Ashtead Share Discussion Threads

[demo trader] 16/6/2023 14:57

bracke-

Guidance. Also tracks FT/Indices.

Voda was a buy even at 385p, way back.........and RBS, BARC, LLOYDS etc.

[disc0dave45] 16/6/2023 13:46

Good day Mr bThanks for the link."Was the lady in question suggesting that interest rates should increase before the BoE did so? "Don't know, but her inference now is that if they do raise again then inflation will ultimately go below their 2% target.

[bracke] 16/6/2023 13:04

Good day demo

I presume J P Morgan don't give an attainment date for their forecast. Brokers never do. Maybe next year...maybe.

[demo trader] 16/6/2023 12:41

JP Morgan raises to o/weight for 6700p

[bracke] 16/6/2023 12:38

Good day fenners

It may be that the blip was to do with OPEX which occurs today.


Good day disc0

If you google 'blackrock holdings' there are a number of sites with information here is a link to one of them:


The Bank of England (and other Central Banks) do not have a good record of assessing the future. Was the lady in question suggesting that interest rates should increase before the BoE did so?

I'm still going with transitory i.e. not permanent.

[disc0dave45] 16/6/2023 09:27

Mr bThis article is spot on IMO, particularly this comment from a very wise but ignored member of the BoE's MPC:"the Bank's job to set interest rates based on what will happen in the future – and not what is happening right now."Https://www.thisismoney.co.uk/money/comment/article-12199681/MAGGIE-PAGANO-Bank-England-wary-rate-rises.html

[disc0dave45] 15/6/2023 18:15

Good day Mr bRe Blackrock - could be. Fink has been very vocal about the cracks appearing in the US banking system due to interest rate rises and the fact smaller banks don't have to comply to the same regs in terms of capital on their BS. Even prior to the 12 muppets making their decision this week he said two more increases are likely.Do you know if there's a site that lists holdings trades by say Blackrock?Will see if investigate by word "Blackrock" picks up all their holdings RNS's.Have a good one.

[fenners66] 15/6/2023 18:14

Evening bracke ...I don't care , you know I can moan about anything !

but seriously that jump at the end had me wondering if I had missed a rumour or some news , only when looking at the trades I thought , oh its maybe just a blip

[bracke] 15/6/2023 17:26

Good day disc0

Ref Blackrock reduction.

Given that UK inflation is proving hard to reduce and rate increases are the order of the day perhaps Blackrock see the UK market taking a hit.

Good day fenners

You normally complain about the blips down will you be registering a complaint about an up blip?

AHT DAILY

The gaps at 5286 and 5412 filled. MACD and RSI s t r e t c h e d.

[fenners66] 15/6/2023 16:56

The UT trade at the end so out of kilter with the rest , a blip ?
Or something else impacting the price ?

[disc0dave45] 14/6/2023 22:51

Good evening Mr bThe damage is already done!As an aside, I've noticed strangely that Blackrock on the 12th reduced their holdings in 12 UK companies that are on my watch list (of a fashion).....FTSE350 and in different sectors, are they concerned about the US banking system and battening down the hatches or is it normal day-to-day rebalancing and I've just not noticed before?, just seemed odd.

[bracke] 14/6/2023 19:32

Good day disc0

The FOMC delivered as you requested so no more complaining.

[fenners66] 13/6/2023 20:27

Update URI now up 6% and H&E up 2.5%

So glad AHT were able to help...

[disc0dave45] 13/6/2023 17:16

Mr bAgree.It's all guesswork and nobody is challenging what they are doing, crazy IMO.Given the AHT results weren't knocking the lights out, and with no ahead of expectations for FY24, then ending flat in this market isn't bad going IMO.Anyway, time for a nice cool drink or two.

[bracke] 13/6/2023 17:04

disc0

I did note 'Why does the Federal Reserve aim for inflation of 2 percent over the longer run?'. So as long as CPI inches down that should satisfy bearing in mind the 'longer run'.

Perhaps we think of economic control as a science when it isn't, or if it is, it isn't managed very well.

I still think of "transitory" and how staggeringly wrong that was.

The view about Central Banks is that they are slow to react and then over react.

[fenners66] 13/6/2023 17:01

Good to see AHT results were well received.
URI up 3.8%
H&E up 2% ...

[disc0dave45] 13/6/2023 16:27

Thanks Mr bI get it, just don't agree with the incessant rises without much allowance (it's a finger in the air job) for lag or IMO that inflation was not due to demand issues, but supply constraints. The 2% target as I've said previously should not be set in stone but the FED and BOE are obsessed with it at all costs.Looks like the UK market is not impressed (our cousins seem happy) and I guess it's because the UK employment data will probably mean another muppet this side of the pond will increase rates yet again.Moan over!

[bracke] 13/6/2023 16:11

disc0

The first link below gives reason for 2%. The second shows how the CPI has declined.

Given that the data today came in at the expected level it is likely that the FED will vote to hold the current rate.

CPI is now at 4% so a pause gives time for the rate to drop further without a rate increase. Provided the CPI continues to edge down no further increase required but if it sticks or goes up, a little more 'medicine' will have to be taken.

[bracke] 13/6/2023 14:31

Good day disc0

I think you unfairly put all the blame for interest increases on to Mr Powell.

The FOMC is comprised of 12 voting members. If you click on the link below and scroll down a little you will see a record of the FOMC Meetings and the result of the votes.
There has been a unanimous decision on the previous 7 votes.

OK Mr Powell is the Chairman and takes most of the flak but the other voting members are equally to blame.

Please spare a kind thought for Mr Powell in these difficult times.

[fenners66] 13/6/2023 09:32

Market disappointed?

[fenners66] 13/6/2023 07:25

At last some meaningful dividend increase :

the Board is recommending a final dividend of 85.0c per share (2022: 67.5c) making 100.0c for the year (2022: 80.0c), an increase of 25%. If approved at the forthcoming Annual General Meeting, the final dividend will be paid on 12 September 2023 to shareholders on the register on 11 August 2023.

[disc0dave45] 13/6/2023 07:20

Not as good as I'd expected, still very good results given the macros and a beat on consensus forecasts (Rev and adj pbt). Also looks like their Rev guidance (+13% to +16%) is conservative given their outlook:"We enter the final year of Sunbelt 3.0 with clear momentum in strong end markets, which are enhanced by the increasing number of mega projects and recent US legislative acts. We are in a position of strength, with the operational flexibility and financial capacity to capitalise on the opportunities arising from these strong markets and ongoing structural change. The Board looks to the future with confidence."

[disc0dave45] 12/6/2023 18:42

Good evening Mr bThanks for your lovely chart :)"Your £60 target might be considered 'restrained'. I would expect you to be eyeing up a new All Time High!"Was being optimistic based on adj eps of 420c and forecast forward PE of 17.5. My gut is saying that with inflation ratings will surely need adjust to the downside as well so somehow think £65 is unrealistic but then who knows.Good fortune to holders for tomorrow. Oh and please Mr Powell, STOP increasing rates you muppet, your 2% target SHOULD NOT be at all costs ffs.

[bracke] 12/6/2023 13:57

Good day disc0

As is usually the situation I expect the market will be looking at what AHT is forecasting given the FED's continuing attempts to rein in inflation and the likely affects on the business.

Your £60 target might be considered 'restrained'. I would expect you to be eyeing up a new All Time High! I appreciate £60 was the last major high but there are the gaps at 5736 and 5830 to be dealt with first.

You will observe I have added four vertical lines indicating recent share price highs and two horizontal lines indicating MACD and RSI highs to the chart. This is in keeping with the Guru High Council stating that " two lines good, four lines or more better".

AHT DAILY