Ashtead Share Discussion Threads

[bracke] 20/1/2020 16:53

I had some time this afternoon to review the chart......yes I know you can barely contain yourselves with glee. The Daily chart shows the share price to be in a rising wedge from which it broke out to the upside on Friday. This morning it opened up higher but has since dropped back to close just above the upper trendline. It's decision time. Do buyers come in to continue the move up or do sellers drop it back into the wedge to fill the Thursday/Friday gap. Beware false b/outs and throw backs (drop back into the wedge to test support.

[bracke] 20/1/2020 14:25

Oh Goody. I'll see what I've got in the piggy bank.......5p, 6 buttons and a couple of washers. How many shares will that get me?

[fenners66] 20/1/2020 11:47

Really ? The gamblers and apologists are dressing up the bad news as a buying opportunity !

[bracke] 20/1/2020 10:23

Good day fenners But not in PET land!

[fenners66] 17/1/2020 23:37

Its been a good day.

[perfido] 17/1/2020 20:56

Good evening Davros, I am sure that Edwards and Magee would disagree with your comments, and you should be in no doubt that bracke is a valued contributor to this board. Perhaps you could tell us how you propose to add value here? .

[davr0s] 17/1/2020 19:56

All these predictions again - you are just guessing

[bracke] 17/1/2020 18:14

Over the £25 fence and galloped on to an All Time Closing High - 2554 and an All Time Intra Day High - 2559. Volume 2.116 million.

[fz13] 17/1/2020 16:37

May have spoken too soon with that order for over 500k shares

[fz13] 17/1/2020 16:16

I want to believe this move up, but there isn't volume behind it. Currently around 1.2m and the average 3 month is 1.3m. Sold at 2,544 today to shift this to my ISA...hoping to get back in a few pips lower

[bracke] 17/1/2020 14:22

A leap over the £25 fence. If it's the real thing it needs to continue up otherwise it will drop back to test £25 with the probability of a gap fill. To-day's initial rise took the share price above the upper trendline but it has since dropped back to the trendline. As yet no signal on the Weekly chart for a short. I will be patient.

[perfido] 17/1/2020 13:43

SMCN1968 I assume post 57588 is the background to the Morgan Stanley revised target price of 3000p - nice one, many thanks :-)

[fenners66] 17/1/2020 13:22

Make America Great again.... ..... spend $Billions on infrastructure projects You know it makes sense. I was in Orlando a while back and noted they were expanding the Freeway up to 6 lanes and 8 or more in places. The cost is $bns I wondered whether they really needed to get so many lanes - but at the airport returning home spoke to someone who had been on holiday there when they had a hurricane related evacuation.... Then I realise they couldn't get enough lanes ! More hurricanes on the way more infrastructure required.

[smcni1968] 17/1/2020 12:35

On the back of new and granular analysis of the US data centre construction market, we raise Ashtead to join United Rentals at Overweight. Ashtead's mid-cycle valuations belie a structural growth opportunity in equipment rental to data centre construction sites with a large and defensive MRO opportunity thereafter. We believe the three year pipeline visibility of builds and expansions by the major tech players in the US presents a ~$1bn revenue opportunity for Ashtead's US Sunbelt brand,not currently discounted by the market. This puts our estimates 7- 12% ahead of consensus for Ashtead in FY21/22even accounting for a more benign cyclical backdrop in FY21. Our £30 target price implies a modest 13x P/E for best-inclass growth in European Business Services.

[dcarn] 17/1/2020 11:55

I concur, once in a lifetime. Makes this investing game seem easy.

[perfido] 17/1/2020 10:51

Hi Jimi re: Are you still holding from the early days? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I've held continuously since 19th Aug 1997, selling a few when AHT looked overbought, and buying when the price has fallen. Gradually my core holding has been reduced, to manage risk as the average price has risen. It has been a once in a lifetime investment for me (and I suspect a few others here), and it appears, we're not done yet!

[smcni1968] 17/1/2020 10:17

ASHTEAD GROUP PLC AHT.L: MORGAN STANLEY RAISES TO OVERWEIGHT FROM EQUALWEIGHT, RAISES TARGET PRICE TO 3000P FROM 2420P -

[dcarn] 17/1/2020 10:05

Have we been tipped somewhere or new broker upgrades out? There must be something behind the jump. Edit. Yeah, now £4.32 higher than the average buyback price :-)

[uppompeii] 17/1/2020 09:05

Just goes to show share buy backs work...

[fenners66] 17/1/2020 09:04

Hi Jimi - yes - but not as many - still enough to complain that the dividend is not high enough !

[jas964] 17/1/2020 08:41

Just returned to the markets after a long time away (formerly called myself Screamer on these boards). This was one of my holdings from 10-15 years ago and it's my first dip back in. There appears to be an extra 0 on the price since I was last here!!

[davr0s] 17/1/2020 08:38

All that analysis a out where it can /can't go and it gaps out to new highs lol. As ever you can't predict what a shares price will do

[jimi hendrix] 17/1/2020 08:30

Hi Ian & fenners, nice to hear from you! Are you still holding from the early days? If so, flippin well done!! fenners.....https://www.cerespower.com/

[fenners66] 16/1/2020 22:33

jimi what do CWR do? Import parakeets ?