Thanks APRJAX18 Sep 2015 13:49
APRJAX - thanks for your input on APR, that is helpful. I need to take a closer look at APR, seems like management could be a key issue there. Aggreko seems like a safer bet, although if APR could land new contracts, APR shares would have a lot more upside than Aggreko. Different risk/profile I guess. One thing that is kind of odd to me is the key management are the founders of the business. They built a competitive, global power company in like 10-12 years based on my reading of the annual reports. To me that is pretty impressive. But you are writing off management...so have they just lost their edge or their abilities to run this business in your opinion? I was just surprised because I thought that the current management would be a new team that wasn't as good as the old team and were mucking things up...but it's the same guys. In some ways, that makes me believe they can work their way out of the current challenges. Again, unless they have just lost it and they are burned out, checked out, etc. But they do own about 7 mill shares under JCLA (#6 shareholder), so they are not completely cashed out. They still appear to have some healthy skin in the game. And thanks to one of your other posts, I did find the Campion guy's twitter page, and he does seem to enjoy the finer things in life (understatement), so you would think he'd like to see that JCLA stake worth a lot more than it is here at 90 p! Thanks again.