Ashtead Share Discussion Threads

[bracke] 21/12/2018 10:55

Good day uppompeii

"Did you spend thousands on one of those bottles of fake malt bracke?"
======================================================================

No but I did push the boat out with a bottle of Lidl's second best.

[essentialinvestor] 21/12/2018 10:42

Had a very small amount.
Perhaps not the time to be brave in markets.

[hatfullofsky] 21/12/2018 10:36

What did I miss ? 30p fall in short order !

Government warning on Brexit ?

[discodave4] 21/12/2018 08:15

Merry Christmas everyone........health and happiness for 2019.

[ianwwwhite] 21/12/2018 00:52

Financial Journalist's quote: I’ve bought Ashtead (AHT), again, having successfully traded it a year ago, but the 34% price drop since October presents a buying opportunity. Renting out industrial and construction plants, with 87% revenue in the US, growing income by 17% in the last quarter for a revenue of £1.1 billion gives a massive 50% increase in earnings per share. The company is widely followed in the market and 14 brokers have it as a strong ‘buy’. All those dollar earnings and ambitious plans to increase US capacity make it a compelling case to me, enhanced by recent chunky director buying.

[ianwwwhite] 20/12/2018 22:18

See below..

[ianwwwhite] 20/12/2018 21:41

fenners,

You may have missed my earlier post:

Capital Gains Tax in 2018/19

Annual exemption amount £11,700 for individuals
Standard CGT rate 18% on residential property, 10% on other assets
Higher CGT rate 28% on residential property, 20% on other assets

hxxps://www.moneysavingexpert.com/banking/tax-rates/#cgt

[uppompeii] 20/12/2018 21:15

Did you spend thousands on one of those bottles of fake malt bracke?

[ianwwwhite] 20/12/2018 21:09

Well done bracke, and my advice ... stick to what you know...

[bracke] 20/12/2018 21:07

It's been an interesting trading day with the US markets pulling a few hundred points one way and then the other. Excellent opportunities once you 'get your eye in'.

I haven't traded this late in the day for a long time but the opportunity has been too good to miss......got to make up for Mater's AHT purchase.

All done now......now where's that scotch.

[ianwwwhite] 20/12/2018 21:06

bracke,

At last we can agree on something!

Happy Crimbo!

[bracke] 20/12/2018 21:02

Good evening uppompeii

I've told her not to worry 'cause there's a chap by the name of ian who says the company is handling its finances very well and the dividend is secure.

[ianwwwhite] 20/12/2018 20:47

uppompeii

Lol!

No worries, it's only bracke's inheritance that's at stake.... :-)

[uppompeii] 20/12/2018 20:44

bracke, i hope mater doesn't ask to see her portfolio this side of Christmas.

[ianwwwhite] 20/12/2018 20:40

fenners

Capital Gains Tax in 2018/19

Annual exemption amount £11,700 for individuals
Standard CGT rate 18% on residential property, 10% on other assets
Higher CGT rate 28% on residential property, 20% on other assets

hxxps://www.moneysavingexpert.com/banking/tax-rates/#cgt

.... better off than you thought!

[fenners66] 20/12/2018 20:27

28% I believe so there is not much in it - taking everything else into account I would be worse off....

[bracke] 20/12/2018 20:20

Happy Christmas & A Prosperous New Year

[ianwwwhite] 20/12/2018 20:16

bracke

Yes

[bracke] 20/12/2018 20:11

LOL!!!! I knew you would be unable to stay away. I'm sat here laughing like a drain!

Trying to be serious....do you really think the buyback has assisted the company finances, share price or dividend?

We are very unlikely to agree at this time. At some point in the future hopefully we will be able to come to a conclusion.

[ianwwwhite] 20/12/2018 19:51

HERE! HERE! I'm in total agreement fenners.
++++++++++++++++++++++++++++++++++++++++++++

Bracke, you sycophant, I think I can see where you are going wrong….. lack of objectivity!

The share buytback was in being when you bought your Mum's shares, and instead of bleating about the share buyback, you should be asking yourself, why did all your technical analysis skills fail to spot that you were buying the venerable Mrs B’s shares at <>2000p before a precipitous fall to 1617p per share as of today? Not the first time you have misread AHT!

As for fenners he claims he saw the fall coming, but still prefers to see a share price hit of 33% today, rather than pay CGT of 10/20% if he had sold. It wouldn't be an issue if he had 'bed and ISAed' his holding before, but that is another matter.

The mind boggles!

In the meantime, the lower the price dips, the more shares the buyback is garnering, and of course the average cost per share continues to fall..

Interestingly awaiting the reply to fenners letter to Geoff Drabble and his successor when/if he gets it, no reason to delay..

[dcarn] 20/12/2018 16:57

Including todays RNS

Bought back - 21406519
Cost - £444,216,284.87
Average cost per share - £20.7514
Average daily purchase - 86666

[dcarn] 20/12/2018 16:51

Fenners,

Since this second buyback started on 15th Dec 17:

Bought back - 21256519
Cost - £441,787,351.82
Average cost per share - £20.7836
Average daily purchase - 86408

[bracke] 20/12/2018 12:46

HERE! HERE! I'm in total agreement fenners.

In the meantime the share price is testing 1600 again.

[fenners66] 20/12/2018 09:11

I would like to know what has been spent on buybacks at what price vs. the current share price.
This is not hindsight - I was against buybacks vs. paying down debt from the start but with the share price down 33% and presumably debt up rather than down this was a predictable outcome.

We all know that markets cannot go up for ever and we all knew that the US would raise rates and also cannot be expected to grow add infinitum.

So for me it may have been a long time since the board made a mistake - but I do believe this was a big one

Again if the board do read this - please think again.

Invest in the business , cut debt , reduce the interest cost and use that saving to boost sustainable dividends.
Better cash paid to share holders than paid out in interest cost to the banks.

I don't care if debt interest is more "tax efficient" I would rather the business made more profit than worried about the tax bill.

[mfhmfh] 19/12/2018 08:40

hxxps://citywire.co.uk/funds-insider/news/david-kempton-4-stocks-im-buying-as-grim-2019-looms/a1185934?ref=citywire-money-latest-news-list