Ashtead Share Discussion Threads

[disc0dave46] 07/3/2024 20:05

Thanks Mr b for your analysis.Trt is just a wind up merchant, nothing more.Can't take anyone seriously whose favourite line is "got to be in it to win it". Classic, is that one of Buffetts?.

[bracke] 07/3/2024 19:08

"25 to 1 against bracke geting a sensible answer from trt
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I am not expecting one.

Purely in the interest of fair play let us consider that trt is a closet chartist. I will attempt to consider his reasoning...yes he may have one so no booing and laughter.

Looking at the chart we see that the share price dropped from 5794 on 09 Aug 2023 to 4437 on 20 Nov 2023.

On 01 Mar 2024 it reached 5786 i.e.8 points lower than the previous 5794 major high. From where it has dropped to 5054 today (07 Mar 2024). Without going into a lengthy description of price action between the Aug/Nov and Mar/Mar comparison I draw attention to the S/R zones.

The share price needs to break and hold above the 61.8% Fib at 5276 to indicate buyers moving back in. If the share price drops and closes below the 50% Fib at 5116 it will indicate sellers still in control.

trt I do hope I have understood your reasoning although I think you are 'front running' too far at this stage of the price action. Perhaps 4950 would have been a more prudent consideration with the possibility of 4750 if 4950 fails to hold.


AHT DAILY

[perfido] 07/3/2024 18:04

Lol! I'm prepared to open a book on this -
- 25 to 1 against bracke geting a sensible answer from trt

St Jude, patron saint of lost causes might be trt’s last resort ?

.

[bracke] 07/3/2024 16:54

Good day trt

"£45 looking likely now."
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If it is you should be suggesting £44 that's where the support would be if £45 was reached.

[perfido] 07/3/2024 15:39

Hi Disco,

You're right.

More like mice 46, trt 0 including todays feeble utterance

Get a life trt!!

P.S. 'trt' In all sincerity take a tip - Better to remain silent and be thought a fool than to post rubbish and remove all doubt - with apologies to Mark Twain
.

[trt] 07/3/2024 15:07

£45 looking likely now.

[disc0dave46] 07/3/2024 13:33

Good day Mr bRe that Prechter video, mmmm, interesting but will admit I sort of switched off after about 21 minutes when he predicted based on operating cycles that we could get a crash this year similar to 2020 (Covid induced crash which according to stats now has a 2% probability of occurring again). Can't see that tbh. He's predicting a 30% market reversion this year and again I can't see that happening - TA aside what could realistically happen on a macro perspective to cause that?, inflation going back up?, possibly but the odds seem stacked up against that, WW3?, again not unrealistic but not too likely either (my glass half full thinking!).Whilst he called the 1987 market crash (Black Friday), did he call correctly: 1989 Friday 13th, early 1990 crash, dot com 2000, financial 2008, Covid 2020?.

[disc0dave46] 06/3/2024 23:40

Think the mouse is up a lot more than that!.

[perfido] 06/3/2024 18:17

casket1

Good point. To my recollection trt has never posted anything of value.

I think he is working on the the basis 'even a blind cat catches a mouse sometimes'

To date, mouse +6 v trt +0

lol!

.

[casket1] 06/3/2024 17:26

Just out of curiosity, are you bullish on any shares, as you always state the same thing every time you post. "Could see this drop below......" it's never up is it

[trt] 06/3/2024 17:09

Effectively a profit warning yesterday and they normally come in three's so two more to come share price likely to be touching £40 ish by then.

[perfido] 06/3/2024 16:46

Or a great buying opportunity ? 😊

NAI
..

[luderitz] 06/3/2024 16:24

Blimey what a dive in share price

[disc0dave46] 06/3/2024 10:53

Good morning Mr bWill take a look at that ytube vid when get the chance. Thanks.

[disc0dave46] 06/3/2024 10:52

For what it's worth, Hargreaves Lansdown's opinion:Markets had already been warned to expect a growth slowdown, but third-quarter results still came in slightly worse than expected. Fewer natural disasters and the writers' and actors' strikes lasting longer than expected have dampened demand for the construction and industrial equipment it rents out, especially in North America.Medium term guidance was a little cautious, especially on the capital expenditure side which points to a c.25% reduction in investment compared to group estimates for the current year.Markets may not have reacted well, but it's worth keeping things in context.Recent performance has been at record levels and even the previously lowered guidance still points to double digit top line growth. We're fairly optimistic that the events that caused the downgrade are likely to be one-offs and the impacts should be contained to the current financial year.North America remains the real growth opportunity for Ashtead, and over the medium term, we still think the outlook is promising. There are several growth drivers here, including the onshoring of supply chains to government legislation looking to expand infrastructure and chip manufacturing.Ashtead's scale and expertise are proving valuable, and the group's taking around 30% market share of these mega projects in the US. The bigger players have an advantage in the fragmented industry, and the balance sheet's being flexed to snap up smaller players in the space.Growing the speciality business is also a key strategy (things like scaffolding, flooring and air conditioning). These businesses present a varied income stream for Ashtead which should help provide a little more resilience during downturns.But, in the end, construction is a cyclical business. Demand tends to ebb and flow alongside economic conditions. In the key US market, the chance of lower economic output remains a risk - even if there's not technically a recession in the region.Debt has risen as investment in expansion continues, but the balance sheet is in reasonable health and means the group can invest to meet the extra demand - opening new stores, expanding its rental fleet and pursuing its strategy of bolt-on acquisitions, where appropriate, too.Longer term, we're supportive of the sector with several structural tailwinds underway and we prefer larger-scale names like Ashtead. We continue to expect growth in the top and bottom lines, and still see some upside to the current valuation. But despite some softer growth, recent valuation moves have been positive, increasing the chances of poor reactions to missteps.

[bigbigdave] 06/3/2024 07:16

GOLDMAN RAISES ASHTEAD GROUP PRICE TARGET TO 6750 (6550) PENCE - 'BUY'

[bracke] 05/3/2024 19:11

Good day fenners

"So the first disclosable short position for 2 years was taken out just prior to results..."
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Coincidence or excellent trading.

Good day disc0

So it was excellent trading.

"What’s that thing that comes in three’s?…don’t mean the buses either!."
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Omne trium perfectum.


A lot of AHT selling today

And to end an imperfect day I was watching this which some may find of use or at least of some interest.

[disc0dave46] 05/3/2024 19:08

Folks across the pond selling off pre JP's speech.URI down 4.6% on no diss appointing news!.

[disc0dave46] 05/3/2024 18:43

Good evening Mr bNo real surprise about the short position opening prior to results. It was overbought and generally sells off plus the overhang from the strike was well documented IMO.What's that thing that comes in three's?...don't mean the buses either!.

[fenners66] 05/3/2024 17:28

So the first disclosable short position for 2 years was taken out just prior to results...

[bracke] 05/3/2024 16:37

This is interesting. Look at the date.

[fenners66] 05/3/2024 14:10

Did I mention volatility in the share price a week or more ago...?

[riley109] 05/3/2024 12:56

The best thing they can do is get rid of the Actors and writers for a start,they will be nothing but trouble involvement in the entertainment side will be more bother than it's worth and the weather is also unpredictable,stick with what you know.I'll bet URI have steered well clear than to rely on reasons like that to affect profit.

[bracke] 05/3/2024 12:55

The price action in the three days before today is interesting. Particularly on the Thursday when there was large buying volume presumably in expectation of 'good things'. Those buyers are 'trapped'; sell at a loss or wait for the share price to recover.

RSI had it correct....again.

Two gaps to the downside filled but one to the upside opened. The share price dropped back well into the 'Big Wedge' but has risen to the top of the wedge

AHT DAILY