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AHT Ashtead Group Plc

5,422.00
-74.00 (-1.35%)
14 Jun 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
  -74.00 -1.35% 5,422.00 5,430.00 5,434.00 5,530.00 5,400.00 5,508.00 960,269 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Heavy Constr Eq Rental,lease 9.67B 1.62B 3.6961 14.69 23.77B
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 5,496p. Over the last year, Ashtead shares have traded in a share price range of 4,437.00p to 6,180.00p.

Ashtead currently has 437,673,090 shares in issue. The market capitalisation of Ashtead is £23.77 billion. Ashtead has a price to earnings ratio (PE ratio) of 14.69.

Ashtead Share Discussion Threads

Showing 62626 to 62649 of 62800 messages
Chat Pages: 2512  2511  2510  2509  2508  2507  2506  2505  2504  2503  2502  2501  Older
DateSubjectAuthorDiscuss
05/4/2024
13:56
Good day Mr b, thanks for that.NFP 303k v 200k forecast, but will the market look on the bright side as hourly wage growth only went up marginally (0.3%) but dropping the 12 month number to 4.1% from 4.3% (sure I read that's the lowest since 2021, can't remember the month and I stand to be corrected).Have a good day
disc0dave46
05/4/2024
13:37
US payrolls added 39,000 construction jobs last month
suggests faster growth in house building and some of that infrastructure getting underway.

fenners66
05/4/2024
13:29
Gap at 5728 filled.

AHT DAILY

bracke
26/3/2024
14:23
Bloomberg have already raised the matter that Biden wants to spend on infrastructure already and questions now whether there was any reason to have already been spending given the Baltimore Bridge collapse.

That would only have been the case if bridge support standards would have changed since the 1970's to prevent an impact like the one today knocking over the bridge - I suspect not - but it raises the issue of spending on infrastructure and clearly lots is going to have to be spent there now...

fenners66
25/3/2024
18:24
(Sharecast News)-JPMorgan Cazenove placed Ashtead on “positive catalyst watch” on Monday ahead of its capital markets day in Atlanta on 29th April, as it expects the stock to outperform into/on the event.
The bank said that after the success of the Sunbelt 3.0 strategy - launched at the last CMD in 2021 - where the group said it will exceed its targets, it is set to lay out its "much anticipated" five-year plan.
JPM said teasers for Sunbelt 4.0 suggest continued focus on ‘Growth’ and ‘Resilience217; but also, ‘Performance’, which is likely to highlight margin progression - a reflection of the evolution of the business model from just a growth story, which it detailed in its recent "deep dive".
"As such, we expect the stock to outperform into/on the event and place the stock on positive catalyst watch."
JPM, which rates the shares at ‘overweight217; with a 6,600p price target, expects the messaging at the CMD to be positive, with a bullish message on growth underpinned by multiple company-specific drivers and end markets (in particular mega projects), margin expansion, and increased balance sheet optionality following a moderation in capex, creating a more sustainable equity investment.
"In our view, the targets will likely cautiously bracket high single digit percentage (e.g. 6-9%) organic rental revenue growth, driving a circa 10-16% earnings per share compound annual growth rate when including the balance sheet optionality, ahead of FY29e consensus (albeit limited forecasts).
"As with the previous CMD, we would expect the group to outperform any targets over the time horizon, which could see the group deliver circa 13-18% adjusted EPS CAGR."
JPM said that with the stock lagging peers year-to-date and trading in line with its five-year average on EV/EBITA and close to its widest discount to United Rentals (its closest peer) in five years (excluding April 2020), it continues "to see risk/ reward as attractive, seeing the CMD as a positive catalyst".

[...]

disc0dave46
21/3/2024
18:22
Currently warnings mean nothing to the US Market.

Reddit have not made a profit in 20 years but today their IPO is up 60%. It's very reminiscent of the dot com boom.

bracke
21/3/2024
15:27
Thanks for the chart Mr bSo some disparity could be associated with the dire UK market. Probably also need to check the company results as well as not aware that URI have issued any warnings, whereas AHT have on two occasions now if my memory serves.
disc0dave46
21/3/2024
15:20
disc0

Comparison of FTSE100 and S&P500 in link below.

Thanks for the article which seems to support Elliott Wave Theory i.e. no matter what the fundamentals are the market will do what it wants.

DAILY FTSE100/S&P500 COMPARISON

bracke
21/3/2024
14:09
Good day Mr bThanks for the pretty chart :)Wow that's some difference!. Can I ask does it look similar when comparing the associated indices?.Read this also about the US election and likely market impact. The research / analysis concluded:"The historical data suggests that economic and inflation trends, more so than election outcomes, tend to have a stronger, more consistent relationship with market returns."Which given the current macros seems apt.Https://www.usbank.com/investing/financial-perspectives/market-news/how-presidential-elections-affect-the-stock-market.html
disc0dave46
21/3/2024
13:04
Good day disc0

It seems that the US market was overjoyed that the dot plot remained at three possible interest rate reductions this year and went into overdrive. The fact that ten members voted to keep three cuts and nine voted for two was ignored.

My impression is that the market is being held up until the Presidential Election on 5th November after that all bets are off. Whether the market can be held up for another seven months is open to question but it would not surprise me if they achieved it.

Somewhat disappointingly AHT has not responded greatly along with the US Market. Just to rub salt into the wound here is an AHT/URI comparison chart. Maybe it's time AHT moved its listing to the US?

DAILY AHT/URI COMPARISON

bracke
20/3/2024
18:59
Mr bJust looked at the US indices and looks like Mr P has been dovish?.
disc0dave46
20/3/2024
17:00
bracke

lol!!
.

perfido
20/3/2024
16:49
'Could rise to 5830'
bracke
20/3/2024
16:42
Not a bad day at all!

I'm waiting to hear trt's take on it :-)
.

perfido
20/3/2024
16:37
"Think that’s a dead cert :)"
============================

You wouldn't expect me to stick my neck out too far would you!


My understanding is that UK and others are reluctant to cut interest rates until the US do. Why? Because the £ (and other currencies) would fall resulting in increased cost of imported goods, resulting in increased inflation.

"Mr Bailey simply follows anyway……even though IMO he raised too high and is too slow cutting. He threw petrol on the fire IMO."
====================================================================================

I neither agree or disagree. I look to the amount of money the government pumped into the economy, perhaps they over did it?

bracke
20/3/2024
16:05
Good day Mr b"Purely my view but I suspect that the market will 'be upset' if the dot plot is reduced and delayed by a significant amount."Think that's a dead cert :)What's clear, even though not surprising, is positive UK inflation data means diddly squatt as most folks aren't interested in UK equities (haven't been since circa 2016), it's all about the US and Mr Bailey simply follows anyway......even though IMO he raised too high and is too slow cutting. He threw petrol on the fire IMO.
disc0dave46
20/3/2024
15:17
Keep on climbing Ashtead please.
luderitz
20/3/2024
15:15
Good day disco

Apologies for the blurred link. Yes it was the Fitch news.

The general expectation is no US interest rate reduction today. The interest is the 'dot plot' i.e. how many and when. Purely my view but I suspect that the market will 'be upset' if the dot plot is reduced and delayed by a significant amount.

bracke
20/3/2024
14:54
Good afternoon Mr bThanks as ever for your views.Was your earlier link post 62669 also reporting the Fitch news?, apologies if it was but did open it and couldn't actually see what the news was (blurred out).
disc0dave46
20/3/2024
14:45
Fitch affirms BBB rating - outlook stable. Their senior notes also given a BBB rating.Possible reason for today's action?.Https://uk.marketscreener.com/quote/stock/ASHTEAD-GROUP-PLC-4001655/news/Fitch-Affirms-Ashtead-at-BBB-Outlook-Stable-46239694/
disc0dave46
20/3/2024
13:25
Good day palwing

If the share price breaks above the 'Big Wedge' top line of the Rectangle Bottom becomes the target. Mr Powell to decide.

AHT WEEKLY

bracke
20/3/2024
13:15
A gap up today possible based on:



SP resisted at the top trend line of the 'Big Wedge' which coincides with the 78.6% FIB at 5504. Gaps to fill to the upside and the low side.

Mr Powell speaks later today. I ponder when he tosses the coin to decide if he will be dove or hawk.

AHT DAILY

bracke
20/3/2024
12:31
Any reason out there for the share price action this morning?, can't see anything (UK CPI hasn't really moved the indices).
disc0dave46
20/3/2024
11:01
Thanks Bracke. After the recent share price improvement, I am no longer sure if a rectangular bottom is affecting the wedge or the wedge is creating a rectangular bottom. I may have to make an appointment with my GP to discuss. Either way, it all seems to be positive. GLA.
palwing32
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