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AHT Ashtead Group Plc

5,640.00
76.00 (1.37%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
Ashtead Group Plc is listed in the Heavy Constr Eq Rental,lease sector of the London Stock Exchange with ticker AHT. The last closing price for Ashtead was 5,564p. Over the last year, Ashtead shares have traded in a share price range of 4,386.00p to 5,794.00p.

Ashtead currently has 437,673,090 shares in issue. The market capitalisation of Ashtead is £24.70 billion. Ashtead has a price to earnings ratio (PE ratio) of 15.27.

Ashtead Share Discussion Threads

Showing 57851 to 57872 of 62650 messages
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DateSubjectAuthorDiscuss
19/3/2020
11:05
PS - that would have been REAL EPS ie higher profit , not a different ratio !
fenners66
19/3/2020
11:04
SMCNI - so a rough £35-40m in interest on the extra £1bn would be in line with your calcs then

The other part could have been that with a lower debt - would interest rates been lower across the whole £4bn remaining ?

Even 0.1% would have been £40m !

By my calcs - leaving the original number of shares at 528m that interest saving (say 35m +40m) would be 14p a share!

Again rough , but nearly the same (granted pre-tax)

Factor in the re-financing savings - every year (!) and you get just as good EPS with less risk.

Now we get to a new state where Govt debt around the world is going to go crazy and they will hope for inflation to inflate it away.

What cost of corporate borrowing next time they need the extra £bn refinanced ?

fenners66
19/3/2020
10:42
debt maturity:Bank $2,654 in 2023Notes $600mm due in each of 2025-2038 ($3,000 total)So not looking down the barrel of a refinancing gun this year at least.by my calcs the annual interest bill is about GBP175mm
smcni1968
19/3/2020
10:05
Thanks dcarn.

So it is over a £bn then.

Gives a £bn more headroom.
Would have cost what £40m less in interest ?
And of course my bugbear the % of the £bn in "exceptional" (although it happens every time) re-financing costs.

fenners66
19/3/2020
10:02
Exactly... well said !
amaretto1
19/3/2020
09:49
Shares 50,275,880

Cost £1,059,420,130

dcarn
19/3/2020
09:40
thanks dcarn , if you have the numbers to hand , can I ask , at what total cost and how many shares please?
fenners66
19/3/2020
09:37
Average price for buybacks as of yesterday, £21.07.

I personally don't think the additional £1b of debt for the buybacks make that much difference in the current markets, we'd still be getting hammered for the other £4.4b.

As of 31st Jan, net debt £5.44b, not good.

dcarn
19/3/2020
09:27
And they can forget wasting any time and money on rebranding as well.
I don't care who's idea that was.

fenners66
19/3/2020
09:25
What was the average price paid for the buybacks ?

At the time of posting here it was as if the company had made money doing it.

They hadn't.

They had committed the company to more debt, more interest and more finance renewal costs.

Those are real not ratios.

Real is starting to count today -not "maybe EPS" figures, to be fair not even Div Yield counts for much today.

I made these points at the time , not now with hindsight.

I said the constructed increase in EPS was assuming all other things remain equal and the company does not have control of all other things !

So a simple mantra is control the controllables and leave the speculating to others.

Where would the share price be NOW without £1bn of the debt ?

fenners66
19/3/2020
09:10
The FD must be a very shrewd person! LOL
optomistic
19/3/2020
09:03
When u think about it...Buying back shares... even yesterday .. with all this debt Beggars belief
amaretto1
19/3/2020
08:32
Direct Line Group has suspended their share buyback program .

I'm sure there will be others.

fenners66
19/3/2020
00:59
davidcar8 thanks for trying.

AHT has always been in a cyclical industry , this things could get bad, sometime.
Experts have an eye on the future and ensure the company doesn't get caught out next time.

Well they get paid as experts.....

fenners66
18/3/2020
18:43
Even 'smart companies' who are profiting from this sell off, are being marked down.

Regards.

tenapen
18/3/2020
16:53
In post 57855 I mentioned "smart companies". Need I post more.
bracke
18/3/2020
16:18
I have held these shares since 1994 and therefore have seen rises and falls over the years -down to 3p from the 70p I originally paid and later from 240p down to c25p in 2008'09, when I held 300000 shares. I subsequently sold 250000 leaving 50000 costing c70p each. I resolved to hold these for ever, but last week my resolve went when they dipped under £20 and I sold out, receiving £900k and asked myself why I had held on so long.

I still believe these are solid shares, but there is a lot of debt which bothers the market. I have never agreed with the share buy backs and wrote to Geoff Drabble in December 2017 requesting him to increase the dividend and eliminate buy backs -instead paying down debt. He did write back -but did not agree with me. I would not know if the fall today would have still occurred -but 50 years investing told me the shares would be in a better place if the debts were lower.

davidcar8
18/3/2020
15:40
agreed bracke - rules of the game totally change ... for all industries.
hatfullofsky
18/3/2020
15:37
amaretto118 Mar '20 - 15:26 - 57851 of 57852
0 0 0
Back to 3p then :-(

=========================================================

Yes please then we can all start again :-))

optomistic
18/3/2020
15:32
At 31 January 2020, availability under the senior secured debt facility was $1,446m, with an additional $2,949m of suppressed availability - substantially above the $410m level at which the Group's entire debt package is covenant free.
hatfullofsky
18/3/2020
15:26
Back to 3p then :-(
amaretto1
18/3/2020
15:18
If support counts for anything in this market the first is £12 the next is £8.
bracke
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