Ashtead Share Discussion Threads

[slogsweep] 16/9/2021 07:43

way above expectations PE down to 17 based on a 71% increase in EPS

[fenners66] 16/9/2021 07:26

enables the Board to look to the future with confidence and we now expect business performance this year to be ahead of our previous expectations.

[fenners66] 16/9/2021 07:23

Decent growth, nice to see the Canadian business starting to perform despite them saying its still "early stages"

Anticipate a 20% rise in annual dividend now......

[disc0dave45] 15/9/2021 17:50

Why recommend "hold" when the share price is above his target!......crazy and does little IMO for their reputation.

[disc0dave45] 15/9/2021 17:48

From Citywire:Berenberg is predicting 'another generally solid update' from Ashtead (AHT) and the broker believes the equipment rental group can continue to take market share.Analyst Thomas Burlton retained his 'hold' recommendation and increased the target price from £48.50 to £55 on the stock, which closed up 0.5%, or 26p, at £58.60 on Tuesday.The group is due to report its first quarter results later this week, which Burlton expects to be 'generally solid'.'Growth rates will look particularly stellar this quarter as Ashtead laps the weakest period of the prior year, during which Covid-19 pandemic-related restrictions caused disruption and delay to construction projects,' he said.Despite the weak comparatives, Burlton said he 'expects Ashtead to display continued market share growth, and we think in general underlying trends are unlikely to have changed much since the company last reported'.He added: 'In addition, we think the current inflationary environment bodes well for rental rate improvement this year and we expect positive commentary from management in terms of the rate outlook.'

[trt] 15/9/2021 14:19

If they exceed expectations which we definitely think they will broker upgrades will follow pushing the share price higher. Could see £65 short term.

[disc0dave45] 15/9/2021 12:03

HTTPS://markets.businessinsider.com/news/stocks/ashtead-quarter-earnings-preview-q1-1030798404Converting the above Q1 forecasts to USD - eps 70.2c (+76%) Rental Rev $1.78bn (+32%). I've used the Sterling to USD Q1 results provided in the 15th June RNS for the LFL percentage changes.Wouldn't be surprised to see a beat.....here's hoping anyway.The impact of hurricane Ida won't be realised until Q2, but there was hurricane Elsa in early July!.

[perfido] 15/9/2021 10:34

'The BoE expects inflation to rise sharply this year and hit a peak of 4%. The strong reading for inflation could reinforce expectations that the BoE is set to tighten monetary policy quicker than the European Central Bank or the U.S. Federal Reserve.'

Source as post 59270

[trt] 15/9/2021 10:23

General consensus is the recent inflation rises are thought to be only temporary.

[fenners66] 15/9/2021 10:22

US inflation not quite as high as forecast , but some inflation in the US a good thing?
If US looks like moving rates up earlier the $ might strengthen I know they are planning on reporting in $ but it still translates into stronger £ results and..... dividends !

Some inflation in construction may allow a raise of rates , which may help too....

[perfido] 15/9/2021 10:11

Inflation and Price Indices for August published today show percentage changes over 12 months as:

CPI +3.2%,
RPI +4.8%

This is a more than nine-year high for CPI, fueling expectations that the Bank of England could act sooner to hike rates.


I knew those index linked NSCs were worth hanging on to, as some ballast in my Investment Portfolio! :-)
.

[trt] 14/9/2021 08:23

Has word got out that the results on Thursday will be better than the market expected - looks like it. Could well see £65 short term on the back of these results.

[fenners66] 13/9/2021 18:18

finishing level after all that action...!

[bracke] 13/9/2021 16:49

Another strike on the upper trendline.

[disc0dave45] 13/9/2021 09:43

On Thursday, Ashtead Group will provide a trading update (LSE:AHT), PLC that will include first-quarter trading details for the company. This will give more insight into how the US and UK building markets have performed.Management will likely comment on the Sunbelt strategic ambitions that they set out at April's investor conference.These results also represent the shift to reporting in US Dollars for the FTSE 100 group. This means that the consensus forecasts may be a little distorted.Peel Hunt, a broker, stated that "Overall we believe that group performed well during the quarter", with continued volume momentum in Sunbelt US.The outlook is strong and we see upside risks building to FY22E estimates."HTTPS://www.share-talk.com/share-talk-expected-market-updates-for-the-week-ahead-13th-september-2021/#gs.aoch0c

[bracke] 10/9/2021 18:37

SP reached the upper trendline and promptly dropped back.

AHT DAILY

[trt] 10/9/2021 14:29

£61 by middle of next week at this rate. Got to be in it to win it !

[bracke] 10/9/2021 11:25

Back up to the September high.

Looks like it's heading for the rising wedge upper trendline but it has been rising on opening and dropping back in the afternoon. It's left behind a 'chunky' gap.

AHT DAILY

[perfido] 09/9/2021 20:00

Nice one bracke, much appreciated

[bracke] 09/9/2021 16:54

"No prize? Then I’m not playing any more.."
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Very mercenary.

I haven't posted a chart for a while so here's one to mull over.

Once again I am setting myself up for AHT to make me look silly again, not that I need any assistance.

You will observe a rising wedge. The lower trendline has been touched on numerous occasions. The upper trendline is less defined having been touched on 2/3 occasions which makes it less certain. The probability of this pattern is a fall below the lower trendline

It could be argued that apart from the high on 02 Sept after which the share price dropped back the price action is a triple top and therefore the pattern is an ascending triangle. The probability is an upward breakout. The black dashed trendline indicates the triple top level.

Whichever pattern prevails the distance the candles are along both patterns suggests a resolution soon.


AHT DAILY

[fenners66] 09/9/2021 16:13

Thank google for translate.....

[perfido] 09/9/2021 16:10

No prize? Then I’m not playing any more..

No need to get your knickers in a twist, someone else will surely come up with a translation :-)

More seriously it seems AHT has got its mojo back?
.

[bracke] 09/9/2021 13:13

Good day perfido

No postillion. No prize but you have the satisfaction of correctly identifying 'daylight robbery'.

"Avez-vous mal cité les français là-bas?"
===========================================

Peut-être que le traducteur a pris sa culotte dans une torsion.

[fenners66] 09/9/2021 11:00

bracke
Avez-vous mal cité les français là-bas?