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Ashtead Group Share Discussion Threads
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|Good day Disco
Sort of. They like to leave you guessing what they are going to do next.
Yesterday's looks like a Graveyard Doji, opened and closed at the bottom of the candle.
To-day the share price gaped on open, dropped but has pulled back up to the opening share price
Bears have been in control since the high at 1365 but bulls are putting the brakes on, will they hold. You can almost smell the burning rubber!!|
|Are they like Ninja's?, pesky little F&£)(rs!DD|
|A doji to-day so honours even between buyers and sellers.|
|The share price has dropped below 1300 and is currently supported on the 50% fib at 1280 (September high and low).Failure to retake and hold above 1300 is likely to result in a test of lower fib levels.|
|Thanks mjcferguson.Scanning through URI's previous quarters for their current FY, the latest was the first where they have increased their year end targets, ok they may only be marginal increases but a positive sign nonetheless. Michael Kneeland CEO commented:"Based on what we saw through the third quarter, and what we hear from our customers, we remain optimistic about the cycle. We now expect our 2016 rental rates and adjusted EBITDA to track toward the upper end of prior guidance and free cash flow to exceed our prior expectations."DD|
|Nice one MJCF!
I see URI are currently +7.6% up at present, most encouraging 😄|
|United rentals third quarter figures out today look pretty steady, albeit they do not show the growth that AHT is achieving,partly due to headwinds in their oil and gas business (which AHT has minimal exposure to.|
|I note the gap at 1309 was filled yesterday. Now being resisted at 1320.
After filling the gap yesterday the share price continued down below 1300 but pulled back up to close just above 1300. A close below 1300 would be concerning.|
|A slightly disappointing day.
An early rise above 1350 and up to just short of 1370 but unable to hold. Dropped back below support 1320. High volume indicates profit taking. With profit takers out of the way perhaps the next attempt will hold.|
|19.10.16 URI Q3 results.|
|Morning bracke and fenners,
Speedy was the involvement of the activist investors who or what ever they are .
I was referring to AHT's resent shorting history.
I have done some research on shorting in the past, as I have a long term holding in IQE which was shorted almost to extinction.
It is apparently a accepted ploy when a hedge funds ect. are looking to build a position their first move is often to short the stock.
The article I read was about Blackrock who often hold stock and short it at the same time as a hedge they say.
Hope that makes my ramblings a little clearer.
|Good day fenners
Perhaps 2flat can confirm which he was referring to, AHT or Speedy.
Getting the absolute bottom is difficult but for me charting gets me in at a reasonable level.
This morning the share price managed to break above 1350 and is currently holding at that level.
Just a reminder the All Time Intraday High was 1375 on 07 September and the All Time High Close was 1347 on 10 October.|
|JP Morgan Cazenove
Ashtead Group PLC
|Peel Hunt's ' TP of 1500p under review.
This is a classic case of never sell until the story changes.|
|Sorry Bracke , I read 2F's post as definitely referring to AHT being shorted.
2F interesting to read about the strategy for a takeover starting with shorting.
Tactically it makes sense.
Someone always has a reason to sell, needing the cash , needing to collect CGT allowance , just getting a nose bleed looking at their paper profits, but there are less reasons to buy.
So if they can get a little price fall going the trickle may turn into a torrent.
Then when the price has been low enough for a while a bid at a premium appears better than it is.
I recently looked at the price action with TALK TALK, and wondered if someone was doing the same.
Bought some for the prospective dividend yield , but would not be surprised if there was a bid to follow.
Bracke - T tried to time my buy with a little charting, so didnt get the bottom, but i'm still the right side of it so far.|
Now that you have edited your post it is apparent you were referring to Speedy as the shorting target and not AHT.
My phobias are not for discussion but I will say that they do not include Speedy.|
Sorry for my poorly written post, have edited it, to make it a little clearer what I was trying to say.
I can,t understand your phobia with Speedy Hire.
|Good day 2flat
You are the second person this week to use the 'S' word. Please desist it upsets the natives.
The share price continues to defy the market direction but is being resisted at 1350. Surely having fought back from 1180 it will at least attempt an all time high and maybe 1400.|
I've just been reading activist investors are targeting British firms .
Since June the amount of money invested by them has risen from about £2 billion peaking in Sept. at £3.8 billion.
Speedy Hire appears to be one.
I also read, when looking long term at a take over, they often begin with a shorting campaign .
We (AHT) have already had the shorting campaign.
Makes you think?
AHT must look very attractive.
The 5 year 50% plan was mentioned in the last results update but I don't think before that.|
Can anyone ,off the top of their head tell me if this 5 year 50% plan is new, as I cannot remember it.( old age me thinks),or is it an expansion.
|TP under review .
Ashtead Group PLC
|Ashtead Group plc is holding a seminar for analysts and investors in London this afternoon.
This seminar will focus on the Group's North American business, Sunbelt Rentals, and our five year plan to increase our location footprint by circa 50%
by 2021. We will also identify those elements of the market that we believe have the greatest structural and cyclical opportunity and how this continues
to influence our growth plans.
The seminar will also include the following update on current trading: Both divisions have continued to perform well in the second quarter of the current financial
year and we expect first half results to be in line with our expectations.|
|He's probably recommending it as a hedge against AHT.
The share price held up well yesterday considering the market volatility but I thought it disappointing that it didn't have the good grace to fill the gap down at 1308.|