Share Name Share Symbol Market Type Share ISIN Share Description
Ashtead Group LSE:AHT London Ordinary Share GB0000536739 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -16.50p -0.87% 1,883.50p 1,882.00p 1,883.50p 1,918.00p 1,871.50p 1,900.50p 2,293,714 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 3,418.2 862.1 195.3 9.6 9,114.78

Ashtead Group Share Discussion Threads

Showing 57001 to 57024 of 57025 messages
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DateSubjectAuthorDiscuss
22/10/2018
18:37
Another issue with buy backs is the company cancels stock at the front door and then issues share options (&hence new stock) at the back door - watch the share count!!!!!!
schober
22/10/2018
15:38
Fair comment Disco. In the meantime the share price is having difficulty holding on to support at 1900.
bracke
22/10/2018
15:23
Afternoon bracke.No comment, bored of the buyback debate now ?.
discodave4
22/10/2018
14:20
URI made another acquisition
smcni1968
22/10/2018
13:57
Good day Disco Not certain who your post was aimed at but does a buyback other than in very large amount ever support an SP?
bracke
22/10/2018
10:15
Sorry but why would you think a buyback supports a share price when the markets are correcting, are you saying that all company's that had buybacks during the financial crash didn't fall?....crazy.
discodave4
22/10/2018
10:05
Good day Riley If a hostile takeover were to be made; the probability is slender; and it resulted in a premium to the share price would that not be a good result for shareholders?
bracke
22/10/2018
09:40
Share buyback also prevents hostile takeovers,The management seems to be doing the right things,Change is usually for the worst.
riley109
22/10/2018
08:59
Debated yes, but new evidence has come to light..... I.e. the primary argument for buybacks is it supports the share price as bracke says - the evidence shows the buybacks cannot fight market sentiment Then its all just overpriced wasted money. Seen this so many times before ... it irks me big time ! I believe the share price would with stand the change in market sentiment much more with a commitment to wipe £1bn of the debt !
fenners66
21/10/2018
18:49
Evening bracke.Think the point has been made numerous times and debated to death on here.Anyway, CAT report Q3 Tuesday which may provide some uplift here if they are good - they are forecast to be decent on the back of increased mining production, apparently, we will see.Good luck.DD
discodave4
21/10/2018
14:44
Good day Disco Whilst the share price held its elevated levels it could be argued that the buybacks were doing the job of keeping the share price at the high level. I think the point fenners is making is that the considerable fall proves they certainly aren't. Supporters of the buybacks may point to the fact that shares held in treasury do not receive the dividend thus increasing the divi to shareholders. Each of us will weigh up the pros and cons in the new circumstances and decide if buybacks should continue.
bracke
20/10/2018
13:30
moved on that is!
discodave4
20/10/2018
13:29
Thought we had moved! :)
discodave4
19/10/2018
21:46
Well when it comes to valuing the shares for me dividend yield plays a large part. AHT has been my growth stock so slices here have been moved over to higher yielding stocks. However I am still of the opinion that AHT should be offering a higher sustainable yield instead of buybacks which not only gives me personally a higher annual return for holding the shares - but allows debt repayment to have that increase by reducing costs. Said all that before - but if the yield was another 50% on top would that have had an impact on reducing the fall ? I have also said before that the support for the share price from buybacks is merely a matter of supply and demand on the day; and the next day the effect is gone - clearly all the buybacks of the last year have done nothing to stop a 52 week low. Arguably they build an artificially supported share price and do not build a loyal shareholder base such as those seeking an income from increased dividends - thus when market sentiment turns against URI there is nothing to stop shareholders trying to bail out and hold on to any gains. Meanwhile debts are higher, interest charges are higher and profit ( not just the statistical measure of EPS) is lower.
fenners66
19/10/2018
16:28
Looks like you've had an interesting day. 1880 was correct but on the conservative side. Once again buyers came in to lift it back to a support zone as was done when it dropped below 2000. Holders will be hoping this support zone holds! I have added the next support zones on the chart below at 1700 and 1550. What a drop in 14 trading days (20%). Was it grossly over valued at 2400 or is it grossly undervalued at 1900, perhaps a bit of both. AHT DAILY
bracke
19/10/2018
16:26
Numis morning comment: Ashtead (Buy, TP: 2800p) United Rentals Q3 Conference call feedback, Rates the dominant theme as expected • Key points: 1) Rates –With the reduction in the increase in rental rates to +2.1% in Q3 from +2.8% YoY in Q2, this was the focus of the call. Management pointed to the tougher proforma YoY comparative as we had highlighted (c.1.3%), and sequential monthly improvements in price throughout the period in all regions. However, they were pushed on the point as they had previously been targeting FY rate growth of 2.5%-3% and are now tracking behind this estimate. They were unconcerned with the movement given that time utilisation was flat YoY, but most analysts were unconvinced, and kept returning to the point during the call of why rates were not strengthening further. They pointed to strong markets, but inevitably competitive markets. We believe “duration̶1; is more the issue – they are switching the focus to infrastructure projects, where rents are longer, but have lower prices. 2) Activity - End markets remain strong. All indicators (Dodge, PMIs, ABIs, local budgets, ARA, RER and labour bureau) are all positive, and there are a host of infrastructure projects that have greater longevity for equipment demand. Quoting activity is up 10% YoY. 3) Equipment price inflation – Not an in issue, or a factor behind the increase in capex. Management point to its scale and to its excellent relationship with its partners. 4) M&A – The net debt / EBITDA target range is 2.5–3.5x (Ashtead is 1.5-2.0x) and the FY18E level should be just below 3x. Despite the significant amount of M&A over the past 18 months (NES, NEFF, BakerCorp, BlueLine), URI’s management would consider going back to the upper end of the range for the right acquisition. 5) Europe – URI’s acquisition of BakerCorp bought with it a small presence in Europe. They faced further questions regarding the potential for expansion in the region. However, management outlined they are focused on the US, and it would probably take until late in Q1 2019 before the IT systems in Europe were integrated with the US versions, so it wasn’t yet a priority. 6) Overall – The conference call kept coming back to rates so we expect that will continue to weigh on sentiment for United Rentals and Ashtead. However, we do not believe the fundamentals have changed, or URI’s trends indicates that the cycle that is suddenly showing signs of coming to an end. Ashtead has been very clear about its yield metrics (combination of price, mix of kit and duration of rent). We believe these concerns are overdone, and would look to Buy Ashtead in the current period of weakness. We believe it continues to offer investors the prospect of positive earnings momentum, improving returns from its clusters roll-out strategy and further scope for M&A as well returns of capital to shareholders.
smcni1968
19/10/2018
15:53
Looks like a significant Tree Shake
hatfullofsky
19/10/2018
14:33
The last time the share took a beating the company said they had no knowledge of why it happened.Maybe Ashtead are shafting United Rentals hire rates like they did to all the small and medium players in GB.Keep the pressure on until they sell out or pack up.AHT's results speak for themselves,could be United aren't as good at it as AHT.This is a £30 share.
riley109
19/10/2018
13:04
Too busy buying shares at this price no doubt ;)
dealer1972
19/10/2018
12:47
Following Hydrogen's comments - we've gone from a 52W High to a 52W Low in the space of little over 2 weeks. I know AHT don't usually comment on the share price but one would expect some narrative from them.
hatfullofsky
19/10/2018
12:04
On the downside, equipment rental firm Ashtead was under the cosh for the second day running after US peer United Rentals' guidance disappointed on Wednesday. United Rentals shares ended down nearly 15% overnight.
hatfullofsky
19/10/2018
08:51
Barely a week after 1Q results with 46% EPS rise and nothing but blue sky on the horizon driving share price to a high of 2461p we are 25% off that high. Trump calls the Fed loopy, 7m jobs on offer, low unemployment, tax cuts helping capital spend, US economy will not stop overnight. US housebuilding may slow, but the repairs to Hurricane damage will cost $billions and like last year will drive rentals. URI were highlighted as one of several Industrials in the firing line and has been sold down, AHT follows. EPS forecasts (statutory) for 2019-21 are 160p 182p 200.0p implying EPS growth of ~11.5%, given the latest numbers that hardly seems challenging, on my back of an envelope DCF estimate, a case can be made for fair value share price of 2800+, even a distress case with 5% average long-term growth justifies current share price Having sliced into the rise making this my best share, now have bought back several tranches into this dip, latest buy today, now at 4.5% (peaked at over 6% from memory), would be willing to go a bit further.
hydrogen economy
19/10/2018
08:35
Very strange. Q1 update looked good and a earnings beat followed by 2 upgrades. Markets are very weird at the moment. What am I missing ?
hatfullofsky
19/10/2018
08:25
MM's are just sheep. All be it, Wealthy bent sheep!! I blame Bracke for buying back in.
lairddavid
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