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should read : ..''.private payroll company''.......
Recent Editorial comment 1st March: Construction spend soared in January from a month earlier and all major segments posted gains pushing the total to the highest level since October 2008. There were solid gains for both the month and year in apartment,non-residential and highway construction. Construction spending in January totaled $1,41 trillion and 10.4% higher than Jan 2015. Priv residential spending 7.7%+ YOY Priv non residential 11.5%+ YOY Multi family residential 30%+ YOY Single family 6.6%+ YOY The largest private non residential segment in January was manufacturing construction and 11.6%+ YOY The next largest segment is power(including oil/gas pipelines) and 11%+ YOY Public construction spend 13%+ YOY The biggest public segment is highway and street construction and 34%+ YOY The main concern for contractors are skilled labour and contractors urge US government to get high schools to set up construction education programs and a strong lobby is presently persueing this and more . --------------------------------------------- Yesterdays Fed Beige book confirms moderate broad economic expansion except for the energy states which was also confirmed by the private patrol company ADP data. US oil production is still falling and is now at January 2014 levels. ......................................... USA data: factory orders pmi sevices index ism non manufacturing productivity costs jobless claims consumer data eia gas URI up yesterday by + 3.5% and a tailwind from good US data and the best data of all - AHT 3Q - contributing. Can see URI heading for high 50$ in the coming weeks AHT CEO remarks: ..........''growing responseibly''....''..and strategy/business model clearly working''...... AHT is a $olid well run company and services a sector which has $olid future,the introduction of tougher pollution/emission regulations will also make rental companies very attractive. Have a wild day
Editorial comment 1st March: Construction spending posts strong monthly and year over year advances in multi family,private non-residential and public categories in January 2016. .....nearly all private segments recorded robust 12 month gains as total spending reaches a 7 year high....... .....demand for construction remains robust even amid concerns over economy...... USA data Wednesday: mba mortgage applications adp employment data job creation data beige book eia petroleum data fed speak URI gains close on 2% Analysts encouraged by the signs of a broad based recovery in manufacturing beginning to reflect in todays ISM data
I come home to see I was stopped out.
AHT data today is indicative of a strong construction sector/and general economic activity URI forecasted today with a potential 50% + on SP Great start to March with a market in a confirmed uptrend Todays SP plunge-welcome to AHT for the uninitiated HFT can create! any price they want and look how it stormed back! Those G-force$ I love them Time for a Pint/or two
Good to see some Director Deals go through. I had penciled in this back to 850p today and might just make it.
Autos,ism manufacturing,construction spend all OK Analyst comment: ......''the feeling is that manufacturing may be coming out of the doldrums''........... ........................................................................... and Spriong is in the air and months of decent money making weather just around the corner and Donald Trump will save us all and Jesus wept again Have a wild day
This share should have been marked up, not down this morning, by the mm's. Clearly, from the numbers, this is now extremely cheap. ( I do not hold a position in this share.....but I do study results )
This drop was clearly overdone!! Anyone who translated the RNS in to anything negative probably doesn't know much about investing. The busiest time for AHT is the summer season, which would suggest this is the perfect time to buy.
please ignore ...dfay...
thanks for reply general uncertainty contributes and money looking for a safe place Gold forecast to be around $1400 by Q4 16 Have a wild dfay Have a wild day
MM's just love to drop the sp at any given chance. Bloomberg this morning were just say how the US economy is in fact looking strong. Further, US housing is also picking up. Looks a very good opportunity to buy to me which I have done in a few tranches this morning. I see someone had their finger on the button to put through a buy at 766p and grabbed 235K worths of shares for £1.8 million just at it's lowest pojnt this morning.
The reason ??? Charles Huggins, investment analyst at Hargreaves Lansdown, said the capex reduction could be seen as painting a negative picture of the US economy, where the group derives most of its profits. 'Ashtead generates the bulk of its profit in US non-residential construction markets where conditions remain favourable - for now. However, the market is clearly worried about a potential US slowdown. Ashtead's plans to cut back capital expenditure and reduce leverage are sensible in this context, but do little to allay investors' concerns of tougher times ahead," he said. Thanks V for your daily bullet point reports which I always read. cheers...
Peel Hunt this am give a share price of £ 14.50 - long view as opposed to Tuesday view Have a wild day
HI PaulAtreides, It's the moronic algorithim and professional trading making a PAYDAY out of it Company did say in their release today: .......that they expect their fleet requirements to moderate down the line and will give them even better revenue and cash generation.... BUT $olid company and a mischevious market overreaction!! Stay onboard Have a wild day
Why such a sharp reaction today to such a slight reduction in rate of growth. The results looked good to me. A few months ago the shares were £11 without much different guidance. What does the City expect, miracles from this company? What announcement was hoped for today? I can only hope sanity will prevail and they will creep back up again.
Hi Slipperyslope, Thanks for reply. Just a marginal decline in revenue and market is only too aware of that since Jan 2016 BUT there is strong demand for residential/commercial construction plant The earning data is still more than satisfactory and a growing company in the diverse sense SP range looks between £8 to £9 for the moment The most important thing is decent cashflow The tyranny of the earning season/BUT a decent Dip The market is making money out of this stock Stay Onboard Have a wild day
Hi V, Just all the reports out today on the likes of Glen, Barc, Greggs etc. They have certainly let Aht drop today. Will bag some more once it settles down. Some analyst was saying the best investments at the moment are your everday essentials. There is alway a queue out the door of our local Greggs.
Hi Slipperyslope, What news are you referring to? Thanks
Big drop on that news. Just grabbed some at 820p to see how we go. Also bagged some Barc on that drop as well. Do like days like this when news is out everywhere.
The algorithim is drunk,stay onboard She is a Bouncey girl Have a wild day
$$$olid Re$ult$: ROI 19% + nine months Rental Revenue 17% + nine months Pre Tax Profit 482 m 20% + nine months Debt ratio to EBITDA 1.9 and forecasted to fall further EPS 23% nine months Double digit fleet growth for 2016/2017 Business model/strategy clearly working Board looking forward to medium term with confidence in strong end markets Both businesses -Sunbelt/ A-Plant performing well Company continues to grow responsibly as per business strategy -------------------------------------------- Datais indicative that the US economy is alive and well Have a wild day
URI investor presentation in January was positive and remarks on non-residential/commercial construction were also positive. AHT were pioneers in a high tech/software approach to rental and are a very cost effective savvy company AHT also expanding its speciality/niche business,wich now accounts for 25% of their revenue What worries investors are the more expensive emission compliant equipment -tier 4- and the significantly high debt ratio's of the big rental companies AHT's debt ratio to EBITDA is well under control and a decent cash flow to service it in a carefully growing company A-Plant also growing well with a diverse modern fleet and speciality business as well as well located stores in UK The winter in USA/UK was alright and months of good weather are just around the corner. AHT sp should setlle in £10 low in the coming weeks EU data today gave inflation at - 0.3 and therefore ECB/Draghi will have to respond on March 10th. Heavy data this week including the non -farm payroll on Friday US economy is grinding along and earnings so far have indicated that Latest comment gives Fed hiking in June A green Tuesday in Asia and oil in +++ mood will be ideal for UK opening bell on 1st March am Time for a pint
Editorial recent comment: Rental forecast projects stable future growth for equipment rental industry over the next few years. Total revenue projections for 2016 : 6.6% ; 2017 : 5.6% The forecast reflects the downward shift of investment in energy markets and continued growth in non-residential and commercial construction There is no doubt that the secular shift to rental equipment continues in the markets those in the rental equipment industry service.Many clients continue to take advantage of the benefits that equipment rental offers and also to clients that are highly leveraged or legacy debt. Rental companies are also adept at identifying clients and relocating equipment to different areas to take advantage of increased demand. This is a dynamic industry that continues to have a bright future for revenue growth. Rental industry revenue 2016 : 48.2$ billion and up to 2019 : 53.7$ billion all based on US government agency data and from a 100% company sampling. The changes in total revenue in the US however have not impacted expected growth rates forecast by private economic forecasting firms - meaning figures being revised up Residential construction market is expanding as well as prices.Also non-residential growing strongly.Commercial construction growth will fall from double digits to high single units but remains fundamentally strong. The passage of the Transportation Bill has improved the outlook for infrastructure related spending for the first time since the stimulus package of 2009.These considerations bode well for construction,industrial and general tool rental. Present rental penetration is around 52.9. Rental penetration is measured as the share of the US construction equipment fleet accounted for by rental companies. Rental penetration will decrease if rental companies acquire fleet slower than contractor owned equipment or if they divest fleet faster than contractors. The story of 2015 was that construction markets were hot and energy markets were not.Equipment in shale oil exploration was no longer in demand,yet much of the equipment was well suited for construction.Rental companies could then easily re-deploy their existing assets from energy to construction. Rental fleets still grew in 2015 but at a slower rate while the investments by contractors remained unchanged. The result is a mild dip in rental penetration that's indicative of the flexibility of the rental industry and not any weakness in the rental industry outlook. ------------------------------------------------------------------- USA data Tuesday: vehicle sales redbook pmi mfg ism mfg construction spending AHT sp in a fei$ty mood and market moving it up is a good sign on a quiet day Conditions for Qly earning release is much improved,namely: market in a confirmed uptrend - US markets 5.5% + since Jan 11th. steadier oil fed hike unlikely i
Hoping for good results in morning GLA