11 March 2016

AGGREKO

Aggreko is a global supplier of temporary and/or emergency power supply equipment to a wide array of industries

Group 10Created with Sketch.
Price
£10.57
Group 11Created with Sketch.
52 Week High-Low
£17.24 - £9.91
Page 1Created with Sketch.
Net Yield
2.61%
Group 12Created with Sketch.
Hist / Pros Per
13.8 - 14.0
Page 1Created with Sketch.
Equity Market Cap
£2,707m

Aggreko is a global supplier of temporary and/or emergency power supply equipment to a wide array of industries. It has significant earnings exposure both to Emerging Markets and commodity driven cycles where we see further attrition and slow down, headed by the ongoing contraction in Chinese demand. I expect commodity orientated projects to continue to suffer and for negative foreign exchange headwinds in many of Aggreko’s end markets. Whilst the company is fully aware of the challenges on hand, and is cutting costs and restructuring to mitigate these headwinds, I perceive that there is a limited amount that this business model can do to escape further slow down. The Group has already had to steer analysts’ guidance downwards and I expect trading to remain difficult. 


Also in this issue

In the Summer Budget, the Chancellor announced the biggest shake up of the taxation of dividends since 1999 to take effect from 6 April 2016. This article explores these expected changes and their…

Cobham is a well managed aerospace specialist which has grown steadily for a number of years, both by acquisition and organic growth. It has assembled an array of high-grade defence and aerospace…

Since our founding in 1945, it has been our mission to provide unparalleled service and investment management expertise to our clients and we firmly believe that we continue to meet our goals today.…