Ashtead Share Discussion Threads

[bracke] 01/5/2018 16:48

Good day fenners

Given that the £:$ is a variable it would mean converting the AHT daily closing price from £ to $. I can't find a chart showing AHT in $.

To-days closing price of 2032 is $14.93 but does that really help.

The current rise of the $ against the £ is likely the reason for the inability of the share price to break up into new ground.

[fenners66] 01/5/2018 15:49

I get your point about the % change Bracke and it is merely curiosity but if the value of sterling changes against the US$ as it has then the graph in US $ could look entirely different

For example AHT is £ goes up 10% so on your chart it rises - but if at the same time the £ falls 20% vs the US$ then the $ chart would fall.

So curiosity says to me what does it look like in US$?

[bracke] 01/5/2018 15:24

"we are in complete agreement!"
===============================

A momentary aberration. Nothing to become worried about.

[ianwwwhite] 01/5/2018 14:48

duplicate post removed

[ianwwwhite] 01/5/2018 14:48

Good work bracke, disconcerting those it seems, we are in complete agreement!

I have found it useful to change the graph lower indicator to '% compare' (from the lower indicator 1 drop down menu) and so we get the percentage changes for URI and H+E shown against a 'straight line' AHT.

As for why the divergence/convergence, it will have to remain a mystery for the time being....

[ianwwwhite] 01/5/2018 13:47

Hi fenners

You are correct, but my chart is based on percentage change in price, irrespective of currency and on that basis my own view is that the comparison is still valid.

What do you think?

Edit: I can't find a US dollar quote for AHT, is there one?

[fenners66] 01/5/2018 12:34

Are those charts in different currencies - I assume they are?
What if the AHT was quoted in US$ ?

[bracke] 01/5/2018 11:54

Good day ian

Yes I also noted that HEES and URI were similar with AHT the outlier but as you post HEES and URI appear to be dropping back to converge with AHT. As to why....the only thing I can think of is that HEES and URI are quoted on the US market and AHT is on the UK market. I know that is not a good logical reason but the markets are not always about logic.

Although the greater majority of AHT business is in the US perhaps they are seen as a UK company and therefore perceived as not partaking in the US 'boom'. Maybe AHT should consider moving to the US market?

The SP

I note this morning that the share price again tested 2010 on opening but immediately rose.

Good day 2flat

I now agree that the green rising PF on my chart appears to be done but the black declining PF may also have done its job after it came close to being hit following the drop from the high. I have now drawn in a Schiff PF which appears to be in play.

AHT DAILY

[ianwwwhite] 01/5/2018 10:39

Good morning bracke

Thanks for posting your 'big chart' links for AHT, H&E, & URI

At first glance, the share price profiles for H&E and URI look very similar, but there is a noticeable
divergence in the case of AHT which commenced in August 2017.

I have overlaid the graphs for AHT and H&E for comparision, (The lower indicator in the graph is
the % compare trend).
:


Both H&E and URI initially saw considerable price gains against AHT, but more recently losses, and
seem again to be converging with AHT.

Why? I have no idea, but it seems it would be wrong to assume that URI, H&E and AHT always
proceed in lockstep, possibly because of their individual product mixes/markets, currency fluctuations etc.

What are your thoughts?

[2flatpack] 26/4/2018 14:18

Afternoon bracke,
Thanks for your thought's.
If the share price tests the trend and falls back.
I may try a short myself after the US opens .
fenners
bracke suggested you may have the price of a cup of tea for a poor down at heal gambler.
As always I live in hope.
Cheers

[bracke] 26/4/2018 12:44

Good day 2flat

I left the rising PF on the chart because the share price had not broken below the LP. On the chart below you will see that I have added a down sloping PF which the share price came close to reaching yesterday.I should have covered my short but decided to leave it and was stopped out today for 13 points.I have left both PFs' on the chart because I think there is potential for both.

The Daily SMA 50 and SMA 100 are close together and as you post are supporting the share price

You could hold out your cap to fenners, as to what he will put in it I would not care to guess.

AHT DAILY

[2flatpack] 26/4/2018 09:11

Morning bracke
Looking at the chart I would say the last pitchfork is no longer reverent and the main factor is the down trend.
I note the 100 day is holding us up at the moment.
I intend to start buying at the 150 day 1973 and jump in whole heatedly at the 200 day 1890. If or when, as ever I live in hope.
Re. charity
With my losses on IQE ,I am cap in hand myself.
Cheers

[bracke] 25/4/2018 14:03

I have opened a short.

[bracke] 25/4/2018 12:10

I thought those interested in charts may find this one of interest.

You will note where the drop is currently supported but I would not put money on it holding. There maybe a retrace up before it drops below the trend line but I doubt very much that the gap will be filled.

Those who short (a dirty word) may be considering doing so if/when it breaks below the trend line. That support at 1885 looks very tempting doesn't it.

AHT DAILY

[bracke] 25/4/2018 11:14

Good day Disco

It seems the rise in 10 year Treasuries to 3.0% has burst the DOW bubble and those associated with it.

Good day 2flat

Well done with your trades.

Will you be making a charitable contribution to the engelbreth savings account?

[2flatpack] 24/4/2018 20:53

Just noticed below the charts ,is that an advert for etoro?
I see whitebeam20 has done well, yearly gain of 47.47%,
but engelbreth not so well, with a yearly gain of 6.04%.
A buy and hold strategy would have given a yearly gain of 30% plus divi.
That's why I ask is it an advert?
Should they not be pointing englbreth towards a saving's account.
Cheers

[2flatpack] 24/4/2018 20:20

Had one hell of a run this month.
Have taken profit on my trading shares.
The charts look good to me but I suspect the URI falls will effect sentiment sooner or later.
Cheers

[discodave4] 24/4/2018 19:48

Don't think it will bracke.......more likely to drop, DOW down over 2% due to interest rates and URI down 5%.DD

[bracke] 24/4/2018 17:06

The share price again resisted at previous resistance.

Maybe one more 'shove' tomorrow will do the trick but if the £ rises against the $ it may spoil things.

[bracke] 23/4/2018 14:22

I believe they are looking for £700 million to keep it afloat.

EDIT

"Outsourcer Capita surged after it gave details of how it planned to spend proceeds of its £701m rights issue on a new strategy amid a "significant deterioration" in new business wins and a £513m loss before tax."

[bracke] 23/4/2018 13:39

Bognor Regis Jewel of the South Coast.

Preferred holiday destination of Steptoe & Son and numerous luminaries.