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19th.Feb 2016 URI announces the opening of 7 new speciality centres for: trench safety power/hvac pump solutions tool solutions Company intends to open another 7 in 2016 amid a growing demand for speciality support/services and is a strategic part of their growth ,as well as AHT similarly growing their speciality business and is very profitable to both companies Have a wild day
BREXIT anxieties contributing
Record high US oil stockpiles Cameron/BREXIT negotiations grinding along US data: cpi rig count Fed speak Have a wild day
Recent analyst rating(resulting from a sit down with management yesterday) is one of outperform and company is confident for 2016 URI share price currently is rising again close to 3% today with a negative S&P 500 index and that sounds good. US job data came in good again leading indicators better than expected URI like AHT continue to grow their niche/speciality business and their business model supports a broad range of the US economy URI is taking it on the chin in upstream oil/gas in US and Canada and have demonstrated their resilience in generating decent revenues in a well run company. AHT is half the size and similarly a well run cost effective money making machine URI's most bearish sp is $60 and bullish is $90 URI should settle at $60 for awhile Time for a pint
Market comment: ........''.broadbased rally in stocks except utilities where strength usually links to desperation and recession...'' FOMC minutes reflect a cautious and data dependent Fed USA data: jobless claims leading indicators consumer data eia petroleum/gas data Philadelphia fed business outlook Wednesdays industrial production and manufacturing surprised on the +++ side AHT sp heading for £9.50ish and with the more positive sentiment in the present uptrend is a big+++ Oil analyst comment: ..''rally in oil is temporary''... Have a wild day
Market comment: Dow Transports and Dow Industrials are curiously diverging which is Bulli$h USA data: mba mortgage applications housing starts ppi-fd Atlanta fed inflation expectations Market comment/oil: the fact that opec/Russia are at least opening coms and meeting kind of are friendly signals for market and it's Risk On# come on down while $$$tock$$$ last
Market comment: Banks sp have dropped about 40% in 6 months because investors fear of central bank decisions and negative interest rates impacting on margins USA data: job data industrial production UK data: jobs industrial production Asia negative overnight Have a wild day
Present value/excellent £8.15/£8.30-great entry point CAUTION URI giving a presentation on 18th Feb Market will be giving close attention URI incurred drop in revenues because of their exposure in Canada Have a wild day
coming months oil between $27/$35 Saudi/Russia not reducing but holding to jan levels iran are building up and Venezuela will not cut back it costs Venezuela about 15$ to produce a barrel market setiment is improving,but just a rebound from big drop market needs some fiscal/or need to act strategy from governments to really get markets moving present positivity might! have a couple of weeks in it and earning season with 1/3 to go have a wild day
A-Plant has acquired the brand and assets of Rapid Climate Control, a leading specialist in the hire and sale of portable cooling,drying and and heat equipment. .Further to the recent purchase of Fral UK this takeover of Rapid Climate Control (estbd for 35 yrs) puts A-Plant at the forefront of the specialist climate control rental market in the UK This acquisition gives A-Plant a further 8 locations/outlets in UK and broadens A-Plants exposure to the events,facility management,media and data centres market and complements A-Plants existing climate control business(mainly construction/industrial sites). And good old fashioned cash flow. Ashtead's PSS Hire has added state of the art mobile winches for the installation/removal of overhead/underground cables,the only company in UK that offers this service USA data: empire state manufacturing index housing market index Market comment: EU needs to diversify it's financing system away from dependence on banks,like in USA where capital markets supply the majority of funds A better sentiment seems to be returning for the moment anyway. BUT as ECB/Draghi commented last year: ''volatility will be around for a long time and get used to it'' AHT sp is recovering nicely and let's see where market decides to place it. If there is some solid movement towards a reduction in the supply of oil then that will be a big +++ USA earnings recession reflects the higher wages paid by companies and that is a +++ AHT has been di$hing up some ta$ty dips in 2016 Stay behind the sp curve Have a wild day
anybody got any GOL£££££££££££££££££££££££££££££££££££££££££££££££££££££££££££££££££££ for sale Have a wild day
Banks certainly struggling. News out from Deutsche Bank was not good and I see Barc sp is still falling.
the only CERTAINTY amongst all this uncertainty is that a dysfunctional global financial system(suppressing the curve) is wreaking havoc Have a wild day batten down the hatches
Well, that was a quick drop today to your 750p. Just crashed through two support levels so I bought some at this point as indicators are that next couple of days should see a bounce in the markets
Trucking companies in USA transport about 80% of all freght revenue YOY to 2015 it's about 1.2% High inventories are the problem High inventories will affect trucking well after 1Qtr December however was OK USA data: Fed/Yellen speak Consumer confidence eia nat gas data jobless claims Have a wild day Business inventory to sales record is at its highest in 10 years
Hi Slipperyslope, The market has not decided yet what direction it is taking as many factors are at play It looks tempting at present sp BUT as Fed mentioned that equity/market turmoil could manifest itself in the real economy , causing uncertainty there financial conditions becoming more difficult for riskier companies outside the energy sector,like AHT/URI etc having to pay a higher premium for their loans due to the nature of their business rental rates fairly static used equipment auction prices falling off spend in the non residential construction has been flat since last july'15 skilled labour shortages oil still going south towards $25 maybe another hike from Fed Investor sentiment is that central banks globally cannot fix the mess on their own,the governments need to act also QE in USA has ceased markets illiquidity making markets very volatile When AHT went under £8 and eventually stayed there after closing bell,it may signal that market is taking it lower,so heading towards £7.50+ as there is no real catalyst for sp until Qly data in march This is a volatile stock even in the best of times and will the present turmoil be correction or bear It will be weeks before market settles as on analyst commented The trend is south for AHT at the moment. The market will gauge it from Qtr to Qtr It's a stockpickers market and AHT will not be on their shopping list-too risky BOL Have a wild Thursday
Have been watching this one for weeks and took the plunge at 14:29 thinking it would tick up after US markets opened - oops - it slipped back another 10 points! But United Rentals Inc. opened strongly and gained over 1% so hopefully some read-across for tomorrow. Seems to me to be harshly marked down at £8, but I guess March Q3 results will tell all. Here's hoping.....
Hi V100, Interesting times yet again. Been watching the Fed/Yellen coverage on Bloomberg. AHT looks to be at rather low level hitting a 2 year low. Lots of conflicting messages about everything. Looking at buying back some today as support being shown at 798p. Not sure whether to wait a bit to see how this week finishes. Bought some Netflix on Monday as that looked oversold and I thought that would bounce which it did.
Fed/Yellen ...Financial conditions have become less supportive of growth... Fed generally cautuious on economy in the moderate term
Fed/Yellen po$itive on economy and have not put hike in march off table,they will be data dependent on that hike which is a + French Ind [production uninspiring All eyes on how Wall St. goes Have a wild day WTI Oil goes below $28
S&P 500 finds support today will bode well as a good sign Market realises that some banks might be feeling the heat-NOT ALL Present AHT sp is a decent price going long and for the moment the floor looks like between £8 low and £8.25 Construction materials registered good data yesterday and investors got in Fed will be accommodative and of course theres BREXIT to get it all going again and Greece will is getting mention again UK industrial production stalled in 4Q Have a wild day
All ears on Fed/Yellen Market comment: ........... Bank Co-Co's were developed to protect joe public,HOWEVER when they were launched NEGATIVE interest were not envisaged zero interest rates........ Good old fashioned financial repression Deutsche Bank sp down 40% in Jan/Feb USA data: Yellen/Fed speak mba mortgage applications eia petroleum data EU data: industrial production Yesterday's US jolts(ie workers leaving a job to get another job elsewhere} came in well and a good indicator of economy General market Sentiment: Uncertainty and not going away in a hurry and protect your capital EU Banks have ample liquidity Have a wild day
Thanks vigilant, So a finger in the air job! :) DD
Hi Discodave, General trend of indeces fuelled on uncertainty of oil/banks/debt/recession(not USA/EU) QE no more! negative interest rates China/EM Currencies Uncertainty and illiquid markets Debt Mid 2014 SP was around £8 and volatility will be here for all of 2016 and more bad days to come Non residential is OK but headwinds of labour and economy slowing even more becaiuse Fed may hike too much This stock is volatile and caution is advised,they are now saying that oil could hit $20 Look at Redrow this morning-great results and at this inst its down close on 8% URI down nearly 4% When market is finished repricing we will end up around £9.70+ Its a perfect storm of negative ingredients at the moment Have a wild day
Afternoon Vigilant Any reason in particular for the 750-770? DD