Member Info for mick-b

Thanks for your reply Vig. BUT URI was already down to 57 when we closed at 16-30. URI finished at 56.84....so little further slippage. The downgrading to underperform by Credit Suisse with the target price reduced from 1300p to 770p could be the reason for the large markdown of the opening price of 826.p Cheers..

How DID you do that? Gapped down.....opened at 826.5 ...as requested. Are you a market maker..... Any reasons...as URI is OK.

The reason ??? Charles Huggins, investment analyst at Hargreaves Lansdown, said the capex reduction could be seen as painting a negative picture of the US economy, where the group derives most of its profits. 'Ashtead generates the bulk of its profit in US non-residential construction markets where conditions remain favourable - for now. However, the market is clearly worried about a potential US slowdown. Ashtead's plans to cut back capital expenditure and reduce leverage are sensible in this context, but do little to allay investors' concerns of tougher times ahead," he said. Thanks V for your daily bullet point reports which I always read. cheers...

Just been tipped by Simon Thompson of the IC...

BlueDealer, Thanks for the link. Unfortunately not ALL the Tanzania off-shore assets were sold off. Cheers

You do know that they sold their Tanzania assets last year for $673m !!! UNLESS the I.C. is making it up. OR am I missing something. Please enlighten me. Thanks