Ashtead Share Discussion Threads

[bracke] 23/2/2023 14:58

Good day disc0

More good/bad news. Depends on point of view.

Reading the FOMC Minutes one may have thought the market would have reacted differently but no. Despite FED talk of 0.5% increase and higher rates for longer the market was not bothered. One ponders how high rates have to go and for how long before the market reacts or maybe it won't.

[disc0dave45] 23/2/2023 14:36

US jobless claims 192k, forecast 197k.

[bracke] 22/2/2023 11:57

Good day 2flat

"Is this the beginning of the end?"
==================================

That depends on where you think the end is.

"Are all gaps about to be filled?"
====================================

Highly unlikely given that they extend down to 2888.
Those further up are 5360,5052 and 4550. It would be remiss of me if I did not mention those at 6328 and 6200. It appears very likely that 5360 will be filled in the near future.

The US Market appears to have come to the reluctant conclusion that the FED is serious about its 2% inflation target and that there will be more rate increases than the market expected.

Looking at the AHT chart shows the share price has dropped back into the main ascending channel and also into the ascending wedge. Following the fill at 5360 it is probable that the share price will test the Fib at 5268.

Today the minutes of the last FOMC meeting are released plus data tomorrow and more data on Friday including what is said to be the FED'S favourite; Personal Income and Spending. We wait to see the market reaction.

AHT DAILY

[trt] 22/2/2023 08:58

Could see a drop below £50 at this rate.

[disc0dave45] 21/2/2023 20:38

Market just doing its usual 3 weekly pre FOMC minutes risk off Shenanigans....traders paradise!.

[2flatpack] 21/2/2023 19:18

Evening All,
Is that a Double Top" I see, with an inverted "Head and Shoulders" in between?
Is this the beginning of the end?
Are all gaps about to be filled?
Carry on watching for all the answers.
I hope so, as I sold out at 5300 thinking it was too heady, and I am now getting withdrawal symptoms.
Cheers

[perfido] 20/2/2023 09:14

ADVFN message re live share price stream fail:

ruslan1 (ADVFN)20 Feb '23 - 08:47 - 3474 of 3479
0 0 0
Dear users,

Our developers continue working with LSE to restore the LSE feed.
Please accept our apologies for the inconvenience caused.

Regards,

Ruslan
ADVFN Support

[bracke] 19/2/2023 13:46

Good day disco

I agree. Considering the data that the FED and Bank Of England have access to their forecasts are little better than anyone who follows the markets. Which suggests they do not have the correct data or do have the correct data but are poor at using it.

[trt] 17/2/2023 15:29

Could see a drop below £55 at this rate.

[bracke] 15/2/2023 17:25

Good day disc0

"Looks perky today - just ignore US CPI :)"
==========================================

And todays Retail Sales Data.

There is another raft US Data tomorrow but unless it's bad as opposed to 'bad' the market isn't interested.

[disc0dave45] 15/2/2023 14:52

Looks perky today - just ignore US CPI :)

[disc0dave45] 09/2/2023 14:39

“if they had cooked the books would they have broadcast it”

It’s the auditor I believe that recommended a review after last years numbers. Guess the investigation that’s ongoing will confirm what’s been going on. Don’t disagree that there may be some pilfering but as posted doubt that would equate to the £20.4m discrepancy (even allowing for asset depreciation).
Have a good day Elf :)

[riley109] 09/2/2023 14:28

Rodney,if they had cooked the books would they have broadcast it.The average hire shop is piled high with saleable goodies not just what I mentioned,then there's the bloke comes in with false ID or pays cash deposit and walks off with Sthil saw rotavator steam wallpaper stripper hydraulic breaker ect ect,was it only a 12month period.I'll bet they will be able to point the finger at the most likely suspect depots.It's unlikely the management will let this go,I know I wouldn't.

[disc0dave45] 09/2/2023 11:08

Think it's more than just petty pilfering, IMO they've been cooking the books, 40% of stock doesn't just disappear in 12 months.That's about 40 million drill bits, or 250k transformers, or 4 million or so saw blades, appreciate you were just giving examples but the scale of the fraud / theft at Speedy is huge.

[riley109] 09/2/2023 10:40

None of you have any idea about the supplementary income staff can make from a Plant Hire depot.The stuff that's gone walk about is all the portable equipment that all companies now offer since jumping on the HSS bandwagon and dealing with Joe public.Don't forget that the "shop" now offers all the other goodies like masonry bits saw blades 110v transformers and a whole host of stuff that can be "sold" but the money circumvents the till.Simple fact is that Speedy have at least made it public because this hasn't just happened to them.Depot staff have a high turnover rate and managers get poached by other companies to find out what discounts ect are being given to customers.Peel hunts explanation shows just how ill informed they all are.Not all staff are bent but the temptation has always been there.I'll bet HSS are best equipped to deal with this sort of thing having been in the game so long they will know most of the angles.Moneys gone and there's nowt they can do about it unless they can make the odd prosecution to put the frighteners on the staff.Share price has gone down so get stuck in.Just got my APlant div and looking at some more ABDN,LOVELY JUBLY.Well done all Aplant LTH.

[fenners66] 08/2/2023 18:27

Wow that Speedyhire announcement is breathtaking.

No reconciliations done on those assets - now monthly instigated.
Puts into question the value in the last accounts and the last audit, since that is a material number.

But to blithely refer to no change to underlying profits and file the loss and forget is outrageous.

Last accounts attributable profit was £21.9m per advfn

The events in the RNS will account for £23.3 m !! and everything is presented as business as usual !!

Well its only shareholders' money so what does it matter anyway ?? !!

[bracke] 08/2/2023 17:35

"Perhaps the assets never existed in the first place!."
=======================================================

Now there's a thought.


"US jobless claims tomorrow may generate some kind words from Jezza :)"
=======================================================================

Unlikely but some of the FOMC Members may.

[disc0dave45] 08/2/2023 16:26

Mr bYep amazing!, poor shareholders, for the record I don't hold thank goodness. Perhaps the assets never existed in the first place!.US jobless claims tomorrow may generate some kind words from Jezza :)

[bracke] 08/2/2023 15:52

disc0

The Speedy Hire £20.4 Million non-itemised equipment 'disappearance' is ridiculous.

Even the most basic system of control would prevent the loss of equipment as a result of non return. It suggests skulduggery of one type or another. If that amount of cash had gone missing the police would be called in.

As for "Sideways and £60 please :)" I think it will require another catalyst, perhaps Mr Powell will oblige at his next press conference.

[disc0dave45] 08/2/2023 14:41

Good afternoon Mr b"Decision time. Retrace back down into the main channel or move sideways before pushing up towards 6000"Sideways and £60 please:)Off topic - folks should take a look at Speedy Hires update today, a complete shambles. They've "lost" £20m of their non-itemised (kit that has no serial number, ie scaffolding etc) assets!.....about 40% of their total non-itemised assets.I'm hoping AHT aren't as careless!!

[bracke] 08/2/2023 11:36

Good day disc0

I watched the question and answer session yesterday. Mr Powell would not be drawn on the job data. He stuck to what he said at the last press conference i.e. sticking to 2% inflation target, some aspects are responding to rate rises others are not such as housing(purchase and rent)and employment. Further rate rise will be data dependent.

It's what he has been saying previously.

AHT

Following the large green candle the share price has been reluctant to retrace. It has dropped back slightly to rest on top of the main rising channel with support at 5600. Decision time. Retrace back down into the main channel or move sideways before pushing up towards 6000.

AHT DAILY

[disc0dave45] 07/2/2023 18:05

Only had a quick look but Mr Powell must be dovish as the DJI has gone up 250+ points since his speech at 17:30.One comment he said:"We expect 2023 to be a year of significant declines in inflation. It's actually our job to make sure that that's the case. My guess is it will take certainly into not just this year, but next year to get close to 2%"

[bracke] 05/2/2023 13:16

The FED rate increase and Mr Powell's dovish comments came two days before the employment data. Would not the FED have had early access to the data?

Either the FED did not have access to the data which seems odd, or they did have access but were not bothered by it.

Mr Powell speaks again on Tuesday. Will he comment on the data?