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APR Apr Energy

174.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Apr Energy LSE:APR London Ordinary Share GB00B58D4C52 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 174.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 174.00 GBX

Apr Energy (APR) Latest News

Real-Time news about Apr Energy (London Stock Exchange): 0 recent articles

Apr Energy (APR) Discussions and Chat

Apr Energy Forums and Chat

Date Time Title Posts
26/10/201509:32*** APR Energy ***746
22/7/201416:06Suspect Accounting?1
24/2/200316:12APR for gains or more pain?7
14/8/200218:34Too good to be true ??????20

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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 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.EndsEnquiries:APR Energy plc Lee Munro (investors) + 1 904 404 4576 Manisha Patel (investors) + 1 904 517 5135 Alan Chapple (media) + 1 904 223 2277 CNC Communications Nick Bastin +44 (0) 20 3219 8814 / +44 (0) 7931 500 066 Michael Kinirons +44 (0) 20 3219 8803 / +44 (0) 7827 925 090 About APR EnergyAPR Energy is the world's leading provider of fast-track mobile turbine power. Our fast, flexible and full-service power solutions provide customers with rapid access to reliable electricity when and where they need it, for as long as they need it. Combining state-of-the-art, fuel-efficient technology with industry-leading expertise, our scalable turnkey plants help run cities, countries and industries around the world, in both developed and developing markets. For more information, visit the Company's website at www.aprenergy.com.Certain statements included in this announcement constitute, or may constitute, forward-looking statements. Any statement in this announcement that is not a statement of historical fact (including, without limitation, statements regarding the Company's future expectations, operations, financial performance, financial condition and business) is or may be a forward-looking statement. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected or implied in any forward-looking statement. These risks and uncertainties include, among other factors, changing economic, financial, business or other market conditions. Although any such forward-looking statements reflect knowledge and information available at the date of this announcement, reliance should not be placed on them. Without limitation to the foregoing, nothing in this announcement should be construed as a profit forecast.This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCEAXNEDSESEEF(END) Dow Jones NewswiresSeptember 30, 2015 03:51 ET (07:51 GMT)
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” rating in a research note on Monday, June 15th. Analysts at Morgan Stanley reiterated an “equal weight” rating and set a GBX 330 ($5.18) price target on shares of Apr Energy PLC in a research note on Friday, June 5th. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Apr Energy PLC in a research note on Thursday, May 28th. Analysts at Citigroup Inc. downgraded shares of Apr Energy PLC to a “sell” rating and raised their price target for the stock from GBX 200 ($3.14) to GBX 300 ($4.71) in a research note on Thursday, March 19th.

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 plunge


Monday, June 22, 10:37 AM EDT

By Mark Basch, Contributing Writer
www.jaxdailyrecord.com
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 “demobilization costs in Libya that have been higher than expected despite the significant progress made to date in extracting the majority of assets.”

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” rating on APR’s stock.

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".
Posted at 06/2/2015 09:40 by younasm
APR share price looks healthy but we need to see the next 12 months results to work out if these are good value.

I am staying out until June, by which time more will known about Libya and full year results at the end of March might provide more info..
Posted at 23/1/2015 09:17 by m.t.glass
Good luck to all who are buying in on the basis of APR's asset value and in anticipation of a sharp bounce on any good news from Libya. Libyan government ratification of APR's contract extension could prompt a very sudden spike upwards in its share price.

But latest news on the overall situation in Libya remains grim and understandably affects the share price of all listed companies operating there, deterring many investors:



In the event that the Libyan situation is not resolved in APR's favour, there must be doubts about how the company would ship its generators elsewhere - with so much disruption of ports and airports - and the risk of equipment being seized by fighters. About a fifth of APR's fleet is in Libya. The country is desparately short of electricity, and APR's equipment is something that various factions might relish control of.
Posted at 21/10/2014 12:03 by philanderer
Not holding but on the watchlist...


Morgan Stanley downgrades this morning.

BE
Potential Bull scenario: APR Energy's shares have already fallen
significantly suggesting trading concerns could be in the share price and
the current market value is supported by its a 2015e NAV of c. 500p per
share (unadjusted for any potential fleet loss in Libya). In addition, the
fluid situation in Libya is preventing any progress on the construction of
permanent power plants. This could lead to further contract extensions.

BE
Potential Bear scenario: There have been multiple reasons for the fall in
share price (a number of downgrades, a change in depreciation policy,
deferring fleet payments, etc). In addition, there is increasing risk over its
contracts in Libya; management has indicated that it could look to exit
Libya, which could prove complicated (demobilising or selling the fleet
carries significant risk), and recent litigation over the contract adds further
uncertainty. Adjusting for its Libyan fleet implies a c. 400p NAV per share.

BE
Downgrade to Equal-weight: Our 2014 revenue and EBITDA estimates
are c.40% and c.50% exposed to Libya. With no visibility on whether APR
Energy can extend these contracts in Q1 2015 and a lack of transparency
on the financial outcome in the event it chooses to exit, we see a wide
risk/reward range of outcomes. Our 525p PT (down from 600p) is
weighted 50% to our base case 600p, 25% to our bull case 700p and 25%
to our bear case 195p. The stock's risk profile no longer merits an OW
recommendation; downgrade to EW.

BE
Exiting Libya could be difficult: APR recently indicated that, if the
situation did not improve in Libya, it would seek to demobilise or sell the
assets to GECOL. Either route carries significant risk; Libya could be
reluctant to see an exit of a significant proportion of grid capacity, and
APR's bargaining position in a sale could be weak. In addition, an exit or
end of the contract would lead to significantly lower 2015e EBITDA and
could raise investor concerns over potential proximity to its 3.25x
ND/EBITDA covenant.

BE
A return of stability could mean an end to the contract: A 640MW
permanent power plant in Southern Libya set for completion by end-2014
has been delayed by the unstable situation. If stability returns, and the
plant is completed, APR's contracts could potentially be terminated.


FT Alphaville
Posted at 24/1/2013 20:03 by pjhutchy
It's valued reasonably and they have quite a lot of debt and the sector and aggreko seem depressed so apr share price seems to be struggling hard one to call I think if it goes to 600 it will look more attractive. Can move fast though and could well rise quickly. To much risk for me at these levells. I put a small spread bet on first thing this morning and closed out in the afternoon for a small loss. Market doesnt seem convinced
Apr Energy share price data is direct from the London Stock Exchange

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