Ashtead Share Discussion Threads

[bracke] 29/3/2015 15:13

It's the precise mixture of Darjeeling and Earl Grey that gives me the edge.

I have just brewed a pot and had a cup of 'predictive'...........the brakes need to go on to hold at 1050 otherwise a test of the Daily SMA 200 at 1026 appears likely.

[discodave4] 27/3/2015 22:32

.......tea leaves.Impressive though.DD

[2flatpack] 27/3/2015 18:17

Fenners
Are you implying bracke uses black magic.
Cheers

[fenners66] 27/3/2015 16:59

A close at 1070 is almost spooky

[2flatpack] 27/3/2015 16:58

bracke
Congratulation's and thanks.
I knew you are good but to predict a drop to the 150day SMA the day before it happened is outstanding.
We have only seen the 150day 5 or 6 times in the last 12 months .
I am now fully committed so hoping for a quick about face.
Cheers

[lairddavid] 27/3/2015 16:52

Opened my first position here in years....with that gap and all!!!

[topcar] 27/3/2015 16:40

What about the strong $$ ?

[broadwood] 27/3/2015 09:40

Market down for fourth straight day so an inevitable weakness here.
But

But

'Ashtead Group

With conditions across its critical construction and industrial markets improving, I reckon that equipment rental specialists Ashtead Group (LSE: AHT) should keep on punching stunning bottom- line growth. The business announced this month that terrific performance across its Sunbelt and A-Plant divisions drove group revenues 24% higher during April-January, a performance which delivered record pre-tax profit of £379.4m, up around a third from the same period the prior year.

Like Prudential, Ashtead has seen the bottom line ignite in recent years and, according to City brokers, is in line to punch further growth of 32% for the year concluding April 2014. Although profits expansion is expected to slow in the following years, improvements of 26% and 15% for fiscal 2016 and 2017 respectively are not to be sniffed at.

Indeed, these projections drive a P/E readout of 18.5 times for the present year to just 14.9 times for 2016 and 12.9 times for 2017. And Ashtead’s excellent value for money is underpinned by PEG multiples of 0.6 for 2015 and 2016, and 0.8 for 2017 — any value below 1 is widely considered too good to pass up.

[2flatpack] 27/3/2015 07:37

oh well! another buying opportunity .
Cheers

[bracke] 26/3/2015 17:08

2flat

It may decide to fill the gap before dropping and note that I posted 80% which means there is a 20% it will not drop to 1068.

[2flatpack] 26/3/2015 16:11

and I've gone long at 1100.
what's that word doh!
cheers

[bracke] 26/3/2015 15:05

"Likely heading for 1068."

80% probability.

[dealer1972] 26/3/2015 15:00

you sure about that? ;)

[bracke] 26/3/2015 11:50

Well I never! So it is!

Now about gaps..............

EDIT

Likely heading for 1068.

[dealer1972] 26/3/2015 09:35

doh, not another gap!

[james97] 25/3/2015 14:29

I don't think there is a bid for Lavendon.

[steveo18] 24/3/2015 20:04

bid for lavendon

[broadwood] 19/3/2015 07:53

Citigroup Ashtead Group PLC 19/03/2015
Reiterates
Buy Buy
0
1,400.00 1,400.00 1,134.00
0

2

[broadwood] 18/3/2015 15:50

Thanks UBS. That'll do nicely.

[fenners66] 17/3/2015 07:33

So US $ up about 5% which is an extra £20m?

[discodave4] 16/3/2015 21:19

Thanks Bracke for taking the time to feedback, appreciated.DD

[bracke] 16/3/2015 19:00

Good day Disco

As you point out it is being supported at the Daily SMA 100

If you look at a Daily chart you will see that the probability favours a drop below the SMA 100 towards the Daily SMA 200. It does not always reach the SMA 200.

Look at a DOW daily chart. It's recent fall commenced on the same day as AHT. In addition AHT was due some profit taking. As I have posted previously, periodically AHT has 50-100 point retraces. Previously they have always been bought back.

Watch the s/r zones I posted above

[discodave4] 16/3/2015 18:28

Hi Bracke,Pick your brains, what's the chance of getting some support at 1094, the 100SMA?.Since results share price dropped 7%, any thoughts?.Thanks in advance......hope all is well.GLDD

[bracke] 16/3/2015 16:56

The volume shown today on the 3 month chart above is over 4 million. Itt appears to be incorrect. It was 1.93 million.

[bracke] 16/3/2015 13:12

The share price is trading in the range 1120-1090.

A break to the upside has first resistance at 1136, second resistance at approx 1180 with a target of a triple top at 1210/1215.

A break to the downside has first support at 1055 and a target of 1010/1015 (Daily SMA 200).