Ashtead Share Discussion Threads

[bracke] 20/9/2017 10:55

Good day fenners


I've been looking at the PET Interim Statement. I don't have any position just a general interest.

I was looking at how much cash they had left and rate of burn. Am I correct in thinking that they have Euro 407,000 left and that one year ago it was Euro 984,000?

Please excuse this off topic. I do not want to post on a PET thread given the emotions that exist.

[bracke] 20/9/2017 10:33

Good day ian

Yes 19 Sept was all time closing high at 1785.

Now we await the FED.


Hanging Man. Bullish or Bearish? See link.

[fenners66] 20/9/2017 09:41

Bloomberg kicked off looking forward to the release of this mornings retail sales data with the headline

"UK Crisis of Confidence "

There seems to be a media attempt to talk the economy down , arguably linked to Brexit. So they are determined to link any bad news they can , or can make up. In fact as I write the presenter has just said "speaking of bad news now is a great time to talk about Brexit"

The actual retail sales data is MUCH stronger than they were anticipating - hence the jump in sterling - I guess with the notion that if the economy is doing better than the talked down position then there will be a more likely rate rise.

The effect of that seen above....

And after the good news on retail sales - they ignored and carried on saying something is still wrong with the economy - sometimes they are full of BS

[fenners66] 19/9/2017 20:10

And URI approaching $130

[ianwwwhite] 19/9/2017 18:09

Is that a bullish 'hanging man' candle pattern I see? No doubt bracke will correct me if necessary.

In the meantime, a strong finish to set a new, all time 'closing high' at 1785 if I'm not mistaken.

Well done AHT!
.

[fenners66] 18/9/2017 15:06

If its an arranged trade between 2 parties , is it likely its just someone housekeeping , moving holdings between accounts...

[bracke] 18/9/2017 10:42

Good day fenners

You are correct it is now shown on the LSE data as an off book trade. It does not appear to have made much difference to the share price

[fenners66] 18/9/2017 10:27

What about trade 614 at 10.01am for 3,019,998 shares?

[bracke] 18/9/2017 10:10

The volume currently being shown on the 3 month chart above at over 3 million is wrong. As I type it is shown on the London Stock Exchange as 124,000.

[discodave4] 17/9/2017 12:59

"Midas said that investors would be wise to keep most of their shares, as it should continue to deliver for at least a couple of years."hTTp://www.thisismoney.co.uk/money/investing/article-4890876/MIDAS-SHARE-TIPS-UPDATE-Ashtead-s-investors-clean-up.htmlDD

[ianwwwhite] 14/9/2017 19:30

Bracke

I should add to my post above, some see market corrections as a problem, me, I see them as an opportunity.

However there will be casualties, as I believe Buffett said, when the tide goes out, you find out who has been swimming naked.

Good weekend all

[ianwwwhite] 14/9/2017 17:48

bracke

Thanks for sharing your views - I can but agree.

In fact I have been waiting for the bubble to burst for over 12 months, to switch some Money Market funds into equities for a very small family trust.

If/when the market correction happens, then it's an ill wind etc!

[bracke] 14/9/2017 16:41

ian

I know it's not good practice to 'think' where the market is going and to 'decide' it can't rise or fall further when we know it can.

Viewing the signals does suggest that the market is at a stretch and even if the DOW/S&P only pull back 2% that's nearly 450 points off the DOW.

When the US markets take a biggish fall AHT usually drops 100-150 points which would mean approx 1600 and the gap at 1595. Yes I know this is all supposition but buying at the current level is not for me.

[ianwwwhite] 14/9/2017 16:21

Four months? I had no idea. Very well, welcome to the club!

AHT failed to hold the higher ground today, but at least it had a go. Perhaps it's waiting for more buyers to come in, bracke? :-)

[bracke] 14/9/2017 15:53

Are you sure? I held them for nearly four months!

Definitely not a scalper. Sinner.......no comment.

Could be a McDonald's in it for the family if they play their cards right. Yes I know it's spoiling them but it's only occasionally.

[ianwwwhite] 14/9/2017 15:35

Bracke

A week may be a long time in politics, but it doesn't qualify you for the exalted position of 'long term holder' in AHT I'm afraid.

Nevertheless blessed is the sinner (or scalper?) who repents so I am told. Enjoy your dividend, perhaps a chance to take Mrs Bracke and the Brackettes out for a treat?

[bracke] 14/9/2017 15:05

Good day ian

OH GOODY! I'd forgotten about the divi. It's the bonus us long term holders receive for our loyalty.

In the meantime the share price has had another look at 1828 but had a touch of vertigo.

I ponder if the US markets will take a dip next week following OPEX tomorrow and how the share price will stand up.

[ianwwwhite] 14/9/2017 14:43

Good day bracke, fenners

Re exchange rate fluctuations, this question usually arises, what's the impact on AHT profits?

This from the latest 1Q results:

"Based on the current currency mix of our profits and on dollar debt levels, interest and exchange rates at 31 July 2017, a 1% change in the US dollar exchange rate would impact underlying pre-tax profit by approximately GBP8m."

In the meantime for those fortunate enough to be holding AHT shares before they went ex-dividend on 17th August, I am reminded that a very healthy dividend is payable tomorrow. Cheers!

[bracke] 14/9/2017 12:51

Reason for FTSE Taper Tantrum.

[bracke] 14/9/2017 12:37

I wouldn't count on it. It's fast up, slow down.

[fenners66] 14/9/2017 12:34

At least for the wider UK economy that should mean cheaper fuel.

[bracke] 14/9/2017 12:30

Good day fenners

Yes it is a little confusing.

Whatever the logic the markets like cheap money.


The £/$ chart below shows that the £ has been rising with higher highs and higher lows. It has now reached the ML but if it decides to continue up it is likely to meet resistance at the blue line

GBP:USD DAILY

[fenners66] 14/9/2017 12:11

7:2 BOE decision and £ goes up and AHT FTSE down - what would happen if they actually decided to raise interest rates?

[fenners66] 14/9/2017 10:10

That looks better....