Ashtead Share Discussion Threads

[perfido] 10/6/2021 20:30

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perfido 5 Jun '21 - 20:13 - 58980 of 58989
Ashtead is beginning to look a bit toppy recently, lower volume and diminishing price range, taking it to the lower threshold of what I recognized as a quasi rising channel.....
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My comment of 5th June would seem quite prescient, AHT having broken trend, and subsequently fallen from 5200 to close today at 5068 - where do I apply for guru status?

It seems that the upward channel which I was watching has been broken, it remains to be seen whether AHT will step back up, or await Tuesdays results for direction.

In the meantime US CPI (Inflation) rose to 5% in May, core inflation rose 3.8% year on year, the fastest since 1992...

[bracke] 09/6/2021 13:03

Thanks for the links.

My understanding is that Biden can still get all the cash for the infrastructure spending through the Senate by one vote IF all the Democrats vote for it but there is a possibility that one or two think that the cash level is too high and want it reduced.

[bukko] 09/6/2021 12:49

Alternative to FT if no access.

[hawaly] 09/6/2021 12:18

Infrastructure talks between Joe Biden and Republicans collapse



One free link to non FT Subscribers:

[bracke] 09/6/2021 10:50

The share price dropped with a 'clump' this morning. Shareholders have got so used to the share price attaining a new level and support that a support failure will have come as a surprise if not a shock. It did not 'mess about' but went straight to the next support at 5100 and in the process filled the gap at 5148.

Why the drop? Perhaps nervous shareholders ahead of the US inflation data tomorrow have decided to take some profit. I suspect the real test will come on Thursday.

BTW the next gap down is at 4904. I'm not expecting it to drop to that level but if the data frightens the markets it should not be discounted.

[trt] 09/6/2021 10:46

Taken advantage of the dip this morning and topped up.

[perfido] 08/6/2021 16:30

Q4 and Year End results due 15th June 21, and proposed final dividend announcement?

[trt] 07/6/2021 13:55

Results 15th June

[perfido] 06/6/2021 23:09

Good evening bracke

Many thanks for your thoughts on Strix, much appreciated.

All being well, I have a five year review timeframe on this very small investment, during which time I understand they are aiming to double revenue, so I won't comment further, unless something unexpected happens.

Just a bit of a punt for me really, not my usual investment style :-)
.

[bracke] 06/6/2021 13:52

Good day perfido

Good fortune with STRIX.

A nice looking chart, not as meteoric as AHT but not far off. Like AHT it is making new highs.

Following a leg up it likes to range for a couple of months before the next leg up. On 1st June it closed above 300 for the first time. It would be surprising if it did not retest 300 which had been a previous resistance level.

The RSI suggest it may have difficulty holding above 300 when it first tests it.

[perfido] 05/6/2021 20:13

Ashtead is beginning to look a bit toppy recently, lower volume and diminishing price range, taking it to the lower threshold of what I recognized as a quasi rising channel, but can't complain with recent progress overall and I continue to maintain a small holding.

In the meantime, for a bit of fun I have taken a very small position in STRIX (KETL), the worlds number one manufacturer of kettle controls.

Strix products are being used at about 1 billion times a day globally

* Established partnerships with brands, OEMs and retailers
* Broadening product range
* 38% global share of kettle control market
* The most trusted technical partner in the industry
* Over 800 employees
* Headquartered in the Isle of Man, production in China and elsewhere
* Recently paid a dividend (!)

Most importantly, in Buffett's words, they continue to protect their 'patent moat' by aggressively persuing patent infringements.

Not a ramp, merely a 'fun money' investment, as indeed Ashtead was when I first bought in in 1997 (yes really!)

If STRIX interests you please DYOR, it may be a slow burner, I'll let you know how I get on in due course.

[fenners66] 04/6/2021 15:26

Was that 492k NFP so bad news is good news?

[bracke] 03/6/2021 18:28

fenners

The US data tomorrow is of particular interest. The main concern is interest rates.
Interpreting the market reaction to data is difficult but the thought is that if the data is good ie. lots of jobs and thus possibility of higher inflation, the FED may have to raise rates earlier than expected which will send the market down.

Front running the data is risky. You may get the data correct but the market may not react in the way you thought. I got caught on that many years ago.

[fenners66] 03/6/2021 17:06

Thanks bracke , I appreciate your take on it.
I must say (despite the share price having risen since I posed the question) that I was thinking it may well fall to the 50day MA so that coincides with your fib.

Sometimes looking at the intra-day its hard to resist that there may be a change of direction during the day (and there still could be) but then I console myself with the idea that there will still be lots of investors that only see the closing price and therefore may react to that (as it is still down) and sell to preserve their gains.

[bracke] 03/6/2021 15:20

First the longer term daily chart to put things into perspective.

IMB DAILY LONGER TERM



IMB DAILY SHORTER TERM



The share price has reached an S/R zone 1700 (red solid horizontal line) which has come into play several times previously, so it is not surprising that the share price is resisted again

Following resistance the share price has dropped to the first fib at 1600 where it is being supported. It remains in an ascending channel.

You will note that when the share price was resisted at 1700 in mid January it was also supported at 1600 (red dashed horizontal line) for several days before support failed.

You mentioned the Daily 50SMA which is currently at 1550 where the next Fib to the downside is located.

If I was thinking of buying I would hold, certainly until after the US NFP data tomorrow. Notwithstanding the data tomorrow I suspect there will be more downside to come if only to the next fib.

[fenners66] 03/6/2021 14:01

bracke any chance of you running your chartist rule over IMB, please ?
Share price has taken a dive of late and is approaching the 50 day moving average.
My question is , does it suggest it carries on falling , as such any entry price is lower down ?

[fenners66] 03/6/2021 13:08

There must be some analysis that viewers of the test cricket today are likely to be "older".
Each ad break has had at least one life insurance advert .....

Stereotype of everyone in the ads buying life insurance is they all have to be happy and smiling .... at the prospect of their own demise....

[bracke] 03/6/2021 12:56

The markets are very 'jittery' today ahead of tomorrows NFP. April's data which was well short of what was expected has caused uncertainty for May's data.

[bracke] 03/6/2021 10:46

Good day fenners

Very community spirited of you, thank you.

The share price has retraced to 5200 where support is likely. If it's feeling lack lustre it may decide to go for the gap fill at 5148.

AHT HOURLY

[fenners66] 02/6/2021 20:29

Actually all I was doing was posting something to remove that idiots spam post (since removed) as being the last unread item on my favourites list....

[bracke] 02/6/2021 18:17

Good day fenners

I may be misinterpreting your post but you appear surprised. I would be surprised if URI wasn't near its all time high given that AHT is and they are in the same business.

[fenners66] 02/6/2021 16:23

URI hovering near all time highs still ?

[trt] 02/6/2021 09:27

Topped up on the dip this morning got to take advantage before the rise onwards to £55.