Omaha man
23 Dec 2014
Re: Is it that bad Yes, the Chinese middle class is around 400 million people: not an irrelevant market.
TriggerBlade
22 Dec 2014
Re: Is it that bad You're right that most Chinese don't use ovens, but there is a growing wealthy middle class with western looking aspirations, so there is some potential.I have a work connection with Vatti, AGA's partner, and as recently as October (at the Canton Fair), they told me that they were still evaluating Aga samples. That might explain no mention in the latest statement.I suspect that Vatti's main interest is in selling their own ovens, hobs and hoods to Aga in the UK. Their product is OK, but not the best available and Vatti (whose main business is in water heaters) are a credible partner.
pi4
15 Dec 2014
Re: Is it that bad The Chinese don't use ovens so I can't see this being a profitable venture for aga.Pi.
SAHD72
15 Dec 2014
Re: Collapse Agreed does seem a little overdone....but it has been relentless and you might wonder if there is something in the background thats causing the sell off, cant all be down to deflationary fears surely?Who knows.Luck all
Omaha man
15 Dec 2014
Collapse With no news since the trading update on 18th Nov and no connection to the oil industry, I am at a loss to explain why the shares have been so severely dealt with - 25% down in a month. Does anyone else have an explanation?
janebolacha
20 Nov 2014
Re: Is it that bad They have the pension fund issue that may, imo, blight performance for years ahead:"AGA Rangemaster (LON:AGA)Trading update - saying that the company is doing well in the UK, but less well in Europe.The company doesn't seem to mention anything about profits, so a bit pointless putting out a trading statement without saying how profits are going! I am assuming therefore that there will be no change to market expectations.I consider this share uninvestable, as the pension deficit & associated overpayments are extremely large, and are likely to consume any cash the business generates for the foreseeable future. Arguably that makes the equity worth little to nothing, since only token divis seem likely.- See more at: [link]
Omaha man
19 Nov 2014
Is it that bad The trading statement out today, while cautious doesn't seem that bad to me, with positive comments about the new products. Together with the fall yesterday though we have seen 10% come off the shares which feels too much to me; particularly on the back of a long downward trend.I sold some of these in the 160's and then again in the 190's (wish I had sold all obviously). If the forecasts stay roughly the same then we are now down to a PE of about 10 for this year and single figures next year. At that level I'm happy to take a punt and buy back what I sold.I note there was no comment on China in this statement. Either nothing much is happening, or this still has the potential to add a bit of a kicker next year. Will have to wait and see.
