Ashtead Share Discussion Threads

[2flatpack] 11/2/2016 08:43

Back to the old act of catching falling knives.
Doubled my bet at 750.
Will I ever learn.
Cheers

[clarky5150] 11/2/2016 08:25

I don't know about ftse100, we will be aim by March at this rate.

[herewegouk] 11/2/2016 08:25

Down 5% on 316 thousands transactions this morning.

[clarky5150] 11/2/2016 08:22

And this mornings fall is on very little volume and a big gap down on opening. Not really giving us little guys much chance at the mo.

[discodave4] 11/2/2016 08:21

Dealer,As far as I'm aware you can stop your shares from being loaned out for shorting by not having them in a nominee account, certificated shares cannot be used for shorting.DD

[herewegouk] 11/2/2016 08:21

This is getting a bit silly now.

[clarky5150] 11/2/2016 08:20

Well at this rate we will be bankrupt within the month. Not how I was for seeing the new year I must admit.

[kooba] 11/2/2016 08:13

3rd q results on 3rd March last year so not long to wait.Starting to pick some up here...rather oversold and everything from company has been upbeat.

[az209] 11/2/2016 08:07

I know it probably sounds ridiculous but it wouldn't surprise me if this fall was engineered for a bid.

[dealer1972] 11/2/2016 07:35

Unfortunately it seems when hedge funds announce which companies they are shorting, the sheep follow and the short selling is even more prolific.I have no issue with pi's spread bet shorting however I don't believe it's right for hedger funds to 'borrow' my shares I have bought and paid for to then sell them and put me at a paper loss until they decide to buy back. It would be nice to be given the option to not allow my shares to be loaned out at the time of going long. Just my view I think is shared by a few others ;)

[source] 10/2/2016 20:19

:) Thanks Clarky & Ian for the article about shorts

Rang the company and they were also perplexed why they've seeming attracted more of the fall than general (down apprx -25% this year now!). Noted short interest but had no idea why they had been particularly targetted...Mentioned their US "competitors" news but as we know Ashstead have been handily beating them for years so this seems a lazy comparison...Said they stood by the 9th Dec statement & no comms to the contrary have been made. Seems fundamentals are still sound here then.

Seems general market jitters and shorting are the culprets here...Hope their next staement scorches a few after this levels of sell down on what seems like lazy guesswork.

Regards,
Source.

[ianwwwhite] 10/2/2016 17:10

2flatpack

I've been out all afternoon, so just seen your earlier posts re 'shorts' - thanks.

Will be interesting to watch how this develops given today's fall.

[clarky5150] 10/2/2016 16:39

Source, Ashtead grew 24fold since the crash. The wider market hasn't. When the market sneezes we catch a cold. Not flu tho so no worries

[source] 10/2/2016 16:31

Thanks Topicel - but today is yet another day when Ashtead is doing a lot worse than the general market while other companies (many of which have bounced healthily)...

Agree this could be value entry point here given the high divergence in its fundamentals and shareprice, but the relative difference is disconcerting.

Regards,
Source.

[2flatpack] 10/2/2016 16:21

In 100 % plus a small bet.
Cannot believe this price 800.
Going to hide my head under the covers until March.
I agree with clarky when it turns it will go quickly.
Cheers

[bracke] 10/2/2016 15:55

Good day Source

First support zone is 800. If that fails the next is the Weekly SMA 200 currently at 759.

When it comes to buying it's each to his own but you want evidence that the fall is complete. If the share price establishes a base ie. goes sideways it MAY indicate the fall is over. Better is a higher high followed by a higher low.

I doubt that there is a fundamental problem with AHT. The fall is widespread resulting from concern at various global events.

[clarky5150] 10/2/2016 15:46

It's how far the shooters can push down until buying pressure forces them to close that's the problem. I am surprised to see us 3% down on a blue day. I think when it does go North it will do quite quickly. I'm also hoping we don't see another bad red day this week or who knows where we might settle.

[topicel] 10/2/2016 15:44

Source, as I opined yesterday, the company has said nothing to contradict the guidance given in the last quarterly update. Hence, without question, nothing material has changed and you should have no fears on that score.

Macro picture, Yellen's rather dovish comments today etc. notwithstanding, would seem to be the problem here, as elsewhere. A good update on 1st March should see this rebound significantly as they are still paying a dividend whereas many others are cutting. I would not be surprised if Ashtead increase theirs!

So, IMHO, no need to reach for the sauce, source!

Topicel

[source] 10/2/2016 14:59

Maybe due another of your poems Bracke! It seems to be reaching close to its 200 day weekly SMA as you predicted as worst case!

Wow...Is it time to buy now? :)

Just hope nothing fundamental is actually wrong & I am not overly relying on their recent very positive trading statements.

Regards,
Source.

[2flatpack] 10/2/2016 11:03

Ian
Checked on the FCA site .
The current 5.26% is correct.
To check the Jan, figure would take a lot of work .
Cheers

[2flatpack] 10/2/2016 10:35

ian
Total disclosed shorts01.01.16 3.24 %
It began to rise 14.01.16.
cheers

[ianwwwhite] 10/2/2016 10:07

DiscoDave4

Fair comment, the maths does appear wrong. Nevertheless, the determined plunge in price does give the feeling that it has been accentuated by aggressive shorting.

2flatpack, do you by any chance have the information from short tracker to determine the percentage increase/decrease in shorts and volume since the beginning of the year?

It looks like the total percentage shorts have risen from 3.24% at the beginning of January 16 to 5.26% if the graph on Short Tracker is correct?

[discodave4] 10/2/2016 09:32

IanRead that earlier but didn't seem correct, £43m is only about 1% (based on market cap) whereas shorts are about 5% (as per 2flats earlier post).DD

[discodave4] 10/2/2016 09:23

Thought a 1% change in the exchange rate £/$ was worth £5m extra profit.Exchange rate has gone in our favour, from $1.53 (from memory) to $1.45, so about 5% = +£25m extra annualised profit.DD

[source] 10/2/2016 09:16

Yes saw that with Arm - with such a high PE its always been quite volatile. Not quick enough to ride the lurching there!

Back to Ashstead though (& Bovis) - Reality check = FTSE is now at the same level as it was back in 2010!

-- The Economy(s) is certainly not as bad as it was back then...

Regards,
Source.