Ashtead Share Discussion Threads

[fenners66] 02/12/2022 13:44

20,000 construction jobs added - IN November....

[fenners66] 02/12/2022 13:37

NFP higher than expected at 263,000 but down from October's now revised upwards 284,000
wage inflation at 5.1 %
That is something that Powell wants to see lower so the risk is higher interest rates for longer

Which means US stocks fall - but so does the £ so those dividends are worth a bit more
though no where near the $1.07 level....

[bracke] 02/12/2022 13:05

Good day disc0

If the NFP is some way lower than 200k the market will probably go 'nuts' again. If it's higher it will probably 'shrug it off'.

I getting the impression that the market wants to keep things moving up into next year when company profits will feel the affects of increased interest rates and a drop in the market.......just my thought.

[disc0dave45] 02/12/2022 11:24

Good day Mr bBelieve non farm at 1:30pm, that will be interesting and hopefully support Mr P in his 0.5%.Forecasts: payrolls +200k (from 261k), unemployment rate from 3.7% to 3.8%.

[bracke] 01/12/2022 16:49

disc0

"I blame these pesky traders lol."
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I agree.....I wasn't trading.


"some strange folk about!"
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I know...I see one in the mirror whenever I look!

[disc0dave45] 01/12/2022 12:15

Good day Mr bYep I find it quite funny tbh, Powell repeats what was minuted and the market reacts again to old news - the adage that the market is forward looking is clearly a pile of pooh. I blame these pesky traders lol.Have a good one and be careful out there, some strange folk about!

[bracke] 01/12/2022 11:49

Good day disc0

Not so much smile as much laughter and merriment.

I suspect the market was straining at the leash to move up. Listening to what he said was the same as the minutes last week but the market latched on to rate increase could slow in December which was similar to the minutes.

Where now? Onward and upward or not?

[disc0dave45] 30/11/2022 19:27

Looks like Powell has made Mr Market smile!

[disc0dave45] 30/11/2022 18:10

PerfidoStill plenty of time.Mr P 18:30 - 19:30 I believe so will take a gander at the US indices to see how much additional money he is trying to make on the markets (cough cough).

[perfido] 30/11/2022 16:59

A promising start, but AHT closed a touch down at -16p @ 4975p at the close.

AHT 2Q results anouncement due 6/12/22. If URI is a guide, the URI 3Q results announced 26/10/22 were described as 'record'.

Here's hoping :-)
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[perfido] 29/11/2022 19:59

Cheers disc0 :-)
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[disc0dave45] 29/11/2022 18:09

Good luck perfido.

[perfido] 29/11/2022 15:50

Looks like 5100 may be an inflection point and if it can be overcome I am hoping to see the share price make further progress.

On this basis I have restarted my PCA (price cost averaging) experiment as a side hustle to my core holding, with a very modest initial purchase of 50 shares @ 5009p to which I will add if the price falls further.... fingers crossed & NAI :-)
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[disc0dave45] 28/11/2022 19:57

No problem Mr bNumbers - wish the same could be said for my PF lolHave a good evening

[bracke] 28/11/2022 18:01

Thank you disc0.

Numbers.....I remember not so long ago billions were virtually never mentioned. Now they are all the rage and millions are everyday.

[disc0dave45] 28/11/2022 16:52

Mr bNo no it wasn't you, the person in question was immediately filtered a while ago now....but the hound and I never forget!.

[bracke] 28/11/2022 16:40

disc0

"according to someone on here I’m incapable of understanding too many numbers!."
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If you are referring to me I apologise. I certainly did not want to imply a lack of numeracy.

[disc0dave45] 28/11/2022 16:26

Thanks, don't know about having a firm grip!, according to someone on here I'm incapable of understanding too many numbers!.Have a good evening :)

[perfido] 28/11/2022 15:09

Thanks disc0

Always interesting to see how other people manage their portfolios, and measure performance.

It looks like you have a firm grip on your investments, I wish you good luck!

[disc0dave45] 28/11/2022 13:33

Nice one.Do you still hold?

[disc0dave45] 28/11/2022 13:29

Hi Perfido Not on individual tranche level if bought more than one tranche, but an average buy price+income (less transaction costs).I do monitor via spreadsheet tranche target buy prices to maintain a set final average price range and thus percentage target profit.Google finance is a quick way (as my spreadsheet is a bit more complex) to automatically determine overall investment price (average) for numerous purchases which also then helps to give a guide for any future buy prices required in order to meet my overall PF target return.....if that makes sense!.

[perfido] 28/11/2022 11:51

Hi Disc0

Thanks for sharing.

Looks like a well structured 'step' approach IMHO.

As a matter of interest, and without giving away any secrets, do you monitor overall 'rate of return' from first transaction as well?
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[disc0dave45] 28/11/2022 11:02

Thanks Perfido,From a personal perspective I don't believe I'm suffering from analysis paralysis, but how much is too much research?.I've a refined watch list now with target prices to buy and also potential upside profit (have been as realistic / conservative as I can be). Im trying to build a fairly diversified portfolio (one or two businesses from each of the 10 industry classifications - although may ignore the utility sector in favour of consumer cyclicals as more very undervalued sector IMO). I've screened for various fundamental criteria as well as researching the favoured companies to produce a list, then I'm refining over time. I'm taking the "stair step" approach and have for a few months now, buying from my watch list in tranches (the same applies to certain ETF's and funds). So happy to proceed with my plan, if you can call it a plan, not "paralysed" IMO.More recent postings are simply discussing our views on the market in general, which tbh I find very useful as well, I can be too optimistic at times so welcome an opposing view.

[perfido] 28/11/2022 10:21

'analysis paralysis'??

Reading the recent spate of postings on investment indicators, I thought that the following might be of interest, and provide a different perspective:



Whilst not wishig to take sides, the link provides a useful insight, and is well worth a read IMHO.
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