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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ashtead Group Plc | AHT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 78.00 | 1.36% | 5,812.00 | 12:39:37 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5,766.00 | 5,730.00 | 5,832.00 | 5,734.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 31/1/2024 18:59 by disc0dave46 (Sharecast News) - JPMorgan Cazenove reiterated its 'overweight' rating on Ashtead on Tuesday and hiked its price target to 6,800p from 5,600p as it argued the risk/reward is now attractive.The bank said the equipment rentals firm is currently a key debate stock in the sector, with the age old "cyclical or structural" debate reignited and likely to be tested over the coming 12 months.It said the profit warning in November has not helped calm fears despite being driven by multiple independent non-cycle related factors."However, our work in this note shows that a combination of structural changes and management actions has driven an evolution in the business model and created a more sustainable equity investment with still sector-plus growth rates, robust cash generation and strong balance sheet optionality meaning the business is no longer simply just a play on the cycle, something we believe the market does not appreciate currently, and which we explore further in this note."JPM said its work suggests the US non-residential outlook is not as bad as feared; mega projects will be a key driver of growth over the coming years; the group should continue to see significant market outperformance, supported by multiple drivers; and rental rates can remain resilient as catch-up replacement capex and disposals re-balance supply/demand."While the Q3 24 print will be soft (albeit well flagged), we forecast US and group organic rental revenue compound annual growth rate of 8% for FY25-26 with our upside scenario implying 13% growth," it said.JPM said that with the shares now trading at a 7% discount to their five-year average on EV/EBITA and at their widest discount to United Rentals - its closest peer - in five years, it sees the risk/ reward as attractive. It also reckons that as investors get more conviction on the earnings trajectory, shares should re-rate through the year, with scope for earnings upgrades too. |
Posted at 26/1/2024 14:36 by disc0dave46 Ashteads credit ratings and list of debt:HTTPS://www.ash |
Posted at 23/12/2023 11:43 by perfido Times: The speed of the decline in inflation in the US is ‘remarkable____________________ . Brace for impact? Anyway, Seasons Greetings to all AHT investors, and contributors to this board :-). . |
Posted at 20/11/2023 18:16 by disc0dave46 Yes you were filtered up until today, because bored of your constant moaning about BB and debt year after year but still holding....and not much has changed! :)That said I will agree about what you posted, (62297), I too did some calcs early doors and sold half (was hoping for US bounce to sell the rest but didn't happen).Looking back EBITDA growth to Rev growth has varied over the last 5 years but generally is on a par with income growth. So would assume worst case a +11% growth in EBITDA is forecast for the year (as per Rev growth). That gives circa $4941m, deducting the additional costs for I & D ($522m) and taking the last two years adj pbt to EBITDA margin of 50% (5 year average is about 47% but skewed due to Covid), that's an adj pbt of $2210m down c3% to last year. With fx that's about 305p eps, they stated the BB this FY will be $500m which could enhance their eps by 1.5% (to c 310p) but Capex is also up this FY so guess it depends on their adjustments to get to the pbt / eps.From Stocko I note the forecast eps growth for this FY is now -9%, whereby I think they've used the pbt growth ratio is 3 times less than the EBITDA growth from todays H1 forecasts (thus -3% EBITDA = -9% pbt) which isn't the case on an annualised basis. Taking the worst case though and the non adjusted Investors Chronicle forecast less 9% is an eps of 398 cents (315p at todays fx) which isn't too far from my quick calcs - so basically looks like not much growth in earnings, if any at all - recommend fenners you DYOR as I'm no good at maths!. |
Posted at 20/11/2023 11:39 by essentialinvestor Re buybacks (in UKX constituents) - unless you are a member of the BOD or a large institutional Investor, any view on buy backs makes no difference. The only power available to you as a PI is whether to buy, hold or sell a particular stock. |
Posted at 02/11/2023 16:46 by perfido AHT got an honourable mention together with United Rentals in a US investment management firms quarterly update:Cooper Investors, an investment management firm, released its “Cooper Investors Global Equities Fund” third quarter 2023 investor letter. .......Cooper Investors highlighted stocks like United Rentals, Inc. (NYSE:URI) in the third quarter 2023 investor letter. Headquartered in Stamford, Connecticut, United Rentals, Inc. (NYSE:URI) is an equipment rental company. On November 1, 2023, United Rentals, Inc. (NYSE:URI) stock closed at $409.48 per share. One-month return of United Rentals, Inc. (NYSE:URI) was 1.27%, and its shares gained 34.76% of their value over the last 52 weeks. United Rentals, Inc. (NYSE:URI) has a market capitalization of $28.914 billion. Cooper Investors made the following comment about United Rentals, Inc. (NYSE:URI) in its Q3 2023 investor letter: "Two recent additions to the portfolio are United Rentals, Inc. (NYSE:URI) and Ashtead Group (AHT). URI and AHT are the two largest equipment rental businesses in North America, serving non-residential construction and general industrial (MRO) markets. They offer thousands of products ranging from forklifts, scissor lifts and mobile cranes to small loaders, excavators, and air compressors. While fitting into our Cyclical subset, these businesses have an enviable history of generating attractive returns on invested capital and we see significant growth opportunities ahead. Observable trends in the equipment rental sector are favourable. The industry is relatively young and continues to evolve into an attractive, more consolidated industry structure. URI and AHT are by far the largest two players in their industry and are growing at above market rates. There is a virtuous benefit to scale in this industry, driven by procurement advantages on equipment, better equipment availability and more opportunity to invest in technology that improves service levels…&rdquo Full article can be found here: |
Posted at 22/10/2023 16:15 by bracke Good day discoI hope all is well with you and yours. Colourful but not pretty if you are a shareholder. Viewing the chart at close on Friday: 1 A new opening gap at 4777. 2 Just about holding on to the October low at 4721 3 The FIB at 4636 still beckons. Not shown on this chart but see on the 3 month chart above is highish volume on three of the five days last week. IF the share price fails to hold at 4721 and 4636 the next level to watch is the April low at 4386. This level is also the 2023 low. This coming week some of the USA major companies provide earnings reports. Maybe they will provide a lighter mood away from the middle east etc. I suspect there are a number of investors watching and waiting for an indication that the low or close to has been reached in anticipation of a purchase and profits of a large proportion. AHT DAILY |
Posted at 09/6/2023 11:31 by perfido Re post 62021 above - according to the Express newspaper* they quote AJ Bell as saying:'The index of blue-chip stocks includes household name stocks such as BP, Lloyds, Rightmove, Rolls-Royce, Tesco, Whitbread and Vodafone. Yet the best performer of the last 20 years has been travelling under the radar. Ashtead Group has given loyal investors a total return of a staggering 45,533 percent in that time. Its share price jumped from 13p to today’s £51.34, a rise of 39,392 per cent. The company also paid a heap of dividends in that time and investors who automatically reinvested them back into the stock would have multiplied their returns.' (more at source, June 5th : (* not a newpaper I normally read :-) |
Posted at 04/6/2023 13:10 by vinyl richie fenners66 like your work! probably AI bots trying to pump up the price of a rentals behemouth that's 86% owned by major institutions 😉. long or short on aht? as cynical about the growth here and adding value as you are on new posters sharing information?I'd seriously doubt that the sum total of all the investors who look to these boards for any kind of positive/negative inference make up less than 1% of the total share cap, wouldn't you agree? happy to be proved wrong if you don't |
Posted at 06/12/2022 16:06 by bracke fenners"Those that have held for many years know that would be stupid." ==================== No I didn't miss it. I wasn't suggesting that investors should become traders, far from it. What I was suggesting is that investors should develop skills that would help them to decide when it was a good time to sell. Is holding a share to the high and continue to hold it to the low good investing? I think not. I am not saying that investors or traders will buy at the absolute bottom or sell at the absolute top but getting somewhere closeish is better than seeing all the gains disappear. Viewing the chart below illustrates my point. Buying and continuing to hold whilst the share price rises and then falls a long way back down is not good investing. EDIT. Apologies I forgot the chart. |
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