Ashtead Share Discussion Threads

[rescuer] 02/7/2020 15:20

hope you are all well - well after working for this company up until 1999 and the subsequent fall off to 3p and then the recovery, (of which i bought NO shares, but tipped it out to many in the early 2000's), I have gone Short of AHT - the numbers presented last were spectacular, but noticed they had ramped up debt a bit, The debtors book has risen and i can see many companies failing as we see the wrath of Covid hit the economy hard over the next half year.

Not a big short, but short at 2798.

best wishes all.

r

[bracke] 30/6/2020 10:23

Yesterdays volume was high in comparison to the price range which together with the continued price action around 2700 suggests it has become a day trading share.

[bracke] 29/6/2020 12:55

Good day fenners

It will be interesting to see if they resume the buybacks when some form of normality returns.

[fenners66] 29/6/2020 11:41

Someone on Bloomberg just said - companies that come through this pandemic with cash , can grow through value enhancing acquisitions.

ie the point I made a while ago, if they had preserved the cash spent on buybacks before , it may well find a better home soon.

Still want bigger % of the earnings as divis though!

[discodave4] 28/6/2020 12:48

.....resume'Good day bracke. It does look like some southern states are reimposing restrictions due to consecutive daily increases in C19, hopefully they will get it back under control.Have a good day.

[bracke] 28/6/2020 12:24

Good day Disco

The bulls do not want to give up 2700. They have invested a lot to get it there in their effort to take it on to new highs. As I posted previously it's 'the virus' that's the likely spoiler. I suspect that providing the virus situation does not deteriorate too badly the FED will ride to the rescue and 'normal service' will resume.

[discodave4] 26/6/2020 18:36

brackeSpot on, 27 still under test.Yanks dragging FTSE down.

[bracke] 24/6/2020 16:39

Those of a sterner stuff putting discretion before valour.

2700 under test, that's one off my list. Question is will it drop to support at 2600? To be decided when the US Markets close later.

Probably the only thing which will negate FED money is a sizeable increase in numbers contracting the virus.

[bracke] 24/6/2020 10:51

Good day Disco

Such is the trading/investing life. Some you win; hopefully; and some you don't.

A quick 'ping' up to 2800 at the open and then dropped it like a hot potato. Now we will see if there are those who are made of sterner stuff, have held and will now attempt to take it above 2800 and on towards 2900.

Exciting isn't it!

[discodave4] 23/6/2020 19:14

Hi bracke,Told you I would regret it!........it's a crazy world at the moment. Even considering going long on Zoom, jeez.All the best.

[bracke] 23/6/2020 10:23

A low volume day yesterday but still attempted to break above 2800 which suggests few sellers.

I'm pondering a few aspects : test of 2700,support at 2600 and gap at 2400. I'm also looking at the spike up to 2879 and thinking that's where it's heading for.

A lot to consider but it seems that whatever is thrown at the market it continues to spring back.

[bracke] 20/6/2020 14:05

The share price held above 2700 at the close with above average volume. Following the close US Indices fell following FED Officials concerns and virus concerns.

Unless the US Indices Futures pull back up I would expect the share price to test 2700.

[riley109] 20/6/2020 09:07

That's cleared it up then!

[dcarn] 20/6/2020 00:18

British Standard. The rules of the game.

[mach100] 19/6/2020 22:01

Riley post 58127 when not uttered by politicians BS means British Standards.

[riley109] 19/6/2020 21:21

According to BS 6465-1 every construction site should have one toilet per seven people over a 40 hour working week.I'm not sure what BS stands for.

[fenners66] 19/6/2020 18:18

Nearest car park Covid testing centre, has a mass of "A-plant " on hire. portable offices , toilets , barriers , signs etc.
I reckon it could cost about £10k a week in hire costs.
If that set up is repeated all around the country......

On second thoughts its coming out of NHS budgets with an NHS procurement team.....
..... make that £100k a week.

[jimohno] 19/6/2020 17:34

With Mr Drabble taking over as Chairman at DS Smith from September, are they now worth serious consideration for investment?
Or am I putting too much importance on a Chairman?

www.sharesmagazine.co.uk/news/market/6965487/DS-Smith-appoints-former-Ashtead-CEO-Geoff-Drabble-as-chairman

[bracke] 19/6/2020 14:37

A good move up to-day so far. It's been trying to close above 2700 since the gap up from 2400. The volume will be interesting.

[discodave4] 17/6/2020 12:18

Thanks bracke, no doubt I will regret my decision here but to be honest this was my largest holding and the last 3 months or so have not been easy!......some of my AIM stocks have been less volatile lol.All the best.

[bracke] 17/6/2020 12:08

Good day Disco

Good luck with the rebalancing and trimming.

As for the "chuffing gaps" that's a chunky one down to 2400 but it doesn't appear ready to be filled just yet.

Strong volume yesterday and the bulls have held the share price above 2600 which I suspect they will aim to be the new support level.

[discodave4] 17/6/2020 11:24

No problem.Must confess I sold some of my holding here in March (panicked a bit) and the rest this morning. Thought I'd hedge by putting a small short on leading up to results but should have known better with AHT!.First bought at £3.90 and kept averaging up to £11 so more than happy (this was my first multibag). This is an excellent business and I've only sold because I'm trying to rebalance my portfolio and trim cyclicals. I may buy again at some point.Just wanted to say thanks for all the regular posters on here, it's an amazing thread compared to the majority on this site, whether long, short or no position everyone is treated fairly and with respect. Hopefully you won't mind me popping in every now and again as AHT and learning from you guys has been a wonderful experience.Mind those chuffing gaps!.

[fenners66] 16/6/2020 22:10

Cheers Dave

[discodave4] 16/6/2020 18:55

fennersYour post about eps / buyback, point well made, thanks.