Ashtead Share Discussion Threads

[kilgallp] 07/2/2017 10:09

I lost a packet on these years ago, when they announced there had been financial irregularities, and the price plummeted. It took me a very long time to get round to buying back in, but have been well rewarded for doing so.

[ianwwwhite] 07/2/2017 08:46

Good morning bracke et al,
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This share is spoiling you. Rising SP, divi, what more could you ask for.. that's rhetorical.
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Yes, this share has been bountiful and a once in a lifetime opportunity for me, even though I have tried to manage risk by selling a substantial part of my holding into the rises over the years and reinvesting into mutual funds. I remember there were some dark times with AHT too in the early days so I take nothing for granted!

Nevertheless, I can only agree with broadwood's comments that those who bought and hold have been amply rewarded. Hopefully, traders such as yourself have also done well (I think it is time to forget the Xmas aberration!), and no doubt the gyrations caused by Trumps erratic policies will provide ample opportunities in the future.

[broadwood] 07/2/2017 08:39

Much will depend on the progress of Trump's infra structure spend.

If there is any hint that this is not going to happen in the way the market currently feels it will, then its a rush to the lifeboats.

Needless to say if there should be a serious threat of him being impeached then the queue to get out would not be orderly.

[broadwood] 07/2/2017 08:16

If there was ever an example of a share to buy and hold, this is it. No need to jump until the story changes has been my motto here.

800% gain for me.

A degree of consolidation seems likely now.

[bracke] 06/2/2017 17:54

deadcat

You are correct I should have done well from this share but have failed to do so. It is my bete noir and it has become personal.

"I consider you my Ashtead expert."
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I seem able to analyse it for others but fail to take advantage myself. My Christmas Failure was particularly galling.

However I am determined that I will one day make some decent money from the share price

Currently the share price is in a state of limbo, managing to hold above 1600 but unable to maintain momentum when it attempts new highs which is not surprising when the rise from early November is taken into account, approx 400 points.

[deadcatbounce] 06/2/2017 17:25

Bracke,

I find it difficult to believe you have not made serious money on Ashtead as of yet, I consider you my Ashtead expert.

[bracke] 06/2/2017 17:17

Good day ian

This share is spoiling you. Rising SP, divi, what more could you ask for.. that's rhetorical.

This share has also given to me....mostly my 'comeuppance' but as is said; every dog has his/her day it's just that mine is a long time coming.

[ianwwwhite] 06/2/2017 17:10

Nice rise to the close with good volume on a generally gloomy day, and the dividend is due to be paid on 8th Feb - can't be bad!

[bracke] 02/2/2017 17:00

"at variance with the general market direction"
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That is not unusual with this share price


"if you must dabble in the dark arts!"
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I am addicted. Too much time and effort gone into it to discard it. Pretty much gone through the 'pain time' apart from that stupid failure at Christmas but such occurrences do serve as a reminder that the market is always ready to provide a kicking if you do silly things.

[ianwwwhite] 02/2/2017 15:35

Hi bracke

Glad to hear things are going well. Perhaps for reasons that we understand AHT seems at times recently to be particularly at variance with the general market direction, and quite twitchy where exchange rates are concerned.

I am glad that you have found some more predictable plays, if you must dabble in the dark arts!
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[bracke] 02/2/2017 14:23

Good day ian

I did have to check Herpetology.

So far 2017 has been good to me; perhaps because I have avoided trading AHT.

Donning my Elite Guru Garb and entering into a state of transcendental meditation brings forth images of considerable volatility. Brexit, Trumpton, European Elections, Greek Debt. Get it right and it's ecstasy, get it wrong and it's misery.

I will be doing my best to avoid the froggie treatment.

[ianwwwhite] 02/2/2017 13:37

Lol!!

Come, come bracke, when I introduced herpetology to broaden the discussion, AHT had suffered a minor blip.... who knew it would carry on rising as it did? Certainly not I!

We do value the different perspective and analysis that serious day traders such as yourself bring to the table, alongside our own preoccupation with balance sheets, cash flow etc.

Keep up the good work, and good luck with your trades in 2017, it looks like it will be a year of opportunity......

PS Herpetology, for my fellow plebs is not what you might think.

It is the study of amphibians (including frogs, toads, salamanders, newts, and caecilians (gymnophiona)) and reptiles (including snakes, lizards, amphisbaenids, turtles, terrapins, tortoises, crocodilians, and the tuataras).....

Apologies for going off topic!

[bracke] 02/2/2017 13:07

Or as us plebs say 'to each his own'.

"I for one have the highest regard for day traders, and can only watch from the sidelines with reverential respect mixed with fear and wonder AND OF COURSE TAKING THE MICKEY WHEN IT GOES WRONG. LONG LIVE FROGGIE ...... ! :-)"
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I have inserted your omission.

[ianwwwhite] 02/2/2017 12:04

Good morning bracke,

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This of course will be of no interest to the 'buy and hold' merchants who view such day trading as akin to street traders and worthy only of disdain
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I for one have the highest regard for day traders, and can only watch from the sidelines with reverential respect mixed with fear and wonder ...... ! :-)

It takes all sorts to make a market,suum cuique!
.

[bracke] 01/2/2017 11:36

Good day fingers

That's certainly the gapiest chart I've ever seen.

I presume that South32 being a mining company it's share price moves in accord with the price of the materials it mines.

As fenners posts... the gaps were filled although with other gaps so all's well that ends well.

And onto AHT. This up, down, up, down is becoming tedious but it does present opportunities for the day trader. This of course will be of no interest to the 'buy and hold' merchants who view such day trading as akin to street traders and worthy only of disdain.

[ianwwwhite] 01/2/2017 10:22

fenners

Yes it looks pretty straight forward, I think we can safely leave this one to bracke to do the analysis :)

[fenners66] 01/2/2017 08:26

Too be fair at first glance (caveat) it looks as if most of those gaps got filled.

[fingers xxd] 01/2/2017 00:07

Hi Bracke - When I saw this chart, I immediately thought of you.

Could be a bit of a challenge even for 'The Gap Guru'. :-)

[bracke] 31/1/2017 10:37

The share price dropped to 1595 this morning which was 1p short of the gap fill but to all intents and purposes it was a gap fill.

Following the gap fill off it went to 1600 where it awaits further news from Trumpton.

[fenners66] 30/1/2017 01:39

Thanks fingers, so that says to me that although the dotted line intersects trades on Weds and Fri (hence my idea that its filled) the close on Weds has a gap above that has not been filled so its a continuous time line that has to be filled not a day to day comparison?

[bracke] 28/1/2017 10:56

Nice to see your post fingers

25th closed at 1594. Lowest since was 27th when it dropped to 1616.

It looks like a Common Gap to me, therefore will fill.

[fingers xxd] 28/1/2017 02:12

Hi Fenners - does this 3 x day 'intraday' chart help ....

[fenners66] 27/1/2017 22:20

Bracke - too right organic and bolt ons from here for me.
Looking at the tail on that candlestick above it seems the gap has been filled, so why not?

[bracke] 27/1/2017 15:31

Good day fenners

I expect you are breathing a sigh of relief that it wasn't AHT who bought NES with a rights issue.

No gap fill yet, close but not close enough.

[ianwwwhite] 27/1/2017 09:39

Looks like a bit of profit taking has set in.

In the meantime, this from yesterday's roundup:

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Market report: Positive read-across lifts Ashtead to record high

Positive read across from the other side of the Atlantic propelled tool hire group Ashtead to an all-time intraday record high.

Ashtead’s larger US rival United Rentals reported better-than-expected fourth-quarter profit and revenue, driven by higher demand for its rental equipment. It also talked up its growth prospects, forecasting revenues this year in the range of $5.75bn-$5.95bn, higher than analysts forecasts of $5.73bn.

In its wake, US investment bank Jefferies raised Ashtead’s price target from £18 to £19, pointing to an improving US macroeconomic backdrop.

Recent executive orders from Donald Trump to build the Keystone XL pipeline and the Mexican Wall have been also well received by investors, as more than 90pc of Ashtead’s profits come from the US.

His proposed $1 trillion infrastructure spending package, could provide a “multi-year boost to rental”, Mr Jordan said.

Since November shares have surged 34pc thanks to the Trump bump. Yesterday, the FTSE 100 stock jumped 55p to £16.49.
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