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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
  +19.00p +0.85% 2,253.00p 2,252.00p 2,253.00p 2,274.00p 2,224.00p 2,224.00p 707,499 13:33:45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 4,499.6 1,059.5 166.1 13.6 -

Ashtead Share Discussion Threads

Showing 56776 to 56798 of 57300 messages
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DateSubjectAuthorDiscuss
14/2/2019
18:06
Riley I would urge caution on what you may read on the internet, I have just been reading 'Technical Analysis is Fundamentally Flawed' hTTps://www.forbes.com/sites/investor/2014/07/14/technical-analysis-is-fundamentally-flawed/#72b8b5474fb2 It seems you can find 'good or bad' for most investment subjects :-)
ianwwwhite
14/2/2019
17:56
The pros and cons of share buybacks was not the question.The question was why did the directors of two plant hire companies decide to buyback their shares. .
riley109
14/2/2019
16:43
"Why would they do that and why would Ashtead do the same ?." ============================================================== Riley I suggest you enter 'share buybacks good or bad' into google for your answer.
bracke
14/2/2019
13:58
Disco The point I was making was that if buybacks were used to drive the share price to the high it did not do much of a job to keep it there. If buybacks were NOT used to drive the share price to the high it illustrates that company performance is the driving force not attempting to manipulate the share price with company cash. We are never going to agree on the subject of buybacks but maybe those who are undecided will at least gain an understanding of the factors involved.
bracke
14/2/2019
13:50
Hi bracke"why did it then drop to £16.00?"Trump, US/China tariffs, Brexit, etc etc.IMO trying to align share price movement to just a small part of the overall business strategy and ignoring everything else (both macro and micro influencers) is pointless. My original "yes" to you question of did the BB raise the share price to £24.61 was tongue in cheek - for the 52w high and 52w low there is no single reason for the perceived value of the company, or are you saying there is? (don't mean supply/demand but what drives demand). Prove the buyback didn't drive the share price to £24.61 or that it was the reason for £16!. Personally don't give a monkeys what the BB has or hadn't done to the sp, it's the company's strategy and we either accept it or sell up and move on. I have no strong views for or against but have accepted it and with that accept the material benefits that will result rather than focussing on what might have been.DD
discodave4
14/2/2019
13:10
Good day ian "Therefore in what way does the buyback scheme impact your very limited ambitions for AHT? It's not going to change no matter how many times you post the same stuff" ====================================================================================== I am opposed to buyback schemes in general they are not the best use of company money. Plus the dividend payment Mater received could have been improved by use of the buyback cash. I did not "post the same stuff". I responded to the post by dcarn in which he stated that the cash used in buybacks had reached £500 million. I simply put that into perspective by expressing it in cash per share which I had not done so before. Before Christmas you stated that you were not going to continue posting about the buybacks so why are you? Good day Disco If share buybacks did indeed take the share price to £24.61 why did it then drop to £16.00? I'm sure you will agree that is a considerable reduction and must surely put a ? over the buyback strategy.
bracke
14/2/2019
06:50
DD Agreed! .
ianwwwhite
13/2/2019
22:55
Thanks IanNo more B word!
discodave4
13/2/2019
21:51
I reiterate.....Did share buybacks take the share price to £24.61 in September 2018?Yes :)
discodave4
13/2/2019
17:52
Bracke 'I may sell at breakeven but would obviously prefer a profit' ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Therefore in what way does the buyback scheme impact your very limited ambitions for AHT? It's not going to change no matter how many times you post the same stuff From Q2 results ending 31/10/18 : Completed £425m of original buyback programme, with a total of £675m anticipated to be spent under December 2017 programme. Minimum of £500m to be spent on buybacks in 2019/20
ianwwwhite
13/2/2019
17:30
Good day ian You have asked me the same question previously. I will give you the same answer I gave previously. I bought on the expectations (not great, merely reasonable) of an imminent rise providing a reasonable profit in a short interval. It didn't. I may sell at breakeven but would obviously prefer a profit. I will monitor the situation. I reiterate.....Did share buybacks take the share price to £24.61 in September 2018?
bracke
13/2/2019
17:17
bracke, As a matter of interest, were you aware that Ashtead was executing a share buyback plan when you bought AHT shares for 'Mater' in October? If so, how on earth did you overcome your reservations?
ianwwwhite
13/2/2019
17:13
Hello, it's groundhog day here again I see... Well done DD, great post! .
ianwwwhite
13/2/2019
13:54
Did share buybacks take the share price to £24.61 in September 2018?
bracke
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:)
discodave4
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.
fenners66
13/2/2019
10:15
£500M/475M shares in issue = £1.05 per share. Mater wants her share in cash not buybacks.
bracke
13/2/2019
08:12
DD - No offence taken. Best regards.
broadwood
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.
dcarn
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
discodave4
12/2/2019
14:15
Today's gap filled bar 1p. Next is 1928.5.
bracke
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