Ashtead Dividends - AHT

Ashtead Dividends - AHT

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Ashtead Group Plc AHT London Ordinary Share GB0000536739 ORD 10P
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  -10.00 -0.42% 2,366.00 2,402.00 2,353.00 2,362.00 2,376.00 16:35:14
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Industry Sector

Ashtead AHT Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

2flatpack: Afternoon bracke I fear this apoplectic holder you describer is long dead. Anyone holding AHT long term is made of sterner stuff. With a share price that oscillates in a wide band (35%) for no apparent reason .They need to be able hang loose . So far in my investing memory it has always rewarded the holders eeer eventually. I still live in hope. Cheers
fenners66: 2 flat if your short announcement has that effect on the share price, can you announce one every day please ?
bracke: Slogsweep If I understand it correctly buying back the shares and cancelling them helps to increase the dividend because the profit isn't spread over so many shares and thus helps to increases the share price. Of course there may be more devious reasons but I will avoid that particular subject.
bracke: ian Mater is blissfully unaware of AHT share movements. The decision to sell was based on the situation at the time and I have no regrets. I have made similar decisions in the past and they have been correct.
fenners66: I have held the shares a lot longer than they have been doing buybacks.... As far as deliberately missing the point that a majority vote at a shareholders meeting does not mean it is correct well you can ignore that if you want - you only see what you want to see. Since you know little of DEBS - many commentators were preaching to the unconverted and being ignored that they were paying too much in dividends - years before it went bust and left shareholders with nothing. The fact that the majority passed the resolution - including of course the "expert" institutions - did not make them correct. They were most certainly wrong as were the directors for recommending it. So majority may have thought their dividends issues were done and dusted - but it was instead the company. People make money in the stock market Because they challenge the received wisdom. When a company's actions are no longer challenged it usually ends in tears. Were all the unchallenged directors bonus schemes in house building correct ? NO There are many examples of minority voices which should have been listened to. Before you start with if you don't agree with it sell - a binary and crass statement - AHT gets most things right as the share price has shown. But a 20% increase in dividend base for a company with growing profits and dividends and lower debt may well have delivered a higher share price as well.
fenners66: Could be; but for those of us whom have been shareholders long enough we are well aware of times past when high debt levels led to smashed share prices. Now share price trading at heady levels and debt increasing again - not a surprise that some holders don't like it. I expect at least a 15% dividend increase on the back of better results and the diminished number of shares. However the interest charge above for the higher debt level in the first qtr alone was : £54m-31m-10m = £13m We can therefore forecast at least 4x£13m for the year (and with increasing debt compared to the comparison as it has already been rising, and continued rises with buybacks, we can expect even higher). So that is £52m Ok you may argue there is a tax charge on that 25% so that would still leave a net £39m available for dividends _ and that is the last 12 months debt increase. What would that do for dividends per share ? 39/477 = 8p/share Which is an increase of 8/40 = 20% on current Whereas the "buyback" has reduced the shares in issue by about (not looked this up) 23/500 = 4.6% !! You know which I would rather have !!
ianwwwhite: Fenners, Still doesn't make the case for me. There are a number of factors missing from your calculation, for example the savings of dividend payments on shares in Treasury or subsequently cancelled, this benefit will continue to accrue indefinitely. There is also the question of impact on the share price, and bearing in mind that I managed to sell two tranches of AHT at a price in excess of £23 in July, the buyback certainly doesn't seem to be hurting the shareprice, although other contextual factors might. Bracke sold his mater's holding for only 21.86, you have to question his judgement... As for Standard Life Aberdeen, it's not a company that I follow, but generally I would suggest you would be better off taking advice from a successful investor, rather than a few disheartened people who apparently have had a difficult time in SLA, where there seems to be more pressing problems than the buyback. To quote an excerpt from Warren Buffett: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Buffett generally prefers buybacks to other methods of returning capital to shareholders, especially dividends. While Buffett likes to receive dividends from the stocks he owns, when it comes to Berkshire, he considers buybacks to be a far better solution. Simply put, when management is authorized to buy back shares, they can choose when and if they want to buy shares and can deploy the capital only when it is in the best interest of shareholders. On the other hand, when a company implements a quarterly dividend, it is generally committing to making the payments, even if, during a particular quarter, there could be a more efficient way to use the money. (IWW: and we all know what happens when a company cuts its dividend!) One of Buffett's favorite things about stock buybacks is that they automatically increase his percentage ownership in a business without investing any more money. Buffett often remarks that he doesn't really care when his long-term investments decline in value as long as the underlying business fundamentals remain strong. From a buyback standpoint, he actually likes when prices fall. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I am sure that if you trawl the internet you will find contrary views, but that of Buffet is good enough for me, and as a committed holder of a residual holding in AHT, I accept that the buyback decision is not within my influence, or indeed yours.. Isn't it time you moved on? .
ianwwwhite: Hi bracke and uppompeii, I am in complete agreement with both of you! By way of explanation I should explain I have retained the majority of my AHT holding (buy and hold), but thought that it was prudent to reduce the risk and re-balance my portfolio a bit (take some profits)as we have seen a decent rise in the AHT share price recently, hence this mornings modest sale. Why this morning? At 2300+ I was feeling a bit dizzy...
fenners66: As we all agree there are a load of things that drive the share price. I bought the shares a long time ago - long before the buyback so I can challenge its decision but it is neither a reason to buy the shares or a reason to sell. The companies expected performance over the following years and tax legislation helps that decision. I cannot however buy myself a pint with a buyback ; I can with a dividend and I do not have to exit stage left with a dividend. Moreover paying down debt would reduce interest and create more profit so they can give me more earnings per share and more dividends next year when I might get 2 pints instead. As for URI and AHT following the crowd in the US and announcing buybacks - well for some reason US funds like them - maybe they all have profitable positions that they want to exit without forcing the share price lower... But what % of shares in AHT are held by US funds and what by UK after all we are listed here. No one gets rich selling their shares in growing companies to a buy back - they get rich by keeping them and richer by earning and reinvesting dividends.....
ianwwwhite: Good afternoon bracke, Personally l would prefer to see any rise based on improving company fundamentals rather than the politicians posturing and blather. The impact of the latter two seldom last long in my experience. Perhaps the forthcoming AHT Q2 results will provide a firmer foundation for a share price rally? In the meantime I imagine you are awaiting the outcome of the Trump/Xi Jinping talks before declaring your entry in the fenners 'guess the weight of the AHT dividend' competition?
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