Ashtead Share Discussion Threads

[2flatpack] 22/7/2015 11:51

URI down yesterday by 59 -0.74%
The double downgrade for AHT is quoted on the URI site of the IG platform and ends with :-
URI reports Q215 results this week , with brokers Jefferies expecting consensus downgrade.
What the hell does that mean?
Thinking of selling up and going to bed today.
cheers

[clarky5150] 22/7/2015 11:42

5 GARP Stocks To Research: Standard Life plc, Barclays plc, Ashtead Group plc, Bellway plc & OneSavings Bank plc

By Jack Tang | Fool.co.uk – Tue, Jul 21, 2015 07:05 BST

Ashtead Group

Equipment hire company Ashtead Group (LSE: AHT) has had a long history of consistently delivering strong earnings growth. Underlying EPS has grown by an annual compounded rate of 53.2% over the past three years.

Underlying EPS is projected to grow by another 24% to 77.9 pence this year, which implies a forward P/E of 13.6. The company will likely sustain its strong earnings momentum for some time, as construction activity picks up in the UK and US and the company optimises its product offerings.

[clarky5150] 22/7/2015 09:12

a 25% cut in price target is madness, especially as the stock was above their target when they made it. Its not even a cooling off they are suggesting but a full stop to growth. Where is there any factual basis to their forecast other than their take on trends and possible effects. I am worried tho that they might have sight of URI info before us. Im sure the FSA have a name for that....

[discodave4] 22/7/2015 08:41

Broker downgrade:(ShareCast News) - Ashtead took a hit on Wednesday after a double downgrade by Bank of America Merrill Lynch, which cut the stock to 'underperform' from 'buy' and slashed its price target to 1,000p from 1,300p, pointing to a "triple whammy" of worrying trends."We have become increasingly concerned that the rental rate environment has weakened in recent months and the outlook for further rate growth from the current cyclical peak looks increasing unlikely," the bank said.Bank of America said its concern was based on the shake-out from the oil and gas slowdown which is having an impact on second-hand values at auction, weaker commentary from United Rentals, and the fact that elevated levels of new equipment in the supply chain could add pressure to Oil Equipment Manufacturing prices and therefore yields.DD

[2flatpack] 22/7/2015 08:40

Tree shake
Cheers

[broadwood] 22/7/2015 08:36

Apple is the US' largest company.

Their forecast for the coming quarter was disappointing last night - the shares fell 7%.
It probably is seen as a barometer of the US economy generally so possibly putting back an interest rate rise.

The dollar has been strong anticipating this rise and Ashtead similarly as most of its income is generated across the pond.

Just my view.

[solanki2000] 22/7/2015 08:22

I just don't see it having any correlation to the drop of those. Shame as posted decent results yet still weakness and now below support levels

[discodave4] 22/7/2015 08:19

Think it may be an over reaction to the post market falls of Apple (-6.9%) and Microsoft (-4%).DD

[solanki2000] 22/7/2015 08:16

What's the reason for the fall. Loads of stops triggered at key resistance levels

[bigboots] 22/7/2015 08:13

WTF and United aren't even out with their figures

[broadwood] 21/7/2015 17:08

US $ down today - so goes AHT.

[macarre] 21/7/2015 15:26

Just bought a few.

[bracke] 21/7/2015 15:23

Today the share price is having another look at the last swing low and the Median Line at 1044. It did dip below to 1036 but was supported at the Median Line and has moved back up to 1044 as I type.

It's under pressure.

[2flatpack] 21/7/2015 11:12

Is anyone else having problems with this site ?
Using internet explorer I am continuously being disconnected and if I use google the trades will not show.
Cheers

[clarky5150] 21/7/2015 10:39

AHT hasnt made any gains of note since September 14. This is turning into a poor year all round.

[clarky5150] 21/7/2015 10:37

Aye to that. Cant understand where its going wrong for URI. They were valued far greater than AHT historically.
Lets hope the soft month hasnt turned into a soft quarter.

[2flatpack] 20/7/2015 20:42

URI down 2.3% @ 7930 last at this level Feb. 2014.
They report Q2 results 22 July.
I think we are tarred with the same brush.
Lets hope their results are better than expected or we will have a long wait untill our results.
I live in hope with a little paranoia.
Cheers

[clarky5150] 20/7/2015 17:16

Great. Once again we fall on the u.s opening. Ftse dropping well behind Dow now.

[bracke] 16/7/2015 14:48

Tried to post a chart comparing AHT & £/$ but unable to do so.

[broadwood] 16/7/2015 14:11

US unemployment claims down again - increasing the likelihood of Yellen going in September.

So $ rising - taking Ashtead with it. They have the most exposure of any company in the FTSE to the $.

[discodave4] 16/7/2015 13:02

"It needs to get cracking".........that's all it needed!.DD

[broadwood] 16/7/2015 11:44

So goes the dollar, so goes Ashtead.

Ashtead Group and Wolseley are both gaining on the back of the rising US dollar

Wolseley has had a particularly good run.