Ashtead Share Discussion Threads

[disc0dave45] 09/8/2021 11:50

No problem.
URI Q2 have raised their guidance for the FY which hopefully will result in a similarly positive outlook here on 18th Sept.
URI CEO stated:
“Looking forward, we remain encouraged by the gains we’ve seen in end-market indicators, including our customers’ sentiment and project visibility. We are raising our guidance to reflect the expected contribution from our recently completed acquisitions, as well as accelerated momentum in our underlying business. Combined, we believe this positions us well to deliver strong growth and returns in the second half of the year.”
Edit - AHT’s margins are slightly better than URI, EBITDA circa +200bps

[perfido] 09/8/2021 10:53

Thanks DD, interesting viewing -

looks like we might have got our mojo back, having closed the gap at 5300?

[disc0dave45] 08/8/2021 13:17

HTTPS://www.cbsnews.com/video/bipartisan-infrastructure-bill-passes-a-big-hurdle-in-the-senate/#x

[jimohno] 06/8/2021 17:32

Could be down to the stronger than expected jobs report from the U.S.

[fenners66] 06/8/2021 16:54

Has a half passed infrastructure bill got this motoring again ?

[trt] 06/8/2021 12:50

Hope folk bought the dip pushing higher now again towards £60

[bracke] 04/8/2021 11:13

Good day fenners


Out of interest I looked at the HEES chart. The share price reversed in May and lost 32% of its value. It has partly recovered but has a long way to go.

Have you looked at the p/e ratio. Great expectations hardly covers it!

[fenners66] 04/8/2021 08:11

Just read H& E's quarterly / half year results.
For the half year I was not impressed.
Small growth in revenue and trading profit - but a lot of that growth came from sales of new and used equipment.
If they want to be a rental company they need to rent equipment to their client base not sell it to them!

Year on year they did not write off $61m of goodwill so they made a profit.

Also paid all the EPS in dividends - I would not be complaining about that.

[fenners66] 04/8/2021 08:00

$35m a year could add up to 5p a share to earnings AND dividends...

as if ....

[fenners66] 04/8/2021 07:58

Well the result is - lower coupon and extended redemption.

Does not say what the size of the loans they are redeeming but if they are similar,
it looks like an annual saving of up to $35m.
Question is how much is that going to cost ?

[bracke] 03/8/2021 11:32

Gap at 5300 filled. Next is at 4904 but that would be a surprise at this time.

[bracke] 02/8/2021 11:35

fenners

Yes I remember you have commented on the 'exceptional' previously.

I presume they need to maintain the borrowing in order to continue the buybacks.

[fenners66] 02/8/2021 11:06

I guess they will be looking for a lower coupon, also without re-reading did it say "unsecured" ?
No doubt looking to push out redemption again.

All those always seem to have a logic to them, but my point is , they will have an associated write off , of previously capitalised finance costs, which NEVER run to term , so the write off should just become an ordinary cost of financing the business , not this BS about the write off being exceptional as it happens EVERY time!

[bracke] 02/8/2021 10:47

Good day fenners

Have I got this right. AHT is issuing bonds in order to pay back other borrowings?
If so why?

[trt] 02/8/2021 08:38

Record date for the 40.15p dividend payout is 20th August.

[bmel] 02/8/2021 08:28

Well thats it for me. March 2019 - been my best ever run. Too often in the past let a big gain fritter away. Not this time.

[fenners66] 01/8/2021 22:43

LOL - perfido

How could you jump to conclude PET on such flimsy circumstantial evidence .... after all there must be a shedload of publicly listed gambles, on the stock exchange just like that...

Now to less far fetched ideas..

Ashtead announce...

"If a transaction does follow, the net proceeds and funds from existing facilities will be used to redeem the outstanding 4.125% Senior Notes due 2025 and 5.250% Senior Notes due 2026 of its wholly owned subsidiary, Ashtead Capital, Inc., in accordance with their respective call schedules. "


So let me guess : any eherm "costs" associated with redeeming the above loans before term , will be eherm " exceptional" and will be disclosed separately so they can be ignored by sophisticated investors , as if eherm they never really happened.

In fact any such costs are so far removed from the normal course of business that they really should go in the "just ignore" pile along with all the rest....

I think it was only recently I posted my beef with this , capitalise the fees and amortise over time only to write them off as an exceptional item later - because it happens EVERY time and lo here we go again !

[bracke] 30/7/2021 18:27

Good day fenners

As to your question. I know not. Your choice and each to their own. Besides it's an academic argument in this time of money a plenty.

I have come across the term 'moral hazard'. Since when has morals had anything to do with money. It should be 'immoral imperative'

You do have this habit of asking awkward questions instead of joining in and 'getting with the programme'.

[perfido] 30/7/2021 18:25

Fenners,

Lol!

Now that we are a US dollar company, I think that we should adopt the US vernacular, after all, this is not our first rodeo!

‘make no money, no sales no projects’ etc seems a bit Irish to me, are you still in PET?

I urge you seek independent advice!

[fenners66] 30/7/2021 18:05

So the Fed fuelled rally can only keep going... great I should go all in then !
Thanks for the confirming article bracke.....

1 question , does that also include companies that , make no money, have no sales, don't have any live projects , have taken their 29% shareholders to court and won, and are running out of cash and support from existing shareholders , for instance ?

[perfido] 30/7/2021 17:19

Hi bracke,

Thanks for the information re price 'gaps' and the'zerohedge' retail market link which I found very interesting.

As far as our new fellow investor friend is concerned, the question is, has he managed to show an overall profit in his claimed dealings to date, or is he 'in it to bin it' I wonder? :-)


.

[bracke] 30/7/2021 14:23

On the daily chart below it will be seen that 5300 provided strong resistance. It would be expected to provide equally strong support.

A dip below may occur but a close below would be concerning if you are a holder.

[bracke] 30/7/2021 10:56

Good day perfido

I have checked on Yahoo Finance which confirms a close on 6 July 2021 at 5416. The lowest it dropped to thereafter was a couple of days later at 5426. The ideal place to check would be the London Stock Exchange but I don't have access to historic data.

That gap was filled this morning. The next I have is 5300 on 24 June 2021.

As to why it is falling who knows. Maybe the people who were driving it up with algos have ceased. There is also a suggestion that the 'clever' money is pulling back.

Judging by the number of times trt has loaded up (approx 10) he is either buying in small amounts of has very deep pockets.

You may find this article of interest.

[slogsweep] 30/7/2021 08:16

Did this last year price fell from £28 late June to £24 end July followed by a bounce back to £28 mid August

[fenners66] 30/7/2021 00:38

Democrats in the US have finally got a bill for infrastructure under way.

Is this good news because they are doing something ?

Or bad news because its not trillions ?