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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ashtead Group Plc | LSE:AHT | London | Ordinary Share | GB0000536739 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
76.00 | 1.37% | 5,640.00 | 5,642.00 | 5,646.00 | 5,666.00 | 5,548.00 | 5,562.00 | 1,063,970 | 16:35:07 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Heavy Constr Eq Rental,lease | 9.67B | 1.62B | 3.6961 | 15.27 | 24.7B |
Date | Subject | Author | Discuss |
---|---|---|---|
10/12/2019 12:45 | From Numis:Analyst meeting feedback. Key points: 1). Capex Management stressed that while growth capex would be towards the lower end of its range, it was just a pragmatic stance given some of the market indicators for slower growth in the US economy. Capex can be increased at short notice. Greenfield opening activity will still continue, and investment in its speciality business remains unchanged. 2). Diversification Management once again outlined the diversity of the business. Non-construction activity accounts for c.50% of US revenues. This portion is far less cyclical and offers a greater structural opportunity in the shift to rental (general tool has a c.55% rental penetration, while speciality is | smcni1968 | |
10/12/2019 12:40 | Mater and I have purchased. EDIT It was the 0.65p that swung it. | bracke | |
10/12/2019 12:26 | · Numbers: Group revenue increase by 17% to £1.4bn Group pre-tax profit increased to £371m (£348m) and compares with a Numis estimate of £372m. EPS increased by 9%, and DPS of 7.15p is an increase of 10% YoY. Sunbelt US Rental Revenues increased by 12% YoY. This included like-for-like (same-store and greenfield) of 8%. This compares to 12% in Q1, and reflects the impact of a lower contribution of hurricane-related revenues. Excluding this rental revenue growth in Q2 increased by 14%. YoY comparatives get tougher in H2. US EBITDA increased by 14% to $786m, with a margin of 52.2%, which compares to 51.6% a year ago. UK The market remains challenging, and management has taken the decision to further de-fleet, and refocus on higher utilisation production and cash generation. Capex outlook As expected, management has updated its capex outlook for the FY. We note that growth capex is now expected to at the lower end of its previous range (growth capex range $1.0-1.1bn previously). While customer activity remains strong, we believe this reflects a pragmatic view of capital allocation, and its ability to increase capex at short notice. General outlook The market outlook remains largely unchanged, and customer activity remains strong. Excluding FX, management expect the FY pre-tax profit to be in-line with market expectations. We note there are FX headwinds from the recent strength of Sterling (U$/£ currently 1.31 versus 1.24 at the time of Q1 reporting). Valuation The shares trade on a calendar 2020E PE of 11x, and continue to look attractive. | smcni1968 | |
10/12/2019 12:24 | Good day perfido "I notice there might be a bit of a gap to fill?" ==================== Yes just a couple. I am also considering a purchase for myself and Mater. As is usual the pendulum over swings. A Conservative victory would likely strengthen the £/$ but I prefer that to the alternative. Provided the US economy holds up there should be no problem but I am aware that AHT is a cyclical share and the current cycle has had a long run. | bracke | |
10/12/2019 11:19 | I notice there might be a bit of a gap to fill? ... so I've bought back the shares I sold at 2427p on 4th Nov, for 2195p to add to my long term hold position. Might be a bit premature, but I'm prepared to be patient ;-) | perfido | |
10/12/2019 11:04 | Good day fenners I suppose you'r in 'Grouch' mode after the 0.65p. Ebenezer fenners is not amused. | bracke | |
10/12/2019 11:00 | From post 57419 "It's also worth noting that the Daily chart shows that the share price remains in the rising trend range." ==================== The share price pierced the lower trend line to-day but has moved back up to rest on it. It's held above this line for nine months so a close below it would be concerning. The rising £/$ doesn't help so best hope for a Labour victory. | bracke | |
10/12/2019 10:49 | Word is extra valentines presents are off ! | fenners66 | |
10/12/2019 10:35 | "2400 hit. Now what about that gap....maybe tomorrow with the results." ==================== There IS a gap but not the one I was thinking about! When the market closed yesterday and I saw the long upper wick on the daily candle it usually means a fall will follow. If you look at the 3 month chart above you will see it is the case. I didn't post my thought thinking 'no, this is AHT and results tomorrow, it will rise'........... Word is that fenners will donate his 0.65p additional dividend to the share buyback programme. | bracke | |
10/12/2019 09:36 | I had a brief read before going out. EPS half year up by about 10 p Dividend up by 0.65 p what the heck is that all about? How do I get to share in the reward remaining a shareholder with that paltry amount! | fenners66 | |
10/12/2019 08:20 | Quarterly and H1 numbers in line. PBT/EPS plot in link below as I haven't worked out to post pics in ADVFN hxxps://www.ii.co.uk Outlook a little short of enthusiasm. "Thus, except for the UK and a currency headwind, we expect results to be in line with our expectations and the Board continues to look to the medium term with confidence", so all good except for the bits that aren't. UK clearly struggling, Co says action being taken. Sunbelt Canada generated more profit than UK which slipped from 44m to 30m for H1. UK margins slipped to 17.7% to 11.7% due to competitive environment. Presumably this reflects low spend due to Brexit and other uncertainties, so maybe will recover once clearer. If not I imagine the discussion will be about how best to exit UK. | hydrogen economy | |
09/12/2019 12:33 | Riley - we knew that on Friday and it was a sudden spike this morning - so no I don't think so. Having said that we are back down again now anyway! | fenners66 | |
09/12/2019 10:58 | 2400 hit. Now what about that gap....maybe tomorrow with the results. | bracke | |
09/12/2019 10:32 | this had something to do with it. | riley109 | |
09/12/2019 08:57 | No idea - it's opening market noise | davr0s | |
09/12/2019 08:55 | Any news behind the market tick up ? | fenners66 | |
08/12/2019 15:42 | Or stop buying the shares....I suppose they could sell them at a profit. | bracke | |
08/12/2019 15:30 | Good day bracke, Yes, given I understand the maximum holding in Treasury is 10%. Cancellation in one of the options. | perfido | |
08/12/2019 14:19 | Good day perfido Are you thinking intention to cancel shares? | bracke | |
06/12/2019 18:32 | Yep, up 2%, +47p to 2376 a decent rise, and one day to go before 2Q19 results, and then what? We LTHs remain sanguine :-) In the meantime, as the 'shares in Treasury' approach 9%, should we expect a statement of intent? . | perfido | |
06/12/2019 15:31 | A good run up to-day only 2400 to break then the gap. | bracke | |
04/12/2019 11:10 | Good day fenners You will find this of interest. | bracke | |
04/12/2019 10:58 | I did not mention watching Simon Reeve's USA program some weeks ago - he talked about most of the US infrastructure of roads and bridges etc having been constructed in the 1930-40's. There must be a huge amount in need of replacement... | fenners66 | |
04/12/2019 10:44 | There are a few resistance zones 'precious' has to overcome before returning to the dizzy heights of recent. The first 2316 which it reached this morning but has not yet broken above. The next is 2360 which may be a tougher nut to crack; it was a very strong support zone. If it can break through 2400 is next. The 'chunky' gap at 2444 might be described as a Breakaway Gap but it does not have the usual high volume associated with such a gap. It's also worth noting that the Daily chart shows that the share price remains in the rising trend range. | bracke | |
04/12/2019 08:29 | Q2 results to end Oct due out on 10th (Tues). US economy bumping along OK in the period albeit with manufacturing down, construction pretty much flat. UK still suffering from low investment. On recent record with the acquisitions and market share growth should give decent numbers, I guess the attention will be more on the outlook and in any case the share price reaction is often counter-intuitive. I am currently not holding, having offloaded in the recent strength. Never comfortable without a few AHT on the books so hoping for a chance to make a modest buy ahead of the results, Mr. Trump seems to be on the case. | hydrogen economy |
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