Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Editorial comment: ''High yield corporate bonds may present the next financial crisis for markets'' ''Stocks over heated, a sharp correction on the way'' USA data: personal income/spending disposable personal income pce inflation core pce inflation personal savings rate pmi services initial claims bloomberg consumer comfort index EU data: Germany gfk consumer confidence UK data: cbi distributive trades survey Dow Transports at 8300 !! - railroads,truckers and airlines tanking But as some wise old hands comment, ''beware of the doomsayers speak'' Greece: Probably! a deal,but will Greek parliament pass it. If German finance minister has his way and probably will,Syriaza woffle machine will be on its knees Good day investing to all
Editorial comment: Hedge fund recent investment in United Rentals is a bullish sign that the company is an impressive performer and their long positions are not agreeing with recent analyst downgrades. Hedge funds estimate that URI exposure to upstream/midstream oil and gas is about 6% and the transitory nature of oil and gas is well facilitated by a company that responds well to a revenue decline from oil and gas and is one of the best in the rental business Recent analyst downgrades have been fuelled by volatile nature of oil price and a sluggish US economy . Recent forecasts for US GDP is around 3 to 3.5% in 3Q and 4Q URI fell to $88 and back up again to $92+ - $erious moooneeeeeh and AHT to about £11 and back up again to £11.50+ - S£rious moooneeeeeh URI release earnings around mid july and they will be good Top up now
Market news: EU business at a 4 year high as pmi's come in OK US economy showing signs of stabilising with Wednesday's durable goods reversing the previous trend since summer 2014. US data: Q1 gdp final reading crude inventories mba mortgage applications EU data: german ifo business confidence index UK data: boe financial stability report,mortgages etc Greece comment: USA heavily envolved behind the scenes as they fear a default and Grexit , the Russian navy might get access to Greek ports The yawn continues,but the pay as you go reforms is the only way of straightening out Greece. Good day investing to all
A-Plant order comprises 1500 machines from micro to midi excavators and hundreds of dumpers and telehandlers(4m to 17m) and complying with the latest Stage 3B/Tier 4 emission regulations and using 10% less fuel than their comparable Tier 3 counterparts. A-Plant offers its clients a modern compliant fleet and a host of diverse revenue generating £££££$$$$$ Put this one in the oven on gas mark £20 The A-Plant company infrastructure reflects the Ashtead dynamic business model
Market comment: '' US small businesses will be the economoy growth engine in 2015'' USA data: durable goods market pmi flash new home sales fhfa home prices EU data: pmi france UK data: cbi industrial trends EU comment: '' EU is the political equivalent of the Iraq army'' '' any economic union also needs a strong political union and no more illustrated than the Greek debt crisis'' ''banks kept on lending to Greece even when debt to gdp ratios blew past 100%'' '' Greek debt is about a weeks output of the EU'' Greece deal or fudge looks like materialising ! EU: france manufacturing pmi comes in at a 46 month high Good day investing to all
New proposal! gives nothing substantive according to German finance minister Nothing as regards critical issues : 1 tax evasion 2 vested interests 3 corruption No deal today Grexit still on as one comentator put it. Depends on how Wall St digests all of this,but one thing for sure it's bad PR for Eurozone 30 th of June is the critical date for Greece
JCB digs up milestone deal from Ashtead: JCB has won one of its biggest single orders ever after securing a deal worth over £50 million from hire firm A-Plant, part of FTSE 100 firm Ashtead Group.
Market comment: ''Asia investors feel for a compromise with EU/creditors as Greece blinks! in mixed Asian markets'' US data : treasuries existing home sales EU data: consumer confidence Eurogroup meeting and new Greek proposal should provide more entertainment to the ongoing Grexit soap opera Good day investing to all
Market comment: ''Stocks could hit a bump in the coming week.Quadruple witching which occurred on Friday,when stock index futures,stock index options,stock options and single stock futures all expired on same the day. Four times a year on the 3rd.Friday in the last month of that particular Quarter and most recently Friday/June. The coalescence of these four expirations can ramp up trading volume and volatility as investors and dealers scramble to open and close positions. Over the past 25 years the Dow/S&P 500 have declined about 0.7% on average after expirations''
Editorial comment: ''Company is well positioned to capitalise on both structural and cyclical opportunities and had no significant changes planned,with the emphasis on organic fleet growth. Capital expenditure will have an upper limit of 1.35 billion euros in fiscal 2015/16 and an estimated volume growth of 15/20% for Sunbelt Rentals and slightly lower for A-Plant Ltd.'' As the UK and USA economies strengthen and GDP can get above 3%+ more infrastructural projects will get the green light and more incentives are given to private money,then these well run rental companies will pro$per. No mention of ''soft earnings'' either.But gave excellent opportunity to top up. AHT present sp is good value and could sink again.So the lower it goes the better the value of the top ups. When the sp starts to move again it will go £13+ Monday EU finance ministers meet. Greek banks may introduce some squeeze on cash withdrawl. An interesting week awaits us
Market comment: ''Options expiration Friday and has a history of a negative bias for the week that follows'' '' Thursday's rally was on dovish Fed slow to move but also traders buying into a vaacum(small volume available} covering shorts'' US CPI displays weakness Philly Fed came in OK Initial claims came in with much less jobless claims than expected USA data: treasury notes EU data: balance of payments current account ppi Germany Shanghai closes on worst week in 7 years amidst fears of a bubble in volatile Chinese equity markets EU finance ministers have emergency meeting on Greece,they mean a hard line on Greece and to display a unified front that austerity is working for EU as one commentator put it. Looks like the AHT sp algorithim has gone on it's summer holidays till September Good day investing to all
Market comment: '' Wake me up in September or later as Fed will move on data!'' ''What the industrials make the transports take-DJT 8316!'' USA data: Philly Fed initial claims cpi core cpi leading indicators current account defecit EU data: ECB thoughts UK data: retail sales Luxembourg get together finance ministers showdown! German finance minister has no time for the ''game playing theorist woffler posing as a finance minister from Greece, who has never held a job on main street,and along with his fellow wofflers they pose as representing the Greek people. Hopefully decent people like the Greeks will be spared a Grexit and some solution can be found , as chaos will ensue. But squeezing money out of a already defunct economy/state does not make much sense either,financial waterboarding. EU might have already decided they will take the hit,and its good bye Greece,the EU has a enough to do and Greece is a very small player. Greek Central Bank has told Syriaza that they must sign up! AHT sp may start moving again around end of July depending on how URI Q earnings come in,which should be good. Good day investing to all
Market comment: ''Housing building permits data stronger than expected gbives support to market'' USA data: fomc crude inventories EU data: cpi UK data: boe minutes unemployment Greece/EU etc = acrimonious But will ECB put the squeeze on money supply! AHT will continue to be choppy and rangebound,however company is doing well and growing their speciality services,now contributing to 25% of revenue and a stragegic part of growth model. URI downgraded. 10% of URI stock is on loan
As expected, look at the size of the out of hours trades and delayed trades reported. Absolute monsters, no wonder the price was moved down. MMs sure know how to mop up from PIs. Heres to a better day tomorrow, we should see a real move north providing everyone who wants to be in is now in!
Agreed and personally I don't however it's clear a lot of PIs do and now a huge order is being filled. On open there were loads of £30k+ Trades being filled. Will be interesting to see the delayed trades later.. someone's being helped out big time.
Best answer to that problem, stop using stop-losses! It's a feeding ground for the MMs, they will always drop the price to catch the stop-losses, at any level.
Pure and simple - kept down to let the big boys in cheaper whilst hoovering up the PIs stop losses!
<b>UPDATE 1 – Ashtead boosted by construction markets in U.S. and Britain 16-06-2015 09:23 Ashtead annual profit rises 35 percent Sees strong demand in United States and Britain Plant hire industry has grown in recent years</B> (Adds CEO, analyst comments, details) By Li-mei Hoang LONDON, June 16 (Reuters) – Improving U.S. and British construction markets helped equipment hire group Ashtead to report a record high in pretax profit and should enable it to maintain momentum, the company said on Tuesday. Expressing confidence in the company's medium-term prospects, Chief Executive Geoff Drabble said it was benefiting from increased demand for commercial properties on both sides of the Atlantic. "We still remain very early cycle in construction markets... We are seeing far more activity levels, we are seeing bigger scale projects, we are starting to see some of those signature projects," he told Reuters. The company rents out everything from small tools to large diggers and water pumps and has grown rapidly over the past few years as hard-up customers have turned to hiring equipment rather than buying and maintaining it. Pretax profit rose to 490 million pounds ($764 million) for the year ended April 30, up from 362 million pounds a year ago and just ahead of analyst expectations. It will pay a total dividend for the year of 15.25 pence per share, up by 33 percent. Drabble said the company had performed strongly in the United States, its largest market, despite the impact of bad weather and the dampening effect of lower oil prices in the fourth quarter. Rental revenue in the company's U.S. division Sunbelt, which accounts for around 85 percent of group revenue, grew 25 percent to 1.7 billion pounds. Its UK business A-Plant, which accounts for the remainder, grew by 19 percent to 323 million pounds. Drabble said he planned to invest around 1 billion pounds in capital expenditure in the coming year, to help broaden the company's operations and expand its fleet, which is worth 3.6 billion pounds. Shares in the company were 2.3 percent lower at 1,101 pence by 0822 GMT. "Despite a difficult winter in the US and a slowing oil and gas market, Ashtead delivered another strong performance," said Barclays analysts in a note. "We remain confident in the outlook for Ashtead in recovering non-residential construction markets in both the U.S. and the UK," they added. ($1 = 0.6411 pounds) (Reporting by Li-mei Hoang; Editing by Keith Weir) ((limei.hoang@thomsonreuters.com; 020 7542 6513; Reuters Messaging: limei.hoang.thomsonreuters.com@reuters.net)
Hi tidd83, Thanks for reply,all noted The professionals traders - AT/HFT- know how to control a sp . Institutional investors and pension funds with deep pockets cannot get enough of AHT and at the moment there topping up at ALDI/LIDL prices Interest rate hike may come in September,so traders will be positioning The main strategy is to invest in a decent company with growing turnover/margins and hold on to it and AHT fits well into that category and the bulk of your investment Long and hoover up the dip$/£ $hor£ As on analyst put it ''one doesn't invest in the market,one plays the market'' ''the trend is your friend whether up or down depending on your game plan'' Looking forward to the next A-Plant/Sunbelt bolt on. AHT sp is volatile but at the end of the day it grind$ its way nor£h- a tried and tested performer Best of luck
16 Jun 2015 Ashtead Group PLC AHT Investec Buy 1,099.50 1,134.00 1,500.00 1,500.00 Reiterates SP Target 1500p.
Investec restated their buy rating on shares of Ashtead Group plc (LON:AHT) in a report released on Tuesday. Investec currently has a GBX 1,500 ($23.34) price objective on the stock. Ashtead Group plc (LON:AHT) opened at 1101.0000 on Tuesday. Ashtead Group plc has a 52 week low of GBX 815.5000 and a 52 week high of GBX 1231.0000. The stock’s 50-day moving average is GBX 1157.75 and its 200-day moving average is GBX 1124.34. The company’s market cap is £5.52 billion. Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a hold rating and set a GBX 1,100 ($17.12) price target on shares of Ashtead Group plc in a research note on Tuesday. Analysts at Stifel Nicolaus reiterated a buy rating and set a GBX 1,500 ($23.34) price target on shares of Ashtead Group plc in a research note on Thursday, June 11th. Analysts at Jefferies Group reiterated a buy rating and set a GBX 1,365 ($21.24) price target on shares of Ashtead Group plc in a research note on Monday, June 8th. Finally, analysts at Credit Suisse reiterated an outperform rating and set a GBX 1,300 ($20.23) price target on shares of Ashtead Group plc in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Ashtead Group plc currently has an average rating of Buy and an average price target of GBX 1,352.50 ($21.05).
Vigilant, I think you were as surprised as we were regarding reaction of the market given your estimate of opening price. I see that the market is wary however even if the results were anticipitated to beat expectations they were not reflected in the price. Broker forecasts are much higher and price so hould be some £13 to reflect news. The buyers at £12.30 will not be happy as like most they will have expected a price hike north. No other company is treating the ftse and Greece in the way they have with these prices. Still, always cheap for a top up to buy in tranches.
Ashtead : Barclays price target 1375p: rating overweight
Market already knew that Q4 would beat expectations and before the URI ''soft May'' remark,the AHT sp was beginning to get warmed up at ££12.30 and upwards and then URI investor presentation. Rental exposure to oil production is about 6%/10%,BUTas one analyst put it some investors have put a too high risk exposure of about 18% FTSE well down does not help and some old hands acro$$ the pond are saying that a Greek default should not be underestimated German public opinion has soured to Greece and now the Greeks have a fractious bunch of wafflers that have never held a job on main street Default is on and booted out of euro will follow Greece is causing too much grief Default-panic,chaos,new elections and b4 all that a good old fashioned punch up in the Greek parliament Markets don't like uncertainty AHT sp by years end will be £13+ URI release their next data on or around mid July Top up at these prices Great Q4 result and confidence going forward in a well run growing company Greece was brought into the EU knowing damn well that their books were dodgy and run by a bureaucratic woffling and self serving overweight public sector 80% of primary spending goes on pensions and public sector wages/pensions FOMC Wednesday Eurogroup Thursday One thing for sure some very tasty buy in prices in decent companies will present themselves Best of luck
Ashtead : Jefferies raises price target to 1385p from 1365p; rating buy