Ashtead Share Discussion Threads

[perfido] 11/2/2020 10:30

Hi Riley109,

I have amended my earlier post 57677 to reflect my further thoughts on the Shares/Dividend position, showing the approximate number of qualifying shares as at the ex-div date of 17/01/19.

Not an exact science, if anyone has a better handle on this, your contribution would be welcome.

Good luck with your latest investment!

[perfido] 11/2/2020 10:19

Thanks dcarn, this seems to have spurred AHT on this morning.

[dcarn] 11/2/2020 09:56

Ashtead boasts ‘stand-out value’, says Jefferies
Jefferies believes equipment rental group Ashtead (AHT) has plenty of scope to grow into markets in the US.

Analyst Will Kirkness retained his ‘buy’ recommendation and target price of £32 on the shares, which were trading at £26.52 yesterday.

‘Our proprietary analysis of US construction permitting activity overlaid with geomapping of Ashtead sites suggests plenty of scope for growing into white space and increasing penetration in active markets,’ he said.

He added that 8% US organic growth was ‘sustainable’.

‘We are comfortable with our third quarter estimates and think Ashtead is stand-out value,’ said Kirkness.

[riley109] 11/2/2020 09:25

Thanks Perfido,
So 164.2/.33p = 497m shares owned.Very interesting,shot up this AM due to HS2 as did just about everything else.Have also bought into Galliford Try as can only see upside there,
Regards,

[perfido] 10/2/2020 17:53

bracke

Thanks for your update on chart uploads, shame, it was very useful.

[riley109] 10/2/2020 15:41

Afternoon Perfido,
What I want to know is are all the shares ex treasury owned or are there always a surplus with the market maker.If the share issue was fully subscribed then there would be none to buy back.Is there a figure for the amount paid out in dividends say for last year,divide by the div would give the shares actually owned.I'm just interested in how many shares are dormant so to speak.

[bracke] 10/2/2020 11:28

perfido

Not yet found a free upload site for charts. One I did find enabled me to post on other sites but not ADVFN. Hopefully I will find one eventually.

[perfido] 10/2/2020 10:35

Good morning Riley109

I'm not sure whether I really understand where you are going with this, but A Plant is in fact a wholly owned subsidiary of the Ashtead Group plc.

Currently Ashtead Group ordinary shares in issue total 451.9 million (excluding Treasury), and there is a further 2.285 million ordinary shares held in Treasury as a result of the buyback, without voting rights or dividend entitlement. (see RNS dd. 7/02/20

Previously Ashtead Group plc cancelled 45 million 'buyback' shares formerly held in Treasury on 02/01/20 (see RNS)

I hope this helps..

[perfido] 10/2/2020 10:18

Good morning bracke

Fair enough, hatchet duly buried.

Now, any chance of your useful TA graphs which we all appreciated making a return, or did your quest for a solution prove abortive?

[bracke] 10/2/2020 10:07

Good day perfido

"What you are attempting to pass off as ill- judged humour others may well recognize as a naked attempt to stir up the buyback controversy again."
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It wasn't. My questions were stand alone.


"I do hope dcarn will not be deterred from posting his useful statistical summaries in the future, as a shareholder I value them."
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I will not comment on them in future.


"Shall we agree to move on?"
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Yes.

[riley109] 10/2/2020 09:41

Could someone tell me if all A Plant shares are in circulation during a financial year or are there a significant amount never bought,or the amount paid / by the div to give the number of shares owned.I'm not very good at sums.

[dcarn] 09/2/2020 19:47

Well that stirred up a hornets nest.

I think I posted when we reached £1/2B, definitely did when we reached £3/4B and obviously when we reached £1B last week, imho all important milestones.

I'll also post the details when/if we reach £1.5B, as again imho it will be another milestone. Far better to get factual data than some of the rubbish that clog up these boards.

Buybacks? Personally if it were me I’d pay down debt, perhaps a simplistic approach and the reason I don’t manage a FTSE 100 company. AHT management have done an exceptional job over the last 16 years and to date I’m more than happy with any approach they take as its made all shareholders a hell of a lot of money.

[perfido] 09/2/2020 17:50

Come, come bracke,

What you are attempting to pass off as ill- judged humour others may well recognize as a naked attempt to stir up the buyback controversy again.

I do hope dcarn will not be deterred from posting his useful statistical summaries in the future, as a shareholder I value them.

Shall we agree to move on?

[bracke] 09/2/2020 11:46

Good day perfido

I thought you had been posting on this thread long enough to recognise my sense of humour, obviously not. My error.

Good day dcarn

My 'dig' at you was another example of my sense of humour. I would be upset if you thought it was any thing other than that.

Good day fenners

A diplomatic answer.

[perfido] 07/2/2020 20:07

Ask who you like bracke, I really don't care. I'm here to make money, you clearly aren't. Was it really necessary to have a go at dcarn as well?

[bracke] 07/2/2020 18:28

perfido

I fully understand 'notional'

My questions were very straight forward and certainly not intended to catch you out.

I merely wanted straight forward answers.....perhaps fenners can assist.

[perfido] 07/2/2020 16:57

Good day bracke

I would draw your attention to the disclaimer at the foot of my post, I'm not for kicking off the debate again.

If you can't understand the concept of notional profit, perhaps consider it as cost avoidance, the additional amount that would have had to be spent to buy the shares at today's prices.

Also:
* Clearly if AHT had overpaid, you would be talking about a loss.
* I now own 10% more of the company than before the buyback commenced
* There are 10% fewer shares sharing the dividend pool
* The impact on the share price cannot be quantified, but I have no complaints :-)

That's my final word, I hope it helps.

P.S. Are you actually holding any AHT shares, or just here for the craic?
.

[bracke] 07/2/2020 14:11

Good day perfido

Who has/will receive the "notional profit"?

When did/will receive the "notional profit"?

Or perhaps the notional becomes reality if shares are sold at the current price.

What part of the notional/realised profit is due to buybacks and what part due to the company's operations.



Good day dcarn

Following the great Buyback Debate this thread had returned to calmer waters and was proceeding in an orderly manner. Your post which I've no doubt you will state was posted in all innocence (you expect us to believe that!) is likely to have the same affect as jabbing a sleeping tiger with a pointed stick!!

[perfido] 06/2/2020 19:06

Thanks dcarn.

So, in theory, a notional profit of £251.8 million at today's price.

(edit: Notional profit: Something that is notional exists only in theory or as a suggestion or idea, but not in reality e.g. the notional value of state assets.)

(disclaimer: its not my intention to reignite the buyback debate either, just a statement of fact)

[dcarn] 06/2/2020 18:16

Just a small disclaimer from myself, its not the intention to reignite the buyback debate but for anyone interested today we passed the milestone of £1 billion spent since buybacks commenced on 15th Dec 2017.

47235879 shares bought back for a not inconsiderable total of £1,001,065,605.46 at an average price of £21.19.

[bracke] 06/2/2020 16:53

And All Time Intraday High - 2660.

[perfido] 06/2/2020 16:52

I thought Clinton more famously said 'it's only a small stain, I'm sure it will wash out' :-)

They all have feet of clay, don't they?

[bracke] 06/2/2020 16:49

perfido

"Unfortunately it appears that a majority of US voters are believing the Trump rhetoric and blind to his faults, so it may well be 'four more years'."
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Reminds me slightly of Tony Blair's re-election following our entry into the Iraq war and the debacle that surrounded it. I thought the Electorate would punish him for it but no. Because people were doing well with the economy that's what counted. That we were taken into a war under false pretences didn't matter. As Mr Clinton said "It's the economy stupid".

[perfido] 06/2/2020 16:45

New closing high, 2652 (intra day high 2660)

Lovely jubbly!

[perfido] 06/2/2020 16:39

bracke,

Re character and misfeasances above
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For example, I don't think that the withholding of military aid to Ukraine, an ally who was effectively at war with Russian proxies, to try and force an investigation into a political foe of Trump was generally well known, or the extent of Rudy Giuliani's involvement, or the sacking of the US ambassador was public knowledge before the hearings.

However, I have a feeling that you are right in that more will no doubt emerge in due course.

Unfortunately it appears that a majority of US voters are believing the Trump rhetoric and blind to his faults, so it may well be 'four more years'.

God help us!
.