Ashtead has been a very good recovery stock.One to watch leading up to results 13th December and beyond.

Afternoon Paleman, had a good run with these last year and I believe we'll see another run in the next 6 months. Holding at 130 for me.

With respect to shares mag, always find it best to sit and wait, have got stung diving in with their recomendations eg SEY springs readily to mind. AHT should hold steady from here.

Main concern is debt (which is reducing) and exchange rate, which will probably go against AHT for the medium term, but not long term I hope.

hi steveo???????????????one -$--two--last year one$-1.5 ??????????????????

exactly, most of their revenue is in US dollars which are worth less than last year, however, in time UK rates may well have to drop , this will devalue relative to $, and therefore increase AHT profit, of course also depends on how far dollar depreciates with further fed rate cuts.

This has seen a steady rise so far this week and today seems to be no exception atm, long may it continue. Hope I haven't put the KOD on it now. Good luck all.
2517

Hi Steveo .......................... Did you take any profit out of AHT today ... during the fantastic rise?

All the best
Amar

unfortunately no as was too busy in my other day job, then was stuck in traffic all afternoon trying to et to cardiff on M4. Hering how caterpillars results were in press this am actually thought AHT might get a hit, so very surprised.

someone buillding a stake, T/O maybe, any ideas out there for the rise?

Could someone tell AHT SP that it's going in the wrong direction please.

According to my broker who had a chat with company secretary, AHT debt is long term and does not need to be renegotiated until 2011, is therefore at good price.

Utilisation of new acquisition is now at 70% up from only 55% when purchased.

Economic slow down in US will benefit AHT as constructors will reduce spend on new equipment and opt to hire it instead.

There is also possibility that AHT will sell uk plant hire A-plant, this will obviously benefit balance sheet immensely.

For these reasons I am sticking and will add if there is any further weakness.

Darradev
There you are, its moving up - someone took note lol
Dave

Dave :-)


Now will someone please ask GOO and MNT management to pull the finger out......

What are the prospects for a turnaround here? The chart certainly tells a sad story,but it must all rest on an upturn in US housing ,which doesn,t look to be coming any time soon

From The Times, 21 Nov:

Rumour of the day

Data released early by the American Institute of Architects showed that construction demand had picked up in October from the previous month, thanks to stronger demand for schools and hospitals. ABN Amro believes that the price of Ashtead, the construction equipment hirer, off p to 81p, is wrongly factoring in a US construction crash.

If you can catch this one at the right time ,it could be a big winner.
At the beginning of 2004,it went from below 20 to 240 in early 2006.
However,might be a while before it touches bottom.

Todays excellent results suggest that activity in the commercial construction sector is still strong perhaps the so called economists have got it wrong and fail to see the underlying strength of the US economy.

The devaluation of the dollar "may" have stimulated their economy judging by employment figures etc.

HI FRED I THOUGHT THAT WAS THE IDEA???MAKE THE REST OF US PAY FOR THEIR WAY OF LIFE/

another tough day in AHT land today. unless the Dow recovers the shorters may take hold again. a difficult long to hold at the moment but i reckon this will be a lot higher in the spring.

Be careful, telegraph recommended selling in the short to medium term, as they don't believe that company will be able to keep up level of contracts as US budget shrinks, there are concerns over its debt of 900 million and market cap of 400million, understandably so, However US may need to spend on projects such as deteriorating infrastructure soon to boost jobs and stop the US infrastructure falling apart like certain bridges, so outlook isn't as bad as they say in my opinion.

Waiting and watching first before committing further, at some point this will be a very attractive stock but market certainly doesn't like it at the moment

hi steveo I READ THE SAME STORIES IN THE AMERICAN PRESS//so doing as yourself/