[peaeff] 09/9/2007 10:13

Well Interims this week and I am looking forward to them with enthusiasm. Once again I am of the opinion that they will surprise and will be looked upon very favourably by the markets.

I have for the past few weeks been amazed at the hammering this share has received which, no doubt, is due to the situation with the US economy.

If I were to speculate on a specific reason for that, because as I have said before this company is now truly international in it's outlook, it would be a paragraph from last years results as follows....

"We are carefully monitoring economic conditions in North America, where we are
getting mixed signals from the various economic indicators we follow. On an
underlying basis, the business is still growing, albeit at a slower rate than in
2006. While the business is highly seasonal, and makes a high proportion of its
profits in the summer months, at this stage we believe that we will make
progress during 2007."

The hurricane season is in full swing and has already been far more severe than last year, so let us hope that AGK are once again picking up the pieces and a nice few quid to boot.

I really cannot envisage anything but good news on Thursday and barring any unforseen events this coming week, (9/11 repercussions), I wish all holders well for a lucky 13th.

Regards PF

[peaeff] 03/9/2007 21:45

Doncaster Sat 15th

[bountyhunter] 03/9/2007 17:54

sooner the better ;)
I think that's St Ledgers Day or must be close

[peaeff] 03/9/2007 17:19

Thursday 13th unlucky for some. Probably those who are not in at current prices.

[bountyhunter] 03/9/2007 16:41

Results due mid September 2007

[bountyhunter] 30/8/2007 18:25

Evening from Tenerife; looking stronger for AGK today, heading back to £6+ imho if the general market holds up. Not too long until St. Ledger Day now!

[peaeff] 23/8/2007 09:18

BH

good addition.

Regards

[bountyhunter] 23/8/2007 07:50

I agree Peaeff. I'm more than happy to continue to hold here especially after reading that, ...and I'm looking forwards to the Olympics of course!
Btw I've added a link to the companies financial calendar in the header.

[peaeff] 22/8/2007 22:14

Excellent article and fully outlines why the board are so positive about the immediate future.

I don't agree that AGK have been totally reliant on disasters and adverse weather, last year's was a very low hurricane season. I am of the opinion that AGK has now become a truly international company and, if equipment is in such short supply, will be seeking add-ons as a priority. Perhaps we could even see them being a target for a larger predateor.

Regards.

[bountyhunter] 22/8/2007 18:53

Mideast Economy, Climate Ignite Aggreko Generator Sales, Stock

By Sean Cronin

Aug. 16 (Bloomberg) -- Business is heating up for Aggreko Plc in the Middle East.

The Glasgow-based company controls 25 percent of the $3 billion global power-rental market and as temperatures in the Persian Gulf top 120 degrees, it's shipping units as fast as it can to meet demand from air conditioners.

Aggreko, whose value has doubled to 1.39 billion pounds ($2.76 billion) in a year, has 1,000 of its largest generators in Dubai alone, enough to power 500,000 homes. Booming Middle Eastern economies also are straining electrical grids and boosting demand for the Scottish company's portable generators.

Higher sales in the region will make Aggreko less dependent on unpredictable events such as hurricanes and may boost pretax profit 50 percent to 110 million pounds this year, according to the average of 11 analyst estimates compiled by Bloomberg. Aggreko's earnings have risen each reporting period since the first half of 2004, when they were hurt by a decline in sales to its traditional clientele of European and U.S. builders and industrial companies.

``The outlook over the next couple of years is very good, with growth coming from areas that are booming but don't have the power infrastructure to support that expansion,'' said Stuart Fraser at Brewin Dolphin in London, which manages about $47 billion, including 4 percent of Aggreko stock. ``Aggreko used to be sensitive to construction downturns but is less so now.''

Aggreko, whose generators helped pump floodwater from New Orleans after Hurricane Katrina, has advanced 18 percent so far this year to 514.5 pence and may rise a further 28 percent to 660 pence, according to London-based UBS AG analyst Alex Hugh.

...continued

[bountyhunter] 18/8/2007 17:10

I'm holding onto a sb here having closed a few elsewhere due to the recent market turmoil - this one is rolling and I intend to keep it open until we see a recovery - I'm looking for £6 before I close (although I maintain the majority of my investments as bought and paid for).

[jodi17qad] 18/8/2007 15:18

Whilst with the benefit of hindsight, it would have been prudent and profitable to have sold out at or near 600p, as a modest holder I have no real fears for this share.

In April, at the AGM, the board said that profits would be ahead of market expectations then and in June said that there had been no significant change of outlook.

According to August REFS, the normalised pretax profit will be £111m against £80.3m and the projected PEG is 1.01 with eps growth of 42.8% and dividend cover of 3.7 times.

With the floods, the prospect of hurricanes in the US, the Olympics in China and then here, I would have thought that the future was bright.

If I had the funds, I would regard this as a buying opportunity.

I suspect that the share price has taken a hammering because it is quite a liquid share (NMS 15,000).

[peaeff] 16/8/2007 08:17

B4

how original, as I said it was a comment not a complaint. I have been trading AGK shares since 1999, never short, have never failed to make a profit yet and, am currently sitting on a paper profit. I was not talking from my pocket, it is my opinion that the current market position is both overplayed and to an extent orchestrated. If a situation exists, such as at present with credit markets, it doesn't go away one day and come back the next and, it isn't PI's that control the markets, however well versed we may now be.

If you have something to say, like an opinion of your own, then post it. It is very simple to sit making glib, and pompous, remarks about other peoples opinions. There will be, no doubt a great number of investors worried at the present time about the situation, not only direct shareholders but any who are also connected to the stockmarket via funds etc.

The current performance of this share (AGK) is unusual and extreme but, I have no doubt that it will emerge from all of this and go on to new highs. Does that sound as though the heat is getting to me. I think not.

Rehards PF

[barcelona4] 15/8/2007 17:08

I reckon if all you lot (paeff et al) don't like the heat,get out of the kitchen!

[bluebelle] 15/8/2007 14:33

sirhokko

I am not using stops in these markets because they are so volatile. I personally think that there are one of two short term strategies to adopt at the moment.
1. Stay out
2. Trade open positions, keeping enough cash to support margin calls if necessary where your 'mental' stop is at least 10% below your worst case scenario, and closing positions at a profit as soon as you hit your target, but, as ever, each to his own !!!

[sirhokko] 15/8/2007 14:23

Well something funny has gone on in the last half hour. The spread has widened and swung significantly in a matter of minutes. It was over 30p at one point. Very peculiar. Bad news if you had even a loose trailing stop.

[bluebelle] 15/8/2007 14:12

Oh do get up off your knees.

I have no particular ability to read markets : I simply trade what I see. The reason a share is worth 482 one minute and 523 the next is quite simple. It's the price which a buyer is prepared to buy at and a seller prepared to sell at and clearly the perceptions of each camp changed in the intervening period.

I don't buy this 'poor PI' business. PIs have more info available to us than ever before, we've just got to use it sensibly.

If you believe it will be £6 soon, buy it ! Dead simple. But don't bleat if it drops to £4 or £3 or whatever : the decision is yours. No one forces these poor PIs to buy, to sell or to be in the market at all.

For my part, I have a significant (for me) holding in my SIPP (this is a share where putting it away for 5 years might be a sensible strategy, although forgetting about them seldom is) and several long SB positions currently expiring March . My decision. If it works it works. If it doesn't, ain't nobody's business but mine : certainly nothing to do with MMs !!!

[peaeff] 15/8/2007 13:56

Bluebelle

I bow to your greater ability to read the markets, I too would like to get it right all of the time because I am not one to put shares into a drawer and forget them for 5 years

However, I am not complaining just making a statement and perhaps an over- simplified observation, for instance, how can a share be worth 482p at 8am and on no known news be worth 523p at 1.40pm.

Or why is Aggreko going up today when everything else is going down. Could it be a case of oversold yesterday or in the past or simply now cheap.

I firmly believe this share is worth £6 and will be back there quite soon, but there's nothing to stop one speculating on the way back.

OE

The share price has merely reacted to what the company has achieved and as yet there has been nothing said, or indicated, to suggest that the present rate of success is not maintainable, in fact just the opposite is true and they keep beating forecasts. The last aquisition seems to have been a master stroke because it effectively put GE out of the running for the olympics contract and, on the strength of the last update, appears to be totally fully utilised.

Regards PF

PS results Thursday 13th September. You see they're not even superstitious.

[offshore eye] 15/8/2007 12:54

Can someone remond me when results will be announced?

[bountyhunter] 15/8/2007 12:17

The National Oceanic and Atmospheric Administration predicts up to nine hurricanes will develop by Nov. 30, the official end of hurricane season.

[offshore eye] 15/8/2007 11:42

Getting a well needed kicking revaluation. Dont get me wrong I like AGK but the shares have been steep over 500 for too long. Good opportunities to catch bargains below 500 in my opinion in October.

[geovest] 15/8/2007 10:01

It's just noise and quite common with AGK because of the relative low trade volumes. Can create interesting buy or sell opportunities for the patient PI.