Ashtead Share Discussion Threads

[fenners66] 10/8/2019 09:53

Up to eight more hurricanes could strike the US this season, the National Oceanic and Atmospheric Administration (NOAA) is now warning.

This would represent a greater-than-normal level of activity, with six hurricanes being typical of an average six-month hurricane season.

[fenners66] 10/8/2019 00:10

You are quite right a better approximation would be

751/499 = £1.50 a share

Say payable in 10 half yearly instalments with only 20% having been spent in the first year .... leaving £600m lower debt to accrue more EPS with - real profit not just manipulated EPS calcs.....

Oh and that would add 75% to the dividend...and I would have more money in my pocket and still be a shareholder.


I have been reading lots of peeps complaining about buybacks on other boards.

Standard Life Aberdeen for instance.

Consensus on that board is that buyback was a complete waste of money and has done less than nothing for the share price....

[ianwwwhite] 09/8/2019 16:50

Hi bracke,

I would respectfully suggest that the latest RNS is a more accurate source:

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Following the purchase of these shares, the remaining number of ordinary shares
in issue will be 462,680,321 (excluding Treasury shares), and the company will
hold 36,545,391 ordinary shares in Treasury. (8th Aug 19)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

However, I am not sure that dividing the total buyback expenditure since 15th Dec 2017 by the current Shares in Issue gives any meaningful result?

[bracke] 09/8/2019 16:44

Good day ian

I took the figure from the 'financials' page on this site.

[ianwwwhite] 09/8/2019 12:18

Thanks dcarn for this information.

So we are currently looking at a reduced number of shares participating in the rising dividend distributions, and a notional 'profit' on the shares held in treasury against the current market price.

Nevertheless, I remain neutral on the pros and cons of the share buyback, and I too have no wish to reignite the previous debate.

I am not sure what point bracke's post 57166 is making but 477,750,000,00. shares? This is at odds with the figures I see.

[dcarn] 08/8/2019 22:56

£751,035,396.36 / shares purchased in buyback 36,455,391 = £20.6015 average cost of share purchased.

[bracke] 08/8/2019 13:29

A gap up to fill the first gap up. Now which gap to fill next? Decisions, decisions.

dcarn

Thank you for the information.....I think.

£751,035,396.36. / shares in issue 477,750,000,00. = £1.57/share.

[dcarn] 08/8/2019 10:35

Whilst its not the intention of this post to reopen the age old buyback debate, for anyone that's interested, as a result of yesterdays purchase AHT have now utilised £3/4 Billion since the most recent buyback commenced on 15th Dec 17.

£751,035,396.36 on 36455391 shares at an average price of £20.6015.

[ianwwwhite] 07/8/2019 18:20

Hi bracke,

Just come in to find that we have bounced a little today, but unfortunately the US markets are heading lower.

Maybe Mr T's pronouncement has some bearing or is this a case of retro justification?

'I expected markets to plunge even MORE says Trump amid another Wall Street sell-off as he says he is right to fight China because it has 'taken us to the cleaners for 25 years'

Seems like we probably have more turbulence ahead, but is Mr T really in control of events?

[bracke] 07/8/2019 17:04

Reasonable volume to-day to hold share price above 2100 but no attempt to fill the gaps.

[bracke] 06/8/2019 14:13

Good day ian

And it's whiffy in the USA as well!

Come September will the FED drop another 0.25% or even 0.50% and will that lift the market. 'May you live in interesting times' has a 'ring' to it doesn't it.

[ianwwwhite] 06/8/2019 14:04

Good day bracke,

Thanks for you views. What a strange time in the markets when gains and losses are not related to company fundamentals, but subject to the whim of what Trump posts.

Is there something rotten in the state of Denmark?
.

[ianwwwhite] 06/8/2019 14:00

HE
Wrong thread? Although posters here are hoping AHT will eventually takeoff... :-)
.

[hydrogen economy] 06/8/2019 13:01

Sorry posted on wrong BB

[bracke] 06/8/2019 12:08

The share price is at a crossroads. The last high was a lower one and it has made an intermediate lower low which coincided with a major fib and the PF upper quartile.

Barring a tweet from Mr Trump which the market views as positive the share price looks to be heading for 2000 with probability of 1970.

There are two gaps to the upside so if Mr Trump does shore up the market the fills may be good trades.

AHT DAILY

[ianwwwhite] 05/8/2019 18:31

It doesn't look like the effect of the recent Fed rate cut lasted very long!

I imagine Trump has a pre-election 'to do' list which might need to include the following:
- sort out the China tariff war
- get Iran back to the negotiating table
- get North Korea talks going again
- improve relations with Russia
- neutralise the fallout from the last US election investigations
- keep the US economy going and reinvigorate confidence in the stock market

For a man who claims he is all about 'the art of the deal' he seems to have singularly failed to impress so far, and has a lot to do before justifying re-election?

[bracke] 05/8/2019 17:52

"how long can Trump afford to let this continue is the question..?"
====================================================================

Mr Trump appears to consider the stock market the gauge of his success as President and not the economy as his predecessors have done.

The General Election is 03 November 2020 so allowing the markets to ease back and then ramping them back up in time for 03/11/2020 may be his tactic but who knows with Mr Trump!

[ianwwwhite] 05/8/2019 17:27

As for AHT, I note the DOW is currently down -2.3% (-609)and a sea of red, so it looks like we are in for a bit of turbulence in markets all round - how long can Trump afford to let this continue is the question..?

[ianwwwhite] 05/8/2019 17:13

Good afternoon bracke,

I can but agree with your PET comments, without knowing the underlying investment case the current price action appears akin to buying 'a pig in a poke', with mostly hope and no certainty.

Loads of ramping going on, I have a feeling it's like a game of 'pass the parcel', I wouldn't want to be a holder when the music stops.

Like you I am not tempted to join in, but it does make interesting viewing from the sidelines...

[bracke] 05/8/2019 14:13

Good day ian

'Entering PET game of chance'. No thank you. I was a holder many years ago and sold out on one of its occasional spikes to nearly double my money; one of my better purchases. Since then I have watched its progress out on interest.

The latest saga is intriguing. Why have two high flyers bought 30% of a penny share company's shares?

The share price has increased considerably in % terms purely on the basis of the purchase and the expectation that the new holders will achieve what the PET Board of Directors have failed to do in many years. Are the new holders really going to do wondrous things while holding only 30% of the shares and let the holders of the other 70% benefit from their expertise?

I watch with interest.

AHT wise and all share wise it appears we are all in the hands of Mr Trump...what a thought!!

[ianwwwhite] 02/8/2019 18:24

Good afternoon bracke

Thanks for you views, it looks like there is a bit more 'angst' to come next week. Do nothing is my own favoured strategy, 'it's not our first rodeo' as Mr T might say..

Do I get the impression that you are thinking of entering the 'PET' game of chance? The phrase 'swimming with sharks' comes to mind. I was amazed to read that one PET poster had waited eighteen years, and still had not closed his deal at a profit..

The mind boggles!!

(No advice intended, really!)

IWW

[bracke] 02/8/2019 15:40

What Mr Trump says and what Mr Trump does are always the same. You will remember he threatened to apply additional tariffs and then postponed them.

A nice 'chunky' 85 point opening gap to-day, anyone trading it?

That was a big drop on opening to go below the last intermediate low but has pulled back up above the lower range support. Concerning but as long as it closes above 2200 not overly so.

[ianwwwhite] 01/8/2019 22:59

Stocks fell sharply on Thursday, erasing a big surge from earlier in the day, after President Donald Trump said the U.S. would impose an additional 10% tariff on Chinese imports to the U.S.
The Dow Jones Industrial Average closed 280.85 points lower at 26,583.42 after rallying as much as 311 points earlier in the day. The S&P 500 ended the session down 0.9% at 2,953.56 after rallying more than 1%. The Nasdaq Composite closed down 0.8% at 8,111.12 after jumping more than 1.6%.

[smcni1968] 01/8/2019 22:44

trump with a new 10% tariff on the rest of chinese imports