Ashtead Share Discussion Threads

[fenners66] 31/7/2024 07:17

H&E results out overnight with single digit gains, maybe better than market was expecting?

[fenners66] 31/7/2024 07:11

Jump opening?

[bracke] 30/7/2024 22:42

disc0

"Do I get a gold star?"
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It was a good answer but not totally comprehensive. A bronze star is appropriate on this occasion.

[disc0dave46] 30/7/2024 18:06

Mr bYes I meant March 24.Do I get a gold star?Thanks for your additional commentary.

[bracke] 30/7/2024 17:26

"Looks like resistance from intra day highs Aug and March?"
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Very good!

I presume you were referring to March 2024. It was also resisted in March 2023. Although the share price did break up and hold above the resistance in May 2024 it came back down, made a couple of attempt to go back up but the resistance proved too strong.

When it gets back to 5790( EDIT) NOT 5790 BUT 5514. it may require a gap or a zoom to get past what is a strong resistance zone.

Before it can make an attempt at 5790 it has to move above the SMA200 and back into the ascending channel.

[disc0dave46] 30/7/2024 16:13

Good day Mr b"You have been viewing my 'pretty charts' for some time now so let's see if you can tell me."Because I look doesn't mean I understand all those squiggly lines!.Looks like resistance from intra day highs Aug and March?. Will ask the hound!.

[bracke] 30/7/2024 11:41

Good day disc0

I suppose Mr Bailey will have an eye on what the new government do. If Mr Starmer & Co are going to hand out above inflation pay rises to a significant portion of the employed that may suggest no cut,especially as others will want the same. On the other hand if government spending is going to be cut to pay for the increased pay plus an increase in taxes perhaps one will cancel out the other.

Mr Bailey may think best to wait and see.....


Your question about 5790.

You have been viewing my 'pretty charts' for some time now so let's see if you can tell me. The link to the chart below is over a longer time period. What is the significance of 5790?

AHT DAILY

[disc0dave46] 29/7/2024 19:19

Good evening Mr b"I shouldn't be surprised if it doesn't result in a few writs."As they say, there's no pint trying to Sue a man of straw!.Will the other non guru Mr b cut this week?, has he the gonads?, personally I doubt he will even though I believe he should.One question guru Mr b - what's the significance of the 5790 on your pretty chart?

[bracke] 29/7/2024 14:24

Good day disc0

"like an illiquid AIM stock"
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That will have caused more than a ripple among the 'devotees'!!

I shouldn't be surprised if it doesn't result in a few writs.



I was reading an article that suggested the US Treasury issuance of large amounts of debt increases inflation and negates the FED attempt to bring down inflation. I suppose the FOMC has an eye on the Treasury adding to debt levels which they appear to do with impunity.


Viewing the "pretty chart" you will have noticed that the share price is being resisted at the 38.2% Fib (5414) but more importantly at the SMA200. A break and hold above the SMA200 would be encouraging.

AHT DAILY

[disc0dave46] 26/7/2024 14:16

Good day Mr bI've always thought it was volatile and like an illiquid AIM stock (okay not quite that bad but does move a lot).I note US PCE (core and non core) came in 0.1% higher than forecast but commentators still sticking to cut in Sept.Thanks for....you know what.....pretty charts (was going to say graph but didn't want to upset you!).

[bracke] 26/7/2024 11:54

Yesterday and todays price action suggests the buyers are back in control.

The gap at 5242 filled yesterday without hesitation and the opening this morning gapped over the 50% Fib. As I type it is dropping back.

As fenners suggests maybe it is now a plaything of day traders.

AHT DAILY

[fenners66] 26/7/2024 11:23

AHT is becoming very volatile of late.
Share price may be over £50 but the intraday swings are mad.
This may itself be attracting traders who previously left AHT alone , feeding even more volatility.
Got to say I preferred the slow and steady rises of yesteryear.

[disc0dave46] 26/7/2024 09:49

URI closed up over 5% yesterday so guess read across.

[disc0dave46] 25/7/2024 16:32

Good day Mr b"Even if the FOMC cut the rate at their next meeting will it make much difference to the US Market."Mmmm, good question. Is a rate cut now priced in?, like to think it will make a difference given it still increases the future value of equity's. As for Tech, was tongue in cheek buying, but that said I'm not selling, in fact been buying a semi conductor ETF (if Trump gets in all bets are off there!). Still believe the UK market will see more of a difference once Mr Bailey grows a pair and cuts next month! (he should IMO but he probably won't as he waits for JP in Sept).Have a good evening

[bracke] 25/7/2024 15:38

Good day disc0

Even if the FOMC cut the rate at their next meeting will it make much difference to the US Market.

"Time to buy tech!"
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After you Sir.

Some weeks ago I analysed previous S&P 500 major reversals. My thinking is a retrace to 5500. I will assess thereafter.

[jackdaw4243] 25/7/2024 14:57

bracke
TNX

Nice recovery

[disc0dave46] 25/7/2024 14:01

Hi Mr bThanks for your pretty chart.It does look weak but guess just reacting to the US weakness - congrats Mr JP!.Read that tech stocks had their biggest daily fall yesterday for 12 years, that's going some. Time to buy tech!.

[disc0dave46] 25/7/2024 13:56

Wondered when tit, sorry typo trt, would show up.

[bracke] 25/7/2024 12:51

jackdaw

Fall in US Market connected to the USD:JPY carry trade.

[bracke] 25/7/2024 12:48

I am watching the drop (S&P 500) in the US with interest and hoping for at least a moderate retrace back up before a large fall..... if there is to be one at this time.

AHT share price is looking weak. It has dropped below the 61.8% Fib (5104)and opened a gap this morning from 5242. Below at 4954 is the location of the last major low which the share price may well decide to retest. If it breaks through 4800 is next support.

AHT DAILY

[trt] 25/7/2024 12:38

Could see £45

[jackdaw4243] 25/7/2024 11:55

Not what was expected, any reason for the drop??

[fenners66] 25/7/2024 07:38

Results from URI last night

" Summary of Second Quarter 2024 Financial Results

Rental revenue increased 7.8% year-over-year to a second quarter record of $3.215 billion. Fleet productivity increased 4.6% year-over-year, including the impact of the Yak acquisition, and increased 3.0% excluding the impact of the Yak acquisition, while average original equipment at cost (“OEC”) increased 2.7%.
Used equipment sales in the quarter decreased 4.5% year-over-year. Used equipment sales generated $365 million of proceeds at a GAAP gross margin of 47.4% and an adjusted gross margin9 of 51.8%, compared to $382 million at a GAAP gross margin of 51.3% and an adjusted gross margin of 57.3% for the same period last year. The year-over-year declines in the GAAP and adjusted gross margins primarily reflected the continued normalization of the used equipment market, including pricing.
Net income for the quarter increased 7.6% year-over-year to a second quarter record of $636 million, while net income margin increased 30 basis points to 16.9%. The increase in net income margin was primarily driven by higher gross margin from rental revenue, which included the impact of a decrease in depreciation expense as a percentage of revenue, and reduced restructuring charges due to 2023 charges associated with the restructuring program initiated following the December 2022 acquisition of Ahern Rentals, Inc. ("Ahern Rentals"), partially offset by decreased gross margin from used equipment sales as discussed above. "

[disc0dave46] 23/7/2024 13:03

Any reason for the drop from 12:30?, can't see anything market / company specific having had a quick look.

[fenners66] 23/7/2024 11:47

No volume shown so far today but a sudden jump ... ?

Some climate experts are predicting 11 North Atlantic hurricanes this year compared with their norm of 6.

Florida et al could be busy with clean ups once again.

Lets hope management have not built that into their budget this year though.