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Hi Slipperyslope, Thanks for reply. Just a marginal decline in revenue and market is only too aware of that since Jan 2016 BUT there is strong demand for residential/commercial construction plant The earning data is still more than satisfactory and a growing company in the diverse sense SP range looks between £8 to £9 for the moment The most important thing is decent cashflow The tyranny of the earning season/BUT a decent Dip The market is making money out of this stock Stay Onboard Have a wild day
Hi Slipperyslope, What news are you referring to? Thanks
The algorithim is drunk,stay onboard She is a Bouncey girl Have a wild day
$$$olid Re$ult$: ROI 19% + nine months Rental Revenue 17% + nine months Pre Tax Profit 482 m 20% + nine months Debt ratio to EBITDA 1.9 and forecasted to fall further EPS 23% nine months Double digit fleet growth for 2016/2017 Business model/strategy clearly working Board looking forward to medium term with confidence in strong end markets Both businesses -Sunbelt/ A-Plant performing well Company continues to grow responsibly as per business strategy -------------------------------------------- Datais indicative that the US economy is alive and well Have a wild day
URI investor presentation in January was positive and remarks on non-residential/commercial construction were also positive. AHT were pioneers in a high tech/software approach to rental and are a very cost effective savvy company AHT also expanding its speciality/niche business,wich now accounts for 25% of their revenue What worries investors are the more expensive emission compliant equipment -tier 4- and the significantly high debt ratio's of the big rental companies AHT's debt ratio to EBITDA is well under control and a decent cash flow to service it in a carefully growing company A-Plant also growing well with a diverse modern fleet and speciality business as well as well located stores in UK The winter in USA/UK was alright and months of good weather are just around the corner. AHT sp should setlle in £10 low in the coming weeks EU data today gave inflation at - 0.3 and therefore ECB/Draghi will have to respond on March 10th. Heavy data this week including the non -farm payroll on Friday US economy is grinding along and earnings so far have indicated that Latest comment gives Fed hiking in June A green Tuesday in Asia and oil in +++ mood will be ideal for UK opening bell on 1st March am Time for a pint
Editorial recent comment: Rental forecast projects stable future growth for equipment rental industry over the next few years. Total revenue projections for 2016 : 6.6% ; 2017 : 5.6% The forecast reflects the downward shift of investment in energy markets and continued growth in non-residential and commercial construction There is no doubt that the secular shift to rental equipment continues in the markets those in the rental equipment industry service.Many clients continue to take advantage of the benefits that equipment rental offers and also to clients that are highly leveraged or legacy debt. Rental companies are also adept at identifying clients and relocating equipment to different areas to take advantage of increased demand. This is a dynamic industry that continues to have a bright future for revenue growth. Rental industry revenue 2016 : 48.2$ billion and up to 2019 : 53.7$ billion all based on US government agency data and from a 100% company sampling. The changes in total revenue in the US however have not impacted expected growth rates forecast by private economic forecasting firms - meaning figures being revised up Residential construction market is expanding as well as prices.Also non-residential growing strongly.Commercial construction growth will fall from double digits to high single units but remains fundamentally strong. The passage of the Transportation Bill has improved the outlook for infrastructure related spending for the first time since the stimulus package of 2009.These considerations bode well for construction,industrial and general tool rental. Present rental penetration is around 52.9. Rental penetration is measured as the share of the US construction equipment fleet accounted for by rental companies. Rental penetration will decrease if rental companies acquire fleet slower than contractor owned equipment or if they divest fleet faster than contractors. The story of 2015 was that construction markets were hot and energy markets were not.Equipment in shale oil exploration was no longer in demand,yet much of the equipment was well suited for construction.Rental companies could then easily re-deploy their existing assets from energy to construction. Rental fleets still grew in 2015 but at a slower rate while the investments by contractors remained unchanged. The result is a mild dip in rental penetration that's indicative of the flexibility of the rental industry and not any weakness in the rental industry outlook. ------------------------------------------------------------------- USA data Tuesday: vehicle sales redbook pmi mfg ism mfg construction spending AHT sp in a fei$ty mood and market moving it up is a good sign on a quiet day Conditions for Qly earning release is much improved,namely: market in a confirmed uptrend - US markets 5.5% + since Jan 11th. steadier oil fed hike unlikely i
Recent editorial comment: ....new infrastructure projects set to stall for remainder of 2016..........however 5 year forecast is signifiacantly stronger than pre- 2010,overall near term outlook appears positive and growth to continue in private housing,industrial and infrastructure segments,but some areas are languishing..... -----as oil goes up in price towards end of 2016,then also costs will move higher.... UK data Monday: mortgage approvals m4 money supply USA data: Chicago fed national activity pmi manufacturing index flash G20 get together does not come up with any coordinated approach to address global economy Price of oil beginning to drop somewhat on Asian markets this am Berkshire Hathaway came in with solid earnings for Qtr and Warren Buffet is comfortable with US economy going forward. And a modest rally underway in Asia as we speak Have a wild day
Asia nice and green Oil traders still bearish/price fairly static Venezuela and some other OPEC countries meeting again in March to try something new as per this am news RBS bank cut their losses in half Have a wild day
Walll St at closing bell very nicely in the green and S&P 500 above its 50 day moving average URI back over 50+$ Market comment: .......with these good durable goods it may start to indicate the pressure coming off US manufacturing....and December revised upwards.... USA data Friday: GDP consumer income and outlays international trade in goods consumer sentiment An all green bounce in Asia will give the ideal opening bell for Friday am,and hopefully oil will be steady Have a wild Friday
Durable goods should read : 5% +
US Durable goods came in @ + 3.6%+ for January and Jobless claims came in to expectations URI down again with oil AHT put in a feisty day and lets hope tomorrow is calm in these bouncey markets Time for a pint
Looks very healthy And Shanghai comp collapse did not effect Europe Oil in green Futures acro$$ pond also green £9+++++++++++++++++++++++++++++ come on down Have a wild day
Market comment: Markets remain cautious ahead of ECB meeting 10 th March EU inflation increased %0.3 Oil down Futures across pond RED Now ??? about liquidity of Chinese banks Have a wild day
Editorial comment: Senior industry figures forecast solid demand from UK rental buyers and beyond in 2016...... with more hybrid plant in demand to accommodate latest emission regulations USA data: durable goods fhfa housing data jobless claims consumer sentiment manufacturing data eia gas data Fed speak Wednesday's US economic data was weak with services sector numbers the lowest in over 2 years US is experiencing a profits recession in a slow growth economy and economists estimate the GDP to be around 2% + URI under $50 again One day is a long week in these bungee markets Have a wild day
should read: (foreign investors).....
Came in today down nearly 10%,mainly expensive houses(foreign)not selling URI/AHT main money maker are non-residential/Commercial Residential housing supplentary only to companies with a diverse rental portfolio Time for a Pint
GOOD DAY Paul It's an moronic algorithim that thinks: OIL=URI=AHT = somebody is making a load of money Hopefully it drifts into £8 low Non-residential construction is forecasted to grow 6.6% in 2016 and AHT is a proven P£RFORM£r Have a wild day
Wall St futures RED URI will probably go South again and AHT may revisit £8.30/40ish and a fabulous$ top up price Have a wild day
Markets are very fragile and caution is urged,but buying opportunities will occur as per a fund manager comment this am Oil will continue to pressure equities --------- Some well heeled Tories want a BREXIT and now we have LSE hoping to make a union with the Deutsche Bourse what a load of bo££u* Have a wild day
At present prices= VALUE = TOP UP On 1st March SP could jump to £9.50ish Lets hope earnings day is a Blue day Donald Trump will save us all / and Jesus Wept US unemployment is forecasted to fall to about %3,6 within 18 months Have a wild day Have a wild day