Ashtead Share Discussion Threads

[fenners66] 29/11/2017 14:34

The latest US growth data means that the economy posted its best performance in three years in the third quarter.

The revised figure showed growth remains resilient despite back-to-back hurricanes in late summer that barely left a scratch on the world's largest economy.

GDP growth in the July-September quarter was revised up to 3.3%, three tenths of a point higher than the initial estimate and the strongest performance since the third quarter of 2014.

The result means growth has surpassed the White House's 3% target for the second quarter in a row, after expanding 3.1% in the April-June period.


I'm guessing thats why we took off

[fenners66] 29/11/2017 13:02

Yep
£ down share price rises
£ up share price falls

[bracke] 29/11/2017 11:16

Good day deadcat

No problem I've done the same myself. fenners was also on a high. That forecast was a 20% increase on the current price.

Posting about current price....surprised to see the price action this morning given the rise in the US markets yesterday. The share price still wants to test 1940.

EDIT

Just noticed £/$ has risen following Euro 50 billion to the EU which likely accounts for the fall.

[deadcatbounce] 28/11/2017 19:03

bracke, apologies re link didn't notice think I was too excited (wishful thinking really as don't trust brokers comments).

[bracke] 28/11/2017 18:03

Steady on fenners! You know too much excitement isn't good for you.

Now take your medication and have a lie down.

[fenners66] 28/11/2017 17:43

2400 !
COR !
I will take that - after 6th April 2018, 2019,2020,2021, etc,

[bracke] 28/11/2017 17:38

deadcat

Thanks for link but when it shows as http edit the h to H.

[deadcatbounce] 28/11/2017 17:29

Just noticed this broker comment.
hxxp://www.stockmarketwire.com/article/5759429/Broker-Forecast-JP-Morgan-Cazenove-issues-a-broker-note-on-Ashtead-Group-PLC.html

[bracke] 28/11/2017 17:08

Volume 2.27 million to push the share price above resistance.

[ianwwwhite] 28/11/2017 17:06

Well done Ashtead closed +45p, 1949p up 2.4% .......

.. didn't see that coming!

[bracke] 28/11/2017 14:54

It's tried again and broken above resistance.

This looks more promising but it may still want to retrace and test 1940.

[ianwwwhite] 28/11/2017 12:34

Bracke

Lol!

'Buy the rumour'? I wonder whether in this particular case the expectation of stunningly good results is already in the price following publication of URIs last results.

In the circumstance in my view the greater risk is of AHT falling short of expectations, so continuing to hold and watch from the sidelines is still my preferred strategy till we hear the trumpets!

[bracke] 28/11/2017 12:03

ian

Elite Gurus like to present hindsight as foresight. It wouldn't do if the proletariat thought that we were fallible.

One would expect at some point 'buy the rumour' will come to pass. As to taking a position logic says it has to be a long position but I prefer to base my trades on chart analysis rather than result expectations. Each to their own.

[ianwwwhite] 28/11/2017 11:13

Hi bracke,

Apologies, when I typed 'hindsight' I meant 'foresight' which of course I know you Elite Gurus possess in abundance....

....I am blaming the spellchecker!

Thanks for your explanation though, I imagine we can expect more such 'Duke of York' manoeuvres in the coming fortnight and a shakeout following the actual Q2 results.

Must be tempting for traders such as yourself to take a position?

[bracke] 28/11/2017 10:42

Good day ian


"Hindsight is a wonderful thing! :-)"
====================================

Too true. Us Elite Gurus use it all the time.

But in defence of my exalted status........ looking at the hourly chart above the spike from 1930 to 1950 to break above resistance at 1940 was very likely to result in a test of 1940. There being no news to help continue the rise plus the propensity of the share price to indulge in such early morning antics followed by a retrace gave a fair probability that the rise would not hold on this attempt.

This does not mean that it will not try again especially as results are due on 12 December.

[ianwwwhite] 28/11/2017 10:23

Good morning bracke

Hindsight is a wonderful thing! :-)

[ianwwwhite] 28/11/2017 08:59

Spirited start to this morning, through bracke's 1940p resistance level, currently 1948p, that's more like it, but will it hold?

[ianwwwhite] 24/11/2017 14:48

Hopefully a rise in the interim dividend (2017 4.75p paid on 8th Feb to holders who were registered 21st Jan) might be on the cards?

On form, I believe that the interim div has been raised every year since 2011..... every little helps :-)

[bracke] 24/11/2017 14:21

Indeed fenners. Buy the rumour, sell the result.


You pays your money and takes your choice....or not.

[discodave4] 24/11/2017 13:25

Let's hope it will keep rising this time, after all, the last "ahead of expectations" was at the interims issued Dec last year.

[bracke] 24/11/2017 11:33

Good day ian

"'do nothing, avoid criticism'"
==============================

Do nothing was the second option i.e. wait until direction confirmed.

avoid criticism.....on other threads you would have no chance with that.


There is the possibility that the share price will move sideways and then as is customary spike up when the Q2 results are announced on 12 December. Unless you have bought on the expectation of the spike you miss out on the rise. Ideally a fall in the share price below the pullback low would give a buying opportunity on the expectation of good results.

Decisions, decisions.

[ianwwwhite] 24/11/2017 10:26

Good morning DD

I share your view re 'above expectations'

The problem is how much of the anticipated revised outlook is already 'in the price'?

Nevertheless a share price of 1900+ at the year end would be an acceptable result in my book (+20% p.a.) bearing in mind we started the year at around 1580 (31/12/16)

[discodave4] 23/11/2017 19:15

Reading between the lines of Q1, wouldn't be surprised if "in-line" has advanced to "above expectations" thanks to Harvey and Irma!.As ever thanks bracke.DD

[ianwwwhite] 23/11/2017 17:16

Good evening bracke

Thanks as always for your views.

It seems that with the US market closed, we have avoided the customary fall back this afternoon. Tomorrow I believe is a half-day in the US markets so normality will only return on Monday, leaving 10 days 'till Q2 results are published.

Of the possible tactical options you mention, you left out my favoured approach .....

'do nothing, avoid criticism'

.... it worked for Dilbert!