London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Rental News editorial comment 9th Februaryt: Expansive north American rental company has acquired US based north Virginian rental company Theros equipment rental following a string of recent bolt on acquisitions in recent months. Vice president for Sunbelt business development stated: ''Acquisition of Theros presents a unique opportunity to broaden our service network in a very active market and brings with it a team of rental professionals eager to provide our combined customer base with expanded equipment availability distribution and support''. This follows a bolt-on acquisition and also Sunbelt's initial expansion into Canada. Good day investing to all
Economic data: 240 companies report earnings crude inventories mortgage applications Good jump on S&P500 index but little movement on URI-which seems to move when oil moves!,or the market is just keeping it at around 90$ for the minute-markets are loopy anyway. Earning season drawing to a close Crunch day for Greece-whatever happens anyway as one commentator put it,EU is a much more robust and structured thanks to the banking/credit debacle and a sound financial structure has been put in place since 2008. Another comment is that if Greece EXITS it will become one of the most attractive countries in Europe to do business in. Apple has got plenty of money,so they good do a deal with Apple-come on down Apple came a voice from the heavens and Jesus was smiling all the way to the bank. Good day investing to all
Market comment-Greece: ''Though US markets reacted negatively economists agree that for the most part the actual impact on Wall Street will be negligible'' Oil comment: ''...according to Citi analysts the bounce in oil prices will be short lived ,a meaningful pullback in oil production is not likely till 3Q and until then the oil price could crater as low as 20$'' in a note to investors. Market comment: '' Stocks will continue to be volatile and going nowwhere'' Analyst oil comment: ''no bounce in oil expected and by 2018 the price is estimated to be around 70$'' UK market comment-Greece: ''There's a deal in their somewhere and all will be playing out for sometime'' US data release: 191 companies report earnings wholesale inventories-decr 2014 UK data release: brc sales monitor industrial production manufacturing production Good day investing to all
Inflation/interest rates market comment: ''Fed will move in June'' ''Fed will wait till Septr'' ''with these jobs/wage figures,2015 will be a inflation story'' ''Fed will move when GDP averages about 4%,looks more like 2016'' Layoffs in the oilfields: Skilled tradesmen like carpenters,welders/fitters,electricians,groundwork,site managers,engineers and machine operators have moved back into the construction sector where tradesmen are in high demand.The oil sector when it was up and running before the oil price caved in offered very high wages.The construction sector has helped big time to more than compensate for oilfield job losses. US Transport secretary comment: '' US infrastructure needs investment right across the board to the tune of about 1.8 trillion $'' ....'' by 2045 the US population will have increased by about 70 million and immediate infrastructure upgrade/improvement needs to start right now and the president's 450 billion $ infrastructure budget has to be passed by congress'' ...private investors need to be accommodated by federal states and US government to make our infrastructure an attractive investment'' US data today: earnings as 173 companies report in Germany: balance of trade retail [price index Greece talking tough but if the Syriaza wofflers have all the answers then the greeks will have to vote again if they want a euro exit.Some agreement I suppose should present itself to safeguard euro! With Ukraine crisis thrown in,how the market reacts for the remainder of the month should be steady enough,so long as there is a good run into AHT Q3 release in early march. Oil price may continue to stabilise and rise which will be a plus for URI and AHT sp Energy analyst comment: ''oil price overshot going south and demand is OK going through to 2Q,chemicals and products production is positive'' A busy week ahead and if the AHT sp can remain at high £10 will be ok, but should move up into low £11 for awhile and better still stay there. Good day investing to all.
Analyst comment: ''crude oil inventories in US at a 30 year high,fundamentals remain the same-over supply- but oil is going up,oil at the moment is trading on a technical basis which is one way of explaining it,seems to be bottoming out in a volatile way'' URI does not seem to go over 90$,but if oil can steady and rise to 60$ then shale extraction is viable again.They are now looking at about a three year recovery period. New Tier 4 emission regulations should be a boost for rental companies as it may very well deter companies in investing in their own plant.And equipmdent that they do have which now doesn't meet these stricter requirements will invite the attention of the federal states. February hopefully will be a more stable! month for the market
Market comment: ''the Greek situation as it exits at the minute does not tell the market anymore that it already knows and a agreement will eventually surface on Greek debt'' UK data today: balance of trade new car registrations Twitter results came in well.
Finance /Small company: Small companies financing/investment increased by over 10% and their confidence in US economy going forward is very strong as report reveals. Small companies will be the driving engine of US economy through 2018 and beyond.These companies are diverse and the core investment is in transport,warehousing,accomodatiobn,construction,retail,food not to mention tech and niche markets. Small companies activity will contribute over 900 billion $ to the US economy and a financial structure that offers US companies a varied choice where they source the $$$$$$$$$ In the US for example the active investor who invests in companies wants/demands results and is more than prepared to kick a$$ to get a return on their investment,from the smallest company to the biggest. 78% of S&P 500 companies that have released earnings have beaten expectations. US data today: non-farm payrolls January workweek-wages unemployment January consr credit decr Good day investing to all
Goldman Sachs comment: ''Broadly neutral outlook as regards economy,unemployment under 6%,wages rising,cheaper oil,not worried on deflation! and a floating currency'' ....''market has not responded to growth impact of oil'' ...''80$ would be a fair recovery price for oil but bottoming of price may take some time'' Will market reflect anything on ECB/Greece comment yesterday-more pressure on Greece and more expensive money when they next require it. US data today: initial claims Bloomberg consumer comfort index trade balance Q4 unit labour costs Q4 Germany: factory orders pmi construction BOE/UK Interest rate decision Good day investing to all
Market sentiment: ''Fed will be less aggressive 2015 and patient remark means just that'' ''Greece debt outcome beginning to give a clearer and more realistic conclusion'' Earnings were OK and car sales robust for January! URI moved north 6% and now over 90$ which is encouraging. US data today: ADP employment figures ISM non-mfg index crude inventories AHT sp looking $teady and should start to move up into low£11 for the beginning of march. But where will the oil story settle at? Good day investing to all ''CEO of BP states they are cutting back production and will produce with 50$ a barrel as a focus point,but volatility will be here for awhile'' Asset manager comment: ''Long term US is a good investment for stocks,sound economy and energy independent'' ''EU has sressed tested their banks,they are capitalised and with QE the growth in economy will improve'' ''Geopolitical concerns in EU and democracy versus austerity will be the theme''
Economist comment: ''US GDP for 2015 will be about 2.2%'' ''lack of new investment and deflationary pressures'' Analyst comment: ''strong dollar and slow EU,China and Japan will be strong headwinds for stocks into Q1/Q2'' Economy: Small businesses sales were up 5.4% in 4Q and 64% surveyed were very optimistic for 2015. Small businesses reluctant to increase their prices. Small businesses make up about 48% of US economy. Obama's budget plans is for a 470 billion $ investment in US infrastructure projects financed through a 19% corporation tax if he can get it through congress. Tuesday data: factory orders decr car sales January Approx 200 companies report earnings AHT sp bouncing along,recent broker forecast/Jefferies was £13+so recent analyst/investor presentation by Ashtead has market onboard. Good day investing
Construction employers added 290000 jobs in 2014,the largest increase since 2005. Obama administration Jan/2015 announce a set of new proposals designed to promote private investment in the nations roads,bridges,water systems and broadband networks. The heavy and civil engineering construction segment which includes pipelines,petrochemical and power plants and public works construction added 11600 jobs In December and a 6.6% increase over 2013. AGC urges congress to reform and increase funding for the Perkins Act which funds most careers and technical education programs in the USA 110 companies report earings Monday including Exxon Monday data: ISM manufacturing Personal spending Inflation figures Analysts expect oil company earnings to be down about 30% and also companies that supply oil field equipment will be closely watched. Where S&P 500 index finds support-1900!-will be critical and how much URI is affected during week and hopefully present sp of URI can hold its own will be a plus-anyway a clearer picture will be available by Friday. AHT sp could either slide to low £10 or demonstrate its value and ri$e to low£11 which it may well do. The QE/ECB stimulus anyway will be a plu$ for EU stocks. Former US treasury secretary commented in Davos that QE in EU will fail as QE goes through banks and will be clogged up by regulatory processes,whereas in US QE went via the capital markets. Newsworthy: One of the structural!!reforms that Greece needs to address is tax evasion/corruption and Syriaza promises to address it- so long as the resident Russian oligarchs keep out of the equation We wish them well but Jesus wept Good week investing to all
Never a dull moment Market comment: '' strong dollar,low commodities causing problems for some companies,the rapid fall in Euro and fears of global growth all contributing to the volatiity'' Next week volatility to continue in another busy week.
19thJan: A-Plant has invested in new equipment to continue supporting one of its largest customers-Amey-who have been awarded a 10 year contract by Staffordshire County Council to service the highway infrastructure and any other bolt-on requirements by council has distinct profitable potential. 22nd January: PSS Hire/A-Plant awarded a £800000 contract by Wales &West Utilities-gas distribution. PSS Hire supplies a vast range of specialist products and services to the utility,civil engineering and associated sectors.
Market comment: ''economy firmly on track '' ''investors trying to figure out how cheap oil will impact on global economy'' ''you can't manage monetary policy on commodity prices even with something as important as energy and Fed remark on cheap oil as a transitory phenomena is entirely appropriate'' ''when a interest rate is applied it takes about 18 months to gauge a result,hence the timing is of the utmost importance'' ''the smart phone/app has impacted on Google profitability,when you search its all google and when you arrive you download the app and its good bye google and they need anyway to adapt more to the smart phone world we live in'' US data today: earnings GDP import/exports Q4 Michigan sentiment jan Chicago PMI jan UK data: mortgage approvals consumer confidence Good day investing to all
Investment analyst comment: '' lots of companies are reporting decent enough results but are saying that 2015 is going to be more tough than they previously thought.The market which also looks forward is adjusting''
Associated General Contractors of America report that its member firms remain very optomistic for 2015 and expect employment to be highest for a decade. Growing demand for private construction will drive growth in 2015. 80% of contractors expect to expand about a quarter or less.They see most growth in the retailing/warehousing and lodging segments. Contractors are also optomistic about public sector construction not dependent on federal funds such as water and sewer infrastructure. But challenges remain especially in hiring suitably skilled construction workers to satisfy demand. Good day investing to all
Fed refers to solid growth of economy and job creation. Rate hike maybe June/September '15 Earnings released so far by S&P 500 companies: 70% above estimates 10% met estimates 19% below estimates 20% of S&P 500 companies have exposure to international markets 15% of US GDP is in exports 15% of exports are to EU 40% of US GDP is in housing US data Thursday: over 300 companies report earnings pending home sales bloomberg consumer comfort index initial claims Editorial comment: ''market spooked/confused by tight lipped Fed'' AHT sp looks comfortable and onwards and upwards to £11.50ish by closing bell Friday would be just fine Good day to all thursday
Fund manager comment: ''Fed has little justification to raise interest rates amid a deflationary global backdrop'' ''in 1937 the Fed got it wrong which contributed to the 2nd. leg of the great depression'' ''falling oil prices great for consumer discretionary but what about capital investment,look at caterpillar,minig/commodities falling off'' ''US steel shut down two plants,falling demand for pipelines'' ''2015 will see gold as a good hedge and a positive $tory' ''oil continues to fall,another recession looms'' One thing for sure is we will be having a lot of volatile $oup dished up Good day to all
Market strategist comment: ''markets reaction to an illusion of strong demand hence todays sell off'' ''weak global environment outside US will likely weigh on Wall Sreet in the near term and strong dollar is a concern'' ''ECB's QE will help delay Feds interest rate lift off'' ''Europe equities good value and QE will add to value'' Todays bluechip disappoint House sales up Jobs up Consumer confidence up UK slowing but still OK Encouraging signs from Germany Durable goods well down but decembers figures can be volatile USA data today: FOMC policy statement Crude oil inventories Market sentiment is that Fed will raise interest rates in June/or September or maybe not till 2016 Raft of companies reporting results today. AHT holding well and good to see at £11+ again With these rental stocks as the companies invest heavily in their businesses their debt levels are high and any negative sentiment coupled with curious aggressive shorting on URI like in early January will produce a good old fashioned dip. At these prices AHT/URI are good value Good day investing to all.
Noticed the Berenberg new rating on here...........340!. DONT PANIC, it's for Ashmore PLC not Ashtead, phew!. Lol. GL DD
Portland Cement Association (PCA): Chief economist of PCA forecasts a 20% increase in housing starts in 2015 and also strong gains for 2016. He also commented that sustained strength in job creation coupled with a gradual shift up in the mix of jobs toward higher skill and more significant wage pressures suggest added strength to consumer spending.
Towards close of December 2014 AHT established itself on the Canadian rental market with the acquisition of GWG Rental serving British Columbia and Alberta. GWG is a strong player with wide ranging construction inventory in compaction,aerial,material handling,earthmoving and other items. USA data today: Durable goods House sales Consumer confidence UK data: Mortgage approvals GDP(preliminary) The super snow storm will keep the Rental industry busy on east coast Good day investing to all.
Positive piece here from rermag.com/ Slumping oil prices will not have a dramatic effect on United Rentals, CEO Michael Kneeland told a conference call of investors this week, saying that upstream oil and gas accounts for only about 6 percent of the company’s business. And at the same time, Kneeland noted, lower fuel prices will have other positive effects to mitigate the effects of an oil slowdown. Nonetheless, Kneeland acknowledged there will be concerns. “We’ve dug deep into this issue and while we haven’t seen any significant attrition to date, we do expect some impact as rig counts come down,” Kneeland said. “But we disagree strongly with the idea that our growth is at risk and I’ll give you five good reasons why we feel this way.” First, Kneeland said, upstream oil and gas accounts for only 6 percent of United Rentals’ business companywide. “That’s a very modest exposure, given our fleet can be utilized for other types of customers,” he said. “Even in the battlefield states or a state like Texas, we’ve got deep customer relationships outside of oil. Currently more than 80 percent of our rental revenue in Texas comes from infrastructure, manufacturing, transportation, commercial building and a host of other industries.” Second, the company has strong systems in place for fleet management, including the relocation and repurposing of CapEx through used sales. “Third, we believe that any drag on demand for upstream oil will be mitigated by the positive effect on other industries,” Kneeland said. “Take chemical manufacturing, one of our key sectors. When oil prices decline, manufacturing costs drop, production is stimulated and consumer purchasing power increases.” Kneeland added that United’s widespread geography footprint was a factor in its favor as well, giving it a lot of room to deploy assets, with many in the field asking for more assets, giving the company many opportunities to re-deploy fleet. And lastly, the current growth cycle, with “a lot of runway ahead in the industry upcycle, the macro economy is also trending in our favor,” he said. Kneeland was also bullish on the performance of United Rentals’ specialty rentals sector. “Our full year revenue gain in specialty, which includes the acquisition of National Pump in April, was approximately 83 percent and a gross margin of almost 51 percent,” Kneeland said. “That’s nearly 400 basis points higher than the previous year and our fourth quarter margin for specialty was up nearly 500 basis points.” Kneeland said “key account revenue” increased 16 percent year over year, with national accounts jumping more than 18 percent. “For 2015, we’ve earmarked a $170 million or about 30 percent of our [gross] rental capex to meet the increasing demand of our specialty fleet,” he
URI is corrulated to S&P 500 not AHT
Heavy week on earnings and data release, and Fed speak on Wednesday. Choppy start to Monday and lets hope Asian Mkts are in the Blue. Monday 88 companies release results. Germany:IFO Business data. Good week acro$$ pond then AHT should move back into £11+. If AHT sp moves up on its own merits then that's a great signal from market. Greece,Ukraine and Fed outcome will contribute to a choppy week . But good earnings and sound housing data should be a plus for AHT A bad week on average, the AHT sp could be low £10 as its heavily corrulated to S&P 500 Good week investing to all.