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There seems to be some weakness in the share price at the moment relative to the market in general and no news. Down today over 2.6% whereas footsie is pretty much even Steven?
Any companies that have exposure to an increase in inflation and interest rates, particularly in the US are getting hammered. The Nasdaq is down approx 8% in a week.
As Nick says it's all about inflation and the expected interest rate rises in the U.S.
The Nasdaq was down over 2.7% at its lowest today but has finished slightly up. I would expect AHT to be up in the morning.
Not getting any better, down another 4% plus as I type
BIden bungled build back better.
Interest rate rises worrying investors.
But we should still see growth so recovery overdue.
I think we should also recognise that the stock may have got ahead of itself at £64. Even at today's price, it's valued at 30x which doesn't feel especially cheap. I could see this going back to the £40s.
Yeah agreed after a good run I got most of my holding out at 6100 and 5700. Will look to get back in when the dust settles
Dumped half yesterday while still in profit. I don't see the USA as having the stability it had a few years back, it's a global problem. Investors are heading for the hills. NFTs anyone? Seriously?
Frankly I’ve had enough, losses most days on everything I hold, hard to stomach when it’s like this only a handful of shares seem to be doing well oil stocks in particular but even they are going backwards in the last 2 days
Doesn’t look like it’s shorted from this https://uk.advfn.com/toplists/free/most_shorted
It’s a bloodbath but not just for AHT. My portfolio looks pretty sick. Sold my last AHT first thing and have some cash waiting for a home. Mustn’t rush in too soon..
AllatSea- It's not too late to buy back in with minimal loss, this short term loss was related to covid economics and Ukraine conflict,also Stock Market swings, as you know, but if you take a 3-5 year view it's a great share; I bought at about £21 -30 drip feeding, based on a Warren Buffet recommendation, and his mantra was, and is, if an equity has good fundamentals when you buy, then you should ride the ups and downs, which will rise and fall parallel with the market, but the rises will outperform the falls ie stick with it, perhaps sell 10% when very high, buy again at the dips. Buffet also advised buying a business you could understand ie manufacturing of essential items-ie consumer staples, services, cleaning materials, not obscure conceptual companies selling something one cannot fully understand eg Arts, entertainment and recreation, rental and leasing,, Finance and insurance, Professional, scientific and technical services. Less than £50 would be good buying opportunity I reckon......
I cannot fathom what's going on here. AHT is usually such a star performer. It's main competitor URI is up16% over the last 3 months whereas we had excellent results and are down about 5%
Is it to buy or not to buy at this price? 4781?
Thank you for comment
Why the drop? rising fuel and labour costs, shortages of plant and spares?
Any ideas?
"Why the drop? rising fuel and labour costs, shortages of plant and spares? Any ideas?"
I'm not aware of any AHT specific news but with a PE ratio of c.29 at the current price, a sub 1% yield, quite a lot of debt and rising interest rates, a war underway in Europe and the US infrastructure investment picture less certain (than it was some time ago) I'd say it's a combination of factors reducing confidence in the stock market generally and AHT specifically.
I still have a holding because taking a long term view, they still have a huge amount of possible market share to capture and the company has proven it can expand profitably.