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Fund manager says $anta rally runs from last trading week of 2015 into the first 2 trading days of 2016 ....money flowing hopefully!out of fixed income and into equities for New year and should make for more liquidity ......divergence on both sides of Pond will make for market tension in first half of 2016 Today market looking closely at consumer spend/sentiment So why is consumer not spending as much as was anticipated;paying off debt;health care/insurance,saving some more US data: housing data durable goods eia petroleum data Merry Xma$$$$$$$$$$$$$$$$$$ Have a wild day
RICS this am forecast continued strong construction demand and house prices to rise approx. 6% Po$itive news from China and infrastructure is part of plan and good for the Caterpillars of the world and rental sector share prices UK Tesco: Investors not really impressed and heading for exit,sp @18 yr low and factors such as wages amongst a few will put company under more pressure in 2016 Have a wild day Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$$$
US construction reflects widespread growth in November USA data: Chicago fed national activity index Hi santa,how about a life changing dip followed by a life changing rally,thanks Have a wild day Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Editorial comment: Construction activity and eqiuipment rental expected to continue strong into medium term.A recent Wells Fargo finance survey revealed a sense of optomism that has prevailed through 2015. Two themes that have played out in 2015 were strong rental demand and equipment acquisition although at a pace that most industry participants would like to see more accelerated than is currently taking place. The recent Highway Funding Bill will have a positive impact for manufacturers,distributors,rental companies and equipment end users .Banks and independent finance companies that rely on this industry to deploy longer term capital will benefit. Positive growth numbers for both residential and non residential construction are good indicators that all is healthy going into 2016,however a note of caution for the slowdown in the energy sector prevails as the rig count is 59% down YOY resulting in equipment being deployed elswhwere has created downward pressure on rental rates and used equipment sales. Rental has benefitted from unpredictable work backlogs and projected business activity levels which in turn have contributed to unwillingness by contractors to commit to equipment purchases. Some end-users whose financial conditions remained weakened by the economic downturn are still relying heavily on rental. Broader OEM (original equipment manufacturer) support for increased rental activity in their dealer networks has also boosted rental . The likelihood of high single digit growth in non-residential construction medium term should be a positive signal for OEM dealer rental distributors as well as general rental houses which have seen dramatic growth in the last few years even with unsteady construction spend. Some dealers believe there has been a more permanent shift to the rental industry USA data : Philadelphia fed outlook current account leading indicators money supply Bloomberg consumer comfort index Have a wild day Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$
Fed hike generally factored in German recent data reflects a $olid end to 2015 ECB 2% inflation target calculates at oil being at $55 !!!!!!!!!!! a barrel and oil is well off that,meaning loads of stimulu$ EU data this am suggests EU going into and optimistic for 2016 AHT steadying around high £10/£11 low and that is a po$itive, USA data: mba mortgage applications housing starts eia petroleum data pmi manufacturing index flash FOMC Fed decision maybe a $anta rally! Have a wild day Merry Xma$$$$$$$$$$$$$$$$$$$$$$
Editorial comment: ''millenialas to kick start first phase in housing boom'' ''EU auto sales up for 27th consecutive month'' ''Yellen/Fed an orthodox economist/banker in unorthodox times'' USA data: cpi empire state mnfg survey red book housing market index FOMC begins it's meeting today Merry Xma$$$$$$$$$$$$$$$$$$ Have a wild day
should read: .... is around 37% up....
YOY demand for houses is around 37% and 2016 will also be good with rising prices No interest hike in UK for 2016 Average London cabbie is saving about £2500/3000 on fuel costs-$erious discretionary income Have a wild day
should read : Used equipment auction/ sales record a 0.6% decline....
Used equipment also contriauction/sales record a 0.6% decline but still higher by 4% YOY but now declining for approx. 6 months mainly attributed to fall off in international demand,strong $ also contributing and and an excess of plant from badly hit oil/gas sector. US data: Nil EU data: industrial production UK data: nil Politics/far right le pen SINK in France,and SarkoZzzzzzzy may re-emerge and Jesus Wept All about the Fed this week Have a wild week Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
off topic mentioned fcrm on 18th novr when 20 p this am 29p could be a $tellar perform£r in 2016 Merry Xma$$$$$$$$$$$$$$$$$$
Market news: Global glut in oil/commodities feared as prices go south and deflationary pressures making markets nervous Fed hike is ON and could be followed by some turbulent times,like the taper tantrum in 2013 and some decent companies will present some enticing prices AHT could move more in the right direction for awhile Fed Hike announced on 16th Decr USA data: jobless claims money supply import/export data UK data: balance of trade rics housing survey Have a wild day Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Ashtead makes headway while its Sunbelt shines in US Tom Knowles Published at 12:01AM, December 10 2015 The recovery of America’s building industry, and the changing face of construction across the United States, has helped Ashtead Group to both increase its half-year profits and raise its guidance for the full year.
.....but plenty of short positions and $wee£ return$$$$ Mr Questor
Questor Ashtead shares jump on 20pc rise in profits Investors cheer the strong trading for the six months ended October, but we wouldn't chase returns from here, says Questor
Investec have a decent target on these - http://www.risersandfallers.com/2015/12/09/ashtead-group-plc-lonaht-receives-buy-rating-from-investec-analysts/
US Transport Bill being approved is an indication that US is getting $tarted on it's infrastructure US economy is doing OK and construction generally is $ound and good for any economy Market $entiment this AM is that the calm in markets is not convincing AHT sp going long and patience,£15 + over the next couple of years. and lots of dips to hoover up,be patient and wait for a good one with your dip/plunge alloca£ion. AHT a superb $wing $tock and sp grinds it's way £orth overtime 38 new locations opened in USA so far and A-Plant storming along Drabble and co a $avvy outfit Merry XmA$$$$$$$$$$$$$$$$ A$htead
Rental revenue 18% Pre tax profit 21% ROI 19% EPS 24.1p Dividend up 33% Net debt to EBITDA ratio of 1.9 CEO: ........''both divisions performing well..........''full year now to be ahead of previous expectations''.......Ashtead remain confident into the medium term''..... Another set of decent results. $anta come on down it's time to ro£££££ Market needs to settle and then we will get some s£eady movement again in sp Have a wild day Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
With oil falling and volatile market indeces not the ideal setting for qly earnings release on Wednesday. URI down 5%+ Saudi's production cost on one barrel of oil is about 6$ and they are gunning for the frackers US stocks forecast for 2016 is mixed but generally positive and with job growth and wage growth on the increase. USA data: small business sentiment red book- a weekly measure of consumer spending EU data: gdp UK data: brc sales monitor industrial/manufacturing production Have a wild tuesday
US non farm payroll jobs:Construction came in with 46000 and out of that total non residential created 13900 and 131200 yoy to November an increase of 3.4%. As one economist commented that the recent passage of the '5' year Transportation/highway/infrastructure Bill and soon to be signed off by Obama,will give local and state officials the certainty and focus to plan larger multi year projects. $ 350 billion has been allocated which will be given to US federal/state governments to fund much needed state infrastructure projects/civil and heavy engineering. For the past two decades a short term /gridlocked funding to states has resulted in the US of a serious infrastructure decline. There now seems to be an encouraging sense of priority across the political divide that the US infrastructure has to be addressed on a continuous basis US job report indicated a broad demand for workers,but job participation and wage growth increase indicated that the rate of interest hikes will be gradual and investors sentiment will remain positive for now and the US economy going into 2016 is resilient. Have a wild Monday
Inside the City: Ashtead keeps tools ready to strike gold Danny Fortson TRICKY TIMES ahead for Ashtead. The FTSE 100 renter of equipment to the construction industry... Published: 6 December 2015
Hi Jonny, Qly AHT earnings will be good But not the best of times as market is making it's mind up and then everything is fine for awhile Fed rate hike no big deal,but what concerns the investor is the rate of increases over time and how it impacts on their ability to service their debt ratio to ebitda and their continued profitability,but AHT are a £ound company Share price will go north for awhile!and then a lazy bouncey algorithim Jonny any interesting copmapnies worth a Be£ City comment: ''QE and interest rates,what we need is inveastment/real money and theres plenty of it $lo$hing around'' $anta Rally well lets hope it starts firing again and there's plenty time left,so market hopefully will settle Non farm payroll today about 200000 and hike ensues and get back to normality Fed doesn't hike all hell breaks loose ECB already has purchased! 1.5 trillion Euros and EU is doing OK and German factory orders up this am Have a wild day,merry xma$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Hi all, Any idea what we are expecting from the earnings release on the 9th? Good/bad/average? Thanks, Jonny
for those wondering about yesterdays bounce,welcome to AHT,it's all about acro$$ the Pond Credit Siusse's recent forecast is about right A-Plant doing A OK and continue to do so,but a small player in AHT's rental business City comment: Market volatility will ensue with divergence in central banks for at least the first 6 months of 2016 USA data: non farm payrolls international trade
cityam 4 December 2015 1:37am ASHTEAD GROUP Exane BNP Paribas has downgraded its investment rating on equipment rental company Ashtead Group to “neutral”, from “outperform”, and set its price target at 1,100p, from 1,064 currently. From a total of 15 analysts covering Ashtead stock, 13 rate it a “buy”. The recent low construction numbers have weighed on the industry and analysts note the gloomy sentiment in the UK equipment rental sector is beginning to bear on Ashtead’s UK rental revenue business.