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Share Name | Share Symbol | Market | Stock Type |
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Apr Energy | APR | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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174.00 |
Top Posts |
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Posted at 05/10/2015 13:03 by scrutable The Libyan assets have been rescued. The company is good at what it does, and there are power shortages throughout the world, particularly the 3rd world. APR is still getting new orders as it was all last year - to whit in September alone 35MW to Botswana and 38MW to Senegal. By next Summer a trickle of new sales and expansions will have replaced the 450MW from Libya so there is no reason why cash flow would not have returned to 2013/14 levels and enterprise value to the peak of Summer 2014, with the share price as it was then of 400p and cap of £425m.The offer approach today is opportunist and the buyer may expect the company to sell out under duress ie for far below fair value. It's going to be interesting but all holders will have doubled their money today on paper with more on the table if they now hold their nerve. I for one will regret a simple takeover. I have only recently become a holder on the basis that recovery would be a no brainer - provided the bank wants to keep a good client. However they don't often value what they have got and are great with a saw on the branch they are sitting on. |
Posted at 05/10/2015 11:30 by alchemy30 Surely an bidder takes advantage of this ?Valuation/Risks We value APR on a tangible net book value basis given material uncertainties over its ability to continue as a going concern. Given recent impairments and the audit qualification we apply a 40% discount to the PPE carrying value which drives a 70p price target and unchanged Underperform recommendation. In reality we are now at a crossroads where the outcome is contingent on banking support, without it our downside scenario price target of 0p is likely, with it the stock could move towards the upside scenario of 200p. |
Posted at 30/9/2015 15:28 by younasm The main downside I see is that of customers depend on oil revenues to pay APR. Some payments may get delayed. They also operate in difficult security environments. |
Posted at 30/9/2015 14:46 by scrutable thanks younasm for your DJ news release.It didn't emerge till 08.1 0n LSE. One learns. Unless APR get a big fat order in the next 30 days the previous downside will I suppose reassert itself. Nonetheless I like this share. There is a a continuous though slowing, aggregation of turnover from new and expanding contracts. It's only a matter of a few months before the ex Libyan capacity is fully taken up in other countries. There should be no serious long term effects. As orders keep coming in profitability should return to 2013 levels . At £16.68m in the P & L for that year the share price was £11.50. Even earlier this year a partial recovery of hope in Libya brought the price back up again to £4. There is a probable x4 bagger here within a year, and the plausibility of a x15 bagger further ahead. We don't get Microsofts and Apples from globally disruptive innovation in this country. With the exception of ASOS the quickest multibaggers seem to have come from recoveries. This is in the same league. They can in the next 12 months double their turnover without spending capital and thus of course halve their fixed overhead on incremental business. They still need some luck in October but the odds are attractive. |
Posted at 30/9/2015 10:40 by younasm Plus500APR Energy PLC APR Energy Banking UpdateSource: UK Regulatory (RNS & others)TIDMAPRRNS Number : 6994AAPR Energy PLC30 September 201530 September 2015APR Energy Banking UpdateAPR Energy (LSE: APR) or ("The Company"), a global leader in fast-track power solutions, today announces that it has received an extension from its banks for its next financial covenant testing date from September 30 to October 31 while the Company continues discussions with its banks regarding future financial covenant compliance obligations under its banking facility, as previously announced."We appreciate our lenders' willingness to continue to engage in constructive discussions regarding our future capital structure," said Laurence Anderson, Chief Executive Officer.EndsEnquirie |
Posted at 30/9/2015 10:22 by younasm Not much of an update. Hopefully Apr can announce another couple of deals in October |
Posted at 19/8/2015 15:20 by dodge meister Is the Botswana contract different from the one released 27May 2015?hxxp://www.aprenergy |
Posted at 02/7/2015 08:42 by h2owater Numis Securities Ltd Upgrades Apr Energy PLC to “Buy” (APR)Posted by Jim Brewer on Jul 1st, 2015 // No Comments Share on StockTwits Apr Energy PLC logoApr Energy PLC (LON:APR) was upgraded by equities research analysts at Numis Securities Ltd to a “buy” rating in a research note issued to investors on Wednesday, Analyst Ratings.Net reports. The firm currently has a GBX 425 ($6.67) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 269.57% from the stock’s previous close. A number of other analysts have also recently weighed in on APR. Analysts at Jefferies Group raised their price target on shares of Apr Energy PLC from GBX 270 ($4.24) to GBX 290 ($4.55) and gave the company an “underperform& Finally, analysts at Investec reiterated a “hold” rating and set a GBX 330 ($5.18) price target on shares of Apr Energy PLC in a research note on Tuesday, March 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Apr Energy PLC has an average rating of “Hold” and a consensus price target of GBX 309.14 ($4.85). Apr Energy PLC (LON:APR) opened at 115.00 on Wednesday. Apr Energy PLC has a 52-week low of GBX 92.25 and a 52-week high of GBX 653.00. The stock’s 50-day moving average is GBX 304.91 and its 200-day moving average is GBX 296.65. APR Energy PLC, formerly Horizon Acquisition Company plc, offers temporary power solutions on a fast-track basis to utility and industrial customers worldwide. The Company’s fleet of deployable turnkey power plants can be utilized for applications, including supplemental base-load capacity, disaster relief, seasonal peak shaving, or unscheduled outages. The average duration of its contracts is between 12 and 18 months. During a contract it provides turnkey suites of logistics, engineering, installation, operational and maintenance services. APR has a diverse fleet of both reciprocating diesel and natural gas generators, as well as advanced mobile dual-fuel turbine units. Its solutions include distributed generation, peak shaving, and grid stability and support. In June 13, 2011, the Company through its subsidiary, APR Energy Holding Limited acquired APR Energy Cayman Limited and membership interests of Falconbridge Services, LLC. |
Posted at 23/6/2015 12:24 by m.t.glass APR Energy plc stock takes another plungeMonday, June 22, 10:37 AM EDT By Mark Basch, Contributing Writer www.jaxdailyrecord.c APR Energy plc’s stock plunged again last week after the Jacksonville-based company said, again, that earnings will be “significantly below market expectations.” This follows a sharp drop in late 2014 after the company warned that last year’s results would be below expectations because of a pullout from its operations in Libya. APR provides interim power plants around the world, including some risky situations like Libya. After writing off its operations in Libya because of turmoil there, APR reported an operating loss of $702.5 million last year. In a statement last week, APR said one reason for its lower expectations for 2015 earnings is “demobilizatio The company, which didn’t give any numbers for its projections, also said earnings are being impacted by unfavorable foreign exchange rates, a situation that is affecting all U.S. companies that do business overseas. However, the biggest issue is “delayed negotiations and long lead times associated with projects the company is pursuing,” APR said. “The company’s guidance at the beginning of the year was predicated on an expectation that contracts being pursued would have a financial impact by the fourth quarter of 2015. While those opportunities still exist, and the market for interim power solutions remains strong — particularly in Asia Pacific and Africa — customer decisions about deals in the pipeline have been pushed out until later in the year,” it said. APR said it is in compliance with covenants of its bank loans but delays in revenue could cause it to miss certain covenants later in the year. Jefferies analyst Will Kirkness said in a research note last week that there is a “realistic possibility” that APR could breach its loan covenants by the fourth quarter. “The company will now have to renegotiate with the banks (again), absorbing further management time,” said Kirkness, who has an “underperform& Kirkness also expressed concern about a second announcement made by APR Tuesday that Chief Operating Officer Brian Rich is resigning for “personal reasons.” Rich joined the company in 2012 and was promoted to COO in May 2014. “We are concerned that disruption in the business development team at this key point will be unhelpful, especially as no replacement has yet been announced,” Kirkness said. Although APR is headquartered in Jacksonville, its shares trade on the London Stock Exchange. The stock dropped 89.25 pence to 259.25p (which is $4.11 as of Monday morning) Tuesday after the announcements, a 25.6 percent fall. The stock continued to drop in the days after the announcement and fell as low as 181.51p on Thursday. The shares had traded above 1000p at the beginning of 2014 |
Posted at 16/6/2015 12:20 by m.t.glass FT joins the negative reportage:Covenants possibly breached, profits definitely lower, chief operations officer on the way out for "personal reasons". A busy morning for APR, the supplier of temporary generators. APR energy has said it may be unable to meet the financial covenants dictated by its banking facility, as it announces a profit warning amidst crippling delays in revenue, writes Joel Lewin. The FTSE 250 company said customers have pushed back decisions about deals in the pipeline, and consequently delays in revenue threaten its ability to meet its covenants. It said: there is a realistic possibility that the anticipated delay in revenue may result in an inability of the Company to meet the financial covenant calculations under its banking facility on future quarter-end testing dates It added that it: will engage with its lenders at an appropriate time if the Company determines that seeking a modification of its financial covenants is advisable The warning over the potential breach of covenants comes as the company issues a profit warning as a tough year takes an even harder turn. The company's share price has fallen 48 per cent during the last 12 months, hit particularly hard by the suspension of its Libyan operations which caused it to tumble 17 per cent. Once again it is Libya that is crimping profits - this time demobilisation costs have been higher than expected "despite the significant progress made to date in extracting the majority of assets". In addition, the power generator renter has been knocked by unfavourable exchange rates, primarily in Indonesia and Australia. APR said customers have pushed back decisions about deals in the pipeline until later in the year, leading to yet another dent in revenue. The company said its chief operations officer, Brian Rich, "has decided to step down from his role for personal reasons". |
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