Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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UK construction product manufacturers both light on heavy are on 90%capacity on strong domestic demand and rising wages and look forward with upbeat expectations into 2016. Exports however weakening due to strong £ UK data: industrial production manufacturing production Germany: industrial production USA trade deficit widens due to strong dollar and exporters shedding jobs China: Fund Manager comment: ''China manufacturing experiencing the loss of the high end-automation- moving to USA and EU and low end to Bangladesh and Indonesia'' Volkswagen recalling autos in Jan ' 16' Oil surging Fed Hike March!!! 2016 Good day all Good day to all
Market comment: ''....rate hike probably 2016 and a accommodative Fed is the cue for stocks more than the fundamentals of the economy''.... USA data: trade defecit Analyst comment: ''everybody is depending on the Fed,but what is needed are policy makers to help out and greater capital investment'' China: Main benchmark market indices have an average P/E of 49! Analyst comment: ..''in 1990 emerging markets were having a rough time,but S&P 500 had a stellar year''.... Good day all
Construction comment: ''US construction has risen 13.7% in 12 months to end of August.Highest in 7 years. .......Non residential construction has seen activity across the board to about 12.3%'' ''Shortage of skills may contribute to more expensive and longer times for completion of project'' US data: ism services ism non manufacturing EU data: pmi/ism data retail sales UK data: pmi General sentiment reflects a positrive outlook on equities. Companies forming bases before 3Q earnings release. Good day to all
Market comment: ''US consumers and construction fueling US economy'' USA data: Jobs non farm payroll - approx. 200000 EU data: ppi UK data: pmi construction United Rentals had a higher than usual daily dollar trade yesterday which drew speculation that a catalyst is on the way . URI recently upgraded Asia positive and all is green so far! Good day all
Editorial comment: ''Federal funding uncertainties and labour shortages causing a decline in construction jobs in 153 metro areas out of 358'' US data today: construction spending pmi /ism manufacturing employment data Bloomberg consumer confidence good day all
China PMI encouraging as a bottom is maybe here!!! investors enthu$$ed 3Q 11 trillion$ lost on equities It's all green green green lads and plenty of highway ahead of us EU PMI @ 0900 United Rentals August earnings came in slightly better than expectations Rent pricing fairly static If interest arrive they will be gradual hopefully,looks like it anyway Market comment: ''EU and US equities and developed markets are good bets on fiundamentals'' US Auto sales released today Good day investing to all
A-Plant places 3£ million order for excavators of various sizes with Kobata to meet increasing customer demand USA market comment: ''Spending remains healthy and inflation dormant as US economy continues to expand and Fed will be in no hurry to hike till 2016'' USA data: case shiller house price index consumer confidence Good day all
Hi Slipperyslope, It's a case of sitting this one out till the market settles and some decent companies are available at decent prices Oil and biotech are pulling the markets down in USA However the sentiment for market investing remains positive ECB meet next week and also non-farm payroll and opinion is that the situation will be volatile + The market has only one way to go when things bottom out,nice and cool at the moment and I hope it becomes more cool Best of Luck
Hi V100. I also note last week on full report on Bloomberg that Caterpillar Inc slashed its 2015 revenue forecast on Thursday and said it will cut as many as 10,000 jobs through 2018, joining a list of big U.S. industrial companies grappling with the mining and energy downturn. Not looking good. I have therefore been buying up shares in NMC as looks to be something that will avoid the downturn in these areas.
Deterioration of construction in emerging markets bulldozes into JCB and 400!+ reduncies on the way. Fed UNCERTAINTY strong $$$ commodity turmoil crazy interest rates global debt QE! Transitory year!! Japan has been in a quagmire for 20 years. Volkswagen looks tempting going long Good day all
Editorial comment: ''.......25 states added jobs between July and August and hiring qualified workers is a problem for contractors.......... .....Labour Dept data/construction spend and industry reports suggests demand for projects remains very strong,but finding suitably qualified workers.... ....more hast be done to attract future interest in taking out a career in the construction industry''.... USA data. durable goods initial claims new home sales EU data: german gfk consumer confidence german ifo data/various Good day Thursday all
Analyst comment: ''I remain convinced that companies with secular growth,meaning not dependent on a stronger economy will blossom''. A strengthening construction sector is an economy bright spot and offsetting weakness in the export oriented manufacturing sector as one economist described. Housing permits a sign of future demand is up 7.5% from a year earlier with strong demand for family multi units and apartments Germany data: producer price index UK data: nil Recent nationwide survey reveals that 86% of contractors have difficulty in filling craft and salaried jobs as construction demand increases. Good day investing to all USA data: existing home sales
Economist comment: ''Markets should not dictate Fed policy/decision'' ''QE has seen a massive re-distribution from savers to debtors,bring back the savers,yes for Fed hike'' ''QE and 0% interest rates were supposed to reduce global debt it has increased it dramatically'' ''QE does not prevent deflation'' Fed hike already factored in to markets and if they go will give a very positive signal to markets on state of economy. China has 3.6trillion $ in Fx reserves and other levers/tools at its disposal Fund manager comment: ''Global macro is weak and any shift in US interest rates will have an amplified effect'' UK retail sales come in as expected Good day all
Analyst comment: ''Advanced economies central banks that have in recent years raised rates have had to reduce them again'' ''The problem for inflation is global overcapacity'' Editorial comment: FedEx trims outlook on weak freight demand. Fed Ex freight segment flat on weaker than expected economic conditions in manufacturing and global trade. Dow Transports: 8183 and flat for about the last three months. Ashtead/A-Plant: 14th. Septr Has recently taken delivery of 3 million £ of access equipment from Skyjack as it continues to enhance it's access portfolio. USA data: Philly Fed index housing various initial claims FOMC speak 2 million jobs remain unfilled in USA because of skill shortages Good day all
United Rentals to present at the' Citi 2015 Industrial Conference' on Septr 17th. USA data: ny empire state index retail sales retail sales ex-auto industrial production capacity utilization Fed hike not likely in September-general sentiment FOMC begins Wednesday till Thursday Good day Tuesday to all
City Investment CEO comment: ''Our strategy is to go overweight on equities.We are not day traders or one week movements.We plan long.We believe the long term value is in equities as opposed to US treasuries. Fed and BOE will eventually raise rates sooner or later and there will be huge pressure on debt instruments throughout the markets and also I think it's a bit of an unfortunate scenario where it's the end of a tale where retail investors are probably chasing institutional investors so one is likely to see these funds swings I think turn around and more money come back into equities. One example of that is in the UK where for 12 consecutive months we have only seen one net inflow into equities,but in the past 2 months we have seen inflows,so in the coming months one will see more inflows into equities. One could argue of course with the present volatility,why not hold out in treasuries even for a short time,but the crucial point is that it doesn't really matter when the rate hike happens.What matters is the rate of these hikes. It's true that it's going to be lower for longer,but it doesn't mean it's going to be low forever. One really doesn't know how the hikes will go,things could happen very fast. We are planning long and a return to normality,we are planning for the hikes to happen,the rate at which they happen will be the crucial point''. This week there's been a 19 Billion$ outflow from equities and 4 week outflow total of approx. 46Billion$ News from China this morning continues to signal problems with industrial production and fixed asset investment sliding and the fear! of the ability of PRC to handle the situation and rerstore confidence EU economic data Monday: Industrial production USA data: treasuries NYSE listed Palo Alto netwoks a cybersecurity star and has a lot of flying to do Good day Monday to all
In the rental business when the market looses confidence in your operation you go down quic£ Good to see share price go over £10+ again and hopefully the FOMC speak will be received positively Recent: Non OPEC suppliers production to $ink Oil drop$ again on latest Saudi move not to participate in any emergency OPEC meeting and still pumping away Transitory times Good day investing to all
General trader sentiment: Recent lows will be tested again if the Fed fails to communicate a clear message to the market at it's next FOMC. Once the Fed hikes it's a very strong positive signal to Market that economy is fine and it's all up and away again.
Veteran investor comment: ''Find bargains at discount prices and forget about building up cash'' ''S&P 500 to rise about 11% over the coming months'' General sentiment is that volatility will persist until a clearer picture on how Fed hike! and emerging markets affect earnings. Companies with continued decent earnings will be brought up by the market. First correction in 1000 days for a overvalued US market. USA data: initial jobless claims wholesale inventories import/export price indices UK data: rics housing survey boe speak US imports more than four times what it exports (9%)to China and the recent devaluation of Yuan can only be a plus Good day investing to all
Editorial comment: ''Capital flight is China's new confidence problem and investors are not that impressed with China's G20 reassurances and are voting with their feet'' China's export figures for August released today and markets could react negatively
Analyst comment: ''China has a debt overhang across the board which is rising exponentially and needs addressing/or could lead to credit crunch or systemic failure in 2016'' ''Chinese stock market still too highly valued and could fall to about 2000'' G20 sentiment is that China has to come clean as to the true state of their economy. Portfolio manager comment: ''We advise our wealthy clients who want to preserve and increase their wealth to invest on the long view and in a Bear market'' US data: consumer credit Germany data: balance of trade current account retail price index EU data: gdp UK data: brc sales monitor Good day investing to all
Hi Slipperyslope, Great move today. Maybe somebody told Market that the company name is not United Rentals The Beige Book when it began in 1970 was red and its first release to the public in 1985 the cover was beige and since it's been called the Beige Book Beige Book is published 8 times a year and is a regional economic survey including bank data etc etc and interviews with key people and is valuable for Fed decision making.Todays Beige Book reflects a more optimistic economic outlook. USA data Thursday: initial claims trade defecit ism non manufacturing EU data: pmi ECB interest rate retail sales UK data: pmi composite pmi services Ashtead hopefully will find a ta$ty bolt-on in the 2Q Good day investing to all
1000p even!
Did 980p just now!
Ashtead Group (AHT) led blue chips up with a 4.91% gain to 962p on a strong Q1 with underlying pretax profits of £161m, up 23% at constant exchange rates on the prior year. Underlying EBITDA rose by 25% to £282.7m and underlying operating profits were also up 25% at £180.2m