Ashtead Share Discussion Threads

[2flatpack] 19/5/2016 10:07

Ian
I always thought the target price was for a 12 month period, but as you say its left unsaid.
Commenting on your 12&3 if you will allow me to join in.
1 I agree with, BUT These hedge funds are so large ( most of their backers clouded in mystery) they are able to attack the strongest of companies with impunity, damaging them in the process.
The II's who I would expect to defend their investments by purchasing shares at the depressed price, seem to join in. Maybe this is professional courtesy sharks don't eat sharks .
2&3 I also agree with But The hedge funds tend to use natural market downturns or black swan events to trigger and enhance their attacks .
Then we have the analysts reports. YES .
This is the second company I have had an interest in that has been subjected to a consented shorting attack.The first was IQE it was certainly damaged but hopefully it is recovering.
I think AHT has little to fear and hopefully the worst is over,
Cheers

[topicel] 19/5/2016 09:30

^ a bit like a broker forecast then Ian?!

Presumably, in accordance with your No. 2, the recent moves in AHT are driven by interest rate hike sentiment Stateside being back on the agenda? Although I could be mistaken!

Topicel

[ianwwwhite] 18/5/2016 19:05

bracke

Re 52258, "It may well do but the wider market rules."
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With respect, I think that this is an over simplification.

My own view is that the share price is subject to three major influences:
1. Company fundamentals and return on operating capital employed, in cash
2 TA considerations, wider market sentiment and movements of shares as a whole
3. Short-term manipulation/plays by traders/hedgefunds etc

My experience is that over the long term, #1 is most likely to influence outcomes over time, but to each his own!

[ianwwwhite] 18/5/2016 18:52

2FP

Right on, I had something similar in mind when I posted #52256!

Furthermore, am I alone in wondering why the TP is seldom/never accompanied by a target date range? Like a stopped clock, sooner or later all forecasts are likely to come true, if you have the patience to wait long enough!

[2flatpack] 18/5/2016 17:34

Do the analyst have the reports approved by the hedge funds before they issue them, or do the hedge funds write the reports for the analysts to distribute.
or are they one and the same.
cheers

[bracke] 18/5/2016 16:31

Well look what the cat dragged in!!

I trust all is well with you uppompeii or if not well at least reasonable.

You will have seen my earlier Elite chart analysis suggesting that a break above resistance would target the 955/960 zone and it has come to pass which is not surprising after all I am an Elite Guru.

[uppompeii] 18/5/2016 15:49

I sense an Elite Guru has been outplayed.

[amaretto1] 18/5/2016 12:44

Trump is doing very well in the US elections,

if elected/or a deal done.

US infrastructure/buildings etc, never mind the WALL ;-) is set for Billions of $$ heading there way !!

AHT affect ?????????

[bracke] 18/5/2016 12:13

ian

"Nevertheless, although I wish you traders no ill, one hopes that in the long run, for longer term holders, the intrinsic quality of the company will win through in the end?"
============================================================================

It may well do but the wider market rules.

2flat

"Not for the first time, do I detect a smile on your face."
============================================================

When I saw the top chart I immediately thought of your short followed not by a smile but wry resignation, its what it does. You may get a shorting opportunity at the 955/960 zone. I do not gain any satisfaction or enjoyment from peoples losses.

[ianwwwhite] 18/5/2016 12:03

broadwood

Good point, although I keenly await Deutsche Banks next pronouncement following their sell recommendation, TP 660 on 10/03/16 reiterated 25/4/16 - what's that all about??

[broadwood] 18/5/2016 11:38

In the last update, the company saw results at the top end of expectations (normal service)

But analysts were pretty insistent that AHT would be damaged by a perceived global slowdown aswell as suffering from the effects of the large cap expenditure needed as older equipment gradually needed to be replaced.

It seems Brokers are now beginning to row back from that pessimistic view and, incidentally, I cannot see from a quick appraisal, that the company has been fearful of an impending slowdown.

We'll know soon.

[2flatpack] 18/5/2016 11:36

Good morning bracke.
Not for the first time, do I detect a smile on your face.
Was hoping for a retrace but what the hell.
Switched back long with only minor losses.
My spread betting account is only for fun and to stop me playing with my investments.
I am very happy with the upward direction as I am over invested ,but cannot help it, with all the buying opportunities we have had recently.
Will have to watch URI at the US open.
cheers

[ianwwwhite] 18/5/2016 11:24

bracke

"I have no doubt that 'games' are played with this share price All very naughty."

I heartily agree, my thoughts entirely!

Nevertheless, although I wish you traders no ill, one hopes that in the long run, for longer term holders, the intrinsic quality of the company will win through in the end?

[bracke] 18/5/2016 11:11

No retrace. Break up with a vengeance. Typical AHT.

2flat

You've been AHT'ed. This thread is littered with the corpses of those who have shorted AHT mine included (I've got nine lives). I have no doubt that 'games' are played with this share price All very naughty.

I hope that you have only been singed and not badly burned.

[ianwwwhite] 17/5/2016 22:21

DD4

Interesting theory. Looks like the market will be under pressure tomorrow:

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Dow logs nearly 2-month closing low as rate-hike fear sparks sell-off
The Dow Jones Industrial Average on Tuesday sank to its lowest level in almost two months after comments from Federal Reserve officials fueled fears that the U.S. central bank would resume raising benchmark rates as early as June. The Dow tumbled 180 points, or 1%, to 17,529, marking its lowest close since March 28. Nearly all of the Dow’s 30 components finished in negative territory, led by a 2.5% slide in Home Depot Inc. . Shares of Caterpillar Inc. and DuPont closed in positive territory. The S&P 500 index ended down 19 points, or 0.9%, to 2,047, while the tech-heavy Nasdaq Composite Index finished off 59 points, or 1.3%, at 4,715.
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Interesting that URI and Caterpillar both closed up despite the selloff

[2flatpack] 17/5/2016 21:47

bracke
Just to show I am not a AHT carpetbagger.
When I saw URI was up 7% and rolling over, I shorted them as well.
So I guess you are correct in your assessment.
Cheers

[discodave4] 17/5/2016 21:14

Just a long shot, but would the oil sands fire in Fort McMurray, Canada, which could cost up to $9bn for insurers if the whole town has to be rebuilt, have anything to do with the upsurge in URI and possible knock-on to AHT?.hTTp://www.cbc.ca/news/business/fort-mcmurray-insurance-cost-1.3568113DD

[discodave4] 17/5/2016 19:44

Oooops, sincere apologies didn't realise amaretto was referring to GSK.I'm a bimbo!DD

[discodave4] 17/5/2016 19:39

BrackeYour confusing me!, granted doesn't take much but:"After a couple of previous attempts it broke up and reached 1516."I'm sure the highest it's ever been was 1231 on the 28th May last year.Must have missed it reaching 1516 ! :)DD

[amaretto1] 17/5/2016 17:47

Cheers Bracke, it has reasons to break through this time !