Ashtead Share Discussion Threads

[fenners66] 28/7/2022 10:15

Democrats possibly getting around to agreeing a deal for new legislation that includes $369bn for energy - suspect some of that is energy infrastructure.....

It could be another false dawn of course they have been unable to agree anything amongst themselves so far.

[disc0dave45] 28/7/2022 09:16

Very good Q2 numbers from URI yesterday. Beat consensus eps by a massive 21% and ups forecasts.

[dcarn] 28/7/2022 08:12

And only five short weeks to our own, hopefully, record Q1s.

[fenners66] 27/7/2022 23:34

United Rentals Announces Record Second Quarter Results and Raises 2022 Guidance for Revenue, Adjusted EBITDA1 and Cash Flows2

Decent results

[fenners66] 27/7/2022 11:03

Talk on Bloomberg of the £ getting to $1.15 and questions even raised of parity in the future.

[bracke] 26/7/2022 18:53

Volume is showing 3 Million but London Stock Exchange shows just over 1 million.

[disc0dave45] 24/7/2022 16:13

Good day Mr bYep will be interesting to see what the market does. Read somewhere that the probability is 84% it will be a 0.75% rise and 16% a 1% rise in interest rates.No point chasing butterflies be they cabbage or otherwise as wouldnt provide sufficient nutritional value for the mutt....or me! :)Have a good one

[bracke] 23/7/2022 12:12

woody

I follow your thinking but there is some way to go before the FED bring inflation back to their target and are able to ease interest rates. In the meantime the market does what it does best.....manipulate to provide the best condition for volatility and money making.


disc0

The market knew that the Q2 GDP and interest rate decision were due next week. At best one might expect the market to have held steady this week or to have dropped to take into account a likely 0.75% increase but no they take the market up. All part of the market operation.

Next week will be interesting, not just for the Q2 GDP result and rate decision but more for the market reaction to them.

I have no squirrels to chase only cabbage white butterflies.

[disc0dave45] 22/7/2022 21:14

Mr bFlash numbers don't look good, thanks for posting - guess that's why the US market dropped (and the FTSE250 once the US opened).Will the FOMC go for another 0.75% interest rate rise (or even 1%), plus they report Q2 GDP next week, so guess the latter will decide the former.Was going to hit the buy button today on a couple of stocks picking up momentum (like here) but my gut was saying it was more to do with the FOMO than value and was conscious that next week could be volatile with lots of UK companies reporting along with the US economic updates and FED decision, so I chased squirrels instead! Lol

[woodyjmw] 22/7/2022 20:29

Possibly, but then that would reduce inflation and interest rate expectations, which would subsequently provide support. With the jobs still be added it's hard to see immediate weakness (which means the Fed can keep raising rates).

[perfido] 22/7/2022 17:38

Hi Palwing,

When viewing share price flucuations I think it is important to keep a sense of proportion.

I personally favour Edwards & Magee's analogy to ripples, waves and tide explained in Technical Analysis of Stock Market Trends which I have summarised:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
As certainly as there is a high tide, there will be a low tide. As certainly as equity peaks it will experience lows. Waves ebb and flow and it is important to diferentiate between ripples, waves and the tide

We find these metaphors to be highly descriptive of market tides and waves.

(
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

In AHTs case it may well be that the tide has turned positive, but ebbs and flows can be expected, perhaps creating opportunities for the brave :-)

In any event I wish you good luck!

Edit: of course there is another class of investors who attempt to surf the waves, but unfortunately end up with a wipeout more often than not 😂
.

[palwing32] 22/7/2022 16:12

"I would not be surprised to see a retrace in the coming week."NOW you tell me! ?

[disc0dave45] 22/7/2022 13:32

Good day Mr b
Many thanks for you info.
“I would not be surprised to see a retrace in the coming week.”

Me neither, it’s gained about 28% since it’s 52w low on 23rd June, so deserves a wee rest, but only time will tell.

Apparently listening to the II week ahead podcast, Richard Hunter mentioned that in general about 70% of the US companies that reported quarterly numbers this week were ahead of forecasts.
Have a good one :)

[bracke] 22/7/2022 11:17

The share price is approaching two important levels.

1 The primary trend line. (Downward sloping red line).

2 The previous high at 4400. A break and hold above 4400 would be a higher high and suggest the fall was over and the upward trend consolidated.

I would not be surprised to see a retrace in the coming week.


AHT DAILY

[disc0dave45] 21/7/2022 18:37

PerfidoThanks for the info post 61042Onwards and upwards - we hope :)

[perfido] 21/7/2022 16:43

Another great performance from AHT +69p (1.7%) to close at 4143p

Carry on like this and this time next year, we'll all be millionaires Rodney :-)

Lovely jubbly!!
.

[perfido] 21/7/2022 13:54

Hi discO,

Thanks for this information, perhaps its the underlying trend which is key to understanding?

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The US unemployment rate was unchanged at 3.6 percent in June of 2022, the same as in the previous three months, remaining the lowest since February 2020 and in line with market expectations. The number of unemployed people decreased by 38 thousand to 5.912 million, while employment levels fell by 315 thousand to 158.111 million. Meanwhile, the labor force participation rate edged down to 62.2 percent in June fom 62.3 percent in May. source: U.S. Bureau of Labor Statistics

source:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

I assume we are looking at the same data, (possibly with a different level of granularity?), if this is the case then 'no shocks, as expected, carry on regardless' springs to mind :-)
.

[disc0dave45] 21/7/2022 13:39

US jobless claims 251k versus forecast of 240kIs bad news good news again?, I've given up! Lol

[perfido] 21/7/2022 13:36

The European Central Bank (ECB) has increased interest rates across the euro zone by a half percentage point after a meeting in Frankfurt. It is the first time the bank has raised rates since 2011.

Source:

The increase means that Irish tracker mortgage borrowers, who have enjoyed record low repayments for the past decade, will face an immediate rise in their payments. Homeowners on other rates will have to wait to see how the Irish banks react to the announcement.

It could also mean some relief for savers, especially those with substantial sums on deposit who have actually been paying the bank to hold on to their money in recent times.

The increase had been widely expected. However, until this week, it had been presumed the rise would be no more than 0.25 of a percentage point with a similar increase pencilled in for September’s meeting of the bank’s governing council

The 50 basis point rise end an eight-year experiment in Europe with negative rates. The last time the ECB raised rates by 50 basis points was in June 2000.

The decision to increase rates comes amid concern at the pace of inflation, which has increased more quickly than the ECB has anticipated, reaching 8.6 per cent across the euro zone in June.
.

[disc0dave45] 20/7/2022 16:47

ECB rate decision tomorrow (they are slow!) and US jobless claims.

[disc0dave45] 20/7/2022 16:12

PerfidoI re-posted the link but looks like ADVFN doesn't like it!.Good to hear your strategy is doing okay and I'm sure it will work out in the end.

[perfido] 20/7/2022 15:51

Hi discO

Apologies to one and all, I was about to remove my defective link above when I took another call and got delayed... this link has now been removed.

My pound cost averaging stakebuilding is progressing, and although most of the purchases to date are a little underwater, I am satisfied that intrinsic value will out eventually :-)

Disco, I like your approach to taking advantage of the dip, I wish you good fortune.

Today has been most enouraging for AHT, plus 148 @ 4087 pre close on volume above 1.19m as I type, what's not to like?

Edit: Final close +135p up 3.4% to close 4074p on volume 1.6m .... nice!