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Ashtead loves up mega projects in the US of A. If it loves the concept so much, it should drop the FTSE 100 and list there…

By Chris Bailey | Tuesday 13 June 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.


A little bit over three years ago, I observed that Ashtead Group (AHT) is “still a geared play on US economy Inc”. And because I am only smart enough to follow some of my own insights, I failed to capture the rise from the sub twenty quid share price then to about a 5400p level today. Naturally though, the share price has been somewhat more volatile over the last eighteen months as the Federal Reserve raised interest rates and the average American economic thinker has had to worry about the impact of this.

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