Ashtead Share Discussion Threads

[discodave4] 13/2/2019 13:36

Additional 5% growth in eps. Year end circa 46% (PEG only 0.4) eps growth which is then on a par with 2014 when this was on a PE rating of about 18.......raising target price by 20%. Beats £1.05p / share any day of the week IMO:)

[fenners66] 13/2/2019 10:36

Precisely - I could be spending some of that £1.05 a share on sparkling water right now instead of watching the share price go up and down like it has had zero effect.

[bracke] 13/2/2019 10:15

£500M/475M shares in issue = £1.05 per share.

Mater wants her share in cash not buybacks.

[broadwood] 13/2/2019 08:12

DD - No offence taken.

Best regards.

[dcarn] 12/2/2019 22:13

I was just updating my spreadsheet and for those that love the buybacks we reached the milestone of £500M spent on 6th Feb.

[discodave4] 12/2/2019 20:43

broadwoodMay owe you an apology, my post wasn't intended to come across as it may have done and didn't mean to shout!, sorry.

[discodave4] 12/2/2019 20:18

Sharecast news today:Analysts at JPMorgan Cazenove reiterated their 'overweight' rating on equipment rental company Ashtead on Tuesday due to its "undervalued and under-appreciated cash story". JPMorgan said the debate on Ashtead seemed to largely revolve around the "right multiple" for the stock at its current point of the cycle. However, the investment bank noted the "right multiple" debate typically only looked at earnings. The US bank cited the sustainability of Ashtead's positive free cash flow despite increasing investment in the business and its potential to generate roughly £1bn worth of free cash in a downturn as key reasons for the rating. Ashtead's "aggressive investment" in the equipment field ahead of the cycle was also highlighted by JPM as having created a situation where incremental capital expenditure requirements and growth rates were "better aligned". JPM stated this meant incremental capex was no longer offsetting Ashtead's positive EBITDA development, creating "sustainable positive free cash flow" as a result. "We believe the flexibility and cash generating capability of the business should be taken into account when assessing through-cycle valuation and provides more protection for the shares in the event of markets slowing," said JPM. JPM felt there was also "upside" to its target price of 2,300p.

[discodave4] 12/2/2019 19:17

Hi Ian,You may have spoken too soon earlier!.But sure bracke said a pint to all LTH's each time this hits £20.Somebody keeping a tally!.Cheers bracke

[bracke] 12/2/2019 14:15

Today's gap filled bar 1p.

Next is 1928.5.

[bracke] 12/2/2019 13:35

Good day fenners

Maybe they have to compensate him because it's in his contract but they can then sue him for gross misconduct?

[fenners66] 12/2/2019 13:19

How does Nissan take an $83m hit for the compensation for chairman Carlos Goeen (or however you spell it) ? !!

He's been arrested - he must be accused of at least gross misconduct ?

So why is there any compensation provision or otherwise ?

Just suggests that the corporate trough has gone mad !

Arrested for having a snout in it and rewarded with more ?

[ianwwwhite] 12/2/2019 10:51

Roll on £24 then! :-)

[bracke] 12/2/2019 10:33

It's £24 we're waiting for.

and another opening gap.

[fenners66] 12/2/2019 10:17

sparkling water please

[ianwwwhite] 12/2/2019 10:16

Kerrrrching!

DD hits the 2000 jackpot again.

I can't remember, was it pints all round for the AHT crowd bracke, each time AHT 'rang the bell'?

[discodave4] 11/2/2019 16:46

.....and reducing ASHTEADS debt!.

[broadwood] 11/2/2019 14:35

Very interesting to read the strategic review on the website. It illustrates the need to adapt and how the company is successfully doing so.

'Overall, our end markets remain good and we continue to execute effectively on our 2021 plans. This means we continue to expect a number of years of double-digit compound growth and strong cash generation. We expect to open another c.60 new locations next year and are excited by the opportunities that lie ahead'.

Most will already be familiar with the strategy - and be very comfortable to hold.

I suppose perversely, should there be an orderly Brexit the £ will sharply gain hitting Ashford's earnings but we can't have it always.

[bracke] 10/2/2019 10:54

You should be so lucky!

[discodave4] 10/2/2019 10:47

Thanks bracke.Do I get a pint every time it hits £20?Have a good day.

[bracke] 08/2/2019 18:18

Good day uppompeii

"Dont you wish you'd sold at breakeven?"
======================================

Not yet but if it fills the next gap....yes. However if next week the US reaches a tariff agreement with China a rise would seem probable. Mr Trump to the rescue.

[ianwwwhite] 08/2/2019 17:55

bracke, thanks for your views. Have a good weekend

IW

[bracke] 08/2/2019 15:11

GAP at 1934 filled. Next is 1870 but I'm not sure it will go for it. 1915 would not surprise me.

I am not expecting the gaps in the 1700s' to fill unless there is a market wide sell off.

[ianwwwhite] 07/2/2019 18:13

bracke

Your latest post and my editing of 56465 seem to have crossed in the ether - if we dip to 1700 and hang on till the new tax year I would certainly be a buyer at that level - it would be rude not to :-)