Ashtead Share Discussion Threads

[bracke] 23/3/2018 17:54

1890 held........to-day. So any buyers?

[bracke] 22/3/2018 16:29

The FED decision did not result in an share price rise so off to 1890.

I suggest all s/holders get down on their knees tonight and pray to whichever deity takes your fancy that 1890 holds.

[fenners66] 22/3/2018 10:04

Just heard on Bloomberg that US congress has submitted a $1.3Tn budget for the rest of this year - which includes funds for a Mexico wall - perhaps that was the reason for URI and H&E rise............

[fenners66] 21/3/2018 22:23

URI and H&E still rose today .....

I have been looking for a catalyst but their news tabs show nothing.

[bracke] 21/3/2018 11:30

"But of course we have been educated and now we know the share price is all about sentiment to building in the UK......."
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DOOMED WE'RE ALL DOOMED!!

I don't like the look of the chart from a holders perspective. Unless The FED decision to-day results in a rise I suspect the share price will revisit the 1890 support zone.

[fenners66] 20/3/2018 20:01

All hail the $ then.....

But of course we have been educated and now we know the share price is all about sentiment to building in the UK.......

[bracke] 20/3/2018 18:09

The price action to-day is worth a post.

Above average volume to pull the share price back above the ML and S/R level to end on a doji.

FED interest rate decision tomorrow. A rise may strengthen the $ which will assist the SP

[bracke] 15/3/2018 17:09

Ref Post 55087

Following the last set of results the share price has become lack lustre and 2020 is proving a larger obstacle than previously.

Having bounced up to the green ML it appears to think it's done enough.

[bracke] 13/3/2018 10:47

Stuck at 2020 again. This has been a previous short term s/r zone so hopefully it should break to the upside relatively quickly.

[2flatpack] 12/3/2018 07:32

bracke
Thanks for your insight .
Cheers

[bracke] 11/3/2018 16:40

Good day 2flat

The two forks I had drawn (Standard & Mod Schiff) were drawn following the high at 2185, the subsequent fall, the rise which was resisted at a previous resistance zone (dashed pink) and the drop thereafter. Both of the Forks proved to be correct IE. the share price reached the MLs'.

The Forks remain 'operational' until the price action suggests otherwise.

Following Friday's rise I have redrawn the forks. You will note that the share price has not quite reached the ML of the blue Std Fork but has reached the ML of the green Mod Schiff (lesser degree)ie. easier to reach because not as steep.

The share price has so far resisted making a lower low (close below brown line) so a lower high is not confirmed.

AHT DAILY

[2flatpack] 11/3/2018 14:03

bracke
I have been playing with andrew's pitchfork (I hope he does not mind).
Looking at your chart it seems to me you have chosen the only combination of settings which will give a downward trend.
Which other factors helped you to to choose the down side ?
At which point do you think the upward movement negate's the down trend.
Sorry if I have missed the obvious but I am trying.
Some say BLOODY TRYING.
Cheers

[fenners66] 10/3/2018 00:54

URI new all time high I think $189.40

[fenners66] 09/3/2018 20:37

"James97
9 Mar '18 - 16:09 - 55080 of 55081

Market has reacted favourable to big increase in US construction jobs, which tends to go with additional demand for plant."

I agree but that is at odds with this learned opinion....


"henryatkin
6 Mar '18 - 11:17 - 55066 of 55081

fenners...its irrelevant that their business is in the US. Their free float is mostly traded by UK investors with UK sentiment."

[ianwwwhite] 09/3/2018 16:25

Thanks James, I just thought that it was just a normal Ashtead Friday!

AHT +57.5 as we speak, what an extraordinary week this has been.

Shows the difficulty of timing the market for those that do not follow the Buffett 'buy and hold' philosophy.... however, to each his own :-)

[james97] 09/3/2018 16:09

Market has reacted favourable to big increase in US construction jobs, which tends to go with additional demand for plant.

[fenners66] 08/3/2018 11:08

The market seems to be getting a whole lot more volatile.

[bracke] 07/3/2018 17:17

Buyers just about in control to-day. Above average volume.

[bracke] 07/3/2018 11:06

The share price still holding on to support but the test will come when the US market opens.

[fenners66] 07/3/2018 08:53

New all-time highs for H&E and URI?

And we dip because future outlook did not hint at being stella.

But AHT always underplayed the future.....

[bracke] 06/3/2018 18:11

That's a lot of volume with sellers firmly in control and a gap from 2030.

It closed managing to avoid breaking through support so not all bad. I would not be surprised if it tests the support level again.

[iomhere] 06/3/2018 14:25

henryatkin
You mention that sentiment here regarding the domestic housebuilding sector might be having an influence. I would tend to disagree although I do agree that UK house builders do not attract high ratings. This has always seemed strange since PSN, for example, has consistently done well over many years and has also paid well above average dividends. The mantra with UK builders is said to be buy just before Christmas and sell in the Spring. I prefer to steadily increase a holding in say PSN and stay with it for the long term.
As for AHT I feel I'm in the wrong game. My judgement sides one way and the market goes the other. If anyone has an enlightenment I'd be most grateful to hear it.

[ianwwwhite] 06/3/2018 13:56

kingston78

By my reckoning, Ashtead have bought back 4,870,500 shares at an average price of 2053.91.

I believe the closing high was around 2152 on 23rd Jan 2018.