Ashtead Share Discussion Threads

[disc0dave46] 18/1/2024 12:33

Welcome and good luck MC.Div yield only circa 1.6%-1.8% and interim div ex day was last week the 11th at 15.75cents.Seems like there's been a seller in the background since the start of 2024 and the share price has dropped about 13% (excluding todays action) based on the bid price (which is what I look at as a holder).Forward PE is 13.8 and below the 10 year average of 15.1 (so undervalued IMO). Based on current fundamentals I've pencilled in a fairly conservative target price of £55 - £60 for FY25. So not a multibagger but decent return should be forthcoming (we hope!).If you want to trade then would definitely follow and take on board what the resident TA guru posts, bracke, his tea leaf interpretation is second to none! (only joshing Mr b).

[bracke] 18/1/2024 12:07

Good day disc0

Today the market thinks the negative was a little overdone so lets take it up a little.

As I type AHT share price is heading up to fill the gap at 4868.

I hope the hound is not over indulging on the MacD's. Best give him some veg with the burgers. Plenty of strays about...Christmas clear out.

A couple of the FED members talking today; could be some further volatility.

[mcunliffe1] 18/1/2024 12:03

Good afternoon Messrs D and B and others.

Thought I'd have a look at what is being discussed on the Ashtead thread that has some activity.

I've watched the share price of Ashtead for a while. A mate of mine works for them - has for some years now. The recent share price drop seemed over-egged to me so I jumped in this moring and bought 103 shares at £48.13 avg incl. my deal charge and s. duty.

I was hoping to make a quick buck in a boring market and those 103 shares are currently showing I'm in profit by £39. Hardly enough for a decent meal but it would get me a Maccy D's - and I've no dog sharing some of it.

What can you guys tell me? Divi dates/amounts?

I'm tempted to jump ship at about the £250 profit mark. The yield is not as good as I'd like. I hold LGEN PHNX BATS RECI and TFIF amongst others for the div.

Thanks in advance.

[disc0dave46] 17/1/2024 19:41

Good evening Mr bIndeed, indeed.The hound is back on to left over MacD's again, plus I've picked up another stray to keep him company.

[bracke] 17/1/2024 19:10

Good day disc0

It's as good a reason as any for some volatility.

[disc0dave46] 17/1/2024 18:44

Thanks Mr b

Did chuckle at today’s market reaction, only a miss by 0.1% and timberrrr!. No economist but would guess the dogs dinner that inflation generally rises in December. Also ironic that the miss to forecast was due to tobacco and alcohol duties/tax, imposed by the government, doh!.

[trt] 17/1/2024 14:57

If it drops below £45 we could easily see £40.

[bracke] 17/1/2024 14:27

Not a pretty picture (chart)

This morning the share price gapped down from 4868 and the US futures market is currently down courtesy of:

'Fed Governor Christopher Waller has said that there was no rush for the world's most influential central bank to begin slashing interest rates down from more than two-decade highs, pouring more cold water on already waning hopes that policymakers could start to lower borrowing costs early this year.'

On the chart I have added a dashed red line at 4653 which has been a previous support zone.
In addition the share price has fallen below the long term rising trend line.

AHT DAILY

[trt] 17/1/2024 08:06

Heading towards £45 level again.

[bracke] 16/1/2024 18:28

disc0

Inflation, hard landing, election, and last but not least Trump.

I suppose he could ditch 2% or more likely go for '2% average in the longer term', after all he did a 180degree turn with 'transitory'.

[disc0dave46] 16/1/2024 15:51

Thanks Mr bPoor Mr P is caught between a rock and a hard place, doesn't know if he's coming or going, bless.In fairness he's got more than the inflation plate to keep spinning. but even so his U turns are becoming as frequent as our politicians.

[bracke] 16/1/2024 14:58

Good day disc0

I think you will like this article or more to the point what it suggests!

[bracke] 15/1/2024 17:36

Good day disc0

"Without our cousins holding our hands today we seem directionless :("
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Par for the course.



I note the pesky Houthi have fired a missile and hit a US owned ship today, very naughty. I Presume the US will 'clobber' them for being so impertinent.

Almost as if the Houthi want the US to bomb them in order to draw in others. Where does it end?

[disc0dave46] 15/1/2024 15:25

Good day Mr bThanks for info.Without our cousins holding our hands today we seem directionless :(

[disc0dave46] 11/1/2024 19:55

Good evening Mr bYep the usual games.Core inflation did drop, okay not as much as forecast, but your talking tenths of error - no way can forecasts of such complexity and variability be predicted accurately anywsy. But everyone appears fixated.

[bracke] 11/1/2024 19:22

Good day disc0

All part of 'market games'.

[disc0dave46] 11/1/2024 18:03

So US inflation 3.4% v 3.2% forecast. A 0.2% miss and any excuse to shake trees even though it was forecast to increase from Novembers number.

[bracke] 11/1/2024 14:38

Good day fenners

"North Carolina and New Hampshire under water after storms - have Sunbelt got depots there to help ?"
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Maybe but are they under water as well?

[fenners66] 11/1/2024 11:20

North Carolina and New Hampshire under water after storms - have Sunbelt got depots there to help ?

[perfido] 11/1/2024 07:25

Posted in error, removed
.

[bracke] 10/1/2024 17:47

Good day disc0

Yes.

[disc0dave46] 10/1/2024 13:30

Good day Mr b. Can't access the news on that link.Was it?:Bank of America cuts Ashtead Group to 'neutral' (buy) - price target 5,300 (6,000) pence

[bracke] 09/1/2024 18:05

Good day fenners

You will have noticed your pet hate occurred after the close at 16.30. The share price dropped.

Looking at the LSE data it is noticeable that there were a number of off book trades declared after the close. They may not have occurred after the close but were reported after the close.

I read recently that the algos will take advantage of the share price in the final second of the trading period.

AHT 1 MINUTE

[trt] 09/1/2024 16:56

£45 level looking more likely by the day.