Ashtead Share Discussion Threads

[2flatpack] 04/5/2016 11:30

bracke
Good morning.
Not difficult to see ?
Yes if you have the third eye.
Please keep posting the obvious for us short sighted fundamentalists.
Cheers

[kilgallp] 04/5/2016 09:28

Let's hope it's the former!

[bracke] 03/5/2016 19:10

Thanks 2flat but it was not difficult to see.

The more difficult one is where next. It's either back up to have another try to break beyond 928 or drop further to the 860 zone.

[2flatpack] 03/5/2016 18:38

bracke
Well done.
Bang on the nose.
Thanks.
Cheers

[discodave4] 02/5/2016 12:43

Where did that one come from all of a sudden? :).........pesky little things these gaps!DD

[bracke] 02/5/2016 10:58

The gap back to 890 looks likely to be filled.

[clarky5150] 29/4/2016 09:30

Took 1/3rd of my position off the table early yesterday to try and insulate against Brackes gap filling. I am fairly confident we won't see the lows of earlier in the year again so looking to re enter in the near future.

[2flatpack] 29/4/2016 09:08

Notified shorts UP.
From Short Interest Tracker.
.
AQR Capital Management, LLC 0.50% 2016-04-26
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 0.73% ↑ 0.11% 2016-04-22
Total 3.88%
.
Is this a new campaign or a rearguard action?
Trying to play the volatility .
I have a base long spread bet on, when the S/P rises to 925 or near close I have been forcing a short to cover the long ,keeping it on overnight to counter large gaps down, that are so loved by the shorters and MM.
Cheers

[2flatpack] 27/4/2016 13:07

Notified shorts UP.
From Short Interest Tracker.
.
.

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 0.73% ↑ 0.11% 2016-04-22
Total 3.38%
.
They seem to be losing control.
We can only hope.
Cheers

[bracke] 27/4/2016 11:15

A retrace from the attempt at 928 but soothing words from the FED to-day may provide the shove it needs.

[broadwood] 26/4/2016 17:55

Strong positive artcle in the IC last week extolling AHT's dividend potential.Probably responsible for a part of yesterday' gain. Cyclicality is supposed to damage them but analysts seem to have been unduly cautious.

[bracke] 26/4/2016 15:04

2flat

No problem with living in hope, you never know with AHT. I prefer to wait util it's cracked 1000.

You will note that its being resisted at 928. It needs a shove.

[2flatpack] 26/4/2016 14:14

bracke
Good afternoon.
I was hoping by results in June.
As ever I live in hope.
cheers

[bracke] 26/4/2016 13:05

Good day 2flat

I did not miss the two zones you mention or rather it was a deliberate miss.

Rather than give data at this time which is longer term I prefer to restrict my view to the short/medium term. There are a number of potential s/r zones above 1000 which I will refer to as, if and when the share price gets there.

[2flatpack] 26/4/2016 10:02

Bracke
Good morning.
I think you have missed two point from your resistance list namely-
4 The psychological 1100
5 The psychological 1200

DD
It makes me so happy to see Merrill is never lost for an excuse / reason
to about face daily.
I wounder what their paymasters have in store for us now.
Cheers

[discodave4] 25/4/2016 21:42

Thanks Bracke.(ShareCast News) - Equipment rental firm Ashtead got a lift on Monday after a double upgrade from Bank of America Merrill Lynch. The bank upped its stance on the stock to 'buy' from 'underperform' and boosted the target price to 1,100p from 800p, pointing to an improved outlook for the company's markets. Merrill Lynch raised its earnings per share estimates for 2017 and 2018 by 8% and 14%, highlighting improving economic indicators, increased capex expectations and a better outlook for rental yields. "We believe that the lead economic indicators in the US are improving with the ISM indices bouncing off lows and the ABI gathering momentum. "Furthermore, we sense that excess equipment, both new and used, is subsiding in the supply chain which bodes well for the outlook for rental rates. Currently, utilisation and rates are yet to turn, but early signs are positive." In addition, it said the stock is neutral or positive in the EU referendum debate and is trading at a material discount to historical multiples whilst offering around 20% per annum EPS growth. Merrill said that in the case of Brexit, "lower potential demand in AHT's modest UK business would be more than offset by increases to forecasts driven by sterling". It noted that each 1% FX move is worth around £6m to pre-tax profit in a full year. DD

[3rd eye] 25/4/2016 13:26

AHT Ashtead Broker BUYS.........

Date Broker Rec. Price Old target price New target price Notes
25 Apr 16 Barclays Capital Overweight 916.75 1,135.00 1,135.00 Retains
22 Apr 16 Numis Buy 916.75 1,150.00 1,150.00 Reiterates
22 Apr 16 Jefferies International Buy 916.75 1,385.00 1,385.00 Reiterates
22 Apr 16 Peel Hunt Buy 916.75 1,450.00 1,450.00 Reiterates
21 Apr 16 JP Morgan Cazenove Overweight 916.75 1,140.00 1,140.00 Reiterates

[bracke] 25/4/2016 11:36

From my post 52191

The Targets

1 Break above the last major swing high achieved on 29 February at 928.

2 Fill the gap from 27/28 January at 963. This will give a 50% rise from the high on 17 December to the low on 11 February.

The Resistances

1 The Median Line from the downtrend which commenced at the end of 2015. The share price was stopped at this line on 29 February. It is where the share price is now.

2 The DMA 200 currently at 960.

3 The psychological 1000

===============================================================================


To-day it has moved above resistance 1.

Next is target 1....move above 928 and hold.

[bracke] 25/4/2016 11:31

AZ

That's a private photo!!

Normally I use my other ball....it's bigger.

[az209] 25/4/2016 08:36

Bracke hard at work !

[bracke] 22/4/2016 17:40

Thanks Ian.

[ianwwwhite] 22/4/2016 17:37

bracke

Keep posting your views, you know we regulars appreciate it -

illegitimi non carborundum!

[bracke] 22/4/2016 17:09

kilgallp

Thank you. In my earlier post I did suggest a possible rise.....maybe....if you'r lucky.

[kilgallp] 22/4/2016 16:32

Bracke, well I for one appreciate your posts....even when you tell me the price is about to plummet :-)