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Market comment: ''Global asset prices are vunerable to a near term correction with the Bund market like the 'canary in the coal mine' and volatility will make more volatility'' ''The market is about mid cycle and fundamentals are sound and equities remain bullish'' USA data: non-farm payroll average work week average hourly earnings unemployment consumer credit EU data: German factory orders QE was born out of the great recession and has created the great di$tor£ion and volatility could be around for years to come and after. The Greek yawn looks like going some place! AHT sp may rise again toward Q4 release on 16th June,but after URI soft May remark,the market could wait and see till release date. German factory orders came in OK Good day investing to all
Market Comment: ''Fed Beige book comes in with a moderate growing USA'' ''Draghi says get used to volatility,its here for the long haul and we need to look through and maintain a steady monetary policy'' ''Crude rally is over'' USA data: initial claims Bloomberg consumer comfort non farm productivity unit labour costrs EU data: pmi retail Germany pmi construction/retail UK data: boe rate decision,etc Greece comment: Seems the brinkmanship is coming to an end and syriaza will sign up to a reform/austerity package. The Greek railway system as one commentator put it would be more profitable if they sold all the trains and instead called up a taxi for each passenger. Then again this is a country that not so long ago hosted a very successful major sporting event. They need a national unity party to sort the mess out as syriaza longevity is not a certainty and have no experience in government or running a country. Fed hike may be September! Good day investing all
Market comment: ''Investors will be watching the ADP figure,Draghi's update on QE and the US export data and Greece/creditors developments'' US data: trade balance adp employment ism services index fed beige book total vehicle sales crude inventories EU data: unemployment ecb UK data: pmi services Greece: If Greece agrees! to recent creditor / EU plan,then they will probably get their debts re-structured. Good day investing all
Market comment: ''Economic data points to a strengthening US economy'' ''June will be pivotal for stocks with G-7, ECB,Greece,OPEC and Fed meeting on 16th./17th.June'' USA data: factory/goods orders domestic vehicle sales EU data: cpi german unemployment UK data: pmi construction Greece : High level meeting in Berlin with France/Hollande,ECB/Draghi,IMF/Lagarde to finalise the last! debt settlement plan to Greece. AHT sp given a recent broker forecast of neutral and yesterdays positive manufacturing ISM data and URI sp steadying and moving north again. Fridays URI press presentation also announced it had opened 10 new speciality centres to cater for increased demand in pumps,hvac,trench,etc and that the speciality/niche is a core growth market and a profitable one going forward. Looks like September/or December for Fed hike and yesterdays inflation data was cool Fridays non-farm payroll is expected to be good at around 220,000 Good day investing to all
Market comment: ''This week markets face a barrage of potential catalysts as the month of June begins a traditional period of stock market weakness'' ''The US should have a 3% economy,but we have presently the wrong mix of fiscal and monetary policies'' ''The market basically has been changing its mind from day to day,on whether its going to breakout or breakdown'' US data: personal income personal spending personal savings rate dpi-disposable personal income pce inflation pce core construction spending ism manufacturing EU data: pmi manufacturing German cpi German pmi manufacturing German retail sales UK data: halifax house prices pmi manufacturing The Chicago pmi was sluggish! and the last regional indicator before the nationwide -ism institute mnfg- ism release today,and should come in above 50 or hopefully surprise +++++ Lets hope there is more encouraging news for Greece this week.The big problem with syriaza is that the coalition is split on a way forward and the entire bunch of wofflers have done more damage since their arrival to the economy than anybody could imagine .Not one of them has held a job on main street. Looks like it will finally be sorted at end of June which is sentiment from some commentators. Off topic comment: ''Rich kids use the internet to get ahead and poor kids use it mindlessly'' Best of luck for June,it could be a wild time,hopefully nor£hbound Good day investing all
Editorial comment: ''With growth estimates for 2Q around 2% the economy appears poised for its worst first half performance since 2011. Economists however caution against reading too much into the slump in output.They argue the GDP figure for 1Q waqs held down by a confluence of temporary factors-also agreed upon by the Fed- and a problem with the model that government departments to smooth the data for seasonal fluctuations. When measured from the income side the economy expanded at a 1.4% rate in 1Q. Unlike 2014 when growth snapped back quickly aftera dismal 1Q,the $ and investment cuts by energy companies continue to hamstring activity,but growth will increase steadily as the year progresses'' With oil price staying around 70$ approx. for sometime to come and OPEC/Saudis not able to put fracking out of business.oil analysts are not despairing as the price has steadied somewhat. AHT/URI have about a 6% to 10% exposure to energy and the market is happy that these are companies broadly based and growing organically and also developing their niche/speciality services and their debt risk well managed. URI was downgraded quickly enough but so far AHT has not had any negative remarks from analysts or brokers. AHT is half the size of URI which is also a plus What is rea$$uring the way the market brought the sp up recently and it looked like £12.50 + was not far away and then ''the joys of investing kic£ed in'' Two possible scenarios in coming week: 1.The traders-AT- knock down AHT/URI to get really good buy in prices,and n doubt the short interest on URI will be in full swing. 2.The market brings AHT sp back up again and URI steadies and goes back to about 95$ + Greece needs to pay IMF on 7th June and it looks like it will make that payment. There will be a Greek settlement and it will be on reform and a growth scenario to pay its debts from what one can read from various commentators. The markets want Greece sorted and then investors will be happy also and a good old fashioned bounce nor£h for AHT 4Q releae on 16th June,a positive broker forecast would also be helpful in the week ahead-OPTIMI$M Roll on monday
URI downgraded from neutral to underperform. Broker fcst: $80 from a recent $108 Analysts concerned that rental prices will come under pressure Volatile oil prices. Chicago PMI came in poor and indicates contraction However the general sentiment is that the economy is in a sustained recovery however modest. Fed not particularly worried and a rebound in Q2 and Q3 is expected Consumer confidence was down- uni mich sent Presently it seems oil price has steadied a bit,but a recent Goldman Sachs forecast $45 Greece will probably scrape a payment through and EU/Creditors advised by economists from N.America and outside EU to make a deal with Greece as the contagion factor globally could be a possibility nobody wants I suppose the traders will try and move the sp lower and overshoot and some ta$ty buy in prices will materialise The market generally has been volatile and range bound Roll on monday
Market has demonstrated its confidence in moving URI/AHT nicely along prior to URI presentation remark ''a little softness'',which implies reduced cash flow or fall off in utilization numbers. The main thing is that URI were factual on the present state of the US economy ,which is also known by the market and an interest rate hike is around the corner which is indicative of a strengthening economy. Traders will talk it down and buy in at bargain prices. These two companies are very good in recognising and responding quickly to a possible concern to their business and adapt accordingly. US data: gdp imports/exports gnp disposable personal income Chicago pmi university Michigan sentiment EU data: Germany balance of payments money supply-eu UK data: gdp-2nd estimate consumer confidence AHT sp was $teaming along at £12.25+ and then when I thought that a good buy in price before Q4 did not look likely,what happens,a good old fashioned dip comes along. The AHT/URI sp algorithim is a very sensitive one and thankfully bounces all over the place and traders and the traders helping out some short positions will also be thankfull. And also thankfully the URI presentation came with about two weeks+ b4 AHT Q4 release on 16th.June. URI recently opened a new speciality centre which adds to the all important cash flow US gdp and pmi figures today are already anticipated by the market,but a surprise gdp of the positive elk would be a plu$ AHT sp goes back to £12+ within the coming week Good day investing to all
No limit I do not know why the share price dropped . I tried to find out but got no answers so I bought 2000 at 11.78. Sometimes there is no time to do any research but please let me know if you come across any news. I am waiting for another buy in price...sold out last week...there is some info to come to in from the states tomorrow which if not seen in a better light could push the price lower again...gla
** United Rentals falls 7 pct after talking down May activity, according to traders ** Co speaking at KeyBanc Capital Markets on Thursday, according to Thomson Reuters data ** Top faller on S&P 500 ** UK-listed peer Ashtead down 4.2 pct, moves to biggest loser on FTSE 100 ** Second worst day for both stocks YTD ** Terex Corp down 7 pct, Oshkosh down 3.3 pct (RM: alasdair.pal.thomsonreuters.com@reuters.net)
BUZZ-Ashtead and United Rentals fall as latter talks down May activity ** United Rentals falls 7 pct after talking down May activity, according to traders** Co speaking at KeyBanc Capital Markets on Thursday
** United Rentals falls 7 pct after talking down May activity, according to traders ** Co speaking at KeyBanc Capital Markets on Thursday, according to Thomson Reuters data ** Top faller on S&P 500 ** UK-listed peer Ashtead down 4.2 pct, moves to biggest loser on FTSE 100 ** Second worst day for both stocks YTD ** Terex Corp down 7 pct, Oshkosh down 3.3 pct (RM: alasdair.pal.thomsonreuters.com@reuters.net)
I do not know why the share price dropped . I tried to find out but got no answers so I bought 2000 at 11.78. Sometimes there is no time to do any research but please let me know if you come across any news.
Any idea why the sudden drop from £12.30 to £11.80 - not large in percentage terms but quite an unusual swing for this little beauty? GLA
Market comment: ''The problem is not the rate hike but the hike date'' ''The market has been fuelled by cheap money and cheap labour'' ''China has been heavy capital investment and export oriented and is no longer successful as it caters for a richer and more sophisticated population and now is proceeding to a more balanced and consumer based model'' US data: initial claims Bloomberg consumer comfort crude inventories# pending home sales EU data: business climate indicator economic sentiment indicator UK data: mortgage lending index of services gdp Has there been a Greek deal! some kind of kick the can down the road fudge! AHT sp has finally broke through the £12 with great aplomb and should head towards £12.50ish. But the way this bungee market is jumping around it will be a bouncey ri$e nor£h. Waiting for another good dip b4 Q4 release Conchita Wurst recently expressed an interest in our good friend V.Putin so maybe that's where he is keeping his head low! Good day investing to all
Market comment: ''Economy is moving market from a beta play to a stock pickers play'' ''Growth rebound over next several quarters'' ''Economy is stronger than bond market investors think'' US data: mba mortgage applications EU data: german gfk consumer confidence Looks like Greece may get some more time till September as some dysfunctional deal may present itself soon, going on recent news. Some market observers are taking the view that a market correction is happening. Dow transports have broken through support level of 8500 to 8350!! and its been moving in opposite direction to equities for some time and is worrisome to some of the old hands of Wall Street. Hopefully an equity correction is in progress and some ta$ty prices will present themselves. Good day investing all
Market comment: ''Fed speak is really about testing the reaction of markets'' ''Central banks fancy themselves to be anticipatory institutions but in reality they are reactive in policy'' ''A lot of M&A going on which is good for equities and big investment banks are the beneficiaries also'' ''Fed/ Yellen will wait for a couple of more months data on jobs and wage growth'' US data: new home sales case-shiller home prices durable orders consumer confidence pmi services UK data: cbi distributive trade survey Since 2000 the S&P 500 has 25% fewer stocks and an overall share price rising from approx. 40$ to a present day 80$ Good day investing to all
Market comment: ''Fed Chair Yellen speaks today and any comment on stocks or hike could make it a busy day for traders'' ''US growth to continue despite mixed data'' ''US Q1 GDP will be revised upwards as flaws in its formation are being addressed,could now be around 1.8%'' US data: cpi Germany data: ifo index UK data: public sector finances China market comment: ''China market lending is three times that of what is on the book and significant risk is a factor'' Anybody seen Putin? Good day investing to all.
Market comment: ''Trading volumes have been unusually thin and value investors are staying on the sidelines waiting for a meaningful pullback in an overextended and overbought market'' ''Short term bullishness remains,it's a traders markets'' US data: Bloomberg consumer comfort index initial claims leading indicators existing home sales philadelpphia fed index Dow Transports approaching 8500! EU data: consumer confidence balance of payments UK data: retail sales internet retail sales cbi industrial trends Greece comment: ''500 companies going out of business,600 job losses and 22 million euros off the GDP are materialising on a DAILY basis in a crisis ridden Greece and indicative of the mess that Syriaza has created since election'' ''Greece needs to sort it out before the 5th June'' Good day investing all
Market comment: ''Earning season has come in better than expected and stocks will grind higher'' ''US consumer is saving and paying down debt and there is nothing wrong with that'' ''There is a severe shortage of affordable housing and needs to be addressed by Washington'' US data: fomc minutes crude inventories mba mortgage applications UK data: boe policy minutes Germany ppi Recent brkr fcst is £12 for AHT SP may very well go over £12 to about £12.15ish and settle their for awhile as the US economy labours along Greece needs to have some deal done by 5th. June and all in Greece are telling them so,but the splintered excuse for a government cannot agree between themselves as one commentator put it Good day investing all
previous post: Should read - ''sentiment and Grexit''
Market Comment: ''Risk that market could react to the prospect of rate hikes with a violent sell off of the potential of 1987/1998'' ''Very sharp midcycle correction rather than the onset of a bear market'' ''Markets underlying liquidity risks which look more dangerous than any Greek default/Gexit'' US NAHB sentient yesterday was negative,the first time in a long time,and April should have been encouraging. Many factors contributing coupled with a social change/mindset in tune with financial circumstances. US data: housing starts building permits UK data: cpi Germany data: cpi EU data: cpi As one economist stated that a Fed credibility hike could come in September as the bond market has come around and therefore the hike is now priced into bonds and the Fed could move. One thing for sure if one has a £idy $£$um on the wings waiting for a correction in stocks to occur a good old fashioned payday will surface,as one market strategist forecasted,''it has happened to bonds and it will also happen to stocks'' Good day investing to all
Not great, and if it were United Rentals reporting these you might be worried (although good to see that their rates are up). However, Hertz's plant rental operation appears to be somewhat troubled and therefore might not indicative of general market forces. Also interesting that at page 36 of the January investor presentation (http://www.ashtead-group.com/lib/docs/042404-analystandinvestormeetingjanuary2015.pdf) Ashtead see themselves progressing from "Top 3" to "Top 2 or 3", meaning they see the possibility of Hertz dropping out of contention leaving domination of the market to themselves and URI. Here's hoping.
Analyst comment: ''The run of soft economic data in the1Q with some disappointing misses in just the past week in retail sales,producer price inflation,indusrial production and consumer sentiment gives credibility to a December/January hike and this weeks data will be closely watched by investors as 1Q season is near completion in a slowing American economy'' Editorial comment: ''Pimco moving away from equities to advanced/enhanced indexing instruments'' City comment: ''Co-founder of Harvey-Landsdowne says fund managers are complete morons'' ''Bonds remain a source of income for investors until interest rates/inflation kicks in down the line'' The old hands on both sides of the Pond have read it well as regards volatility,ecoonomy,rate as long ago as Autumn 2014. Hopefully a good old fashioned dip will present itself before months end and hold till 4Q Ashtead earnings on 14th. June. Data kicks in on Tuesday Good day investing to all
An annual 3% growth rate in construction is forecasted for the next 5 years ONS report on construction out today