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By Malcolm Stacey | Thursday 11 December 2014
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 Tweakers. I am a happy bunny at the mo – despite a turbulent week on the stock market. This is because a blue chip I quite often thrust under your nose has beaten even my high expectations and has rattled up another 10%.
Now this, you have to admit, chums, is pretty unusual for a Footsie giant. They can sometimes crash like a slate from a roof, but a hike of more than a few per cent is pretty rare.
This is why the more adventurous among us often prefer to put most of our gelt into cheaper shares – even penny stocks. Now, pennies can rattle ahead. Every few days at least one penny share will improve by 100% or more in a 24 hour period.
So my Footsie friend Ashtead (AHT), the tool hire outfit, does very well to put on 10% in a day. And as this family's holding is rather a large one, then this tidy success makes up for big disappointments over the last few weeks.
Why have Ashtead shares rocketed? Well, the company has improved its profits by a third on last time. That's the sort of result everyone dreams of.
Ashtead is taking advantage of two thrilling markets. One is the British home building sector. It's not really got going yet, but with the shortage of houses and the flood of immigrants coming in, the house builders of Britain will, in my view, soon see a boom in their share values.
Ashtead's other big advantage is that it does a lot of business across the Pond. And the American economy – at least as shown by the ever-rising Dow – is forging ahead. There are those that doubt the States is seeing anything other than an unhealthy bubble. But I'm not sure I see it that way. In fact, I don't.
So Ashtead is forging ahead. I bought some more shares in the enterprise a week ago and I may snaffle some more later on.
If I can tear myself away from the Punter's Return.
Malcolm Stacey has been writing about shares for more than 20 years. His first book "The Armchair Tycoon" was first published in 1998 but a revised 2014 e-version is now available. To obtain a FREE copy fill in the form HERE
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