Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Results out tomorrow so with those large buys gone through I would expect them to be good with a short term rise here then AHT to follow the rest of the US markets. All looks like it will be a very volatile period to come. How say you V100?
USA data OK but inflation declining,Fed hike may now be December. Data Tuesday: ism manufacturing domestic vehicle sales construction spending UK data: consumer credit mortgage approvals money supply
A-Plant has ordered a variety of 320 diesel generators that are EU/DEFRA Tier 3 emission/oil pollution compliant and operate with an ultra low noise facility. A-Plant says it continues with its innovation and fleet enhancement growth model to offer customers the very best.
Market comment: ''Market to fall further as their is no catalyst to take them higher,historically it would be the Fed easing,but the Fed is out of bullets and has no additional liquidity'' ''Market still 1.4 trillion$ in red after rally'' ''China has a highly leveraged construction sector and unsustainable debt levels after 7 years of borrowing and is the real reason for market crash'' ''Chinese stock market operates like a casino'' ''One risk the Fed is only too aware of is that they run the risk of destabilising the global financial system if they hike in September'' ''The recent rout is not because of the US/EU economies,the cause are the emerging economies and the absence of a credible and stabilising 'circuit-breaker' ie,a Central Bank like Fed and ECB and BOE'' Oil comment: Oil moving again will be a welcome catalyst as one commentator put it,BUT that is not expected till the back end of 2016/or early 2017! What did Draghi/ECB say some months ago: ''Volatility is here to stay and get used to it'' Jackson Hole get together starts today and will give Markets a better idea on what lays ahead! But all will change and blue skies for all when Donald Trump takes over ''viva el presidente'' USA data: pending home sales initial jobless claims gdp EU data: m3 money supply Market comment: ''A lot of new money is fence sitting and those invested are pruning and lightening up'' Good day investing to all
Market comment: ''It will take some time for confidence in market to re-build'' US consumer confidence data came in surprisingly well. US Housing data came in well. German IFO data came in well USA data: crude inventories durable orders
Market comment: ''Big drop in early trading was intensified by cash strapped Mutual funds selling stocks to pay redemtions'' ''Chinese have botched their handling of Market so far and have not the ability to do so'' ''If US economy/recovery is in danger/destabilised then it's QE 4 and it's the only tool the Fed has got'' ''A lot of happy portfolio managers scooping up good companies'' ''When energy falls/oil the market follows'' ''Global deflation is making global corporations very cautious'' ''If the Chinese have made mistakes running their economy how can they be expected to sort markets'' ''The IMF warned about devaluation/currency wars and they go ahead and do it anyway'' ''Warren Buffet isn't selling he is BUYING'' Sentiment from some is that selling could go on for weeks. Shanghai presently down 4% A very tasty rebound could be on the way. Stocks were going nowhere for months and now the opportunites are materialising again. Good day investing to all.
Market comment: ''Investors will be watching! how the Shanghai index performs on Sunday night/Monday morning and if it doesn't look good then Monday the sell off intensifies'' ''Correction or bear market or global recession on the way and Vix jumps 40%+ on Friday'' Can one really trust a communist state to give truthful market data,but one thing for sure is that investors fear that the China economy could be in more trouble than their prepared to admit. USA data: treasuries various UK/EU data: nil Fed member Dennis Lockhart speaks on Monday in Berkley By the end of the coming week we most certainly will have a CLEARER horizon on how the Market digests all of this. It could be corrected and cooler Markets and buying opportunites that investors have been waiting for or it it could be very noisy and ugly. Have a safe investing! week
US labour data suggests labour market on mend Philly Fed index came in well for manufacturing Existing home sales good Moderate economic growth for remainder of 2015 for US Wall St nervous! 1.commodities 2.currencies emerging markets 3. oil 4.china Fed hike not coming due to Fed fears of global deflationary pressures,maybe December Another red day is on Futures Good day investing to all
Editorial comment: ''For all the talk of consumer sentiment,retail sales and other measures of consumption,it is income and employment that drive economic growth.Personal consumption is simply the final transaction in the economic value chain,it is an effect of economic growth not the cause. In the absence of new jobs or higher real incomes,consumers cannot increase spending without drawing on savings or borrowing,both unsustainable sources of growth. The real driver of growth in jobs and wages is private- sector capital spending,also known as capex.Growth in capex appears robust-up 9% per year- if you look at it since the bottom of the financial crisis. But this masks the reality that compounded growth has been slightly more than 2% since the pre crisis peak.That's anemic by long term historical standards. The hoarding of cash by corporations continues apace with a new record set for balance sheet cash in 2014.While dividends and share repurchases are expected to deliver more than 1 trillion $ to investors in 2015.This is cash that is not being invested into growing businesses. Employment has recovered to slightly more than its pre crisis peak,roughly in line with capex.But when one looks at job participation in the US labour force it highlights a significant amount of slack remaining. Private sector capital allocators have been demonstrating their sceptical outlook since 2000.From 1994 to 2000 capex grew 13% per year,but since then it has grown only 5% per year. Until companies begin to view investment in their own businesses as more attractive than engaging in mergers and acquisitions or returning cash to shareholders,jobs and real growth will remain sluggish. There is little hope for US GDP expansion above 2%+ in this present scenario and global headwinds will only excaberate the growth challenge'' USA data: cpi core cpi crude inventories fomc minutes EU data: balance of payments Good day investing to all
Having just spoken with AHT, I can confirm that the results are Wednesday 2 Sept and not Tuesday as indicated in the RNS.
ASHTEAD GROUP PLC - 1st Quarter Results PR Newswire London, August 18 Ashtead Group PLC 18 August 2015 ASHTEAD GROUP PLC Announcement of Q1 Results Ashtead Group plc announces that its first quarter results for the period ended 31 July 2015 will be announced on Tuesday, 2 September 2015.
Thanks V100 for your continued reports which are very interesting. Will also be interested to see how 1st Qtr results for AHT look which should be out at beginning of September.
Editorial comment/credit traders alarm bells: ''Bond buyers are less interested in piling into notes that yield a historically low %3.4 at a time when companies are increasingly using the proceeds for acquisitions,share buybacks and dividend payments.The Fed is likely to raise rates soon,ending an era of unprecedented easy-money policies that have suppressed borrowing costs. All of this has corporate-bond investors concerned enough that they're demanding 1.64 percentage points above benchmark government rates to own investment-grade notes. Credit traders have an uncanny knack for sounding alarms well before stocks realize there's a problem -2008-this time may be no different.Investors have yanked 1.1 billion $ from US investment grade bond funds last week,the biggest withdrawl since 2013 according to data recently compiled.Dollar denominated corporate bonds of all ratings have lost 2.3% since the end of January,whilst the S&P 500 index has gained 5.7%. Unlike the credit market,the eqiuity market well into 2008 was very complacent about the subprime crisis that led to a full blown financial crisis.While we are not predicting another financial crisis,it is important to keep highlighting to investors across asset classes that conditions in the high grade credit market are currently very unusual'' USA data: NY empire state mnfg index net foreign purchases EU data: balance of trade Market comment: ''HSBC predicts a year end recovery'' ''Todays Japanese GDP figure may further unease markets on global economic recovery'' ''France Q2 GDP came in stagnant'' Good day investing to all
US construction employment at highest level since 2009 and construction unemployment at a 14 year low However skilled and suitable labour is becoming a significant problem Labour shortages could impede projects going ahead and affect investment
She's a bouncey girl! ;Editorial comment: As earning season draws to a close 75% of those S&P 500 that have reported in so far have been satisfactory and US starts 3rd Q with more optimism that economy is stronger than previously thought. Data today was encouraging and retail sales indicative that consumer spending is kicking in and up 3% yoy. Inventories data indicate business are positive about future prospects. 9% of US exports go to China In the past year close on 250,000 migrants have come to UK-houses,houses,houses! Maybe! Fed may move in September. In the past year major oil companies worldwide have had 400 billion$ wiped off ther market cap.
Thanks for your regular postings, do read them, as I guess many others do to. Thanks. DD
A-Plant has bought 200 boom and scissor lifts from manufacturer Genie as part of its major investment in its access fleet-circa 6million euros. These new machines are telematics ready and will have a broad rental appeal to all sectors in economy. Uk data: Unemployment US data: crude inventories mba mortgage applications Eu data: industrial production Market comment: ''we are entering a protracted bear market'' ''its a stock-pickers market'' China could only flog the figures for so long,but at the minute it all looks fairly ominous until the fog lifts so to speak. Fed may move in September,but data dependent!-retail/industrial production/non farm jobs before FOMC Good day investing to all
A-Plant invests a further £4 million in fleet enhancement. 1.Traffic management 2.Ride-On roller compactors for construction sites etc Good day investing to all
Market comment: ''ADP came in at 185000 private jobs and lowest in 3 months and points to possible lower non-farm payroll which is government and private sector and should influence Fed decision'' US data: initial claims UK data: boe speak industrial production manufacturing production new car registrations EU data: factory orders germany pmi germany pmi retail pmi retail eu Greek banks sink 64% in 2 days Oil futures below 45%
Market comment: ''General consensus among market participants is that Fed hike will come in September,and overnight comments by Fed member Denis Lockhart suggests so'' USA data: ism services index trade balance crude inventories mba mortgage applications EU data: pmi composite eu/ger pmi services eu/ger retail sales eu UK data: brc shop price index pmi composite pmi services official services Analyst comment: ''There is a structural shift with China slowing and EU and US not taking the slack'' ''Countries will have to stimulate their own domestic demand with commodity support gone. Good day investing to all
Greece business exodus hits epidemic levels and capital controls intensifies it. Another general election could be on the cards. As one commentator put it,GREXIT is only just delayed Good day investing to all
Market comment: ''Investors in risk off mood ahead of non-farm payrolls on Friday'' ''A lot of randomness in equities will prevail'' Editorial comment: ''Weak data across the board from ISM manufacturing,construction spending to personal spending'' Construction spending came in well below expectations and oil sliding As one oil analyst put it,all these companies big and small from oil/gas to mining,invested heavily in the boom times and have large bank debts to service,they have to keep on pumping and digging. Market sentiment from some is that Fed will be data dependent and wait till December. City sentiment from some is that Fed will move February 2016. The sooner the better,''come on down September'' OIl slides and URI slides. USA data: factory orders EU data: ppi - producer prtice index Economists not too sure what is going on.!! How about SAD-seasonal affective disorder,can somebody switch on the sunshine
Fund Manager comment: ''Years of low interest rates have created a horde of zombie corpotrations and central banks need to realize that near-zero rates aren't a cure for what ails the economy. Because BB-B and in some cases CCC rated companies have been able to borrow at less than 5%,a host of zombie and future zombie corporations now roam the real economy. Even for higher rated companies cheap debt is funding a boom in stock buybacks rather than encouraging investment and job creation,buybacks are running at an annual rate of $1.02 trillion,well above the 2007 high of $863 billion. BIS-Bank of International Standards- states that persistently low interest rates can inflict serious damage on the financial systems and sap banks interest margins and returns from maturity transformation,potentially weakening balance sheets and the credit supply. Also ultralow interest rates undermine the profitability and solvency of insurance companies and pension funds,and can cause pervasive mispricing in financial markets'' USA data 3rd Aug: construction spending dpi - disposable personal income personal savings rate personal spending core pce inflation pce inflation ism manufacturing index domestic vehicle sales EU data 3rd. Aug: pmi pmi Germany retail sales Germany URI sp fairly well in the ''mud'' AHT sp moving again and recent financing data/info a vote of confidence in AHT business model and progress going forward. When will sp get back above £12+ ! again?- Santa Rally into 2016-optimism Will the Fed move in September? the big guns think yes. Recent cost of employment index data doesn't help the 'yes'camp and Fed The Fed may move anyway and the markets will benefit as one analyst put it,there will never be a perfect time. Any move to fix the' great distortion' is a move in the right direction and a welcome boost for banks/stocks Good day Monday
Market comment: ''Relative strength in consumption data,along with an expected cessation of weakness in business spending and improving inflation metrics should keep the Fed on track for rates hike in September'' USA data: chicago pmi university of Michigan consumer sentiment Eu data: unemployment international reserves UK data: consumer confidence Good day investing to all
Market comment: ''Fed remains doveish and data dependent and states solid gains in job market,maybe September/later'' ''We've had some good earning reports today and transport stocks are rising for the 2nd. day in a row,with UPS contributing.We view that as a positive'' ''9% of our exports go to China which is about 1% of GDP'' ''Many deals in shale/fracking going forward as the majors close in on the independent producers'' USA data: initial claims gdp imports/exports dpi - disposable personal income bloomberg consumer comfort index EU data: business climate indicator unemployment rate Germany Good day investing to all