Ashtead Share Discussion Threads

[bracke] 29/12/2020 10:41

3500 and as I type an 84 point gap but what type?

[uppompeii] 29/12/2020 09:24

Wonder if Hatto ever looks in?

[fenners66] 24/12/2020 19:19

And sterling falls vs the $ as well....

Happy Xmas all and a prosperous New Year.

[perfido] 24/12/2020 18:39

Boris delivers brexit:

[riley109] 24/12/2020 16:35

Happy Brexmas everybody.

[bracke] 24/12/2020 12:26

Certainly never considered you a "squiggly line" perfido, perish the thought!

Happy Christmas to you and all AHT'ers.

[perfido] 24/12/2020 11:46

Good morning bracke,

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One month is a short time frame etc
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Gosh, you don't think I would buy or sell on the basis of a few squiggly lines on a chart? I'm more a long 'fundamentals' sort of investor..

I was merely seeking to make the point that in my view AHT is likely to have been influenced by the most recent fluctuations of the Sterling exchange rate rather than US monetary policy (see post 58435). I accept others may have a different view, time will tell.

I have now reduced my AHT holding over time to an acceptable level of risk for the time being, so another masterly period of inaction is now appropriate. The AHT sale proceeds are not idle however, just redeployed elsewhere in managed funds with good managers and an acceptable balance of risk/reward.

Seasons greetings to you and all the other posters and lurkers on the AHT board :-)
.

[bracke] 24/12/2020 11:14

Good day perfido

One month is a short timeframe for a buy and hold investor such as yourself. Let's see where they are in comparison to AHT in the spring.

Yesterday was a tight trading range so fair to think there was some profit taking. It will be interesting to see if as much effort goes into holding 3400 as went into holding 3300.

[bracke] 23/12/2020 16:18

As I posted....laughing all the way to the bank!

[perfido] 23/12/2020 14:52

Good day bracke

Thank you for your 'mean average' explanation. For readers of this board would it not be helpful to quote the period and number of shares concerned in arriving at the 'mean' calculation otherwise it seems pretty meaningless.

If you think that the only thing propelling AHT ever upwards is the Fed etc, why do you think that our competitor URI is on a downward slope - similar business etc?

Finally I applaud fenners success with his AHT investment, but it is worth noting he is not alone in enjoying this as other posters have intimated in the past.

Truly an investment of a lifetime for a number of long term holders, particularly those that have sheltered their gains in an ISA wrapper..

[bracke] 23/12/2020 13:12

Good day perfido

mean average volume is the figure provided on financial sites for the daily volume. The reason I have added 'mean' is because fenners suggested it is misleading because it includes the outliers i.e the very high days. fenners prefers median volume.

fenners is correct. My view is that for AHT; Brexit and £/$ weighed against the Fed, stimulus and market momentum are 'small beer'.

I like to have a little 'dig' at fenners occasionally, he can take it and he is the one laughing all the way to the bank!

[perfido] 23/12/2020 11:16

fenners66

An overlay of AHT, URI and GBP/USD on a graph since Sept might seem to indicate a different story - however to each his own

[fenners66] 22/12/2020 20:45

perfido
I believe bracke understands the translation equation well enough but was making the point that nothing getting in the way of the proxi US stocks rise.
No facts , no translation etc.

[perfido] 22/12/2020 19:55

Good evening bracke,

Re:
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It would be reasonable to think that a Brexit deal would result in £ rise but given most of AHT business is in the US would it make much difference?
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It's to do with profit translation, if the £ rises, each dollar of profit is worth less in sterling terms and vice versa

What's your definition of mean average volume?

I'm surprised at your reference to fenners CGT problems, I thought by now he would have bed and ISAed his liability away - still someone's got to pay enough tax to repay Rishi Sunaks Covid borrowings?

[bmel] 22/12/2020 19:32

Now that looks a little more like a Santa rally.

[perfido] 22/12/2020 16:59

AHT +2.2%, +75p finished @ £34.46 on volume of <> 970,056 as sterling continues its fall.

Its a funny world, is there a touch of end of year window dressing, will sterling snap back on news of a brexit deal?

Do nothing where uncertainty reigns still my favorite option across all my holdings until sanity returns ... trying to time the market is not my sort of game

NAI, DYOR, just saying..

[bracke] 22/12/2020 15:48

What chance today is the first close above 3400........or will it be one of those fenners annoying last minute drops?

[bracke] 22/12/2020 14:45

You do well put 'SHOULD' in capitals fenners.

I look at the US fundamentals. The marked pumped with billions of $ by the Government and the Fed, a $ continually in decline, low/negative interest rates and very low inflation. What's not to like. There does not seem any end to it in the near or mid future barring an enormous Black Swan which would have to be very major. The usual type of Black Swans are overcome in a matter of hours.

Apart from the occasional large retrace it's onward and upward.......until eventually something gives.