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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 59001 to 59023 of 62650 messages
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DateSubjectAuthorDiscuss
15/6/2021
22:05
Not sure I'm seeing what you are seeing there bracke
Large ones going through at 5116 but small trades higher....

fenners66
15/6/2021
16:16
Some very odd price moves at and just after the close?

Look at the prices.

bracke
15/6/2021
14:03
If the report about Draftkings is true, its amazing to see how murky the world of interlinked companies and families potentially works...

DK being a $21bn listed company not a minor few million listed entity....

fenners66
15/6/2021
13:57
fennners

re post 59023 - point taken!

I imagine that some time in the distant past it was considered an 'optional', rather than 'obligatory cost of business', now it has become custom and practice

perfido
15/6/2021
13:57
duplicated post removed
perfido
15/6/2021
13:50
Reading ENTAIN's BB has just got interesting.

Their share price just took a dive - and recovery , a poster added a link to an article (I am reading through ) about the nature of their rival Draftkings.

Someone has been following the paper trail their and is not complimentary in what they found.

Funny how I find that , following the paper trail (or lack of) and looking for the facts interesting.....

fenners66
15/6/2021
13:45
ian
I am not saying they are "technically wrong" and more importantly their auditors are not either.

Its just my beef about the point of GAAP etc and the outcomes.
We are supposed to have a clearer understanding of underlying profitability.

My point is that IF every time they have a debt instrument they get early redemption charges to pay - then that is an underlying ongoing normal cost to the business despite it being whenever...

fenners66
15/6/2021
13:42
Yes it transfers the dollar/sterling currency translation risk on dividend payments from company to shareholders if I understand it.

For larger shareholders, might it be worth opening a dollar account

Might subsequently make us oven ready for a bid?

ianwwwhite
15/6/2021
13:41
Hi bracke,
did that early this morning, forerunner to a US listing ?

fenners66
15/6/2021
13:34
Any comment about the change in presentational currency?
bracke
15/6/2021
13:32
Hi fenners, thanks for your response.

I was given to understand that showing such expenses as exceptionals was a GAAP/IFRS requirement, but I believe that this is no longer the case, and so I removed my post prior to reading your reply.

Perhaps in AHTs case it is now a legacy/consistency overhang?

ianwwwhite
15/6/2021
13:15
No I am suggesting and have done so for years that an item that routinely occurs in the course of the business is not exceptional.

If they did not routinely renegotiate the debt early it would not even occur.
If they paid the debt to term it would not occur, therefore they construe the item as exceptional.

Except that for every debt instrument (as there are interest and charges ) there ends up being early redemption fees - which they then declare to be exceptional as if they do not "normally" happen.

But experience of AHT (and I am sure other companies too) tells us otherwise.

When they have unamortised debt costs they should (almost!) build in the provision for early redemption penalties etc.

We can back test vs. what has already happened ; but how about we predict now that it will happen with ...

Debt due for repayment 2026 , 2027 .
My slightly longer odds guess is the 2025 will go the same way.

If they see it as significant enough to mark as exceptional then its a significant custom and practice to put back in the routine cost of business and not exceptional.

Since exceptionals are "ignored" especially by the yanks I do not expect any changes in presentation going forward.....

fenners66
15/6/2021
12:43
Post removed
perfido
15/6/2021
11:25
"Drop through" of change in turnover reaching EBITDA is shown as 50%

With that large increase in Qtr 4 turnover , if that continues in 2022 we could be looking at a double digit growth in EPS?

fenners66
15/6/2021
11:21
So it's not 'truly exceptional' but the 'normal exceptional'.
bracke
15/6/2021
10:25
The same..
fenners66
15/6/2021
10:03
Good day fenners

"But each and every debt instrument has been renegotiated early for the last 10 years so ... so Why call this Exceptional ?"
================================================================================

Under which heading has this cost been shown in the previous 10 years?

bracke
15/6/2021
09:56
I have railed against this before...

"costs associated with the redemption of the $500m 5.625% senior notes in November 2019 were classified as exceptional items. The write-off of deferred financing costs consisted of the unamortised balance of the costs relating to the notes. In addition, an early redemption fee of GBP11m ($15m) was paid to redeem the notes prior to their scheduled maturity."

Cost was £ 15.1m for about £400m of debt
so 3.775% or compared to the current weighted average of the debt interest (4%) a years worth of interest.

But each and every debt instrument has been renegotiated early for the last 10 years so ... so Why call this Exceptional ?

fenners66
15/6/2021
09:35
Morning Riley109

As the fall last week was attributed to Deutche's downgrade, somebody obviously thinks so.

I reserve my opinion on Deutche, more informative is the Ashtead Analyst's Webcast current being transmitted, well worth a listen IMHO

perfido
15/6/2021
09:24
An analyst with common sense ....

"“The shares currently trade on a PE ratio they have rarely touched in in the past, and using surplus cash to buy back expensive shares is a common route to shareholder value destruction,” Hyett added. “Still, with a positive market outlook and strong balance sheet, Ashtead deserves to be riding high.”

fenners66
15/6/2021
09:22
Morning perfido,
Does Deutsche Bank ever get it right.

riley109
15/6/2021
09:10
AUGUST 2007
United Rentals announced last month that it has signed a definitive merger agreement to be acquired by affiliates of Cerberus Capital Management for about $4 billion in cash and about $2.6 billion in assumed debt.

The $34.50-per-share purchase price is a 25-percent premium to the stock's closing price of $27.55 April 10, the day the company announced it was exploring strategic option

fenners,looks like it doesn't it.Looks like somebody will be watching and waiting to pounce especially WHEN the board is predominantly made up of our colonials.

riley109
15/6/2021
09:07
Pushing upwards £54 very soon indeed.
trt
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