If they reinstate the dividend then look for 25-30p IMO !

Well lets analyse things after today
.
1.The MMs dropped the price after reporting the 500K order.This actually was delayed with the price at 17.25/17.75 it went through at 17.5.Make yoour own mind up but was factored in already.This sent a shiver through the weaker hearted and we saw 2 X 100K+ sells and the price drop a penny.Prior to this we saw an MM buy.

My thought is that they did the classic tree shake to try and scare the punters out.It achieved just over 200K of sells.

2.The "rumour" is not a rumour.It was reported with the recent results.I copy below

A national meeting of UK managers was held in June, supported by a number of key
suppliers, to confirm the successful outcome of the banking discussions, to
share with them our strategy and business plan and to brief them on a
significant new incentive programme with a view to increasing market share. The
achievement of this goal has been enhanced by the impending announcement of a 3
year preferred supplier contract with one of the country's largest contractors.
The contract has a potential value of several million pounds per annum.


Since the beginning of June there has been a steady increase in the number and
value of rental contracts towards the level of early March.

3.We are now sitting at the conjuncture of a massive rise.Why ? Well resistance is at 18p.The Fibonnacci analysis says we are in the second wave and that if we break the resistance then 26p is the new level to be contended with.

4.In all the time that I have held AHT I have predominantly seen more sales than buys.These sales have then been subsequently soaked up by what seems large buys.So maybe we have a fairly easy run up to the next level.

5.About 1 and a 1/2 years ago a VC offered AHT approx 70p per share for the company.A VC always undervalues the company.

Now buy or hold but dont sell.I know a profit is a profit and all that but here are clear facts showing you the real value and direction of the share.

Good Luck

hmmmm
v interesting

Encouraging info for holders - Cover story on Shares mag: "Zero to Hero"
Shares mag has picked 10 Recovery Shares, no.6 was...
Ashtead Group (AHT)
I'm hold them, and looking for them to reach the 30p mark.

Dear,
fellow investors can anyone tell me what Shares Magazine said regarding Ashtead Group today 18/9/03

6) Ashtead Group (AHT)

Business: plant hire rental
Market capitalisation: 59 million
Losses last year
Prospective PE to Apr ’04: 11.3
Prospective PE to Apr ’05: 4.4
No dividend

A highly geared play with 500 million worth of plant hire business a year but debts of 578 million, or 360% of shareholders’ funds. The rapid acquisition programme in America has become partially derailed, but management seems to be getting operations there back on track, selling some offshoots, cleaning up the accounts and renegotiating banks loans. Chances are that the company will survive and prosper as the US economy is growing again.

I got shaken out for a loss earlier in the week and then foolishly bought back in a day later when the price rose again. From the information above perhaps I'll be lucky and get a profit from it anyway, but it was still foolish to dive back in like that.

Got a penny back on it since then and a bit more rise will put me in profit. Fingers crossed :-)

Doug

Looks like we are starting to get alot of interest.Keep an eye MDY as well.