Ashtead Share Discussion Threads

[villyvilson] 16/6/2015 10:34

Thank goodness the results beat expectations!

What would the price be otherwise?

[fenners66] 16/6/2015 10:10

Such contrast. Aht great results share price goes down. Whereas berkley house builder rises because Crest Nicholsons results are good. Oh well least I'm diversified.

[mike740] 16/6/2015 10:00

16 Jun 2015 Ashtead Group PLC AHT Investec Buy 1,099.50 1,134.00 1,500.00 1,500.00 Reiterates

SP Target 1500p.

[bigboots] 16/6/2015 09:21

Stunning set of results

[mike740] 16/6/2015 09:17

StockMarketWire.com
Ashtead posts record underlying pre-tax profits of £489.6m for the year to the end of April - up 35% at constant exchange rates.

Rental revenues rose by 24% to £1,837.6m and EBITDA increased by 32% to £1,837.6m.

On a statutory basis, pre-tax profits were up 33% at £473.8m.

Chief executive Geoff Drabble said: "2014/15 was another very successful year for Ashtead. The consistent execution of our well-established strategy focused on organic growth supplemented by bolt-on acquisitions has delivered both excellent financial results and significantly enhanced our geographic footprint and the breadth of the markets we serve.

"Our financial performance speaks for itself with Sunbelt and A-Plant achieving rental revenue growth of 25% and 19% respectively. Underlying Group pre-tax profit rose 35% to £490m and we generated a strong return on investment of 19%.

"We invested £1bn in the rental fleet and £236m on bolt-on acquisitions during the year. We expect to again invest around £1bn in capital expenditure in the coming year and we will continue to open greenfield locations and make bolt-on acquisitions to further broaden our market exposure. This growth will, as always, be undertaken responsibly and we will maintain our leverage at, or below, two times EBITDA.

"Our markets continue to provide both structural and cyclical opportunity. The business model established over recent years has a track record of exploiting these opportunities and we are supported by a strong balance sheet. Therefore the Board looks forward to the medium term with confidence."

[mike740] 16/6/2015 09:01

Ashtead : Barclays price target 1375p: rating overweight

[mike740] 16/6/2015 08:50

Ashtead : Jefferies raises price target to 1385p from 1365p; rating buy

[mike740] 16/6/2015 08:44

Ashtead posts 33% rise in full-year pre-tax profit; confident on outlook
Tue, 16 June 2015

Industrial equipment hire company Ashtead posted a 33% rise in full-year pre-tax profit to £473.8m from £356.5m on the back of strong US and UK markets, and said it was confident in the medium-term outlook.
Pre-tax profit beat analysts' expectations, while revenue grew 24% to £2.04bn from £1.63bn.

Ashtead proposed a final dividend of 12.25p, which brings the dividend for the full year to 15.25p. up 33% from 11.5p in 2015.

Chief executive Geoff Drabble said: "2014/15 was another very successful year for Ashtead. The consistent execution of our well-established strategy focused on organic growth supplemented by bolt-on acquisitions has delivered both excellent financial results and significantly enhanced our geographic footprint and the breadth of the markets we serve."

He added: "Our markets continue to provide both structural and cyclical opportunity. The business model established over recent years has a track record of exploiting these opportunities and we are supported by a strong balance sheet. Therefore the board looks forward to the medium term with confidence."

[dcarn] 16/6/2015 07:49

Results such as these have become expected over the last few years. Long may it continue.

[fenners66] 16/6/2015 07:20

So URI loss can be our gain

[fenners66] 16/6/2015 07:19

"Our same-store growth of 16% is double that of the rental market as we continue to take market share." - Sunbelt

[macarre] 16/6/2015 07:18

Stonking results imo.

[ianwwwhite] 16/6/2015 07:12

Another great set of results:

Highlights:
-- Group rental revenue up 24%(1)
-- Record Group pre-tax profit(2) of GBP490m, up 35% at constant exchange rates
-- GBP1bn invested in the rental fleet (2014: GBP657m)
-- GBP236m spent on bolt-on acquisitions (2014: GBP103m)
-- Net debt to EBITDA leverage(1) of 1.8 times (2014: 1.8 times)
-- Group RoI of 19% (2014: 19%)
-- Proposed final dividend of 12.25p, making 15.25p for the full year, up 33% (2014: 11.5p)

"....Our markets continue to provide both structural and cyclical opportunity. The business model established over recent years has a track record of exploiting these opportunities and we are supported by a strong balance sheet. Therefore the Board looks forward to the medium term with confidence."

Confident forward outlook as well, most encouraging!

[broadwood] 16/6/2015 07:06

Looking good.

[discodave4] 15/6/2015 21:24

Good luck everyone for tomorrow.DD

[macarre] 15/6/2015 17:29

Bought a few this am @ 117p.

[battyliveson] 15/6/2015 15:41

Also gone long. Saw some positive news re US house builders which could be a good omen for AHT.

[2flatpack] 15/6/2015 14:52

What a grey day.
Gone long for the run up to results,
Not as early as usual .
Hoping for the usual reaction.
Cheers

[mike740] 14/6/2015 13:22

Ashtead's shares are still ascending
The company will announce its full-year numbers on Tuesday 16 June, and the stock is going from strength to strength.

David Madden
Market Analyst, London
Tuesday 09 June 2015 11:14

Ashtead Group’s share price hit a record high last month and traders hold hopes for the results. There is no stopping the share price growth which has gone up twelvefold in five years, and with record profits expected to be announced dealers are still bullish. In the first six months of the year, the firm revealed a 33% jump in profits and dividend, and the full-year guidance was raised by the same.

The company hires out machinery that is used in the construction industry, and the robust property market in the US and the UK has seen demand ramp up for Ashtead’s business. The group earns over 80% of its revenue from its operation in the US, and the strong dollar is providing a bonus to the London-listed company. The construction sectors in both the UK and the US are secure, with the outlook in both nations positive and Ashtead’s prospects are only getting better.

The market is expecting full-year revenues of £2.01 billion and adjusted net income of £311 million when Ashtead reveals its numbers. These forecasts equate to a 23% increase in revenue a 33% rise in adjusted net income. The company will also announce its second-half numbers on the same date; dealers are expecting revenue of £1 billion, and adjusted net income of £136 million. This compares with the first-half revenue and adjusted net profit of £987 million and £169 million respectively.

Equity analyst are very bullish on Ashtead. Out of the 17 recommendations, 14 are buys, and three are holds. The average target price is £13.12, and this is 14% above the current price.

The share price has been in an aggressive upward trend since 2012, and an all-time high of £12.31 is the initial target — a move through it will bring £13 into play. The stock has been trading lower recently but £11 will provide support, and if that mark is punctured £10 will be the next level of support.

[mike740] 12/6/2015 15:43

AHT Ashtead Group

The group earns over 80% of its revenue from its operation in the US, and the strong dollar is providing a bonus to the London-listed company. The construction sectors in both the UK and the US are secure, with the outlook in both nations positive and Ashtead’s prospects are only getting better.

[2flatpack] 09/6/2015 18:22

Just watched a 6 day old program of MAD MONEY with Jim Cramer .
He comments on URI, the gist is the problem is more than one soft month they have been hurt by the slump in oil and there is over capacity in the sector.
He recommended selling.
URI are down 16% from 27 May 15 and AHT 7%.
The run up to results is non-existent.
But are we worried?
eeeer. YES
Cheers

[rockabilly.] 09/6/2015 09:07

I hope you're right, or this has the potential for a big move down

[mjcferguson] 09/6/2015 09:05

Only one week to results now.Assuming profits reported will be up 35% on last year hopefully final dividend will increase by same percentage.I am hoping for 12.5p at least.

[2flatpack] 29/5/2015 17:05

broadwood

Will AHT Comment?
The Q4 results will be unaffected but I think the CEO will in his outlook statement make some comment.
Cheers