Ashtead Share Discussion Threads

[broadwood] 09/3/2016 16:36

Sanity restored.

[bracke] 09/3/2016 13:37

The share price would have to drop to approx 665 to be dropped out of the FTSE 100 as things are.

But of course if the market as a whole 'slid' the share price could drop to 665 but remain in the FTSE 100.

[broadwood] 09/3/2016 13:08

FTSE 100 has only had its quarterly constituent review a week ago.

So no fears on that score.

[bracke] 09/3/2016 12:42

Good day clarky

Yes there are. In true gap nerd fashion I will state them:

861.5
896
924
965
1043
1066
1119
1144

You will undoubtedly be looking forward to their filling!

[clarky5150] 09/3/2016 12:17

Lots of your beloved gaps to the upside Bracke.

[clarky5150] 09/3/2016 12:14

Gap down on open, stop losses trigger, further fall, further stop losses trigger. Self perpetuating fall.
Happened on results day.

[1staxs] 09/3/2016 11:56

FTSE window has only just stated again... lots of market data between then and start of next earning season

[gotnorolex] 09/3/2016 11:40

If US citizens can stomach Trump as the wall building President and his promise to rebuild the crumbling infrastructure ie roads, bridges & grid network, the Capex at AHT would be restored and Voila! The (24 mile) Pontchartrain Causeway will be replaced with one running parallel to it like the bridges from Miami to Key West. Jim Rogers's prediction of a recession by the end of the year is fueling the bear camp at the moment, contrary to Yellen's intention to raise interest rates again this summer. She sees strength in their economy looking forward.

[bracke] 09/3/2016 11:33

A company is promoted to the FTSE 100 index if it rises to 90th or above when the eligible securities are ranked by market value
It is relegated if it falls to 111th or below.

[herewegouk] 09/3/2016 11:28

I've added.

[source] 09/3/2016 11:19

Great point Bracke - didnt know that...maybe that is indeed the issue - falling out of the key index wont help Ashsteads price any...maybe that is what the problem is (beyond the increasing shorter problems seeing something we don't).

Regards,
Source.

[bracke] 09/3/2016 11:11

AHT are currently ranked 99th in the FTSE 100.

[broadwood] 09/3/2016 10:59

The market always takes notice of downgrades and reduced TP's - and vice versa.

Its always eager for opinions in between results announcements. Just another thing to trade upon.

In this case such a massive reduction in the TP suggests they are doing this to lower the price for their own advantage.

[2flatpack] 09/3/2016 10:16

That was a good old fashion TREE SHAKE.
With the aid of an accommodating Annalists update.
Is this the same guy Karl Green who was at the conference call.
His question was about tax planing so he didn't seem to have any great doubts then.
Now back to the begging bowl.
cheers

[1staxs] 09/3/2016 09:59

Credit Suisse calling the rapid economic collapse of the US? Highly doubt it so 770 seems a strange target.
They have splashed the cash for now on their fleet and hence dont need to plan for as much Capital exp in 2017. double digit growth for the next 2 years forecast and lessons learnt from last eco down turn and better positioned.

[ali47fish] 09/3/2016 09:42

everybody is talking about brokers- but does anyone knows why the substantial pullback?

[jas0701] 09/3/2016 09:41

Another opportunity to top up

[discodave4] 09/3/2016 09:36

kilgallpYep, 11 buy and 1 Sell = 12 :).......and 3 hold = 15 in totalThanksDD

[discodave4] 09/3/2016 09:33

mammy - Don't think so. mm's marked this down over 4% at open, beIng shorted.Two days ago Exane issued a revised target price which was about 9% less than their last forecast in Dec.The lunatics CS, over the same period have reduced their target by over 40% and they are 36% lower than the average from 15 analysts.............at 770 they must think that earnings are going to more than halve...........odds are they are completely WRONG!.Ps Major shareholder in Credit Suisse.............Blackrock!.DD

[kilgallp] 09/3/2016 09:24

DD

11 rate it “Buy”,
1 Sell
while 3 “Hold”.

Out of 12 analysts??

[gotnorolex] 09/3/2016 09:20

Over the last twelve months Ashtead Group PLC’s stock price has decreased by -20.24% from 1080.09 to 861.5 .There are currently 501,425,000 shares in issue with a current share value of 861.5 giving Ashtead Group PLC a market capitalisation of 4.32B GBp .
Ashtead Group PLC (LON:AHT) has a 50 day moving average of 883.14 and a 200 day moving average of 982.16. The 52 week high for the share price is 1231 while the 52 week low for the stock is 749.Ashtead Group plc is a United Kingdom-based equipment rental company with networks in the United States and the United Kingdom. The Company operates through two business units: Sunbelt, which provides pump and power, climate control and scaffolding service, and A-Plant business, which operates through Eve Trakway Limited (Eve), which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services, and FLG (lifting) services. Both the units are also engaged in general equipment and related businesses. The Company rents a range of construction and industrial equipment across a range of applications. Its equipment can be used to lift, power, generate, move, dig, compact, drill, support, scrub, pump, direct, heat and ventilate. Its subsidiaries include Ashtead Holdings PLC, Sunbelt Rentals, Inc., Sunbelt Rentals Industrial Services LLC, Ashtead Plant Hire Company Limited, Ashtead Capital, Inc. and Ashtead Financing Limited.

[mammyoko] 09/3/2016 08:54

market thinks CS knows what it's talking about

[discodave4] 09/3/2016 08:51

Thanks Broadwood.Out of 12 analysts covering Ashtead Group PLC (LON:AHT), 11 rate it "Buy", 1 "Sell", while 3 "Hold". This means 73% are positive. GBX 1500 is the highest target while GBX 880 is the lowest. The GBX 1204.17 average target is 48.65% above today's (GBX 861.44) stock price.As you say, credit Suisse are lunatics.....Consensus is 1204.Source - There is nothing wrong, read the conference call transcript.DD