Ashtead Share Discussion Threads

[perfido] 25/6/2021 07:49

24/06/21 US stocks rallied after President Joe Biden said he had reached a deal with a bipartisan group of lawmakers on an infrastructure plan. .

[perfido] 24/6/2021 18:20

Another strong AHT day albeit on seemingly modest volume On closing prices and buybacks, I'm taking the fifth amendment :-) .

[bracke] 24/6/2021 18:15

Yes. 5300.

[fenners66] 24/6/2021 16:43

New closing all time hi ?

[perfido] 24/6/2021 14:43

Good day bracke, Thanks for your graph and commentary, very interesting, and it looks like we are moving in the right direction again....

[bracke] 24/6/2021 11:44

Good day perdido Following the recent correction the share price has risen back above the lower trendline aiming for another shot at 5300. I have drawn an ascending triangle (purple lines) but the share price is not compliant. The upper line is correct but the breaches of the lower line weaken the probability of the pattern and suggest the lower line will fail and more correction. BUT! we know AHT likes to surprise by putting in a large candle to gap over resistance. EDIT On second thoughts I think it is better to consider the price action as a horizontal channel with the upper purple line as the top and the black line at 4966 as the lower line. AHT DAILY Https://s3.tradingview.com/snapshots/8/8WnOnmbb.png

[perfido] 23/6/2021 20:22

Good evening bracke, Thanks for posting your views, lots to worry about if you are minded, but in the meantime the market continues to climb the 'wall of worry' and AHT seems to be reverting to the 'norm' edging closer to what I had termed a rising channel - may not strictly meet TA criteria but it works for me. :-) Interesting times indeed!

[bracke] 23/6/2021 11:14

Good day perfido Reading the opinions of US luminaries, talking heads, hedge managers, et al there is no shortage of various opinions. Inflation, deflation, stagnation, stagflation, end of cycle, mid cycle, start of cycle and so on. They will point to data that supports their own view. Lies, damned lies and data. There is an opinion gathering pace that suggests the FED will be unable to taper or heaven forbid increase rates. If they do try the market will have an enormous tantrum forcing the FED to cease or even reverse. We live in interesting times. I will continue to wear my tinfoil cap until the dust has settled.

[perfido] 23/6/2021 08:39

Good morning fenners, Lol! I was on your side of the argument on the other board 😀

[fenners66] 22/6/2021 22:50

You got to be in it , to win it ! The fight against buybacks , that is.......

[perfido] 22/6/2021 19:41

Good evening bracke, Good to hear from you, it was beginning to feel quite lonely .. I fear my earlier post will draw a response, and I am expecting fenners to reappear, once he has finished his fight to the death on buybacks on another thread, although I am surprised he hasn't quoted AHT's last buyback as a successful example - that should get the AHT thread moving!!! In the meantime, I am thinking that after we get past the minor ripples and waves of current market activity, the tide will be seen to be with us longer term. Rock on AHT! .

[bracke] 22/6/2021 18:33

Good day perfido I do hope your post will not prompt a post! The US markets appear to be in undecided mode following the drop and then the rise.

[perfido] 22/6/2021 18:23

Another solid day for AHT, albeit on modest volume, but still a bit to go to regain the upward rising channel I was following 'till recently. Gone very quiet here these last few days, and we are missing those irritating posts of 'got to be in it to win it' reminiscent of Del Boys 'this time next year we'll be millionaires' type of 'whistling in the dark' ramping posts.. I do hope poster 'trt' has not copped an unfortunate one as Del would say... .

[perfido] 19/6/2021 13:38

Are robust financials driving recent AHT rally? - Interesting Simply Wall St article dd. 19/06/21 hTTps://uk.finance.yahoo.com/news/robust-financials-driving-recent-rally-020303805.html .

[bracke] 17/6/2021 15:46

Good day fenners The $ has strengthened following Powell's presentation yesterday. DXY DAILY Https://s3.tradingview.com/snapshots/2/2d9p9iHX.png

[fenners66] 17/6/2021 15:34

£ down to $1.395 which should be helping today

[bracke] 16/6/2021 14:21

Cost and shortage of lumber is the problem not lack of demand.

[fenners66] 16/6/2021 13:34

US housing starts up 3.6% - but lower than expected.

[bracke] 16/6/2021 10:41

Good day fenners There was large variance in price with only a few minutes between the trades. This is the 5 minute chart look at the price action just before the close. AHT 5 MINUTE Https://s3.tradingview.com/snapshots/k/kKFrn1HU.png

[fenners66] 15/6/2021 23:05

Not sure I'm seeing what you are seeing there bracke Large ones going through at 5116 but small trades higher....

[bracke] 15/6/2021 17:16

Some very odd price moves at and just after the close? Look at the prices. https://www.londonstockexchange.com/stock/AHT/ashtead-group-plc/trade-recap

[fenners66] 15/6/2021 15:03

If the report about Draftkings is true, its amazing to see how murky the world of interlinked companies and families potentially works... DK being a $21bn listed company not a minor few million listed entity....

[perfido] 15/6/2021 14:57

fennners re post 59023 - point taken! I imagine that some time in the distant past it was considered an 'optional', rather than 'obligatory cost of business', now it has become custom and practice