Ashtead Share Discussion Threads

[riley109] 05/9/2023 09:24

And on an even brighter note once the financial institutions have gorged themselves on the cheap shares they've manipulated the price should go up which will satisfy the day traders,me I think will hang onto mine and take advantage of the dividend,after all a share purchased 20 years ago for 34p must have been one of the most sensible things I ever did.

[disc0dave46] 05/9/2023 09:24

Market focussing as ever on the slight negative, namely softening in the UK market, which has been softening for some time now so no surprise. Ignoring the record quarter and in-line forecast.Yes it's me a year (digit) older! lol

[fenners66] 05/9/2023 08:10

On a brighter note there is a new gap to fill....

[fenners66] 05/9/2023 08:09

No doubt there will be a view that debt is still in the range 1.6 x EBITDA

I think the market reaction is , so what ?

Using a ratio to attempt to mask that in a rising interest environment the net debt has shot up - does not help.

The interest cost on the debt is rising rapidly

[fenners66] 05/9/2023 08:06

Net debt at 31 July 2023 was $9,679m (2022: $7,716m).
Excluding the effect of IFRS 16, net debt at 31 July 2023 was $7,200m (2022: $5,630m)

Just looking through the details as the share price updates..... OUCH ...

[fenners66] 05/9/2023 07:57

Bloomberg just said figures have missed analysts estimates.


and ...

"This lower rate of growth in adjusted profit before tax reflects an increased net financing cost due to increased average debt levels and the higher interest rate environment. "

Really ? Shock...- pay down the debt then.

Good news on EPS though - just need to feed all that through to the dividends.

[fenners66] 05/9/2023 07:37

Makes you wonder what some thought they knew yesterday afternoon ?

[bigbigdave] 05/9/2023 07:25

Very decent numbers

[perfido] 31/8/2023 19:45

Thanks dcarn,

RNS above today gives forthcoming dividend sterling exchange rate:

Dividend 85.0 US cents per share or in real money 67.25 pence per share sterling payable on 12/09/23!
.

[dcarn] 31/8/2023 16:51

Will Ashtead Group join London exodus?

[fenners66] 31/8/2023 00:14

Florida clean up and repair post hurricane , I'm sure Sunbelt will be doing their best.

[bracke] 30/8/2023 14:04

Good day disco

The US markets will/should like the data. It appears to increase the probability of a rate pause. I presume the next problem will be preventing a recession.....'out of the frying pan into the fire'

The link will not grant me entry. Unlike yourself I am deemed 'persona non grata'.

For others who are also 'unacceptable' this link may be of interest.

[disc0dave45] 30/8/2023 11:58

Good day Mr b, thanks for pretty chart and your views.I believe US ADP employment and Q2 GDP are due today at 1:15pm and 1:30pm respectively.As for the BoE, I have to completely agree with Mr King, whom IMO would teach Bailey a thing or two, or three, or four, or......Https://www.bloomberg.com/news/articles/2023-07-20/transcript-mervyn-king-says-the-bank-of-england-is-making-a-big-mistake

[bracke] 29/8/2023 18:42

The share price closed today at 5548 above the 5310-5488 range and above the Daily SMA50. It has also moved back into the long term trend (green) channel but there is an opening gap at 5388. Provided there is minimal reversal in the US market over the next few days an attempt at 5600 appears likely.

The market looks to be operating on the basis that the FED will pause rate increases at the FOMC September meeting on 19th-20th. I presume the data between now and the meeting will decide. If a pause is announced 5700-5800 is a fair chance.

If the data is not to the FED'S liking expect to see the 5388 gap filled.

AHT DAILY

[perfido] 29/8/2023 16:44

A most encouraging day and a strong close at 5548...

On the 3rd Aug I posted that AHT was looking 'a bit toppy' at around 5700, and subsequently it fell to around the 5300 level...

I was not alone, congratulations to bracke who I believe correctly identified both these as significant levels.

The question is 'where next'..?

Hopefully the AGM next week will provide some further support...

[bracke] 26/8/2023 12:27

Good day disc0

Yes he did but the markets so far unmoved by it. Perhaps they are hoping/expecting there will be a pause in September and that the end of increases is nigh.

[disc0dave45] 25/8/2023 16:01

Powell strikes again!

[bracke] 18/8/2023 14:22

The markets are now in full retreat.

AHT share price at 5300 support. If it fails next support zone at 5150.

AHT DAILY

[bracke] 17/8/2023 14:11

Good day disc0

"Anyway, US jobless claims 239k v forecast 240k so what now?."
===============================================================

Labour market remains strong as do wages. It appears the pips are not squeaking sufficiently. If 2% inflation remains the target logically the economy has to tighten.

If the FED decide to pause again in September will that send the wrong message. What are the chances they will have to act in October

[disc0dave45] 17/8/2023 13:34

Good day Mr b"There is a good level of consistency with BoE forecasts......"Yep, always wrong and IMO too much group think going on.Anyway, US jobless claims 239k v forecast 240k so what now?.

[bracke] 15/8/2023 18:22

Good day disc0

There is a good level of consistency with BoE forecasts......

Although the US markets have dropped the Bears have been unable to break the S&P500 below support at 4440. It appears the 'short volatility dispersion' trade still holds.

[disc0dave45] 15/8/2023 17:25

Good afternoon Mr bYeah looks like a lot of stocks are rolling over with China now adding to the wall of worry. Possibly also a bit of a sell off pre UK CPI data tomorrow combined with wage inflation data adding to the prospect of the BoE numpties raising again?. Still can't get my head around why the market gives any credibility to Bailey, he's called it wrong so many times, comes out with doom and gloom forecasts (to 2025) but weeks earlier was asking Ben Bernanke to review their model because they know it's a pile of pants!, unbelievable.....back to the park bench! :)

[bracke] 15/8/2023 12:10

The markets in retreat today so the battle with 5700 ends in defeat this time and the share price seeks support at 5500.

AHT DAILY

[bracke] 11/8/2023 11:35

Good day disc0

I was out most of yesterday so missed all the action which was not untypical.

The US Indices took of rocket propelled and then ran out of fuel and returned to earth. Such is the way of the US Market. Much money made, much money lost.

Now we wait until the next FOMC meeting on 19-20 September. What will the market do in the meantime. The 'experts' will continue with their usual opinions of 'Hold, Increase, Reduce'.

[disc0dave45] 10/8/2023 15:24

Good day Mr bUS CPI delta 0.001 lower than forecast and they get overly excited!......crazy world.