Watch LIVE the focusIR May Investor webinar with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund here.
A-Plant has recently opened a state of the art survey hire express centre in Paisley Scotland close to Glasgow airport and the M 8 to supply the very latest survey instruments. USA data Wednesday: mba mortgage applications new house sales pmi services eia petroleum data Market comment: .......it wont be a case of how many months this volatility will last,its a case of how many years it will last........ One day gloom another day euphoria Have a wild wednesday
OPEC comment: Todays oil get together in Houston, a speaker refers to Shale as the new swing producers and for a decent price to materialise will need a collective discussion......with capex cut significantly the supply of oil will in a couple of years dry up and prices will balloon..... AHT sp looking feisty German business sentiment declines,but economy remains rersilient Have a wild day
PSN come in with $olid data and UK construction and A-Plant are ploughing along Standard Chartered data below expectations and sp -12% Will run up to BREXIT affect stocks - YES/and lots of money making VOLATILITY Have a wild day
Market comment: US economy started to slow about a year ago with the oil impact on manufacturing and strong dollar,but not in recession. and recent data including CPI are encouraging Oil comment: Oil at $80 a barrel by 2020! IEA forecasts oil to be at about $35 by 4 Q 2015 Shocks to downside on price seem to have stabilised! BREXIT so far will be close,but Boris comes up short on his plans if BREXIT becomes a reality Red opening this am and oil declines / and AHT should have a go at £9 again and that will be a positive German IFO data today Have a wild day
good day on Wall Street and URI up 6%+ and over 50$ and investors are back for awhile all good for AHT and 9£ + tomorrow! as one trader commented that volatility wont be going anywhere USA data 23rd.: redbook s&p case shiller hpi consumer confidence investor confidence manufacturing data existing home sales have a wild day
HSBC data disappoints and concern for banking sector putting the squeeze on financing,erspecially start ups and smaller companies is a concern this am not to mention larger firms and all point to recession worries EU comp pmi especially Germany/France are sluggish Main problem for banks are negative interest rates/regulatory requirements Construction stocks sliding - UK recession fears I suppose amongst other pressures AHT may steady and have a run at £9 OIl analyst comment: Oil could still revisit $27/or $25 a barrel Have a wild day
Market comment: US 2nd Qtr/3rd Qtr Corp earnings forecast to contract again,recession!! however wage increases contributing to fall off in profits City market analyst comment: BREXIT will cause uncertainty in market right up to 23rd june referdum and in the mean time investors will be looking for safer bets away from equities CoreCPI last week was highest in 4 years- will there be a hike! EU data Monday: pmi from Germany and other EU countries USA data: Chicago fed national activity index pmi manufacturing flash index Busy week ahead on US data like durable goods and gdp etc AHT sp failed to go over £9 and URI failed to go over $50 During the week the sells were marginally more than the buys URI is known as the hedge fund hotel URI/caterpillar are well shorted and no doubt the same attention arrives at AHT The market sentiment approaching 3 Qtr earnings is one of fear and uncertainty and the main anxiety for investors is the possibility! of a US recession The trend for AHT sp is south for the moment and could fall back to£8 again BUT optimism prevailing the week ahead may see a steady rise in sp and over £9 so long as data released is satisfactory Have a wild week
URI down over 3% Sitting on the ca$h/too volatile and see what next week dishes up Have a wild weekend
19th.Feb 2016 URI announces the opening of 7 new speciality centres for: trench safety power/hvac pump solutions tool solutions Company intends to open another 7 in 2016 amid a growing demand for speciality support/services and is a strategic part of their growth ,as well as AHT similarly growing their speciality business and is very profitable to both companies Have a wild day
BREXIT anxieties contributing
Record high US oil stockpiles Cameron/BREXIT negotiations grinding along US data: cpi rig count Fed speak Have a wild day
Recent analyst rating(resulting from a sit down with management yesterday) is one of outperform and company is confident for 2016 URI share price currently is rising again close to 3% today with a negative S&P 500 index and that sounds good. US job data came in good again leading indicators better than expected URI like AHT continue to grow their niche/speciality business and their business model supports a broad range of the US economy URI is taking it on the chin in upstream oil/gas in US and Canada and have demonstrated their resilience in generating decent revenues in a well run company. AHT is half the size and similarly a well run cost effective money making machine URI's most bearish sp is $60 and bullish is $90 URI should settle at $60 for awhile Time for a pint
Market comment: ........''.broadbased rally in stocks except utilities where strength usually links to desperation and recession...'' FOMC minutes reflect a cautious and data dependent Fed USA data: jobless claims leading indicators consumer data eia petroleum/gas data Philadelphia fed business outlook Wednesdays industrial production and manufacturing surprised on the +++ side AHT sp heading for £9.50ish and with the more positive sentiment in the present uptrend is a big+++ Oil analyst comment: ..''rally in oil is temporary''... Have a wild day
Market comment: Dow Transports and Dow Industrials are curiously diverging which is Bulli$h USA data: mba mortgage applications housing starts ppi-fd Atlanta fed inflation expectations Market comment/oil: the fact that opec/Russia are at least opening coms and meeting kind of are friendly signals for market and it's Risk On# come on down while $$$tock$$$ last
Market comment: Banks sp have dropped about 40% in 6 months because investors fear of central bank decisions and negative interest rates impacting on margins USA data: job data industrial production UK data: jobs industrial production Asia negative overnight Have a wild day
Present value/excellent £8.15/£8.30-great entry point CAUTION URI giving a presentation on 18th Feb Market will be giving close attention URI incurred drop in revenues because of their exposure in Canada Have a wild day
coming months oil between $27/$35 Saudi/Russia not reducing but holding to jan levels iran are building up and Venezuela will not cut back it costs Venezuela about 15$ to produce a barrel market setiment is improving,but just a rebound from big drop market needs some fiscal/or need to act strategy from governments to really get markets moving present positivity might! have a couple of weeks in it and earning season with 1/3 to go have a wild day
A-Plant has acquired the brand and assets of Rapid Climate Control, a leading specialist in the hire and sale of portable cooling,drying and and heat equipment. .Further to the recent purchase of Fral UK this takeover of Rapid Climate Control (estbd for 35 yrs) puts A-Plant at the forefront of the specialist climate control rental market in the UK This acquisition gives A-Plant a further 8 locations/outlets in UK and broadens A-Plants exposure to the events,facility management,media and data centres market and complements A-Plants existing climate control business(mainly construction/industrial sites). And good old fashioned cash flow. Ashtead's PSS Hire has added state of the art mobile winches for the installation/removal of overhead/underground cables,the only company in UK that offers this service USA data: empire state manufacturing index housing market index Market comment: EU needs to diversify it's financing system away from dependence on banks,like in USA where capital markets supply the majority of funds A better sentiment seems to be returning for the moment anyway. BUT as ECB/Draghi commented last year: ''volatility will be around for a long time and get used to it'' AHT sp is recovering nicely and let's see where market decides to place it. If there is some solid movement towards a reduction in the supply of oil then that will be a big +++ USA earnings recession reflects the higher wages paid by companies and that is a +++ AHT has been di$hing up some ta$ty dips in 2016 Stay behind the sp curve Have a wild day
anybody got any GOL£££££££££££££££££££££££££££££££££££££££££££££££££££££££££££££££££££ for sale Have a wild day
the only CERTAINTY amongst all this uncertainty is that a dysfunctional global financial system(suppressing the curve) is wreaking havoc Have a wild day batten down the hatches