Ashtead Share Discussion Threads

[fenners66] 19/7/2024 17:17

When are they going to announce moving the listing to New York ?
May as well get on with it , its tracking the US stock exchange anyway.

[bracke] 19/7/2024 12:46

A retrace today following on from the continued US Market fall. Remember OPEX.

The share price is being supported at the 50% Fib (5310).


AHT DAILY

[perfido] 18/7/2024 21:56

Riley re post 62915

…and your point is.?
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[disc0dave46] 18/7/2024 18:31

Good evening Mr bTa for you know what :)Yeah our cousins still buying small caps and trimming Tech....just a blip (I hope as 18% of my fund portfolio is in that sector!).Nasty UT here.

[bracke] 18/7/2024 18:26

The share price meeting resistance at the 38.2% Fib (5514). The US did try to push it over but lacked firepower to get the job done.

The US was in retreat yesterday and again today. Is it a tactical retreat or full blown withdrawal. OPEX tomorrow may make things clearer.

AHT SP

[disc0dave46] 18/7/2024 16:37

Think you can get a decent idea as to what kit they could be hiring from the following business descriptions:From their last final results - Founded in 1987, Mitie employs 68,000 colleagues and is the leading technology-led Facilities Transformation company in the UK. We are a trusted partner to around 3,000 blue chip customers across the public and private sectors, working with them to transform their built estates, and the lived experience for their colleagues and customers, as well as providing data-driven insights to inform better decision-making.In each of our core services of Engineering (Hard Services) and Security and Cleaning & Hygiene (Soft Services) we hold market leadership positions. We also upsell Projects capabilities in the areas of building fitouts and modernisation, decarbonisation, fire & security, and telecoms infrastructure. Our sector expertise includes Central Government, Critical National Infrastructure, Defence, Financial Services, Healthcare & Life Sciences, Local Government & Education, Retail & Logistics and Transport & Aviation.

[perfido] 18/7/2024 14:52

Hi Riley, does this help?

Mitie creates facilities and services that bring communities together across the UK, delivering exceptional cleaning, security, engineering and anything in between.

Shaun Carroll, Mitie’s chief procurement officer added: “We are thrilled to have signed this agreement with Sunbelt Rentals, who are now our sole provider of plant and hire equipment across the entire Mitie Group.

“Streamlining and simplifying our procurement processes is key to our preferred supplier optimisation strategy, and Sunbelt Rentals’ simple ordering process makes it easier and more efficient for our customers and colleagues to access the equipment they need. We look forward to continuing to build a strong partnership with Sunbelt Rentals.”

Source:
hxxps://www.internationalrentalnews.com/news/sunbelt-rentals-signs-multi-year-contract-in-uk/8038197.article.
.

[disc0dave46] 18/7/2024 12:56

Whatever they need that they haven't got. Sorry but did you seriously expect folks to know item by item?

[disc0dave46] 17/7/2024 17:33

Thanks Mr bYeah US taking a big breather, talk of China export curbs hitting tech, plus moves again into US small caps.

[bracke] 17/7/2024 13:07

This morning the share price did make an attempt at 5514 but was resisted. It also came up against the Daily SMA200. Perhaps the US will oblige again but the Futures are taking a breather.

AHT DAILY

[disc0dave46] 17/7/2024 12:55

Thanks ck.Just had a look at MTO's finals (to 31st March 2024) and they had a total contract value (wins/renewals) of £6.2bnTotal order book of £11.4bn.So could be some decent income?.

[c_k] 17/7/2024 07:10

Sunbelt is Mities preferred supplier which will bring additional business in the UK. Haven't seen an RNS so can't be seen as a huge win. https://www.sunbeltrentals.co.uk/news-and-blogs/sunbelt-rentals-signs-multi-year-preferred-supplier-agreement-with-mitie/

[fenners66] 16/7/2024 23:20

I think that is a new all time high for URI

[disc0dave46] 16/7/2024 18:47

Mr b"He probably thought they were quackers."lolThink the flat June US retail sales (following the rise in May) was seen as positive for rate cuts (I think - can't keep up tbh)

[bracke] 16/7/2024 17:27

Good day disc0

"Trump - apparently the security forces shouted “Donald Duck” but he thought they were jesting."
====================================================================================


He probably thought they were quackers.

The share price has held up so far. Next target 5514.

Below is the 5 minute chart. The volume came in from the US big and strong.

AHT 5 MINUTE

[perfido] 16/7/2024 17:07

Hi Disc0,

Re 62901, thanks, re 62902 ‘Donald duck’ lol, 🤣🤣!
.

[disc0dave46] 16/7/2024 15:47

Good day Mr bThanks for your pretty charts :)I see URI is making new 52w highs.....we need to catch up!.Mr Powell seems to be a happy bunny, that makes me nervous!.Trump - apparently the security forces shouted "Donald Duck" but he thought they were jesting.

[disc0dave46] 16/7/2024 15:40

PerfidoDecent trades congrats

[bracke] 16/7/2024 14:55

Good day palwing

Yes a 'zoom' provided by the US. Question now is will it be sold into.

[palwing32] 16/7/2024 14:49

ZOOOooooommm?

[bracke] 16/7/2024 12:34

First the good.

Yesterday the share price closed above the previous high and the 50% Fib and out of the descending trend.


Second the slightly negative.

It has dropped back from yesterdays close and is hovering on the 50% Fib but remains above the previous high.

Looking at the chart it will be seen that the 50% Fib (5310) has proved to be strong resistance in the past requiring a 'zoom'/gap to get through. It will not stay at the current level for long. Perhaps the US will provide buying volume to push it up as occurred yesterday..

AHT DAILY








AHT DAILY