Ashtead Share Price (AHT)

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
	37.00	1.65%	2,279.00	510,959	13:18:48

Bid Price		Offer Price	High Price	Low Price	Open Price
2,278.00		2,279.00	2,283.00	2,249.00	2,251.00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Support Services	4,499.60	1,059.50	166.10	13.7	-

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
13:18:20	AT	150	2,279.00	GBX

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Ashtead (AHT) Latest News

Ashtead News

Date	Time	Source	Headline
15/7/2019	17:37	PRNUS	ASHTEAD GROUP PLC - Transaction in Own Shares
12/7/2019	17:19	PRNUS	ASHTEAD GROUP PLC - Transaction in Own Shares
11/7/2019	17:11	PRNUS	ASHTEAD GROUP PLC - Transaction in Own Shares
10/7/2019	17:08	PRNUS	ASHTEAD GROUP PLC - Transaction in Own Shares
10/7/2019	06:07	ALNCF	Alliance News Flash Headline
09/7/2019	17:37	PRNUS	ASHTEAD GROUP PLC - Transaction in Own Shares
08/7/2019	17:25	PRNUS	ASHTEAD GROUP PLC - Transaction in Own Shares
05/7/2019	17:34	PRNUS	ASHTEAD GROUP PLC - Transaction in Own Shares
05/7/2019	12:44	PRNUS	ASHTEAD GROUP PLC - Director/PDMR Shareholding
04/7/2019	17:20	PRNUS	ASHTEAD GROUP PLC - Transaction in Own Shares

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Ashtead (AHT) Discussions and Chat

Ashtead Forums and Chat

Date	Time	Title	Posts
16/7/2019	10:20	Ashtead - Building on Powerful Rental Growth!	57,066
04/3/2019	13:10	Ashtead Group Q3 05/03/19 Preview	-
02/11/2018	09:34	Ashtead	2
28/9/2018	09:51	Ashtead Group PLC _ ACTIVE INVESTORS CLUB (AHT.L)	3
29/6/2017	21:52	been a long time since we rock and rolled	29

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Ashtead (AHT) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
12:18:20	2,279.00	150	3,418.50	AT
12:18:20	2,279.00	250	5,697.50	AT
12:18:13	2,278.00	126	2,870.28	AT
12:18:13	2,279.00	200	4,558.00	AT
12:18:13	2,278.00	19	432.82	AT

View all Ashtead trades in real-time

Ashtead (AHT) Top Chat Posts

Date	Subject
16/7/2019 09:20	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 2,242p. Ashtead Group Plc has a 4 week average price of 1,951p and a 12 week average price of 1,826p. The 1 year high share price is 2,461p while the 1 year low share price is currently 1,572.50p. There are currently 477,748,600 shares in issue and the average daily traded volume is 1,524,113 shares. The market capitalisation of Ashtead Group Plc is £10,887,890,594. Read Full Thread Reply
01/7/2019 17:12	ianwwwhite: Hi bracke and uppompeii, I am in complete agreement with both of you! By way of explanation I should explain I have retained the majority of my AHT holding (buy and hold), but thought that it was prudent to reduce the risk and re-balance my portfolio a bit (take some profits)as we have seen a decent rise in the AHT share price recently, hence this mornings modest sale. Why this morning? At 2300+ I was feeling a bit dizzy... Read Full Thread Follow Reply
17/5/2019 00:38	fenners66: ian - thats like saying if you don't like one of a political parties policies don't vote for them.... even if you like all of the others. No the answer would be advocate change to that policy. "Fact 2; Aviva’s misfortune does not mean all buybacks are bad, and the case cannot be made using just this one example" But it does mean you have provided a very good example of why they are. Share prices go up and down. Share prices go up on days when there is more demand than supply. Share prices go down when there is more supply than demand. If the only sizeable demand comes from a company doing a buyback and that exceeds supply, price can go up. But when that buyback ends it no longer has a material effect on the share price and very often the result of an artificial higher closing price after buyback, it stimulates supply followed by a fall. After all what criteria do investors use for buying shares ? Prospect of rising profits, rising dividends and therefore rising share price so as to make a gain or gain future dividend income - all to be weighed carefully against the opportunities elsewhere. The same criteria are not used for a buyback. For a start there are no alternative shares to compare to , the "investment" is limited to one share. The shares are most likely to be cancelled so there are no future returns to worry about. The EPS calculation (all things being equal) means a higher EPS - which often rewards directors through their bonus schemes (they think that is a no brainer). What is the point of a buyback then ? To artificially inflate the share price - but if its artificial it invariably comes down again. It removes cash from the balance sheet / adds debt. There must be stats available on what has happened to share prices post buyback - adjusting for real increases in future profits . That would tell a story. Read Full Thread Follow Reply
16/5/2019 19:41	ianwwwhite: fenners Re: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ "Aviva share buyback programme, acquiring 119,491,188 shares at an average price of £5.02 - Aviva share price today? 417p " So you are saying they blew at least £101m overpaying for their own stock. You make a very convincing case for not doing buybacks! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ As often happens on these boards fenners, you are confusing rhetoric with reality. Fact 1: Aviva’s share price decline has resulted in a notional loss against the price the shares could have been purchased in the market yesterday of <>£101m as I pointed out Fact 2; Aviva’s misfortune does not mean all buybacks are bad, and the case cannot be made using just this one example Fact 3: In AHT’s case the figures currently indicate that the average price paid for buyback shares is less than the current market price – a notional profit, but my preference is to assess the benefits of the exercise once it has been completed in its entirety. (If you consider this data critical dyor!) Obviously, as has been said before, if you don't like the AHT buyback scheme, don't invest would seem to be the answer... Read Full Thread Follow Reply
16/5/2019 13:10	fenners66: ian - thanks "share buyback programme, acquiring 119,491,188 shares at an average price of £5.02 Aviva share price today? 417p " So you are saying they blew at least £101m overpaying for their own stock. You make a very convincing case for not doing buybacks ! I wonder too how many of those that sold , later bought back knowing full well that buybacks influence on share prices are only transitory - they are just more hi-demand days that can support a price and when they stop the reverse is most often true. But if you want to support your investment by not selling , restricting supply ( simple economics of supply and demand there) and collecting higher dividends year on year , you can have both a higher income and a higher share price. Read Full Thread Follow Reply
15/5/2019 17:46	ianwwwhite: Hi fenners ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 18 September 2018, 09:32Source - SMW Aviva said Tuesday it had completed its share buyback programme, acquiring 119,491,188 shares at an average price of £5.02 a share, cost <>£600mill ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Aviva share price today? 417p !! It looks like the high dividend and fall in share price over an extended period is trying to tell us something... I think you will find the AHT buyback average price figures and future prospects are a lot more satisfactory, particularly if you are in it for the long term IMHO DYOR Read Full Thread Follow Reply
27/2/2018 15:49	ianwwwhite: bracke Shortly after my earlier comment, I got the 'blue screen of death' syndrome, and had to reboot my PC. I don't know how you did it, I suppose Elite Gurus have mysterious powers, but please desist! As for the AHT share price, I no longer try to second guess this, it outran my expectations some time ago (and I'm not complaining!). I am content to just watch with awe and wonder! Read Full Thread Follow Reply
14/2/2018 11:47	ianwwwhite: God morning bracke From an investors point of view, current AHT share price fluctuations seem to be being driven by the wider market sentiment, so probably not much to say until the 3Q Results are announced on 6th March. In the meantime I'm still holding! :-) . Read Full Thread Follow Reply
14/12/2017 19:46	davidcar7: Ref post 54796 ianwwwhite I have written to Geoff Drabble re the buy back vs higher dividends and reduction in debt owing. Should I receive a reply I would be happy to share the substance of that response. Since the results were issued 2 days ago the shares have drifted quite a significant amount lower -however the figures were outstanding and I believe eventually AHT share price will continue its upward trajectory. Read Full Thread Follow Reply
02/8/2017 09:55	fenners66: Ok for what its worth:- Lets say they bought CRS on a similar multiple to the current AHT share price. That makes the $275m something like 2.6% of AHT Using that assumption they should be buying 2.6% of turnover - About £82m of turnover Interestingly if I use the AHT accounts turnover by employee and multiply by 400 ( the number we have from the acquisition news ) that would give us a turnover of around £93m. I think this actually re-enforces the lower assumption as the smaller standalone business probably has a higher relative admin staff number. Pre-tax profit is about 24% so £82m x 24% = c£20m We trade on a multiple of say 16.3 at the moment so that's worth £321m and we used cash of £211 to get it. I anticipate once they have been integrated there will be savings and efficiencies and a profit increase. It may well need more cash to improve the life of the plant ( if you are selling a business you sweat the assets and generate cash and profit at the expense of capex for a few years to make it look good). There may even have been a negative impact with their customers if they had to put up with old plant. Overall though bolt on profitable acquisitions are probably a good way of diverting cash to build the share price long term. Read Full Thread Follow Reply
17/7/2017 14:45	ianwwwhite: Good afternoon bracke, My earlier comment was made in a light-hearted vein, I am sorry if it has touched a raw nerve. Nevertheless, as you have posed the questions, I am happy to share my views: At any one time it seems self-evident that the AHT share price is the product of a number of key factors: • The company’s results, previous trading and financial performance • The company’s barriers to competition, other competitors, and future market and trading prospects • Investment Analysts recommendations (including those using TA) • Shareholders and prospective purchasers propensity to buy/sell/hold/short shares In addition in the wider market the follow factors seem important: • General market trends • Speed of migration from equipment ownership to renting • Economic cycle • Currency fluctuations (particularly $/£) • Countries attempts to manage their economies e.g. Janet Yellen (rates/expansion/contraction) • Factors like the ‘Trump’ effect In the period from March to June we have had some significant other developments: • Q3 and Q4 results, and record profits for the year ending 30th Apr • Positive free cash flow for the first time in the last five years of 319 mil • Dividend increased again • Five positive Brokers estimates in the range 1650-2000p • Short Tracker indicates shorts above 0.5% stable at 1.14%, lowest since 2015 It seems that all these factors will have played a part in maintaining the AHT share price, (I am sure you can think of others), and of course last but not least there is also the share price movements caused by speculators who form a valuable part of the market although their activities may often create a divergence between market price and the company’s perceived intrinsic value. Did fundamentals play a part in the prices changes you mention – they certainly did in my view. Finally in trying to understand the markets, I am very much drawn to Robert Rheas’s Ripples, Waves and Tides analogy described in The Dow Theory. It makes pefect sense to me! Read Full Thread Follow Reply

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