Ashtead Share Discussion Threads

[dodge meister] 14/6/2022 09:35

Fenner, not sure what you are complaining about, there are costs to redeem the bonds but a significant fall in interest payments going forward...das ist good

[fenners66] 14/6/2022 09:13

"The costs associated with the redemption of the $600m 4.125% senior notes and the $600m 5.25% senior notes in August 2021 have been classified as exceptional items. The write-off of deferred financing costs consisted of the unamortised balance of the costs relating to the notes. In addition, an early redemption fee of $36m was paid to redeem the notes prior to their scheduled maturity. Of these items, total cash costs were $36m."
Deferred finance costs were $11.1m

So $47.1m

Quelle surprise... !

Almost every year and they still call it exceptional !

[disc0dave45] 14/6/2022 08:01

Looks decent numbers to me, eps slightly higher than I thought at 252p (I had 250p). A PE of 15x with 40% growth in earnings, significantly undervalued IMO. Lets see what the market thinks.

[fenners66] 14/6/2022 07:21

Very nice to see the dividend hike . esp in GBP
Not so good to see debt up , including (likely expensive) buybacks

[perfido] 13/6/2022 22:00

Thanks disc0 but I fear the odds are against us in the short term:

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Dow Jones plummets nearly 900 points in just two hours
Wall Street entered a bear market on Monday as the S&P 500 sank 3.9%, bringing it more than 20% below the record high it set in January - while Dow Jones plummets 900 points amid fears US will spiral into recession.

Fears about a fragile economy and stubbornly high inflation have slammed the stock market in recent days and sent Treasury yields surging to their highest levels in years.

A report last week that inflation was getting worse, not better as many had hoped, sent a chill through markets that carried over into this week. Investors expect the Federal Reserve will get more aggressive to get inflation under control, even if it risks a recession.

Dow Jones has plummeted nearly 900 points in just two hours while S&P 500 enters bear market territory amid fears that aggressive interest rate hikes could spiral economy into recession.

Wall Street continued to tumble even more on Monday, sending the S&P 500 down more than 20% from its record, amid fears that a recession is more likely given how unshakeable inflation has become.

The S&P 500 dropped 3.9% in the first chance for investors to trade after getting the weekend to reflect on the stunning news that inflation is getting worse, not better.

The Dow Jones Industrial Average was down 741 points, or 2.4%, at 30,651 as of 3:05 p.m. Eastern time, and the Nasdaq composite was 4% lower.

(Continues:
www.dailymail.co.uk/news/article-10911801/)
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[disc0dave45] 13/6/2022 20:05

Good luck holders for tomorrow.

[trt] 13/6/2022 09:33

Could see £35 and below if this selling carries on all week. If results aren't great this fall will be accelerated towards the end of the week.

[fenners66] 13/6/2022 07:26

$/£ down to $122.8
Unfortunately with the figures due this week to be reported in US$ the translation is not going to show directly in the results
However should they hike the dividend significantly...

[perfido] 10/6/2022 18:34

One imagines that results on 14th next week should have provided some support, but todays US CPI has dampened sentiment, looks like we are swimming against the tide at present…

Edit: we are not alone, URI currently -5.2% at 282.75 doh!! (19.18)

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[perfido] 10/6/2022 14:17

The consumer price index in the US hit 291.5 points bringing the annual inflation rate to 8.6% in May of 2022, the highest since December of 1981 and compared to market forecasts of 8.3%.

Energy prices rose 34.6%, the most since September of 2005 and food costs surged 10.1%, the first increase of 10 percent or more since the period ending March 1981.

Core inflation, however, slowed for a second month to 6%, compared to expectations of 5.9%. Compared to the previous month, consumer prices jumped 1%, much higher than forecasts of 0.7%, amid a broad-based increase in cost, although the indexes for shelter, gasoline, and food made the largest contributions source: U.S. Bureau of Labor Statistics

Bulletin source:

[disc0dave45] 10/6/2022 11:18

US CPI at 1:30pm, forecast 8.3%

[bracke] 10/6/2022 11:10

I presume the share price is currently up slightly on the expectation of the qtr 4 results announcement on 14th. It's certainly not on the basis of the US markets which have dropped considerably.

[oldhand1] 09/6/2022 08:06

Just a strange glitch.
It was showing up on Market Watch as well last night but is back to normal this morning.

[fenners66] 08/6/2022 23:43

I see that on Yahoo finance , not found any reasoning either , but did check H&E and they are unmoved

[oldhand1] 08/6/2022 23:18

URI is shown as being up 14.65% after hours.
I can't find any reason for the increase in SP

[perfido] 08/6/2022 10:01

Thanks disc0,

It may take some time before my recent purchases show a profit, but I'm in it for the long haul, and the way I see it, each price fall is an opportunity to increase my holding at a discount... :-)
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[perfido] 07/6/2022 08:34

Restarted my pound cost averaging plan this morning with the purchase of just a few shares at 4185.22 to add to my core AHT holding

(NAI 😊)
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[bracke] 06/6/2022 14:47

Very similar but the AHT percent increase was not as great.

From the close on 1-6-22 the AHT initial opening today was + 9.52%.

The AT. percent increase was 16.75%.

[disc0dave45] 06/6/2022 13:36

Does the AT one minute match AHT?

[bracke] 06/6/2022 13:31

Ashtead Technology (AT.) DAILY CHART

[bracke] 06/6/2022 13:26

Good day disc0

Yes you are probably correct. I think I read that Ashtead Technology 'grew' out of AHT but is now a totally separate company.

[disc0dave45] 06/6/2022 13:15

Good day Mr brackeI'm wondering if it's because Ashtead Technology issued some very good numbers first thing this morning (sp +10%) and folks still think it's a subsidiary of AHT, or it is AHT?.