Ashtead Share Discussion Threads

[bracke] 28/11/2017 10:42

Good day ian


"Hindsight is a wonderful thing! :-)"
====================================

Too true. Us Elite Gurus use it all the time.

But in defence of my exalted status........ looking at the hourly chart above the spike from 1930 to 1950 to break above resistance at 1940 was very likely to result in a test of 1940. There being no news to help continue the rise plus the propensity of the share price to indulge in such early morning antics followed by a retrace gave a fair probability that the rise would not hold on this attempt.

This does not mean that it will not try again especially as results are due on 12 December.

[ianwwwhite] 28/11/2017 10:23

Good morning bracke

Hindsight is a wonderful thing! :-)

[ianwwwhite] 28/11/2017 08:59

Spirited start to this morning, through bracke's 1940p resistance level, currently 1948p, that's more like it, but will it hold?

[ianwwwhite] 24/11/2017 14:48

Hopefully a rise in the interim dividend (2017 4.75p paid on 8th Feb to holders who were registered 21st Jan) might be on the cards?

On form, I believe that the interim div has been raised every year since 2011..... every little helps :-)

[bracke] 24/11/2017 14:21

Indeed fenners. Buy the rumour, sell the result.


You pays your money and takes your choice....or not.

[discodave4] 24/11/2017 13:25

Let's hope it will keep rising this time, after all, the last "ahead of expectations" was at the interims issued Dec last year.

[bracke] 24/11/2017 11:33

Good day ian

"'do nothing, avoid criticism'"
==============================

Do nothing was the second option i.e. wait until direction confirmed.

avoid criticism.....on other threads you would have no chance with that.


There is the possibility that the share price will move sideways and then as is customary spike up when the Q2 results are announced on 12 December. Unless you have bought on the expectation of the spike you miss out on the rise. Ideally a fall in the share price below the pullback low would give a buying opportunity on the expectation of good results.

Decisions, decisions.

[ianwwwhite] 24/11/2017 10:26

Good morning DD

I share your view re 'above expectations'

The problem is how much of the anticipated revised outlook is already 'in the price'?

Nevertheless a share price of 1900+ at the year end would be an acceptable result in my book (+20% p.a.) bearing in mind we started the year at around 1580 (31/12/16)

[discodave4] 23/11/2017 19:15

Reading between the lines of Q1, wouldn't be surprised if "in-line" has advanced to "above expectations" thanks to Harvey and Irma!.As ever thanks bracke.DD

[ianwwwhite] 23/11/2017 17:16

Good evening bracke

Thanks as always for your views.

It seems that with the US market closed, we have avoided the customary fall back this afternoon. Tomorrow I believe is a half-day in the US markets so normality will only return on Monday, leaving 10 days 'till Q2 results are published.

Of the possible tactical options you mention, you left out my favoured approach .....

'do nothing, avoid criticism'

.... it worked for Dilbert!

[bracke] 23/11/2017 10:32

Good day Disco

Us Elite Gurus like to cover all the bases. As to which of the three is the more likely that depends on the weighting you give to the factors involved, plus the level of risk you are prepared to accept.

The share price remains in an uptrend, has not dropped below the pullback low (1878), probability of a Santa Rally and the US Markets continue to make new highs. BUY WITH APPROPRIATE STOP.

The share price has not broken above resistance at 1940 nor broken below the pullback low at 1878 thus direction undecided. WAIT UNTIL DIRECTION CONFIRMED.

[discodave4] 22/11/2017 20:54

Thanks bracke, think you have covered all possibilities there! :)But which is the most likely?DD

[fenners66] 22/11/2017 18:35

LOL !

I don't want £20 until the next 6th April anyway !

[2flatpack] 22/11/2017 18:33

Opened a small short on URI to go with my AHT ,which is just in the money.
Onward and downwards.
Cheers

[bracke] 22/11/2017 14:57

Interesting price action.

Before the recent pullback from 1983 to 1878 the share price had risen up to 1940 where it found some support before dropping back below and then rising up through 1940 to 1983. The pullback then took place since when the share price has risen back up but is resisted at 1940.

Three possibilities:

1 Breaks through 1940 resistance and tries for a new high.

2 Consolidates in a sideways move.

3 Continues down to test the low of the recent pullback at 1878.

[james97] 21/11/2017 14:07

URI reached $151.50 yesterday. Not sure exactly what the impetus is but AHT taken along a well. Perhaps there is more confidence tax cuts will pass.

[discodave4] 17/11/2017 19:00

URI +$1.50?

[bracke] 17/11/2017 17:43

Good day 2flat

I have put the AHT chart back. It seems that on that site any link to a chart shows the chart I currently have up.

[fenners66] 17/11/2017 17:28

URI up over $150 !

[fenners66] 17/11/2017 17:28

1920 turning into resistance?

[fenners66] 17/11/2017 17:27

LOL !
I did but I just didn't harp on about them too much. (I hope)

[2flatpack] 17/11/2017 17:03

In expectation of a retrace I have opened the smallest of shorts.
bracke when I looked at you chart for reassurance .I found it had morphed into a GSK chart.
Its not kind to mock the last of the shorter's.
Have a good weekend all.
PS
fenners
why didn't you post on this thread .
Its not fair keeping these opportunities from the AHT ers .
cheers

[bracke] 17/11/2017 12:14

"They did not listen......"
===========================

Some never will and when the mire finally hits the fan they disappear or blame the shorters.

But there are those who do take note but often do not post. I have no doubt that your posts have saved people thousands.

[fenners66] 17/11/2017 08:20

CLLN - another profit warning , covenant breach coming and RI expected - guess what? share price down > 50%
They did not listen......