Ashtead Share Discussion Threads

[bracke] 09/11/2017 11:07

Good day fenners

You do a good job on those other threads.

It's interesting to observe those who have bought/trade the shares.

[fenners66] 08/11/2017 20:43

Its ok I have not broken any disclosure rules ! Phew !

Thanks Bracke !

Fighting rampers keeps me away from the television ....

[ianwwwhite] 08/11/2017 16:57

Bracke

Lol!!
.

[ianwwwhite] 08/11/2017 14:16

Hi bracke,

I think you are right, it must have changed in recent years.

My interpretation is the same as yours, I believe 3% is now the baseline for disclosure. We should probably mention this to fenners :-)

[bracke] 08/11/2017 14:05

ian

Thanks for the information.

I know it used to be 5% but I note that the date shown in the handbook is 26/11/2015. I was unaware of the change so you are correct. My apologies for misleading.

Do you read it that below 3% is not reportable?

[ianwwwhite] 08/11/2017 13:50

Hi bracke,

Thanks for your views.

I believe the thresholds for mandatory disclosure are lower as per this excerpt from the FCA rule book
( ):

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% ....... DTR 5-1-2
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

However, I'm happy to be corrected if I have got this wrong!

[bracke] 08/11/2017 12:04

Good day ian

The reduction is relatively small in comparison to their total holding. More to the point is that it takes the holding under 5.00%.

Because they have dropped under 5% they are not obliged to inform the market of any subsequent sales. So they can gradually dispose of shares 'on the quiet' if they so wish.

The market appears to have built in the Trump tax changes but when there is a suggestion that there maybe problems it slows the market. I note that the Democrats won a couple of elections yesterday so that may also slow the market.

There remains the prospect of the annual Santa Rally.

[ianwwwhite] 08/11/2017 11:47

Good morning bracke

I am guessing that the Harris Associates LP ('Harris') reduction is just a 'business as usual' portfolio adjustment.

Wiki says 'Harris manages long-only U.S. equity, international equity, and global equity strategies which are offered through its mutual fund company, the Oakmark Funds, and other types of vehicles'.

However it seems like AHT price has been on a bit of a roller coaster over the last few days, perhaps something else is afoot?

Disclosed shorts remain unchanged at 1.01% since 19th Sept 17

[bracke] 08/11/2017 10:59

Just noticed.

Change of Holding

Harris Associates LP - Decrease 698,540 to 24,613,484 - From 5.07% to 4.93%.

[fenners66] 07/11/2017 00:16

Looks like a new all time high for URI over $148

[bracke] 06/11/2017 17:03

All Time Intraday High - 1983.

[malcolmmm] 06/11/2017 10:01

ianwwwhite, thanks, according to the Telegraph AHT usually does very well at this time of year so I am hopeful.

[ianwwwhite] 06/11/2017 09:31

Malcolmmm,

Welcome

2Q results due 12th December may well set the agenda, and provide scope to confirm or increase the full year outlook.

Good luck!

[malcolmmm] 06/11/2017 08:12

Bought in this morning,the share price usually rises 37% in the next few months, has done for the last ten years

[rochdae] 03/11/2017 19:23

Well done to those who saw the potential here and hung on. You must all have made millions. A lesson indeed.

[bracke] 03/11/2017 18:22

So it seems Disco

All Time Intra Day and Closing High 1977.

One final push required.

[discodave4] 03/11/2017 18:12

Evening bracke.Looks like it has its mojo back!DD

[bracke] 03/11/2017 16:22

Very quiet on this thread. No doubt all waiting for the 'big one'.

Yesterday was interesting. High volume but a tight range.

[bracke] 01/11/2017 14:05

The share price appears to be disregarding the US market rise.

If it has decided it wants to retrace likely support zones are 1911 and 1896.

[bracke] 01/11/2017 11:18

When I opened this thread I expected to see the share price at or very close to 2000.

Why? Because the DOW Futures are up 125 points, over 23500 to an all time intraday high and AHT falls.....ridiculous.

[discodave4] 30/10/2017 19:36

Citigroup Buy target £20

[fenners66] 30/10/2017 14:50

Calatlantic and Lennar US housebuilders in $5.7bn tie up as US housing starts highest in September since 2007.
Analysts believe the uplift in housing starts is still early stage in the cycle and starts were over 1 million annualised , they peaked in about 2005 at over 2 million.