Ashtead Share Discussion Threads

[disc0dave46] 26/7/2024 15:16

Good day Mr bI've always thought it was volatile and like an illiquid AIM stock (okay not quite that bad but does move a lot).I note US PCE (core and non core) came in 0.1% higher than forecast but commentators still sticking to cut in Sept.Thanks for....you know what.....pretty charts (was going to say graph but didn't want to upset you!).

[bracke] 26/7/2024 12:54

Yesterday and todays price action suggests the buyers are back in control.

The gap at 5242 filled yesterday without hesitation and the opening this morning gapped over the 50% Fib. As I type it is dropping back.

As fenners suggests maybe it is now a plaything of day traders.

AHT DAILY

[fenners66] 26/7/2024 12:23

AHT is becoming very volatile of late.
Share price may be over £50 but the intraday swings are mad.
This may itself be attracting traders who previously left AHT alone , feeding even more volatility.
Got to say I preferred the slow and steady rises of yesteryear.

[disc0dave46] 26/7/2024 10:49

URI closed up over 5% yesterday so guess read across.

[disc0dave46] 25/7/2024 17:32

Good day Mr b"Even if the FOMC cut the rate at their next meeting will it make much difference to the US Market."Mmmm, good question. Is a rate cut now priced in?, like to think it will make a difference given it still increases the future value of equity's. As for Tech, was tongue in cheek buying, but that said I'm not selling, in fact been buying a semi conductor ETF (if Trump gets in all bets are off there!). Still believe the UK market will see more of a difference once Mr Bailey grows a pair and cuts next month! (he should IMO but he probably won't as he waits for JP in Sept).Have a good evening

[bracke] 25/7/2024 16:38

Good day disc0

Even if the FOMC cut the rate at their next meeting will it make much difference to the US Market.

"Time to buy tech!"
==================

After you Sir.

Some weeks ago I analysed previous S&P 500 major reversals. My thinking is a retrace to 5500. I will assess thereafter.

[jackdaw4243] 25/7/2024 15:57

bracke
TNX

Nice recovery

[disc0dave46] 25/7/2024 15:01

Hi Mr bThanks for your pretty chart.It does look weak but guess just reacting to the US weakness - congrats Mr JP!.Read that tech stocks had their biggest daily fall yesterday for 12 years, that's going some. Time to buy tech!.

[disc0dave46] 25/7/2024 14:56

Wondered when tit, sorry typo trt, would show up.

[bracke] 25/7/2024 13:51

jackdaw

Fall in US Market connected to the USD:JPY carry trade.

[bracke] 25/7/2024 13:48

I am watching the drop (S&P 500) in the US with interest and hoping for at least a moderate retrace back up before a large fall..... if there is to be one at this time.

AHT share price is looking weak. It has dropped below the 61.8% Fib (5104)and opened a gap this morning from 5242. Below at 4954 is the location of the last major low which the share price may well decide to retest. If it breaks through 4800 is next support.

AHT DAILY

[trt] 25/7/2024 13:38

Could see £45

[jackdaw4243] 25/7/2024 12:55

Not what was expected, any reason for the drop??

[fenners66] 25/7/2024 08:38

Results from URI last night

" Summary of Second Quarter 2024 Financial Results

Rental revenue increased 7.8% year-over-year to a second quarter record of $3.215 billion. Fleet productivity increased 4.6% year-over-year, including the impact of the Yak acquisition, and increased 3.0% excluding the impact of the Yak acquisition, while average original equipment at cost (“OEC”) increased 2.7%.
Used equipment sales in the quarter decreased 4.5% year-over-year. Used equipment sales generated $365 million of proceeds at a GAAP gross margin of 47.4% and an adjusted gross margin9 of 51.8%, compared to $382 million at a GAAP gross margin of 51.3% and an adjusted gross margin of 57.3% for the same period last year. The year-over-year declines in the GAAP and adjusted gross margins primarily reflected the continued normalization of the used equipment market, including pricing.
Net income for the quarter increased 7.6% year-over-year to a second quarter record of $636 million, while net income margin increased 30 basis points to 16.9%. The increase in net income margin was primarily driven by higher gross margin from rental revenue, which included the impact of a decrease in depreciation expense as a percentage of revenue, and reduced restructuring charges due to 2023 charges associated with the restructuring program initiated following the December 2022 acquisition of Ahern Rentals, Inc. ("Ahern Rentals"), partially offset by decreased gross margin from used equipment sales as discussed above. "

[disc0dave46] 23/7/2024 14:03

Any reason for the drop from 12:30?, can't see anything market / company specific having had a quick look.

[fenners66] 23/7/2024 12:47

No volume shown so far today but a sudden jump ... ?

Some climate experts are predicting 11 North Atlantic hurricanes this year compared with their norm of 6.

Florida et al could be busy with clean ups once again.

Lets hope management have not built that into their budget this year though.

[fenners66] 19/7/2024 18:17

When are they going to announce moving the listing to New York ?
May as well get on with it , its tracking the US stock exchange anyway.

[bracke] 19/7/2024 13:46

A retrace today following on from the continued US Market fall. Remember OPEX.

The share price is being supported at the 50% Fib (5310).


AHT DAILY

[riley109] 19/7/2024 10:49

Thanks perfido and DD this from Will this AM.

I don’t have this level of knowledge about the contract but ultimately we will rent them anything from our broad portfolio of assets that they need.

So he doesn't know either,looking at their website the first thing seems to be providing security staff and cleaning so they will need uniforms,mops and buckets,vacuums etc.Bit of fun over,lets leave it at that.Looking at share price and divs don't think I will be bothering.

[perfido] 18/7/2024 22:56

Riley re post 62915

…and your point is.?
.

[disc0dave46] 18/7/2024 19:31

Good evening Mr bTa for you know what :)Yeah our cousins still buying small caps and trimming Tech....just a blip (I hope as 18% of my fund portfolio is in that sector!).Nasty UT here.

[bracke] 18/7/2024 19:26

The share price meeting resistance at the 38.2% Fib (5514). The US did try to push it over but lacked firepower to get the job done.

The US was in retreat yesterday and again today. Is it a tactical retreat or full blown withdrawal. OPEX tomorrow may make things clearer.

AHT SP

[disc0dave46] 18/7/2024 17:37

Think you can get a decent idea as to what kit they could be hiring from the following business descriptions:From their last final results - Founded in 1987, Mitie employs 68,000 colleagues and is the leading technology-led Facilities Transformation company in the UK. We are a trusted partner to around 3,000 blue chip customers across the public and private sectors, working with them to transform their built estates, and the lived experience for their colleagues and customers, as well as providing data-driven insights to inform better decision-making.In each of our core services of Engineering (Hard Services) and Security and Cleaning & Hygiene (Soft Services) we hold market leadership positions. We also upsell Projects capabilities in the areas of building fitouts and modernisation, decarbonisation, fire & security, and telecoms infrastructure. Our sector expertise includes Central Government, Critical National Infrastructure, Defence, Financial Services, Healthcare & Life Sciences, Local Government & Education, Retail & Logistics and Transport & Aviation.

[riley109] 18/7/2024 17:19

Seriously nope! but reading what they do doesn't seem to be anything where anybody gets their hands mucky like construction companies that need the tackle that sunbelt hire.Should have had the nuts to buy some Kier shares when they were well under a quid.In the seventies they were known as French Kier and were a good cash rich co doing Town Bypass works ect ect but then fell by the wayside like many more duing 80's and early 90's now though they seem to have got their act together and seems to me the only way is up.Still really pleased I went with Galiford when they sold Linden,bought in at 158p now over 300p and rising not to mention decent divs plus a nice juicy special.Just thought though Sunnybelt will be hiring to Kier so haven't entirely missed out.!

[perfido] 18/7/2024 15:52

Hi Riley, does this help?

Mitie creates facilities and services that bring communities together across the UK, delivering exceptional cleaning, security, engineering and anything in between.

Shaun Carroll, Mitie’s chief procurement officer added: “We are thrilled to have signed this agreement with Sunbelt Rentals, who are now our sole provider of plant and hire equipment across the entire Mitie Group.

“Streamlining and simplifying our procurement processes is key to our preferred supplier optimisation strategy, and Sunbelt Rentals’ simple ordering process makes it easier and more efficient for our customers and colleagues to access the equipment they need. We look forward to continuing to build a strong partnership with Sunbelt Rentals.”

Source:
hxxps://www.internationalrentalnews.com/news/sunbelt-rentals-signs-multi-year-contract-in-uk/8038197.article.
.