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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 57926 to 57945 of 62650 messages
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DateSubjectAuthorDiscuss
15/4/2020
11:41
"perfido
14 Apr '20 - 21:23 - 57945 of 57948

Surprised to read that you are invested in airlines fenners"

Where did you read that ?

I guess that could explain a lot

fenners66
15/4/2020
10:51
Yes keeping well and so far have avoided the virus but I do ponder if it is only a matter of time.

Your reply....so be it.

bracke
15/4/2020
10:47
Good day bracke,

I trust that you are keeping well.

I have mentioned before I am neutral on buybacks, and seek only to redress the balance on this board, after all Buffett likes them, some others do not.

The real question is whether I am prepared to own and profit from a company who's declared intention within the capital allocation plan is to finance acquisitions, purchase equipment, pay dividends and in times when there is a surfeit of cashflow, buy back some shares.

I am and have profited accordingly. If you are objective, the debate ends there as far as I am concerned.

perfido
15/4/2020
10:11
Good day perfido

I have no desire to resurrect the buyback debate. We have agreed to disagree.

Irrespective of what type of company has been buying back its own shares the question has to be asked.....was it the best use of company money for shareholders.

I do not want an answer from you just for you to approach it open minded.

You may think that if it were not for 'the virus' it would have been ok but I would suggest that at some point the market was going to turn and the affect would have been similar.

You may still consider buy back was the preferred option, so be it.

bracke
14/4/2020
20:23
Surprised to read that you are invested in airlines fenners, I thought that you would have followed the advice of a well known successful investor and given them a wide berth well before the CV issue arose.

Seeking to conflate this with Ahstead seems to be flawed thinking, AHT is not an airline and not seeking a government bailout, as far as I am aware.

Having banked some profits last year to mitigate risk I am well satisfied with AHT performance, and continue to hold a few remaining shares, why do you?
.

perfido
14/4/2020
15:45
Bloomberg discussing airline bailouts with director general of IATA.

He's saying dont give refunds for flight tickets and give vouchers or at worst give a refund in 12m time.

So he represents airlines that not only dont give a fig about shareholders , they dont give a fig about customers.

At least they have caught up with saying that any state aid should be in return for equity stakes.

That completely nails the falsehood of spending all their cash on buybacks.
New shares would be issued at a fraction the old ones were bought back.

fenners66
10/4/2020
16:17
The outlook for some of those relying on dividend income is looking pretty bleak:


.

perfido
09/4/2020
21:04
Gold miners
amaretto1
09/4/2020
21:03
Will the miners hold up and become a hedge is the question !
amaretto1
09/4/2020
21:03
All i can say is GOLD !!!
amaretto1
09/4/2020
17:39
Good day perfido

Wasn't it Harold Wilson who said a week is a long time in politics. It equally applies to the markets particularly at this time. I do look at 1 and 5 year charts because surprising at it seems s/r does sometimes come into play from time past.

My post 57934 was considering if the gap to £22 would be filled before a retrace. From that perspective it was a short-medium term view.

As to what the share price will do in 1, 5, or 10 years time I do not know and neither does anyone else. By restricting my analysis to the near time I'm in with a chance of being correct.

It's interesting to consider the DOW is back up to the level it was at in January 2019 before there was any sign of virus. Economies throughout the world are in a chronic state, massive unemployment, company closures, etc, etc. Markets should be on their knees but thanks to Mr Trump and $Trillions they are being artificially inflated. At some point reality will return. What then?

bracke
09/4/2020
16:43
Good evening bracke

I continue to be amazed that some posters still maintain their holdings in this company despite their obvious dissatisfaction with the way the company finances are managed.

I note that fenners has taken a haircut in the past, was it a question of poor judgement on the part of the directors?

I note your comments about the 2,3, and 4 hour charts, not being a chartist I wonder what the 1, 5 and 10 year charts tell us? Its a question of perspective!

perfido
09/4/2020
16:35
"should have their bonuses removed"
===================================

Just their bonuses?

The share price now has a decision to make. To go for the gap fill up to £22.

The 2, 3, & 4 hour charts suggest a retrace may come before £22.

bracke
09/4/2020
16:19
10% more of the company
EPS forecast down about 10 %
So share price falls back from the high anyway.
Debt increases
Interest cost increases
Long term refinancing charges increase.
Potential interest rate increases based upon higher debt.
Risk of non payment of dividends increases.

For me the last part is absolutely unacceptable.
Dividends were not increased in line with increases in earnings.
Any director who sanction both buybacks and dividend cuts should have their bonuses removed and have their salary reduced by at least the same % - before that outcome is passed to the owners.

Yes there are precedents of directors taking pay cuts.
Yes I have done so myself in the past.

fenners66
09/4/2020
10:52
Good day bracke

Re 57930: All the rise DESPITE the suspended buybacks.

The current purchasers will be buying in the knowledge that there is every chance the buyback programme could be resumed in due course, like it or not. It is somewhat naive to think of it purely as a share price support mechanism. Nevertheless, the shares did close at a high of 2774p in Feb, whilst the programme was still active.

More importantly for me, shareholders now own around 10% more of the company than when it started, and their patience will be rewarded IMHO.

perfido
09/4/2020
09:38
On 2nd April I commented on 2020-22 EPS forecasts as 192p 178p 207p Today I see they are cut to 191p 163p 191p. Last week I got a DCF share value of ~2400p, with today’s numbers I get 2100.

We have had a great recovery since the low in March, I think there are likely to be further earnings cuts as the recession deepens and spreads so I feel the balance of risk is now to the downside si I sold some today and will watch how things go. I expect long term this will be higher, but hard to say when and there is a good chance another good buy-in price will likely present itself.

hydrogen economy
09/4/2020
09:25
Good day perfido

All the rise without the aid of buybacks.

bracke
09/4/2020
08:31
Since the somewhat negative posts 57926 and 57927 Ashtead has gone up more than 400p (<>1600 to 2000+) or 25% on this morning's prices with strong buying evident.

Keep up the good work, lads!

P.S. I do hope anyone doing a 'bed and ISA' transaction did it at the right price....

perfido
03/4/2020
23:10
"Our impression, however, is that too many investors have been content with blindly following each other like lemmings down the buyback road and over the capital allocation cliff into value destruction — and must carry their share of the blame. To this end, we believe that in many cases so called “professional investors” are complicit in destroying long-term shareholder value."
fenners66
03/4/2020
06:28
Can't see any reason .. whatsoever the FTSE stopping up here 4500 needs to hold
amaretto1
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