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A-Plant acquires the accommodation fleet of speciality house builder McCarthy &Stone-due to expansive growth plans it's more cost effective to outsource their accommodation fleet requirements to the specialist accommodation division of A-Plant-and acquisition comes with a 5 year deal to supply Mcarthy & Stone with accommodation fleet and a tidy way to do business. This acquisition is a further part of A-Plant's strategic plan to supply accomodation units across the UK. It perfectly complements A-Plant's accommodation division and on offer to sites/customers will be temporary offices,toilets,showers,washrooms and complete contractor villages. A-Plant plans to invest a further £8 million in it's specialist accommodation division over the next 12 months. USA data: jobless claims pmi services factory orders ism non mfg eia natural gas Fed speak/janet yellen EU data: pmi comp/serv retail sales UK data: pmi comp/serv All eyes on ECB/Draghi City comment: ''Yield is the problem and negative bonds don't help and dividends/shares are the answer and all that money sloshing around will find their yield in the stock market'' Yesterdays US data came in OK and job number -ADP- better than expected. Fed yellen's comments yesterday were po$itive for US economy going forward for the next couple of years. Hedge funds going LONG on URI and shorters god love them also hungry for URI;CAT and machinery makers OIl stabilising maybe early 2017! Have a wild day and merry xma$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
ISM institute remain positive for US manufacturing despite stagnation and are expecting 2016 to be better US engine maker stocks in ''recession'' due to EM/China and strong dollar and market will dampen sp expectations for machinery stocks like AHT/URI despite stable US demand BUT companies are keeping a carefull eye on their costs and growing their businesses organically and acquisitions are not on their agenda or a lack of suitable ones. USA data: adp job reports productivity and costs beige book mortgage applications gallup job creation index Fed janet yellen speak EU data: ppi UK data: pmi construction EU data yesterday came in encouraging and ECB/draghi will stimulate as most expect December got off to a positive start and their seems to be a whi££ of $anta Rally in the air Have a wild and Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
QE helps companies to de-lever -keeps bonds and interest rates down- and encourages growth and great for stocks Heavy data week on the way UK data Monday: mortgage approvals consumer credit Have a wild day
A-Plant's recent store opens in Wolverhamptron persuing a strategy of servicing town centres and around cities serving the construction and DIY market USA data: pending home sales dallas fed manufacturing survey
So long as there isn't too much noi$$$e the sp should be around £11 low + on Qtly release on 9th.Decr Have a wild day
Chancellor Osbornes plans for enticements/incentives for affordable housing in yesterdays Autumn statement is good for Rental and service companies and UK economy A-Plant continue to enhance their fleet with a recent £2 million investment in eco friendly access plant
Editorial comment: Construction job gains more widespread in October and contractor associations again urge politicians at all levels to sort out the training requirements needed for construction industry expansion Pool of available construction labour seeking jobs is at it's lowest level since February 2006 Yesterdays data release in USA mixed and 75% sentiment that Fed willm move in December EU data so far remains encouraging Wall Street closed for Thanksgiving Have a wild day
USA construction spending for 2015 is 11% so far and yoy equals the 11% for 2014 and that was last achieved in 2004/2005 going on todays data release Main difficulty for builders/contractors is trying to source suitably skilled labour right across the site and optimism prevails for a good 2016 as well EU data encouraging USA data Tuesday: red book consumer price index Sentiment so far: Fed will hike in December so long as November job number is not a downer Have a wild day
Analyst sentiment: Fed Hike will remove uncertainty for investors both in EU/US/and also those interested in EM's and FOMC min's are giving a good signal of accommodation. Fed Hike will also be an endorsement of US economy. USA data: jobless claims leading indicators Bloomberg comfort index Philadelphia fed business outlook EU data: current account UK data: retail on line sales retail sales cbi industrial trends AHT sp steady and will rise to £10 high + or £ 11 before Qly data on 9th Decr and general Mkt also looking ok so far! for $$%an£a Rally Have a wild day
UK house prices to rise 6%+ in 2016 FCRM could be interesting Have a wild day
Editorial comment: Rental outlook remains positive over a '5' year period;2016 6.7%;2017 6.7%;2018 6.2%;2019 5.8% Rental companies can prepare/plan for steady growth and expand their markets,and build inventory to meet demand. Since the great recession companies now see the cost savings in rental and the secular shift to renting has now a sound base. USA data: mba mortgage applications housing starts eia petroleum figs Atlanta fed inflation expectations fomc minutes fed Dudley speak Have a wild day
US economy is healthy with low unemployment,2 1/2% wage inflation and good consumer confidence and hike in December looks on Non-residential construction growing at a moderate pace through to 2018 ++ and present Rental Sentiment is robust USA data: cpi industrial production housing data retail sales online Have a wild day
Recent news: Significant expansion in Scotland both for PSS Hire and FLG Services due to market demand and also to increase A-Plant's UK presence
CAT goes $th 4%+ and URI follows,also companies being shorted CAT exposed to emerging markets,a crazy correlation but that is how the market views it-''machinery stocks''! Oil speak ''US shale producers proving to be a very hard nut to crack'' as one analyst commented...'' if Libya stabilises and their production recovers then it will be interesting in 2016'' AHT sp very buyable from low £9 and returns again to £10+ overtime and a tidy spread and $$$$$$$$$$$$$$$ Sit on the fence and wait UK GDP this am Have a wild day
Growing demand in non-residential construction creates 30000+ jobs in October as skill shortages keeps number subdued Washinton gives thumbs down to Keystone pipeline from Canada to US Gulf after 7 yrs of wrangling-''not in national interest''- as Obama comments on Friday,and URI steady and ri$ing on same day I find it curious on URI's CEO remarks in May on soft earnings and especially when URI are going on a 'buyback' which was a contribution to the' big drop' on sp URI hit about 60$ and a tidy earner for the deep pockets URI will take AHT with it and this job number is a boost going into December September job number was a 'fluke'as one analyst commented Market reaction on Friday was encouraging and VIX declines and 10 yr Treasury yield goes up Have a wild Monday
US employment figures for September were pretty disappointing. The markets had hoped for 200,000 new jobs, instead they only got 140,000. Still, maybe the unemployed will stay at home and do a bit of DIY, which won't do AHT's SP any harm.
US small business create 37000 jobs in September US companies account for 37% of the global equity markets and it's population is 4% of the planet BOE/carney predicts US GDP to go 2+high % for the next couple of years Fed's / Yellen remarks of 'solid economy' is good for investors/market UK interest hike mid 2016 maybe! General sentiment is developed economies will continue to grow but mediocre USA data: non-farm payroll jobs consumer credit German industrial production declines this am UK data: industrial production manufacturing production URI moving nicely and 80$$$$$$$ ++ is on AHT looking comfortable Yesterdays Highway and Transit Bill-thank you $$$an£a Also speak from lawmakers of all persuasions is that US infrastructure needs domestic priority All $weet news for Market Job creation in non-residential being hindered by skill shortages right across the site US jobs today predicted about 185000 As one economist put it we are not in a crisis anymore,Fed will in December unless job figure today is poor and some are saying it could be less than stellar With the data that Fed can access I suppose they may go in December and as economist put it there can never be a perfect time A hike will be good for markets as one analyst commented and good for banks releasing money for investment Fed speak also today Have a wild day
US Transportation/Infrastructure: Washington/House- Senate approve ''Highway&Transit Bill'' Will release about 350 billion $$$$$$$$ to Federal states for infrastructure projects and covers about 3 years A very fine boost for the Rental Sector Time for a pin£ Have a good night
I reckon the SP should hit 1189, but will probably take 5-6 months to do so.
US auto sales highest since 2005 Manufacturing between expansion and contraction-weak global demand and high level of domestic inventories USA data: adp jobs mortgage applications job creation index international trade crude oil inventories Sentiment from some quarters is that low crude oil price is in the rearview mirror City comment: ''too much regulation preventing investment in growth'' EU data: pmi various UK data: pmi services brc shop price index City comment: ''we're kind of stuck,QE has encouraged speculative activity to the detriment of investment in growth/real economy'' With oil price looking better AHT/URI moving again,also the market applied to hefty a correction in August/Septr and URI's Qly data also coming after a decent Qtr from AHT sp £11+i$h going into December Have'nt seen any acquisitions from AHT recently and therefore the company is satisfied with it's organic plans and earnings and therefore no need to buy growth,one $lant that the market would be comfortable with. Have a wild week
Contractor comment: ''The sad fact is that our educational system is doing a great job of preparing students for jobs that don't exist and a lousy job of getting them prepared for high paying jobs that do exist. Until we have an educational and training system that is aligned to economic reality construction projects are likely to cost more and take longer to complete'' USA data: pmi mfg ism mfg construction spend EU data: pmi mfg Germany data: pmi mfg retail sales UK data: pmi mfg Recent pmi from china not surprisingly negative Heavy earnings data week for US AHT/URI sp getting steady again and November the uptrend continues hopefully! Have a wild and profitable week Have a wild and profitable week
Consumer data has come in fine attributed to low ga$/and job$ and consumer spend is over 70% of US economy Public/Federal spend is tepid and ''uncle sam'' borrows around 1 million$ every minute for every day/365+ Market comment: ''after a stellar October the market is feeling more comfortable with china situation but global demand falling off'' merry xma$ merry xma$
Market comment: ''from now to December it's all Fed.will they go! and markets will be fickle'' October and November job numbers + wages need to come in good and Fed will be data dependent BOJ ready to ease in Jan'16 aas of this am USA data: employment cost index personal income and outlays Chicago pmi Main contractor headwind in a favourable non-residential sector are skill shortages all across the sites From now to December as one analyst commented: ''Market will go sideways and up/down'' Good day to all
As one fund manager described market: ''If market could talk it would probably say-''all is fine for awhile but not convinced'' China's recent moves to get more credit to economy well received. However the debt ratio to GDP will rise as in Japan in the 1980's/90's and will be a cause for concern as one analyst commented USA data: home sales dallas fed mnfg survey Germany data: ifo business/economy data UK data: bba mortgage applications Some light may emerge on the long awaited US Transportation Bill this week to get funding agreed by Congress to start working long term on the ailing US infrastructure,but the gridlock may persist ''come on fellas get those machines fired up we've got highways to build'' Good week investing to all
HSS Hire looks a string buy to me at present - any views ?