Ashtead Share Discussion Threads

[2flatpack] 09/6/2015 18:22

Just watched a 6 day old program of MAD MONEY with Jim Cramer .
He comments on URI, the gist is the problem is more than one soft month they have been hurt by the slump in oil and there is over capacity in the sector.
He recommended selling.
URI are down 16% from 27 May 15 and AHT 7%.
The run up to results is non-existent.
But are we worried?
eeeer. YES
Cheers

[rockabilly.] 09/6/2015 09:07

I hope you're right, or this has the potential for a big move down

[mjcferguson] 09/6/2015 09:05

Only one week to results now.Assuming profits reported will be up 35% on last year hopefully final dividend will increase by same percentage.I am hoping for 12.5p at least.

[2flatpack] 29/5/2015 17:05

broadwood

Will AHT Comment?
The Q4 results will be unaffected but I think the CEO will in his outlook statement make some comment.
Cheers

[broadwood] 29/5/2015 14:58

2 flat - What URI's comment does is to muddy the waters for the sector. US GDP has not been growing as it looked as though it would but comments from CE's have indicated a mixed picture. Other indicators, such as job creation, have been very strong.

URI's 'May' pronouncement will probably mean that AHT shares will mark time until the 16 June. I would be pretty sure there will be no statement of any kind from the Company before then.

[2flatpack] 29/5/2015 11:58

broadwood
As I see it the long term future is not in doubt, its the effect on the short term (what will be the effect on results day?).
What does "a soft May " mean .
I assume it mean a lot otherwise why state it.
Will it read over to AHT ?
Will AHT comment ?
Cheers

[bracke] 29/5/2015 11:42

Dropped today just short of the 1135 I suggested yesterday but close enough. It was supported right on the 2 hour SMA 200.

Now it needs to rise above 1168 to show its intent.

[broadwood] 29/5/2015 09:25

Ashtead Group

Like CRH, I reckon that surging output across the construction sector, combined with lively industrial activity, should boost demand for Ashtead’s (LSE: AHT) goods and services. The firm’s A-Plant and Sunbelt brands are helping to power sales higher — group revenues leapt by 25% in November-January, to $462.9m — while the wide application of its product range, from digging and heating through to pumping and lifting, gives it an exceptional footprint across the modern construction site.

Ashtead has long been a reliable deliverer of double-digit earnings growth, and the City does not expect this trend to cease any time soon. Indeed, a 32% rise for the year concluding April 2015 is anticipated to advance a further 26% in the current period and by a further 16% in 2017. Consequently an earnings multiple of 15.3 times for fiscal 2016 drops to just 13.2 times for the following year, while PEG readings of 0.6 and 0.8 for these years further illustrate Ashtead’s brilliant value — a number below 1 is widely considered too good to
miss

[2flatpack] 29/5/2015 09:22

Seems to be bottoming out .
Placed small long .
Cheers

[broadwood] 29/5/2015 07:54

The biggest faller in the FTSE 100 became the victim of industry-related comments more than 3,000 miles away yesterday.


Equipment rental group Ashtead, which on Wednesday hit a record high of £12.17, had its gains wiped, plunging 56p, or 4.6pc, at £11.61 in afternoon trade.


It followed its larger US rival, United Rentals, talking down May activity at an industry conference over the Atlantic in Boston.


Traders said the S&P 500 company described the month’s activity as “soft”, which in turn knocked UK rival Ashtead Group to the bottom of the FTSE 100.


In March, Ashtead had posted a 33pc hike in quarterly profit owing to strong demand in both the US and Britain. The company, which rents everything from small tools to large diggers and water pumps, also raised its full-year profit expectations

[ianwwwhite] 29/5/2015 06:38

Motley Fool:
What: Shares of United Rentals, (NYSE:URI) plunged as much as 10% today after the CEO gave some cautious comments to investors.

So what: Speaking at the KeyBanc Capital Markets 2015 Industrial, Automotive and Transportation Conference CEO Michael Keeland caught traders' attention by saying that May demand was a "little softer" than he thought it would be. With that, investors sold off the stock.

Now what: It's amazing how much the market can overreact when executives give any sort of guidance and this is a perfect example of that. Keeland was talking about sales versus expectations for a single month this year and the company lost 10% of its value. In reality, virtually nothing about the company has changed in the last few hours except that investors are getting a lower price than they were yesterday. I don't see a reason to change your investment thesis today and if you were looking to buy shares this is a great time to do so

DYOR

[lairddavid] 28/5/2015 21:55

What we need is a graph from Fingers.

[broadwood] 28/5/2015 19:08

2flat. Exactly right.

Equipment rental company Ashtead dropped on negative readacross from US peer United Rentals Inc which talked down activity in May.

[bracke] 28/5/2015 16:58

You may get away with it but the fall today is more of a retrace. The 'chunky' falls I refer to are 100-200 points.

Could be another night down on your knees praying for deliverance.

[uppompeii] 28/5/2015 16:23

I was counting on today being that chunky fall bracke!

[bracke] 28/5/2015 16:21

ian

The fall is across the markets Not specific to AHT.

uppompeii

If it fails to hold at the current level then next stop is likely to be 1135. Thereafter would be a visit to the Daily SMA 200 at 1070.

I don't want to overly alarm you but if you look at the Daily chart it does have 'chunky' falls at a relatively regular intervals. It is due for one.

[clarky5150] 28/5/2015 16:13

Well thanks a bunch URI :(

[uppompeii] 28/5/2015 16:06

Just bought some. Fortune favours the stupid. Or something like that.

[2flatpack] 28/5/2015 16:00

URI fell 7%, AHT fell 4.2% After URI talk down May activity speaking at KeyBanc Capital Markets.
Cheers

[ianwwwhite] 28/5/2015 15:54

bracke

I blame myself... I sold a few yesterday which seems to have upset the market!

On a serious note, do you think that this is the manifestation of the mooted 'triple top', or just a general tanking of the market?

[2flatpack] 28/5/2015 15:54

plus some big mouthed yank
Cheers

[bracke] 28/5/2015 15:47

Yes you do well :-)

[bracke] 28/5/2015 15:31

I've a good mind to delete post 50708 and pretend it was never there.

Is it any wonder that I think this share is out to get me!

It did what I expected but not before posting a new high.

The US Pending Home Sales data was a lot better than expected and brought concern that a rate increase will come sooner rather than latter.

Plus some profit taking.

Plus the Greek situation.

Plus taking the mickey out of bracke.

[ianwwwhite] 28/5/2015 15:03

Whoops! Now look what you've done bracke!!!

(lol!)