Fundraising, Acquisitions, New Facilities, Upcoming Events, Earning Releases, and Refinancing Arrangements - Analyst Notes on Riverstone, Halfords, Aggreko, WS Atkins and Grafton
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LONDON, June 25, 2014 /PRNewswire/ --
Today, Earnings Review released its analysts' notes regarding Riverstone Energy Ltd (LON: RSE), Halfords Group plc (LON: HFD), Aggreko plc (LON: AGK), WS Atkins PLC (LON: ATK) and Grafton Group Plc (LON: GFTU). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/4103-100free.
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Riverstone Energy Ltd Analyst Notes
On May 19, 2014, Riverstone Energy Ltd (Riverstone) announced the commencement of fundraising for Riverstone Global Energy and Power Fund VI, L.P. (the "Fund"). The Company informed that the fund, which has a target size of $7.5 billion, will pursue investments in the energy subsectors of exploration & production, midstream, energy services and power & coal. The full analyst notes on Riverstone are available to download free of charge at:
http://earnings-review.com/4103-RSE-25Jun2014.pdf
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Halfords Group plc Analyst Notes
On June 4, 2014, Halfords Group plc (Halfords) announced the acquisition of bicycle manufacturer, Boardman Bikes Limited and Boardman International Limited (together known as "Boardman Bikes"). While the Company sells the Boardman Performance Series exclusively in the UK and Ireland, the Boardman Elite Series is sold at selected independent cycling retailers in the UK and USA. Leading International distributors and retailers such as Rebel Sports Group (Australia), Integrated Riding (Singapore) and Biken (South Korea) sell both the ranges in the international market. The Company informed that Boardman Bikes will remain a standalone entity led by the current management team. Commenting on the acquisition, Matt Davies, Halfords' Chief Executive, said, "Our investment in Boardman Bikes, which have been ridden by multiple Olympic and world champions, demonstrates our growing position as a specialist cycling retailer. We look forward to a continuation of the growth that both Boardman and Halfords have enjoyed with such a strong brand." The full analyst notes on Halfords are available to download free of charge at:
http://earnings-review.com/4103-HFD-25Jun2014.pdf
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Aggreko plc Analyst Notes
On June 11, 2014, Aggreko plc (Aggreko) announced the opening of a new service center in Carlsbad, New Mexico to meet the growing demand for temporary utility services in the oil and gas, mining, utility, petrochemical and refining industries. The new center is built on a two acre lot to handle inventory on a large scale to meet both the long-term and emergency requirements. "The growth of activity in the Permian Basin has prompted a need for more readily available and accessible power sources, not only to support oil and gas production, but also to support utilities where the added strain on the grid puts local communities at risk for unexpected outages," said John Morgan, Vice President, West Area General Manager, Aggreko North America. The full analyst notes on Aggreko are available to download free of charge at:
http://earnings-review.com/4103-AGK-25Jun2014.pdf
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WS Atkins PLC Analyst Notes
On June 12, 2014, WS Atkins PLC (WS Atkins) announced the full year preliminary results for FY 2014 (period ended March 31, 2014). While the Company's revenue grew by a modest 2.6% YoY to £1.75 billion during the period, its diluted EPS increased by a healthy 13.1% YoY to 95.8 pence per share. In line with the growth in profits, the Company's dividend per share increased 5.5% to 33.75 pence per share. Commenting on the results, Allan Cook CBE, Chairman, and Prof Dr Uwe Krueger, CEO of WS Atkins, said, "We have achieved good results with growth in profits and a strong cash performance. We have also made significant progress in delivering our strategy across the three pillars of operational excellence, portfolio optimization and growth in defined segments and regions and are confident of making further progress in the year ahead." The full analyst notes on WS Atkins are available to download free of charge at:
http://earnings-review.com/4103-ATK-25Jun2014.pdf
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Grafton Group Plc Analyst Notes
On May 19, 2014, Grafton Group Plc (Grafton) announced the signing of multicurrency, £460 million, five-year revolving credit facilities with its banks to provide the Company with additional leverage as it continues with its growth strategy. As the refinancing is being done in the low interest rate environment, the arrangement will result in annualized finance cost savings of around £3 million per annum, based on current drawings. The full analyst notes on Grafton are available to download free of charge at:
http://earnings-review.com/4103-GFTU-25Jun2014.pdf
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