Ashtead Share Discussion Threads

[discodave4] 21/6/2019 09:32

Wouldn't say no.

[smcni1968] 21/6/2019 01:33

Target price £30 assuming the US economy doesn't fall into recession

[fenners66] 20/6/2019 22:00

You can take a profit that rises by a lower % if it means a higher cash increase in profits - starting from a higher base.

[ianwwwhite] 20/6/2019 21:02

Hi DD,

'Solid/good', 'stonking' or 'nothing special'?

Personally, I'm inclined to agree with the market view :-)

Definitely still an LTH for me..

[discodave4] 20/6/2019 19:55

Hi Ian,Must admit I only thought the results were solid/good but the bar has been set high in AHT's case, percentage growth for revenue and pre tax profit was lower than the preceding year (EBITDA growth was the same and eps was up on last year). Clearly though in these volatile times the market appears to have taken them as "stonking" results :)

[ianwwwhite] 20/6/2019 17:24

Re bracke (18/06/19)
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Price action suggests the market thinks the results are ok but nothing special. Buyers have taken the share price above 2000 as expected but can they keep it there?
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I beg to differ!! Plus 179p (+9%) since eve (17/06/19) of stonking set of results by my calculations - happy days.. :-)
.

[discodave4] 20/6/2019 09:09

There's talk of up to 0.5% cuts with one next month, guess it's all down to what the Tango man does/says.Wonder when the buyback starts?£462m last FY, now increased to £500m.

[bracke] 19/6/2019 10:06

A very well mannered rise yesterday. Gapped up on opening but dropped back to fill the gap before take off giving an opportunity to buy at the lower level.

Repeated again to-day to move above 2100 but will it hold if the FED do not drop the rate?

[fenners66] 18/6/2019 22:03

Note the £ has fallen against the US $ again too

[fenners66] 18/6/2019 22:01

"Industrials also outperformed. Equipment-maker Caterpillar, whose shares are often seen as a bellwether for the global economy, rose 2.4%."

Part of today's US rise commentary

[ianwwwhite] 18/6/2019 21:38

Hi DD,

Entirely agree. Time to move on, methinks..

Edit: just seen your figures, most encouraging thanks

[discodave4] 18/6/2019 21:26

For info, may be useful may be not, the FTSE100 medians for the following metrics are as follows:PE 13.6, Div Yield 4.2% and EPS Growth 9.2%By comparison AHT is:PE 11.9, Div Yield 1.9% and EPS Growth 33% - bargain IMO.

[discodave4] 18/6/2019 21:06

Hi Ian,Was tongue in cheek and fundamentally I agree, if the buyback is not to your liking to the point of putting you off from investing then fine, personally I have no problem with it. Yes wouldn't say no to a larger dividend but invested here for capital growth not income.

[ianwwwhite] 18/6/2019 19:59

DD,

With respect I disagree. Why is it necessary to tiptoe around the sensitivities of the anti-buyback brigade?

The company's position is quite clear, it's going to buy back at least another GBP500m of shares in 2019/2020 not withstanding the views expressed here, and Barclays mandate to buy has just been renewed.

If the anti buyback postings become irksome, I for one am happy to use the filter button, I've heard it all before.

Shareholders need to ask themselves whether this is the right share to be in if they fundamentally disagree with the company's stated policies and intentions, reiterated today.

However the opportunity cost of standing on your principles could be expensive, and there is a saying which I would commend - 'worry about what you can change ...'

[discodave4] 18/6/2019 19:16

Sssshh don't mention the BB, touchy subject on here! :)

[hatfullofsky] 18/6/2019 19:00

Great results but mostly expected (the market is a fickle monster) and a great rise.

I am keeping my eye on the debt, personally I would much prefer some of that to be paid down rather than another(what may become an expensive) buy back.

[discodave4] 18/6/2019 18:23

Peel Hunt Buy tp 2500Bit conservative IMO

[ianwwwhite] 18/6/2019 18:08

From a brokers market summary:
"In individual company news, equipment rental firm Ashtead rallied to the top of the FTSE 100 as it posted a 20% jump in full-year pre-tax profit, thanks in part to a strong performance in North America."

FTSE 100 - Risers

Ashtead Group (AHT) 2,081.00p 6.09%
Antofagasta (ANTO) 900.80p 4.74%
Smith (DS) (SMDS) 345.20p 3.91%
Tesco (TSCO) 235.50p 3.74%
Glencore (GLEN) 278.00p 2.96%
Standard Chartered (STAN) 709.60p 2.96%
Schroders (SDR) 3,036.00p 2.95%
Pearson (PSON) 830.00p 2.70%
Anglo American (AAL) 2,166.50p 2.68%
NMC Health (NMC) 2,381.00p 2.67%

It seems the results were well received, a perfect end to a perfect Ashtead day!

[ianwwwhite] 18/6/2019 17:42

Good afternoon bracke,

Yes, I was trying to be subtle as so many aliens seem to be visiting the thread!

Glad to know you kept your powder dry, on, to my mind, an extraordinary day.

AHT certainly didn't follow the form book we have so often seen on results day, early rise and subsequent fall-off. Volume of <> 2.9mil was impressive as well.

Interested to see how the contextual issues play out and impact the market as a whole, so interesting times..

[discodave4] 18/6/2019 17:22

Memo to oneself: AHT never does what you think so do the opposite!.Oh well, cash from sale yesterday will go into ISA and then what to buy?, mmm.

[bracke] 18/6/2019 16:48

Closed well above 2000 and looking to take 2100. Will the FED assist tomorrow.

[bracke] 18/6/2019 15:42

Good day ian

"Just wondering how EG's short is going, 100p+, he must have got one on?"
===========================================================================

If the above refers to me no need to wonder. I have no short.

The market is in full flow to the upside with the Mr Draghi suggesting more stimulus, the prospect of FED rate cut and Mr Trump meeting Mr Xi hopefully to reach tariff agreement.

Interesting to note Mr Trump's ire at Euro/Dollar fall which he says benefits EU trade to the detriment of US trade.......time to increase tariffs on those pesky Europeans.

[ianwwwhite] 18/6/2019 15:08

..... Just wondering how EG's short is going, 100p+, he must have got one on?

URI UP 4.8% presently too!

[ianwwwhite] 18/6/2019 14:34

Thanks glawslain, an interesting read.

AHT results also attracted favourable mention on the Ian King section of the lunchtime Sky News broadcast. (He interviewed Geoff Drabble not so long ago).