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AHT Ashtead Group Plc

5,394.00
-40.00 (-0.74%)
21 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
  -40.00 -0.74% 5,394.00 5,370.00 5,374.00 5,418.00 5,318.00 5,418.00 1,468,290 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Heavy Constr Eq Rental,lease 9.67B 1.62B 3.6961 14.53 23.5B
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 5,434p. 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 £23.50 billion. Ashtead has a price to earnings ratio (PE ratio) of 14.53.

Ashtead Share Discussion Threads

Showing 62676 to 62700 of 62825 messages
Chat Pages: 2513  2512  2511  2510  2509  2508  2507  2506  2505  2504  2503  2502  Older
DateSubjectAuthorDiscuss
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
25/4/2024
14:22
Caterpillar Q1 profit beat expectations but sales slipped. Pre market share price is down.
disc0dave46
25/4/2024
13:41
At the risk of tempting providence, it seems to me that AHT is steadily progressing, and will probably reach a decision point soon.

The next major event is the Q4 and year end results announcement on 18th June, which hopefully will consolidate the recent progress.

I hope that the lack of postings here recently does not imply that apathy has set in?

perfido
22/4/2024
18:45
And put the brakes on after filling the gap.

Looking to the left of the chart note support at the Fib (5566).

As I type the US market is moving up so maybe another gap up tomorrow. (Everyone cheers).

AHT DAILY

bracke
22/4/2024
17:32
New Gap filled....
fenners66
22/4/2024
15:15
Capital Markets day next Monday, 29th, when Sunbelt 4.0 will lay out the plans for the next five years.
dcarn
22/4/2024
15:07
Good afternoon Mr bThanks for the "gap analysis".Think Caterpillar report this Thurs.
disc0dave46
22/4/2024
13:38
The gap at 5588 filled but a new gap this morning at 5558.

US 1st qtr earnings this week including some of the big 7.

AHT DAILY

bracke
16/4/2024
12:36
5700 failed to hold but has not tested the 23.6% Fib at 5566.
New gap down from yesterdays close at 5700.

AHT DAILY

bracke
15/4/2024
14:30
The share price is currently supported at 5700 (5698 on chart).

Irrespective of the Iran/Israel situation the RSI suggests 5700 is unlikely to hold. 5566 is next support zone.

AHT DAILY

bracke
11/4/2024
13:28
Good day palwing

"A drop to make it an attractive buy...you tease!"
==================================================


Yes I thought that would elicit a reaction but it is a muted one with just yourself commenting. Perhaps holders were stunned at the thought of a drop of the magnitude I mentioned.

Given the current US market does the share price appear to be a good buy or this there likely to be a better opportunity.

AHT DAILY

bracke
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