Ashtead Share Discussion Threads

[clarky5150] 23/6/2017 11:07

Another red day I see

[clarky5150] 23/6/2017 11:07

Morning all. Why not pop in to my URI thread and breathe some life into it. Great (and predictable) share. It will make you money in the long run.

[fenners66] 23/6/2017 01:31

2F - yes they have restored prod'n not so sure they have expanded on previous highs and of course they have had to recommission rigs but the point Bloomberg were making was that they are using less rigs to do the same as they are now more efficient , not that they are still to recommission another 1000

[bracke] 22/6/2017 17:36

The volume shown on the 3 month chart for to-day is incorrect. It is shown on the LSE as 1.1 million, which is just under average.

[2flatpack] 22/6/2017 17:10

fenners
They are getting more efficient but they are expanding production .
The rig count is up week on week and has been for months.
URI,s big exposure to this market are the fracking pumps and equipment which could not be redeployed .
With production increasing URI's market must be improving not to the same heady levels
but I would assume URI have become more efficient as well.
cheers

[fenners66] 22/6/2017 16:01

On Bloomberg this morning they said that the shale producers in the states had restored output with 1000 less rigs in use. They are getting more efficient and more able to cope with lower oil prices.

However if you are in an oil service company - a la URI there are 1000 less rigs to support...

[bracke] 22/6/2017 13:42

Yesterdays volume was very low at 205,000 and mostly sellers.

Testing the 1550/1560 support zone again. Looking at the 3 month chart it will be see that it has closed below 1550 on one occasion only when it spiked down to 1475.

Another close below 1550 would certainly have my alarm bell ringing.

[ianwwwhite] 22/6/2017 13:00

The headline on the FT e-summary at mid-day is 'oil bear market deepens, languishing below $45 a barrel on
Thurs, Brent Crude was trading at $44.73 a barrel today.'

Interesting to see whether this puts further pressure on URI's price later today.
(down 2.2% -2.29 @ 101.62 yesterdays close).

[ianwwwhite] 22/6/2017 12:50

Good afternoon bracke,

Many thanks for producing the URI/Crude chart, it shows precisely the information that I was interested in.

What does it mean? I leave others to form their own opinions, but it does seem at first glance URI probably
benefited from the Trump bounce in Nov - Mar, whilst crude was relatively stable, but subsequently during
the period Mar -Jun, URI and crude have moved lower in lockstep. The chart 3 month view is particularly
interesting, as is the comparison of AHT and URI in your previous 3 month chart.

Thanks once again, top job!

[ianwwwhite] 21/6/2017 18:30

bracke

I think the answer lies in the price fluctuations of crude oil - can you overlay this onto the chart?

Edit: I've tried to add WTI crude, without success, might have to leave it in the too difficult box!

[bracke] 21/6/2017 18:13

ian

URI is more volatile. It tracks along with AHT and then diverges some distance before coming back on track.

Since March URI has been dropping. AHT also dropped until mid April since when it has generally been moving sideways.

If URI does continue falling it will be interesting to see if AHT continues to plough its own furrow.

[ianwwwhite] 21/6/2017 18:02

Hi bracke,

Great chart, thanks. If you look at the 6 month and 3 month views, there is quite a divergence - I rest my case.

[ianwwwhite] 21/6/2017 14:22

Bracke

Apologies it seems our postings crossed in the ether... I agree

[ianwwwhite] 21/6/2017 14:21

Good afternoon bracke,

I'm a little surprised that a dedicated full focus TA chartist should ever suggest that another company's performance could be relevant to reading the runes for AHT!

Naturally if you were a fundamentalist URI might be considered a bellwether for the sector, but because of URI's greater reliance on 'oil and gas' in their product mix, it seems AHT doesn't always have to follow suit.

For example, around 14th June, URI fell 6.1% due to the decrease in oil prices, AHT didn't.

.

[bracke] 21/6/2017 14:16

You sure? URI is supposedly affected by the oil industry. AHT as far as I am aware isn't.

[clarky5150] 21/6/2017 13:20

erm.. yes it will.

[fenners66] 20/6/2017 20:38

If she's got $1.6bn she doesn't need to use her mouth for ..... words......

In fact from what I've seen I'd rather she didn't.

[discodave4] 20/6/2017 16:27

Think fenners in love, lol :)

[fenners66] 20/6/2017 16:02

She said another gem

"I feel as a business leader if I focus on my business, that's where my focus needs to stay. "

Uses so many words , says so little.....

[clarky5150] 20/6/2017 15:46

hmmm, its resting in a very downward manner...

[bracke] 20/6/2017 14:48

"$1.6bn ok she's gorgeous !"
===========================

I knew you would see things differently. Of course $1.6 billion does help.

US Markets making new highs but AHT is resting on past laurels.