Ashtead Share Discussion Threads

[broadwood] 16/9/2015 14:05

Certainly have to disagree there.

I hold about 50 stocks which I review regularly - so definitely I'm not unaware of the share price and price action in any of them. If they don't measure up for any reason, they go.

[bracke] 16/9/2015 13:28

The share price and price action.

[broadwood] 16/9/2015 13:08

You lost me there.

[bracke] 16/9/2015 13:04

I would not presume to advise you. I would simply say that the nearer you can get to the 'coalface' the better.

[broadwood] 16/9/2015 13:00

'but some methods of assessment are better than others'.

Such as?

[bracke] 16/9/2015 10:51

Good day broadwood

Having an exit plan i.e. change in fundamentals is better than nothing but will it inform in sufficient time.

There are no guarantees in buying and selling shares as you well know. We assess and act or not but some methods of assessment are better than others.


The share price remains within the range.

[broadwood] 16/9/2015 08:08

bracke - I would only sell if the company fundamentals change - which they show no sign of doing.

Admittedly China is a threat to world economies as is Fed tightening. But what's the guarantee of buying back cheaper?

[discodave4] 15/9/2015 19:11

"considerably less"Wash your mouth out!, haha. Or get caught out as AHT tends to do its own thing and buy at considerably more!.DD

[bracke] 15/9/2015 17:44

broadwood

"'m not unduly concerned with the short term view. I bought these for the second time in 2011 at 201p and held ever since. Whilst management continue to perform as they do I see no point in not staying with them."
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Fair comment but there is more than a little intraday price action occurring.

The reasons for the share price fall are largely out of AHT control. The current major aspect is China.

If you could sell now and buyback later at considerably less would that not be worth considering?

[broadwood] 15/9/2015 17:00

broadwood

'The price action is typical of AHT. It tends to do things 'differently'.


The share price is having a problem breaking up beyond the last minor high but at least it has held above 1000 so far'

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Each to his own but I'm not unduly concerned with the short term view. I bought these for the second time in 2011 at 201p and held ever since. Whilst management continue to perform as they do I see no point in not staying with them.

Gems like this come along only rarely.

Best.

[2flatpack] 15/9/2015 11:15

Bracke
thanks .
Correction to my last post. My prayer mat is not lost but worn out.
May well look for a bounce.
Cheers

[bracke] 15/9/2015 10:55

Good day 2flat

The share price price action is operating within the range 1022 - 974.

It's getting close to the bottom of the range so it would depend on how many points you were looking for. If it does continue past 974 the first support is 960. If that fails then 895.

[2flatpack] 14/9/2015 18:48

Bracke
Is it worth shorting then? as I have lost my prayer mat.
Cheers

[bracke] 14/9/2015 17:12

I trust all you s/holders will be down on your knees to night praying for the share price to 'klingon' to 1000.

[terrys trousers] 14/9/2015 09:52

too much weighting put on oil stocks imho. think they will suprise on EPS on next update.

[bracke] 11/9/2015 12:52

Dealer

Yes you are correct there is another gap from 20/21 July at 1068.


broadwood

The price action is typical of AHT. It tends to do things 'differently'.


The share price is having a problem breaking up beyond the last minor high but at least it has held above 1000 so far.

[broadwood] 10/9/2015 16:38

The puzzling question is why has the share price taken so long to respond those excellent results.

Market only now waking up it seems.

[dealer1972] 10/9/2015 15:50

There is a small gap to fill above 1043p I believe up to 1067p ish from memory!

[discodave4] 10/9/2015 12:46

Thanks bracke.Wall Street journal implies that the FED are not likely to increase interest rates as planned this month.Out of hours DJI up slightly as is URI.DD

[bracke] 10/9/2015 12:13

Good day Topicel

A typical AHT move. The market is down and the share price lifts off. Why? Either shorts covering and/or buying. As far as I am aware there were not a lot of shorts open that when covered would have caused such a rise, so I tend to go for buying as the reason for the rise.

What next?

1 On 03 September it reached 1022.5 before it retraced. It needs to push on beyond 1022.5 to show intent and deliver a higher high. If it is unable to move above 1022.5 it has to hold above 1000 and try again.

2 The most likely target is to fill the gap up to 1043. If it reaches that level I would then expect a retrace.

3 After 1043 the target is the Daily SMA 200 which is currently at 1088 and is likely to give considerable resistance.

[topicel] 10/9/2015 08:40

£10 reached, so what do the tea leaves suggest the direction is now Bracky?

It took a few days longer than I anticipated but I'll stick with this solid management at least until £11...

Topicel

[bracke] 09/9/2015 11:07

Good day Disco

Typical AHT. Ploughs its own furrow.

If the market is about supply and demand one is led to the conclusion that there is not much demand for AHT.

The recent good results and anticipated stimulus by China are not cutting much ice with the share price

Until a major buyer of the shares appears it is not going to do very much. On the other hand it may be a cunning ploy to gradually accumulate the shares at a lower price before launching them up.

[discodave4] 08/9/2015 18:05

"If the US 'takes off' this afternoon on the back of China data it may be sufficient to push the share price over 1000."It has and AHT didn't, you know it's never predictable, like a woman (no offence to any ladies looking in!).DD

[fenners66] 08/9/2015 17:35

H&e uri motoring

[bracke] 08/9/2015 17:13

The share price was somewhat of a 'damp sqib' today but look on the bright side, it filled the gap from Friday to Monday.

Now what about those two large ones....... up or down?

Please rescuer no smutty innuendo from you. It lowers the whole tone of the thread and upsets some of the 'natives'.