Ashtead Share Discussion Threads

[casket1] 03/5/2024 08:31

More like an earthenware pot full of excrement

[disc0dave46] 02/5/2024 19:05

Shouldn't bother Mr b tbh, trt's predictions are like a broken record, or is it broken clock!. Either way a wind up.

[bracke] 02/5/2024 15:53

That's more like the trt we have come to know.

[trt] 02/5/2024 14:17

If £55 doesn't hold we could easily see £50.

[bracke] 01/5/2024 17:28

Good day disc0

You have been conspicuous by your absence. I presume you have been away on one of your cruises.

As for trt's £55 I am surprised at his restraint. I would have expected £50. On this occasion he could be in 'with a shout'. £55 is only a 38.2% retrace from the recent high to the last major low.

I suppose it depends how hawkish Mr Powell wants to be. I doubt he wants to overly frighten the market bearing in mind the November election so no rate reduction but no talk of only 1 or 2 cuts. Steady as she goes and more of the 'be guided by the data'.

[disc0dave46] 01/5/2024 17:21

Thanks Mr b for your insight, as ever.Will say it again - Mr P is a numpty, the FED have poured petrol on inflation and what a surprise wages have gone up!, WTF did they expect?. Rant over.

[disc0dave46] 01/5/2024 17:14

Pmsl....dont think there's a two digit number he hasn't called......and from memory it never comes to fruition. A good luck mascot.

[palwing32] 01/5/2024 16:08

trt says lower...again. lol

[thompsonnic] 01/5/2024 14:26

Bracke Cheers for the info so it looks like next stop 5558.

[bracke] 01/5/2024 13:20

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

[2flatpack] 01/5/2024 09:21

I live in hope.

[trt] 01/5/2024 08:18

Could see profit taking bringing this down to below £55

[thompsonnic] 01/5/2024 07:37

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.

[palwing32] 01/5/2024 07:23

EDIT: 1 minute later, 5728. Gap over filled?

[palwing32] 01/5/2024 07:22

08:21 - 5750p Gap filled?

[fenners66] 01/5/2024 06:59

Is Kyle Horgan - included in the presentation related to the CEO ?
If so is that a genuine appointment or nepotism ?

[fenners66] 01/5/2024 06:52

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.

[c_k] 30/4/2024 20:34

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

[fenners66] 30/4/2024 18:56

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%. "

[bracke] 30/4/2024 15:54

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.

[disc0dave46] 30/4/2024 15:37

HEES Q1 comments may have caused the late dip, or Mr P has opened his mouth!.

[thompsonnic] 30/4/2024 15:16

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

[fenners66] 30/4/2024 13:17

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 ?

[bracke] 29/4/2024 12:38

"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