Ashtead Share Discussion Threads

[villyvilson] 07/12/2014 20:33

I'm afraid I took a bit of profit last thing Friday. It's incredible to think that my first AHT purchase was 18000 @ 27p, still have most of them!

[bracke] 06/12/2014 18:14

2flat

I wish you well with your trade.

What is interesting is that there appears to have been no profit taking when it reached 1100. It suggests that there is a desire to take it up further.

Is it going to be 'buy the rumor, sell the results'?

[fenners66] 05/12/2014 21:25

A couple of new ID's posting on here today , made me think what a surprise it is that despite the stratospheric growth over the years to make it into the FTSE we are still a cosy little band of followers!

[2flatpack] 05/12/2014 18:19

Bracke
You know I can't sleep if I go short.
Have done very well up to £11 but cannot see it going higher, until after results,So I cash in, hoping for a bounce down to Watford to open a new long bet.
All investments still in place but if goes much higher I may sell some on Wednesday morning.

cheers

[discodave4] 05/12/2014 18:17

All hail the guru.....agree we are not worthy!2flat good luck, bound to be a Bracke gap in the offing for you.DD

[bracke] 05/12/2014 18:12

That's true as well.

[ianwwwhite] 05/12/2014 18:11

bracke

...and so modest too! (lol!)

[lebiche] 05/12/2014 18:06

Need to time any SHORT of AHT with the peak in the business cycle. Dead easy. Not.

[bracke] 05/12/2014 17:56

2flat

YOU'VE WHAT!!!!!!!! GONE SHORT!!!!!!!!


ian

"we are not worthy!"
==================

True.

[ianwwwhite] 05/12/2014 17:15

bracke

Guru or Prophet?

Post 50262 ".....there is a high probability of 1100"

and so it came to pass, 1100 was reached. Much respect bracke, we are not worthy!

[qs99] 05/12/2014 16:35

forward to the 10th.....IMO they will over deliver again....let's see but should be in virtuous part of the economic cycle DYOR etc

[2flatpack] 05/12/2014 16:16

Sold SB at £11 Thank you Who ever.
Doe's anyone expect the share price to go above £11 before results day?
I'm hoping for a bounce off £11 to one of these watfords for a new entry point.
Cheers

[bracke] 05/12/2014 15:25

Disco

There are a few but I thought I would not mention them. I don't want you thinking I'm a one trick pony.

1100 delivered.

What next? If it continues up there is the probability of resistance at 1113 zone.

[discodave4] 04/12/2014 22:30

Thanks bracke.........no gaps!, you feeling ok? lol.GLDD

[discodave4] 04/12/2014 19:56

From yesterday:Http://www.fool.co.uk/investing/2014/12/03/3-shares-primed-for-stratospheric-growth-in-2015-standard-life-plc-crh-plc-and-ashtead-group-plc-2/DD

[bracke] 04/12/2014 13:37

US data today and Non Farm Payroll tomorrow. If it's ok there is a high probability of 1100.

[cockneyrebel] 04/12/2014 10:35

US construction and house building picking up. UK house building an construction firm and more help yesterday in the budget.

Fracking going bonkers in the US and requiring plenty of plant.

You'd have to bet on these being in a sweet spot in the coming year imo.

All imo.

Interims on 10th will be interesting.

CR

[2flatpack] 04/12/2014 10:25

Fenners
I'm afraid I am unable to analyse the accounts to the same degree you are but I will try to follow you.
I can see the headline debt figure will increase, so will all the others figures from the US profit, assets, ect. Will these not make the debt figure irrelevant as the debt in percentage terms will stay the same .
I think the bottom line is, do you think this increase will have any relevance when the results are read . (or any effect on the SP)
Cheers

[fenners66] 04/12/2014 09:21

I looked back at last set of finals. Every 1% move in USD is worth £3m so if it were an annualised fall of 9% it would be worth £27m
Also there is a cumulative FX provision movement through reserves on the BS

[2flatpack] 04/12/2014 08:28

Fenners Disco
Thanks.
As I see it its only a book phenomenon ,the debt will stay at the same percentage.
The importance of the exchange rate is only relevant when you bring the profits home.
Cheers

[discodave4] 04/12/2014 00:09

If interpreting correctly, April 2014 final results:P&L - profit reduced by £41.3m due to foreign currency translation differences.Cash Flow & Reconciliation of Net Debt - Debt reduced by £87.7m due to currency exchange differences.Would assume for the period the $ was weaker (earnings and debt reduced) so as you say, with the $ appreciating v's the £ the reverse should apply - earnings and debt increase. Based on 2014 it was more beneficial to have a stronger £ given the favourable impact to net debt."Where is the increase in debt disclosed?"..... in the reconciliation of net debt included in the cash flow statement (as per previous post 50246 - lol).Am I understanding correctly ?, or should I try mastering TA instead (don't worry Bracke your guru status is not in jeopardy).Perhaps all will be revealed in next weeks Q2.DD

[fenners66] 03/12/2014 22:54

OK guys, lets see if this helps, what I was trying to say was:

The majority of earnings are in US D which has appreciated vs the £ so there is a gain on translation, however the loans are also in US D so the reverse applies and as the dollar strengthens the £ equivalent of debt rises.
Since we report is £ where is the increase in debt disclosed?
I suspect an FX movement directly to reserves in the balance sheet rather than through P&L.
So the FX risk of one element is offset by the other in terms of good/ bad news.

[discodave4] 03/12/2014 21:35

Me neither! lol.DD

[2flatpack] 03/12/2014 20:42

Fenner's
Reverse translation risk ???
Is that English?
Sorry don't understand a word of it.
Cheers

[discodave4] 03/12/2014 18:24

bracke,TA is beyond my capabilities......I thought adding numbers would be easier, but......Fenners,Eh, lost me now!.I'm doomed!......perhaps investing is just not for me, lol.GLDD