Ashtead Share Discussion Threads

[broadwood] 09/3/2016 10:59

The market always takes notice of downgrades and reduced TP's - and vice versa.

Its always eager for opinions in between results announcements. Just another thing to trade upon.

In this case such a massive reduction in the TP suggests they are doing this to lower the price for their own advantage.

[2flatpack] 09/3/2016 10:16

That was a good old fashion TREE SHAKE.
With the aid of an accommodating Annalists update.
Is this the same guy Karl Green who was at the conference call.
His question was about tax planing so he didn't seem to have any great doubts then.
Now back to the begging bowl.
cheers

[1staxs] 09/3/2016 09:59

Credit Suisse calling the rapid economic collapse of the US? Highly doubt it so 770 seems a strange target.
They have splashed the cash for now on their fleet and hence dont need to plan for as much Capital exp in 2017. double digit growth for the next 2 years forecast and lessons learnt from last eco down turn and better positioned.

[ali47fish] 09/3/2016 09:42

everybody is talking about brokers- but does anyone knows why the substantial pullback?

[jas0701] 09/3/2016 09:41

Another opportunity to top up

[discodave4] 09/3/2016 09:36

kilgallpYep, 11 buy and 1 Sell = 12 :).......and 3 hold = 15 in totalThanksDD

[discodave4] 09/3/2016 09:33

mammy - Don't think so. mm's marked this down over 4% at open, beIng shorted.Two days ago Exane issued a revised target price which was about 9% less than their last forecast in Dec.The lunatics CS, over the same period have reduced their target by over 40% and they are 36% lower than the average from 15 analysts.............at 770 they must think that earnings are going to more than halve...........odds are they are completely WRONG!.Ps Major shareholder in Credit Suisse.............Blackrock!.DD

[kilgallp] 09/3/2016 09:24

DD

11 rate it “Buy”,
1 Sell
while 3 “Hold”.

Out of 12 analysts??

[gotnorolex] 09/3/2016 09:20

Over the last twelve months Ashtead Group PLC’s stock price has decreased by -20.24% from 1080.09 to 861.5 .There are currently 501,425,000 shares in issue with a current share value of 861.5 giving Ashtead Group PLC a market capitalisation of 4.32B GBp .
Ashtead Group PLC (LON:AHT) has a 50 day moving average of 883.14 and a 200 day moving average of 982.16. The 52 week high for the share price is 1231 while the 52 week low for the stock is 749.Ashtead Group plc is a United Kingdom-based equipment rental company with networks in the United States and the United Kingdom. The Company operates through two business units: Sunbelt, which provides pump and power, climate control and scaffolding service, and A-Plant business, which operates through Eve Trakway Limited (Eve), which constructs temporary roadways and barriers; PSS, which offers trenchless technology and fusion services, and FLG (lifting) services. Both the units are also engaged in general equipment and related businesses. The Company rents a range of construction and industrial equipment across a range of applications. Its equipment can be used to lift, power, generate, move, dig, compact, drill, support, scrub, pump, direct, heat and ventilate. Its subsidiaries include Ashtead Holdings PLC, Sunbelt Rentals, Inc., Sunbelt Rentals Industrial Services LLC, Ashtead Plant Hire Company Limited, Ashtead Capital, Inc. and Ashtead Financing Limited.

[mammyoko] 09/3/2016 08:54

market thinks CS knows what it's talking about

[discodave4] 09/3/2016 08:51

Thanks Broadwood.Out of 12 analysts covering Ashtead Group PLC (LON:AHT), 11 rate it "Buy", 1 "Sell", while 3 "Hold". This means 73% are positive. GBX 1500 is the highest target while GBX 880 is the lowest. The GBX 1204.17 average target is 48.65% above today's (GBX 861.44) stock price.As you say, credit Suisse are lunatics.....Consensus is 1204.Source - There is nothing wrong, read the conference call transcript.DD

[source] 09/3/2016 08:40

Acting like somethings fundamentally wrong in Ashstead but nothing is visible at the moment I can see....With broker shareprice targets down to £7.70 is also likely to drive the price down too. Regards,Source.

[discodave4] 09/3/2016 08:22

Have AHT been demoted to AIM and nobody told us?.......unbelievable!.DD

[broadwood] 09/3/2016 08:22

Cr Suisse downgrades and reduces TP from 1300 to 770.

Lunatics.

[2flatpack] 09/3/2016 08:21

These people play hard ball.
Shorting down .
Share price down.
.
Blue Ridge Capital, L.L.C 1.23% ↑ 0.09% 2016-02-10
CPMG, Inc 1.42% ↑ 0.04% 2016-01-28
ODEY ASSET MANAGEMENT LLP 0.76% ↓ -0.10% 2016-03-01
Total 3.41%
.
Cheers

[herewegouk] 09/3/2016 08:17

What now ? This is crazy.

[discodave4] 08/3/2016 18:37

Bracke,Homer Simpson is always borrowing money, wouldn't call him little either!.DD

[bracke] 08/3/2016 17:07

Disco

"0.25% @ £8.50 or so!"
=====================

Mere bagatelle..........relatively.


Jas

It's the naughty little yellow people (am I allowed to say that) they aren't spending enough. They could do with lessons from us Brits, we know how to borrow and spend!

[discodave4] 08/3/2016 16:31

Yanks!Bracke - good day. Wouldn't say no to 0.25% @ £8.50 or so!.DD

[jas0701] 08/3/2016 15:59

What's going on with this one. Can somebody explain?

[discodave4] 08/3/2016 13:53

Blackrock have reduced their shares on loan by about 300k, increased their CFD by nearly 1.5million and their total voting rights has increased from nearly 31.5 million to 32.8 million (an increase of 0.25% from the holdings RNS 29th Jan).DD

[bracke] 08/3/2016 13:42

2flat

I can't see any evidence that BlackRock are increasing their holding.

[2flatpack] 08/3/2016 13:29

bracke
I agree .
Looking at this mornings RNS I believe Blackrocks are building a position and they are well known to short whilst building.
I suppose when you've shorted from 1000 to 1100 and there is no sign of upward pressure you can take your time and don't forget the money they hold from the selling may be involved in other projects.If you check on Short Interest Tracker it lists the disclosed shorting these Hedge Funds are involved with but its the undisclosed shorter that are probable in control.
Cheers

[bracke] 08/3/2016 11:32

2flat

It does cause one to ponder why the shorters did not take full advantage of the large fall following the results. Surely any 'normal' trader would have covered the short and taken the profit. It just leads me to think that another 'game' is being played.