Ashtead Share Discussion Threads

[bracke] 14/9/2016 17:13

"I find that thinking the unthinkable is always worthwhile when managing risk :)"
==================================================================================

But 900 I ask you!!!


"The five year chart gives a bit of a steer in my view"
=======================================================

If you are using the 5 year chart 750 may be more appropriate.


"Suck it up"... the type of expression used by those of the red braces, red Ferrari and champagne swilling brigade. You'r not, are you?

[ianwwwhite] 14/9/2016 17:03

Hi bracke,

Q: Shame on you for even thinking it
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
A: I find that thinking the unthinkable is always worthwhile when managing risk :)

Q:If it drops to 900 how do you know it is not going to drop further
~~~~~~~~~~~~~~~~<~~~~~~~~~~~~~~~~~~~
A: The five year chart gives a bit of a steer in my view

Q: such sentiment?
~~~~~~~~~~~~~~~~
Highly appropriate, I thought 👌

....suum cuique pulchrum est

[bracke] 14/9/2016 14:37

"I didn't say we were going to 900, just that if we did I would be a buyer."
=============================================================================

Shame on you for even thinking it!!


"The trouble with a sell and repurchase strategy that you mention is that you don't know you are heading to 900 until you arrive (not withstanding your excellent chart work!). My approach is to ride out the market fluctuations and add on significant dips, having faith in the robustness of the AHT business model IMHO."
====================================================================================

That begs the question 'If it drops to 900 how do you know it is not going to drop further'.

Bearing in mind that the divi is nothing special I would be thinking of selling long before it dropped to 900.



"so my advice is man up and suck it up!"
======================================

Such sentiment!!

[ianwwwhite] 14/9/2016 14:03

Hi bracke,

I didn't say we were going to 900, just that if we did I would be a buyer.

After all, we were at that level as recently as May, and the market seems to be jittery at present, with a raft of US uncertainties, presidential elections and interest rate hikes to mention just a few... and then there is of course brexit.

The trouble with a sell and repurchase strategy that you mention is that you don't know you are heading to 900 until you arrive (not withstanding your excellent chart work!). My approach is to ride out the market fluctuations and add on significant dips, having faith in the robustness of the AHT business model IMHO.

My apologies to anyone who was startled by my post, but statistically we all know that September is invariably a down month, so my advice is man up and suck it up! (but DYOR!)

[bracke] 14/9/2016 13:55

Good day Laird

Indeed but I don't post that I'm shorting it all the way down to 900. I'm quite happy with 40/50 points.

[lairddavid] 14/9/2016 11:02

Ohh! And all this coming from a confessed shorter.

[bracke] 14/9/2016 10:45

900!!!!!!!!

If the share price did start heading down to 900 surely you would sell all your shares and buy back at 900 or thereabouts?

I trust you realise that there are share holders who read this thread and are of a sensitive nature. Suddenly dropping 900 into the post without any warning is likely to have caused considerable consternation and resulted in extra load on the health service. Please be a little more circumspect with utterances of a similar nature.

[ianwwwhite] 13/9/2016 20:31

Thanks bracke, always good to have your views.

Me? I am hoping for the usual Sept shakeout, or retrace as I have been waiting for an opportunity to switch some investments from money funds to equity funds, and it looks like the uncertainty around the Feds intentions will help trigger this.

In the meantime, AHT has shown itself to be fundamentally in good shape, so I'm pretty certain any drop in price due to general market uncertainty will ultimately be made good. I'm still a long term holder and will add if we get down to the 900 'bargain' level!

[bracke] 13/9/2016 17:57

To-days volume,price range and price action suggests that there was a tussle taking place with a win for the sellers.

The question now is who are the more determined buyers or sellers.

Will the 1200 zone hold?

As I type the US market continues down. Unless it pulls back later, holding 1200 will be difficult.

[bracke] 13/9/2016 11:42

and back to the 'old' resistance at 1240.

[bracke] 12/9/2016 11:08

The share price is as I type being supported at 1200. It may drop below to test the SMA 50 at 1183.

[discodave4] 11/9/2016 15:49

Well done Bracke!Be interesting to see which way it goes tomorrow, 1206 or 1306?.DD

[bracke] 11/9/2016 11:55

Good day Disco

"Ashtead always seems to give it you on results day, then takes it all back before the end of the week. Oh well."
======================================================================================

Par for the course.

Risky shorting a rising trend but got it correct. AHT owes me a few £.

[dcarn] 10/9/2016 16:23

Just noticed there was a buyback yesterday at a max of £12.78.

Looks like they've upped the ante somewhat.

[discodave4] 09/9/2016 18:13

Thanks Bracke.Did I read correctly?, you opened a short!, tut tut.Ashtead always seems to give it you on results day, then takes it all back before the end of the week. Oh well.DD

[bracke] 09/9/2016 15:23

Overall the markets is down today plus extra profit taking with AHT which is to be expected given the rise.

As I suggested in previous posts 1240/1250 is first s/r. If that fails next s/r is at 1200.

[clarky5150] 09/9/2016 11:07

Profit taking?

[ianwwwhite] 08/9/2016 17:42

bracke

lol!!

[bracke] 08/9/2016 17:25

'too big to fail'
===============

Tut, tut such a cynic.....but correct.

If the merger proceeds a new coat of arms would be required. I suggest crossed crowbar and screwdriver (indicative of extracting money from punters) on a sea of banknotes flanked by rampant bankers. The motto 'quoque magnus deficere' with banner 'Nirvana'.

[ianwwwhite] 08/9/2016 16:56

bracke

You are right, of course..

On the other hand, if the merger goes ahead, they may well achieve that blessed status 'too big to fail' and become immortalised!! Bonuses all round I hear the cry!!

[ianwwwhite] 08/9/2016 15:38

bracke

I heartily agree but I was trying to show some sensitivity (for a change!)

...it doesn't seem right to kick a bank when it's down!

They must be pretty glad that their AHT analyst hasn't been turned loose to appraise their own bank's prospects!

.

[bracke] 08/9/2016 14:33

"Their own share performance is singularly unimpressive over the last 12 months or so too!"
====================================================================================

The understatement of the month


Deutsche Bank DAILY

[ianwwwhite] 08/9/2016 13:18

Good day bracke

Lol!

If I was a customer of DB I would be pretty disappointed that they have called it wrong for so long and denied their followers the opportunity of making a pretty reasonable gain over the last 6 months or so.

Their own share performance is singularly unimpressive over the last 12 months or so too!

[bracke] 08/9/2016 12:07

Good day ian

Thanks for the information.

Their target appears to presuppose that there is something wrong with AHT or that the market for their services is going to plunge. Given that the AHT market is the US perhaps they think Mr Trump will not win and the Great Wall Of US will not be built.