Aggreko Share Discussion Threads

[peaeff] 18/6/2009 09:47

scburbs

H2 with this company is always in the balance, but nature has provided for the past few years despite previous rumblings of doom and gloom made by those allegedly in the know.

"It's an ill wind that blows no good" except in the case of AGK. LOL

Regards

[scburbs] 17/6/2009 08:16

"Uganda Watchdog Warns Of Pwr Shortage Without New Deal-Paper
KAMPALA, Uganda (Dow Jones)--Uganda's energy watchdog has urged the government to negotiate an extension of its contract with power supplier Aggreko PLC (AGK.LN) before it expires at the end of this month to avoid a power shortage, Uganda's New Vision Newspaper reports Wednesday.

"It is logical to negotiate for an extension of the Kiira contract; otherwise we shall have a big power shortage," the daily quoted Frank Sebbowa, the chief executive of the state-run Energy Regulatory Board as saying.

The ending of the 50 megawatt power supply deal with U.K.-headquartered Aggreko could plunge the country into a deficit of up to 114MW and increase power rationing, the paper said.

Uganda is already facing a deficit of more than 60MW and a number of power projects, including the 250MW Bujagali hydropower station, are not expected to come on stream until next year.

-By Nicholas Bariyo, contributing to Dow Jones Newswires; [phone]; [e-mail]

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

June 17, 2009 03:10 ET (07:10 GMT)"

[kbass] 23/4/2009 09:00

Taken profit now, might pop back later.

[queeny2] 20/4/2009 14:15

I'm interested. Like it. Agree IMS no advance over finals statement, but was only a few weeks later.

[scburbs] 16/4/2009 15:29

Not much interest in AGK these days. IMS seems to indicate what we already knew, excellent H1, poor H2.

[kbass] 01/4/2009 11:16

In with a teaspoonful at 482.

[peaeff] 06/3/2009 09:48

I may well be back a lot sooner than I thought if the current trend continues.
I wonder why the sudden plunge.

[peaeff] 06/3/2009 08:45

I will be back, as I have been for the last 8 years. I just feel that in the present climate any profit is worth snaffling when offered.

[bountyhunter] 05/3/2009 16:23

cheers PF that makes 4 of us ;)
...personally I'm holding on for longer term

[peaeff] 05/3/2009 15:51

Bounty

I'm in your camp had a great 2 days with RPS and AGK, in and out, with profit, equivalent to present day rates, of 1% on £280,000 for a year. and all in less than a week.

I know there's much more risk but to me it's a no brainer.

Regards PF

[lucky_lady] 05/3/2009 09:03

Great share but I am out for a £700 profit. In these markets you have to take a profit when you get one. Knowing this market It will probably be back down to year lows next week.

[bountyhunter] 05/3/2009 08:31

here's a third! :-)
...what a pleasant change from the market in general

[deckergj] 05/3/2009 08:27

scburbs, I thought for one moment that I was the only one enjoying these figs

deck

[scburbs] 05/3/2009 07:55

Excellent results as expected. Here are the key outlook bits. As expected H1 is looking very strong and H2 is looking very weak as the forecast falls in H2 are eliminating the constant currency growth in H1. Overall forecasts are being saved by FX gains.

In summary, excellent results, excellent H1 in prospect, but the company is starting to acknowledge that H2 onwards is looking uncertain and many areas may weaken. Overall 2009 is likely to progress, but probably due to FX gains.

"It is always difficult at this early stage to come to a definitive view of the likely outcome of the year, and never more so than in the current economic environment. We have made a very strong start to 2009 and expect to make good progress on both a headline and constant-currency basis in the first half of 2009. The outlook for the second half is less certain and will depend on how the macro-economic environment develops over the coming months. Comparatives will also be tough in the second half, as we had the benefit in 2008 of both exceptionally high storm revenues in North America and the Beijing Olympics. Our current judgement is that, on a constant-currency basis, trading in 2009 should be at similar levels to 2008. Given that over 70% of our earnings are in US Dollars, if we achieve this trading performance, and if the Sterling : US Dollar rate stays at today's level for the rest of the year, reported results would show substantial growth over 2008."

Looking at the individual businesses

"Given the economic backdrop we believe that 2009 could be a tough year for our
North American business and the comparatives in the second half will be
particularly difficult, given the strong storm revenues in 2008. However, the
business has got off to a good start, and in the first two months of the year
has been trading well ahead of the prior year. In part, this is due to work
caused by storms in 2008 carrying through into 2009, but we have also enjoyed
strong revenue from our events business, with the Presidential Inauguration in
January and the Super Bowl in February."

"In 2009 the region is likely to be adversely affected by the deteriorating
macro-economic environment, and it will also lose about GBP1.8 million of
contribution from the Oil-Free Air business, the disposal of which was announced in December 2008. In the first two months of 2009, the region is trading at similar levels to last year, helped by storms in France and Spain in late January, for which we mobilised over 800 generators. In the Middle East, trading is currently ahead of last year; demand in some areas, notably Dubai, is sharply down, but others are still showing good growth."

"These businesses represent an important part of our long-term strategy, and we will continue to invest in them to build our distribution and brand.
Importantly, they provide an infrastructure for, and share expertise and fleet
with, our International Power Projects business. Oil, gas, shipping and mining
together form a large proportion of Aggreko International's Local business and
we expect to see some reduction in these sectors in 2009."

"Our International Power Projects business started 2009 with 19,000
megawatt-months of committed capacity, equivalent to about 12 months revenue at the current run-rate. At the year end, the International Power Projects fleet, at over 2,600 MW, was 36% larger than the previous year-end and the business had 40% more megawatts on rent than at the start of 2008. Encouragingly, the level of enquiries remains strong; in the period November 2008 - January 2009 we quoted for Power Projects in 40 countries for an aggregate generating capacity significantly higher than in the comparable period in the prior year. We expect, however, that the rate of growth in this business will start to attenuate, if only because of our reduced rate of fleet investment. As always, we are carefully managing the key risks in this business; the current economic circumstances will heighten these risks, and in particularly those related to payment and customer behaviour."

[deckergj] 05/3/2009 07:55

Some very good figs. imv, especialy in todays uncertain markets, well done all at AGK. May the share price continue it's +ive response.

deck

[scburbs] 19/2/2009 10:26

AGK just about holding within its range. Set to bounce around for a bit longer before deciding which way to go? Trend looks slightly more toward the bottom end of the range to me, but not really a chartist.

[deckergj] 18/2/2009 17:11

I had forgotten all about this, good news, i think it's more £'s now in the bank now. Clears up the India project ??




RNS Number : 5306N
Office of Fair Trading
18 February 2009

?


Merger Clearance:


The OFT has decided, on the information currently available to it, not to refer
the following merger to the Competition Commission under the provisions of the
Enterprise Act 2002:


The anticipated acquisition by Atlas Copco Kolfor Limited of the air compressor
rental business of Aggreko plc


The text of this decision will be placed on the Office of Fair Trading's web
site at www.oft.gov.uk as soon as is reasonably practicable.






This information is provided by RNS
The company news service from the London Stock Exchange
END

[scburbs] 17/2/2009 15:05

Starting to break out of its range?

[scburbs] 06/2/2009 18:03

Hi Deckergj,

Yes I certainly do. However, I also think that if a downtrend can be formed then the chart will be looking negative! At the moment it seems to be indecisively range bound between c.380p and 500p. A break either way could occur, but it is not clear how you would tell (in advance) from the chart which break is most likely.

However, I am no chartist so if someone can post an analysis on why from a TA perspective an upwards break is more likely than a downwards one I would find that very interesting.

[deckergj] 06/2/2009 17:54

scrubs, don't you?, at least we held 400 today,

ATB

deck

[scburbs] 05/2/2009 16:45

deckergj,

LOL! So if I understand you correctly you are saying that if a uptrend can be formed then the chart will be looking positive?

[deckergj] 05/2/2009 16:39

and on a more +ve note , looking forward to closing the gap around 457

deck