Ashtead Share Discussion Threads

[bracke] 12/10/2017 11:47

"I don't believe there was the same amount of information available as to accounts and track record / links to other failed resource projects from the same directors as there is now. If there had been would they have gambled so big?"
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I agree. There was not much information about the Clontarfians and they 'painted' a glowing future for the company prospects. People bought big and unfortunately when the share price started to drop they held and held and held.

Caveat emptor.

[fenners66] 12/10/2017 11:35

Canford Cliffs posted something about 12m since someone passed on the PET board.
I know he was around years ago when PET's prospects in Iraq was hyped by the Board, I guess he is referring to one who lost a lot of money on the hype. I know of one of the original posters on here who was likely in deep on PET and if he remained he will have lost a small fortune there.

I don't believe there was the same amount of information available as to accounts and track record / links to other failed resource projects from the same directors as there is now. If there had been would they have gambled so big?

[fenners66] 12/10/2017 11:30

Oh Good Day btw

[fenners66] 12/10/2017 11:30

The long gamblers cannot understand that for the likes of Carillion all I am saying is it is red or black.
I have never given an opinion on whether the share price will go up or down - I'm too long experienced so I know that supply and demand can lead to the strangest of outcomes. However I can read a set of accounts - and I do - unlike most of the gamblers.
I then post what I see.

As for Clon group they can filter - but they are not the target audience are they?
It is the next casual "investor" that needs to look at the history of the accounts and RNS's that I am informing. Therein lies their target market after all if you have no one to sell a share to you have no profit.

The fact that they want me to stop posting details from the accounts and RNS tells me all I need to know.

[bracke] 12/10/2017 10:38

Good day fenners

Unfortunately you deal in facts which often does not go down well with some of those who post on these threads, happily this is one of the few exceptions.

Shares are bought without due diligence but with the thought of the riches to come. When the reverse occurs the mood changes and woe betide the soothsayer who points out the actuality.

Buying a share as a gamble is ok if you know it's a gamble but buying a 'gambling share' as an investment is delusional.

Bringers of good news are hailed as Messiahs, bringers of bad news are denounced as Doom-Mongers.

Keep up the good work.

[fenners66] 11/10/2017 20:53

Bracke - You should see the damning appraisal I gave of Carillion this summer - I was thinking of buying there.

The report of lack of cash flow leading to an investigation was seriously damning.

I stated after that the FD lacked credibility whilst others defended him as initiating the investigation - basically he was looking the other way when the iceberg hit and then started an investigation as to why it was getting chilly.

2 months later they sacked him etc.

I have continued to post my thoughts on why a rights issue will be necessary so I have upset some gamblers there as well.

[bracke] 09/10/2017 16:52

Good day ian

I agree that the US Markets look toppy but the incessant rise has become the norm.

Eyes are on North Korea. Tomorrow is the anniversary of the founding of the ruling party. To 'celebrate' the occasion there is concern that there could be another long range missile test........and more to the point what Mr Trump may do in reply.

[ianwwwhite] 09/10/2017 16:39

Good afternoon bracke

Thanks for your interesting observations re wedges above.

The market overall is looking a bit toppy in my view, so a downward breakout would not surprise. I continue to watch from the sidelines with interest.

[bracke] 09/10/2017 10:40

The Following is for those interested in charting. Fundamentalists you have been warned so read no further!!

I have been perusing the chart this morning.

1 Draw a line across the highs on 21 July and 12 September and extend the line up and down to June 2016.

2 Draw a line connecting the lows on 18 August and 27 September and extend the line up.

Two observations.

1 The share price is in a rising wedge and approx 75% along the wedge.

2 If you have drawn the top line of the wedge back to June last year you will see it acted as support which is now changed to resistance.

Whatever you think about charts and wedges there is little doubt that the share price is headed for a breakout. You decide which way.

The links below provides information about rising wedges

[discodave4] 06/10/2017 22:58

President Bush tried that :)

[bracke] 06/10/2017 16:56

Bearing in mind Mr Trump has to get the money from Congress will they agree?

There is a far easier and cheaper way to deal with the problem. OK the neighbours may object but needs as must.

[ianwwwhite] 06/10/2017 06:56

Prototype for Trump's wall appears...

[fenners66] 05/10/2017 21:07

Well URI put on about $1.20 but H& E have lost a few cents......

[bracke] 05/10/2017 18:27

Looking at what the US markets have done after the UK closed bodes well for AHT if the rise is held.

[fenners66] 03/10/2017 22:39

We closed up 3.3% , but URI closed up another 2.5% and are now over $142

So have we even kept pace?

It may be that Trump can actually get some tax reform done, which may lead to some more spending in the US say on infrastructure etc....

On the other hand maybe he will just alienate everyone on twitter.........

[ianwwwhite] 03/10/2017 19:56

I can but agree.

Interested to understand what prompted today's rise. Unless there is something specific, it may well be that AHT has got a little ahead of itself in terms of 'fair value' (that bit we have to work out for ourselves!). A period of consolidation would not be unwelcome in my book.

[bracke] 03/10/2017 18:44

AHT is definitely for tortoises not hares. Buy and hold has been the way.

fenners' £40 by April is maybe 'pushing it'............... probably June but if the market does not take fright in the near future £20 is highly likely. If in addition we get the usual Santa Rally......... £25.

[ianwwwhite] 03/10/2017 18:32

Hi bracke

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You come up smelling of roses and I'm still among the dandelions.
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....oh that it was true!

I'm sure that your investment record compares equally favourably with my own, or better. It's just that you are a bit more active than me - we sloth investors like to take our time, and frequent naps in between!

As far as tomorrow is concerned, I would not presume to comment. I guess my investment style is reactive, rather than proactive...

I sold today on the basis that the price rise was too good to be true, and if it held, the risk profile of my investments would be too AHT centric. I anticipate that others may also see an opportunity to bank some profits as I did.

If the current price is maintained, or even rises further, I am content to hold on to the remainder of my holding, and indeed if the price falls back appreciably, I would consider a repurchase.

My faith in the companies prospects remains undiminished, so I am still in for the long haul, until the fundamentals change.

I appreciate that this doesn't help in the slightest, and confirms my instinct, I'm just not cut out to be a TA soothsayer!

[bracke] 03/10/2017 17:38

So be it ian. You come up smelling of roses and I'm still among the dandelions.

So what's it to be tomorrow? Normally I would say a retrace but given the way the US market is moving but it's not 'normal' so I stand aside.

[ianwwwhite] 03/10/2017 17:21

Good day bracke

Forgive me, the 'hanging man'comment was very much tongue in cheek and I promise will never be mentioned again!

The PC unfortunately is hobbled by the anti-virus programme that runs on start up - a necessity it appears if we are to keep the techo-savvy criminal fraternity at bay.

As for the golf, an instructor once told me it's all to do with LOFT - Lack Of Flipping Talent, he said, very funny I thought but he's just lost his tip!

[bracke] 03/10/2017 17:07

Good day ian

I know not what your handicap is but it's certainly not AHT.

Perhaps you could invest some of your profit in a new computer.....are you still using the Commodore 64?

You'r never going to let me forget that hanging man are you?

"I will now leave the dark arts of TA to the experts, and rest on my laurels! :-)"
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That is particularly cutting. A stiletto wielded in a velvet gloved hand.

As to the TA Experts will they own up please 'cause the non TA'ers are doing pretty well without it.

[ianwwwhite] 03/10/2017 16:36

Just got in from a rather poor round of golf to find AHT is going gangbusters!

An opportunity too good to miss,, I have sold 12% of my (ISA) holding at £18.49 - the price would have been a touch higher if it hadn't taken my PC so long to get up steam.

Still got a reasonable AHT stake, and today's proceeds will be used to re-balance my modest portfolio.

That 'bullish hanging man' I mentioned is certainly powerful medicine! However I will now leave the dark arts of TA to the experts, and rest on my laurels! :-)
.

[bracke] 03/10/2017 16:01

I remember you posting something similar last year and I thought 'you'll be lucky'.........and you were but I will not think it this time.

I remember the 'good ol' days' when bombs, shootings, hurricanes, earthquakes, flooding, etc would sent the market down, now it appears to add fuel to the fire.

One day......

[fenners66] 03/10/2017 15:49

Not too quick now AHT

£40 by next April 6th will be just fine........