Ashtead Share Discussion Threads

[slogsweep] 18/6/2024 11:37

Pity they have wasted so much on buy backs when reducing debt would have been a better option

[fenners66] 18/6/2024 10:44

The Alliance news headline :-

"TOP NEWS: Ashtead predicts rental growth slowdown amid profit decline"

The results :-

"We are in a position of strength, with the operational flexibility and financial capacity to capitalise on the opportunities arising from these market conditions and ongoing structural changes. Through the actionable components of our new strategic growth plan, Sunbelt 4.0, we will drive long-term sustainable growth and returns for all stakeholders and the Board looks to the future with confidence."

It seems you can write any take on it depending on your ambitions.....

[bracke] 18/6/2024 10:41

It was going to be difficult to match previous levels of growth and the market does not like slower growth forecasts.

The share price has dropped out of the long term rising channel but is holding at the 50% Fib (5298). The gap at 5312 has been filled but the drop this morning has opened up one at 5510.

So far there has been no rush to buy the drop, perhaps the US will take the opportunity when they open. If not next support is at 5100 with a long stop at 4954.

AHT SP

[disc0dave46] 18/6/2024 07:29

Consensus forecast was 386c eps, so in line with forecasts.Not particularly overwhelming numbers but solid enough IMO.

[trt] 18/6/2024 07:06

Could see £50 level.

[c_k] 18/6/2024 06:43

$10.8b looks to be on target. I am unsure what the City was looking for on profits though. Operating profit up 5% but profit before tax down 2%. This can't be good for the share price. Still showing impact from the film strike, high interest rates and staff costs.

[slogsweep] 14/6/2024 06:43

I hold US shares in an ISA NVDA Appl Coke. You get a Iben-8 form to exempt you from some of US witholding tax.

[bracke] 13/6/2024 17:52

And back to 5500 support. The earnings and revenue results on Tuesday to decide share price direction. A good beat would be advantageous. A fail would confirm trt as Guru....3rd class.

AHT DAILY

[disc0dave46] 13/6/2024 17:51

Drop has more to do with Powell putting the boot in on cuts than chatter about delisting.As for what trt posts.....no comment!.

[slogsweep] 13/6/2024 17:01

I hold US shares in an ISA NVDA Appl Coke. You get a Iben-8 form to exempt you from some of US witholding tax.

[casket1] 13/6/2024 16:17

Crookes243 - not sure, but if this de-lists you would have to move your shares from to your nominee account as I believe you are not allowed to hold any US$ holdings in your ISA

Not sure on the first part, but I am sure on the second....

[crookes243] 13/6/2024 15:12

I hold my shares in AHT in an ISA so all tax free. If there is a delisting then I assume dividends will be taxed at source. Not good.
Maybe trt is correct about the price drop……
Or maybe they will stop paying dividends like all good US Companies ?

[trt] 13/6/2024 13:15

Could see £50 level with the impending delisting.

[bracke] 12/6/2024 16:05

The US Data did the trick and the market rejoiced verily.

Later Mr Powell will provide a statement etc and likely stick to the usual 'signs of improvement but will be guided by future data'.

AHT share price needs to show intent by closing above the large red candle (03 June). Also bear in mind the earnings and revenue results on 18 June.

AHT DAILY

[servicewash] 12/6/2024 13:12

MACD bullish crossover occurring on the daily chart. Last time this happened the move pushed the price up to 61.80. Interesting to see where it will go from here. Volume in these situations is often a key indicator also

[disc0dave46] 12/6/2024 12:36

US CPI 0.1% below forecasts

[fenners66] 12/6/2024 09:58

Hope so - the UK business may have to stand on its own 2 feet again in the future..
Although I have noticed another US business - United Rentals - plant occasionally over here.

[disc0dave46] 12/6/2024 09:42

HSS has list its long standing contract with Amey: "HSS Hire Group Plc ("HSS" or "the Group") announces that, following a retender process it has been notified by Amey Plc of its decision to move to another supplier for the provision of its equipment rental managed service contract. The supplier agreement will end early December 2024 subject to any transitional services that HSS may agree with Amey. The agreement, which commenced in December 2015, accounted for approximately 7% of Group revenue and 10% of Group Adjusted EBITA in 2023."Wonder who won the tender?.....could be worth c £25m pa income, circa +4% Sunbelt UK?.

[disc0dave46] 11/6/2024 18:48

Good evening Mrb"I think you are 'taking the mickey'."Always has been

[fenners66] 10/6/2024 23:40

A very simplistic calc would be take AHT at URi's PE ratio - as per this site - would have AHT at £66

[bracke] 10/6/2024 16:03

Good day trt

I think you are 'taking the mickey'.

A listing on the US Market is likely to result in a move upward.