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News Headlines:   U.S: News that durable goods orders and consumer confidence rose while new home sales declined by less than had been expected did not inspire the DOW in early trading. Buyers entered the market in late trading looking for bargains after the early sell off. UK's biggest shares are expected to bounce back from a two-week following the late recovery on Wall Street.Queens Moat Houses: Jack Petchey, hotel entrepreneur increased his stake in QMH to 25 percent -- raising the prospect of an all-out bid, Financial Times reported. Aggreko power generator equipment rental company reported a 33% drop in first-half profits at the top of market forecasts, and said trading remained in line with its expectations. For the half year profits fell to 17.2 million pounds from 25.6 million a year earlier againts analysts forecasts ranged from 16.8 million to 17.1 million pounds. Unforttunately the company saw no real improvement in the near future. Wilson Bowden housebuilder reported a 19% rise in interim profits that beat forecasts and said it expected further profit growth thanks to the UK's robust housing market. Profits for the 6 months rose to 91.4 million pounds from 76.6 million a year earlier. Analysts had forecast profits between 82-87 million pounds, with a consensus at 85 million. Bodycote International metallurgical engineering firm reported a 17% fall in first-half profits in line with market forecasts, and said it did not expect an immediate improvement in its economic environment. The firm posted profits of 17.7 million pounds against market expectations between 16.5 to19.8 million. Hammerson commercial property firm posted first-half profits up 7.6% to 43.7 million pounds and said it saw a gradual stabilisation in the central London office market. Adjusted NAV per share, a key performance gauge for property companies, rose 3.6 % to 779 pence in the six months ended June 30. Johnston Press regional newspaper publisher beat expectations with a 51% leap in first-half profit and said it expected modest advertising revenue growth. The firm said profits for the six months to end-June were 66.7 million pounds with analysts expecting 61 to 63 million pounds. Calendar All GMT United Kingdom (F)inals (I)nterim United States (Click Flag) Europe & World Wed 27th Aug         Ex Dividend Aggreko (I) PBT 17m exp. Hammerson (I) PBT 42.6m exp. Johnston Press (I) PBT 119m exp. Bell Group (I), Bodycote International (I), Domestic & General (F), James Fisher (I), Wilson Bowden (I)   Hannover Rkversicherung Q2 hiel Logistik H1 WCM Q2 Blacks Leisure (4.7), Bradford & Bingley (5.5), Chrysalis Group (spec. cash - 5), Dominick Hunter (4), Exel (7.9), Jarvis (8.5), Kelda (18.19), Reliance Security (11.95), SMG (2.5), Securicor (0.78), Singer & Friedlander (9), TBI (1.6), T Clarke (spec. cash - 10), T Clarke (8), TDG (5.25) Ultra Electronics (4.1), Wembley (6.5) Good Trading!   David@FTSEDOW.com    www.FTSEDOW.com            Pivot Calculator

Panmure Gordon has a buy and 600p target for Aggreko 12/12/2008

Citigroup has a buy and 780p target for Aggreko 15/12/2008

present SP 445p so well undervalued according to the City Boys.

Edging up nicely today.

Still very cheap IMHO.

Yesterdays broker BUY recommendation...

Aggreko PLC

FORECASTS 2008 2009

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Oriel Securities
15-12-08 BUY 188.40 46.90 10.20 198.70 49.50 11.00

Aggreko looks like it could do well out of the Nuclear fallout in Japan. The chart is showing a positive Technical divergence. Highly speculative in this market. DYOR

TA.




FUNDIES... Although not cheap I think that their might be a short term trade on here.

Aggreko PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
14-03-11 HOLD 300.00 79.50 20.80 318.00 84.40 22.90
Numis Securities Ltd
11-03-11 HOLD 307.00 81.00 337.80 88.50
Peel Hunt
11-03-11 HOLD 303.97 81.48 20.80 332.49 91.21 22.90
Seymour Pierce
11-03-11 BUY 310.90 81.60
Arden Partners
10-03-11 NEUT 307.00 80.20 21.00 320.00 83.60 23.00
Investec Securities
02-03-11 BUY 310.56 80.97 21.10 339.71 88.56 23.21
Charles Stanley [A]
08-02-11 HOLD
The Royal Bank of Scotland NV [A]
25-01-11 BUY 295.00 75.56 14.50
Canaccord Genuity Ltd
06-01-11 HOLD 305.90 80.20 357.60 93.80
Fyshe Horton Finney Ltd [A]
24-05-10 SELL
Collins Stewart [A]
04-03-10 HOLD 70.00 80.90

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 306.45 80.75 20.80 333.21 88.16 22.90
1 Month Change -5.08 0.75 1.02 1.02 1.97 1.74
3 Month Change -1.82 1.73 0.21 5.47 4.18 0.18

Notes to forecasts
(25 Aug 10) A flag refers to outlook


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS 32.48% 3.55% 9.18%
DPS 38.78% 40.73% 10.10%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA m 497.79m 534.73m
EBIT m 319.54m 355.28m
Dividend Yield 0.97% 1.37% 1.50%
Dividend Cover 5.28x 3.88x 3.85x
PER 19.53x 18.86x 17.28x
PEG 0.60f 5.31f 1.88f
Net Asset Value PS p p p

LAST FORWARD STATEMENT. 10/03/2011

Aggreko plc, the world leader in the supply of temporary power and temperature control, announces its results for the twelve months to 31 December 2010.

Outlook for 2011

The current instability in some countries in the Middle East and Africa makes the task of predicting the outcome for the year more than normally difficult; our global scale and diversification of risk exposures will be helpful as we manage through this period of uncertainty. We currently anticipate that for the year as a whole trading profit in 2011 will be at a similar level to 2010. Allowing for currency movements and the 87 million of major events revenue in 2010 which will not recur in 2011, this would represent underlying growth of around 15%. We expect both International Power Projects and our Local businesses to deliver good growth on an underlying basis in 2011, and to support this, fleet capital investment is expected to increase by 26% to a record 320 million.



In International Power Projects, the business will benefit from the strong order-intake seen in 2010, and the order book is now some 60% higher than the prior year as a consequence of signing several large multi-year contracts. The off-hire rate has fallen sharply in recent months, and the business started the year with nearly 14% more capacity on rent than at the beginning of 2010; as a consequence we expect the business to deliver strong growth in 2011.



Amongst the Local businesses, we are expecting all of our businesses to deliver underlying growth. In North America, we expect the recovery seen in the second half of 2010 to continue into 2011. In Europe and the Middle East, we also expect to see growth in 2011, albeit at more modest levels than North America. In Aggreko International's Local business, we are continuing our programme of geographic expansion, and expect to open several new service centres during the year; we expect this business to deliver strong underlying revenue growth in 2011.

DYOR