Ashtead Share Discussion Threads

[2flatpack] 29/6/2015 09:00

200day SMA = small long.
Cheers

[rescuer] 26/6/2015 11:38

aye you are correct Bracke, so my good lady keeps reminding me.

good to see you still around :-)

glenn

[bracke] 26/6/2015 10:19

Good day rescuer

Nice to read from you again.

You do appear to have a penchant for the weak and sickly when it comes to share selection. Doing good works is one thing but you need to remember that charity begins at home.

[lairddavid] 22/6/2015 14:10

Thanks Bracke...fairly confident it will reach the highs again, but also fairly confident the gaps will be filled....just a matter of guessing which will come first.

[bracke] 22/6/2015 13:06

Good day LAIRD

This was my post 50764. So what's changed

In purely chart terms the share price is at a very interesting juncture.

1 Supported at the Daily SMA 200.
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Support held and share price has risen.

2 Has dropped to the Median Line.
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Has risen from the Median Line.

3 From the high on 28 May to yesterdays low it has fallen 149.
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149 was the final fall.

4 The last two previous high to low swings were 202 and 171.
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So the third swing high to low was 149.

5 The last swing low was down to 1044.
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This was not challenged.

Under 'normal' circumstances I would be thinking of a buy with a 100 + target. Unfortunately the Greek situation puts a blot on the chart. I and I suspect no one else knows how the market will react when the result is known. I am fully aware that the market reacts to news in unexpected ways.
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As I type the market is 'positive' about a Greek settlement but we know how quickly that could change.

A buy now appears to be a reasonable move but it is possible that the share price may drop further before rising."
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A buy was the move to make.


IF there is a Greek settlement, even if it is only a 'fudge', the market will very probably react positively. It would be surprising if the share price did not test 1230 again.

IF there is no Greek settlement then a drop back to the Daily SMA 200 is highly probable and also 1044 likely to be tested.

[lairddavid] 22/6/2015 12:43

Wait till a third one appears and you will be forgiven for straying.... What are your current thoughts on the share price direction?

[bracke] 22/6/2015 10:28

I trust you have all noticed that I have not mentioned 'gaps'. The Therapy appears to be working.

[broadwood] 22/6/2015 07:27

JCB has won one of its biggest single orders ever after securing a deal worth over £50m from hire firm A-Plant, part of FTSE 100 firm Ashtead Group. A-Plant is buying more than 1,550 JCB machines, taking the total number of machines it has bought from JCB over the last 25 years to over 10,000

[dealer1972] 19/6/2015 09:31

Nice bounce off the 200 day SMA but left a nasty gap at £11.00 for a potential revisit.

[lairddavid] 18/6/2015 15:28

Strange why we drop on a slow month at URI, yet when URI increase 2% yesterday and 2% today...we still manage to fall.

[bracke] 18/6/2015 13:29

Ankela can 'Chinny' all she wants but we got no money.

Regards

brackedopoulos

[dealer1972] 18/6/2015 13:09

Don't forget as well that Greece could simply state they won't be paying the billions owing and bagsey this whilst appending with a 'no returners' policy! as they say they have no money!Merkel may counter with a 'Chinny Belmer' however!

[bracke] 18/6/2015 12:59

Given that the EU does like its fudges there is still room for a couple namely:

1 Avoidance of using the 'D' (default) word.

2 Allow Greece to keep the Euro.

3 If not allowed to keep Euro allow Greece to remain in the EU.

I suspect this affair is far from over.

[dealer1972] 18/6/2015 10:27

Latest review indicates an 81% chance of default by Greece. I'd say now it's over 80% it's pretty inevitable. Only so many times you can kick a can down the road!Estimate of at least a 10% drop in equities as a result. Will probably be short lived as Greece does only represent about 2% of European GDP but then markets do tend to overreact with these things. With QE in process, situation is a lot better now than if this happened a few years ago so yep I see a very good buying opportunity here soon. Of course the opposite may happen and a deal may be struck today..... Wow think I just saw a piece of bacon fly past my window!

[bracke] 18/6/2015 10:07

The share price is still clinging to the Daily SMA 200.

I suspect that a failure to agree the Greek situation will at least spike the market down (the opportunity would be too good to miss) and take the share price below the Daily SMA 200. If it does as I suspect it could prove an excellent buying opportunity.

[macarre] 17/6/2015 22:37

Interesting read / video. Market strategist believe the Greek situation will not have a major influence on markets going forward.

[fenners66] 17/6/2015 14:52

What did I say about diversification and Berkeley yesterday?
Well their results +42% and share price up 8%. If only.

[bracke] 17/6/2015 12:09

In purely chart terms the share price is at a very interesting juncture.

1 Supported at the Daily SMA 200.

2 Has dropped to the Median Line.

3 From the high on 28 May to yesterdays low it has fallen 149.

4 The last two previous high to low swings were 202 and 171.

5 The last swing low was down to 1044.

Under 'normal' circumstances I would be thinking of a buy with a 100 + target. Unfortunately the Greek situation puts a blot on the chart. I and I suspect no one else knows how the market will react when the result is known. I am fully aware that the market reacts to news in unexpected ways.

A buy now appears to be a reasonable move but it is possible that the share price may drop further before rising.

[macarre] 16/6/2015 22:06

I'm averse to the idea of 'averaging down', but in AHT case I'm quite tempted to make an exception if share price hits 1045p.
I suspect today's drop has to do with investors exercising caution ahead of BoE minutes and US FOMC Interest Rate tomorrow. Any thoughts on this?

[fenners66] 16/6/2015 21:26

"Our same-store growth of 16% is double that of the rental market as we continue to take market share." - Sunbelt

Repeated because it directly reflects the URI situation

[ianwwwhite] 16/6/2015 20:59

I get the impression that URI's reliance on the oil and gas rental market, (which has collapsed), was the differentiating factor in relative performance with AHT, if you listen to the podcast of the URI briefing.

The URI read over to AHT therefore appears flawed, and this stunning set of results leaves AHT poised for a further climb up to to greater heights, barring other external influences.

Onwards and upwards therefore in my view, but DYOR 😊

[james97] 16/6/2015 15:19

URI has a soft month in May so the market thinks Sunbelt may have had a poor May too so the share price goes down. AHT confirms Sunbelt did not have a weak May and then the share price goes down some more??
Anyway great results, price should reflect them eventually.