Ashtead Share Discussion Threads

[discodave4] 16/5/2019 19:40

Golden Cross coming up perhaps?

[discodave4] 16/5/2019 19:31

Thanks fenners.........for the housing starts post, not the other! :)

[bracke] 16/5/2019 18:11

Good day fenners

I note AV. has closed above the dashed black line I mentioned. If it decides to continue up to the top of the range hopefully the 'tariff' business will not intervene.

[fenners66] 16/5/2019 13:32

US housing starts up

[fenners66] 16/5/2019 13:10

ian - thanks
"share buyback programme, acquiring 119,491,188 shares at an average price of £5.02

Aviva share price today? 417p "

So you are saying they blew at least £101m overpaying for their own stock.
You make a very convincing case for not doing buybacks !


I wonder too how many of those that sold , later bought back knowing full well that buybacks influence on share prices are only transitory - they are just more hi-demand days that can support a price and when they stop the reverse is most often true.

But if you want to support your investment by not selling , restricting supply ( simple economics of supply and demand there) and collecting higher dividends year on year , you can have both a higher income and a higher share price.

[discodave4] 16/5/2019 09:01

SDY's revenue is 90% from UK and Ireland, so should read across for A plant, but URI are more the barometer for AHT.Another nice sunny day by the looks of it.

[mjcferguson] 16/5/2019 08:06

Good results from Speedy yesterday with good utilisation etc.Should read over to Aht figures due in three weeks.

[bracke] 15/5/2019 18:12

ian

Helpful!!..... I was about to add something rude but Elite Gurus are noted for their calm reasoned manner so I will refrain from un EG language.

I have no doubt fenners knows exactly who to blame!

[ianwwwhite] 15/5/2019 17:46

Hi fenners

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
18 September 2018, 09:32Source - SMW

Aviva said Tuesday it had completed its share buyback programme, acquiring 119,491,188 shares at an average price of £5.02 a share, cost <>£600mill
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Aviva share price today? 417p !! It looks like the high dividend and fall in share price over an extended period is trying to tell us something...

I think you will find the AHT buyback average price figures and future prospects are a lot more satisfactory, particularly if you are in it for the long term IMHO

DYOR

[fenners66] 15/5/2019 17:21

LOL

But look at the relative dividend yields - one does buyback and pays a measly divi , one finishes a buyback and pays a handsome divi......

[uppompeii] 15/5/2019 14:41

He did!fennersPerhaps a heartfelt plea to the Board to divert buyback cash to the dividend?

[ianwwwhite] 15/5/2019 12:42

bracke

re: I sold my holding in AV. a long while ago but follow them for old times sake.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

In the circumstances, I'm surprised you didn't think to mention the recent AV. share buyback, completed Sept last year - ironic really!

As for fenners long awaited letter to AHT about share buybacks, perhaps he should be writing to AV. as well, to seek reassurance as a prospective shareholder?

:-)

[bracke] 14/5/2019 13:48

Good day uppompeii

Yes I can fully imagine that is the case but I give no guarantee that I will stay away!

[uppompeii] 14/5/2019 13:07

Oh and how we miss you!

[bracke] 14/5/2019 13:00

fenners

Perhaps a heartfelt plea to the Board to divert buyback cash to the dividend?

[fenners66] 14/5/2019 12:40

Thanks Bracke.

I asked because I have not got the time to do the proper research - but noticed its at the lower end / higher div and I could do with some more divs (since AHT is not paying enough!/as much as it could/ should ).

[bracke] 14/5/2019 11:30

Good day fenners

I sold my holding in AV. a long while ago but follow them for old times sake.

Following the large fall it has pulled up and has been operating for most of 2019 in a range between 407-440. It's currently at the bottom of the range so buyers may consider it a buying opportunity as shown on the daily chart shown below.

Scroll below the daily chart for the 4 hour which shows the more imnediate price action.

AV. DAILY CHART




The four hour chart gives a close up of the recent price action. You will see that the share price reached the ML of the blue Mod Schiff PF. It then dropped and has made two lower highs. It's now at the cusp. Continue up from support or drop down to the ML of the red PF. If it does the latter it will drop below the last significant low (black horizontal line) which would not be a good omen.

If I bought this share now I would be watching price action if/when it rose to the dashed black line or if it fell below the solid black line.

AV 4 HOUR

[fenners66] 14/5/2019 09:44

Bracke are you still following Aviva ?
Noticed their dividend yield currently about 7.5% with maybe a small increase to come ?

Are there any skeletons in the accounts / charts that you are aware of ?

Cheers

[discodave4] 13/5/2019 19:08

Not looking good across the pond.

[bracke] 13/5/2019 10:55

Good day uppompeii

I look forward to giving you a good squeeze but no hugs, people will talk.

In the meantime the share price holds at the low 2000's. It seems that the markets think that Mr Trump's tariff increases are a ploy and that the Chinese will come to terms with the USA. Either way a large move up or down in the markets is in the offing.