Ashtead Share Discussion Threads

[wayneduncan] 12/9/2017 13:36

Given the slump in price at HSS I wonder if they'd be a decent acquisition target for AHT?

[bracke] 12/9/2017 13:15

I suspect that there are a number of holders in the same situation as fenners and Bukko who to avoid CGT are limited in what profit they take. Profit taking is more likely to come from those who bought more recently.

ian

If I was going to short and I'm not.........yet, it would not be on the basis of either of the gaps filling but on the basis of a retrace or pullback.

BTW I agree that the lower gap is confirmed as a breakaway

[fenners66] 12/9/2017 12:10

Thanks Ian - I listened to the webcast, very encouraging.

Is is me or was that really Davos Seaworth ?

[bukko] 12/9/2017 11:56

Good morning bracke

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How many of you holders sell now with the thought that when the share price retraces/pulls back you buy back?
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Me neither! I'm facing too many years drawdown of the CGT free allowance for that.
Might have to pay some tax to speed things up before someone changes the rules. :-)

Good luck to all holders.

[fenners66] 12/9/2017 11:27

I already sold some this year - roll on next April

[ianwwwhite] 12/9/2017 11:21

Good morning bracke

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How many of you holders sell now with the thought that when the share price retraces/pulls back you buy back?
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Need you ask? As you know, I'm an investor not a trader, with the greatest respect,if I wanted to gamble I would buy a lottery ticket -:)

However this mornings gap must be tempting if you are a trader, the gap around 1595 doesn't look quite so promising at present ..

[ianwwwhite] 12/9/2017 11:13

James97

Thanks, good work!

[bracke] 12/9/2017 11:10

The previous intraday high was 1764 on 02 March 2017.

The previous closing high was 1751 on 01 March 2017.

How many of you holders sell now with the thought that when the share price retraces/pulls back you buy back?

[james97] 12/9/2017 11:02

fenders/ian
The headline eps growth is on constant currency basis, the 30% figure includes the effect of the dollar going up against the pound.

[ianwwwhite] 12/9/2017 10:50

fenners

If any more encouragement was needed then the AHT webcast of this morning's analysts briefing by Geoff and Suzanne is extremely bullish, and well worth a listen.at:

I also notice that Ashtead's results have received some very favourable coverage by the press at large this morning.
.

[fenners66] 12/9/2017 10:38

That says I'm not losing it !

They should correct the headline % gain.

Talking of gains - AHT highest gainer for non-small caps today.

Keep it up AHT on my calcs this years earnings may grow by 30p . Multiply that by say 13x what does that do for the share price - yes I know some of that is already factored in .

[ianwwwhite] 12/9/2017 10:34

Post removed whilst I checked - now reinstated:

fenners

Buried deep within the text of the announcement is the following:

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Group profit before amortisation of intangibles and taxation was GBP238m (2016: GBP184m). After a tax charge of 34% (2016: 34%) of the underlying pre-tax profit, underlying earnings per share increased 30% to 31.5p (2016: 24.2p).
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Maybe they are using a different basis?

[fenners66] 12/9/2017 09:51

I was looking to model the EPS for the year and noticed this
2017 2016 Growth(1)
Earnings per share 30.2p 23.4p 20%

But by my reckoning that is 29% growth

Error?

[rescuer] 12/9/2017 08:52

WOW - what a success story.

[james97] 12/9/2017 08:30

bracke would be the one to answer that but I think it might be.

[fenners66] 12/9/2017 08:11

New intraday high?

[fenners66] 12/9/2017 08:04

Hurricane impact to come - with infrastructure re-build set to continue a few yers - not withstanding they may be facing more hurricanes in the future - no global warming eh Trump?

[ianwwwhite] 12/9/2017 07:26

James97

Yes I agree, this one's still a keeper for me....

[ianwwwhite] 12/9/2017 07:25

Highlights

· Group rental revenue up 17%1

· Group underlying pre-tax profit2 of £238m (2016: £184m)

· £377m of capital invested in the business (2016: £328m)

· £51m of free cash flow generation3 (2016: £46m outflow)

· £116m spent on bolt-on acquisitions (2016: £64m)

· Net debt to EBITDA leverage1 of 1.7 times (2016: 1.7 times)

· Refinanced debt facilities enhance financial strength and flexibility

[james97] 12/9/2017 07:24

Very strong results. Far from tailing off the growth rate has picked up again.

[ianwwwhite] 12/9/2017 07:09

RNS above

Well done Ashttead, another stonking set of results, and extremely encouraging outlook!

[ianwwwhite] 11/9/2017 22:54

duplicate post removed - see DD's 5th Sept re Jefferies analyst views on Hurricane Harvey impact on URI.

[discodave4] 11/9/2017 22:54

Good luck for tomorrow.

[james97] 11/9/2017 21:11

Irma not doing as much damage as expected may be why AHT fell today. I hadn't noticed Irma benefiting the share price. Still tomorrow should be positive.