Ashtead Share Discussion Threads

[discodave4] 19/7/2019 17:35

Afternoon bracke,Guess Tango man will be holding back on being too positive with regards to China trade until fed cuts at end of month, then no doubt a deal will be struck which is of significant benefit to the good ole US of A.....win win.

[bracke] 19/7/2019 14:44

Good day Disco

I agree there was a genuine increase in earnings which begs the question of buybacks. I agree we have discussed buybacks sufficiently already so each to their own.

As to rate cut I suspect the market would 'throw everything out of the pram' if it doesn't get one. 0.25% appears favourite with 0.5% the outsider.

[discodave4] 18/7/2019 17:56

Hi bracke,They are what they are, no amount of disbelief will change the fact that the reported eps will / did increase more than the analysts forecast - they know what the BB entails so not too certain your assumption is correct, no offence :)Anyway, no wish to debate BB's again, been there got the T shirt lol.Looks like Powell will get his orders from Tango man before month end!.

[jackdaw4243] 18/7/2019 16:52

G E a classic if it goes wrong.

[bracke] 18/7/2019 14:34

If a company buys back its own shares the earnings are spread over fewer shares thus increasing eps but earnings have not increased merely the perception they have.

History shows that such 'increases' are temporary.

[discodave4] 18/7/2019 14:07

Good day bracke.Increased eps which beat.

[bracke] 18/7/2019 14:00

Good day Disco

How would buybacks assist beating earnings forecast?

[discodave4] 18/7/2019 13:22

Hi fenners,And that's probably why they beat earnings forecasts!. :)BB's Not all negative IMO.

[bracke] 18/7/2019 12:44

Good day fenners

With interest rates so low and expected to go lower even to the point of negative there is no need to worry about debt or debt interest........until there is.

It seems cheap money is here to stay for the foreseeable future.

[fenners66] 18/7/2019 12:23

URI added $68m of interest cost.... and said they had cumulatively spent $840m on buy backs.....

Cut debt , cut debt interest , add profit and pay dividends it works.....

[bracke] 18/7/2019 10:41

Ref URI

"The markets climb a wall of worry" and given the rise in the US Markets the wall is high. When the markets are 'edgy' the slightest doubt is likely to cause a reaction disproportionate to the cause.

As SMCN posts URI and AHT are cyclical stocks ie. first to rise and first to fall during an economical cycle.

Yesterdays fall was probably a combination of URI results and the market overall drop. If the market pulls back up it will be interesting to see if URI and AHT go with it. Whatever the result yesterday gives a foretaste of cycle reversal.

[hatfullofsky] 18/7/2019 08:04

AHT down on sympathy

[discodave4] 17/7/2019 23:28

.....and they beat Q2 earnings and rev forecast as well, crazy IMO.

[discodave4] 17/7/2019 22:47

They only trimmed the upper end of their total rev and adjusted EBITDA by 1%. As usual complete overreaction with a 4.4% share price drop.They also said: "Importantly, the market outlook for the second half of 2019 remains positive based on feedback from our customers and the field."

[smcni1968] 17/7/2019 21:22

uri tanking 5% on a tiny cut to guidance, tough market for cyclical stocks

[bracke] 17/7/2019 17:20

A gallant attempt to close above 2300 but sellers say 'no'. Perhaps the data later will do the trick.

[smcni1968] 17/7/2019 15:44

United Rentals (NYSE:URI) is scheduled to announce Q2 earnings results on Wednesday, July 17th, after market close.• The consensus EPS Estimate is $4.51 (+17.1% Y/Y) and the consensus Revenue Estimate is $2.27B (+19.5% Y/Y).

[bracke] 17/7/2019 13:55

If we do place tariffs on EU goods I imagine the first to be concerned will be German car manufacturers. Last year they sold 950,000 cars in the UK.

[fenners66] 17/7/2019 12:15

Earnings for AHT in US $ so we benefit in £'s.
Self interest of course cannot be the reason for a no deal brexit ....

What I would do though is take the hit to the £, reciprocate any EU tariffs - call their bluff on that since balance of trade is weighted to them by £69bn - not pay most if not all of the £39bn, stop paying their annual subs £9bn + and due to rise.

As you said the balance of payments should swing more in favour of British industry but there will be a painful transition period so- use the money saved £39bn+ 9bn +tariffs to ease the pain for exporters and possibly some importers on a declining basis for a few years - buying a smoother transition - it may create some jobs such as filling in customs forms etc.

After a few years industry (lower £ and more competitive) should stand on its own two feet - then we take on the world.....

[bracke] 17/7/2019 10:41

Good day Disco

This will assist you



Good day fenners

"experts". It never fails to amuse me that so many 'experts' have completely different views about the US Markets. I saw a graph a few months ago which showed their calls about the US Market and what had happened. So many were wrong.

As to the £/$. As far as I can determine the low was 1.08 in Feb 1985 and more recently 1.20 in Jan 2017. Exporters should be euphoric with the current rate and probability of lower to come. Importers will be alarmed to say the least but it should improve the UK trade balance.

[fenners66] 16/7/2019 22:06

Bloomberg today had experts coming up with cable rates in the event of a "No deal" brexit.

One said £ to fall 15%
Another said $-£ parity

A fall of 20% ....

Bring it on ......

[discodave4] 16/7/2019 19:38

"A shunt"Is that TA language!?, or rhyming slang, :)

[bracke] 16/7/2019 17:18

A better day to-day. It returned to yesterdays high and closed at that level. Now requires a shunt to take it over 2300.

[discodave4] 16/7/2019 10:20

Thanks bracke.Doing its best to get back :)

[bracke] 15/7/2019 14:57

The share price has retraced to just above 2200 and has moved up slightly. The next phase is the important one. If the rising trend is to continue it needs to show willing and make a new high ie above 2338.