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AHT Ashtead Group Plc

5,640.00
76.00 (1.37%)
Last Updated: 16:26:10
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  76.00 1.37% 5,640.00 5,640.00 5,642.00 5,666.00 5,548.00 5,562.00 209,773 16:26:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Heavy Constr Eq Rental,lease 9.67B 1.62B 3.6961 15.28 24.71B
Ashtead Group Plc is listed in the Heavy Constr Eq Rental,lease sector of the London Stock Exchange with ticker AHT. The last closing price for Ashtead was 5,564p. Over the last year, Ashtead shares have traded in a share price range of 4,386.00p to 5,794.00p.

Ashtead currently has 437,673,090 shares in issue. The market capitalisation of Ashtead is £24.71 billion. Ashtead has a price to earnings ratio (PE ratio) of 15.28.

Ashtead Share Discussion Threads

Showing 54926 to 54949 of 62650 messages
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DateSubjectAuthorDiscuss
25/1/2018
17:27
Good day fingers

Nice to read from you.

Happy Bending.

bracke
25/1/2018
17:25
Good day ian

Unfortunately not. The only way I know how to post a tradingview chart is by taking a screen shot. If anyone knows how to post a dynamic chart please enlighten me.

In the meantime here is the end of day chart.

bracke
25/1/2018
17:24
Well done Bracke on your achievement - I have to admit that I am 'well & truly bent' :-)
fingers xxd
25/1/2018
16:59
Good afternoon bracke,

Am I right in thinking that the graph is dynamic and will automatically update?

ianwwwhite
25/1/2018
14:40
After much fiffing and faffing about I have managed to master the task of giving an image a URL and uploading it..

Those of a charting 'bent' will understand my thinking, those who are not 'bent the charting way may have a problem.....such is life.

bracke
25/1/2018
12:00
Hi fenners,

I agree, I wouldn't normally post that much detail, but in this case I thought that other AHT investors would make allowances and be encouraged to see the full highlights.

Thank you for drawing our attention to the results prior to publication!

ianwwwhite
25/1/2018
11:50
Those URI 4th quarter results are very good.
I do not remember seeing utilisation of 70% before and rental rates increasing as well.

fenners66
25/1/2018
11:07
Re impact of dollar rate fluctuations on AHT, this from notes accompanying 'nine months and third quarter results Jan 2017, page 25'
_______________________________________________
Fluctuations in the value of the US dollar with respect to the pound sterling have had, and may continue to have, a significant impact on our financial condition and results of operations as reported in pounds due to the majority of our assets, liabilities, revenues and costs being denominated in US dollars.

The Group has arranged its financing such that, at 31 January 2017, 84% of its debt was denominated in US (and Canadian) dollars so that there is a natural partial offset between its dollar denominated net assets and earnings and its dollar-denominated debt and interest expense.

At 31 January 2017, dollar-denominated debt represented approximately 57% of the value of dollar denominated net assets (other than debt).

Based on the current currency mix of our profits and on dollar debt levels, interest and exchange rates at 31 January 2017, a 1% change in the US dollar exchange rate would impact underlying pre-tax profit by approximately £7m.


.

ianwwwhite
25/1/2018
10:32
No apologies for the length of my three previous URI posts, we could do with getting some good news out, and the read across from URI to AHT should be very encouraging.

No ramp intended!

ianwwwhite
25/1/2018
10:20
URI CEO comments on results 24/01/18
___________________________________

Michael Kneeland, chief executive officer of United Rentals, said, "We capped a year of record results with a strong fourth quarter finish on the back of broad-based demand. Pro forma volume increased nearly 9% year-over-year in the quarter, and rental rates were up 2%. For the full year, we exceeded the upper-band of guidance on total revenue, adjusted EBITDA and free cash flow, and increased our ROIC by 50 basis points year-over-year to its highest level since 2015."

Kneeland continued, "Our 2018 guidance reflects the confidence we feel in our operating environment based on what we hear from customers and see in key leading indicators. Our optimism is further supported by the tailwinds we expect from leveraging our 2017 acquisitions and our ongoing investments in people and technology, as well as the recent U.S. tax reform. Our strategy remains focused on balancing growth and returns to maximize our long-term value."

Full details at
.

ianwwwhite
25/1/2018
10:18
URI Results cont'd

Full Year Highlights 24/01/18
________________________

Rental revenue increased 15.7% year-over-year. Within rental revenue, owned equipment rental revenue increased 15.3%, reflecting an increase of 18.2% in the volume of equipment on rent, partially offset by a 0.2% decrease in rental rates.

Pro forma rental revenue increased 7.6% year-over-year, reflecting growth of 7.1% in the volume of equipment on rent and a 0.4% increase in rental rates.

Time utilization increased 160 basis points year-over-year to 69.5%. On a pro forma basis, time utilization increased 150 basis points year-over-year to 69.1%. Time utilization was a full year record for the company on both an actual and a pro forma basis.

The company’s Trench, Power and Pump specialty segment's rental revenue increased by 27.5% year-over-year, primarily on a same store basis, while the segment’s rental gross margin improved by 260 basis points to 49.6%.

The company generated $550 million of proceeds from used equipment sales at a GAAP gross margin of 40.0% and an adjusted gross margin of 54.9%, compared with $496 million of proceeds at a GAAP gross margin of 41.1% and an adjusted gross margin of 48.2% for the prior year. The year-over-year increase in adjusted gross margin primarily reflects the impact of selling NES equipment.

The company generated $2.230 billion of net cash provided by operating activities and $907 million of free cash flow5, compared with $1.953 billion and $1.182 billion, respectively, for the prior year. Net rental capital expenditures were $1.219 billion, compared with $750 million for the prior year.

The company issued $2.925 billion of debt due from 2025 through 2028. The proceeds from the debt issuances were primarily used to fund the NES and Neff acquisitions, and to redeem $1.4 billion of debt that would have been due in 2022 and 2023. The company additionally increased the sizes of its ABL and AR securitization facilities by $500 million and $150 million, respectively.
.

ianwwwhite
25/1/2018
10:17
URI announced results 24th Jan 18:

Fourth Quarter Highlights
________________________

Rental revenue3 increased 26.8% year-over-year. Within rental revenue, owned equipment rental revenue increased 26.5%, reflecting increases of 28.7% in the volume of equipment on rent and 1.1% in rental rates.

Pro forma1 rental revenue increased 11.5% year-over-year, reflecting growth of 8.8% in the volume of equipment on rent and a 2.0% increase in rental rates.

Time utilization increased 70 basis points year-over-year to 70.0%. On a pro forma basis, time utilization increased 100 basis points year-over-year.

The company’s Trench, Power and Pump specialty segment's rental revenue increased by 38.7% year-over-year, primarily on a same store basis, while the segment’s rental gross margin improved by 230 basis points to 47.5%.

The company generated $172 million of proceeds from used equipment sales at a GAAP gross margin of 39.0% and an adjusted gross margin of 57.6%, compared with $135 million of proceeds at a GAAP gross margin of 43.0% and an adjusted gross margin of 49.6% for the prior year. The year-over-year increase in adjusted gross margin primarily reflects the impact of selling NES and Neff equipment.4
.

ianwwwhite
25/1/2018
08:28
In the meantime, AHT shorts were reported to have reduced further on 18/01/18:

Fund % short change Date changed
CPMG, 0.55% -0.13% 18 Jan 2018
Total 0.55%

ianwwwhite
25/1/2018
00:28
But the vast majority of the debt is in USD. A strong pound also reduces the debt. Swings and roundabouts.
dcarn
24/1/2018
22:14
Possibly room—101 :-)

Re my post 54917 and subsequently, this evening, from brokers summary:

'In corporate news, dollar-dependent companies, led by Ashtead and BAE Systems, which have made hay from the pound's post-referendum slump as a weaker pound boosts earnings derived from overseas, saw their chickens come home to roost as the greenback took a bruising.'
.

ianwwwhite
24/1/2018
16:25
And meanwhile that little old competitor over the pond climbs ever higher.

Did I miss something?

room_101
24/1/2018
15:32
The market generally is looking a bit jaded, although an end of January downturn is consistent with the form book.

Perhaps the pound's current ascent like a cork out of a bottle may also be unsettling confidence, currently USA $1.42 to the £1, and euro €1.478 is higher than we have seen for some time.

As an aside I notice the AHT daily buyback has reduced from 110,000 to 100,000 shares for the last two days.

ianwwwhite
24/1/2018
12:45
Seems the share price got over exuberant yesterday
fenners66
19/1/2018
22:23
URI over $184 and H&E over $40
fenners66
19/1/2018
18:16
December high tested and held so far.
bracke
19/1/2018
12:00
The ML has resisted causing a retrace but so far only a small one. The expectation is that following the breakout above the December 2017 high it will want to retrace and test it ie. return to 2117.
bracke
18/1/2018
18:14
Thanks bracke.It worked on my IPad app for some reason!, oh well.DD
discodave4
18/1/2018
14:12
Good day Disc

"didn’t my link work?."
========================

Not without copying it and pasting it into the address bar.

You can click on my version and go straight to the article. You will note Https.

bracke
18/1/2018
14:07
Thanks bracke, didn't my link work?.DD
discodave4
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