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Thanks for that. I wish I'd topped up again when I got a quote for 698 but hey ho. Just have to be patient now.
I bought in some time ago at 832, so you can imagine how I feel !! I still think you're on a winner..but I can't understand why the sp should fall after today's super RNS! I think it may be a combination of factors; AGK, continued global economic worries, various downgrades etc etc. But the main fundamentals of APR are very positive in my opinion, so I remain a holder. I'm going to top up but I hate to say it, I think it may drop a tad further and I'm awaiting that to happen. So no, I've not sold up, I not lost faith either and I think your buy at 713 early doors this morning is still a good one and I'm sure it will shoot north again soon, just rotten luck.!
And still she heads south! Quiet on here - has everyone sold out?
Well looks like I called that completely wrong and got in way too early. Topped up now at 704.394
so I'm in (a bit late) for a flutter at 718.63
APR Energy: Bank of America takes target price from 1100p to 800p downgrading to neutral.
Those that survive the tree shakes here will be rewarded in the new year wait and see :)
Moving North Like a Rocket!!! 880 before year end? :)
Agreed but particularly APR.
This and AGK are best buys at the moment
On Monday, APR Energy said it had signed a new 200 megawatt contract in Uruguay, running until mid 2014. That is a significant contract, as typical coal power station produces around 600 to 700 megawatts. It brought APR’s total new contract wins this year to 569 megawatts and contract renewals to 724 megawatts. In the opinion of the Telegraph´s Questor team the above shows that the investment case for temporary power providers is intact and sound. The world is short of power and demand is growing rapidly in emerging economies, even if it is true that contracts in this business will be lumpy – as its rival Aggreko has also found out. Although volatility in earnings will remain, the long-term prospects are sound. Even so, Questor was disappointed with the accounting issues earlier in the year. For that reason it maintains its hold rating but sees the scale of the opportunity if management gets it right.
The firm specialises in the sale of electricity through the global development of power solutions with an emphasis on Africa, South America, Central America, the Middle East and Asia. Shares were up 0.57% to 702.00p at 14:12 Monday.
APR Energy has signed a 200MW contract to provide power solutions in Uruguay, the company announced Monday. The company will deliver dual-fuel gas turbines in the country, with the initial term of the contract ending mid-2014. APR Energy has also extended its existing 100MW contract with the customer which runs for the same length. The agreement raises the company's contract gains this year to 569MW and its contract renewals to 724MW. John Campion, Chief Executive Officer of APR Energy, said: "This new deal, together with the contract extension, is representative of the strong demand we continue to see across the temporary power market, particularly, in our key markets of Latin America, Africa, the Middle East and Asia. As seen with the Uruguay contract, a key growth driver continues to be demand for mobile gas turbines, for which we are well positioned as one of the world's largest providers."
This reached 755 today and it will move further till it gets where it was before 840, enough said re UBS foolish downgrade
One other thing to note re UBS forecast their 600p forecast was when apr was trading 840 their 530p forecast now is when apr is trading 655 hmmm now do the math :)
Do u hold shares here UBS released this mid day, since then the share gained 1% target price of 530 makes no sense when the share is trading between 650 and 677 this was 599 when news got released and is on its way up not down,, surely something is not right AGK also released similar profit warning, it's a profit warning 7% below expectations not 40% UBS got it all wrong APR is expanding has contracts in the pipe line it's just a matter of time till this one is at 900s again
UBS has cut its target price for temporary power specialist APR Energy from 600p to 530p and retained its 'sell' rating on the stock after third-quarter revenues were a 'significant disappointment'. The broker estimates that utilisation in the third quarter of 60% was 20 percentage points below industry norms. "Combined with continued disappointing order intake, we continue to believe there is insufficient capital discipline in the business, with fleet growth prioritised over fleet utilisation." UBS said that more consensus earnings downgrades on Friday reflect the "continued execution risk in the business." Currently, the broker's forecasts at 27% below consensus.
UBS has cut its target price for temporary power specialist APR Energy from 600p to 530p and retained its 'sell' rating on the stock after third-quarter revenues were a 'significant disappointment'. The broker estimates that utilisation in the third quarter of 60% was 20 percentage points below industry norms. "Combined with continued disappointing order intake, we continue to believe there is insufficient capital discipline in the business, with fleet growth prioritised over fleet utilisation."
APR Energy: Seymour Pierce upgrades from reduce to hold, target left at 650p.
Will this ever recover anyone? it seems its at a bargain price at the mo
Have u invested in here, dont understand ur comments?
As usual the false comfort of the professional commentators Jange and Mulledwine precede a major correction. Where is their professional advise to cut and run.
Two more quarter million just gone through?
Four large buys of a quarter million each late yesterday, hope this spurs on the share over the coming days towards the 900p mark.