Ashtead Share Discussion Threads

[rhatton] 10/4/2015 11:43

Thanks Bracke! I really enjoy reading your analysis. Thanks

[bracke] 10/4/2015 11:29

rHatton

I'm sure you know as well as I that shares can and do make more than two tops. One can argue the situation either way......the more tops the greater the chance it will eventually break through or the more tops and failure to break through the greater the chance it will fail to.

I view tops and bottoms as part of the overall price action.

Viewing the long term Daily chart it shows up until this year a series of higher highs and higher lows. Since the start of 2015 there have been higher lows but 'flat' highs which is forming an ascending triangle.

The Daily SMA 200 effectively forms the rising trend line and is a good indicator of likely price action.

I will now set myself up for mockery and ridicule. I can't believe I'm doing this.

IF the Daily SMA 200 supports AND IF the share price rises at the rate it has done when supported by the SMA 200 then.....there is a probability of a triple top by the end of May.

[rhatton] 10/4/2015 10:43

Bracke....do you think the double top will have any further impact with weakness?

[bracke] 10/4/2015 08:38

Viewing the Daily chart shows that on each of the occasions over the past three years that the share price has dropped to the SMA 200 it has been immediately supported. It has proved to be an excellent buying opportunity.

[macarre] 10/4/2015 02:20

Bracke - agree with your view. Decent chance of a drop to 1030p imho.

[bracke] 09/4/2015 12:07

1050 is likely to offer support but a dip to the Daily SMA 200 at 1035 is a reasonable probability.

[discodave4] 08/4/2015 08:34

Thanks Bracke.From a novice's perspective it's been going crab - sideways - so far this calendar year and doesn't know which way to turn!. Perhaps a bit of sun on its back will make it head north, I hope.GLDD

[bracke] 07/4/2015 11:15

The share price has formed a descending triangle- lower highs and a baseline at 1070.

One of them has to give.

[discodave4] 01/4/2015 20:56

Apologies upfront for the slight ramp:"Rental equipment firm, Ashtead (LSE: AHT), continues to deliver stunning growth. In fact, its bottom line was 2.7 times bigger in 2014 than it was in 2012, which is an exceptional rate of growth that looks set to continue over the next couple of years.For example, Ashtead is expected to increase earnings by 26% next year, and by a further 15% in the year after. That's many times greater than the growth rate of the wider index and, despite this, Ashtead trades at only a relatively small premium to the wider index, with it having a price to earnings (P/E) ratio of 17.5 versus 16 for the FTSE 100. And, when its growth rate and rating are combined, it equates to a PEG ratio of just 0.8, which indicates that its share price could move higher at a rapid rate."extract from today's Fool website......no pun intended!.GLDD

[2flatpack] 31/3/2015 17:37

bracke
cheers

[bracke] 31/3/2015 12:04

Good day 2flat

Apologies for delay in replying, I was out all day yesterday.

My trading and investing is based on a number of elements. I use a combination of Pitchforks, MACD, volume and price action. There is no single indicator.

If you wanted to get started along the route I would suggest you google Andrews Pitchfork and go from there but be warned there is a lot of reading and comprehension required.

[broadwood] 30/3/2015 16:29

More grist to the mill.

US pending home sales in February climbed to their highest level since June 2013, figures released on Monday showed.
The National Association of Realtors (NAR) said its pending-home-sales index increased 3.1% month-on-month to 106.9 from the downwardly revised January's figure, meaning the index has risen 12% from February 2012.

Analysts expect total existing home sales in 2015 to increase by approximately 6.4% to 5.25m, while the national median existing home price is forecast to grow 5.6%.

"Pending sales showed solid gains last month, driven by a steadily-improving labor market, mortgage rates hovering around 4% and the likelihood of more renters looking to hedge against increasing rents," said NAR chief economist Lawrence Yun.

"These factors bode well for the prospect of an uptick in sales in coming months

[2flatpack] 30/3/2015 12:03

bracke
Good morning.
Do you think the pullback 200day is still likely? and if you have time to tell me how you saw the pullback 150day coming. That is a skill I would like to learn .
cheers

[2flatpack] 30/3/2015 06:49

bracke
Don't complain at least he said chair and not commode
Cheers

[bracke] 29/3/2015 17:41

Less of the "elderly" if you please!

[uppompeii] 29/3/2015 16:34

I have an image in my mind of an elderly elite guru sipping tea in his favourite chair...

[bracke] 29/3/2015 15:13

It's the precise mixture of Darjeeling and Earl Grey that gives me the edge.

I have just brewed a pot and had a cup of 'predictive'...........the brakes need to go on to hold at 1050 otherwise a test of the Daily SMA 200 at 1026 appears likely.

[discodave4] 27/3/2015 22:32

.......tea leaves.Impressive though.DD

[2flatpack] 27/3/2015 18:17

Fenners
Are you implying bracke uses black magic.
Cheers

[fenners66] 27/3/2015 16:59

A close at 1070 is almost spooky

[2flatpack] 27/3/2015 16:58

bracke
Congratulation's and thanks.
I knew you are good but to predict a drop to the 150day SMA the day before it happened is outstanding.
We have only seen the 150day 5 or 6 times in the last 12 months .
I am now fully committed so hoping for a quick about face.
Cheers

[lairddavid] 27/3/2015 16:52

Opened my first position here in years....with that gap and all!!!

[topcar] 27/3/2015 16:40

What about the strong $$ ?

[broadwood] 27/3/2015 09:40

Market down for fourth straight day so an inevitable weakness here.
But

But

'Ashtead Group

With conditions across its critical construction and industrial markets improving, I reckon that equipment rental specialists Ashtead Group (LSE: AHT) should keep on punching stunning bottom- line growth. The business announced this month that terrific performance across its Sunbelt and A-Plant divisions drove group revenues 24% higher during April-January, a performance which delivered record pre-tax profit of £379.4m, up around a third from the same period the prior year.

Like Prudential, Ashtead has seen the bottom line ignite in recent years and, according to City brokers, is in line to punch further growth of 32% for the year concluding April 2014. Although profits expansion is expected to slow in the following years, improvements of 26% and 15% for fiscal 2016 and 2017 respectively are not to be sniffed at.

Indeed, these projections drive a P/E readout of 18.5 times for the present year to just 14.9 times for 2016 and 12.9 times for 2017. And Ashtead’s excellent value for money is underpinned by PEG multiples of 0.6 for 2015 and 2016, and 0.8 for 2017 — any value below 1 is widely considered too good to pass up.

[2flatpack] 27/3/2015 07:37

oh well! another buying opportunity .
Cheers