Ashtead Share Discussion Threads

[discodave4] 25/4/2016 21:42

Thanks Bracke.(ShareCast News) - Equipment rental firm Ashtead got a lift on Monday after a double upgrade from Bank of America Merrill Lynch. The bank upped its stance on the stock to 'buy' from 'underperform' and boosted the target price to 1,100p from 800p, pointing to an improved outlook for the company's markets. Merrill Lynch raised its earnings per share estimates for 2017 and 2018 by 8% and 14%, highlighting improving economic indicators, increased capex expectations and a better outlook for rental yields. "We believe that the lead economic indicators in the US are improving with the ISM indices bouncing off lows and the ABI gathering momentum. "Furthermore, we sense that excess equipment, both new and used, is subsiding in the supply chain which bodes well for the outlook for rental rates. Currently, utilisation and rates are yet to turn, but early signs are positive." In addition, it said the stock is neutral or positive in the EU referendum debate and is trading at a material discount to historical multiples whilst offering around 20% per annum EPS growth. Merrill said that in the case of Brexit, "lower potential demand in AHT's modest UK business would be more than offset by increases to forecasts driven by sterling". It noted that each 1% FX move is worth around £6m to pre-tax profit in a full year. DD

[3rd eye] 25/4/2016 13:26

AHT Ashtead Broker BUYS.........

Date Broker Rec. Price Old target price New target price Notes
25 Apr 16 Barclays Capital Overweight 916.75 1,135.00 1,135.00 Retains
22 Apr 16 Numis Buy 916.75 1,150.00 1,150.00 Reiterates
22 Apr 16 Jefferies International Buy 916.75 1,385.00 1,385.00 Reiterates
22 Apr 16 Peel Hunt Buy 916.75 1,450.00 1,450.00 Reiterates
21 Apr 16 JP Morgan Cazenove Overweight 916.75 1,140.00 1,140.00 Reiterates

[bracke] 25/4/2016 11:36

From my post 52191

The Targets

1 Break above the last major swing high achieved on 29 February at 928.

2 Fill the gap from 27/28 January at 963. This will give a 50% rise from the high on 17 December to the low on 11 February.

The Resistances

1 The Median Line from the downtrend which commenced at the end of 2015. The share price was stopped at this line on 29 February. It is where the share price is now.

2 The DMA 200 currently at 960.

3 The psychological 1000

===============================================================================


To-day it has moved above resistance 1.

Next is target 1....move above 928 and hold.

[bracke] 25/4/2016 11:31

AZ

That's a private photo!!

Normally I use my other ball....it's bigger.

[az209] 25/4/2016 08:36

Bracke hard at work !

[bracke] 22/4/2016 17:40

Thanks Ian.

[ianwwwhite] 22/4/2016 17:37

bracke

Keep posting your views, you know we regulars appreciate it -

illegitimi non carborundum!

[bracke] 22/4/2016 17:09

kilgallp

Thank you. In my earlier post I did suggest a possible rise.....maybe....if you'r lucky.

[kilgallp] 22/4/2016 16:32

Bracke, well I for one appreciate your posts....even when you tell me the price is about to plummet :-)

[bracke] 22/4/2016 14:33

Good day 2flat

LOL.

No not sensitive but just a little bored with the TA naysayers.

I appreciate we all have our own views but it is interesting that it is unusual to see a TA'er criticising a fundamentalist. The reverse is the usual situation.

[2flatpack] 22/4/2016 14:20

Bracke
Do I detect a note of sensitivity or is that just tosh.
Have a good weekend.
Cheers

[discodave4] 22/4/2016 12:22

What a load of................................useful info! :)Thanks BrackeDDPS Don't think Geoff handed any Haribos to the Deutsche Bank analyst!.

[bracke] 22/4/2016 11:49

The market goes up; AHT doesn't. The market goes down; AHT goes up. Just doing what it normally does!

So what now?

The Targets

1 Break above the last major swing high achieved on 29 February at 928.

2 Fill the gap from 27/28 January at 963. This will give a 50% rise from the high on 17 December to the low on 11 February.

The Resistances

1 The Median Line from the downtrend which commenced at the end of 2015. The share price was stopped at this line on 29 February. It is where the share price is now.

2 The DMA 200 currently at 960.

3 The psychological 1000


If it can deal with all of the above then 1030/1050.

If you think that the above is a load of 'tosh' there is no need to tell me; I'll take it as read.

[kilgallp] 22/4/2016 10:34

How can Deutsche be so out of line with the others?!

[3rd eye] 22/4/2016 09:40

AHT Ashtead....

Ashtead Group plc 63.4% Potential Upside Indicated by Peel Hunt
Posted by: Katherine Hargreaves 22nd April 2016

Ashtead Group plc using EPIC/TICKER code LON:AHT had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ today by analysts at Peel Hunt. Ashtead Group plc are listed in the Industrials sector within UK Main Market. Peel Hunt have set their target price at 1450 GBX on its stock. This is indicating the analyst believes there is a potential upside of 63.4% from today’s opening price of 887.5 GBX. Over the last 30 and 90 trading days the company share price has increased 27 points and decreased 109.5 points respectively.

Ashtead Group plc LON:AHT has a 50 day moving average of 862.71 GBX and a 200 day moving average of 970.01 GBX. The 1 year high for the share price is 1231 GBX while the year low stock price is currently 749 GBX. There are currently 503,343,921 shares in issue with the average daily volume traded being 2,365,441. Market capitalisation for LON:AHT is £4,530,850,428 GBP.

[2flatpack] 22/4/2016 09:40

Obviously Deutsche Bank true to form have sacked the wrong people.
Cheers

[3rd eye] 22/4/2016 09:33

AHT Ashtead

Ashtead Group broker views

Date Broker Recommendation Price Old target price New target price Notes

22 Apr Jefferies International Buy 904.00 1,385.00 1,385.00 Reiterates
22 Apr Peel Hunt Buy 904.00 1,450.00 1,450.00 Reiterates
22 Apr Deutsche Bank Sell 904.00 660.00 660.00 Reiterates
21 Apr JP Morgan Cazenove Overweight 904.00 1,140.00 1,140.00 Reiterates

[clarky5150] 22/4/2016 08:47

I'm going to have to ring IG and complain. My colour scheme on my account has gone wrong. I thought it was red for 2016. Quite liking the blue next to Aht for a change tho.

[discodave4] 22/4/2016 00:10

2flat, crossed wires :)Think today's increase was read across from URI, both share prices spiked up at about the same time (2:45pm), don't know what time the seminar finished though.URI closed up 7.9%.DD

[1staxs] 21/4/2016 21:39

back in here late today, should be good for 10-15% over the next few months if the markets dont freak out. Still short FTSE

[jonnym] 21/4/2016 17:45

URI up 6 pc as I write.

[huttonr] 21/4/2016 17:33

The presentation looks like an 'education for analysts' session. Perhaps attempting to cater for analysts who don't actually understand how the business works - and perhaps, we might get better quality forecasts from them?

[2flatpack] 21/4/2016 15:55

Must have been a good seminar.
Geoff must have made it easy to understand for them .Probable use cartoon characters.
Every one happy now.
I think I may even have a beer in the garden.
cheers

[2flatpack] 21/4/2016 14:25

DD
I was just commenting on your post.
I,m long,having been buying the dips ,I am well over invested in AHT, but with an unbelievable average, hoping no black swans fly over.
Cheers