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Editorial comment: ...''The Bond market is concerned that the US economy is not really improving and deflation could be a concern''... ....''FED remain bullish on economy and will be patient and data driven''... ....'' On the political level the re-election of Greek/Japanese governments would be well received by markets''... General sentiment is that end of year re-allocation of portfolios going forward is contributing. Volatility remains for some time. Some remark that oil price is due to lower demand and others say its a technical level due to forced selling. New governments in Greece/Japan might signal end of reform and defecit reduction and would not be well received by markets. Never a dull moment. Merry Xmas
FED meet 16/17th Decr will they signal rate increase! Their thoughts on present market conditions should be of note. Financial article: ''But Oils decline which has gripped financial markets with its ferocity could continue to take centre stage as investors weigh whether the benefits of cheaper crude prices outweigh the pain for producers and the industries that support them''. ''Oils 12% drop choked stocks and sent buyers scurrying into Treasurys''. A lot of liquidity has come off markets and portfolios have been pruned.All this volatility does not bode well for $anta unfortunately. But one thing for $ure if one is patient and careful enough some very appeti$ing prices will present themselves for a good old fashioned payday in 2015. Never a dull moment. Merry Xmas
I'm now hoping for a bit of a dip to get back in. Took some profits on Wednesday, but just at the wrong time! Hate it when that happens! Here's hoping for a return to 1100 then a strong bounce to 1200 plus! $$$
that was meant to say wish....i got out some years ago after doubling my £1k to £2k thinking i had got a good deal!!!!
Ashtead: memories for hire: Ashtead might operate in the gritty business of hiring out construction equipment, but its results are sparkling. First-half revenues rose 16% and earnings per share were up over a quarter, as the company enjoys the recovery in the U.S. (home to most of its business) and takes market share. The shares, already up 42% this year, rose another 10% on Wednesday. To dive into the shares now is to be confident that the company is well positioned next time life gets tough. Ashtead’s end markets are inherently cyclical. When people stop building they stop renting diggers, forklifts and hydraulic rock splitters. The company’s protection from the worst of this comes in two forms. First, it keeps its kit up to date, giving itself an advantage over rivals who cannot afford to. Capital spending will rise from £741 million last year to about £950 million this year as Ashtead expands and renews its equipment. Second, Ashtead keeps its balance sheet strong. Net debt is a comfortable two times earnings before interest, tax, depreciation and amortisation. A valuation of 16 times next year’s earnings — a premium to rival United Rentals on 13 — suggests comfort with the strategy.
Yeah yeah we believe you...no one likes a smart ARS* We use their equipment in the offshore inspection business, wish I had taken some when I saw how much they make off our rentals...some of their kit sits on the boat all year round! Great company to work with. Well done all the long term holders
I wish I had put the whole of my pension pot in this just 5 years ago. Still as WB says it all looks clear in the rear view mirror.
I will i kept the £1k i had in this from the single figure pence days!!!
Great company - hooray !
Hi Slipperyslope, Great payday for all I hope- decent BRITI$H COMPANY in a dynamic business Back on the wing$ again waiting for next opportunity Never a dull moment Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$$
That is the sort of RNS I like to see. Great set of interim results plus looking good for the full year. Very decent company this one. Merry Xmas V100.
Another strong Result .Decent company. Great ca$h flow. Commentry By CEO Drabble last year in response to skeptic analysts(some) .......''We have the luxury of being able to buy our equipment on very very short lead times and therfore the concept of an annual capital budget is alien to us''..... The market will respond po$itively - 50 p to begin with would be ideal. Good day investing to all Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$$
Analyst comment: from 5th.Decr.......''unsurprisingly URI effectively(and proactively) segmented its oil and gas exposure leading investors to conclude that severe scenarios would likely pose only a slight(and manageable) impact on still net double digit year-over-year EBITDA growth 2015''.....outperform rating Not that life was interesting enough the Greeks get in on the act. Election on 17th Decr! Wall Street came back nicely with small cap business sentiment at 7 year high. Oil might steady and go higher! Hopefully there will be a kick on effect to Asia overnight URI sp started north again before cosing bell. AHT broker forecasts today-CS £1220 and Investec £1250 Q2 release before opening bell and with calmer ! market sp should spike £orth for awhile. From the euphoria of Friday to despair! of Monday/Tuesday-never a dull moment. Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$$$4
Analyst comment: ---''Oil demand steady - probably fall below $60!-sanity returns around mid January- OPEC will leave it sweat away for another couple of weeks''..... Economic Data US: JOLTS NFIB-National Federation of Independent Businesses-sentiment Both of the above are expected to be good. UK Data: Industrial and Manufacturing Production Various German data Interesting ! to see how FTSE and Wall Street go today AHT remains $teady ahead of Q2 FED meeting eagerly awaited Good day investing to all Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$
Trader comment: ....''Clients sitting on their hands.Trading on technicals-sell off'' ...''.Investors waiting on data before they decide to push market higher''.... ......''Portfolio managers reallocating their portfolio before year end''...... ......''weak data from Japan/EU contributing''.... .....''Looking at S&P500 @ 2100 for year end''..... AHT sp held its own which signals well for Q2 10th. With construction stocks hit and FTSE 100 down 1% the sp did not follow- a plu$ Never a dull moment Merry Xma$$$$$$$$$$$$$$$$$$$$
Chief investment strategist comment: ''Capital spending poised to finally rise in a meaningful way in 2015 which will lead economy on a continued upswing and continued wage growth''. ''S&P 500 to gain about 10%+'' ''Foreign investors will look at US markets as a safe profitable play which will be another positive for US stocks.Will be irresistible to foreign investors as the strehgthing dollar also gives them a double boo$t for their investment''. ''Recently completed a three week fact finding tour of major european financial centres and spoke with about 200 portfolio managers and not one spoke of european stocks.Their main interest were US and emerging market stocks'' ''European portfolios well underweight on US stocks and all bodes well for US stock market in 2015'' Economic data today: Germany industrial production Good day investing to all. Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
A recent survey of 800 small companies state they intend to increase their capital expenditure in 2015. Japan in recession,retail tax a contributor but economy on the mend.
Economist comment: ''Stocks rally and bonds sell off shows that investors now believe in the economic recovery and the equities Bull market and expect the Federal Reserve to start raising rates by mid 2015''. ''The dollars rally against other currencies shows that global investors think the US is the most attractive place to invest,because the US economy is far and away the best in the developed world''. ''At some point stocks will suffer a correction but right now as the holiday season frenzy begins I don't see anything to stop US stocks from moving higher''.
Chief economist comment: ''It's really a good report in terms of its components.This is really good news for main street and really interesting news for Wall Street.Because it raises not just a policy issue in US but increases the divergence issue between US on the one hand which is growing quickly and Japan and Europe.So we are going to see major movements in currency markets.This going to be really interesting to see how Wall Street digests this number.'' ''Divergence is the theme for Q4 and 2015.'' ''The main issue for all of us is to allow the currency market to be the only shock absorber in this more divergent world which is happening right now,fiscal policies are not adjusting,structural reforms are not adjusting,so it's the currency market.'' ''What we know from the past that when currency markets move as much as they have so far they tend to break something .This is going to be really interesting for global implications as well as what it means for the FED'' FEDS next get together on 16th/17th is eagerly awaited. Merry Xma$$$$$$$$$$$$$$$$$$
From a article published on 3rd.December: US construction up 3.3% in year to October.The year -on -year increase was driven by the private non-residential sector which which was up 6.4%compared to a year ago.Private residential construction was up 1.9%.Public construction sector disappoints but was up 1.5% compared to October and the biggest month-on-month gain for any segment of industry. Chief economist for the Associated General Contractors of America - AGC - says: ''Private non-residential construction inched down from September to October but has risen at double digit rates - 11% - for the combined January through October period.Private residential construction continues to grow modestly with multi-family construction taking the lead on a annual basis''. ''For 2014 as a whole and 2015,private non-residential spending and multi-family spending should be the strongest segments followed by single family construction with limited prospects for public construction''. Sunbelt/A-Plant continue to expand and diversify their business model apace and have made recent acquisitions and strategic partnerships and hiring. Sunbelt website needs updating. UK autumn statement chancellor Osborne to provide £19 billion for UK roads. Warren Buffet: ''Games are won by players who focus on the playing field not by those whose eyes are glued to the scoreboard''. correction to previous post reply should read ''Slipperyslope'' Looking forward to another great week. Will the DOW crack 18K One analyst remarked that S&P500 and DOW could remain about the same on average but may not follow stocks £orth. Merry Xma$$$$$$$$$$$$$$$$$$$$$
Hi Sipperyslope, The market has been pushing up the SP at a nice steady pace so all going well about mid £11 approx by Wednesday and with Q2 release another 50/60 p £orth and onwards and upwards to mid £12 end of month. Optimi$m United Rentals very optimistic for several Quarters to come. The job report Friday generated sound confidence and the financials going well and also a great boo$t for $anta. JOLTS report Tuesday will also add to the momentum. Core retail sales on Wedneday. Federal Reserve get together on 16th/17th December with a summary of their economic projections and press conference by the chair. This SP has plenty highway ahead of it so I can't see any traders cashing it in before Xmas and should go well in January also. 70 billion treasury auction towards week end and closely watched by stock and bond traders as on analyst put it and confirm the Feds rate hike intentions about june 2015 which wili only be incremental. Analyst comment: ...... . ''Fridays job report had a positive response from Market and did not care that bonds wre selling off.Here's the story the dollar is the story,oil falling and the yen craters and bodes well for monetary inflows int US.Good for stock market.Market goes higher into new year.''....... .......market awash with liquidity''..... So long as Putin does not over indulge and fire a rocket into Ukraine or some other geopolitical muck Recent broker forecast put SP close to £13 but that CS £30 would be alright as well. A lot of data coming from Asia during week so hopefully it stays nice and green. Merry Xma$$$$$$$$$$$$$$$$$$$$$$$$4
Morning V100, Follow your posts on a regular basis as have held this stock for some time now. Do you see this rallying to usual year end. Note results out next week which by all indications should be good. I see CS have 3000p target which also looks good but might be another two/three years before we get there.
Analyst comment: .....''investors bet that Dept.Commerce non-farm payrolls will beat expectations''....... .....''Draghi's use of word ''intend as opposed to expect to increase ECB balance sheet with broadly based asset purchases seen as a positive sign''......... One thing for sure gold traders short on Gold must be rai$ing a toast to Mr.Draghi. Economic Data: Factory Oders USA/Germany GDP(1st release) EU AHT sp looking re$ilient and has momentum in generally the best time for investing and fueled by Market expectation of a good Q2 result. Reliable comment from interviewed economists on BBC Radio 4 state that QE will happen in Q1. ECB still assessing effect of falling oil price. Good day investing to all. Merry Xma$$$$$$$$$$$$$$$$$$$$
Financial institutions generaly do not see the EU as a major problem but more a small concern.The EU companies that have the pocket to get things going will have to be enticed somewhat more. ECB decision will cool down the markets and thats a plus. The Germans want reform and investment/consumer confidence is their mantra. Cheaper energy will be a plus for EU. AHT sp should be at a £11+ for Q2 release on wednesday and Friday week £12+ With the US economy in more robu$t shape we might be treated to a good old fashioned sp upgrade-optimi$m Merry Xma$$$$$$$$$$$$$$$$$$$$