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 Shares Traded Last Trade
  83.00 2.31% 3,677.00 374,386 11:42:59
Bid Price Offer Price High Price Low Price Open Price
3,677.00 3,679.00 3,683.00 3,525.00 3,525.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 5,031.10 936.00 155.70 23.6 17,552
Last Trade Time Trade Type Trade Size Trade Price Currency
11:42:57 O 340 3,677.00 GBX

Ashtead (AHT) Latest News (2)

More Ashtead News
Ashtead Investors    Ashtead Takeover Rumours

Ashtead (AHT) Discussions and Chat

Ashtead Forums and Chat

Date Time Title Posts
06/7/202212:03Ashtead - Building on Powerful Rental Growth!60,977
09/6/202214:24Ashtead Group Q3 05/03/19 Preview1
31/10/202115:25Xmas Eve Comp1
28/9/201809:51Ashtead Group PLC _ ACTIVE INVESTORS CLUB (AHT.L)3

Add a New Thread

Ashtead (AHT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Ashtead trades in real-time

Ashtead (AHT) Top Chat Posts

Ashtead Daily Update: Ashtead Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker AHT. The last closing price for Ashtead was 3,594p.
Ashtead Group Plc has a 4 week average price of 3,269p and a 12 week average price of 3,269p.
The 1 year high share price is 6,572p while the 1 year low share price is currently 3,269p.
There are currently 477,354,833 shares in issue and the average daily traded volume is 1,061,947 shares. The market capitalisation of Ashtead Group Plc is £17,528,469,467.76.
bracke: Another waterfall drop. When the market takes fright the good goes with the bad. I suspect most viewing this share will be considering when to buy. You don't need me to list the cause of the current woes and how long they will last. The chart shows that today the share price has dropped below the 50% fib. The two dashed blue lines are opening gaps from a year ago and yes the market does remember them. The purple line is the level the share price was at immediately prior to Covid. I am not suggesting that the share price will return to the pre Covid level but I do think that there is a fair probability that it will drop to the 61.8% fib. If you think that fib levels are a waste of time look carefully at the price action when the share price reaches them. AHT DAILY
bracke: The chart shows the share price currently basing in the 37-40 range (50% fib). It attempted to do the same at 45 (38.2% fib) and the share price rose to 49 before dropping back to and straight through 45. It's likely that shareholders who were inclined to sell have done so and those who remain will continue to hold. The danger comes when buying increases, the share price rises and profit taking occurs which drops the share price back to 37 and maybe lower. This has occurred a few times during the fall. AHT DAILY
bracke: disc0 I presume (always dangerous) that your interest in purchasing AHT shares is not based on the dividend but on share price increase i.e. capital gain. Looking at the metrics the share price appears to be fairly if not well rated which suggests the current share price is about correct. Barring the FED pumping large amounts of cash into the system which appears very unlikely at this time what are your expectations?
bracke: Time for a chart. I will try and keep it simple. The share price is becalmed at the 5500 zone. Why you may ask.......The black dotted line is Friday's closing share price Follow the line to the left and you will see the share price between July and October 2021 was supported at that zone. As is often the situation what was support, when approached from below becomes resistance and vice versa. So what next? Option one - A spat of buying on opening to gap above resistance or a day of continuing buying resulting in a large bull candle. Option two - The share price retraces maybe to fill the gap at 5276 or a partial gap fill and then pushes up to try and break through resistance. If/when the share price does break through resistance the next likely resistance zone is 5758 for the same reason as described above. AHT DAILY
bracke: Good day optomistic "please to see you are keeping yourself occupied over here with the wealthy AHT holders :-)" ================================================================================ I was hoping some of the wealth might 'rub off' on me! Having typed that you will have noted that the AHT share price has finally come back closer to earth. I have been watching the trials and tribulations of BP. Oil soaring and BP has to flog off its Russian shares....there's no justice. Perhaps one day the company will return to former glory....perhaps. Good luck with your new investments. My trading has had the best start to the year I've ever had. Nothing to do with my undoubted expertise more to do with trend and volatility. I could say long may it last but not at the expense of the Ukrainians.
fenners66: AHT resilience and AHT share price are 2 different things. However I do believe that investing in the resilient business will succeed in the long run , as it has for the last 20 years or so. So in current share price terms - who knows? It's supply and demand - which is why there is merit in the technicals. But if results continue to show growth in PBT and dividends (quicker rises here please) and debt reduction or new business acquisition the share price will grow as well over time....
bracke: Good day fenners Thank you for your reply. Purely a personal view but anyone buying this share is doing so on the expectation of making a profit on the hope of a higher share price Buying for the dividend would appear to be a leap of faith that the dividend is going to rise massively. Those who bought at the higher levels now have to wait in the hope that the share price rises back to the highs. In the meantime they will receive a meagre return on their investment. The current PE is demanding. I watched a video last weekend. Mr Buffet was asked about buybacks. He said the only justification he could see was if the share price was considered too cheap. Other than that buybacks were usually for nefarious reasons. Considering the levels at which buybacks have occurred was the share price always too cheap?
disc0dave45: 'IF the market reverts to pricing shares on their fundamentals what would be AHT share price be?'Oops, just realised they report in USD now not sterling so once again I must apologise for my previous calcs on its PE. Broker consensus is a share price of 6652p, and an eps of 326 cents (243p) for this FY, which I'm assuming was pre Q2 update and their 4% uplift, glass half full let's call it 250p eps. So they rated it at 27x, as you've posted eps last FY was 166p so eps forecast growth is +46%, a re-rating of 20x seems more than reasonable IMO given the growth, that's a share price of £50 so poss at fair value now, (it is only a peg of 0.4).FY23 eps is forecast to increase 17% so a share price of 5850.Now I've twigged eps was in USD then selling the bench will wait a while and see where this does go, thanks bracke for making me review the numbers.
bracke: disc0 "Is that not an increase of 139%?" ================================= Yes you are correct. My apologies. I have corrected it. "Nothing justified it from a fundamental perspective" ===================================================== That was also my thinking. The whole market rise was on the back of low interest rates and QE. QE is ending and rate rises are on the way. Should not the share price return to pre Covid levels or at least close to. As I type it is at approx 4900 still some way above 2750. IF the market reverts to pricing shares on their fundamentals what would be AHT share price be?
fenners66: 6 months worth of share buybacks now looking as expensive. Just goes to show , that its always supply and demand. The idea that buybacks mean a permanent reduction in share count and therefore boost EPS , is just not relevant to the share price over time. Supply and demand drives the price and the ability to grow the business , not jerrymander an EPS number. If AHT continues to do the right things real earnings will grow and drive the share price over time. Forget buybacks - remove the debt , share price will look after itself either way.
Ashtead share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220707 10:58:00