Ashtead Share Discussion Threads

[bracke] 06/2/2020 15:29

Good day perfido

The Democrats should never have impeached him. They were never going to win. They now appear to be a bunch of poor losers who refuse to accept the vote of the people added to which they can't count ( Iowa). Mr Trump will be loving it and looks even stronger.

ALL HAIL TRUMP!

[perfido] 06/2/2020 15:23

Trumps impeachment trial, a triumph of political expediency and partisanship over truth and justice.

It looks like we can probably now look forward to a pumped up market until after the presidential election, but the 'world's greatest democracy' looks pretty shabby now IMHO
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[perfido] 06/2/2020 15:23

(duplicated post removed)

[bracke] 06/2/2020 11:04

Onward and upward for the markets.Mr Trump can do no wrong.

The share price has broken up out of the ascending wedge and cleared £26.

Where next? I certainly don't know and perusal of financial web sites shows that opinions vary among the 'experts'. There does appear to be agreement that the vast sums of money the central banks are pumping into the markets is responsible for the rise.

Even the coronavirus has failed to stop the continuing rise. One ponders what will eventually bring the 'party' to a halt and reverse it.

ALL HAIL MR TRUMP!

[perfido] 05/2/2020 18:19

fenners

'However we are not through one cycle yet?' Where have you been?

Nevertheless, as usual we can agree to disagree on the question of dividends.

But I am astonished that you have not protected your gains from CGT within an ISA wrapper, really?

[fenners66] 05/2/2020 17:59

yes perfido I did the increase using 2019 figures not the 2018.

We acknowledge the share price has gone up and over the very long run if the funds are invested wisely in the business then you will see that. However we are not through one cycle yet so the 5 year period may yet prove to be a period of share price effervescence.

As for selling to fund income - there is an argument to sell to crystallise a CGT allowance - but if we expect medium share price growth why sell.

As the question said "What's not to like?"

My answer stands - the interim dividend is not high enough....

[bracke] 05/2/2020 17:47

All Time Intraday High - 2632.

Equal All Time Closing High - 2592.

[hydrogen economy] 05/2/2020 13:50

From start of FY 2014 to end FY2019 total divis 149.75p Cumulative EPS 645.9p. Where did the rest of the earnings go?

Reinvesting in the business driving share price from 30 Apr 2014 to 2019 582p to 2120p in the period

That's a gain of 238% of the cumulative EPS in the period!

The question might be why bother paying dividends when reinvestment is driving such a return.

[perfido] 05/2/2020 13:37

On a fair like for like basis the EPS figure for 2018 was 127.5p, not 195.30p. This latter figure as I am sure you know has been inflated by an exceptional tax credit from the remeasurement of the Group’s US deferred tax liabilities at the newly-enacted US federal tax rate of 21% rather than the historical rate of 35%, i.e. a 'one off'.

As far as the rate of dividend is concerned, it is the company's stated progressive dividend policy to set payments with consideration to both profitability and cash generation at a level that is sustainable across the cycle, something I am quite comfortable with. This is in accordance with the company's overall Capital Allocation Plan, which I am sure you are familiar with.

If you are short of income, have you considered selling down your holding to realise some of the considerable share price gains?
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[perfido] 05/2/2020 10:06

For the record, AHT's progressive dividend increase record:

Year...Interim..Final...Total.Growth
04/2020 7.15p tbc
04/2019 6.50p 33.50p - 40.00p 21.21%
04/2018 5.50p 27.50p - 33.00p 20.00%
04/2017 4.75p 22.75p - 27.50p 22.22%
04/2016 4.00p 18.50p - 22.50p 47.54%
04/2015 3.00p 12.25p - 15.25p 32.61%
04/2014 2.25p..9.25p - 11.50p 53.33%

This, together with the outstanding share price appreciation record over the last ten years make this well run company an amazing investment in my own experience, for my part, I am well satisfied. (DYOR)

[fenners66] 05/2/2020 10:03

The interim dividend being too low

[perfido] 05/2/2020 09:42

Encouraging start, looks like we are making a new intra-day high, and of course today is interim dividend payment date. What's not to like?

[perfido] 04/2/2020 18:06

Never mind bracke, I am sure there will be other opportunities :-)

As a LTH my 'masterly period of inaction' strategy seems to be paying off, I think that the government/central bank are doing a fine job!

[bracke] 04/2/2020 17:48

Good day perfido

"Did you manage to short the gap fill?"
=======================================

No I did not get a indication nor any indication of to-days rise.

The market is no longer a genuine market. At the sign of any drop central banks simply pump money in to prevent any fall. We now have complete government/central bank manipulation. It has become farcical.

[uppompeii] 04/2/2020 17:47

Perhaps you inadvertently hold some in funds?

[2flatpack] 04/2/2020 17:36

Evening All
It looks a long wait for the 200 day.
Managed to grab a few when it filled the gap, so I am at least a holder.
I was expecting a bigger retrace, but what the hell!
With all the head winds I am happy to sit on my hands for a while.
So its one - nil to the long term holders.
Cheers

[perfido] 04/2/2020 17:36

Doh!

It pains me to say this, but of course you are right.

Did you manage to short the gap fill?

[bracke] 04/2/2020 17:12

Not so perfido.

All Time Closing High was 2592 on 29 January.

Please pay attention!

[perfido] 04/2/2020 16:39

Nice day, +103p (4.1%), a new closing high of 2590p if I'm not mistaken.

Perhaps the recent date palindrome was more significant than I imagined?
.

[perfido] 03/2/2020 09:30

uppompeii

Lol!

... no comment!
.

[uppompeii] 02/2/2020 16:44

It may signal another share buyback?

[perfido] 02/2/2020 09:58

Fans of palindromes can't fail to have noticed that today's date in numeric form is an exceptional example: 02/02/2020 - the only one of this century.

Aparently the last time such a palindrome occurred was 909 years ago on 11/11/1111. It won’t happen again for another 101 years, when the calendar turns to 12/12/2121

What bearing has this on investment? None as far as I'm aware :-)

[bracke] 31/1/2020 13:48

perfido

The gap shows no sign of being a breakaway so I suggest there is a high probability it will fill in the short to medium term.

[perfido] 31/1/2020 13:42

Good afternoon bracke,

Yes of course you're right.

AHT is still avoiding the gap of 17th Jan too. Interesting to see what URI does this afternoon, yesterdays fall looks a bit overdone IMHO