Ashtead Share Discussion Threads

[disc0dave45] 09/3/2022 17:58

Nice one!.Looks like it's forming a bit of a bowl shape chart wise.

[perfido] 09/3/2022 16:39

AHT closed +335p +7.3% @ 4902….. yeeehaa!

My recent small purchase at 4699 (8th Mar) to supplement my existing
holding is looking a bit better, but we are not out of the woods yet IMHO. Volatility rules !
.

[perfido] 09/3/2022 11:43

It's an ill wind etc...

'The pound sank to its lowest against the dollar since December 2020 as investors rushed to safety
as the Ukraine conflict deepens.

The greenback is the favoured currency of the world at the moment as the Federal Reserve took a more
hawkish stance, signalling an interest rate hike in March as inflation soars in the US.'

Source:


Must be good for the AHT dollar/pound profits/dividend translation?
Unfortunately not for our economy as a whole..

[perfido] 08/3/2022 17:57

Thanks DD, we are in total accord :-)

[disc0dave45] 08/3/2022 17:54

On a PE of 16.6x with a ten year average of 15.2xAgree perfido, looking good value now (and has for a while IMO).Caterpillar also flying (up 8.6%) due to Jefferies upgrade and apparent hedge against commodity inflation.

[perfido] 08/3/2022 17:27

....intriguing, AHT was holding it's own until late this afternoon, then gave ground as the US market had opened.

In the meantime URI is currently +5%. It remains to be seen whether those pesky traders precipitated the AHT fall as they banked profits or whether AHT has still some way to go.

My small purchase today may have been a bit premature, the next few days will tell. If it falls further, I will be tempted to buy more, I am seeing real value at the present level, others may of course disagree :-)

(NAI)
.

[perfido] 08/3/2022 10:55

Bought a few @ 4699 this morning whilst listening to the AHT Q3 results webcast - part of a bit of a pound/cost averaging effort on my part, given the current volatility. (NAI)

The AHT webcast presentation is well worth a listen IMHO:

.

[disc0dave45] 08/3/2022 09:13

Looks good IMO.Consensus forecast is 245 eps for the year so around 60p for Q4. Are their expectations the same as the analysts?, slight bug bear of mine is companys that don't say what the expectations are (apologies AHT if you have said, not read all the results yet).

[perfido] 08/3/2022 07:54

Ashtead Group 3Q Pretax Profit Rose on Higher Revenue

[fenners66] 08/3/2022 07:21

it has benefitted from improved rates in what is a better rate environment than we have seen for a number of years

[fenners66] 08/3/2022 07:18

Earnings per share 66.9c 48.2c 38% 214.4c 154.9c 37%

[fenners66] 08/3/2022 07:17

"we invested $1.7bn in capital across existing locations and greenfields and $938m on 19 bolt-on acquisitions, adding a combined total of 81 locations in North America. This significant investment takes advantage of the ongoing structural growth opportunity that we continue to see in the business as we seek to deliver on our strategic priorities to grow general tool and amplify specialty, all achieved while remaining at the lower end of our target leverage range."

[fenners66] 08/3/2022 07:17

"We now expect full year results to be slightly ahead of our previous expectations and the Board looks to the future with confidence."

[disc0dave45] 07/3/2022 18:30

Thanks BukkoAll the best for tomorrow - not expecting a share price rise, but then AHT always does the unexpected:)

[perfido] 07/3/2022 10:06

AHT 3Q results announcement due tomorrow.

Given the current horrendous backdrop, it seems that it is the overall (market) systematic risk that is in play here, rather than the AHT 'single company' performance risk.

Nevertheless I imagine that AHT will continue to follow the market trend..

[bukko] 06/3/2022 16:29

Disc0
More info here: Keeping it brief as off topic...my apologies!

[disc0dave45] 04/3/2022 18:46

Good day Mrb Yep the volatility has provided opportunities today.......well let's say I think they were opportunities but we will see.There appears to be no turn here yet which is obviously disappointing, as is its alignment with Nasdaq!.Oh well, CRH are doing okay with a positive outlook for growth:HTTPS://www.cemnet.com/News/story/172322/crh-records-group-sales-of-us-31bn-in-2021.html

[bracke] 04/3/2022 18:10

Good day disc0

Yes a poor week and unfortunately Mr Putin promises more.

From a purely trading viewpoint the volatility is providing the opportunity for some superb trades.

[bracke] 04/3/2022 15:37

Good day fenners

I thought I would check which US indices AHT most closely followed during the recent fall. Calculating the difference between the high and recent low gave the following results. The second figure is calculated from the low to the high following the low.

DOW -12.9% +6%

S&P 500 -14.6% +2.3%

NASDAQ 100 -22.0% +9.8%

AHT -33.19% +16.2%

It appears that AHT most closely correlates to the NASDAQ 100. AHT fell 50% more and has gained nearly 50% more.

Whether the above is partial or complete 'tosh' we will see during the coming months.

[casket1] 04/3/2022 15:18

Could be above £55 soon...

[fenners66] 04/3/2022 13:39

Also upgraded previous months by 92,000

So what does that do for AHT ?
Says business is robust in the US
Says interest rate rises for the US more likely
US$ stronger vs £ means better conversion for £ dividends and share price
If finance charges on large plant purchases get worse perhaps more companies will rent when they need to.

Still think AHT business will be robust.

[fenners66] 04/3/2022 13:33

Non -farm payrolls + 678,000 and US$ strengthens vs £

[bracke] 04/3/2022 11:55

AHT three charts providing full perspective.

AHT DAILY




AHT WEEKLY




AHT MONTHLY