Ashtead Share Discussion Threads

[discodave4] 01/5/2019 20:01

"Yes I know but I couldn't let it go without a mention."You could have! :)Thanks for article....we will see as ever.

[bracke] 01/5/2019 13:56

Good day Disco

"Sssshhhh don’t mention that again!"
=====================================

Yes I know but I couldn't let it go without a mention.

[discodave4] 01/5/2019 12:48

Thanks bracke.Sssshhhh don't mention that again!

[bracke] 01/5/2019 10:53

I have updated the chart at 56731.

Yesterday's above average volume took the share price down to the bottom of the bull flag which coincided with a previous strong resistance zone, it is hoped that it proves as strong a support. A close below the support zone would be unfortunate.

Yes Mr Drabble has done an excellent job............apart from the buybacks.

[discodave4] 01/5/2019 08:33

Yes, many thanks Mr Drabble.

[ianwwwhite] 01/5/2019 08:25

Amongst the directorate changes in today's RNS 'Ashtead confirms that Brendan Horgan has today succeeded Geoff Drabble as Chief Executive. Geoff has stepped down from the Board and will retire from the Group on 30 November 2019.'

I'm sure many posters here past and present will agree that Geoff has done an amazing job, and wish him well in his retirement. Thanks Geoff!
.

[discodave4] 30/4/2019 22:39

Trump trying to get the FED to reduce interest rates.

[smcni1968] 30/4/2019 21:13

$2tn infrastructure spend in the US... we can but dream

[discodave4] 30/4/2019 18:59

Don't know!

[bracke] 30/4/2019 11:56

Is the latest price action a bull flag or does it flatter to deceive?

AHT DAILY

[discodave4] 28/4/2019 16:46

Thanks fenners, numbers do look good.

[fenners66] 25/4/2019 18:20

H&E Equipment Services Reports First Quarter 2019 Results

Revenues increased 20.4% to $313.6 million versus $260.5 million a year ago.
Net income was $14.2 million in the first quarter compared to net income of $9.5 million a year ago.
The effective income tax rate was 26.4% in the first quarter of 2019 and 27.5% in the first quarter of 2018.
Adjusted EBITDA increased 24.7% to $100.9 million in the first quarter compared to $80.9 million a year ago, yielding a margin of 32.2% of revenues compared to 31.1% a year ago.

Gross margin was 36.3% compared to 35.5% a year ago. The increase in gross margin was largely the result of the improvement in rental and used equipment sales gross margins.

Total equipment rental gross margins were 44.3% in the first quarter of 2019 compared to 43.2% a year ago (as adjusted).(1) Rental gross margins (as previously reported) were 48.7% in the first quarter of 2019 compared to 47.6% last year.(1)
Average time utilization (based on original equipment cost) was 70.0% compared to 70.4% a year ago. The size of the Company’s rental fleet based on original acquisition cost increased 23.4% from a year ago, to $1.9 billion.
Average rental rates increased 2.3% compared to a year ago and 0.3% sequentially.
Dollar utilization was 35.2% in the first quarter compared to 34.7% a year ago.
Average rental fleet age at March 31, 2019, was 35.2 months compared to an industry average age of 46.5 months.




On the face of those headline numbers the results look pretty good.

Share price up 2.21%

[discodave4] 24/4/2019 21:39

CAT now down 3% but URI still up.Have my eye on ROL (Rollins Inc) whose Q1 missed estimates and is down 10%, rock solid growth business, everyone needs pest control in the US!.Sorry for off topic.

[discodave4] 24/4/2019 18:56

Hi Ian,Yep not all bad news.

[ianwwwhite] 24/4/2019 18:48

Hi DD,

CAT currently down -2.3% @ 138
But URI currently up +1% at 139.74

So not all bad news then...

Note: 'In the U.S. and Canada, Caterpillar's largest market, sales rose 7%.
"That reflects the strong construction activity, as state and local infrastructure builds are still going up," said Andrew Bonfield, Caterpillar's financial chief, in an interview. "North America seems to be going very well."

[discodave4] 24/4/2019 18:44

CAT down 2.4% as I type.Better than expected earnings but weak China economy - guess the latter is the reason for drop?.

[ianwwwhite] 24/4/2019 18:42

Caterpillar Gains on Mining, Construction Strength -- 3rd Update

Caterpillar Inc. beat revenue expectations for the first quarter, thanks to higher demand for its mining and construction equipment.

The machinery giant's improved sales suggest that at least some corners of the global economy may be stabilizing after signs of slower growth earlier this year. Investors had been concerned in recent quarters about demand, particularly in China, as well as higher costs.

"The market's strong," Chief Executive Jim Umpleby said on a call with analysts, referring to Caterpillar's mining business. "We're ramping up production."
Despite the revenue gains, Caterpillar's shares fell more than 2% Wednesday as the company's costs continued to rise.

The company paid more for labor and freight in the quarter, as well as some raw material in part due to U.S. tariffs on imported steel and aluminum. Caterpillar had $70 million in costs related to tariffs in the quarter, compared with $110 million for all of last year following the implementation of those tariffs last March.

Caterpillar has raised prices to offset those costs. It said prices were up just over 2 percentage points overall in the quarter from a year ago. Higher prices and volumes added $557 million to operating profit in the quarter, offsetting $375 million in higher manufacturing costs. Profit margins fell in its construction business because the increased material, labor and freight costs weren't covered by higher prices.

Deerfield, Ill.-based Caterpillar on Wednesday reported sales, including revenue from financial products, of $13.47 billion for the quarter, up 5% from last year and more than the $13.27 billion analysts predicted, according to FactSet.
Revenue from its mining business rose 18% in the first quarter, while construction sales were up 3%. Energy and transportation-equipment sales were flat.

In the U.S. and Canada, Caterpillar's largest market, sales rose 7%.
"That reflects the strong construction activity, as state and local infrastructure builds are still going up," said Andrew Bonfield, Caterpillar's financial chief, in an interview. "North America seems to be going very well."

Extract, for full article see: target='window'>hTTps://uk.advfn.com/stock-market/NYSE/CAT/share-news/Caterpillar-Gains-on-Mining-Construction-Strength/79757808

[fenners66] 24/4/2019 12:33

CAT up 2% pre market

[discodave4] 23/4/2019 20:06

CAT Q1 tomorrow.

[discodave4] 19/4/2019 12:10

2flatWith regards to your posting a couple of days ago about the share price rising from Match to June, is that just down to Q3 results generating positivity for Q4/Finals in June? - sorry May have been your point anyway but I'm a bit slow on the uptake lately!.Have a great Easter

[discodave4] 18/4/2019 19:05

ps URI up just over 8% as I type. Just saying :)

[discodave4] 18/4/2019 19:01

Hi bracke "My major error was failing to buy more at 1607! It still irks me."Same here.Have a good Easter break chaps.

[ianwwwhite] 18/4/2019 17:26

On that note, it's time to draw stumps, and wish all our fellow posters a Happy Easter.

Play will no doubt be resumed next week :-)

[bracke] 18/4/2019 17:07

Mater just lets me get on with it.