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AHT Ashtead Group Plc

5,454.00
138.00 (2.60%)
26 Jul 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
  138.00 2.60% 5,454.00 5,426.00 5,428.00 5,472.00 5,320.00 5,320.00 545,159 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Heavy Constr Eq Rental,lease 10.86B 1.6B 3.6552 14.84 23.25B
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 5,316p. Over the last year, Ashtead shares have traded in a share price range of 4,437.00p to 6,180.00p.

Ashtead currently has 437,298,807 shares in issue. The market capitalisation of Ashtead is £23.25 billion. Ashtead has a price to earnings ratio (PE ratio) of 14.84.

Ashtead Share Discussion Threads

Showing 62676 to 62699 of 62900 messages
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DateSubjectAuthorDiscuss
01/5/2024
14:20
One gap filled, two in line at 5558 and 5312. The share price has returned to the 'comfort' of the rising channel.

Unless Mr Powell wants to show off his Dove plumage 5558 is likely to fill today/tomorrow. If he is in Hawk mode 5312 is at risk.

The ADP Employment Change today was below the previous reading (208k) but above expectation (175k).


AHT DAILY

bracke
01/5/2024
10:21
I live in hope.
2flatpack
01/5/2024
09:18
Could see profit taking bringing this down to below £55
trt
01/5/2024
08:37
Bracke Gap at 5760 filled and more. You mentioned a further gap to fill at 5312, will this be the case or will that be saved for another day. That would definitely be a buying opportunity.
thompsonnic
01/5/2024
08:23
EDIT: 1 minute later, 5728. Gap over filled?
palwing32
01/5/2024
08:22
08:21 - 5750p Gap filled?
palwing32
01/5/2024
07:59
Is Kyle Horgan - included in the presentation related to the CEO ?
If so is that a genuine appointment or nepotism ?

fenners66
01/5/2024
07:52
Update to that infrastructure spend I misremembered yesterday -
Charlie Wells on Bloomberg just said Amazon alone are going to invest $150bn on AI cloud solutions
that will be infrastructure spend - data centres , power and cooling etc.

fenners66
30/4/2024
21:34
The presentation tonight was interesting but very long. I note the called out subtle (not) comment about listing in the US. For a capital event presentation, for a company who has 90% of its revenue in the US, the bankers accents were British. My view is they do need to move the listing to the US to try and get a re- rating. There was a couple of points about the recent hiccups compared to their competitor and why they were being so conservative about growth compared to their historic growth. A long session but the senior team could have done better - or do URI have the upper hand. I have had skin in the game since the stock was under a pound and can see potential but I do worry that the management could be better. I look forward to Brackes comments who makes this thread the highlight of ADVFN
c_k
30/4/2024
19:56
Looking at H&E's first quarter results they don't seem all that.

They increased revenue but on the back of increases in sites , sales of second hand and new equipment.
But qtr on qtr rates slipped a little and utilisation was down.

Not the exciting qtr the market was hoping for I guess....

" FIRST QUARTER 2024 SUMMARY WITH A COMPARISON TO FIRST QUARTER 2023

Revenues increased 15.2% to $371.4 million compared to $322.5 million.
Net income totaled $25.9 million compared to $25.7 million. The effective income tax rate was 26.5% compared to 26.1%.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) increased 13.1% to $161.7 million compared to $143.0 million. Adjusted EBITDA margin was 43.6% compared to 44.4%.
Total equipment rental revenues were $295.3 million, an increase of $33.3 million, or 12.7%, compared to $262.0 million. Rental revenues were $261.7 million, an increase of $29.7 million, or 12.8%, compared to $232.1 million.
Sales of rental equipment increased 49.8% to $48.1 million compared to $32.1 million. Margins improved to 62.9% compared to 58.6%.
Sales of new equipment totaled $10.4 million, an increase of 33.2% compared to $7.8 million.
Gross margin improved to 44.4% compared to 43.8%.
Total equipment rental gross margins were 43.3% compared to 43.6%. Rental gross margins were 48.5% compared to 48.4%.
Average time utilization (based on original equipment cost) was 63.6% compared to 67.3%. The Company’s rental fleet, based on original equipment cost, increased $383.0 million, or 15.7% to just over $2.8 billion.
Average rental rates improved 2.9% from the year-ago quarter and declined 0.2% on a sequential quarterly basis.
Dollar utilization was 37.0% compared to 38.6%. "

fenners66
30/4/2024
16:54
Good day Thompsonnic

"Bracke it looks like it is going to fill that gap at 5760 as you correctly said earlier on. Spot on again."
================================================================================

I would like to say that it takes a lifetime of learning and skill to make such pronouncements but of course it doesn't. It was a high probability, besides the denizens on this thread would make rude comments and mock me.

As I type the gap has not yet been filled having only reached 5770 but not to worry disco's favourite central banker's utterances will undoubtedly complete the job tomorrow.

bracke
30/4/2024
16:37
HEES Q1 comments may have caused the late dip, or Mr P has opened his mouth!.
disc0dave46
30/4/2024
16:16
Bracke it looks like it is going to fill that gap at 5760 as you correctly said earlier on. Spot on again.

Edit: or nearly 5770

thompsonnic
30/4/2024
14:17
A relevant point being made on Bloomberg yesterday that the large tech companies planning on spending $bns on AI - $36bn ?
are not just spending on tech hardware , its got to be spent on building new data centres and infrastructure around power supply and cooling - water supply.

It makes sense given the scale of the numbers involved.

So how much is plant rental likely to be ?

fenners66
29/4/2024
13:38
"The question is are there sufficient buyers willing to purchase at the current level in the expectation of the HSBC target of 6600?"
====================================================================================

It appears there were but the volume does not appear to support the amount of the increase, suggesting other factors at play.

Not whithstanding the volume the share price is where it is. It has broken up out of the rising channel. It's also broken up out of the 4400-5800 range.

The US market continues upward. Mr Powell speaks this week but although the market reacts to any bearish comments it soon recovers and continues up.

AHT DAILY

bracke
26/4/2024
18:56
Closing in on all time high of £64
rupertvons
26/4/2024
14:22
Decision time for the share price

SP is up on the back of the URI results. Now comes the difficult part

The share price gapped up on open from previous close at 5760 and reached the top of the ascending channel but once again the RSI is suggesting overbought.

The question is are there sufficient buyers willing to purchase at the current level in the expectation of the HSBC target of 6600?

One (but not me) may consider the share price is due a trip to the lower line of the ascending channel but barring something nasty occurring it seems unlikely. More probable is a retrace to fill the 5760 gap.

AHT DAILY

bracke
26/4/2024
09:43
*HSBC RAISES ASHTEAD TO 'BUY' - PRICE TARGET 6600 PENCE
bigbigdave
26/4/2024
09:39
Post 62715No problem :)
disc0dave46
26/4/2024
09:20
Thanks fenners,good spot :-)
perfido
25/4/2024
23:59
Upped their dividend by 10% as well
Full year guidance is up across the board

fenners66
25/4/2024
23:59
URI Summary of First Quarter 2024 Financial Results

Rental revenue increased 6.9% year-over-year to a first quarter record of $2.929 billion, reflecting broad-based strength of demand across the company's end-markets. Fleet productivity increased 4.0% year-over-year, while average original equipment at cost (“OEC”) increased 3.6%.
Used equipment sales in the quarter decreased 1.3% year-over-year. Used equipment sales generated $383 million of proceeds at a GAAP gross margin of 48.8% and an adjusted gross margin9 of 53.3%, compared to $388 million at a GAAP gross margin of 49.0% and an adjusted gross margin of 59.5% for the same period last year. The year-over-year decline in the adjusted gross margin primarily reflected the continued normalization of the used equipment market, including pricing.
Net income for the quarter increased 20.2% year-over-year to a first quarter record of $542 million, while net income margin increased 190 basis points to 15.6%. The increase in net income margin was primarily driven by higher gross margin from rental revenue, which included the impact of a decrease in depreciation expense as a percentage of revenue, and reductions in selling, general and administrative ("SG&A") and non-rental depreciation and amortization expenses as a percentage of revenue.
Adjusted EBITDA for the quarter increased 5.6% year-over-year to a first quarter record of $1.587 billion, while adjusted EBITDA margin decreased 30 basis points to 45.5%. The decrease in adjusted EBITDA margin primarily reflected a decrease in adjusted gross margin from used equipment sales as discussed above.
General rentals segment rental revenue increased 2.6% year-over-year to a first quarter record of $2.070 billion, while rental gross margin was flat year-over-year at 32.9%.
Specialty rentals segment rental revenue increased 19.0% year-over-year to a first quarter record of $859 million. Rental gross margin increased by 200 basis points year-over-year to 49.1%, supported by strong cost performance and fixed cost absorption on higher revenue

fenners66
25/4/2024
19:24
Thanks dd, much appreciated :-)
perfido
25/4/2024
18:41
URI Q1 revenues beat forecasts and they've raised 2024 guidance.That said their net income was marginally below forecasts with eps about 3% below forecasts - but the market seems to be impressed so far anyway!.
disc0dave46
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