BAM Groep Koninklijke NL0000337319

Britain needs rebuilding....

1. Putrided 7 juli 2016 10:57

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   • Putrided

     Lid sinds: 05 mei 2018

     Laatste bezoek: 13 jun 2022

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   All die negatieve verhalen, nou zeg....even een ander draadje om er een wat andere draai aan te geven.
   BAM maakte dit kwartaal voor het eerst weer winst en staat nog steeds op kopen bij 7 analisten, geen een op houden, geen een op verkopen.
   Naar ik denk het enige aandeel dat deze ratings heeft.
   De slechte projecten zijn er eind dit jaar wel uitgewerkt.
   Het bedrijf draait als een tierelier, de huidige projecten in Engeland gaan gewoon door hoor hallo. Met lagere kosten daar het pond minder waard is, maar ook minder winst in Euros, hetgeen een zeker percentage van de totale winst gaat worden de komende jaren.
   Als het pond zeg maar met 30% daalt en de totale omzet van BAM in Engeland 30% is zou dat met een dikke duim 30% minder winst uit Engeland zijn in Euros. Aangezien dit maar een gedeelte van de winst is en de rest elders in Euros wordt verdient zou dat ongeveer 10% minder winst in totaal zijn.
   Lees ook onderstaand zeer verkorte artikel en begrijp dat het helemaal niet aannemelijk is dat er na 2017-18 minder orders uit Engeland gaan komen. Integendeel.....
   
   Warren Buffet: Kopen als het bloed door de straten vloeit. Misschien toepasselijk op BAM. Wanneer kopen is de vraag natuurlijk, maar in 2017 staan we weer net zo makkelijk op 5 of hoger.
   
   Ook: Misschien komt er helemaal geen Brexit haha, dat zou me ook niets verbazen. Een referendum is helemaal niet bindend en politici kunnen alles recht praten.
   
   Ik zie graag wat gefundamenteerde reacties op deze verkorte posting.
   
   dailyreckoning.co.uk, I've been banging the drum about the need to invest in infrastructure.
   Spending on other parts of our key national infrastructure has also been grossly inadequate. Britain needs rebuilding.
   
   Since 1990, UK daily household water use has grown to 8.5bn litres and is still rising. The government's Natural Capital Committee estimates that demand will soon rise by almost another one billion litres a day.
   
   In fact, a government white paper predicts a future scenario where there'll be "less water available for people, businesses and the environment" leading to "significant unmet demand" in the future.
   
   We've all seen the headlines about inadequate flood defences. In fact, structural damage done during a flood is likely to disrupt supply of clean water even more.
   
   Flooding and scarcity of water are really the same infrastructure problem. They're just being fought on two different fronts.
   
   The roads can't cope
   
   Further, if you're a regular UK driver, you'll know that our road system can't cope.
   
   For traffic congestion across more than 100 cities worldwide, in 2015 London came top with drivers wasting an average of 101 hours, or more than four days, in gridlock.
   
   The average British driver spends 30 hours a year stuck in traffic jams. There are simply too many cars for the existing highway network.
   
   Even worse, many of our roads are in dire need of repair.
   
   Estimates from the Local Government Association suggest that the government's fund to fix potholes is some "230 times smaller than the amount needed".
   
   A survey by the Asphalt Industry Alliance argues that truly fixing Britain's road network would cost £11.8bn and take around 14 years.
   
   And it's not like you can escape the jams by taking the train.
   
   Office of Rail and Road data show that the number of passenger journeys on franchised rail services in Britain in 2014-15 increased by 4.2% to 1.65bn.
   
   And the numbers keep rising. UK rail passengers made about 1.7bn train journeys during the past year, according to the Rail Delivery Group (RDG), 3.7% more than in the previous 12 months.
   
   Passenger revenue grew by more than 5% to £9.3bn in 2015-16. The RDG's Paul Plummer says it is "vital that we invest and plan long-term for this ever-growing demand".
   
   Between 8-16% of Britain's electricity - equivalent to three nuclear power stations - is consumed by the internet.
   
   The amount of electricity needed for expanding internet use is doubling every four years. So if UK internet usage continues to grow, according to last year's comments by Professor Andrew Ellis of Aston University, by 2035 it could use up all Britain's available power.
   
   Further, soon we won't be able to squeeze any more information into the single optical fibres that send information to our laptops, smartphones and tablets.
   
   Again, more spending in this area is urgently needed.
   
   So what is our government doing about all this?
   
   First, it set up the National Infrastructure Plan (NIP).
   
   Second, it has just updated and replaced the NIP by the new National Infrastructure Delivery Plan (NIDP) 2016. This sets out details of £483bn of investment in more than 600 infrastructure projects and programmes to be made across the UK up to 2020-21 and beyond.
   
   The government has already made spending commitments of more than £100bn of taxpayers' money by 2020-21. And the private sector is ready to play a major part in this story as well.
   
   Our government doesn't have any real choice here. Britain needs rebuilding, full stop!
   
   In summary, I believe that the case for UK infrastructure is very compelling. And I'm convinced that it will create some great investment opportunities.
   
   I'll be bringing you more on those soon.
   
   Best wishes,
   
   David Stevenson
   For Risk and Reward
2. Putrided 8 juli 2016 07:55

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   • Putrided

     Lid sinds: 05 mei 2018

     Laatste bezoek: 13 jun 2022

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     Ontvangen: 948

     Gegeven: 14

   •    Aantal posts: 1.574

   Nog een verkorte uittreksel van de Risk and Reward site over hetzelfde onderwerp.
   
   In the pre-Brexit era, the Osborne era, a cut in Britain's credit rating was headline news. It shocked the nation. And it reinforced the argument for more spending cuts.
   
   But we're not in that world any more. Austerity is out. Spending is in.
   
   This week Stephen Crabb, an up-and-coming Tory who's standing for the party leadership, has suggested a £100bn splurge on infrastructure spending. His plan is being backed by Sajid Javid, another Tory up and comer who had previously worked in the City.
   
   £100bn is a lot of money! By comparison, the Cameron-Osborne Government cut capital spending from £57bn when they arrived in office to £42bn in 2014.
   
   And Crabb and Javid aren't cranks. They're considered the next generation of Tory leaders.
   
   This year's leadership contest is probably too soon for Crabb. But by standing he's putting down a marker and establishing his positions on the key issues. He thinks "fixing the roof" has lost its appeal. Prudence is out.
   
   My point is very simple: Britain has been starved of investment in its infrastructure for decades. This goes way beyond the Cameron government. It's been going on for decades.
   It's only when you're abroad do you realise how shabby a lot of Britain's infrastructure is. I can now see it from my perch in Copenhagen, where gleaming fully-automated metro lines whisk people out to a big glassy efficient airport.
   
   It's becoming obvious to everyone, from international visitors to left wing politicians and now candidates to lead the Conservative Party, that Britain needs to catch up. It's going to cost hundreds of billions.
   
   And some companies are going to be on the receiving end of those contracts. It's going to be a bonanza for a small number of construction and infrastructure businesses.
   
   My long-time colleague David Stevenson, the editor of Strategic Intelligence, has been studying this sector for a long time now. He's been working out what's likely to be spent in what government departments - and who's going to get the contracts.
   
   On Thursday David's going to publish his findings right here in Risk and Reward, and tomorrow I'm going to allow him to explain things in a bit more depth. Stay tuned.
   
   Best wishes,