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

Bought back in today -


Tuesday tips round-up: Aggreko, Hunting, Fortune Oil,
Tue 18 Dec 2012

LONDON (SHARECAST) - There was a sense of déjà vu in yesterday’s profit warning and share price fall for temporary power group Aggreko. In late 2009, the company issued a similar alert that turned out to be an ideal buying opportunity for new investors in the shares and The Telegraph´s Questor team thinks yesterday’s events present a similar situation. Past performance is no guide to the future but yesterday’s 22 per cent share price fall, which wiped about 2bn pounds off the group’s stock market value, looks extreme.

Rupert Soames, Aggreko’s Chief Executive, told Questor yesterday that, although the long-term structural drivers of the business are there, investors in key emerging markets have become nervous about committing to large projects because of the economic uncertainty. This, however, is likely to be a short-term issue. Questor thinks the shares will trade sideways for some time and it will be towards the middle of next year before we get any insight into whether 2014 will see an improvement. However, Questor keeps a buy on medium-term prospects.

Looking like the sell off was over done, good buying this morning

Hope to make a few bob here, as I can see so do other investors. :-))

..

Aggreko execs show their faith with share purchases
Sharecast – 44 minutes ago.. .
LONDON (ShareCast) - Three executives from Aggreko (LSE: AGK.L - news) , the FTSE 100 (FTSE: ^FTSE - news) temporary power and temperature control group, showed their faith in the firm this week, topping up their interests a couple of days after it disappointed the market with a downbeat outlook for 2013.

Ken Hanna, Chairman, purchased 6,750 shares at 1,736p each on Thursday for £117,180, taking his interest to 20,188 shares.

Chief Executive Officer Rupert Soames and Chief Financial Officer Angus Cockburn also snapped up 1,470 and 1,400 shares, respectively, on the same day.

On Monday, Aggreko released its pre-close trading update for the current financial year, in which it maintained its full-year guidance of 13% growth in revenue.

However, the company said that after a strong year, its performance in 2013 would likely be lower.

"The economic environment we will be facing in 2013 is particularly uncertain in many of our markets and it is difficult at this stage to provide a definitive view of the likely pattern of trading in 2013," Aggreko said.

Aggreko (LON:AGK), the temporary electricity provider that helped power the London Olympics, stole the headlines this week after announcing that sales would fall next year. The Glasgow based company that provides power for major sporting events, the armed forces and after natural disasters issued a trading statement on 17th December.

Management confirmed that Aggreko will meet market expectations this year, with earnings per share rising by “at least” 15%. Next year, however, revenue is expected to fall by £100 million as the one-off benefit of the Olympics falls out of the results, more troops pull out of Afghanistan and the potential end of contracts to supply electricity in Japan following the tsunami come to an end.

The company is heavily reliant on its international power projects (IPP) division, which generates more than 40% of the group’s total revenue, although the rapid growth of emerging economies is experiencing some short-term weakness and likely to dent group profits.

Aggreko’s chief executive Rupert Soames, however, remains confident that the long-term structural drivers of the business remain and believes investors’ reluctance to commit to large projects in key emerging markets, due to the economic uncertainty,is likely to be a short-term issue.

Following the update, Aggreko still trades on a 2013 earnings multiple of 17.2x and is priced for growth after a major-event boosting 2012. Since growth is now expected to diminish next year, this was always likely to impact the shares. That said the company is a well-managed market leading company that used to trade on a mid-20’s multiple.

Demand for power globally is growing faster than supply. In India and many other emerging markets the aged infrastructure is struggling to cope, with new power stations being hard to finance since the credit crisis, so Aggreko’s business model remains well placed for future growth.







The above chart of Aggreko illustrates the recent weakness after losing over 30% since September. The shares, however, appear to have gained traction from the historically significant support level around 1640p and have begun moving higher. The oscillators have started to rise out of acutely oversold territory, suggesting a recovery could be imminent.

At the time of writing the share price is 1742p and I am keen to acquire these shares below 1694p with a tight stop-loss under the recent low at 1635p. Near term targets are seen at 1770p, 1844p and 2089p.



This report was written by Mark Allen – Head of Derivatives at Simple Investments Stockbrokers. The writer does not hold a position in Aggreko, but client accounts may. The material in this report has come from Simply Charts and Aggreko’s corporate website.

Jefferies has slashed its target price for temporary power and temperature control solutions group Aggreko by over a fifth from 2,535p to 2,000p following the group's pre-close update

Aggreko given a boost by Jefferies
9:58 am by Ian LyallThe fundamental story remains intact, says Jeffries, despite last month's setback.

Broker Jefferies remains a buyer of temporary generators group Aggreko (LON:AGK), which saw a quarter wiped from its value in the final quarter of 2012.

The main source of anguish was December’s profit warning, which has prompted a fairly chunky 18% downgrade to 2013 and 2014 Jefferies’ earnings forecasts.

This was also accompanied by a downgrade to the price target of the stock, which is pegged back to £20 from £25.35 previously.

However even the more conservative valuation gives plenty of scope for improvement, given Aggreko is currently changing hands for £17.65 (up 25 pence).

The company, it says, remains a “core holding” in the support services sector. “With confidence in our medium term investment case, we remain buyers,” said analyst Justin Jordan.

In an note to clients entitle Anguish, Fear and Opportunity, he added: “Despite short term weakness, global electricity demand is still projected to grow by 2.2% per year between 2010 and 2035 [according to the International Energy Agency], with more than 80% of the increase occurring in non-OECD countries growing by 4% per year.

“Hence, we view Aggreko’s muted recent order intake as a cyclical slowdown rather than indicative of a longer term structural change in global electricity demand trends.”

Sold my holding

LONDON (SHARECAST) - Aggreko: UBS cuts target price from 2350p to 2250p maintaining a buy rating.

Trading Statement

Trading

The Group expects to deliver results for the first half that are in line with our expectations. We anticipate that, on both an underlying and a reported basis, Group revenues in the first half will grow by around 5% and trading profits will be at similar levels to the prior year. "Underlying" excludes the impact of the London Olympics, the Poit Energia acquisition, pass-through fuel and currency movements.

On an underlying basis the Americas region is expected to grow revenues by around 11%, and EMEA by around 8%; APAC is expected to deliver revenues around 6% lower than last year, principally due to lower revenues from Japan and Indonesia.

Power Projects revenues are expected to be around 1% ahead of last year on both an underlying and reported basis. As anticipated, margins are likely to be lower than the prior year, in part due to mobilisation costs from the 220MW of gas plants we are commissioning in Mozambique and in the Côte d'Ivoire; the majority of these costs will arise in the second quarter. Order intake for the first half will be around 400MW which includes a summer peak-shaving contract in Tunisia of over 100MW as well as the previously-announced 122MW cross-border power project supplying power to Namibia and Mozambique; encouragingly, we have won two further contracts for our new HFO product.

The Local business is on track to deliver a strong first half, with revenues growing by around 9% on an underlying basis and 8% on a reported basis; margins are expected to be a little higher than last year.

Outlook

We expect the Local business to deliver a strong first half while trading in Power Projects remains subdued, albeit that the prospect pipeline has improved since the start of the year. In the second half, revenues in Power Projects are expected to be higher than in the first as our new gas contracts in Mozambique and Côte d'Ivoire come on line, and we expect that the Local business will continue to deliver growth. Overall, our expectations for the full year remain unchanged.


- ENDS -

Quite a downgrade :-

Credit Suisse Underperform 1,595.50 1,649.00 2,000.00 1,400.00 Downgrades

Thanks skinny,
I have been a holder of AGK since it was £2 odd a share.
Pity it's not back up the £23 level.
I don't believe the 1400p from Credit Suisse. Maybe they have clients that want to buy into it?!
TT

Ex-divi wed 21st May (75p)

TRADING UPDATE


In anticipation of the approval of our Bangladesh contract, given the ongoing security challenges in Yemen, and as a result of a further slowdown in our North American oil and gas related business, we now expect the 2015 interim and full year results to fall short of current market expectations.

In Power Projects, our 325MW of gas contract extensions in Bangladesh are entering the final stages of approval, with our expectation being that 180MW will be secured into the first half of 2016 and the remaining 145MW for three years. The trading terms secured for these extensions, which would retrospectively apply from the second quarter 2015, are likely to be less favourable than our earlier expectations. While we will be seeking to mitigate the profit impact by reducing operating costs, there will be a net adverse impact on profits this year and in 2016.

The ongoing security challenges in Yemen have impacted our ability to operate at full capacity and we remain concerned about the impact for the remainder of the year.

In addition, at the time of our trading update in May 2015 we said that we had started to see a decline in volumes and pricing in our shale oil business and that the full year impact of a lower oil price on our business remained unclear. Since then we have seen a further slowdown in North America with volumes in the shale basins continuing to decline. More recently, we have begun to see an impact on our offshore oil and gas business in the Gulf of Mexico.

As a result of these trading issues, we now expect our full year profit before tax to be between £250 million and £270 million at current exchange rates1, which have moved adversely in recent months.

On 6 August 2015 the Group will announce Interim Results for the half year to 30 June 2015 and Chris Weston, CEO, will outline the Group's business priorities together with the actions being taking to position the Group for future growth.

"..Some analysts have said the withdrawal may also hit Aggreko's 2016 earnings. The company had already warned in August that markets were likely to remain difficult next year, after a profit warning in July.
For the 2012 Olympic Games in London, Aggreko's power deal was worth nearly $60 million, although the Rio 2016 contract was expected to be worth less as it is smaller in scope.
"It won't impact earnings expectations but it does support our view that Aggreko has lost some of its sparkle in recent years," said Stifel analyst Caroline de Soujeole, who has a "sell" rating on the stock.
Aggreko shares, down 37 percent so far this year, were up 0.7 percent at 907 pence by 0805 GMT..."

(today's Daily Mail online)

One to put on Watchlist

08:40 13/11/2017
Broker Forecast - Jefferies International issues a broker note on Aggreko PLC
Jefferies International today upgrades its investment rating on Aggreko PLC (LON:AGK) to buy (from hold) and raised its price target to 1250p (from 850p). Story provided by