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
  -77.00 -2.59% 2,898.00 1,191,023 16:35:10
Bid Price Offer Price High Price Low Price Open Price
2,892.00 2,894.00 2,976.00 2,892.00 2,930.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 5,053.60 982.80 162.10 17.9 13,834
Last Trade Time Trade Type Trade Size Trade Price Currency
18:29:08 O 8 2,957.67 GBX

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Date Time Title Posts
23/10/202013:03Ashtead - Building on Powerful Rental Growth!58,319
04/3/201913:10Ashtead Group Q3 05/03/19 Preview-
28/9/201808:51Ashtead Group PLC _ ACTIVE INVESTORS CLUB (AHT.L)3
29/6/201720:52been a long time since we rock and rolled29

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Ashtead (AHT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-26 18:29:082,957.678236.61O
2020-10-26 18:29:082,943.798235.50O
2020-10-26 18:29:072,944.298235.54O
2020-10-26 18:29:052,958.30541,597.48O
2020-10-26 18:29:042,953.59511,506.33O
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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 2,975p.
Ashtead Group Plc has a 4 week average price of 2,761p and a 12 week average price of 2,437p.
The 1 year high share price is 3,020p while the 1 year low share price is currently 1,010p.
There are currently 477,354,833 shares in issue and the average daily traded volume is 850,054 shares. The market capitalisation of Ashtead Group Plc is £13,833,743,060.34.
bracke: Good day rescuer Pleased to be of service. AHT usually fills its gaps or very nearly does. The exceptions are at the extreme highs or lows. Looking at the 3 month chart above you will see that the September low on the 4th closed at 2561 and the lowest share price thereafter was on the 7th at 2585.Since then gaps have been filled or very nearly so. I am a keen follower of gaps and keep records of them on the FTSE, DOW, SPX and NAS
fenners66: This next snippet is about Rentokil - but I think it illustrates a point about the opportunity cost of the £1bn buyback. Bear in mind Ashtead has - "The weighted average interest cost of these facilities (including non-cash amortisation of deferred debt raising costs) is 4%. " Including $600m at 5.25% So on to Rentokil - " Rentokil Initial (FTSE100: RTO, "the Company"), today confirms the issue of a EUR 600m 8-year bond. The bond was priced at 0.50%, the Company's lowest ever coupon. The issue will refinance the EUR 350m 3.25% bond which matures in October 2021" Now Rentokil is an international business and granted AHT does not want borrowings in EUR and income in US $ .... BUT with US 10year yield is about 0.75% so there is a massive difference between that and 5.25% As Rentokil shows us they can double their borrowings and slash the interest cost I was arguing all along that AHT had a higher interest cost - not just because they needed to borrow an extra £1bn as they had spent it on buy backs - but the cost of all the debt was MUCH higher than it needed to be. If AHT had £1bn less borrowing - pre tax +£40m if they saved 3% on the rest - pre tax +£81m So take 25% tax Net +£91m / year would have been 18.2 EPS on 500m shares ie before the buyback. As Rentokil shows - a LOT can be done to cut borrowing costs........
bracke: Good day fenners Perhaps you should contact the Board and complain that the share price is rising too fast. They will probably tell you it's due to the mention of buybacks at the AGM. Games Workshop I remember looking at it many years ago and thinking how could it have such a high share price for a toy plastic figure manufacturer and look at it now. The divi yield is meagre which is barely covered and the PE is 36. If you do a comparison chart for GAW and AHT it's enough to make you weep. One wonders at what point the GAW bubble will burst....or maybe I've 'just got it in' for toy plastic figures....
bracke: Good day rescuer Does that mean you will short AHT when the DOW reaches 27,131 irrespective of what the AHT share price is? Have you considered that AHT share price may lag the DOW but then 'catch up' after you have taken your short?
bracke: I think that is unlikely fenners. The share price closed on Friday at 2737 at which level I would have expected most shorters to have covered their trades. If it had closed close to 2800 shorters would more likely have kept trades open in the expectation of a fall to-day in line with previous price action. I have noticed that the share price often spikes up or down on opening and then settles.
fenners66: "The firm began investing in the four airlines in 2016, after avoiding the aviation industry for years" So I took American Airlines to look at as an example as we have previously looked at their buyback / debt figures. Share price in 2016 about $40 2017 low was about $40 average about $45 2018 average probably above $40 We can speculate therefore that BH paid say $40 AAL share price at the end of March was $18 having skimmed BH's accounts it is not clear whether the airlines were sold by then - or after. I guess after - when the unrealised loss at $18 may well have turned into a realised loss of around 75% at say $10. BH does not pay dividends and relies on share price growth - ie. if you want an income sell your shares. BH share price has fallen about 19% this year as well. AAL's share price has been falling since early 2018 - despite buybacks. I suspect that as he takes large stakes 10% + that he cannot exit a position easily and that buybacks of size provide the false liquidity required to be able to trade large positions otherwise he has both a positive and negative effect. Buying a stake of 10% will boost a share - whilst selling 10% will likely trash it. He can join the dots as well. However buying into the airline business which was racking up debt to support buybacks - which he had a vested interest in has done nothing for the share price of AAL for 2 years . Now the black swan event has happened it is a mistake.
bracke: Good day perfido I have been keeping tabs on AHT but not a lot to post until now. Plus DOW trading has been keeping me busy. As you post there are a number of gaps to fill to the downside and to the upside. The trend is up so I will comment accordingly. 1 The share price has just risen above the long term rising trend line which commenced with the low in Feb 2016 and a touch in Dec 2018. 2 Then follows a trend line which commenced in Dec 2018 and continued until the drop occurred in Feb 2020. To regain the trend the share price will have to rise to 2400 where the line currently lies. 3 Looking at the shorter time frame shows a rising channel albeit with a weak top ie. share price is failing to reach the top of the channel. 4 Gaps to the upside - 2200, 2277, 2741. 5 What's to stop the gap fills? - A) A long term s/r zone at 2060. B) A Fib (Feb 2020 high/Mar 2020 low) at 2111. These two levels will require consistent buying to overcome otherwise they are likely to provide sufficient resistance to cause a retrace. 6 If the share price is unable to break above the two levels shown above the first gap to the downside is at 1830. There are other gaps to the downside but let's leave those for now. We live in uncertain times but if the virus lessens and economies gradually return to some form of normality the above scenario is a reasonable one. EDIT The 2060 shown in 5 is incorrect it should be 2011.
fenners66: We have been here before in terms of share price. When you have held the shares as long as I have - the share price on any given day does not really matter. It went up recently and I stated on here I would be happier with a rise to Broker estimates more slowly - over years. What does matter is that the company takes care of business. Continues to grow responsibly , looks after the balance sheet, and pays higher dividends to the OWNERS. At the end of the day shareholders OWN the business and they let the management run it. However most of the market has forgotten that. Shareholders are a mere inconvenience - sometimes getting in the way of the management looking to maximise their own earnings. Thus if I was an owner of a private business I would expect the profits. As a PLC owner I still expect a reasonable slice of the profits. I don't want some mathematical construct to justify EPS and support the share price temporarily. After all which of us saw this share price coming ?
amaretto1: In short .... AHT share price is topping out at 30000 Aplant is treading water and is under pressure from rivals....very difficult UK Market.Laying out 25+ bananas for this dividend return... is not the futureBetter options out there ....Ie divi basis AV BP AIMO
fenners66: yes perfido I did the increase using 2019 figures not the 2018. We acknowledge the share price has gone up and over the very long run if the funds are invested wisely in the business then you will see that. However we are not through one cycle yet so the 5 year period may yet prove to be a period of share price effervescence. As for selling to fund income - there is an argument to sell to crystallise a CGT allowance - but if we expect medium share price growth why sell. As the question said "What's not to like?" My answer stands - the interim dividend is not high enough....
Ashtead share price data is direct from the London Stock Exchange
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