Ashtead Share Discussion Threads

[disc0dave46] 28/2/2024 15:28

Good day PerfidoOpportunities abound in the UK market atm. PE buying up businesses suggests there is significant value, guess they wouldn't be buying if they felt the market was destined to fall too much further.Tbh not over thinking (don't think I am! lol), just waiting and watching.....and dripping money back in when decent opportunities arise.I see DLG another one to possibly go to overseas buyers......and Hunt wants Shein to list here, talk about ESG hypocrisy!.Hope all is well.

[perfido] 27/2/2024 16:54

Guys

“A bear market reaching all time highs and entering a bull phase?” ... really?

Can't help feeling there is a danger of over thinking this

Can I recommend the old traditional approach as an alternative:

- assess opportunity, invest, hold, hold longer, hold longer still, and take profits

Works for me :-)
.

[disc0dave46] 27/2/2024 14:24

Good day Mr b"A bear market reaching all time highs and entering a bull phase?"The bear market has to end at some point, cutting interest rates this year surely must (IMVHO) provide the impetus for a period of bullishness in equities?.Have a good one......as we all wait for the US data this Thursday.

[bracke] 26/2/2024 13:50

Good day disc0

A bear market reaching all time highs and entering a bull phase?

If that is the situation and bearing in mind the PE ratios you quote we are in for a big rise. Prior to the take off to the land of milk and honey (for some) a retrace/pullback would be 'the done thing'; 10% would not be excessive.

Now that the Nvidia dust is settling attention will be turning to the inflation data this week. The US market is a fickle entity it will be interesting to see its reaction to the data.

I saw an article today which I thought interesting from a TA perspective. I will be monitoring the three indicators it mentions and the results.

[disc0dave46] 25/2/2024 20:08

Good day Mr bExcluding TSLA the magnificent seven don't actually look that expensive when you take on board the phenomenal compound growth rates and profitability over many years. They clearly skew the S&P500 given they represent over 30% of the weighting. From what I've looked at the S&P PE ratio peaked at in excess of 132x in 2009, The last ten year average is 32x and is currently about 23x. Is it too hot?, guess time will tell but personally I don't think so, especially as we surely must now be closer to the end of this bear market and entering a bull phase. As for the UK!, post 2016 it's faltered in comparison to other European indices, perhaps a post Brexit de-rating that may take years to normalise, or the substantial overseas M&A activity will in itself open folks eyes to the extraordinary value atm and drive values back up?. Interesting times.

[bracke] 23/2/2024 13:01

Good day disc0

The concern with the US market is that at some point it will break and how 'bloody' will it be. A lot is resting on AI. In the meantime we trade/invest what we see.

AHT share price reached the top on the big wedge AND exactly the last major high at 5562 where it was resisted and then retraced. If there is sufficient buying power it is likely to move back up towards 5562 and then gap or zoom through. If buyers are reluctant then the share price is likely to drop back to fill the gap at 5382 and look for support at the 5378 FIB.

AHT DAILY

[disc0dave46] 23/2/2024 11:00

Good day Mr bThey will probably just ignore JP and match on.....the complete opposite of the UK. PMI cooler and the market is pants, the US hotter and up she goes.

[bracke] 22/2/2024 14:20

Yesterday and today all eyes were on Nvidia, little attention was paid to the FOMC Minutes. 'Cold Water' was poured on the thought of an early rate reduction. Once the Nvidia situation calms down will the market ignore the FED and continue with more buying?

[palwing32] 22/2/2024 12:54

Thanks Bracke, appreciated. Will the share price stay within the wedge or break through?...History suggests the former, although you mentioned it could break either way before getting to the end. Oh, to have a crystal ball. Thanks again and regards.

[bracke] 22/2/2024 11:33

Good day palwing

Not yet at the top of the big wedge on my chart, you may have yours drawn differently. It needs to get to 5550 to reach the top and after that break above the last major high at 5562. The gap hunters will have seen the gap up this morning from 5382 remains unfilled.

AHT DAILY

[palwing32] 22/2/2024 09:36

Touching the top of the big wedge....where next?

[fenners66] 21/2/2024 14:36

Luxary US housebuilder says order book rose 40% and share price has hit a record high results and forecast beat.

I know AHT are not focussed on supporting housebuilding but with new houses comes infrastructure and some plant hire so it adds to the sentiment.

[disc0dave46] 19/2/2024 13:38

FED minutes I believe are this week - will be interesting to state the obvious!.

[fenners66] 16/2/2024 17:52

What was I saying about volatile ?

[disc0dave46] 16/2/2024 16:51

Good afternoon Mr bIt was perky today, even after the US's slightly bearish opening (note it's recovering as i type)."Earnings and Revenue are due on 05 March. Perhaps they will help to decide on the share price direction."Without doubt :)

[bracke] 16/2/2024 16:32

The share price has broken up out of the Little Wedge to resistance at 5378. This is the fourth occasion it has been resisted at this level. It has also filled the gap at 5278.

Earnings and Revenue are due on 05 March. Perhaps they will help to decide on the share price direction.


AHT DAILY

[disc0dave46] 15/2/2024 14:42

Good day Mr bThanks, those pesky gaps.US retail sales down 0.8% v 0.1% forecast.US jobless claims 212k v 220k forecast.Perhaps Mr P is suffering from the same alleged problems that Mr Bailey is experiencing - the latter has now blamed poor jobs data for the BoE forecasting errors!. A bad workman always blames his tools leaps to the forefront of my mind!....numpty.Have a good day.

[bracke] 15/2/2024 13:24

Good day disc0

It will be interesting to see if the US data today confirms the US inflation data or not. In the meantime the UK enters a 'technical recession' but no rate cuts until inflation is at 2%....isn't it?

AHT share price remains within the horizontal range and remains within the small wedge. I have added two gaps at 5170 and 5278.

AHT DAILY

[disc0dave46] 14/2/2024 18:43

Good evening Mr bMeant to post yesterday to thank you for your pretty chart yesterday :)Who'd have thought the US inflation was hotter and the UK was cooler than forecasts. Would still put money on the US cutting before the UK......but Bailey will simply follow anyway, probably the day after! lol

[disc0dave46] 14/2/2024 11:31

Hi PerfidoThey seem to be there now, I'm assuming on the back of your query?.I've noticed for some time my RNS email alerts have not been working but I also use ResearchTree as my back up (lots of other sites offer similar notifications).

[perfido] 14/2/2024 11:03

With further research, I have found that other than buybacks, the following RNS is also missing:

31/01/24 RNS: NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE -INTERIM DIVIDEND

I tried phoning ADVFN support, but got 'there is nobody available to take your call' message.
.

[perfido] 14/2/2024 10:55

Is it just me?

Although the AHT daily share buyback operation continues, the usual RNS messages are not appearing in the ADVFN News section of this board.

Is this a cunning plan to avoid agitating the 'anti-buyback' lobby ?
.

[bracke] 13/2/2024 14:15

SP supported exactly where expected.

AHT DAILY



US Futures have not taken kindly to the inflation data. The Futures take it down will the Cash take it up as usual?

[disc0dave46] 13/2/2024 13:38

US inflation coming in slightly hotter than forecast.

[fenners66] 13/2/2024 12:41

This share is becoming so volatile !

Reaches 5300 for a bit then any excuse and someone is selling down again...

No doubt somebody is making a packet trading this ....