Ashtead Share Discussion Threads

[2flatpack] 03/7/2015 15:26

Bracke
Yes others good news is normally relevant to AHT the bad news normally isn't.
Cheers

[bracke] 03/7/2015 14:55

2flat

Does not AHT also rise on others good news.

[2flatpack] 03/7/2015 14:48

bigboy
I agree, but the question is why do we always fall on every ones else's bad news?
Cheers

[bigboots] 03/7/2015 14:29

THIS IS WHY THIS SHARE IS CHEAP - THE MANAGEMENT HERE ARE DIFFERENT CLASS

The turnaround in fortunes at tool rental firm Speedy Hire (SDY) was dramatic. Less than two months after beating full-year profit forecasts, the company has warned that this year will be much worse.

It's largely down to management failings - a lack of available equipment, ignoring SME customers, and poor customer service - were all avoidable. That's why chief executive Mark Rogerson fell on his sword just 17 months into the job.

[dealer1972] 03/7/2015 13:46

Hmmm, if I was a 'gap' man myself I'd be looking for the share price to close the one further up from 25th June. If a Greek 'deal' goes ahead, I'd expect this run to continue to the previous high following gap close.

[2flatpack] 03/7/2015 13:03

Closed out longs at a loss.
When the share price stands well below 200 day SMA. Can you believe itThese Greeks have got me spooked, or maybe I'm just past it, bingo look's good.
Have a good weekend with its BBQ weather.(almost Greek like)
Cheers

[2flatpack] 02/7/2015 11:25

Reading results/updates and comments from both HSS and Speedy.
It looks a great opportunity for us.
Which will already have been grasped with both hands, I am sure

All bets well in the red, set stop losses below 1040 thank Bracke for the reminder.
Think I will exit most trades tomorrow, 'due to the Greek Odyssey as I am unable to follow the story line.
As always I live in hope.
Cheers

[broadwood] 02/7/2015 11:12

Shares of Ashtead Group, the FTSE 100-listed industrial machinery rental firm, are in focus ahead of crucial US economic data due on Thursday afternoon.

That’s because of the UK-based firm’s 80%-plus revenue exposure to the United States.

The data may give a clearer verdict on the US economy’s medium-term prospects, after months of uncertainty about the strength of the recovery there.

With the US economic rebound having paused in the early months of the year, constrained by a harsh winter, strong dollar and lower crude prices, Ashtead shares have been capped so far in 2015.

The stock has been unable to exceed all-time highs marked in December, after a barrage of shaky US economic news in the winter-to-spring months.

Ashtead, which hires out everything from small tools to large diggers, cranes, water pumps and powered access, with a focus on the construction industry, was judged against a US economic backdrop showing signs of slowdown, with a run of economic releases culminating in a negative Q1

[bracke] 02/7/2015 10:26

To-days drop is interesting from a charting perspective.

Support at the Daily SMA 200 has given way (last time it dropped this far below the Daily SMA 200 was 2011) and the share price has dropped to the Median Line of the previous downtrend.

The crucial level is 1043 that being the last swing low which occurred on 10 April. Support at 1043 is likely, a close below would ring alarms.

[2flatpack] 02/7/2015 08:41

200day SMA = small long
what still falling.
catch that falling knife
I should know better
well it is AHT.
AHT had its day????.
AS Ian said management, management, management.
Cheers

[bigboots] 02/7/2015 08:28

seeing read across selling from HSS and Speedy profit warnings - has AHT had its day ??

[bracke] 01/7/2015 17:52

ian

Yes I agree AHT Management have done well.

"well known trader"
---------------------

I hope he isn't one of those despicable types who 'shorts' AHT.

[ianwwwhite] 01/7/2015 17:22

bracke,

I agree about the different markets, but I think there is also a quality of management issue, we tend to take for granted AHTs ability to achieve superb results quarter after quarter, but SDY & URI would seem to indicate that it is more difficult than it looks..... long may it continue.

In the meantime sounds like a well known trader who posts regularly on this board has made a bit of a killing out of AHTs gyrations, well done if that is the case!

[bracke] 01/7/2015 16:57

ian

Something like 95% of AHT's earnings come from the USA. As far as I am aware none of SPD's do.

To-days up and down is all about the Greek Farce.

The volatility is excellent for day trading.......provided you get it correct but even if you get it incorrect odds are it will still give a good result.

[ianwwwhite] 01/7/2015 16:38

Whoops! Was it something I said?

Since posting the Speedy info, AHT after a decent start this morning seems to have taken a dive, back to par notwithstanding the recent upbeat results and forward statements.

URI is also down 3% at present.

Oh what a fickle market!

[ianwwwhite] 01/7/2015 14:31

Disappointing trading update from Speedy Hire today (-32.5%):
-----------------------------------------------------------------
Speedy, the UK's leading tools, equipment and plant hire services company, operating across the construction, infrastructure and industrial markets, today issues a trading update following a slower than expected start to the current financial year ending 31 March 2016 (FY2016).

A Board-initiated review identified the following factors which contributed to the poor revenue performance:

-- A lack of available equipment during the network optimisation programme
-- A focus on strategic accounts at the expense of SME customers
-- Poor customer service caused by disruption during the implementation of a new IT and MI system

Whilst core hire trading across strategic accounts remains strong, without an improvement in revenue trend, and ahead of any delivery of the remedial programmes, the result for FY2016 will be materially below the Board's expectations for FY2016 and the reported result for FY2015.
----------------------------------------------------------------

Although Speedy Hire and Ashtead are not directly comparable, this does underline the strength of Ashteads performance and management when you contrast their recent results.

[discodave4] 30/6/2015 08:47

Fair enough.GLDD

[james97] 30/6/2015 08:38

AHT reported figures up to April 15 but because URI had commented on a "soft May" Geoff Drabble was asked at anylsts briefing if AHT had seen a slow down. It was spelt out that trade was still strong up to mid June 15.

[discodave4] 29/6/2015 23:29

Unless I'm mistaken HSS had poor trading for their Q2, in particular months April and May. Not aware that AHT have reported on trade for May 15 yet?.DD

[james97] 29/6/2015 19:58

Can't see HSS trading statement having any relavence at all to AHT, particularly as AHT has already commented on the months in question.
AHT just down with the market which for some reason is still obsessed with Greece.

[2flatpack] 29/6/2015 09:00

200day SMA = small long.
Cheers

[rescuer] 26/6/2015 11:38

aye you are correct Bracke, so my good lady keeps reminding me.

good to see you still around :-)

glenn