Ashtead Share Discussion Threads

[perfido] 11/12/2023 17:38

Another positive day.

I am intrigued to see that an amazing end of day volume of 4,038,582 is reported and the price was only +60p (1.2%)

Go figure?

(Edit: URI closed +10.08 (2%) at 505.14 yesterday, most encouraging :-)
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[disc0dave46] 08/12/2023 16:28

Yep, will he be a Santa or a Grinch.

[bracke] 08/12/2023 15:24

It will be interesting to see what Mr Powell says next week. I doubt there will be a rate increase but I would expect him to be in Hawk mode, even then the market will probably want to stay positive until the new year.

[disc0dave46] 08/12/2023 15:19

"One might have thought that the data would be viewed by the market as bad but no."Nothing makes sense anymore! lol

[bracke] 08/12/2023 15:05

One might have thought that the data would be viewed by the market as bad but no.

I get the impression that unless data is very bad the market intends to stay up, until it decides otherwise.

[disc0dave46] 08/12/2023 13:43

NFP 199k and unemployment falls from 3.9% to 3.7%

[disc0dave46] 08/12/2023 13:15

"As for the NFP I'm no longer sure what is good and what is bad."Me neither :)Prediction is 183k (Oct was 150k) due to normal rise around Thanksgiving & Christmas. So guess if above it's negative but depends if unemployment counters that with a fall....who knows lol.

[bracke] 08/12/2023 12:52

Good day disc0

Yes 5244 next.

As for the NFP I'm no longer sure what is good and what is bad.

I presume a gradual reduction in employment and earnings is good but too much either way is bad.

[disc0dave46] 08/12/2023 12:05

Yippee!Good day Mr b, 5244 next :)Fingers crossed NFP today is positive news for markets.

[bracke] 08/12/2023 11:33

Gap at 4920 filled.

[bracke] 05/12/2023 11:49

Herewith 5 minute chart showing todays opening price action. Worth clicking on the 'lightening' symbol at the base of the chart for summary of results. Another gap to fill.

AHT 5 MINUTE

[disc0dave46] 05/12/2023 11:44

Mmmm....market appears to be not too convinced by their outlook.

[slogsweep] 05/12/2023 08:26

Typo knocks 200p off AHT

[fenners66] 05/12/2023 07:47

Interim Dividend up 5% or 0.75c
Fully diluted EPS up 12.6c

The cost of the previous full year dividend 85c was $368m
but I cannot (yet) find the comparison of the interim dividend cost in $m

It looks to me like the increase in interim dividend would cost about $3.2m
if there were still the same shares in issue - but they have bought some back....

I will try and analyse this better later...

But they have increased the finance charges by almost $100m for the first half...

[bracke] 04/12/2023 18:43

Here are four charts. They do not forecast a year ahead but they do provide a good indication for the next few months. It's fair to say US Stocks are stretched.

S&P Stocks Above 20 Day Average




S&P Stocks Above 50 Day Average




S&P Stocks Above 100 Day Average





S&P Stocks Above 200 Day Average

[disc0dave46] 04/12/2023 17:42

Good evening Mr b"Forecasting the markets a year ahead is pointless, who knows what is going to occur."Completely agree.

[bracke] 04/12/2023 13:45

Good day disc0

Forecasting the markets a year ahead is pointless, who knows what is going to occur.

If you look at a table of 'expert' forecasts there is usually considerable difference between them.

One event we do know will occur is the US Presidential Election in November 2024.

ALL HAIL TRUMP!......or not.

Below is the S&P500 Daily Chart....yes I know lots of lines. You will see a number of opening gaps they are the blue horizontal lines, most if not all will be filled. The most interesting one from my perspective (and I've no doubt other gap watchers) is the last one at 4412 which is a nice chunky 2000 ticks drop from the current level. I don't know when it will fill and I won't get all of it but I will be very disappointed if I fail to get a proportion of it.

S&P500 DAILY

[bracke] 03/12/2023 18:53

Thank you for the link disc0.

fenners will like this!

"One sign of management’s confidence in the future would be an increase in the dividend, since Ashtead’s current streak of increases in its annual distribution stretches back to 2005."

but will not be so pleased about this.....

"As a final point, Ashtead continues to run a share buyback programme with a value of $500 million, as first announced in May. This forms part of the company’s capital allocation strategy, which prioritises capital investment to grow the fleet, then bolt-on acquisitions and then return any remaining excess cash to shareholders via dividends and buybacks."

I couldn't possibly comment.

[disc0dave46] 03/12/2023 16:32

Interesting article particularly the table giving the sales (to April 2023) split by country and type of rental equipment. Can see why Canada was impacted due to the film / TV strikes where lighting, grip & lens equipment represented 22% of sales and mobile work platforms (which I guess could also serve the film / TV sector?) was 31% of sales.Https://www.ajbell.co.uk/articles/investmentarticles/269194/ashtead-first-half-results-tuesday-5-december

[bracke] 03/12/2023 15:51

Good day LAIRD

Filling the gap back up to 5244 by Christmas is a big ask. Remember the reason for the gap was the recent data from AHT which analysts did not like and resulted in the fall.
URI announce data in January. It will be interesting to see if it is similar to AHT or is more optimistic.

'IF' US data this coming week and any prior to Christmas is 'good' and looking at the rise in the US market over November a gap fill is a possibility but will take some doing.

As disc0 posts the interims are on Tuesday. They hopefully will aid the cause.

[disc0dave46] 02/12/2023 11:15

Hopefully Tuesdays interims will put more meat on the bones and all the bad news is already priced in.

[lairddavid] 02/12/2023 10:13

Bracke, do you thik AHT will fill the gap on the run up to Christnas, URI are on a strong run. There graphs tend to end up pretty siilar?

[fenners66] 01/12/2023 22:20

Thanks bracke I did remember correctly then.
Although a 14 bagger looks amazing for URI in that time , looking at AHT since the start of 2012
its been about a 22 bagger so pretty cool for AHT