Ashtead Share Discussion Threads

[ianwwwhite] 05/5/2021 08:49

Is it just me or does anyone else get the impression that fenners is not happy about the buyback?

:-)

.

[fenners66] 04/5/2021 19:16

I see the way overpriced buyback has started....

[amaretto1] 01/5/2021 07:27

U need to focus on S+P DOW ..What are they telling you ?

[bracke] 30/4/2021 11:11

Efforts to get the share price over 4700 are not proving as easy as we may have thought. Perhaps when the Biden trillions are passed in both houses it will provide fresh impetus.

In the meantime the chart is starting to take on the form of 'Head & Shoulders'.......but as we know AHT like to surprise!!

AHT 4 HOURS

[fenners66] 29/4/2021 12:39

SP rose whilst I was typing that.

[fenners66] 29/4/2021 12:39

Caterpillar saying they may not be able to meet end of 2021 demand due to chip shortages.

So the read across would be increased second hand values.

If there is greater demand and no supply , either that means the rental companies are not going to get the machines to rent.... or the construction companies looking to buy cannot get them and so they come to the rental companies pushing up demand , utilisation and price...

Hope its the latter , after all if you are buying $100m of plant every year , you want to be at the front of the rationing queue.

[bracke] 29/4/2021 10:59

A fair amount of selling volume yesterday as investors becoming nervous about Biden's spending plans. This morning the share price is meeting resistance at 4700 as expected.

Prospective investors now have a decision to make. Is the drop merely a retrace due to Biden related nervousness and all will be well or is this the start of a market adjusting to what is to come.

[perfido] 29/4/2021 06:24

URI announced strong Q1 results and raises guidance for the year

[perfido] 28/4/2021 21:38

Hi fenners,

Lol!

Good to know you are keeping the (AHT) faith...
.

[fenners66] 28/4/2021 21:02

No hees (he's) Not !

Always watching the competition though to get a read across.
They wrote $61m off goodwill last year - How ?!?

[perfido] 28/4/2021 20:06

Duplicate post deleted

[perfido] 28/4/2021 20:04

Thanks dcarn,

I guess FED's latest update on policy tomorrow may also sway the market ....

Interesting and rewarding times, and AHT still a once in a lifetime investment opportunity for holders, as in my modest portfolio :-)

fenners is looking at H&E (HEES) but as an investment opportunity, has he noticed their dividend record?

lol!
.

[dcarn] 28/4/2021 18:53

United Rentals Q1'S after the bell tonight.

They may dictate tomorrow's direction.

[perfido] 28/4/2021 18:21

Around 3mil shares traded today.

Must be due for a rebound tomorrow?

fingers crossed :-)

[bracke] 28/4/2021 10:45

As I type the share price has dropped below the lower trendline. It can be seen on the chart below there are three possible areas of support: lower quartile of p/fork (blue line), fib or 4600. They are very close to each other but I suspect it will touch 4600.

After it dropped below 4700 yesterday it did go back to test from below but was sent back down. Sellers were in charge.

Short remains open for now.


AHT 4 HOUR

[riley109] 28/4/2021 09:29

Ripe for a takeover then!been established since the sixties so maybe need a boot into the 21st.

[fenners66] 28/4/2021 09:16

Just read the H&E quarterly accounts
I think I have said this before , but they are the driest, blandest , most boring set of accounts ....

I skimmed the whole lot but did not find anything about outlook.
There was no ordinary narrative, just commentary on results , but all that only after the warnings and caveats and explanations of policies and abbreviations.....

No headlines ...errgh

I know I complain about misleading headlines but no attempt to help the reader is so boring !

[perfido] 27/4/2021 18:48

AHT, a 'setback' day - perhaps a pause for breath after a stunning climb in the last few weeks?

May be a chance for those who are short to close out their positions before the next leg up, albeit at a loss? I do hope so.

:-)
.

[bracke] 27/4/2021 11:11

Some profit taking this morning which is unsurprising. Viewing the chart it will be seen that the two previous pink flags mark a similar occurrence at a round £ number.
The share price is currently testing 4700

AHT 4 HOUR

[fenners66] 27/4/2021 00:27

I see H&E managed to get over $40
They had been stuck below $20 for so long

[perfido] 26/4/2021 08:57

Nice one Hawaly, thanks

[hawaly] 26/4/2021 07:25

Yesterday:

"Ashtead predicts boost from US infrastructure plans
The head of construction equipment hire group says a wave of spending is more likely than it has been for a generation"







3 links to article here:




GLA 😎

[perfido] 23/4/2021 17:51

Hi fenners,

Thanks for your views, I think we are broadly in agreement.

The earlier buyback was pretty successful, buying a shedload of shares at an average of 21.26, a substantial discount on the present price, but I share your concerns that the shares are now too expensive for a further buyback, so I would not support it.

I would be happier with a reduction of debt ('fix roof whilst sun shines')and a modest increase in a sustainable dividend.

In the meantime the shares again rose today, +70p, 1.5% to close at 4782p - simply amazing!

[fenners66] 23/4/2021 15:45

hi perfido, I agree on sustainability , so long as they are not blowing my otherwise inflated dividends somewhere else.

As you say its cyclical so I'm sure you agree why buy back the shares at the top of the cycle , its mad.

Unless they have a new found reliable crystal ball that works and says the share price will never go down, pay back debt now and when the market falls back buy shares then. IF they think its a good idea up to £55 it would be a better one at £35

If they pay back a load of debt they get an interest reduction to improve earnings short term , build headroom on any facilities, then if they really had to borrow the money later and buyback a more shares for far less cash.....

I know , they will more likely buy at the top of the market, overextend the debt , when the next recession comes , turn to the shareholders to shore up the balance sheet at much lower prices.......



As for dividend sustainability

as above EPS 162.1 DPS 40.65 so is that dividends 4x covered I think they can still put their hands in their pockets some more ..