bought a few of these a week or two ahead of their Interims - have moved up ever since :-)) but believe there is still some way to go yet - currently 31/33p they go xd on the 26th feb.

I see capital group are still adding - another 2.7 million shares - making 20 million in total or 6.15%



ains

Beware all investors, you know the history behind this company, management still in their jobs that nearly bought it to its knee's and they stll run the company. A fundamental for a long term investment is a strong management team, not something remotely applicable to ashtead unfortunately! You have been warned.

ehall, good note of caution with the AHT's management track record but at least they are addressing their previous short comings.

Share price has now broken through 30p with mid @ 32.25. It will be interesting how much further this will go.

There doesn't seem to be many followers on this board for AHT but this is turning out to be an excellent recovery stock after it has been through restructuring its finances, overcoming accounting irregularities and getting rid of 5 non-core businesses. Institutions that had previously reduced or sold their share holdings are now buying back in volume.

AHT's subsidiary Sunbelt Rentals are due $18Mln through winning a High Court action against H&E a competitor that had been poaching key staff and business. Although there is an appeal by H&E against the claim, the concensus is they are unlikely to win and cannot afford to settle so a strong posiblility Sunbelt will just buy H&E very cheap and thus will be effectively removing competition and gaining a significant increase in their share of business in the US market.

Now that AHT's share price has reached and broken through resistance levels of 32p, (prior to reported account irregularities in MAR03) IMO this now becomes the new support and the share should power up to test resistance perhaps to 50 - 55p before any retracement. In the mid - long term, providing the US economy continues to recover and the $ strengthens against the share price could be seen back up to 175p.

As always this is only my thoughts so DYOR but could be worth a buy and Multi-tex broker concensus is "Outperform".