Market Commentary - Housing, Infrastructure, Construction and Services 4th April 2017
There is no direct relevant news this morning. The other rises were small with Berendsen’s 1% increase to 740p indicating some support that may be starting to return. The proposed bid for Atkins from SNC- Lavalin has received considerable press coverage so there is limited information we can add at present. Wolseley’s share price has dipped following the recent half year results and was the largest faller yesterday, down a further 1.5% to 4944p.
Read more...Market Commentary - Housing, Infrastructure, Construction and Services 3rd April 2017
Renew Holdings has issued one of its usual short trading updates this morning up to the end of its half year to March 2017. G4S has made another disposal.
Babcock has announced a new contract which may silence some of its critics. This week is slow in terms of expected announcements. HSS Hire reports its finals for 2016 on Wednesday and Homeserve will update on Thursday with news of trading up to its year end of March 2017.
Read more...Huawei - Rivers of blood pt. IV
WE are pretty sure that Huawei lost money in handsets last year
Read more...Market Commentary - Housing, Infrastructure, Construction and Services 31st March 2017
Speedy has issued a short trading update to mark the end of its trading this year. It told us in early February that earnings for the current year will be above the existing expectations and since then there have been a few Director share purchases. Atkins rose by 1.6% yesterday to close at 1512p. The market may have woken up to the comments that imply it had a very good year in 2016/17, which ends today.
Read more...Market Commentary - Housing, Infrastructure, Construction and Services 30th March 2017
Polypipe has had a strong start to the year, the shares are up 9.2% YTD at 353p and the 2016 numbers announced this morning indicate a large part of the reason for that support. Balfour Beatty was the best mover yesterday rising 1.7% to 269.3p. Berendsen, who loves ya? Nobody at present, it would seem, as the price has drifted downwards to 740p at close yesterday, the lowest level since March 2013.
Read more...China to build UAVs in Saudi Arabia
UK’s biggest defence export market looks east
Saudi Arabia has signed a strategic partnership with the China Aerospace Science and Technology Corporation (CASC) in order to establish the manufacturing of Chinese Unmanned Aerial Vehicles (UAVs) in Saudi Arabia. This announcement is significant for two reasons; first it shows that Chinese defence companies are now competing with their western peers, and second it will challenge the UK Government to become comfortable with Chinese made military hardware operating alongside UK built military aircraft.
Read more...Market Commentary - Housing, Infrastructure, Construction and Services 29th March 2017
Just a few items of note today including more changes at the top at SIG, results for 2016 from Entu and Telford has announced its fourth completed PRS scheme in a deal worth £54m for 112 new homes that will be finished later next year. Ferguson/Wolseley’s numbers were greeted positively yesterday and the stock rose by 5.1% to 5130p. The uplift may in part be in anticipation of the likely change of domicile to the US which should trigger a higher rating.
Read more...Edison KOL call
Edison KOL Call: AML
The fifth in our KOL series, Edison sponsors an interview with Dr. Douglas Smith of the Johns Hopkins University School of Medicine. The conversation featured a discussion on emerging AML treatment.
Read more...Market Commentary - Housing, Infrastructure, Construction and Services 28th March 2017
Wolseley has produced a solid set of numbers at the half year with organic growth in revenue of 3.2%, which translates to 6.7% at CER and 24.5% at AER. G4S was the most popular stock in our universe rising 1.5% yesterday to 302p. Predictably Babcock was the back marker after its news yesterday on the Magnox nuclear decommissioning contract. It fell 4.3% to 877p.
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