Ashtead Share Discussion Threads

[topicel] 31/7/2015 16:00

Not quite gonna make my predicted tenner by the end of the week, but the tide has certainly turned as we enter August and the build up to the results 2 September.

The likelihood, all things being equal (when ever are they?!), is a steady rise towards £11 and even those seen prior to June...

Don't forget the average of the analysts covering this are factoring similar levels with £13.50 as a rather excessive high...

URI concerns seem to have abated and this is a favourite swing trade IMHO.

Good weekend all,

Topicel

[clarky5150] 31/7/2015 09:31

Some very well timed buys a few days ago. Well done all. URI still got a long way to go and covered by all the SB companies. Check it out!

[ianwwwhite] 29/7/2015 18:17

bracke

Many thanks, much appreciated. Interesting times!

[bracke] 29/7/2015 18:07

ian

I was pondering that very thought this morning.

Although my trading and investing are chart based I am not oblivious to 'events'. We do not have long to wait for the first. In just over an hour Mrs Yellen will be talking about interest rates which could move the markets one way or the other. There is also the China situation to bear in mind.

The share price rise over the past three days may simply be a retrace. If it is then the 900 zone remains a fair probability. I do not think that it is out of immediate danger until it has moved above 1000 and held.

If Mrs Yellen speaks soothing words along the lines of 'there is no rush to increase rates' I suspect 1000 could be reached in short order but if those words are not forthcoming there may be some delay before 1000 is reached.

From a technical viewpoint the reversal downwards remains in place until it breaks and holds above the last swing high on 16 July. There are a number of resistance zones before it reaches that swing high.

[ianwwwhite] 29/7/2015 17:40

Bracke

On a more serious note, do you see a return to the 900 level still on the cards, or is there a possibility that we have turned the corner?

[bracke] 29/7/2015 17:30

LOL!!

I think he took the line that it was more blessed to give than to receive.

[ianwwwhite] 29/7/2015 17:22

Bracke

Come, come, you know we all appreciate and learn from your postings, long may they continue.

Not too sure about the Matthew reference however, I know he was an Apostle, and gave advice about pearls, but did he ever make a Prophet?

[bracke] 29/7/2015 15:26

ian

I despair!

Here I am doing my best to uplift trading and investing awareness on this thread and what do I get:

"I am surprised that there is no mention of the more intuitive type of approach to making investment decisions!" EDIT I note that you have added "which sometimes pays off".

I refer you to Matthew 7:6.

[ianwwwhite] 29/7/2015 15:14

Bracke

Thanks , interesting read, although I am surprised that there is no mention of the more intuitive type of approach to making investment decisions which sometimes pays off!

[kilgallp] 29/7/2015 12:50

Added a few more yesterday.

[bracke] 29/7/2015 10:56

An opening gap this morning but neatly filled.

US Monetary Policy and Interest Rate later to-day are likely to affect. If The China situation causes a delay in interest rate rise good probability of £10 in the shorter term.

[topicel] 29/7/2015 08:54

Lol, mouth-washing still working!

back to a tenner by end of week IMHO.

Topicel

[discodave4] 28/7/2015 14:21

Thanks bracke, Thought the same but could not find any other charting site that gives mma as an option - which led me to conclude that it's not that important!.900!...wash your mouth out!.Have a good one.DD

[bracke] 28/7/2015 12:03

Disco

MMA perhaps Monthly Moving Average?

And no boasting!


The gap up today has cleared the three and five minute SMA 200S' and now resisted at the ten minute SMA 200.

Topicel

As for the gap fill to the south it probably depends on URI and the DOW.


I'm slightly disappointed that the share price did not test 900 but there's always tomorrow...........got to go now bye.

[bigboots] 28/7/2015 10:56

Think that last snippet was a taster to the market " WE ARE NOT SLOWING DOWN AND ARE POSITIONED FOR MORE GROWTH WHEN OTHERS FALTER "

[broadwood] 28/7/2015 10:25

Although they can't say anything market sensitive, the note which accompanied the extension of the credit facility this morning seemed confident and not a pre- curser to any slowdown.

'Against a backdrop of strong end markets and market share gains, we will utilise the facility to support the needs of the business with organic fleet growth. This growth combined with further greenfield openings and bolt-on acquisitions will continue to broaden the geographies and markets we serve. We continue to grow responsibly, generating strong returns and maintaining leverage within our stated objectives.

[topicel] 28/7/2015 09:02

Not a strong day - yet - Clarky but a firm reversal so far at least.

No doubt Bracke will inform us that this move up is but a gap that will be corrected downwards later...;)

Topicel

[clarky5150] 27/7/2015 20:38

I think the next strong FTSE/Dow blue day will see significant progress North.
For Brackes benefit, IMHO of course.
Shares can fall as well as plummet.

[discodave4] 27/7/2015 20:13

Mr bracke, what's 100 mma?, heard of sma/ema but not mma.apparently last Friday at close the share price hit its 100mma of 941.http://charts1.zonebourse.com/alpha1/ObjectChart.aspx?Name=4001655&Type=Custom&Intraday=1&Width=850&Height=850&Cycle=WEEK1&Duration=22&Render=Candle&ShowName=0&NoRedirect=1Can I have a lickle boast, please, like Ian I too sold a few (May 14 @ 783) and re-invested some of the profit here last week.......tempted to top up again.GLDD

[ianwwwhite] 27/7/2015 19:16

Bracke

Lol!

[bracke] 27/7/2015 17:50

Ok ian stop that boasting, it's most unbecoming.

And stop that ramping clarky!

I really do not know what this thread is coming to!

[clarky5150] 27/7/2015 17:37

If you took profits at those levels you are well within your rights to have and averaging down punt at these levels. Looks cheap to me.

[ianwwwhite] 27/7/2015 17:22

bracke

You are right, although the way I see it, I am only re-investing a small part of the profit I booked when I sold some in Dec 14 @ 1202p, and May 15 when I sold a further tranche @ 1219p.

I am quite prepared to be patient, I have seen nothing to indicate that AHTs prospects have diminished since the year end, and hopefully the Q1 results due on 2nd Sept will confirm that.