Ashtead Share Discussion Threads

[macarre] 16/6/2015 22:06

I'm averse to the idea of 'averaging down', but in AHT case I'm quite tempted to make an exception if share price hits 1045p.
I suspect today's drop has to do with investors exercising caution ahead of BoE minutes and US FOMC Interest Rate tomorrow. Any thoughts on this?

[fenners66] 16/6/2015 21:26

"Our same-store growth of 16% is double that of the rental market as we continue to take market share." - Sunbelt

Repeated because it directly reflects the URI situation

[ianwwwhite] 16/6/2015 20:59

I get the impression that URI's reliance on the oil and gas rental market, (which has collapsed), was the differentiating factor in relative performance with AHT, if you listen to the podcast of the URI briefing.

The URI read over to AHT therefore appears flawed, and this stunning set of results leaves AHT poised for a further climb up to to greater heights, barring other external influences.

Onwards and upwards therefore in my view, but DYOR 😊

[james97] 16/6/2015 15:19

URI has a soft month in May so the market thinks Sunbelt may have had a poor May too so the share price goes down. AHT confirms Sunbelt did not have a weak May and then the share price goes down some more??
Anyway great results, price should reflect them eventually.

[bracke] 16/6/2015 11:22

SP supported at the Daily SMA 200 - 1089.

A drop below the last swing low 1044 would be concerning.

Greek situation weighing heavily on the market.

[2flatpack] 16/6/2015 11:11

The results show once and for all, AHT is NOT a URI look alike,
I think the share price was a little ahead of its self, so it has been reset with Uri the excuse.
Q1 should be mega .
With rate rise out of the way hopefully ,and the Greek can kicked down the road.
It should be back to business as normal but in the mean time I have not a clue, any ideas.
Lets hope when the Yanks wakeup they will be looking for bargains.
Cheers

[macarre] 16/6/2015 11:00

Gents, reg. share price, let's wait to see where it closes at today. It is still 11am and a lot can happen until then. If closing price is >=118p then I think it is probably well supported.

[villyvilson] 16/6/2015 10:34

Thank goodness the results beat expectations!

What would the price be otherwise?

[fenners66] 16/6/2015 10:10

Such contrast. Aht great results share price goes down. Whereas berkley house builder rises because Crest Nicholsons results are good. Oh well least I'm diversified.

[mike740] 16/6/2015 10:00

16 Jun 2015 Ashtead Group PLC AHT Investec Buy 1,099.50 1,134.00 1,500.00 1,500.00 Reiterates

SP Target 1500p.

[bigboots] 16/6/2015 09:21

Stunning set of results

[mike740] 16/6/2015 09:17

StockMarketWire.com
Ashtead posts record underlying pre-tax profits of £489.6m for the year to the end of April - up 35% at constant exchange rates.

Rental revenues rose by 24% to £1,837.6m and EBITDA increased by 32% to £1,837.6m.

On a statutory basis, pre-tax profits were up 33% at £473.8m.

Chief executive Geoff Drabble said: "2014/15 was another very successful year for Ashtead. The consistent execution of our well-established strategy focused on organic growth supplemented by bolt-on acquisitions has delivered both excellent financial results and significantly enhanced our geographic footprint and the breadth of the markets we serve.

"Our financial performance speaks for itself with Sunbelt and A-Plant achieving rental revenue growth of 25% and 19% respectively. Underlying Group pre-tax profit rose 35% to £490m and we generated a strong return on investment of 19%.

"We invested £1bn in the rental fleet and £236m on bolt-on acquisitions during the year. We expect to again invest around £1bn in capital expenditure in the coming year and we will continue to open greenfield locations and make bolt-on acquisitions to further broaden our market exposure. This growth will, as always, be undertaken responsibly and we will maintain our leverage at, or below, two times EBITDA.

"Our markets continue to provide both structural and cyclical opportunity. The business model established over recent years has a track record of exploiting these opportunities and we are supported by a strong balance sheet. Therefore the Board looks forward to the medium term with confidence."

[mike740] 16/6/2015 09:01

Ashtead : Barclays price target 1375p: rating overweight

[mike740] 16/6/2015 08:50

Ashtead : Jefferies raises price target to 1385p from 1365p; rating buy

[mike740] 16/6/2015 08:44

Ashtead posts 33% rise in full-year pre-tax profit; confident on outlook
Tue, 16 June 2015

Industrial equipment hire company Ashtead posted a 33% rise in full-year pre-tax profit to £473.8m from £356.5m on the back of strong US and UK markets, and said it was confident in the medium-term outlook.
Pre-tax profit beat analysts' expectations, while revenue grew 24% to £2.04bn from £1.63bn.

Ashtead proposed a final dividend of 12.25p, which brings the dividend for the full year to 15.25p. up 33% from 11.5p in 2015.

Chief executive Geoff Drabble said: "2014/15 was another very successful year for Ashtead. The consistent execution of our well-established strategy focused on organic growth supplemented by bolt-on acquisitions has delivered both excellent financial results and significantly enhanced our geographic footprint and the breadth of the markets we serve."

He added: "Our markets continue to provide both structural and cyclical opportunity. The business model established over recent years has a track record of exploiting these opportunities and we are supported by a strong balance sheet. Therefore the board looks forward to the medium term with confidence."

[dcarn] 16/6/2015 07:49

Results such as these have become expected over the last few years. Long may it continue.

[fenners66] 16/6/2015 07:20

So URI loss can be our gain

[fenners66] 16/6/2015 07:19

"Our same-store growth of 16% is double that of the rental market as we continue to take market share." - Sunbelt

[macarre] 16/6/2015 07:18

Stonking results imo.

[ianwwwhite] 16/6/2015 07:12

Another great set of results:

Highlights:
-- Group rental revenue up 24%(1)
-- Record Group pre-tax profit(2) of GBP490m, up 35% at constant exchange rates
-- GBP1bn invested in the rental fleet (2014: GBP657m)
-- GBP236m spent on bolt-on acquisitions (2014: GBP103m)
-- Net debt to EBITDA leverage(1) of 1.8 times (2014: 1.8 times)
-- Group RoI of 19% (2014: 19%)
-- Proposed final dividend of 12.25p, making 15.25p for the full year, up 33% (2014: 11.5p)

"....Our markets continue to provide both structural and cyclical opportunity. The business model established over recent years has a track record of exploiting these opportunities and we are supported by a strong balance sheet. Therefore the Board looks forward to the medium term with confidence."

Confident forward outlook as well, most encouraging!

[broadwood] 16/6/2015 07:06

Looking good.

[discodave4] 15/6/2015 21:24

Good luck everyone for tomorrow.DD

[macarre] 15/6/2015 17:29

Bought a few this am @ 117p.