Ashtead Share Discussion Threads

[bracke] 12/4/2016 12:29

Earnings season starts in the US this week and the forecasts are for reduced earnings. If correct it will put a dampener on the market and the probability of 776 is high.

[1staxs] 12/4/2016 11:34

bracke, I fear you may be right on the downside if the wider market turns.

[ianwwwhite] 12/4/2016 11:32

NAV_Mike

The reason I asked was because of this reported HSBC downgrading on 28th March in the US press:

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Ashtead Group (OTCMKTS:ASHTF) was downgraded by HSBC from an “outperform” rating to a “neutral” rating in a report issued on Monday, StockTargetPrices.com reports. They currently have a $830.00 target price on the stock, up from their previous target price

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Perhaps we are living in parallel worlds!

[bracke] 12/4/2016 10:50

If the price action this morning is a false break there is no problem. If it isn't then look for a test of the last swing low at 776. If 776 fails then a test of the low at 748.

[2flatpack] 12/4/2016 10:08

From I.G,
Investment bank HSBC downgraded its rating on AHT to hold from buy based on findings about the age of its fleet.
Upon a close examination AHT's fleet may not be materially younger than that of its peers,at least on a basis that matters commercially .
.
What the hell doe's that mean?
Sounds pure bull to me.
cheers

[gotnorolex] 12/4/2016 09:53

A number of investment brokers have recently updated their price targets on shares of ASHTEAD GROUP PLC (ASHTF). According to the latest broker reports outstanding on Monday 11th of April, 7 analysts have a rating of “strong buy”, 3 analysts “buy”, 3 analysts “neutral”, 2 analysts “sell” and 1 analysts “strong sell”

[1staxs] 12/4/2016 09:48

USOIL 200DMA has been broken intra-day but lets see where it finishes at the end of today. Potentially a great time to buy here now. I will hold out a few more days before maybe getting back in and ride this one in to results. To offset I have a large position in UK3S as its hard to see OPEC sorting themselves out, earning season is more likely to make the stock markets drop sharply than spike. AAL going north on some mild news but until copper etc starts rebounding I am staying clear of miners too. Miners have a big impact on FTSE as does oil so for now, wanting to get back in to AHT but think markets will fall from here. We will see.... the big question is how AHT will hold up if the markets do fall and we saw on last results and Credit Suisse downgrade how AHT can fall very fast

[nav_mike] 12/4/2016 09:34

I honestly dont know Ian....I was just looking to find any reason for the drop this morning and saw AHT had a 'news' marker on IG.

The article is marked 12/4 @ 7:31am and is just part of a large batch of analyst changes they have highlighted.

You could however be right

[ianwwwhite] 12/4/2016 09:20

NAV_Mike

Re HSBC downgrading, is this the same re-rating by HSBC first reported around 28th March 16 being recycled?

[2flatpack] 12/4/2016 09:03

Just topped up @ 806.5 .
Cheers

[clarky5150] 12/4/2016 08:53

Well theres the breakout. Not the way i would have liked but cest la vie.

[nav_mike] 12/4/2016 08:38

Ashtead Group Plc : HSBC cuts to hold from buy; target price to 970p from 1,450p

In today's IG research roundup

[fingers xxd] 11/4/2016 22:40

AHT - Which way will it jump?

[bracke] 11/4/2016 14:35

Decision time is nigh.

The share price has formed a symmetrical wedge aka coil aka contracting wedge (lower highs and higher lows). The apex is at 21 April. The share price would normally breakout before the apex is reached. It could pass through the apex but that would be very unusual. A reduction in volume indicates the calm before the storm.

Beware of false breakouts.

[2flatpack] 06/4/2016 11:15

From Short Interest Tracker
Disclosed shorts down as ODEY disappears off the screen.
.
Blue Ridge Capital, L.L.C 1.23% ↑ 0.09% 2016-02-10
CPMG, Inc 1.42% ↑ 0.04% 2016-01-28
Eminence Capital, LP 0.62% 2016-03-24
Total 3.27%
.
Cheers

[ianwwwhite] 05/4/2016 16:11

Thanks DD4, a small ray of encouragement on a pretty dismal day!

[discodave4] 05/4/2016 08:16

Ashtead due a re-rating, says JefferiesTool hire company Ashtead Group (AHT) is trading in line with US rival United Rentals despite better revenue and profit growth.Jefferies analyst Justin Jordan retained his 'buy' recommendation and target price of £13.85 explaining: 'Ashtead underperformed and trades in line with United Rentals, despite a consistent track record of better revenue and profit growth, delivering higher returns with lower leverage,' he said.'While expecting mixed United Rentals Q1 [results] on 20 April, for Ashtead with easing energy comparisons, improving US macro and potential buybacks, we see [a] 2016 re-rating.'Jordan added that while there have been concerns about a US recession 'Ashtead underperformance seems overdone'.DD

[bracke] 01/4/2016 15:12

Good day clarky

It seems not.

US Earnings reporting will start next week. Expectations are not high plus buybacks which have been high will cease. I think that the postponed drop to 790 and maybe 760 is back in the running.

[clarky5150] 01/4/2016 14:22

Maybe not this week eh Bracke.

[bracke] 30/3/2016 11:35

Janet saves the day.

790 postponed to another day, gap filled, gap created and another shot at 900.

April will be interesting.

[2flatpack] 30/3/2016 11:17

From Short Interest Tracker.
Disclosed shorts up as a new name is added to the list.
Must say ,I fail to see their logic, maybe that is why I am a penniless PI.
,
Blue Ridge Capital, L.L.C 1.23% ↑ 0.09% 2016-02-10
CPMG, Inc 1.42% ↑ 0.04% 2016-01-28
Eminence Capital, LP 0.62% 2016-03-24
ODEY ASSET MANAGEMENT LLP 0.51% ↓ -0.10% 2016-03-15
Total 3.78%
.
Nice to see Janet out and about.
cheers

[uppompeii] 30/3/2016 11:02

Times must be very hard if that's the case bracke...

[2flatpack] 30/3/2016 08:57

Good old auntie Janet.
Cheers