Ashtead Share Discussion Threads

[family values] 02/3/2016 16:20

Well done Gary.

Any other shares interesting you at present?

FEVR have pulled back a lot of late but may get a lift into results?

[gary1966] 02/3/2016 16:06

Well I have decided to bank a good profit a few moments ago at just over 846p, however I am going to keep an eye on the Co as I do like it and don't see any slowdown in the US construction industry any time soon.

GLA

[family values] 02/3/2016 16:03

My take for what it is worth.

Much positive sentiment in the markets and the prospect of good results had driven this up on Monday evening. Too many expecting a quick profit.

The initial fall yesterday morning turned into carnage as the fast buck merchants fled.

I intend to sit tight for a few months, short term voting, medium term weighing, so to speak.

[gary1966] 02/3/2016 15:46

Given that the markets are down today then this is probably a good performance by Ashtead.

[topicel] 02/3/2016 15:24

Still licking my hesitant finger wounds and wondering whatever happened to that 965p gap?

All the major ones to the downside were filled in spades yesterday and while I agree consolidation is unlikely I also do not reckon on a steady move up here as the momentum seems to be very much linked to news periods.

And director buys, even today's tiddler, will reinforce not much is known that is material to the performance so we could be pray to a drift downwards as much as anything upwards. Many will have moved on after that action I suspect...

Topicel

[bracke] 02/3/2016 14:54

Gary

It is unlikely to stay at the current level. If you look at a Daily chart you will see that even when in consolidation there is up and down movement.

If it does decide to consolidate it could do so for several days or even weeks. I do not expect it to consolidate but head up to close yesterdays opening gap or drop to test the Median Line.

[gary1966] 02/3/2016 14:31

Bracke,

How long does it have to stay over 842p to make the 900p more likely and a re-visit to 795p unlikely?

I am assuming that around 842p is going to be a consolidation level.

Gary

[broadwood] 02/3/2016 14:06

Another excellent result from Ashtead, suggest that it is winning market share in both the USA and the UK, growing at a faster rate than the other major rental companies with which it competes. The company certainly appears to have a winning formula at the moment and should easily post another record year at the end of March, with substantial potential to do the same or more in 2016/17

[ianwwwhite] 02/3/2016 14:01

Bracke

Re 51971, top job, many thanks !

[2flatpack] 02/3/2016 13:44

All stop losses set .
Cheers

[bracke] 02/3/2016 13:12

First the good news

I posted yesterday that the share price was just about clinging to the Median Line. It managed to move up and closed bang on the 23.6% fib (842)which was drawn from the last major swing high on 17 December 2015 to the major swing low on 11 February 2016 and there it sits.

and now the so,so news.

The Daily MACD suggests that it may drop back below the 23.6% fib. If so it will likely test the Median Line at 795.

The next fib to the upside is at 900.

[ianwwwhite] 02/3/2016 12:22

2fp

I think that the balance of probability is with you (IMHO), we could do with some input from our retained guru to add confidence.

In any event, good luck, I hope it all works out for you.

cheers,

Ian

[ianwwwhite] 02/3/2016 11:42

2fp

I agree, looks to me like yesterdays price action bears all the hallmarks of a concerted bear raid.

Question is, is that it, or are we merely in the epicentre of the storm?

[jas0701] 02/3/2016 08:29

All the good/bad news is out and so the only way is up for this.

[2flatpack] 01/3/2016 22:38

Cannot believe the the price action today was anything to do with the results or unclear statements there in.
I have yet to see a brokers or analysts statement, that does not totally ignore the shorting / manipulation call it what you will.Then they put up these pathetic reasons for the unusual price action.
Not a great day but by the end only broke
Live in hope to fight another day
Cheers

[mr aboii] 01/3/2016 20:46

WELCOME TO Ashtead Group PLC _ ACTIVE INVESTORS CLUB

[discodave4] 01/3/2016 19:22

From Citywire, Re: capital investment plans for next year:-Charles Huggins, investment analyst at Hargreaves Lansdown, said: 'Ashtead generates the bulk of its profit in US non-residential construction markets where conditions remain favourable - for now. However, the market is clearly worried about a potential US slowdown. Ashtead's plans to cut back capital expenditure and reduce leverage are sensible in this context, but do little to allay investors' concerns of tougher times ahead."Perhaps some clarification of this mornings Q3 is required with respect to:-"Reflecting our desire to be watchful of broader economic trends before finalising our Q3 and Q4 2016/17 spend, we have a broad range for next year's capital expenditure of GBP0.7 to GBP1bn."In particular GBP0.7, is that 70p, or what!, assume they meant £0.7bn but who knows!.Not so long ago, if memory serves, the market bashed the price when the increased capital spend, now they have bashed it because they MAY marginally reduce (unless it is 70pence haha).DD

[discodave4] 01/3/2016 18:14

Clarky,Same here.At one point I thought we would have come close to being demoted from the FTSE100 at tomorrow's review, particularly if we had closed at its intraday low.Gary - hats off!.DD

[clarky5150] 01/3/2016 17:49

Inspired buy indeed. I have topped up a little today between being distracted by my pesky day job. Makes the uphill climb a little more bearable. Still can't believe the volatility of a solidly performing stock such as this.

[gary1966] 01/3/2016 16:44

Yes Clarky but nice to be on the right side of it for once. Still can't quite believe how low it went this morning.

[clarky5150] 01/3/2016 16:29

Hell of a recovery today. Just goes to show how overdone/contrived the opening bloodshed was.

[broadwood] 01/3/2016 16:06

AHT mainly involved with non residential - so even better.

US construction spending rose more than expected in January, according to the latest figures from the Commerce Department.
Spending increased by 1.5% on the month to a seasonally-adjusted rate of $1.14bn, compared to economists' expectations for a 0.4% rise.

On the year, January saw a 10.4% increase in construction spending.

Residential spending was virtually flat in January and 7.6% higher on the year, while non-residential spending was up 2.5% on the month and 12.3% on the year