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

Questor share tip: White knight Aggreko is the go-to company for world events

http://www.telegraph.co.uk/finance/markets/questor/8381244/Questor-share-tip-White-knight-Aggreko-is-the-go-to-company-for-world-events.html

PRO TAer Zak Mir just commentated on AGK..........

Zak Mir



Reged: 28/06/07
Posts: 1653
Re: Aggreko(AGK) [
#477291 - 15/03/11 08:16 AM Edit Reply Quote



It is interesting that until the Japan disaster struck AGK shares appeared to be topping out. But at least while above the top of March's chart gap at 1,482p a retest of the best levels through 1,700p could be possible if the general stock market sell off is not too severe

(LON:AGK) - a temporary power generation #ADVFN $AGK http://t.co/Blbl6FZ http://t.co/Blbl6FZ

Broker SP Targets For AGK (present SP 1520), looks to be some serious upside.....................

Date Broker name New Price Old price target New price target Broker change

10-Mar-11 Seymour Pierce Buy 1,390.00p 1,775.00p - Reiteration
10-Mar-11 AlphaValue Add 1,390.00p 1,539.10p 1,532.20p Upgrade
08-Mar-11 AlphaValue Reduce 1,515.00p - - DownGrade
04-Mar-11 Arden Partners Neutral 1,484.00p - - Reiteration
25-Feb-11 RBC Capital Markets Outperform 1,425.00p 1,520.00p 1,585.00p Upgrade
03-Feb-11 Bank of America Buy 1,497.00p 1,700.00p 1,900.00p Upgrade
02-Feb-11 Arden Partners Neutral 1,427.00p - - Reiteration
26-Jan-11 Goldman Sachs Buy 1,485.00p - 2,002.00p New Coverage
11-Jan-11 Arden Partners Neutral 1,509.00p - -

Analyst Comment by Charles Wilson at Goldman Sachs

Keeping eyes on the troubled region, Goldman Sachs analyst Charles Wilson thinks that Aggreko ( LON:AGK ) a temporary power generation and temperature control business , has no exposure to Libya, Tunisia and Egypt and just a small exposure to Yemen, where there have been no disruptions at its sites thus far. more
Keeping eyes on the troubled region, Goldman Sachs analyst Charles Wilson thinks that Aggreko ( LON:AGK ) a temporary power generation and temperature control business , has no exposure to Libya, Tunisia and Egypt and just a small exposure to Yemen, where there have been no disruptions at its sites thus far. . Wilson is expecting this week's results , due on Thursday 10 March , to confirm a rebound in on hire rates in International Power Projects ( IPP) and continued cyclical growth in the Local business.' He rates Aggreko as a buy' with an unchanged 20.11 a share target which implies more 35 percent upside to the current levels

From across road..

FT Article

Aggrekos tax move benefits founding family
By Alistair Gray

Published: March 10 2011 20:13 | Last updated: March 10 2011 20:13

One of Britains richest families is set to be the biggest beneficiary of a tax-busting plan by Aggreko, the temporary power company, to return 150m ($241m) of capital to shareholders with the prospect of more to come during coming months.

Rather than a buy-back or special dividend, the Glasgow-based company has opted for a tax-efficient B share scheme, which will allow its private UK shareholders to take the return as a capital gain instead of income.

EDITORS CHOICE
GDF Suez launches first euro century bond - Mar-09.US companies yield to environmental push - Mar-07.Duke Energy seeks fresh merger prospects - Mar-06.Aggreko set to power London Olympic Games - Dec-20..The largest shareholder is the Salvesen family, which founded the Christian Salvesen logistics business from which Aggreko demerged in 1997 and whose stake of about 20 per cent is worth 760m.

In the latest sign that companies are returning ever-larger piles of cash, Aggreko said it would make the move after annual pre-tax profits rose by a quarter to 304.4m while net debt fell by the same proportion to 132m during the year.

Rupert Soames, chief executive and brother of Conservative MP Nicholas Soames, said the board had not been under any pressure from anybody to do this. But the fact is that we can.

He added: Its jam today and theres probably some more jam tomorrow and enough jam left over to keep a hungry business fed.

Aggrekos deal to power the football World Cup in South Africa helped the company lift sales from 1.02bn to 1.23bn in the year to December 31.

A proposed final dividend of 12.35p gives a total for the year of 18.9p (12.6p), payable from diluted earnings per share of 78.98p (62.42p
.

Aggreko, the sixth best performing FTSE 100 stock so far this year, raised its full-year profits guidance for the full-year after a strong performance in the third quarter, and it has a history of doing better than the market expects. The downside to that reputation is that an update in which it merely trades in lien with expectation could see the stock severely punished.

..Questor share tip: Aggreko powering forward but at a price
Aggreko has become a British success story after being demerged from logistics company Salvesen Group in 1997 and floated on the London Stock Exchange

Aggreko £21.77 +50p Questor says Hold

The Glasgow-based company is now the leading supplier of temporary power and heating in the world and has established itself in the FTSE 100 (Euronext: VFTSE.NX - news) .

Aggreko, which is led by Rupert Soames, Sir Winston Churchill’s grandson, is providing generating capacity to the Olympics in London this summer, and also provided power for the inauguration of President Obama, the football World Cup in South Africa, and the Glastonbury music festival.

The company’s latest contract highlights the next area of opportunity for Aggreko developing economies.

Aggreko announced yesterday that it is to build a power station for South Africa and Mozambique with its joint venture partner Shanduka Group, an investment company.

This is part of the company’s international power projects business, which designs and manufactures power plants from its factory in Dumbarton, Scotland.

The contract shows how Aggreko is benefiting from increased demand for energy in emerging markets that are structurally short of power.

The deal to supply Eskom, the South African utilities group, and Electricidade de Moçambique is thought to be the first project by a private company to provide cross-border power in the region.

The power plant is scheduled to be up and running by the third quarter of this year and will supply power until July 2014, demonstrating the speed at which Aggreko can work.

The contract is worth $250m (£162m) and involves Aggreko building gas interconnections, a major substation, and almost a mile of new cabling. The power station will be fuelled by the Temane gas fields in Mozambique

Mr Soames said the contract is “very important” to Aggreko and could be “a pathfinder for other countries seeking to make the most of their resources to optimise the supply of power across the region”.

However, for investors to enjoy the benefits of this potential source of growth, the market is demanding a high price to buy Aggreko shares.

The company is valued at 20 times 2012 estimated earnings and 18 times 2013 earnings.

The dividend yield is also tight at 1.1pc for this year.

Aggreko shares have risen by more than 400pc since February 2009 and the company is clearly highly rated. However, Questor believes the shares are a hold rather than a buy because of the expense and relatively low dividend yield in what is an uncertain global economy.

The shares were tipped at £15.23 on March 15 last year. They are 41pc ahead of that compared with a FTSE 100 down 7pc.

Nonetheless, the shares have stuttered in recent weeks amid the growing economic gloom around the world.

Since Questor last covered Aggreko at £23.15 in March and at £21.93 in April, the shares have lost ground. Therefore, there could be better opportunities to invest in Aggreko’s bright prospects within the next few months.

Hold.

..

http://www.moneyam.com/action/news/showArticle?id=4389049

Half Yearly Report


Highlights:


· Strong performance in the first half; reported revenue and trading profit increased by 15% and 25% respectively; underlying revenue and trading profit up by 16% and 23% respectively. Earnings per share up 30%.



· Both International Power Projects and the Local business grew trading profits by over 20%.



· International Power Projects underlying revenue grew 17% and trading profit by 22%

o 669 MW of new work won: 196 MW in Asia, 116 MW in Latin America; and 357 MW in Africa & Middle East

o Record order book up 16% on prior year; 14 months' revenue at current run rate

o Doubled amount of gas-fired capacity on rent.



· Local business underlying revenue grew 15% and trading profit by 24%

o Increases in power volumes and rates in North America drive a strong first half; continued growth expected in second half

o Europe & Middle East will have strong year, helped by the Olympics. Underlying growth is patchy

o Aggreko International's Local business underlying revenue and trading profit grew 27% and 34% respectively in first half; further strong growth expected in second half.



· Successful start to London Olympics with over 550 generators and 1,500 kilometres of cable deployed on 44 sites; contract will be worth around £55 million.



· Poit Energia acquisition completed and performing in line with our expectations.



· Interim dividend to increase by 15%.






http://www.moneyam.com/action/news/showArticle?id=4420320


Aggreko powers on
StockMarketWire.com
Temporary power provider Aggreko said reported revenue and trading profit increased by 15% and 25% respectively in the first half-year to end-June.

Underlying revenue and trading profit were up by 16% and 23% respectively and earnings per share up 30%.

Both International Power Projects and the Local business grew trading profits by over 20%.

International Power Projects underlying revenue grew 17% and trading profit by 22%

The group enjoyed a record order book up 16% on prior year; 14 months' revenue at current run rate.

Increases in power volumes and rates in North America drive a strong first half; continued growth expected in second half.

Europe & Middle East will have strong year, helped by the Olympics. Underlying growth is patchy.

Aggreko International's Local business underlying revenue and trading profit grew 27% and 34% respectively in first half; further strong growth expected in second half.

There has been a successful start to London Olympics with over 550 generators and 1,500 kilometres of cable deployed on 44 sites; contract will be worth around £55 million.

Interim dividend is to increase by 15% to 8.28p per share.

Group revenue, as reported, increased by 15% to £734 million (2011: £637 million), while trading profit of £157 million (2011: £125 million) increased by 25%. Group trading margin was 21% (2011: 20%). Underlying revenue and trading profit increased by 16% and 23% respectively. On the same basis trading margin was 23% (2011: 21%).

Group profit before tax increased by 23% to £146 million (2011: £119 million) and profit after tax increased by 27% to £108 million (2011: £85 million), reflecting the reduction in the tax rate from 28.5% to 26.0%.

Rupert Soames, CEO, commented: "Aggreko delivered another strong performance in the first half of 2012 with underlying growth of 16% in revenue and 23% in trading profit."

"It's been a very successful six months. We substantially expanded our Latin American business with the acquisition of Poit Energia in Brazil; we have built a new temporary power plant in Mozambique, which, uniquely, is providing power both to both the South African and Mozambique utilities, and which will deliver revenues of over $200 million over the next two years; our order-book is at record levels; we have opened our new manufacturing facility in Scotland; and we have delivered what will be the world's largest contract for temporary power for a major sporting event, in the form of our work as the exclusive supplier of temporary power for the London Olympics."

"Looking ahead, we continue to believe that we will deliver another year of good growth in 2012, and we reiterate our previous guidance of fleet capital expenditure of around £415m."

..STOCKS NEWS EUROPE-Aggreko weak after in-line H1 fails to excite
Shares in Aggreko (Other OTC: ARGKF.PK - news) shed 1.2 percent, underperforming a 0.4 percent firmer FTSE 100 (Euronext: VFTSE.NX - news) index, as the temporary power provider for the London 2012 Olympics posts a 23 percent rise in first-half trading profit, which analysts at Oriel Securities and Seymour say is in-line with their estimates.

Oriel points out that that both Aggreko's first-half trading profit and its pretax profit are bang in line with its estimates.

The broker says that with no change to guidance from Aggreko it is making no adjustments to full-year headline forecasts for the company.

"The current rating demands the constituent trend of upgrades continues," Oriel says in a note, maintaining its "hold" rating on Aggreko.

Seymour Pierce also says half year numbers from Aggreko are in line with its and market expectations, and it remains comfortable with its full-year 2012 stimates,.

"Shares are trading on a prospective P/E (Price/Earnings) of 19.6 times FY12E falling to 17.5 times FY13E. We remain Buyers with a 2,500 pence target price," Seymour Pierce says in a note.

Volume in Aggreko shares is fairly strong at 45 percent of the 90-day daily average , above the 21 percent level for the FTSE 100 index overall.

I thought this share would rise yesterday with the news, a rise today of 5% .

Comparison between APR and its peer
Aggreko.......

- Aggreko ForecastsYear Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield

31-Dec-13 1,792.44 424.28 118.77p 19.2 1.6 +12% 27.00p 1.2%

- APR Energy ForecastsYear Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield

31-Dec-13 281.99 59.93 55.76p 12.4 0.4 +35% 12.81p 1.8%

Aggreko P/E 19.2 PEG 1.6 (ex growth) EPS increase 12%
APR.....P/E 12.4 PEG 0.4............ EPS increase 35%

Conclusion..

APR is way too cheap on the fundies
presented above little wonder Brokers
have 50% plus SP increases pencilled
in for the stock.

Surprisingly little reaction to this from the BBC

http://www.bbc.co.uk/news/uk-scotland-scotland-business-19384362

Red

RU

re posted for life link.....

http://www.bbc.co.uk/news/uk-scotland-scotland-business-19384362

sold my holding.

The temporary power provider could benefit from the US devastation.

The devastating storm that has hit the US may have ensured markets across the pond remained closed for a second day, but traders in London were busy gauging the potential impact on British companies.

Temporary power provider Aggreko (Berlin: 4A4.BE - news) , which came in for a battering of its own earlier this month after sounding a profit warning, was among the FTSE 100 risers on speculation the storm may provide a fillip for the group. Millions of homes have been left without power and serious flooding has crippled New York (Frankfurt: A0DKRK - news) .

A spokesman for Aggreko (Other OTC: ARGKF.PK - news) said the group was in “full emergency response mode” and supplying equipment to affected areas. Seymour Pierce analyst Caroline de La Soujeole argued that “storm-related revenues are not an unusual occurrence” for the group and that the company budgets about $8m (£5m) to $10m of sales for natural events. However, she estimated that the most recent disaster to ravage America could provide “positive upside” of at least 2pc to the group’s full-year pre-tax profit forecasts.

That gave a lift to Aggreko shares, which were under pressure less than two weeks ago after the company cautioned that bad debt provisions and exchange rates would hurt earnings. Yesterday, the shares rose as much as 68p before closing 28p higher at £21.29, outperforming the FTSE 100 (FTSE Index: EO100.FGI - news)

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