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Recent editorial comment: ....new infrastructure projects set to stall for remainder of 2016..........however 5 year forecast is signifiacantly stronger than pre- 2010,overall near term outlook appears positive and growth to continue in private housing,industrial and infrastructure segments,but some areas are languishing..... -----as oil goes up in price towards end of 2016,then also costs will move higher.... UK data Monday: mortgage approvals m4 money supply USA data: Chicago fed national activity pmi manufacturing index flash G20 get together does not come up with any coordinated approach to address global economy Price of oil beginning to drop somewhat on Asian markets this am Berkshire Hathaway came in with solid earnings for Qtr and Warren Buffet is comfortable with US economy going forward. And a modest rally underway in Asia as we speak Have a wild day
Builders Merchants reporting (Small to Medium Builders) doing refurbishments very busy on both side of the pond, new build projects still need to increase, but reasonable activity should be maintained thanks to low mortgage rates for property upto 999,999. industrial entities appear in many areas to be holding off on Cap Spend on outright purchases, rental holding its own......oil price rise will no doubt have a knock on impact even though it's not the major income stream for AHT some may seem to think considering the correlation. GLA.
Builders Merchants reporting (Small to Medium Builders) doing refurbishments very busy on both side of the pond, new build projects still need to increase, but reasonable activity should be maintained thanks to low mortgage rates for property upto 999,999. industrial entities appear in many areas to be holding off on Cap Spend on outright purchases, rental holding its own......oil price rise will no doubt have a knock on impact even though it's only a
Asia nice and green Oil traders still bearish/price fairly static Venezuela and some other OPEC countries meeting again in March to try something new as per this am news RBS bank cut their losses in half Have a wild day
Walll St at closing bell very nicely in the green and S&P 500 above its 50 day moving average URI back over 50+$ Market comment: .......with these good durable goods it may start to indicate the pressure coming off US manufacturing....and December revised upwards.... USA data Friday: GDP consumer income and outlays international trade in goods consumer sentiment An all green bounce in Asia will give the ideal opening bell for Friday am,and hopefully oil will be steady Have a wild Friday
Durable goods should read : 5% +
US Durable goods came in @ + 3.6%+ for January and Jobless claims came in to expectations URI down again with oil AHT put in a feisty day and lets hope tomorrow is calm in these bouncey markets Time for a pint
Looks very healthy And Shanghai comp collapse did not effect Europe Oil in green Futures acro$$ pond also green £9+++++++++++++++++++++++++++++ come on down Have a wild day
Market comment: Markets remain cautious ahead of ECB meeting 10 th March EU inflation increased %0.3 Oil down Futures across pond RED Now ??? about liquidity of Chinese banks Have a wild day
Editorial comment: Senior industry figures forecast solid demand from UK rental buyers and beyond in 2016...... with more hybrid plant in demand to accommodate latest emission regulations USA data: durable goods fhfa housing data jobless claims consumer sentiment manufacturing data eia gas data Fed speak Wednesday's US economic data was weak with services sector numbers the lowest in over 2 years US is experiencing a profits recession in a slow growth economy and economists estimate the GDP to be around 2% + URI under $50 again One day is a long week in these bungee markets Have a wild day
should read: (foreign investors).....
Came in today down nearly 10%,mainly expensive houses(foreign)not selling URI/AHT main money maker are non-residential/Commercial Residential housing supplentary only to companies with a diverse rental portfolio Time for a Pint
GOOD DAY Paul It's an moronic algorithim that thinks: OIL=URI=AHT = somebody is making a load of money Hopefully it drifts into £8 low Non-residential construction is forecasted to grow 6.6% in 2016 and AHT is a proven P£RFORM£r Have a wild day
AHT is best thought of as being linked to the USA housing market which seems fine at the moment. AHT's exposure to oil is minimal so it's mad that it moves with the oil price. Technically there is resistance at £9 but nothing to stop us getting there soon and busting through it in a decent rally.
Wall St futures RED URI will probably go South again and AHT may revisit £8.30/40ish and a fabulous$ top up price Have a wild day
Markets are very fragile and caution is urged,but buying opportunities will occur as per a fund manager comment this am Oil will continue to pressure equities --------- Some well heeled Tories want a BREXIT and now we have LSE hoping to make a union with the Deutsche Bourse what a load of bo££u* Have a wild day
At present prices= VALUE = TOP UP On 1st March SP could jump to £9.50ish Lets hope earnings day is a Blue day Donald Trump will save us all / and Jesus Wept US unemployment is forecasted to fall to about %3,6 within 18 months Have a wild day Have a wild day
A-Plant has recently opened a state of the art survey hire express centre in Paisley Scotland close to Glasgow airport and the M 8 to supply the very latest survey instruments. USA data Wednesday: mba mortgage applications new house sales pmi services eia petroleum data Market comment: .......it wont be a case of how many months this volatility will last,its a case of how many years it will last........ One day gloom another day euphoria Have a wild wednesday
OPEC comment: Todays oil get together in Houston, a speaker refers to Shale as the new swing producers and for a decent price to materialise will need a collective discussion......with capex cut significantly the supply of oil will in a couple of years dry up and prices will balloon..... AHT sp looking feisty German business sentiment declines,but economy remains rersilient Have a wild day
PSN come in with $olid data and UK construction and A-Plant are ploughing along Standard Chartered data below expectations and sp -12% Will run up to BREXIT affect stocks - YES/and lots of money making VOLATILITY Have a wild day
Market comment: US economy started to slow about a year ago with the oil impact on manufacturing and strong dollar,but not in recession. and recent data including CPI are encouraging Oil comment: Oil at $80 a barrel by 2020! IEA forecasts oil to be at about $35 by 4 Q 2015 Shocks to downside on price seem to have stabilised! BREXIT so far will be close,but Boris comes up short on his plans if BREXIT becomes a reality Red opening this am and oil declines / and AHT should have a go at £9 again and that will be a positive German IFO data today Have a wild day
good day on Wall Street and URI up 6%+ and over 50$ and investors are back for awhile all good for AHT and 9£ + tomorrow! as one trader commented that volatility wont be going anywhere USA data 23rd.: redbook s&p case shiller hpi consumer confidence investor confidence manufacturing data existing home sales have a wild day
HSBC data disappoints and concern for banking sector putting the squeeze on financing,erspecially start ups and smaller companies is a concern this am not to mention larger firms and all point to recession worries EU comp pmi especially Germany/France are sluggish Main problem for banks are negative interest rates/regulatory requirements Construction stocks sliding - UK recession fears I suppose amongst other pressures AHT may steady and have a run at £9 OIl analyst comment: Oil could still revisit $27/or $25 a barrel Have a wild day
Market comment: US 2nd Qtr/3rd Qtr Corp earnings forecast to contract again,recession!! however wage increases contributing to fall off in profits City market analyst comment: BREXIT will cause uncertainty in market right up to 23rd june referdum and in the mean time investors will be looking for safer bets away from equities CoreCPI last week was highest in 4 years- will there be a hike! EU data Monday: pmi from Germany and other EU countries USA data: Chicago fed national activity index pmi manufacturing flash index Busy week ahead on US data like durable goods and gdp etc AHT sp failed to go over £9 and URI failed to go over $50 During the week the sells were marginally more than the buys URI is known as the hedge fund hotel URI/caterpillar are well shorted and no doubt the same attention arrives at AHT The market sentiment approaching 3 Qtr earnings is one of fear and uncertainty and the main anxiety for investors is the possibility! of a US recession The trend for AHT sp is south for the moment and could fall back to£8 again BUT optimism prevailing the week ahead may see a steady rise in sp and over £9 so long as data released is satisfactory Have a wild week
URI down over 3% Sitting on the ca$h/too volatile and see what next week dishes up Have a wild weekend