Ashtead Share Discussion Threads

[servicewash] 04/6/2023 12:00

another insightful piece:
hxxps://simplywall.st/stocks/gb/capital-goods/lse-aht/ashtead-group-shares

[servicewash] 04/6/2023 11:34

The stellar rise in construction spending figs out of the US on Thurs was likely one of the major drivers of the uptick at the end of the week assisted by positive market sentiment.
All the clues are pointing to Sunbelt's next set of figures as being pretty damn impressive. The spike in volume moving the price sharply upwards in Thursday's closing auction signalled large buys likely from some big hitters ahead of the next news cycle imo.
hxxps://fred.stlouisfed.org/series/TTLCONS
hxxps://www.census.gov/construction/c30/pdf/release.pdf

[palwing32] 02/6/2023 19:21

Yes, not so bad thanks. But still have the what if conversation with myself every so often.

[disc0dave45] 02/6/2023 18:53

URI and CAT are flying......wasn't construction the sector that employed more in May?.Wouldn't think it's a delayed reaction to the debt ceiling as Biden has said it won't mean any new spending but just paying off existing debt.

[bracke] 02/6/2023 18:51

Target achieved gap at 5104 filled.

It has closed at a strong resistance zone.

AHT DAILY

[disc0dave45] 02/6/2023 14:31

Fair point about your island!.Yeah NFP 339k but unemployment at 7 month high of 3.7%.....ying and yang!Looks like unemployment trumps NFP for the moment anyway. Reckon Mr Powell will flick a coin now lol.

[bracke] 02/6/2023 14:23

Good day disc0

Private islands in the Caribbean viewed with suspicion as a result or Epstein.

NFP comes in way over expectation but the Futures are unperturbed....so far.

[fenners66] 02/6/2023 13:49

US Payrolls +339,000
Revision to previous +93,000

But unemployment up from 3.4 to 3.7% and wages rising less than expected.

More relevance to AHT perhaps 25,000 construction jobs added.

[disc0dave45] 02/6/2023 13:12

Good afternoon Mr b, thought you'd retired to your private island in the Caribbean!.Yeah debt ceiling being sorted was a given IMO but as ever the market allowed for fear and those pesky traders to profit.Forecast for NFP is 190k, we'll know in a few minutes.From what I've read there was a 75% chance of a rate rise this month a few weeks back, but in the last few days it's flipped to a 75% chance of a freeze. You couldn't make it up!.

[disc0dave45] 02/6/2023 13:07

palAt least you made a decent profit by the sounds of it.

[bracke] 02/6/2023 12:02

The gap at 4919 filled but another opened today at 4949. Target is the gap at 5104.

The debt ceiling agreement has given the market a boost, eyes now turn to NFP. If the data is favourable it will give impetus to the hope of a pause in interest rise at the next FED meeting.

AHT DAILY

[perfido] 02/6/2023 08:20

13 Jun 2023
Quarter 4 and year-end Results Announcement due……
.

[palwing32] 02/6/2023 05:01

It was because of Hatto that I bought these back in those days, when I had just begun dabbling with stocks. Alas, I took profits far too early and now hold a fraction of what I had back then. Story of my life.On a brighter note perhaps, the US have raised their debt ceiling. However, pretty much expected I think, so maybe already accounted for. Still stormy waters ahead for the financial world I fear.

[bracke] 24/5/2023 15:45

Although not selling at the price seen in recent times I seem to remember he still did very well.

[astorcourt] 24/5/2023 12:32

Back in the day,"Hatto" had a million of these at 10p, wow.

[bracke] 24/5/2023 11:58

The markets are in a 'tizzy' this morning for it seems a variety of reasons.

'Our Beloved' has filled a gap at 4799 YIPPEE!! but has opened one at 4919 BOO!!
It is also testing the Daily SMA200.

AHT DAILY

[bracke] 22/5/2023 15:56

Even if Biden and McCarthy reach an agreement on the debt ceiling there is no certainty that either house will agree it.

[fenners66] 20/5/2023 18:03

Less than 2 weeks before they run out of cash though...

[bracke] 20/5/2023 17:16

Good day disc0

It appears the optimistic talk about debt ceiling agreement was premature. I would use different terminology but there may be sensitive people reading this. The market took umbrage and dropped later on Friday.

Supposedly there are two weeks remaining to sort it out before (how should I put this) the unpleasant matter hits the fan. The concern is that as the clock counts down 'jitters' will increase with commensurate actions.

Of course it may all be settled early next week and we will all say 'I knew it would'.

[disc0dave45] 19/5/2023 19:29

Powell opened his gob again.Why is there no regulatory controls / body to ensure due diligence is carried out on the decisions being made by this guy?......and what he says!. IMO he's raised rates too high too quick, but wtfdik.

[disc0dave45] 19/5/2023 18:57

Should clarify - the comment was made in the context of the stock market in general, not a particular stock, think there was a typo.

[disc0dave45] 19/5/2023 18:31

Snippet from market news on the HL website:"Tickmill Group market analyst James Harte said: "Optimism over a potential US debt-ceiling deal is creating a positive backdrop for the stock which should move firmly higher if a deal is confirmed."

[disc0dave45] 19/5/2023 16:18

Thanks Mr bNot yet another gap to fill..........oh well, onwards and upwards (I hope).Not too certain there will be a pullback but wouldnt completely disagree with a guru :)Ps OT - yes AML massive debt and will need more cash, but clearly the Chinese won't say no to a takeaway...I meant takeover lol. There was decent upward momentum and can see why now. In the end put some begging money into a GAM fund specialising in luxury brands (has Ferrari in top 10), see how it goes as money will always spend money no matter what the peasants are doing.