Ashtead Share Discussion Threads

[fenners66] 19/10/2017 09:06

I just had a spat with some on the Interserve BB.

I had them on my watchlist for some time as a yield share - then they started out saying things were not as good etc......

On Monday Sky News leaked that a consortium of lenders had called in EY - so I suggested that was a reason for the share price fall - which received a response from the longs that that was normal......(as if!)

I reiterated the point that it was not normal and I took it as bad news just last night.

Today there is an RNS saying margins have collapsed and they were on course to breach banking covenants.

Share price in free fall.

You just cannot help some people arguing as if they were experts that its normal to be expensively investigated by the lenders that can see your cash flow !

[discodave4] 19/10/2017 08:51

Looks like the old AHT mojo is coming back........been a while.

[ianwwwhite] 19/10/2017 08:42

Good morning fenners,

I share your views, 'nice and easy does it' suits me fine usually, not that I'm ungrateful! Interested to find out what is behind this ....

[fenners66] 19/10/2017 08:21

Wow !

I guess I would be happier if it was to slow down but this is interesting....

[ianwwwhite] 19/10/2017 08:10

Good morning bracke,

Thank you for your views.

It seems AHT is keen to please, spiked to +30p at the start, and now around 26p at 1900 with a gap.

Amazing!

[fenners66] 18/10/2017 21:07

Its not supposed to get to 2000 before April 6th 2018 !

[bracke] 18/10/2017 18:41

Good day ian

Upward, upward, ever upward.

Drawing a line across the highs on 12/9 and 03/10 and extending upward puts the next 'hit' at approx 1890. The longer view providing the rise continues puts the ML target at approx 1920.

Will it be 2000 by Christmas?

Much appears to depend on Mr Trump's tax reductions. If he fails to deliver viewing the 3 month chart above and the two biggish unfilled gaps gives a clue as to where the share price may return.

[ianwwwhite] 18/10/2017 17:46

Good afternoon bracke,

Another record breaking day....

I am absolutely amazed at the gravity defying levitation our markets and AHT are continuing to achieve!

Do your charts give any clue as to where we are going next, because on a fundamental basis IMHO we are well past the irrational exuberance stage?

Can't help feeling there will be 'tears before teatime' as nursie used to say...

[bracke] 18/10/2017 17:08

All time Intraday and closing high 1874. Volume 761,111.

[bracke] 17/10/2017 17:21

Typical contrarian AHT.

DOW achieves 23,000

AHT closes down 10p at 1849. Volume on London Stock Exchange is 905,869 not 2 million as shown above.

[bracke] 17/10/2017 10:47

Yesterday was an intraday high 1872.

DOW Gradually working its way towards 23,000.

[bracke] 16/10/2017 13:25

Good day fenners

Yes it does and if the DOW can break through 23,000 I expect it will move further up.

[fenners66] 16/10/2017 12:58

Good day Bracke
Yet we seem to have gained a little bounceback ability

[bracke] 16/10/2017 11:02

12 October All Time Intraday High 1871 and All Time Closing High 1865.

Interesting that it was a low volume day 783,311

Average daily volume is 1,817,582.

[bracke] 12/10/2017 11:47

"I don't believe there was the same amount of information available as to accounts and track record / links to other failed resource projects from the same directors as there is now. If there had been would they have gambled so big?"
=====================================================================================

I agree. There was not much information about the Clontarfians and they 'painted' a glowing future for the company prospects. People bought big and unfortunately when the share price started to drop they held and held and held.

Caveat emptor.

[fenners66] 12/10/2017 11:35

Canford Cliffs posted something about 12m since someone passed on the PET board.
I know he was around years ago when PET's prospects in Iraq was hyped by the Board, I guess he is referring to one who lost a lot of money on the hype. I know of one of the original posters on here who was likely in deep on PET and if he remained he will have lost a small fortune there.

I don't believe there was the same amount of information available as to accounts and track record / links to other failed resource projects from the same directors as there is now. If there had been would they have gambled so big?

[fenners66] 12/10/2017 11:30

Oh Good Day btw

[fenners66] 12/10/2017 11:30

The long gamblers cannot understand that for the likes of Carillion all I am saying is it is red or black.
I have never given an opinion on whether the share price will go up or down - I'm too long experienced so I know that supply and demand can lead to the strangest of outcomes. However I can read a set of accounts - and I do - unlike most of the gamblers.
I then post what I see.

As for Clon group they can filter - but they are not the target audience are they?
It is the next casual "investor" that needs to look at the history of the accounts and RNS's that I am informing. Therein lies their target market after all if you have no one to sell a share to you have no profit.

The fact that they want me to stop posting details from the accounts and RNS tells me all I need to know.

[bracke] 12/10/2017 10:38

Good day fenners

Unfortunately you deal in facts which often does not go down well with some of those who post on these threads, happily this is one of the few exceptions.

Shares are bought without due diligence but with the thought of the riches to come. When the reverse occurs the mood changes and woe betide the soothsayer who points out the actuality.

Buying a share as a gamble is ok if you know it's a gamble but buying a 'gambling share' as an investment is delusional.

Bringers of good news are hailed as Messiahs, bringers of bad news are denounced as Doom-Mongers.

Keep up the good work.

[fenners66] 11/10/2017 20:53

Bracke - You should see the damning appraisal I gave of Carillion this summer - I was thinking of buying there.

The report of lack of cash flow leading to an investigation was seriously damning.

I stated after that the FD lacked credibility whilst others defended him as initiating the investigation - basically he was looking the other way when the iceberg hit and then started an investigation as to why it was getting chilly.

2 months later they sacked him etc.

I have continued to post my thoughts on why a rights issue will be necessary so I have upset some gamblers there as well.

[bracke] 09/10/2017 16:52

Good day ian

I agree that the US Markets look toppy but the incessant rise has become the norm.

Eyes are on North Korea. Tomorrow is the anniversary of the founding of the ruling party. To 'celebrate' the occasion there is concern that there could be another long range missile test........and more to the point what Mr Trump may do in reply.

[ianwwwhite] 09/10/2017 16:39

Good afternoon bracke

Thanks for your interesting observations re wedges above.

The market overall is looking a bit toppy in my view, so a downward breakout would not surprise. I continue to watch from the sidelines with interest.

[bracke] 09/10/2017 10:40

The Following is for those interested in charting. Fundamentalists you have been warned so read no further!!

I have been perusing the chart this morning.

1 Draw a line across the highs on 21 July and 12 September and extend the line up and down to June 2016.

2 Draw a line connecting the lows on 18 August and 27 September and extend the line up.

Two observations.

1 The share price is in a rising wedge and approx 75% along the wedge.

2 If you have drawn the top line of the wedge back to June last year you will see it acted as support which is now changed to resistance.

Whatever you think about charts and wedges there is little doubt that the share price is headed for a breakout. You decide which way.

The links below provides information about rising wedges