Ashtead Share Discussion Threads

[disc0dave45] 08/7/2022 13:09

Good day Mr b,I'm assuming that job numbers reducing and going below forecasts will be good news on the basis that growth is reducing, thus the FED can ease up on further interest rate changes........hopefully that's good for markets?.

[bracke] 08/7/2022 12:35

Good day disc0

I've lost the plot when it comes to the whole good news/bad news market reaction. I did understand when bad news meant low interest rates and more FED money pumping.

Now that the FED are supposedly determined to lower inflation by means of interest rate increases and discontinuation of asset purchases that must be bad news and surely a negative market reaction........maybe.

I presumed good news is when inflation drops to the 2% target and the FED ceases rate increases.

Am I being naive.

[disc0dave45] 08/7/2022 11:39

US jobs report due 13:30, I'm hoping bad news is good news!.

[bracke] 08/7/2022 10:04

A gap up on opening to clear possible resistance at the 61.8% fib (The black horizontal line at 3139). All it has to do now is hold above it.

AHT DAILY

[oldhand1] 07/7/2022 21:59

Maybe now's the time to buy.
Come the hurricane season
these might fly :-)

[bracke] 07/7/2022 18:53

?? The cut is down to £80 ??

[disc0dave45] 07/7/2022 16:12

Good day Mr b£80

[bracke] 07/7/2022 16:08

Good day disc0

What did it cut it from!

[disc0dave45] 07/7/2022 15:52

Think of a number!Bank of America cuts Ashtead Group price target to 6,500 (8,000) pence - 'buy'

[fenners66] 06/7/2022 12:03

£/$ still falling - $1.192 ....

[fenners66] 06/7/2022 00:09

Watched the BBC documentary about the 40 year old building that collapsed in Florida last year.
Shocking.
Signals there may need to be a huge amount of remedial work across the USA in future or perhaps
demolish the buildings and start again.

[disc0dave45] 05/7/2022 17:18

Not many stocks up today (only 16% going on the allshare index), so nice to see AHT is one of them.

[fenners66] 05/7/2022 12:12

GBP heading towards $1.20
Good for the translation of EPS and of course dividends....

[disc0dave45] 25/6/2022 11:31

Mr bPowder being kept dry!......."go away and sell in May, come back again on St Legers Day."

[bracke] 24/6/2022 15:21

"At some point (hopefully), the chart will look better!."
========================================================

Yes it will but maybe not a great deal better until next year or end of this year.

Given that the FED target is 2% inflation a few more rate increases are yet to come. Plus the end of QE or whatever it was by any other name.

The US Indices are having a relief rally this week following the recent weeks selling but 'normal service' is likely to be resumed before too long.

casket

It was off book through SNT and also other variations to normal trades.

[casket1] 24/6/2022 13:47

Looks like most of the trades are automatic buys & sells with very few actual "ordinary" trades......was that really a 75,000 buy at 13.34pm ?

[disc0dave45] 24/6/2022 12:29

Good day Mr bracke'That's not a nice thing to say about 'precious'.........lolHad noted that HEE, CAT and URI were all down when Wall Street was up, so looks like construction / plant taking the brunt of recessionary talk. Their 1 month charts are like AHT's but guess most stocks are the same?.At some point (hopefully), the chart will look better!.Have a good one :)

[bracke] 24/6/2022 11:26

Good day disc0

That's not a nice thing to say about 'precious'.

You will see from the chart below URI (orange squiggly line) has tracked down with AHT at much the same time and rate.

[disc0dave45] 23/6/2022 20:13

Chart looks pants!

[disc0dave45] 21/6/2022 18:35

Article in last weeks shares Mag, Ashtead the king compounder.No discussion of long-term growth compounders would be complete without a mention of international plant and equipment hire firm Ashtead (AHT). Yet due to concerns over global growth andthe possibility of a slowdown in the US new-build housing market – which only represents a fraction of Ashtead's business – the shares are down more than 40% this year.For this, investors are being asked to pay just 14 times this year's earnings and 11.7 times next year's. Recent full-year results (14 June) revealed record performance with revenue up 18% to $7.96 billion and pre-tax profit up 35% to $1.67 billion. The company was able to invest $2.4 billion in the business and $1.3 billion in bite- sized acquisitions to help lay the groundwork for future growth while also buying back $414 million worth of shares and paying out $269.3 million in dividends. According to analysts at Bank of America, evenafter spending on new equipment to support future rental growth the firm will still generate enough free cash flow to increase dividends by more than 10% and buy back between $600 million and $700 million worth of shares every year. [IC]

[bracke] 21/6/2022 14:58

Gap at 3362 filled.

As I type AHT -1.09% URI +3.06% Maybe they will even up by end of day.

[disc0dave45] 21/6/2022 12:21

Liberum: Market underestimating AshteadAshtead (AHT) shares have tumbled but the market could be overestimating the impact of an economic downturn on the equipment rental group, says Liberum.Analyst Charlie Campbell retained his 'hold' recommendation and reduced the target price from £44 to £38 on the stock, which closed down 3.1% at £34.04 on Monday. 'Ashtead's shares are down 45% from 2021 highs as they have de-rated from 28x to 12x price/earnings ratio,' he said.'The market appears to be overestimating the severity of a potential downturn, overlooking fundamental shifts...'Campbell said its US market is 'much more consolidated now than in 2021 and rental penetration is higher'. He also finds 'little evidence of overheating in the US non-residential construction'.'Cashflows are much stronger now than a decade ago and leverage unchallenging,' he said. 'Upside is now easier to see, but we stay at "hold" as the market could still overshoot on valuation.'Their tp is a current PE of only 15x, but based on current consensus forecasts is only a forward PE of 11x......go figure. Think they are too low on both counts but guess as a holder I would!.

[casket1] 21/6/2022 09:27

Wow, don't blind me with all your science & calculations to support your excellent detailed analysis of your revised price.....