Andrews Sykes Share Discussion Threads

[cwa1] 29/9/2016 07:44

Yes, not much to not like there. Positive outlook as well and that the ASY board are "cautiously optimistic" is almost the same as some other companies saying things are going gangbusters :-)

[keithfox] 29/9/2016 07:40

Just out of interest they are doing this without much help from the weather. Last winter was mild and not as wet as previous winters. I haven't since any snow for 4 years here and hardly any frost. Spring and early summer were quite cool too. However, there have been some hot spells since July and Europe has been pretty warm too, so any help from the weather will be noticed in the second half not the first. With such a strong first half without much help from the weather, the full year results are already looking good, and that's without some early winter cold weather. I would think their 'cautiously optimistic' is pretty cautious.

[quepassa] 29/9/2016 07:26

Very encouraging half-year figures and a buoyant outlook.

Pretty strong trading all round.

Half-year divi of 11.9p maintained.

The current yield of approx. 7.2% looks very attractive and moreover very well covered.

Who knows but there is clearly room to hike the divi going forward.

Good figures.

Well done ASY! Keep up the good work.

ALL IMO. DYOR.
QP

[keithfox] 29/9/2016 07:16

£4 here we come.

[jeff h] 26/9/2016 15:22

Excellent new story on the blog:-



"The pumps we supplied are expected to remain on hire for approximately three years, such is the scale of this development."

[ignoble] 16/9/2016 09:55

Now that is "out of the box" thinking ! Like it ...lol

[keithfox] 16/9/2016 09:46

Electricity prices have been soaring on the market, partly because of high demand due to aircon use. Quite a few power stations are offline for maintenance because demand is usually lower at this time of year (no heating and no aircon) but they have been taken off guard with this. It must be doing ASY some good.

[quepassa] 16/9/2016 05:55

Thanks.

QP

[ignoble] 15/9/2016 22:01

Would think it may help the European side too .

Stock performs well at the moment , imho ...

[quepassa] 15/9/2016 16:34

I hope that the big heat wave of the last few days meant good news for the refrigeration/aircon side of the business.

QP

[keithfox] 26/8/2016 16:40

But at a guess I'd say any increase in annual profits would be just a few 100's of thousands of pounds at best surely? Most of the profits are made in UK.

[quepassa] 26/8/2016 14:33

Useful.

-Thank you.

QP

[thorpematt] 26/8/2016 14:02

Yes, it will benefit.

ASY does not hedge currency. Operational costs and revenue fluctuations with respect to currency tend to proportional because in country expenses and in country revenues are transacted in the same currency.

But any earnings repatriated will see a currency gain.

Foreign operations which have loans in sterling will see a small increase in costs. But loans are small and the interest rate is at 1.1% so these really are negligible whereas earnings repatriation is much larger.

All IMO DYOR and all that.

[quepassa] 26/8/2016 09:00

With its many overseas depots/branches, any views please if ASY will benefit significantly from the big recent devaluation of the pound?

ALL IMO. DYOR.
QP

[blueliner] 25/8/2016 18:00

That August weather forecast produced by Mr Scholey is looking right on the money....

blueliner 2 Aug '16 - 21:38 - 1639 of 1646
'Warmer than average August seems likely' etc

[keithfox] 25/8/2016 16:12

The good thing about this hot spell (in the south mostly, I know) is that the continent is sizzling. Paris 37C, Amsterdam 33C etc.

[thorpematt] 17/8/2016 20:37

Everything is cool.

[quepassa] 15/8/2016 15:01

Hi,

how is business for aircon and refrigeration going please?

thanks,

Cheers.

QP

[jeff h] 11/8/2016 11:43

Kit expansion:-



"UK: Andrews Sykes Group has invested more than £250,000 in an expansion of its UK hire fleet.

This month’s investment is said to have been necessary to enable Andrews to keep pace with the growing number of planned and emergency calls it receives from clients looking to temporarily bolster their cooling or heating requirements.
The investment has enabled Andrews to increase its number of 15kW, 30kW and 60kW air handlers and fan coil units.
All air handlers and fan coil units have been developed to an Andrews Sykes specification to meet the most demanding of applications but of a compact size that allows them to pass through narrow halls and doorways."

....so sounds as though trading is pretty decent or better.

[keithfox] 10/8/2016 06:31

After the last 2 sets of results this price is a truer reflection imo. No doubt everyone's heard the forecasts of another heatwave. Temps should reach 32C in places by Tuesday but possibly getting fresher later in the week. Some summers struggle to see 22/23C, so although we haven't had prolonged hot spells we've had a few decent ones and Europe has been pretty warm too.

[ignoble] 04/8/2016 21:56

Interesting move ...

[blueliner] 02/8/2016 21:38

For info:

Local weather forecaster comments with his August 2016 LRF

'Warmer than average August seems likely' something to do with the phases of the solar cycle and 19 year lunar node matches.

'there is every suggestion that August 2016 could be warm'. But mixed at times and humid as well.

[keithfox] 02/8/2016 19:15

For heatwave please read heat-ripple.

[ignoble] 01/8/2016 19:27

Tks for that !
Appreciated