Ashtead Share Discussion Threads

[fenners66] 11/11/2024 12:10

disco - I think you have identified the problem on the Cav thread.

[bracke] 06/11/2024 18:22

Good day uppompeii

Nice to read from you again.

Yes I succumbed to the euphoria of not only the large up gap but also to the filling of the three gaps which had awaited filling for some time.

I've taken my medication (couple of glasses of Lidl lower shelf red) and returned to my usual reserved self.

I will attempt to maintain my decorum if such events reoccur.

Apologies for the uncharacteristic outburst.

The thread natives will be pleased to see that the share price has held onto most of the day's gains at the close. I being somewhat circumspect am wary of the high RSI.

EDIT And I should add, that very large gap !!

Regards

bracke

[uppompeii] 06/11/2024 17:12

Heavens, I've never witnessed bracke so effusive.

[palwing32] 06/11/2024 09:26

I think we have a bracke Zoom.

[fenners66] 06/11/2024 08:09

Oh dear that counts as a gap I guess.

Perhaps given the idea that the US may well drop corporation tax rates the Board now think about
moving the listing to the US again ?

[bracke] 05/11/2024 16:54

Good day disc0

According to the 'bookies' Mr T is well favoured to win !!!

I don't know how they arrive at that conclusion.

[palwing32] 05/11/2024 16:29

Fingers crossed?

[disc0dave46] 05/11/2024 16:18

Polls are saying US election is tied at the moment. Does the increase here suggest MrT is an ear in front?.

[bracke] 29/10/2024 18:36

High volume today.

[fenners66] 29/10/2024 16:23

Yes their results were not good.
Expanding sites and gaining turnover but losing % everywhere else , the most being a nearly 50 % fall in used sales -$27m

They say the outlook for 2025 is improving - just don't want them canibalising business from AHT

[bracke] 29/10/2024 14:50

The AHT share price fall probably due to HEES 3rd Qtr Results.

HEES DAILY

[bracke] 29/10/2024 12:39

Good day fenners

EDIT

I thought you were posting about HEES but now realise it was about AHT


In post 63232 I posted:

"It is close to a possible resistance zone at 56.54 so a retrace is a probability."
================================================================================

And the share price was resisted. If you look to the far left on the chart below you will see that area has been a s/r zone previously. In addition it is also the 61.8% Fib base on the April 2024 all time high and the September 2024 low. The RSI is at a high level which also indicates a likely retrace.

The horizontal dashed blue line indicates a gap to be filled.

HEES DAILY

[fenners66] 29/10/2024 12:04

What suddenly sent the price down?

Or is just volatility - it looks worse because a larger pence move is still a small % now?

[bracke] 25/10/2024 10:49

Good day fenners

Yes H&E doing well having broken out of the ascending wedge. The share price has had three up days increasing by 11.3%.

It is close to a possible resistance zone at 56.54 so a retrace is a probability.

H&E DAILY

[fenners66] 24/10/2024 18:12

I see H&E is still going strong though

[bracke] 24/10/2024 14:36

Good day fenners

So far the market reaction is negative but not excessively so. The share price has dropped below the EMA 8 (red squiggly line) and although it pierced the EMA 21 (blue squiggly line) it has pulled back up.

The break of the rising wedge is an ominous negative indicator. This pattern is also now apparent on the S&P500 and the NAS 100.

A close below the EMA 21 would be a strong warning.

URI DAILY

[fenners66] 24/10/2024 12:50

bracke - I read URI's results last night and did not post any snippets on here as I could not make my mind up if they were good or bad.

As far as I read they had not split out any (if there was) newly acquired business - so I was not sure if the headline growth had been bought or not.
Mention of lower margins not a good read across but higher volume is ok.
I noticed the sale of second hand machinery was at lower margin - that suggests falling demand , but URI suggested it was a return to more "normal" values. Did make me wonder if they had declared "exceptional " proceeds last year then ? I guess not and it only works one way !

Overall a bit non-plussed and I await the US market reaction.

[dcarn] 23/10/2024 21:19

Looks like decent 3rd Q results from URI after hours tonight. There was a 5% fall today on anticipation, interesting to see what tomorrow brings.

[fenners66] 23/10/2024 12:21

Bloke on Bloomberg just said the damage done by the Hurricane in North Carolina
is going to take years to fix.
20 miles of I40 (interstate I presume) 80miles of railway line , hundreds of bridges etc.
He suggested $1bn of infrastructure spend
Let alone the pumping that is presumably still needed right now...

[bracke] 21/10/2024 16:02

Today the share price dropped to the major s/r zone where it was supported. A close below this zone brings 5630 back into play.

AHT DAILY

[bracke] 21/10/2024 15:07

Good day fenners

I thought I would have a look at Cavendish from a charting perspective.

Using the low in October 2023 and the high in May 2024 it is a fib conforming chart.The Fib at 61.8% is currently holding which it also did in January and February 2024 although it did break down through that zone in March 2024.

If the current support fails to hold next support is at 8.15. If current support holds and the share price moves up resistance is likely at 10.4 and then 11.5.

CAV DAILY

[fenners66] 21/10/2024 11:42

Disc0

I see (as the market is turning down today granted) that Cavendish are now down about 30% since I commented , questioningly shall we say on their results on the 15th July.

Funny how my views were about diametrically opposed to what we are asked to believe is an "informed" shareholder QP....