Ashtead Share Discussion Threads

[purchase_atthebottom1] 14/3/2022 19:47

Discodave45=Disc0dave45=Discodave4=diggerdog1= baby cheeky 🤣

[disc0dave45] 14/3/2022 19:44

Mr bCup and handle

[bracke] 14/3/2022 19:43

disc0

I'm not entirely sure what you mean by the 'handle'. The term has two meanings in trading that I know of.

As to expectations....I don't have any. In these 'interesting times' it's very risky having them. The probability is a retrace back to 4891 to fill todays opening gap.

Mr Powell speaks Wednesday evening (GMT). We await the market reaction.

fenners

You are forgetting the closing auction.

[disc0dave45] 14/3/2022 19:40

What's on their books and balancing end of day trades

[fenners66] 14/3/2022 19:17

4.29:51 last trade goes through at 5106

UT goes through at 5072 what's that all about - since it gets the closing number - latest trades going through at 18.45 - I strangely thought the market was closed....

[bracke] 14/3/2022 17:04

disc0

You will also have noted that the red SMA100 is about to cross below the black SMA200. It hasn't done that since April 2020 just before the start of the 'Big Rise'.

Consulting the Runes

IF the the market decides enough is not enough and further downside is required and the AHT low on 24th Feb at 4391 is broken to the low.......3800 becomes probable, it being a 50% retrace from the 6572 high and the 996 low plus a s/r zone.

[perfido] 14/3/2022 17:03

Looks like happy hour for AHT bargain hunters is over for the time being, but a good solid performance today...

[disc0dave45] 14/3/2022 15:40

Good day Mr bThe SMA50 looks like a decent guide for your primary trend line (for me as a quick topping up reference anyway!)Have a good one :)

[bracke] 14/3/2022 14:59

Good day disc0

Provided Mr Powell sticks to the 25 basis points he favours it shouldn't have much effect. I suspect it will be the rate increases that come during the course of the year which will determine market direction. Perhaps the press conference after the rate announcement is made may light the way.

The chart below shows that the share price has broken above the secondary down sloping trend line but has not reached the primary down sloping trend line. It has reached the top of the horizontal range and filled the 5126 gap.

The aim has to be a break and hold above the primary trend line.

All of the above notwithstanding the Ukraine situation.

AHT DAILY

[disc0dave45] 14/3/2022 14:22

Looking bullish but will the FED interest rate hike (Wednesday?) pull it back again?, or is it priced in already?.....I'll ask the pooch as I can't keep up these days :)

[purchase_atthebottom1] 14/3/2022 13:11

Discodave has lost the plot over at CNA 🤣

[purchase_atthebottom1] 13/3/2022 22:37

Placement soon, this pile of 💩 is going down🤣

[perfido] 11/3/2022 19:27

FTSE 100 - Risers
____________________________________

Pearson (PSON) 766.60p 18.01%
Polymetal International (POLY) 169.50p 12.07%
Melrose Industries (MRO) 122.00p 7.30%
Flutter Entertainment (CDI) (FLTR) 8,950.00p 4.78%
Entain (ENT) 1,528.00p 4.30%
CRH (CDI) (CRH) 3,154.00p 3.94%
Admiral Group (ADM) 2,568.00p 3.51%

Ashtead Group (AHT) 4,891.00p 3.14%

Ferguson (FERG) 11,025.00p 3.09%
InterContinental Hotels Group (IHG) 4,949.00p 3.06%
_____________________________________

Not a bad week, all things considered :-)

Lets see more volatility next week, I've got a taste for buying AHT shares at bargain prices !
:-)
.

[bracke] 11/3/2022 15:22

Good day optomistic

"please to see you are keeping yourself occupied over here with the wealthy AHT holders :-)"
================================================================================

I was hoping some of the wealth might 'rub off' on me! Having typed that you will have noted that the AHT share price has finally come back closer to earth.

I have been watching the trials and tribulations of BP. Oil soaring and BP has to flog off its Russian shares....there's no justice. Perhaps one day the company will return to former glory....perhaps.

Good luck with your new investments.

My trading has had the best start to the year I've ever had. Nothing to do with my undoubted expertise more to do with trend and volatility. I could say long may it last but not at the expense of the Ukrainians.

[optomistic] 11/3/2022 14:31

Good afternoon Bracke, please to see you are keeping yourself occupied over here with the wealthy AHT holders :-)
BP not as bright as it would have been due to circumstances beyond our control. Luckily I got out at 393, Now heavy in Lloyds and tinkering in TW.
Sorry for off topic folks but got to have a chat with Bracke now and again :-))

[disc0dave45] 11/3/2022 13:30

As they stated in todays RNS, they were simply following:

UK Corporate Governance Code
E.2.2 (incorporated into Provision 4 of the 2018 Code but note threshold is 20% or more of votes cast against. In addition to current requirements, an update on the views received from shareholders and actions taken should be published no later than 6 months after the shareholder meeting. The board should then provide a final summary in the annual report and, if applicable, in the explanatory notes to resolutions at the next shareholder meeting, on what impact the feedback has had on the decisions the board has taken and any actions or resolutions now proposed)

[disc0dave45] 11/3/2022 13:23

Good day Mr bracke,Yep I know, the results were issued on 17th Sept (so the disapproval was there for all to see). The all time closing high share price was November, downtrend only really started in Dec, some 3 months after the AGM......was simply trying to say that there is no evidence to suggest major II's have been selling (no holdings RNS's since the AGM last Sept). IMO world events had more to do with the sell off.

[bracke] 11/3/2022 13:09

Good day disc0

I think Mr McCarthy may be referring to the latest item in the 'News' section above.

[disc0dave45] 11/3/2022 12:21

The AGM was 16th Sept 2021!

[davemccarthy] 11/3/2022 10:12

having read the AGM statement today it looks like some major shareholders havent likeed the proposed new remuneration package and have decided to leave the building and sell their shares. That could be the reason for the sell off over the last month?

[disc0dave45] 10/3/2022 16:58

Good day Mr bracke,Agree, looks more like a dead cat, inflation 7.9% in the US and Putin isn't going to have helped the longer term outlook either.

[bracke] 10/3/2022 12:54

Good day disco

As fenners posts the UAE said they want OPEC to increase production. Whether OPEC will agree is another matter. The market thrives on volatility so the UAE statement provided an excellent opportunity to take advantage. I did.

I suspect it's more dead cat bounce. My reasoning.... Putin still wants Ukraine either by hook or crook, major economies are facing rising inflation together with the prospect of stagnation i.e. stagflation, still recovering from Covid. That's enough to be going on with. It's certainly not the scenario for improving economies.

[fenners66] 09/3/2022 23:07

UAE seems to be wanting to up its oil output - price of oil slipped back to $112 pb
abates inflation risk a little

[disc0dave45] 09/3/2022 19:45

The market always amazes me. Why the mass buying today?, is it the herd mentality as I haven't heard anything other than whispers the ECB may do some bonds as a means of trying to suppress inflation and poo has dropped - or is it a dead cat bounce or is it the bottom?

[disc0dave45] 09/3/2022 19:37

Thanks Mr b