Ashtead Share Discussion Threads

[fenners66] 08/6/2020 14:04

Tropical storms hitting Louisiana and Florida ?
Clean up operations starting early this year.

[discodave4] 08/6/2020 13:37

Hang on in there! :)

[bracke] 08/6/2020 12:08

Short still open.

[discodave4] 08/6/2020 10:47

Good morning brackeSeems like a dog day today, all bombed out stocks bouncing and value has gone out the window.Still believe that money will hunt out value, why wouldn't it it always has, and a lot of quality stocks (and some rubbish stocks) are overbought/over priced atm and sooner or later when interims start coming out the penny will drop.But wtfdik.Have you still got your short open?, hope it comes good.

[bracke] 08/6/2020 10:29

Good day Disco

Mr Trump will be hugging himself with glee. Before the virus he was obviously aiming to get the DOW to 30,000 by November but then came the virus and that put a very large spanner in the works. I thought 30,000 was gone for some time but here we are with the DOW at 27,300 with all that has occurred and is going to occur.

At the current rate the DOW will have passed 30,000 by November and Mr Trump will claim all the credit.

I'm not even certain that a virus 'second wave' would make much difference but I've no doubt that a vaccine will push the markets to extremes.

At some point profit taking will occur with the smaller players but if the major players do the same where do they put the money?

EDIT

Something to consider is the number of gaps to the down side on the indices. These will be filled at some point. The only ones that tend to stay are those that are at extremes eg. the March low.

[discodave4] 07/6/2020 16:11

Speedy Hire Finals Tuesday.

[discodave4] 06/6/2020 16:16

Hi bracke,I was tempted to increase my stop as didn't expect such a reaction, but the way it was rising it didn't look like a wise move.Hopefully there will be a pullback for you now, but I'm still amazed at how the market is reacting, you were spot on, it's got nothing to do with fundamentals at the moment but surely in time it has to!. The market is contrary, goes up when you think it should go down and vice-versa, that's why it's impossible to read IMO, more so at the moment with all the uncertainty. Don't believe we are in a bubble or anywhere close but it can't keep going. What recession??.All the best.

[bracke] 06/6/2020 13:38

Good day Disco

I was watching the screen before the data was released and saw the share price rising and was thinking of covering for break even but then it reversed. I then had to leave the computer and when I returned the damage was done. My error was failing to leave a stop...novice error. I will probably receive an admonishment from The Guru Council.

I am surprised at the volume of 1.36 million against an average of 2.3 million.

I will continue to hold the trade and see what happens next week. I hope I am not in for another slow boiling!

[discodave4] 05/6/2020 22:10

40p final div!I'd guess 35p :)

[discodave4] 05/6/2020 21:51

It did!.As bracke has said, fundamentals don't seem to mean anything at the moment. If this falls after results to below my short opening I won't be a happy bunny!.PFG on its way :)

[fenners66] 05/6/2020 21:04

Looking at the close it looks like that stop saved you a few quid....

[discodave4] 05/6/2020 16:12

That's my short stopped out!.Over to you bracke and good luck.

[discodave4] 05/6/2020 15:44

Adds 2.5m!, blimey.Does that mean with UK NHS conservative spin it's actually added over 10m (saves the 8m loss or so that was expected and adds 2.5m extra).

[fenners66] 05/6/2020 15:15

EPS say 150 a share
Must get an increase on last years dividend of 40p a share

Looking for at least 40p final

[discodave4] 05/6/2020 14:56

Oops that's me done for!.

[fenners66] 05/6/2020 14:46

Found it, added 2.5m jobs or at least on the payroll until PPP ends

[fenners66] 05/6/2020 14:45

what was the jobs data ?
Seems it was good news - but I didn't see figures

[discodave4] 05/6/2020 13:10

brackeStrange times indeed, let's hope there is no second wave.Stay safe :)

[bracke] 05/6/2020 12:26

Disco

The US unemployment data is likely to weaken the $ which is positive for the markets. It appears that the only thing which will sent the markets down is a 2nd wave of the virus which is not a pleasant prospect.

[discodave4] 05/6/2020 11:21

Good morning bracke,I definitely need more than you!Would be happy if your £24 is met, at least I will have made a bit. Then have to decide whether to close or hold (greed!).Seen forecasts of 6m to 8m decline in NFP pushing the unemployment rate up to 19.5% (Great Depression was 25% apparently). Who knows how it will react, possibly a major sigh of relief given April's was 20m decline.Have a good guru day.

[bracke] 05/6/2020 10:59

Good day Disco

I need all the luck I can get!

Once again the share price opens above 2500 but then drops back.

US Nonfarm Payroll data to-day. Irrespective of the result it makes little difference these days.

[discodave4] 04/6/2020 17:58

brackeOnce a guru always a guru!.Good luck but as ever I doubt you need it :0)

[bracke] 04/6/2020 17:21

Disco

My time frame is a lot shorter than yours. I'm ideally looking for 2400. I note it closed bang on 2500, very clever. Low volume again.

[discodave4] 04/6/2020 16:39

BrackeDon't disagree in the medium/longer term but I'm thinking shorter term. In terms of the construction sector infra funding, planning consents, contract tenders, etc, etc,, aren't just going to happen overnight irrespective of how much money is sloshing around, takes months and months. Also got a potential second wave (not Mexican although they do have a lager link!) in Aug/Sept followed by a small event happening later on in the year in the US.....I don't for one minute expect it all to keep heading north no matter what and for AHT I'm betting on it going lower than £25, some way lower and before the autumn.If I'm wrong I lose a bit of money, AHT owes me nothing though.

[bracke] 04/6/2020 14:54

Disco

I understand your reasoning but the FED and other central banks are not going to sell assets. You then have to consider what banks,financial institutions, etc will do with the money if they sell shares, etfs' and bonds; there is not much else they can do with it.

There may be some volatility but it will need something major to cause a sell off. I presume the aim is to hold the markets up until they come back to some form of normality and then ease back on the support.

We trade in strange times.