Ashtead Share Discussion Threads

[cockneyrebel] 03/9/2014 11:08

Broken out to all time highs - some decent broker upgrades coming imo

From Dow Jones:

"The company said that its end markets were in the early stages of recovery, up around 8% year on year, and that it was growing ahead of that, with same-store growth of 17% as it continues to win market share, in part through opening new branches and making small acquisition...."

CR

[sportbilly1976] 03/9/2014 09:48

breakout the rising resistance line on the 2-year chart - target purely from that would be ~£12.

there you go - much cheaper and quicker than these analysts, and I've no position so not talking a tale to assist my clients either :)

[broadwood] 03/9/2014 08:41

Ashtead's underlying pre-tax profits rose to a record £120.4m in the first quarter - up 33% at constant exchange rates.

Underlying group rental revenues were up 22% at £417.,7m and underlying earnings before interest, tax, depreciation and amortisation and operating profits rose to £209.9m and £133.5m - up 30% and 33% respectively.

Chief executive Geoff Drabble said: "We are pleased to report another strong quarter as we continue to capitalise on recovering markets and take further market share in both Sunbelt and A-Plant. Sunbelt delivered 22% rental revenue growth and A-Plant 19% which, together with a focus on operational efficiency, helped to deliver record underlying pre-tax profits of £120m.

"We invested £284m in capital expenditure and a further £32m on bolt-on acquisitions in the quarter as we continue our strategy focussed on organic growth supplemented by bolt-on acquisitions. Given the momentum evident in the business, we are increasing our full year guidance for capital expenditure to a range of £825m to £875m. While we continue to invest heavily in the business, our strong margins allow us to do this while maintaining our leverage discipline.

"As a result of this strong performance, and with a strong balance sheet to support future growth, we now anticipate a full year result ahead of our previous expectations

[broadwood] 03/9/2014 08:33

First TP increase.

Panmure Gordon Ashtead Group PLC 03/09/2014
Reiterates
Buy Buy
0
1,090.00 1,128.00 986.50
38

2

[fenners66] 03/9/2014 08:03

Morning Rescuer nice to read you, yep still got some!
Smashing open, however Bracke's going to be warning us about the Gap next....

[rescuer] 03/9/2014 08:03

Aye Smithie,

folk like Hatto, Clarky and many others were holding £20k a point, yes £20k a point from 3p,

that would be erm erm lots of money now.

Bracke, r u still around ?

r

[arab3] 03/9/2014 08:00

why did this drop to £8 a few months ago?
Someone on this thread was shorting it
and saying it was going to £6 !!!!

[broadwood] 03/9/2014 07:46

Upgrades likely after the conf call.

[rescuer] 03/9/2014 07:39

WOW,

to think I bought these at 3p and sold them at not much more.

Clarky, hope you still got some.

my 103p price target back in 2001 has now been blown slightly out of the water.

well done to all those who bought in 2001 and still hold

r

[broadwood] 03/9/2014 07:24

5 year chart - stairway to heaven.


Ashtead underlying operating profits up 33%

[bertie bee2] 03/9/2014 07:23

Well we hope so, having bought into SDY at 80p.

[olivercromwell] 03/9/2014 07:06

Exceptional. Should help SDY

[broadwood] 03/9/2014 07:04

That'll do very nicely.


As a result of this strong performance, and with a strong balance sheet to support future growth, we now anticipate a full year result ahead of our previous expectations."

[james97] 02/9/2014 21:38

Mjcferguson:
Profits up 25% would be a good result. However I expect they wil be up 30/35%
Soon find out...

[dcarn] 02/9/2014 17:51

This was on Citywire a few days ago, £109.9 million.

Ashtead set for profit boost

The US division of tool hire company Ashtead (AHT) is expected to lift first quarter results.

Jefferies analyst Justin Jordan reiterated his ‘buy’ recommendation and increased the target price from £11.00 to £11.50 as he predicted positive news from the first quarter 2015 results due next Wednesday, thanks to the business’ US Sunbelt division. Shares were trading at 976p yesterday.

‘We forecast 18% Q1 2014 Sunbelt rental revenue growth, which post 9.5% foreign exchange headwind gives £109.9 million/ 13.7p profits before tax/ earnings per share,’ he said.

‘With improving US macro and Ashtead’s organic led expansion giving continued market share gains, we see upside risk to estimates.'

Jordan added: ‘The key risks remain US macro, pricing pressure and FX. With improving macro outlook and continued market shares gain we are increasingly confident Ashtead is in the early innings of a multi-year period of supernormal profits before tax and earnings per share growth.’

[mjcferguson] 02/9/2014 14:21

Has anyone got any views on the profit for q1 to be reported tomorrow?£125m,up 25%?

[cockneyrebel] 02/9/2014 10:27

UK Construction PMI Smashes Expectations:

[broadwood] 02/9/2014 09:28

TP increase.

Liberum Capital Ashtead Group PLC 02/09/2014
Reiterates
Buy Buy
0
1,030.00 1,100.00 983.00
70

2

[discodave4] 01/9/2014 22:26

Matched the highest close 4th April @ 983.SDY on the up again......AHT "bolt on acquisitions & mergers"?, been talk for a while of SDY off loading their Middle East operations, as has been mentioned on here not likely though to be AHT.....but who knows!.Fingers crossed for Wednesday.GLDD

[cockneyrebel] 01/9/2014 08:36

A close here would be a new closing high

CR

[bracke] 28/8/2014 12:28

Which gaps will it fill in the near future?

25/26 Aug 950.

18/19 Aug 917.50.

8/11 Aug 869.50.

That's enough to be going on with.

950 High probability.

917.5 Looking at previous price action suggests yes it will fill
within a couple of weeks.

869.50 Only if the market takes a 'chunky' drop eg DOW Minus
several hundred points.

[bracke] 27/8/2014 15:46

And the gaps remain unfilled. Oh! I wasn't going to spoil the
moment was I.

It's ok that was yesterday, so I can spoil away today!

It's still holding.

Anyone sh sh sho shor short? Had a spot of bother getting that out.
It will be a brave soul who admits they are.

[discodave4] 26/8/2014 18:49

Bracke,Your right............it would spoil the moment!.DD