Ashtead Share Discussion Threads

[palwing32] 20/3/2020 15:28

Thanks ameretto, will keep trying.

[amaretto1] 20/3/2020 15:24

Worldwide it's approx 200 billion

[amaretto1] 20/3/2020 15:23

It's probably data trafic on your lines They are busy busy Had it a few times today Not Halifax tho

[fenners66] 20/3/2020 15:20

BBerg says US airlines are asking for $50bn bailout

But the have spent $45bn+ on buybacks in the last 10 years.

The bailout should be NEW shares at the current (or lower) share price.

That will save the investors from losing everything , save the jobs, but give the state something in return.

Maybe teach investors to be more prudent in future and STOP the buybacks..

[palwing32] 20/3/2020 15:20

Can't trade on Halifax. Too busy one moment, error the next. Hmmm....

[amaretto1] 20/3/2020 14:40

Dow being kept up for triple witching.

[fenners66] 20/3/2020 14:15

Bracke , good day, Bloomberg finally waking up and talking about high leverage and buybacks...

Some of us voices in the wilderness were on about that for a long time.....

So now despite some previously wanting to shut down the discussion it becomes front and centre.

As said California shut down, surely Washington state to follow, that leaves Oregon in between - I know people there who want Oregon shut down.

That should spread - when it does AHT like everyone else will need all the cash they can get their hands on

[amaretto1] 20/3/2020 14:11

Dow acting like it could crashQE being used to the max

[amaretto1] 20/3/2020 12:46

It's foooked ... FTSE cannot hold up here ... next week will be a bloodbath imoIf i was holding here, I'd sell today With the idea of buying them back cheaper in the next few weeks

[bracke] 20/3/2020 11:49

Good day clarky

I hope you are well.....at least for the present.

I refer you to my post 57880.

The virus situation is far from over. On the news this morning that California is in total lock down, that's 60 million people. Each day adds to the woe.

The share price has pulled itself up to £16 this morning but I would be surprised if it stayed there or even close to it. Volatility over the coming weeks will continue. I previously mentioned £12 as a previous support zone which I expect to be revisited.

Perhaps if the AHT Board announced that they were ceasing the buy back operation it may help the share price

[amaretto1] 20/3/2020 11:27

Clarky....,. This is NOT the bottom I'm certain .... it may test 3000 FTSE AHT ??? I'm convinced ... and I'm hopeing chase Manhatten bank is ok.

[clarky5150] 19/3/2020 18:24

AHT has tried to break £12 on two occasions and failed (dramatically today) twice. Bracke, you have proven to be past master at this. Are we calling that (near) bottom??

[uppompeii] 19/3/2020 16:54

I'm glad I dont trade anymore. I'd have been dead by now. I used to enjoy it but dont miss it, nursing 15% fall in one pension and nearer 30% in another (thankfully a lot smaller). But would I have done better than an DFM? Maybe, but see above. And actually the 0.5% fee seems value just now saving 15% against the smaller portfolio which sits in a mix of off the shelf funds...

[amaretto1] 19/3/2020 16:49

Don't forget as i said earlier Triple witching at 10.15 ish

[amaretto1] 19/3/2020 16:48

Your thinking 8 ! Iam .... FTSE 4000 ... it's trading heaven at moDidn't trade this like.. the best of the lot unfortunately

[bracke] 19/3/2020 16:46

"The FD must be a very shrewd person! LOL"
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There's no pulling the wool over your eyes is there optomistic.

[bracke] 19/3/2020 16:38

Ref Post 57850

Apparently support in the £12-£8 zone.

The long lower wick on to-days candle would normally indicate a 'wash' ie. selling completed leading to a rising share price Unfortunately these are not 'normal' times.

Given that the virus situation has not peaked and is not expected to do so for several weeks a revisit to the low is a fair probability if only to test it.

Remember this phrase:- 'when the tide goes out you can see who is swimming naked'

Corporate greed ensures we are destined to repeat the same mistakes over and over. Human nature does not change.

[clarky5150] 19/3/2020 16:29

Wow, now that's what I call an intraday bounce.

[uppompeii] 19/3/2020 16:11

That's something of a range today!

[fenners66] 19/3/2020 14:13

I read the article about AA and it really beggars belief.
Essentially adding all $12bn of buybacks to debt !

AHT have of course done the same on a much smaller scale and I guess AA are somewhat at the top of the "Madness" spectrum.

But the point is that the US institutions let them do it !

So no regulators stopping them.
No auditors (presumably ) writing qualified audit reports...

But most of all the institutional shareholders presumably lapping it up - looking at the share price, as traders not investors.

Pass the parcel hoping not to be holding the shares when the music stops.

So we have companies making ridiculous decisions with the support of major shareholders - who don't give a fig as long as they can sell higher into the guaranteed short term demand created by the buybacks!

Then other companies (like AHT) come along and cite the markets doing it , shareholders love it.

Sure they are shareholders , they trade shares in big numbers and hold them for as long as it takes , milliseconds days, years perhaps but knowing their best returns from share buybacks are from selling , not holding and collecting dividends.

[amaretto1] 19/3/2020 11:32

Never ever understood Share buy backs .... When u r billions in debt Not too bad, if no borrowing. These clowns at AHT have put a great company in serious danger .. if this carries on longer than a year. They have not learnt anything from the past here.. it's nailed on to go under 10And the FTSE 4000 and under Triple witching tommorow, mkt are normally strong in the run up, After they fall !! Take note.

[optomistic] 19/3/2020 11:14

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Hope the link works, interesting article about American Airways and their share buy backs.

[fenners66] 19/3/2020 11:05

PS - that would have been REAL EPS ie higher profit , not a different ratio !