Nobody can foretell what the fallout from Trump and Brexit will be for construction projects. @Braintot
Fallout?
Trump is great for construction. He wants to stimulate that sector by US $1 trillion, and apparently has earmarked 50 mega projects that could be started soon. It's all over the news. The construction sector of the US stock market is actually booming.
That's one reason why the DOW just busted through 20,000 (to 20,070- up 186) and the NASDAQ also hit a new record (5,666) on Friday. That and Trump cutting red tape for businesses severely. Construction jobs are also already trending up in the US.
http://www.marketwatch.com/story/st...banks-moving-up-on-dodd-frank-talk-2017-02-03
https://hotcopper.com.au/threads/construction-in-us-booming.3206069/?post_id=22370786#.WJaVIxt96Uk
That is where people get it wrong (even Alan Kohler on the ABC news) - it is not Trump who caused construction project decision delays, it was the uncertainty around the outcome of the US election- that is done and dusted now. Decision makers have moved on quickly.
According to a recent investor briefing with Leigh Jasper, post Brexit uncertainty has already settled down in the UK, and of course, the UK government now wants to focus on economic growth (read, new infrastructure projects).
@Braintot if you want to see growth happening before your eyes, just go to the ticker on the ACX web site.
There are currently 4.876 million users (up from 4.5 m in late August 2016) and 951 million documents, both growing as you watch, and Aconex runs the software and stores all of those documents on its own ultra secure servers and allows access to a neutral platform for multiple diverse users, creating a no delete audit trail that makes disputes a thing of the past.
There's no on-site installation, upgrades, bug fixes etc etc to worry about- its all in the cloud.
That's also a growth of over 60,000 new users per month, net, and growing. The ticker is towards the bottom of the page.
https://www.aconex.com/
Reports are that not one of the 670 Conject customers from the acquisition has been lost so far.
To understand the impact of this properly here is a short video:
https://tinyurl.com/gwqvd3u
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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.
