Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Hi MickTKipper, URI release Qly on 22nd July and generally USA Q2 earnings by then will have given the markets more stability Greece should settle down and Greek parliament will OK bailout and all enacted into law China stabilising at the moment URI will come in good URI should start moving up again this week
<b>Ashtead Group plc’s “Overweight” Rating Reaffirmed at Barclays (AHT) Posted by Shane Hupp on Jul 13th, 2015</b> Ashtead Group plc (LON:AHT)‘s stock had its “overweight” rating restated by analysts at Barclays in a research report issued to clients and investors on Monday, Marketbeat reports. Ashtead Group plc (LON:AHT) opened at 1061.0000 on Monday. Ashtead Group plc has a 52 week low of GBX 849.50 and a 52 week high of GBX 1,231.00. The stock’s 50-day moving average is GBX 1,125.76 and its 200-day moving average is GBX 1,122.48. The company’s market cap is £5.32 billion. The company also recently declared a dividend, which will be paid on Friday, September 4th. Investors of record on Thursday, August 13th will be given a dividend of GBX 12.25 ($0.19) per share. This represents a yield of 1.12%. The ex-dividend date of this dividend is Thursday, August 13th. A number of other analysts have also recently weighed in on AHT. Analysts at Citigroup Inc. reiterated a “buy” rating and set a GBX 1,400 ($21.71) price target on shares of Ashtead Group plc in a research note on Thursday. Analysts at BNP Paribas reiterated an “outperform” rating and set a GBX 1,300 ($20.16) price target on shares of Ashtead Group plc in a research note on Thursday. Analysts at initiated coverage on shares of Ashtead Group plc in a research note on Friday, June 19th. They set a “buy” rating and a GBX 1,500 ($23.26) price target on the stock. Analysts at initiated coverage on shares of Ashtead Group plc in a research note on Friday, June 19th. They set a “buy” rating and a GBX 1,500 ($23.26) price target on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Ashtead Group plc in a research note on Friday, June 19th. They set a “buy” rating and a GBX 1,500 ($23.26) price target on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 1,372.47 ($21.28). Ashtead Group plc is an investment holding and management company. The principal activity of the Company is the rental of equipment to industrial and commercial users mainly in the non-residential construction sectors of the United States and the United Kingdom. The Company has two business units: Sunbelt and A-Plant. The Company’s equipment can be used to lifts, powers, generates, moves, digs, supports, scrubs, pumps, directs and ventilates. Its fleet of industrial and construction equipment includes earthmoving equipment, aerial work platforms, high reach forklifts and other materials handling units. The Company’s principal subsidiaries include Ashtead Holdings PLC, Sunbelt Rentals, Inc., Empire Scaffold LLC, Ashtead Plant Hire Company Limited, Ashtead Capital,
Eurogroup say deal has been reached. Greek parliament to OK it! on Wednesday Deal envolves setting up an independent fund to sell off 50 billion Euros in state assets all after 5 months of Syriza woffle. General sentiment: Greece has to restore 'TRUST' and sort out it's dysfunctional country or Grexit. USA data: treasuries treasury budget statement Rental comment USA: General sentiment is the shortage of skilled labour impacting on non-residential construction and US Congress/Government needs to address training structures urgently Market comment: Fed hike in 2016.Forget about September. Fed cautious on job participation and wage growth and with a GDP not really moving. Since Syriza took over in Greece,the only jobs they did create were government jobs,now they have got to fire them all again Good day invewsting to all
Greek deal done! Let's get moving back north, bargain sales are over!
A-Plant opens a tool hire express store on Teal Business Park ,Widnes,Cheshire. One of it's key functions is to offer contractors working on the 1.86 £ billion Mersey Gateway Project immediate Access to a range of tools,small plant and consumables. A-Plant has a strategic plan of expanding it's tool hire express store division in strategically and conveniently located sites to serve contractors and the general public. That all important cash flow Part of new planning rules just released say that additional floors can be added to properties without planning permission,so long as it's not Cairo! style,London/big cities should benefit Role on Monday
Market comment: ''Traders say Monday could be violent,up or down depending on how creditors evaluate Greek propposal'' But the Greek economy is on''life support'' after 5 months of Syriza,will the new Greek proposal compensate for this?/or have Germans decided on Grexit! USA data: wholesale inventories treasuries UK data: balance of trade new construction/planning permission initative Tories plan to zone brownfield sites with pre-approved planning permission to speed up house construction,which in 2014 was 141,000,and UK needs 200000+ a year. London should benefit Good day investing to all
Market comment: ''Yesterdays NYSE glitch! was indicative of the strength in the system.the power of competition.The stock prices did'nt crash compared to the famous 'flash crash' ,trades were re-routed through other US exchanges as if it was a normal day'' ''US consumer credit climbs +5.7%'' ''Fed in no hurry'' ''We have the tail of Europe wagging us'' USA data: initial claims bloomberg consumer comfort index treasuries EU: German trade surplus at record high. Greece to submit a fresh!! proposal today.Does not look promising. Austerity for Greece is to force them to restructure/reform,and they have not been prepared today. Gexit is on. As one commentator put it,there will be contagion of the technical variety,in the sense that investors will push the 'risk on' button and risk aversion rules for awhile. Ryan Air ceo Michael O'Leary reckons Tspiras is a 'nut' and has offered to fly Greeks for free Good day investing to all.
Construction and infrastructure friendly Budget Mr.Osborne,thank you very much.
Market comment: ''FOMC minutes will be read but Greece tumoil will keep Fed hawks at bay'' China market comment: ''Irrational sell off's causing market illiquidity tension' - isn't that a beauty! Recently Chinese said it was OK to put ones house up as collateral to play the markets ,so long as the wife doesn't find out. Greece comedy show continues,Sunday is the final! deadline. USA data: crude inventories fomc mins consumer credit mba mortgage applications building permits UK data: budget brc shop price index Halifax house prices Crude expected to slide once Iran deal is signed! Q2 earnings begin. Looks like GREXIT and they keep them in Euro say some of the enlightened China market collapse is also indicative of slowing Chinese economy and sliding real estate market and consumer confidence on a similar slide as one commentator put it. AHT great value at these prices. Good day investing to all
Market comment: ''Chicago/New York pits(commodities-futures) close their doors for the last time,an end of an era'' Yesterday's US data gave encouraging signs of US economy and analysts are expecting better/good 2Q earnings. USA data: consumer credit balance of trade EU data: German industrial production UK data: industrial production manufacturing production Greece: Crunch day for Greece and Syriza Eurogroup have to be hard as then the other weak states in EU will be wanting soft treatment as well. EU simply wants a commitment to reform and restructuring from Syriza,which they curiously never mention to their dillusioned electorate. But how can you do business with the radical left or expect them to implement them.simply no trust there anymore AHT sp will wait on URI Q'ly earnings in July AHT sp could and probably will sink more-''for deep pockets''! Recent broker fcts for AHT all good Good day investing to all
Editorial comment: The volume of construction put in place for the 12 months to the end of May was US 1.04$ trillion.This was a %8.2 increase on a year ago and a + 0.8% increase on April figure according to US Consenus Bureau. YOY + 8.2% residential construction,with this segment of market rising to $366 billion for the last 12 months.Some 359 $ billion of this total was private construction activity,with just $6.6 billion being financed by public funds. In the US 669$ billion non-residential sector there was growth almost across the board with only public safety, ,power and water supply segments seeing a fall compared to a year ago. The manufacturing construction segment comes with robust growth just shy of +70% compared to a year ago at 90$ billion. The amusement,recreation,lodging,office, conservation and development construction segments also saw strong growth. Toal private construction was up 10.3% YOY,public construction + 2.8%. Power and public safety segments were down sharply,but this was offset by growth in most other areas. At 1.04$ trillion output,construction was the highest since 2008. There were solid monthly YOY gains in May for all major construction categories.Private non-residential,residential and public. The private segments appear poised to maintain growth throughout the year. Contractors increasingly report difficulty in finding workers with the right skills to construct large and complex projects. Greece: 65% bet on GEXIT When will Greek banks re-open?!,Greece defaulted and no bailout program in place. Syriza was hoping for contagion and market panic,it's not going to happen. Apart from bailout,the damage to the economy by Syriza over the past 5 months will also be co$tly to rectify Greece imports over 60% of its needs,solvent Greek companies cannot pay their foreign suppliers because the banks are shut.The staple called food is also a big import. Recent feedback is that Greece will not get any special treatment. No mention from Mr Verofakis's woffle output of reform and billionaires not paying a dime,He is married to a billionaires daughter. Greece think tank comment is that the country does not have one single political personality of substance and grit to unite country. Greece now is very like a middle eastern country,totally fractious. China now has the Greek port of Piraeus safely tucked away and because of inept Greek governments,runs it as if it was in China. Eurogroup will wait on next load of proposals from Greece. USA data: ism non-manufacturing ism services treasuries EU data: German comes in OK- factory orders etc GLA
With 'NO' vote a reality the ''UNCERTAINTY'' begins today and markets will refect it Verofakis resigns,he is only too glad to get his a$$ out of it,because it all could have an unpleasant ending Germans want Greeks out,continuous bail outs not on anymore,and Merkel has an election not that far away. When German finance minister says that Greece could leave Euro for awhile and then return,it might mean that Grexit is on. The real referendum should be on reform/restructure and taxing the billionaires-oligarchs from Russia and shipowners Vote Yes What the Greeks have done is to endorse their signed on status by voting No Some very ta$£y share prices are on the way Good day all
Ashtead: sharpest tool in the box: Two of them, HSS Hire and Speedy Hire, issued profit warnings this week, and Speedy parted company with its Chief Executive too. Their fortunes contrast sharply with those of Ashtead. Its results for the year to April 30 beat forecasts and the company raised its final dividend by a third. Most of all though, it is the economic cycle, which picked up earlier in the U.S. than in the U.K. Plant hire entails borrowing money to buy equipment, keeping it heavily utilised and reinvesting the cash flow in more kit. The business model works like a dream when construction is buoyant — which is why Ashtead’s shares have risen 1,000% over the past five years. Over-investing at the wrong point in the cycle can be calamitous. Ashtead knows that feeling — having scrambled to deleverage seven years ago — and although capital expenditure is still over £1 billion each year, it intends to keep net debt at less than twice earnings before interest, taxation, depreciation and amortisation. That compares to over three times ebitda in 2007.
Market comment: ''US economy mixed'' ''housing shortage in US'' ''look at rail car loadings,a lot of businesses are not doing well'' ''strength in hiring but not strength in overall economy'' Dow transports dipped under 8100!! for awhile yesterday With respect to recent ,andanalysts downgrade on URI,the only rental assessment I am interested in is that of Mr Drabble and his AHT CFO and their billion euro investment in fleet and bolt on's for 2015/16 The market is going nowhere with the Greece overhang,and if the GreeK electorate vote NO and endorse Syriza who have caused serious damage to Greece economy in 5 months,then EU may very well decide its time to say bye bye Greece,not to mention a PR disaster for Brussels/EU,anbd at the end of the day what investor with serious money to invest is going to invest in Greece with a bunch of wafflers and chancers posing as legitimate! government. US data: WAll Street closed fpr July 4th. EU data: retail sales UK data: pmi services June jobs and wage growth are not impressing the old hands of Wall St. Fed raising rates in September? not on till 2016 As one economist put it: ''QE and zero interest rates are counter productive to economy'' Safe weekend to all
Analysts say rental rates have flattened and a moderate improvement is expected also they expect that 2016 could present cycle concerns. Select construction labour shortages also contributing. All di$hing up value share prices for deep pockets. Mid July URI qly earnings release will give a clearer picture Yesterdays ADP report gave construction adding 19000 jobs in June Good day all
Market comment: ''Greek unwillingness to make its pension system sustainable in a credible way is just part of their general intransigence'' ''lenders have been giving more to Greece than they have been asked to pay,a fact that has not been mentioned on global press coverage'' USA data: non farm payrolls factory orders goods orders average hourly week average hourly earnings unemployment producer price index initial jobless claims Bloomberg consumer comfort index total vehicle sales Yesterday's ADP data was the best in 5 months. EU data: ppi UK data: pmi construction Dutch chairman of Eurogroup looked fairly resolute about no further negotiations with Greeks till Referendum is over and the look on his face spoke volumes,Syriza/Tspiras have destroyed any credible trust that has long since evaporated anyway. One week of chaos with banks closed will give Greece Yes vote all it needs. If NO comes in which I doubt,then it could be GREXIT If YES comes in and Syriza signs on dotted line,the EU are again dealing with a bunch of wafflers/wofflers that will put the breaks on its implementation. Good day investing to all
Ashtead/CEO Drabble could be $wooping for some viable parts of Speedy Hire,contracts etc There was some concern a few years back about their book keeping Company is a developing story maybe for all the wrong reasons Some posters were predicting good results AIM never a dull moment
Market comment: ''China PMI OK but expectations decline'' ''Median salary in USA could not buy a house in half of US cities ''Obama is a speaking success story but has failed to address the stagnation of middle class US'' ''Investing in Greece could have big returns'' USA data: adp employment report market pmi ism manufacturing constr spending crude inventories mba mortgage applications EU data: pmi euro zone pmi Germany retail sales Germany UK data: pmi manufacturing Poland/Hungary PMI come in OK Hillary Clinton speak fee is approx. $270,000 only! Interests rates will not go up in 2015 as sentiment grows and when GDP goes to 3+% something might happen,life on main street US is still fairly tight and some economists are talking slowing economy Greece requests another bailout. Brussels hoping for massive YES vote,and its bye,bye Syriza 23% vat on a bankrupt state is blind sadistic bureaucracy,/or they have just decided to shed Greece from the fold. Tsripas/pm has blundered along Athens chamber of commerce say business activity is now stalled and will free fall as banks remain closed ATM's they say will be OK for tourist withdrawls,what a load of bo**ux,or I suppose they print the stuff as well Greek sentiment to date is a NO vote, oh really! Greece has a major national crisis on its hands and no call for a government of national unity from its fractious and deluded population,who think that EU will give way to a woffling bunch of posers and game theorists. Speedy Hire has taken a sobering plunge. -30% ,the joys of investing,never a dull moment Lots of ta$ty bargains and AHT is one of them Good day investing to all
Market comment: ''The choice to Greek electorate is simple , Euro or Drachma'' ''EU commission give a clear message that GREXIT is on'' '' Brussel's sentiment is: ''Greeks vote no,then they are turning backs on EU'' USA data: chicago pmi consumer confidence case shiller house prices treasuries EU data: international reserves unemployment unemployment Germany UK data: balance of payments consumer confidence gfk consumer confidence current account gdp index of services UK market comment: ''Syriza/Tsipras election call is that Euro/EU will fall apart if GREXIT happens,so vote NO ,and the Markets this morning in the sense of Bonds and Euro currency say NO, we are doing alright thank you very much and no sign of contagion'' What may and probably will develop after all this is a two speed Europe,those willing to reform and restructure and those electorates that want to listen to elected wofflers. The Greeks have half the GDP of Los Angeles and if they think they can bring down Europe then they are WRONG The EU do not trust Syriza and even if they do sign on the dotted line,Syriza will not implement the reforms needed. Hopefully Greeks will see sense and vote to stay in Euro. UK GDP comes in encouraging and consumer confidence on a 15 year high Spanish PM weighs in on Syriza wafflers Some very ta$ty share prices are materialising. Latest market comment: ''Markets are taking a sensible view to present Greek crisis'' ''EU is in recovery mode and will be a better place without Greece'' The UK voted in an austerity government which was a massive boost to EU / Brussels AHT could sink to £10 low Good day investing to all
US architects optimistic for economy recovering into Q3/Q4 and construction generally growing USA data: pending home sales treasuries EU data: Germany balance of payments economic sentiment EU business climate indicator EU UK data: consumer credit m4 money supply m4 sterling lending mortgage approvals Market comment Greece: ''Bailout if finally agreed will amount to nothing as its been going on for the last 5 years + and every bailout ia a ''last chance''one Successive Greek governments have done very little to restructure and reform,so whats the point of continuous bailouts.'' Greece is a ''signed on'' state and has got used to easy money. They need strong leadership and a party of national unity,and the bungling, wofflling excuse called Syriza reflects the despair the Greeks are faced with. PR disaster for EU Grexit the sooner the better God day investing to all
ECB freezes ELA at present levels and will not be off setting any further $$$$flight from Greek banks as it watches this comedy show unfold into more tedium Roll on Monday
Editorial comment: A major investment firm Jana has acquired a 6% stake in United Rentals despite investor jitters because of energy production fall off and low oil price gives major boost to rental sector. Growth of large rental companies is a vote of confidence from satisfied clients/customers and quality of service is the benchmark
News: EU finance ministers vote not to extend bailout to Greece. The question is will the ECB emergency meeting ease ELA requirements(emergency liquidity assistance) to keep Greek banks afloat and in doing so break its own rules and undermine its credibility and worst case scenario violate EU law that bans central banks financing of governments ELA to Greece to date is 89 billion euros But Brussels brought the Greeks i into EU knowing it was a dodgy state and never checked their books which Greek government admitted later in 2004 they flogged/lied and mislead Brussels about. On the other side of the pond their simply fed up with Greece,a country that has half the GDP of the city of Los Angeles Roll on Monday
Editorial comment: UK constr output fell by 0.8% in April com[pared with March 2015. R&M (repair + maintenance) decreased by 4.8%,non housing R&M decreased by 7.2% and public housing by 6.2% New orders for constr in 1 2015 were estimated to have increased by 0.4% com pared with 4Q 2014 and by 8.1% compared with 1Q 2014. There were increases of 18.6% in infrastructure,private industrial by 6.1%,new housing 1.2% and all other work by 0.1 % in first 3 months 2015. Standard &Poor forecasts healthy and solid growth from now (June) till end of 2015 and onwards despite weak earlier data. Uncertainty on European growth has short term effect on UK which contributed Uncertainty over general election contributed. Lack of large infrastructure investment. Chancellor Osborne Summer Budget will be eagerly awaited and hopefully infrastructure projects will get a much needed boost. Standard and Poor says overall picure remains healthy going forward. Greek Syriza wafflers/wufflers/wofflers to form and interesting to see how markets react on Monday,decent dips and bargain time PR disaster EU GREXIT is on and lets see who pays the pensions and wages then,got to used to hand outs in this dysfunctional excuse for a state Roll on monday
Market comment: '' 2Q earnings will have grinded their way along'' '' 3Q fasten your seat belts its going to be a bumpy ride'' ''3Q is historically weak with only defensives outperforming-consumer staples,health care and utilities'' Analyst comment: ''When Dow transports don't validate other index highs it maybe indicates a fall is coming'' Dow transports: One trader is not worried about Transports as its a structural issue and what they carry-industrial shipments,coal and agri products. Coal has been hit by natural gas,agri products have been hit by strong dollar and downturn in energy with less metals and pipelines being transported. Its not indicative of a weaker economy. Major rail companies are investing heavily in their infrastructures and will eventually come around again. Airlines doing well with good pricing and demand. Analyst comment: Russel indexes rebalancing on Friday will be a highlight'' USA data: treasuries university of michigan consumer sentiment EU data: m3 money supply Greece: Probably a deal or Grexit. And if there is a deal! it all starts all over again with the ''pay as you go for reforms''strategy in trying to sort out Greece. or maybe somebody should tell EU that trying to do 'CPR' on a cadaver will not work. Good day investing to all