Ashtead Share Discussion Threads

[discodave4] 19/4/2016 09:28

Looking at bit perky this morning - not based on TA or fundamentals, just the fact it's up not down! :)DD

[2flatpack] 18/4/2016 12:44

ali47fish
I am basically a fundamentalist and after resent events I have a health respect for technical analysis.
I find the use of brokers forecasts as an investment argument without any credibility .
Cheers

[ali47fish] 18/4/2016 10:06

too much about technical analysis- the recent broker forecasts seem positive and the current turmoil is maybe in the price already- any comments please!

[discodave4] 17/4/2016 20:14

Never!United Rentals Q1 after hours Wednesday.DD

[bracke] 15/4/2016 18:17

Never satisfied!

[discodave4] 15/4/2016 18:12

Thanks bracke............personally wouldn't call anything downwards, even your 776, as being optimistic :).Have a good one.DD

[brancho] 14/4/2016 19:32

If you're talking tech this is a pennant forming in a downward trend from 1100 ie a consolidation pattern before the next move which I believe will be down as a pennant is part of a continaution pattern, so sold today. Chart tells me to expect a move to 500 but this seems harsh but still believe the direction is down. Will watch to get back in.
B

[bracke] 14/4/2016 17:06

Good day Disco

On the bright side the share price has to-day moved up to the upper line of the symmetrical wedge but (you knew there was going to be a 'but' didn't you) that doesn't mean a lot because the share price is very close to the apex and the distance between the top and bottom lines of the wedge is minimal.

What you are really looking for is a higher high which means a rise and hold above 886 to give some hope that the down trend has ceased.

[discodave4] 13/4/2016 20:37

Thanks bracke! DD

[bracke] 13/4/2016 10:15

To-days rise has taken the share price back to the lower line of the symmetrical wedge but only just. I am not yet convinced that 776 has been avoided.

[oakville] 12/4/2016 20:40

£8.59 fair value.

[bracke] 12/4/2016 12:29

Earnings season starts in the US this week and the forecasts are for reduced earnings. If correct it will put a dampener on the market and the probability of 776 is high.

[1staxs] 12/4/2016 11:34

bracke, I fear you may be right on the downside if the wider market turns.

[ianwwwhite] 12/4/2016 11:32

NAV_Mike

The reason I asked was because of this reported HSBC downgrading on 28th March in the US press:

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Ashtead Group (OTCMKTS:ASHTF) was downgraded by HSBC from an “outperform” rating to a “neutral” rating in a report issued on Monday, StockTargetPrices.com reports. They currently have a $830.00 target price on the stock, up from their previous target price

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Perhaps we are living in parallel worlds!

[bracke] 12/4/2016 10:50

If the price action this morning is a false break there is no problem. If it isn't then look for a test of the last swing low at 776. If 776 fails then a test of the low at 748.

[2flatpack] 12/4/2016 10:08

From I.G,
Investment bank HSBC downgraded its rating on AHT to hold from buy based on findings about the age of its fleet.
Upon a close examination AHT's fleet may not be materially younger than that of its peers,at least on a basis that matters commercially .
.
What the hell doe's that mean?
Sounds pure bull to me.
cheers

[gotnorolex] 12/4/2016 09:53

A number of investment brokers have recently updated their price targets on shares of ASHTEAD GROUP PLC (ASHTF). According to the latest broker reports outstanding on Monday 11th of April, 7 analysts have a rating of “strong buy”, 3 analysts “buy”, 3 analysts “neutral”, 2 analysts “sell” and 1 analysts “strong sell”

[1staxs] 12/4/2016 09:48

USOIL 200DMA has been broken intra-day but lets see where it finishes at the end of today. Potentially a great time to buy here now. I will hold out a few more days before maybe getting back in and ride this one in to results. To offset I have a large position in UK3S as its hard to see OPEC sorting themselves out, earning season is more likely to make the stock markets drop sharply than spike. AAL going north on some mild news but until copper etc starts rebounding I am staying clear of miners too. Miners have a big impact on FTSE as does oil so for now, wanting to get back in to AHT but think markets will fall from here. We will see.... the big question is how AHT will hold up if the markets do fall and we saw on last results and Credit Suisse downgrade how AHT can fall very fast

[nav_mike] 12/4/2016 09:34

I honestly dont know Ian....I was just looking to find any reason for the drop this morning and saw AHT had a 'news' marker on IG.

The article is marked 12/4 @ 7:31am and is just part of a large batch of analyst changes they have highlighted.

You could however be right

[ianwwwhite] 12/4/2016 09:20

NAV_Mike

Re HSBC downgrading, is this the same re-rating by HSBC first reported around 28th March 16 being recycled?

[2flatpack] 12/4/2016 09:03

Just topped up @ 806.5 .
Cheers