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railride, On what basis would you say that? This company is imploding. They are laying off employees or key ones are leaving almost weekly. Stock is at an all time low. What is CEO doing about it? He is off in Vegas for a week?! Really? What is Chairman doing? He is making a movie on his race cars while company pays for use of his private jet and to also fly first class(just go on John Campion's twitter account). I would run as fast as I could and cut your losses. Founders already cashed out, they could care less about the rest of its shareholders.
given no news except the fairly positive rns yesterday i think ill double up my holding for the rebound
The crunch for APR may well be when they update at end of month on how they will cope with bank covenants. Today as railride says can be looked as at as a positive, in theory no loss in Yemen it was insured (but what are they owed?)10 odd million bak from what might have been a lost cause Libya. Hard to say, it's a big gamble with perhaps a risk of complete loss, needs a few QPP investors on here! They seemed once a well run company in an area of promise, but they have obviously been mistaken in taking on work in very risky area's. They never mentioned insurance in connection with losses in Libya, to my recollection. They have got some of that equipment into Senegal but was there any uninsured losses on top of non payment?
is in a spin over a relative price correction in the yuan we get 10 mil and insured for 24 mil and it drops the mind boggles i guess when the sheep stampede you have to wait till they stop running.
Up and down like a yoyo
wild movements in price but i still feel that 200 is more of a realistic sp short term but i put a very high risk tag on this stock gla.
Bargain entry Imho
Numis Securities Ltd Upgrades Apr Energy PLC to “Buy” (APR) Posted by Jim Brewer on Jul 1st, 2015 // No Comments Apr Energy PLC logoApr Energy PLC (LON:APR) was upgraded by equities research analysts at Numis Securities Ltd to a “buy” rating in a research note issued to investors on Wednesday, Analyst Ratings.Net reports. The firm currently has a GBX 425 ($6.67) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 269.57% from the stock’s previous close. A number of other analysts have also recently weighed in on APR. Analysts at Jefferies Group raised their price target on shares of Apr Energy PLC from GBX 270 ($4.24) to GBX 290 ($4.55) and gave the company an “underperform” rating in a research note on Monday, June 15th. Analysts at Morgan Stanley reiterated an “equal weight” rating and set a GBX 330 ($5.18) price target on shares of Apr Energy PLC in a research note on Friday, June 5th. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Apr Energy PLC in a research note on Thursday, May 28th. Analysts at Citigroup Inc. downgraded shares of Apr Energy PLC to a “sell” rating and raised their price target for the stock from GBX 200 ($3.14) to GBX 300 ($4.71) in a research note on Thursday, March 19th. Finally, analysts at Investec reiterated a “hold” rating and set a GBX 330 ($5.18) price target on shares of Apr Energy PLC in a research note on Tuesday, March 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Apr Energy PLC has an average rating of “Hold” and a consensus price target of GBX 309.14 ($4.85). Apr Energy PLC (LON:APR) opened at 115.00 on Wednesday. Apr Energy PLC has a 52-week low of GBX 92.25 and a 52-week high of GBX 653.00. The stock’s 50-day moving average is GBX 304.91 and its 200-day moving average is GBX 296.65. APR Energy PLC, formerly Horizon Acquisition Company plc, offers temporary power solutions on a fast-track basis to utility and industrial customers worldwide. The Company’s fleet of deployable turnkey power plants can be utilized for applications, including supplemental base-load capacity, disaster relief, seasonal peak shaving, or unscheduled outages. The average duration of its contracts is between 12 and 18 months. During a contract it provides turnkey suites of logistics, engineering, installation, operational and maintenance services. APR has a diverse fleet of both reciprocating diesel and natural gas generators, as well as advanced mobile dual-fuel turbine units. Its solutions include distributed generation, peak shaving, and grid stability and support. In June 13, 2011, the Company through its subsidiary, APR Energy Holding Limited acquired APR Energy Cayman Limited and membership
Good rise this morning but slowly losing the gain
any reason for an 8% fall in the sp its seems these day everybody is shorting hoping for failure what a sad state of affairs.
Sad, but inevitable. The short positions will stack up and I think APR will now require a cash call.
On shareprophets
Bit harsh
APR Energy shares plunge for second day: Temporary power firm APR Energy saw its shares lurch another 18% lower after it issued a major profit warning earlier in the week. APR is also facing delays in signing new contracts. APR is now expected to plunge to a pretax loss of $78 million (£49 million), on revenue of $220 million for the year to December 2015, when only seven months earlier the company was expected to report pretax profits of $113 million, on revenue of $520 million. The company has also suffered from a revolving door in the boardroom. Brian Rich was the latest casualty after he stepped down as Chief operating officer on June 15 after just over a year in the role. Mike Fairey stepped down as Chairman last year. Andrew Martinez, the Chief financial officer, departed last year, to be replaced by Lee Munro. That came just two years after Mr Martinez replaced Rick Greene as CFO, after the company filed a late set of accounts. Questor said APR Energy was “priced to fail” at £10.06 in August 2013. We repeated that advice in “Red Flags make APR a Sell” last year (Sell, 505.5p, August 28, 2014) and again (Sell, 370p, October 28, 2014). There is far too much risk here that the company will end up in the hands of the banks so once again we recommend a sell. APR Energy at £1.94-27p. Questor Says “Sell”.
Power failure: When celebrity investors bale out, so should you. Funds favoured by George Soros and former U.S. secretary of state Madeleine Albright sold down big stakes in APR Energy in time to avoid a profits warning and a 25% drop in the shares on Tuesday. Instead, APR is in a mess. Customers are delaying orders and the costs of a Libyan job have spiralled. Chief Operating Officer Brian Rich is stepping down for “personal reasons”. Could one of these be that the Chairman has personally given him the boot? Sure enough, APR’s earnings before nasties as a percentage of revenues have plummeted from 51% to 38%, according to S&P CIQ. The company’s market capitalisation has dropped from £1 billion at a peak inspired by a further acquisition in 2013 to about £250 million now. Net debts are twice that. APR has raised the spectre that it could fail to meet loan covenants in future. Ashtead’s greater achievement has been to retain a listing through a shakeout in its industry. APR’s chances of emulating that feat are diminishing by the day
Broker rating is still high but we are witnessing a heavy drop
Bullish announcement today has provide the opportunity to average up...still expect all these bullish announcements to precede a cash call (which is why they are being made)
...from here. Looks like the company is struggling with cash and will need to raise finance soon - this doesn't look like it's discounted from the SP yet and the FY results should be pretty grim. I will be holding a short position for 1 month from here and expect this to be in the low 200s by then.
So if APR can get out of Libya without to much harm done. Other than the loss of continued revenue and the unpaid work done. Surely we return to the company being worth at least it's NAV which was well north of here. And then if it keeps itself out of trouble, it can go on to better values, towards where it once was?
This share continues to tank: RNS today: APR Energy ... today announces that the ratification of its contract by the Libyan parliament has still not been secured and that the Board has therefore approved reassignment of those assets to new opportunities, effective immediately.
Correction for contact read contract, and know anything.
The normal terms for a contract selling power is to insist the buyer issues an irrevocable letter of credit or sovereign guarantee equal to the value of the equipment , the set up costs and the first 6 months ( or 12 ) revenue. Should the buyer default the LC or bond is cashed. Now if APR did not set up the contact in this manner they have committed commercial suicide. Does anyone out there no anything ?
Q in Daily T says avoid yet today more buys than sells! SP going up.. confusing.