Ashtead Share Discussion Threads

[discodave4] 06/5/2019 00:18

Tango man has been tweeting about Chinese tariffs sending markets down out of hours.Looks like it could be a volatile week......good job bank holiday tomorrow.

[fenners66] 03/5/2019 20:32

And URI has surged back towards $141

[discodave4] 03/5/2019 19:09

Decent rise across the pond on the back of employment numbers.

[discodave4] 03/5/2019 18:44

Thanks bracke.First time it's closed up this week.

[bracke] 03/5/2019 18:01

It did but barely. Not confident it will continue to do so.

[discodave4] 02/5/2019 22:03

"Will it klingon?"Hope so Spock!

[bracke] 02/5/2019 11:06

Good day Disco

"You could have! :)"
=======================

Yes I could but it would have niggled me.


AHT DAILY

Will it klingon?

[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."