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

"..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