Spooner commented:
"Temporary power supplier, Aggreko, reported a £20m increase in profit before tax for 2011 in positive full year results announced this morning. Despite difficult comparative figures from 2010, revenues also increased by 14%. Aggreko saw strong performance from its International Power Projects and the company is fairly confident in its outlook for 2012.
"Operating in nearly 100 countries Aggreko looks to be well positioned to benefit from the significant rise in the demand for power, especially in emerging economies. Opportunities will also arise from special events such as the London Olympics and providing emergency power in any future natural disasters.
"Aggreko is an attractive niche stock for investors, and long term growth opportunities remain. A 10% increase in the full year dividend has also been announced. However, we continue to recommend investors ‘hold' for now as the share price has rocketed since 2009 and in the current climate we could see this pause."
