Ashtead Share Discussion Threads

[optomistic] 04/12/2017 16:29

Thanks for that info Bracke, it looks like I will have to do the same, I have a friend who does this work for me but unfortunately he has been most unwell lately so I will have to shelve it for a while.

Good to see AHT doing well for the lucky holders, my impatience has cost me a lot of money selling out too soon. Hoping for a good pick up from BP...but nowhere near as much as AHT would have been. Fingers crossed :-)

[bracke] 04/12/2017 11:05

The share price made short work of 1940 this morning and a chunky gap in the process.

[bracke] 04/12/2017 11:03

Good day optomistic

I'm currently using my laptop whilst the desktop is being sorted. Received a 'phone call from the computer man this morning to say he was unable to install updates and would have to totally remove Windows 10 and then install the latest version.

The problem is that the Windows 10 updates are installed automatically i.e. you are not asked if you want them, it just does it. If it is unable to install it tries the next day and the next day ad infinitum!!!

Microsoft know about the problem but because it only affects some users they have not bothered to do anything about it!!!!!!

[fenners66] 04/12/2017 08:32

Ouch Microsoft !

As for the reaction to tax - nice - but can we hold off until April 6th please?

[optomistic] 02/12/2017 23:55

Good evening bracke...Windows 10 update has made my laptop practically useless. Just use my tower now until I decide to have another go at the laptop, was taking too much of my time so gave up with it.
...and my tablet but no more updates for 10!

[bracke] 02/12/2017 15:49

Computer problems i.e. Windows 10 updates have taken my attention over the last few days. In the meantime 1940 still resisting and heavy volume. As usual never a dull moment on the Trunp Front.

[ianwwwhite] 02/12/2017 10:32

Thanks mjcf, good spot.

Looks like we now have two contrasting influences at present:

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
'US stocks had a bumpy ride yesterday, dropping almost 300 points from a record high after it emerged that Donald Trump's former national security adviser was prepared to testify against a "very senior" member of the president's team in a Russia probe.

The Dow Jones Industrial Average tanked as much as 1.3pc, or 292 points, on the news, before recovering to 24,231.59, down 0.17pc, in late trade. The S&P 500 gave up 5 points, or 0.2pc, and the Nasdaq dropped 26 points, or 0.4pc.'

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

Hopefully the US corporate tax news will win out over the prospect of another presidential impeachment..

I notice AHT volume was very high yesterday at just under 3 million shares traded.

[mjcferguson] 02/12/2017 08:02

Passing of US plans to reduce the corporate tax rate should be a significant benefit to Ashtead.

[fenners66] 30/11/2017 20:58

URI up to over $160

[fenners66] 29/11/2017 15:02

US pending new home sales up 3.5% month on month

That is supposed to be good

[fenners66] 29/11/2017 14:34

The latest US growth data means that the economy posted its best performance in three years in the third quarter.

The revised figure showed growth remains resilient despite back-to-back hurricanes in late summer that barely left a scratch on the world's largest economy.

GDP growth in the July-September quarter was revised up to 3.3%, three tenths of a point higher than the initial estimate and the strongest performance since the third quarter of 2014.

The result means growth has surpassed the White House's 3% target for the second quarter in a row, after expanding 3.1% in the April-June period.


I'm guessing thats why we took off

[fenners66] 29/11/2017 13:02

Yep
£ down share price rises
£ up share price falls

[bracke] 29/11/2017 11:16

Good day deadcat

No problem I've done the same myself. fenners was also on a high. That forecast was a 20% increase on the current price.

Posting about current price....surprised to see the price action this morning given the rise in the US markets yesterday. The share price still wants to test 1940.

EDIT

Just noticed £/$ has risen following Euro 50 billion to the EU which likely accounts for the fall.

[deadcatbounce] 28/11/2017 19:03

bracke, apologies re link didn't notice think I was too excited (wishful thinking really as don't trust brokers comments).

[bracke] 28/11/2017 18:03

Steady on fenners! You know too much excitement isn't good for you.

Now take your medication and have a lie down.

[fenners66] 28/11/2017 17:43

2400 !
COR !
I will take that - after 6th April 2018, 2019,2020,2021, etc,

[bracke] 28/11/2017 17:38

deadcat

Thanks for link but when it shows as http edit the h to H.

[deadcatbounce] 28/11/2017 17:29

Just noticed this broker comment.
hxxp://www.stockmarketwire.com/article/5759429/Broker-Forecast-JP-Morgan-Cazenove-issues-a-broker-note-on-Ashtead-Group-PLC.html

[bracke] 28/11/2017 17:08

Volume 2.27 million to push the share price above resistance.

[ianwwwhite] 28/11/2017 17:06

Well done Ashtead closed +45p, 1949p up 2.4% .......

.. didn't see that coming!

[bracke] 28/11/2017 14:54

It's tried again and broken above resistance.

This looks more promising but it may still want to retrace and test 1940.

[ianwwwhite] 28/11/2017 12:34

Bracke

Lol!

'Buy the rumour'? I wonder whether in this particular case the expectation of stunningly good results is already in the price following publication of URIs last results.

In the circumstance in my view the greater risk is of AHT falling short of expectations, so continuing to hold and watch from the sidelines is still my preferred strategy till we hear the trumpets!

[bracke] 28/11/2017 12:03

ian

Elite Gurus like to present hindsight as foresight. It wouldn't do if the proletariat thought that we were fallible.

One would expect at some point 'buy the rumour' will come to pass. As to taking a position logic says it has to be a long position but I prefer to base my trades on chart analysis rather than result expectations. Each to their own.

[ianwwwhite] 28/11/2017 11:13

Hi bracke,

Apologies, when I typed 'hindsight' I meant 'foresight' which of course I know you Elite Gurus possess in abundance....

....I am blaming the spellchecker!

Thanks for your explanation though, I imagine we can expect more such 'Duke of York' manoeuvres in the coming fortnight and a shakeout following the actual Q2 results.

Must be tempting for traders such as yourself to take a position?

[bracke] 28/11/2017 10:42

Good day ian


"Hindsight is a wonderful thing! :-)"
====================================

Too true. Us Elite Gurus use it all the time.

But in defence of my exalted status........ looking at the hourly chart above the spike from 1930 to 1950 to break above resistance at 1940 was very likely to result in a test of 1940. There being no news to help continue the rise plus the propensity of the share price to indulge in such early morning antics followed by a retrace gave a fair probability that the rise would not hold on this attempt.

This does not mean that it will not try again especially as results are due on 12 December.