> All the big AIM fraud exposés
> 300 articles and podcasts a month
> Hot share tips
> Original investigations by our experienced team
> No ads, no click-bait, no auto-play videos
By Malcolm Stacey | Thursday 10 November 2016
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Scotchers. Well, that was unexpected! I don’t mean that Donald is the next president. But the fact that one of my all time favourites, Ashtead (AHT) leapt ahead on the news.
As I write, this hirer-out of building plant and tools has put on 11% when most shares around it are falling on the Trump triumph. And that sort of daily rise for a giant company which is not even announcing new bumper figures, is as rare as budgie teeth.
One of the reasons for the bonanza is the bizarre one that the wall Trump said he will build across the Mexican border, will need building gear and tools. They will be forthcoming from suppliers of the American building trade. Step forward Ashtead, which has a massive market across the Pond.
Of course, the whole of Ashtead’s current good fortune cannot be ascribed to this Mexican edifice, which still beggars belief, anyway. No, the president elect has said that loads of government dollars are going to be spent on America's general infrastructure. Once again Ashtead fits the bill.
I was sorely tempted to sell my Ashtead holding on the news. After all, most massive political shifts seem to cause huge effects, but only for a few days. Remember how UK shares fell out the sky on the Brexit vote, yet were probing new highs within a few restorative days?
But then again why kill a goose which is laying golden eggs? There may be a small correction in the next few weeks after such a huge daily jump, but I reckon Ashtead will hang onto most of its shareholders for some time to come. So my holding is staying in my bag.
The debate over whether the Mexican wall will be built or whether it was just Donald having a joke won’t make much difference to Ashtead, anyway. But the bigger plan to boost America’s concrete work surely will.
And now it’s across to the Punter’s Return.
Never miss a story.
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments are turned off for this article.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen