The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Following the URI Qly release CEO tells investors that non residential construction ''is hitting it's stride'' and especially the commercial segment.He also expects 2016 to be better than 2015 and continuing through 2017 led by the commercial segment. Economist comment: '' greater breadth of jobs on offer and a good sign'' ''underlying fundamentals of US economy holding up well'' USA data: pending home sales crude inventories fomc policy statement
UK GDP per capita is now broadly level with pre crisis peak UK rate hike in February 2016 as per one City analyst
27 JUL 2015 Ashtead Group plc 38.9% Potential Upside Indicated by Exane BNP Paribas BY AMILIA STONE BROKER RATINGS Ashtead Group plc with EPIC LON:AHT had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ this morning by analysts at Exane BNP Paribas. Ashtead Group plc are listed in the Industrials sector within UK Main Market. Exane BNP Paribas have set a target price of 1300 GBX on its stock. This is indicating the analyst believes there is a potential upside of 38.9% from today’s opening price of 936 GBX. Ashtead Group plc LON:AHT has a 50 day moving average of 1,125.06 GBX and a 200 day moving average of 1,116.67 GBX. The 52 week high for the stock is 939 GBX while the 52 week low for the share price is 8.49 GBX.
SENIOR CREDIT FACILITY INCREASED TO $2.6 BILLION AND EXTENDED TO 2020 28 July 2015 Ashtead Group plc ("Ashtead" or the "Company") is pleased to announce that it has amended and extended its $2.0 billion senior credit facility that was due to mature in 2018. The Company has increased the facility size to $2.6 billion, reduced the cost to LIBOR plus 125bps to 175bps and extended its maturity to July 2020. Ashtead's chief executive, Geoff Drabble, commented: "We are delighted to have completed this refinancing which provides us with long term stability and capacity to continue the execution of our well established strategy. It ensures that our debt package remains well structured and flexible. Against a backdrop of strong end markets and market share gains, we will utilise the facility to support the needs of the business with organic fleet growth. This growth combined with further greenfield openings and bolt-on acquisitions will continue to broaden the geographies and markets we serve. We continue to grow responsibly, generating strong returns and maintaining leverage within our stated objectives. I would like to thank the bank group for their support in the further growth and development of Ashtead." ________________________________________________________________________
Over the next 20 years,650 billion $$$ will be invested in shale/fracking
Market comment: ''Falling equity markets connect with the real economy when individual companies stop investing in the markets which contributes to their profits and negative sentiment sets in and goes on to affect consumer confidence'' ''German IFO data was encouraging'' USA data: case - shiller home price composites 10/20 consumer confidence
60% of companies on NYSE are now below their 200 day moving average
Has anybody seen the Bu££!?
RBC Capital Markets after closing bell Friday downgrades URI from 'top pick' to 'outperform' ''RBC comments that headwinds are near term in nature,half of the business is in an early innings of an improving non-residential construction sector. Oil/Gas activity and equipment supply in industry refleeting are compressing rental metrics.2015 is more a transitional year and 2016 points to a more dynamic improvement overall'' Recent editorial comment after Qly earnings release state that'' URI enjoys solid demand for its rental portfolio'' This week will probably be interesting and AHT could easily follow a slide in URI sp,may drop under £9,and for the deep pockets makes a value investment. URI demonstrated its resilience in responding and to a challenging sector,and being twice the size of AHT and still came in with decent cash flow and a decent report Market reaction demonstrates the 'tyranny of the earning season''as one commentator generally described the Qly season releases Commodity turmoil will be centre stage Recent comment on China GDP puts it at 3% to 5% and 7% is a flog. USA data: durable orders treasuries and busy week on earnings EU data: ifo business data Germany m3 money supply UK data: cbi industrial trends survey Good day investing to all
Overreaction to URI's overreaction!. A FTSE100 company with forward PE of 12, peg of 0.6, last three years average eps growth circa 50%.......taking market share from URI and the construction recovery waiting to happen in the U.S.......sound good to me!. DD
Whats going on with the share price? Market over correction?
Thanks Jonnyh
Looks weak to me, ACCUMULATE the money making machine.
URI is United Rentals. United Rentals, Inc. (United Rentals) is a holding company engaged in the business of equipment rental. The Company conducts its operations through its wholly owned subsidiary, United Rentals (North America), Inc. (URNA), and its subsidiaries. It operates in two segments: general rentals and trench safety, power and heating, ventilating and air conditioning (HVAC), and pump solutions. The general rentals segment consists of around 12 geographic regions, including eastern Canada, Gulf South, Mid-Atlantic, Mid-Central, Midwest, Mountain West, Northeast, Pacific West, South, Southeast and Western Canada, among others. The trench safety, power and HVAC, and pump solutions segment includes the rental of specialty construction products and related services. It offers approximately 3,300 classes of equipment on an hourly, daily, weekly or monthly basis to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, Government entities and other customers.
What is URI?
Market comment: ''With implosion of commodities,Fed ponders on a broader signal that they have not seen!'' ''With commodities falling,demand falling,suggests the global economic growth is faltering'' ''US manufacturing will find it challenging to maintain it's margins''. ''Fed walking a very fine line,is it going to be financial stability or data dependency,and all that affects their credibility on interest rate hike,which may come in September!,but market might interpret things differently'' ABB the worlds largest maker of power grids said it faced a mixed economic picture with the US remaining positive and China still growing although slower than 2014 and weaker demand from oil/gas sector. EU credit is beginning to flow more and outlook remains positive UK car sales up nearly 6% Greece parliament passes bailout package Oil under 50$ and some analysts and oilmen forecast $70 a barrel at end of 2015 URI being twice the size of AHT,and a fei$ty Q'ly release is a boost to AHT and rental sector and demonstrated the ability of well run large enterprises to respond to a demanding US economy. Skilled labour pressures will be a problem for US economy and will push up wages. Thursday is the biggest day of the earning season,come on down Looking long at AHT, and smaller rental outfits feeling the pressure,some decent 'bolt-on's' will present themselves and a stronger company by Q4 2016 Good day investing to all
Adjusted EBITDA margin rose 49.4% in Q2 Outlook for remainder of 2015 is lowered on revenue to 5.8/5.9 billion$ from 6.0/6.1 billion$ CEO comment: ''We solidly improved our profitability in 2Q year-on-year with record results for 2Q EBITDA and adjusted EPS. Adverse impacts from drop in oil/gas activity as well as industrial fleeting were greater than anticipated and as a result we have adjusted our outlook for 2015 targets'' URI sp down approx. 5% in after hours trading However the general sentiment from URI data and speak is that rental industry going forward is in a good place USA data: leading indicators initial claims bloomberg consumer comfort index The data came in well,and irrespective of reduced outlook for remainder of 2015,it indicates that economy is grinding its way along and demand for rental is robust. When will AHT get back to £12.30 again ? - it's not going to happen in a hurry that's for sure UK data: mortgage lending figures retail sales EU data: consumer confidence AHT sp is about £1.20 under it's 200 day moving average,so where Market places it today at opening bell will be interesting!!!! Good day investing to all
Market comment: ''Summer pattern of not a lot of volume and sideways moves.Investors are getting impatient and are chasing returns especially in tech.If companies do not deliver solid results then a pullback in market is on.,and will encourage investors to come back'' USA data: existing home sales house price index and various home data. UK data: boe mpc minutes At the moment looks like URI and AHT have gone on their summer holidays and even if URI come in with good results,share prices may not go anywhere for awhile,could slide to low £10 + Good day investing to all
Crude drops close to $50 and energy sector under pressure URI slides over - 2% and looks like that there will be no momentum upwards towards Qly release USA data: treasuries UK data: public sector finances Market comment: With crude falling could cause a vicious market sell off Gold at it's lowest in 8 years and caught in a perfect storm with less investors hedgeing/and defensive havens not in demand and China not coming to the rescue
Market Comment: ''A quarter of S&P 500 companies report this week and could be a boost for stocks'' ''Get the rate hike going as then we return to some form of financial sanity,too much money on the sides just waiting for direction/action'' USA data: treasuries EU data: balance of payments ppi Germany UK data: lending trends United Rentals report after closing bell on 22nd July,Fed Beige Book came in po$itive,construction generally performing well,and Qly data should not disappoint. Rate hike maybe! September if data for July/August come in well. Good day investing to all
Market comment: ''Venture capital to the tune of 19$billion invested in 2Q'' ''Economy is moving in the right direction'' ''US dollar is a better trade than Gold and will be for some time'' USA data: cpi core cpi housing starts building permits university of Michigan sentiment Editorial comment: The economy that Greeks need to sort out first is its dysfunctional political economy. New York metro area of approx. radius of 30 miles is a 17$ trillion economy and contributes 1.6$ trillion to US GDP Market may start moving sp up! before URI Qly data on 22nd July,and if it even gets over £11 will be a +++ US builder sentiment hit a 10 year high -record low interest rates and improving job market getting the credit- in July with continued job growth,but is nowhere close to meet demand. Good day investing to all
Market comment: Fed Chair/Yellen upbeat on economy and interest rate hike this year. Greece still causing investor uncertainty. Beige Book came in positive for economy. Oil heading for 40$!! USA data Thursday: philadelphia fed index initial claims bloomberg consumer comfort index net foreign purchases EU data: balance of trade EU cpi EU new car registrations EU Roll on Thursday
A-Plant was last year officially selected as a preferred supplier for equipment used for construction work throughout the duration Mersey Gateway Project. A-Plant is approved to supply a wide range of equipment to the Mersey Link Consortium,including tools,plant,powered access equipment,generators,lifting and safety equipment,formwork and falsework. A-Plant's district director said that their recently opened facility in the Teal Business Park,Widnes,is a fantastic location and also will service DIY household requirements. With the US economy grinding it's way along,and rental being tough for smaller operators,some valuable 'bolt on's' will present themselves at affordable prices. US Banks that reported yesterday,gave indication that savings are increasing and that the US consumer still has fresh memories of the great recession. Oil falling again will be good for discretionary income. General economist sentiment is that the US economy is OK and improving Interest rate hike! maybe December
Market comment: ''next 24 hours could be a roller coaster for Wall Street'' USA data: ppi core ppi capacity utilization industrial production fed beige book new york empire state index crude inventories EU data: wholesale price index - Germany UK data: claimant count rate unemployment rate wage growth Earnings in US come in mixed with retail sales below expectations. As Greek parliament prepare to vote YES for bailout,IMF say that Greek debt is unsustainable and even with present bailout plans Greece cannot service it,without a significant 'haircut' or restructuring of debt,as now with capital controls in place leaves Greece in even a more perilous state. German parliament could vote against it. What an IMF memo told EU before Tsipras's capitulation,is that ''it will not work'' UK/Mr.Osborne is not over the moon about contributing to this Greek opera Sentiment is that a Grexit is on somewhere down the line,and not that far away. Fed Chair/Janet Yellen gives her state of the economy address to Congress today and plans to raise interest rates will be closely watched by Wall Street Good day investing to all
Market comment: ''Jitters over Greece and China are subsiding as the latest developments point toward an improvement in their respective situations . We may now see focus switching back to central back divergence specifically on the US'' ''VIX below 14 from over a 5 month high of 20 just three sessions ago'' ''oil slides on Iran deal'' Iran has a significant floating storage just waiting to be shipped. USA data: business inventories export/import price index retail sales ex-auto sales retail sales inventories EU data: cpi Germany zew Germany zew EU industrial production EU Fed Ex about to sign on dotted line with Boeing for 5$billion of their wide bodied 767 freighters-heal£hy $ign Rail car loadings in the US have been on the slide,not because enough is being manufactured,but because the rail companies have been upgrading their rolling stock for containers to facilitate a quicker and cost effective turn around,leaving companies looking for conventional rolling stock for their produce with an increasing scarcity of availability. Dow Transports index has been moving north sharply again from a low of around 8000!!!!! With markets beginning to $teady! much more liquidity should return as 'uncertainty' factor subsides and investors start putting their cash piles back into equities again and should be a boost to decent rental companies like AHT Good day investing to all