Ashtead Share Discussion Threads

[bracke] 09/8/2018 10:43

What chance new highs today.

Current highs are:

Intraday - 07 June 2018 - 2441

Closing - 11 June 2018 - 2400. EDIT Apologies this is incorrect. it was 18 July 2412

I would normally be thinking about a short but the ESMA rules mean that a £10/point stake requires a margin of £4867. This might be acceptable if it was the only trade open but if other trades are open the account requires £20k-£30k which is a lot of 'dead' cash.

Unfortunately the Australian account I have opened does not offer shares.

Unless I can find a reliable broker offering UK shares without ESMA my AHT shorting days are very limited.

[bracke] 08/8/2018 14:09

Last minute deal but what sort of deal. If it's a 'soft' one what chance Mrs May gets her marching orders or is 'requested' to fall on her sword.

[fenners66] 08/8/2018 13:38

Like the US imports from China that jumped up in order to avoid the tariffs !

[fenners66] 08/8/2018 13:37

All the commentators in the media are trying to make out that the negotiations are not moving at the pace they expect and that somehow we are not getting on with it.

There is a countdown and the clocks ticking.
There are 2 positions opposed.
Something has to happen deal , bad deal or no deal.

And the transfer deadline ends tomorrow !!

You see we could be talking about football or Brexit its going to the wire as they say .....

Of course it is - just that TM is weak and unstable and Barnier expects her to crack first.

Trump would do a better job of negotiating....

[bracke] 08/8/2018 11:42

Good day fenners

Yes it is and back to 2400.

IF and you will note a big IF a Brexit deal is reached the £/$ is likely to rise 10%.

What will that do to the FTSE and British companies who trade in the US.

There is of course the alternative and no deal is reached so maybe a 10% drop.

Currently British exports should be selling their wares 'hand over fist'.

[fenners66] 08/8/2018 11:31

£ dropping to 9 month low vs $ helping

[bracke] 08/8/2018 10:41

Good day 2flat

Must be because of the buybacks. If they can afford to do that they must be stable.........

[2flatpack] 07/8/2018 20:37

Moody's upgrade Ashtead's rating.
.

.
Cheers

[bracke] 07/8/2018 16:10

Good day fenners

Certainly not!......It would need considerably funds to do that.

I do remember a large holder selling their entire holding (24 million shares) in one hit. Supposedly because the share price had risen well and they wanted to take their profit........then surprise, surprise a couple of weeks later AHT announced a rights issue. I expect you remember that one fenners.

For retail traders the new ESMA rules have effectively killed off trading in Europe. I have set up a new account in Australia.

[fenners66] 07/8/2018 13:45

Was that you bracke ?

[2flatpack] 07/8/2018 13:22

I seem to remember buy back was introduced a few years ago to drive off shorter , who had pulled the share price down quite badly.
I would confirm this could be, but not definitively, is my last word on the subject.
Cheers

[ianwwwhite] 07/8/2018 11:44

No, applauding the absence of buyback posts, although clearly everyone is free to post whatever they wish without let or hindrance... fill your boots if you wish....

[bracke] 07/8/2018 11:07

Are we posting about buyback again?

[discodave4] 07/8/2018 09:06

Morning Ian, no problem.

[ianwwwhite] 07/8/2018 01:40

fenners

Lol!

[fenners66] 06/8/2018 22:56

Don't mention the buyback. I mentioned it once but I think I got away with it...

[ianwwwhite] 06/8/2018 22:01

Thanks DD,

Nice to see something informative posted here, rather than bluster and conjecture about the buyback...

[bracke] 03/8/2018 15:49

It didn't quite reach 2200. Has moved back up to retake 2300.

I still think it is not yet done with 2200.

[fenners66] 02/8/2018 21:02

£ hiccupped up and then down again - looks like that fall added a few pence here.

[bracke] 02/8/2018 12:37

"The question now is will 2300 hold."
======================================

No.

I did post a couple of weeks ago that 2200 was a fair probability and so it seems. Will that level tempt buyers?

To-days interest rate rise should strengthen the £/$ but if the FED increase their interest rate that will likely weaken the £/$ and then of course there's BREXIT how could we ever forget that!!

[bracke] 01/8/2018 10:52

fenners

Although the closing price may have been positive it was the closing auction that probably sent in down. End of month book balancing etc which has continued today.

I posted the buyback information for information. I thought the article gave a good explanation as to the reasoning.

As I posted last week we each have our view on buybacks....each to his own.

Those who have been around the markets for some time know that when as now there has been a long bull market, interest rates are very low and there is plenty of money to 'play with' the money is not always used to the best affect. In some cases it is used to bad affect but is not shown as such until the 'tide goes out'.

The question now is will 2300 hold.

[fenners66] 01/8/2018 10:31

Yesterdays price action and chart up until the close was positive - then the last trade price was down 12

Seems to have been a harbinger for today.

I notice you have still been posting articles about buybacks........

I don't look at the daily announcements of the buys but since they have continued recently I can only assume there has been a pile of shares bought recently that are "out of the money".

If debt had been reduced instead then arguably the reduced costs / leverage and whilst not reducing enterprise value (arguably with lower costs increased enterprise value) should have filtered through to hold up the share price.

[bracke] 01/8/2018 10:24

Good day fenners

What was wrong with it? It was only a small decline from the previous day.

[fenners66] 31/7/2018 21:46

Where did that closing price come from ? !