Ashtead Share Discussion Threads

[bracke] 02/5/2018 15:23

"Congratulations on your profitable trade!"
============================================

Thank you. Makes a change for me with AHT.

BTW I thought of it as a buy and hold rather than a trade. After all I actually bought shares and held them for two whole months.

[ianwwwhite] 02/5/2018 13:56

Hi bracke,

Can't fault your thinking, 'a bird in the hand' etc

Congratulations on your profitable trade!

.

[bracke] 02/5/2018 13:13

Good day ian

Yes I can't deny it I was hoping to bury my share sale under a myriad of TA.

"premature evacuation! :-)"
===========================

LOL!!!!

Timing a sell is never an easy matter. Sometimes it's the correct decision and sometimes it isn't. I sold because the rise today was a good one and the TA is not indicating probability one way or the other so it was sell, grabit and run.

Not 'dark side'.......yet. I am neutral until it decides where it will go.

[ianwwwhite] 02/5/2018 12:25

Tut tut bracke,

We see what you did there. As we struggled to understand the complexities of Schiff and corrective forks, you slipped in a mention of your AHT sale as our attention wandered, and by implication your return to 'the dark side'.

Let's hope it's not an example of premature evacuation! :-)

[bracke] 02/5/2018 11:30

Good day Disco

A good size up candle today with an opening gap.

You will see on the chart below that the share price is so far held at the ML of the Schiff PF as it was on Monday. If it breaks above the ML the aim will be to close the gap up to 2103. There is then the dashed magenta line which has been strong resistance on three previous occasions.

At the risk of boring non charters I should point out that the Schiff PF is a corrective fork within the black down fork and remains so until it makes a positive break above the black UP.

I sold my AHT shares today

AHT DAILY

.

[aplant1] 02/5/2018 10:16

I read somewhere that Mr Drabble reads these boards. If indeed you do Geoff can I ask that you look at the UK incentive scheme for sales people as the current scheme is a waste of time and geared to pay out operationally to managers while penalizing the sales team. Managers are unaproachable regardi g the subject. Good people have left the business due to the scheme reducing instead of enhancing earning potential.

[ianwwwhite] 02/5/2018 09:35

Good morning DD,

Nice to see that we have set off at a brisk gallop this morning, currently +44p @ 2072p

Latterly we seem to rise each morning and fade each day before the close, come on AHT, one last push!

[discodave4] 02/5/2018 09:33

bracke Any TA views on likely breakout?.....or not as the case may be.Ian - also been looking at the comparative percentage change charts and it just looks to me that URI and HEE have possibly just got ahead of themselves (possibly trump effect) with AHT lagging slightly as it's normally ahead of both (3 year chart).So long as this goes up not too bothered about £/$ chart comparisons, no offence chaps :).DD

[bracke] 01/5/2018 17:58

Apologies I got the £?$ affect wrong.

With the £ falling as much as it has against the $ AHT should be 'flying'.

I have compared AHT and GBP/USD on the same chart (unable to post it) and they do not appear to correlate much.

[fenners66] 01/5/2018 17:04

With the £ falling we should expect - all things being equal - the share price to rise as earnings translate into more £'s

The reason why AHT in $ may be interesting is that obviously as mostly US$ earnings there must be some US shareholders influencing the price as well.

[bracke] 01/5/2018 16:48

Good day fenners

Given that the £:$ is a variable it would mean converting the AHT daily closing price from £ to $. I can't find a chart showing AHT in $.

To-days closing price of 2032 is $14.93 but does that really help.

The current rise of the $ against the £ is likely the reason for the inability of the share price to break up into new ground.

[fenners66] 01/5/2018 15:49

I get your point about the % change Bracke and it is merely curiosity but if the value of sterling changes against the US$ as it has then the graph in US $ could look entirely different

For example AHT is £ goes up 10% so on your chart it rises - but if at the same time the £ falls 20% vs the US$ then the $ chart would fall.

So curiosity says to me what does it look like in US$?

[bracke] 01/5/2018 15:24

"we are in complete agreement!"
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A momentary aberration. Nothing to become worried about.

[ianwwwhite] 01/5/2018 14:48

duplicate post removed

[ianwwwhite] 01/5/2018 14:48

Good work bracke, disconcerting those it seems, we are in complete agreement!

I have found it useful to change the graph lower indicator to '% compare' (from the lower indicator 1 drop down menu) and so we get the percentage changes for URI and H+E shown against a 'straight line' AHT.

As for why the divergence/convergence, it will have to remain a mystery for the time being....

[ianwwwhite] 01/5/2018 13:47

Hi fenners

You are correct, but my chart is based on percentage change in price, irrespective of currency and on that basis my own view is that the comparison is still valid.

What do you think?

Edit: I can't find a US dollar quote for AHT, is there one?

[fenners66] 01/5/2018 12:34

Are those charts in different currencies - I assume they are?
What if the AHT was quoted in US$ ?

[bracke] 01/5/2018 11:54

Good day ian

Yes I also noted that HEES and URI were similar with AHT the outlier but as you post HEES and URI appear to be dropping back to converge with AHT. As to why....the only thing I can think of is that HEES and URI are quoted on the US market and AHT is on the UK market. I know that is not a good logical reason but the markets are not always about logic.

Although the greater majority of AHT business is in the US perhaps they are seen as a UK company and therefore perceived as not partaking in the US 'boom'. Maybe AHT should consider moving to the US market?

The SP

I note this morning that the share price again tested 2010 on opening but immediately rose.

Good day 2flat

I now agree that the green rising PF on my chart appears to be done but the black declining PF may also have done its job after it came close to being hit following the drop from the high. I have now drawn in a Schiff PF which appears to be in play.

AHT DAILY

[ianwwwhite] 01/5/2018 10:39

Good morning bracke

Thanks for posting your 'big chart' links for AHT, H&E, & URI

At first glance, the share price profiles for H&E and URI look very similar, but there is a noticeable
divergence in the case of AHT which commenced in August 2017.

I have overlaid the graphs for AHT and H&E for comparision, (The lower indicator in the graph is
the % compare trend).
:


Both H&E and URI initially saw considerable price gains against AHT, but more recently losses, and
seem again to be converging with AHT.

Why? I have no idea, but it seems it would be wrong to assume that URI, H&E and AHT always
proceed in lockstep, possibly because of their individual product mixes/markets, currency fluctuations etc.

What are your thoughts?

[2flatpack] 26/4/2018 14:18

Afternoon bracke,
Thanks for your thought's.
If the share price tests the trend and falls back.
I may try a short myself after the US opens .
fenners
bracke suggested you may have the price of a cup of tea for a poor down at heal gambler.
As always I live in hope.
Cheers

[bracke] 26/4/2018 12:44

Good day 2flat

I left the rising PF on the chart because the share price had not broken below the LP. On the chart below you will see that I have added a down sloping PF which the share price came close to reaching yesterday.I should have covered my short but decided to leave it and was stopped out today for 13 points.I have left both PFs' on the chart because I think there is potential for both.

The Daily SMA 50 and SMA 100 are close together and as you post are supporting the share price

You could hold out your cap to fenners, as to what he will put in it I would not care to guess.

AHT DAILY