Ashtead Share Discussion Threads

[slogsweep] 20/11/2023 08:17

They didnt say they were cutting divi or BB so they are borrowing at say 6% to save paying divi at 1,7% crazy

[slogsweep] 20/11/2023 08:01

Totally agree BB are a waste of cash in my opinion either reduce net debt or pay dividends.

[tomtum1] 20/11/2023 08:01

Ashtead cuts guidance. Another Discodave46 special. Keep spinning them records!

[suetballs] 20/11/2023 08:00

In this market any misses tend to get hammered.
Suet

[fenners66] 20/11/2023 07:08

No doubt the market will ignore the positives and focus on :-

"In addition, we now expect a full-year depreciation charge of c.$2,120m and a net interest cost of c. $540m which will result in adjusted profit before tax being below current market expectations. "

Which quickly leads me to asking what is the interest cost comparison ?
Of course paying off debt instead of doing BB's would have reduced that cost and possibly left the market with a more positive update.

The crux here is the trading update tells of how the whole company is doing - there is no mention of the constructed metric of EPS.

So if the market chooses to dislike this , then the share BB will do nothing for the rating of the company.

[tomtum1] 19/11/2023 13:16

Good day diggers.Are you still using your other accounts?Teddavis, Discodave45, Discodave5 Diggerdog1 and many more.

[disc0dave46] 19/11/2023 10:10

Good day Mr bA cut in Q1 was only a low probability (15%) and would guess they are also saying the probability of the UK going into recession (Mr Bailey has screwed up!) is also low.....we will see!.Fed minutes next Tuesday after close will give Bailey some more clues, then Hunt will possibly not help by putting more money in folks pockets - not too much though I guess.Have a good one.

[bracke] 18/11/2023 17:22

Good day disc0

Ref Goldman Sachs

UK inflation fell to 4.6% in October and the target is 2.0%.

A rate cut in February would appear to be very optimistic. I suppose if there was a sizeable drop November-February then maybe a cut in March.

[tomtum1] 17/11/2023 23:07

Ah diggers this is you here. With the following multiple accounts:https://uk.advfn.com/forum/search?q=biddy74&index=posts&post_poster=on

[disc0dave46] 17/11/2023 17:20

Clearly can’t read
tomtum117 Nov '23 - 16:29 - 62274 of 62274 (Filtered)

[tomtum1] 17/11/2023 16:29

Good afternoon diggers 398

[disc0dave46] 17/11/2023 15:34

Good afternoon Mr bGoldman Sachs seem a tad optimistic.....or pessimistic whichever way you look at it!.Https://www.mortgagesolutions.co.uk/news/2023/11/17/base-rate-could-fall-as-early-as-february-2024-goldman-sachs/

[peakaboo] 17/11/2023 14:53

What's yo prediction discodave why you bash shares

[disc0dave46] 17/11/2023 14:22

Peakaboo17 Nov '23 - 14:13 - 62269 of 62269 (Filtered)

[bracke] 16/11/2023 19:05

You're welcome perfido.

[disc0dave46] 16/11/2023 18:03

No probs Mr b

[disc0dave46] 16/11/2023 18:02

Thanks for saying that.All the best :)

[perfido] 16/11/2023 16:52

disc0 and bracke,

Thank you both for your continued informative posts, much appreciated!

:-)
.

[bracke] 16/11/2023 16:44

Thanks disc0.

[disc0dave46] 16/11/2023 14:44

Their sustainability strategy "Our Planet"Https://www.sunbeltrentals.co.uk/sustainability/our-planet/Recent promotions emphasising their growth in green rental solutions:Https://www.eha.org.uk/news/news-item-two-promotions-in-the-sunbelt-rentals-green-energy-team-to-support-your-business-sustainability-needs/?modal=std

[disc0dave46] 16/11/2023 14:33

Good day Mr bLooks like AHT are well ahead of the game:Https://www.sunbeltrentals.co.uk/sustainability/environment/hydrogen-energy-summit/