Ashtead Share Discussion Threads

[disc0dave45] 27/4/2023 10:23

URI Earnings miss and the usual overreaction.Https://uk.finance.yahoo.com/news/united-rentals-uri-misses-q1-220510239.html

[fenners66] 27/4/2023 08:20

What have the markets seen in the URI update to upset them?

[fenners66] 26/4/2023 22:57

"The decrease in net income margin primarily reflects the impact of the Ahern Rentals acquisition on both rental and used equipment gross margins, and higher interest expense,"
"Interest expense increased $56 million, or 59.6%, primarily due to increased average debt related to the funding of the Ahern Rentals acquisition, and higher variable debt interest rates"

Return on invested capital (ROIC)9 increased 220 basis points year-over-year, and 40 basis points sequentially, to a record 13.1% for the 12 months ended March 31, 2023. The year-over-year and sequential improvements primarily reflect increased after-tax operating income.

[disc0dave45] 26/4/2023 22:21

URI Record Q1 and reaffirms guidance for FY23.But the share price down 6.8%

[fenners66] 26/4/2023 22:16

URI
"On a pro forma basis, including the pre-acquisition results of Ahern Rentals, first quarter rental revenue increased 16.6% year-over-year, supported by a 12.2% increase in average OEC and a 5.9% increase in fleet productivity"

[perfido] 26/4/2023 17:05

URI Q1 earnings press release due later today, looks like AHT is expecting good news?

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
United Rentals, Inc. (NYSE: URI) will hold its first quarter 2023 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, April 27, 2023 at 11:00 a.m. Eastern Time.
The company’s first quarter 2023 press release will be issued and available at unitedrentals.com after the market close on Wednesday, April 26, 2023.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
.

[disc0dave45] 21/4/2023 16:40

Good day Mr b"My apologies. I meant the current US results not AHT."Oh"Your faith in Mr P is touching."Meant one way or another he can make the markets / AHT move......have little faith in any of the so called experts!.

[bracke] 19/4/2023 17:49

disc0

My apologies. I meant the current US results not AHT.

Your faith in Mr P is touching.

I was looking at a chart a couple of days ago showing US government debt from 1970 to date. One has to think at what point does it all come to an end and what will cause it to do so.

[disc0dave45] 19/4/2023 16:20

Good day Mr b"The market is in 'wait and see mode' until company results are declared."That's about 2 months away, do hope it decides which way to go before then.....I'm sure Mr P will sort it in a few weeks :)

[bracke] 19/4/2023 14:04

Good day disc0


It just about managed to cross on Monday and made a half-hearted attempt on Tuesday to move up but lack of support resulted in a cross back down. Today following a drop on opening it has returned to yesterdays close.

The market is in 'wait and see mode' until company results are declared.

[disc0dave45] 18/4/2023 19:08

Good evening Mr b"To cross, or not to cross? That is the question."Take care, apply the green cross code but most importantly mind those gaps.

[bracke] 18/4/2023 12:22

Good day fenners

There are several types of moving averages:

Simple.
Weighted.
Exponential.
Double Exponential.

The exponential gives more weight to the more recent days whether they be low volume swing days or not but their influence reduces faster than with the simple moving average.

Depending on your method of trading you may opt for the exponential it's a matter of choice.

The SMA 200 day average is used as a key indicator for assessing longer term prospects.

[fenners66] 17/4/2023 23:08

Hi bracke
looking at the chart you supplied - that's using the Simple moving average ?
Why not the weighted moving average ?
I would have thought that carries more .... weight ..as its not going to be skewed by low volume swing days ?

[bracke] 17/4/2023 14:20

To cross, or not to cross? That is the question.

AHT DAILY

[disc0dave45] 13/4/2023 18:17

TaAgree :)

[disc0dave45] 13/4/2023 16:03

Good afternoon Mr bMy sincere apologies, you clearly had no intention in starting the same old same old debate.....tbh I'm bored of it.Have a good one.

[bracke] 13/4/2023 15:46

Good day disco

"Ps think you knew your post will re-start the usual debate, you little tinker :)"
==================================================================================

Absolutely not!!! We've debated the issue to a standstill. I have no wish to resurrect it.

I hesitated before posting the link because of the past debate but thought it was interesting enough to do so.

[fenners66] 13/4/2023 14:41

The point made was outside of EPS - like how are the businesses doing ?
More sales ?
More profit ?
More cash generated ?
Less debt?
Less interest cost and less to come in the future?

Nope none of the above
merely borrowing a fortune to buy shares to technically adjust EPS and blow the consequences.

[disc0dave45] 13/4/2023 13:28

Good day Mr bInteresting point of view and wouldn't disagree with what he says.....BUT how about the beneficial impact on earnings (eps)?, and subsequent increase in share price at like for like ratings, he seems not to have mentioned that. For the four companies their eps ($) were as follows, which if he says the businesses had "stagnated" is not correct from an eps perspective (well apart from Boeing and I guess the impact of Covid):MCD 2016 5.58, 2018 7.98, 2022 8.42CAT 2016 0.12, 2018 10.4, 2022 12.6BA2016 7.75, 2018 18.1, 2022 8.29MMM2016 8.36, 2018 9.11, 2022 10.2

[bracke] 13/4/2023 12:47

Given previous discussions on share buybacks I thought this an interesting article.

NO I do not want to open the buyback discussion again and NO I am not suggesting AHT are doing the same. It's purely for interest and shows the manner Directors fill their own pockets at the expense of their shareholders who fail to sell in time.

[disc0dave45] 12/4/2023 14:36

Good day Mr bYeah most of the media I've read are saying the same, up 0.25% and possibly a rise in June.FOMC minutes this evening may confirm or not.

[bracke] 12/4/2023 14:28

Good day disc0

It's going the right way but from what I read the FED still expected to increase by 0.25%.

[disc0dave45] 12/4/2023 13:36

US CPI for March lower than forecast, 5% yoy vs 5.2% expected.