Ashtead Share Discussion Threads

[riley109] 05/3/2024 12:41

Same old same old back up again without a doubt.!

[disc0dave46] 05/3/2024 10:15

Doesn't read too well but IMO H1 had already set the scene - not as many natural disasters and the writers & actors strike (which as highlighted by ADF's update was still an issue). The first cannot be managed (although they shouldn't be including in their financial forecasting in the first place), and the latter is a one off event that will normalise and grow.Capex is massive (+$1.2bn) to take advantage of US infrastructure spend, so glass half full things should improve. The buyback was minimal compared to last year so not even worth debating IMO.

[trt] 05/3/2024 09:13

Could see this drop below £50 now

[fenners66] 05/3/2024 07:58

Even H&E has seen rapid share price growth.

I am coming around to listing in the US if that's what it takes to get their attention and significant rating upside.
IF the thought is that it would not do any good , then the management better work out what URI are doing better.

[fenners66] 05/3/2024 07:49

Trade debtors have gone up 15%
but
Trade payables have fallen 2%

Those figures are yr on yr 3rd qtr and are even worse vs the year end.

Who is Not managing the working capital ?

There is an average financing cost of debt of 5% , no doubt the short term cost of overdrafts will be higher.
Someone needs to get a grip

[c_k] 05/3/2024 07:48

I was disappointed too on first read of the profits. The contrast with URIs share price growth over recent times is stark.

[fenners66] 05/3/2024 07:39

First glance those 3rd Qtr figures look disappointing.

As for the EPS despite buybacks , ? 1% !

The growth of PBT was $2m

The added financing cost was $143m or about 31c a share

Finally however some common sense returns..?

"Our capital allocation framework remains unchanged and prioritises:
· organic fleet growth;
- same-stores;
- greenfields;
· bolt-on acquisitions; and
· a progressive dividend with consideration to both profitability and cash generation that is sustainable through the cycle."

We shall see.

[bracke] 04/3/2024 19:22

Good day disc0

Yes it is. So will it be sell the result?

More data from US this week.

[disc0dave46] 04/3/2024 18:25

Q3 tomorrow so good luck all.Good day Mrb....RSI still just about in overbought territory :(

[fenners66] 04/3/2024 15:14

The jump a read across from the URI purchase of Yak ?

I would expect that read across to be short lived as its not something that Sunbelt do ? Mats?

Although they use some adjusted EBITDA metric $171m vs their cost of $ 1.1Bn the
(again adjusted) net income was only $54m
So about 20x net earnings....

[bracke] 04/3/2024 14:36

Gap at 5680 filled.

AHT DAILY

[fenners66] 01/3/2024 17:33

Talk of this year being El-Ninio and the Caribbean being record temperature later in the year - will that mean a ferocious hurricane season?

[disc0dave46] 01/3/2024 16:48

Good day Mr bWouldnt disagree about JP wanting to see more data. The general consensus though is a cut in June.....we will see.As for AHT, they warned previously due to the impact on ops in the film industry due to the writers and actors strike. It may still be an issue, although I really hope it's not, but ADF reported yesterday in their FY23 finals the following in their outlook statement (an abstract below): "Following the end of the Strikes in November 2023, and the continued growth in demand for ADF's services as evidenced by the current order book, the Company expects the financial performance of H1-FY24 to be significantly ahead of the H2-FY23. Notwithstanding the end of the Strikes, the impact on the film and HETV industry has carried on into H1-FY24 with film and TV producers having to reorganise the schedules of all relevant parties (studios, cast, crew, ancillary services etc), which is proving challenging at short notice. This has meant there will be a one-off reduction in utilisation in H1-FY24 before returning to a full second half, more in line with pre-strike levels. The Board will provide further guidance in this regard on publication of its audited full year FY23 results.

[bracke] 01/3/2024 13:45

Another gap up this morning to fill the gap at 5712 but pressure eased at a previous major high 5802. Next gap to the upside is 5830.


AHT DAILY

[bracke] 29/2/2024 18:22

Good day disc0

I presume the FED will want to see another couple of months of data showing the trend is a continuing one prior to rate cuts. So maybe a cut in June?

When the data was released the share price continued with the rise and looked like it was going to fill the gap at 5712 but the pressure eased and it has 'rested' at 5680.

A note of caution. Viewing the RSI shows the share price moving into overbought territory. Look at previous occasions when the RSI reached this level and what then occurred to the share price

[disc0dave46] 29/2/2024 17:15

Good day Mr bSo US GDP growth down, Inflation down and jobless claims higher than forecast.....whilst only small moves at least all heading the right way.Thanks for your chart and all those lovely gaps to fill :)

[bracke] 29/2/2024 14:06

Great Expectations!

The share price has today broken up out of the 'Big Wedge' albeit with a gap.

No doubt shareholders will be hoping for results not just sufficient to keep the share price above the 'Big Wedge' but of proportion to take it up to fill the two gaps at 5712 and 5830. There are two more gaps at 6200 and 6238 but they may have to wait a little longer for filling.

Perish the idea of 'Buy the rumour, sell the result'

AHT DAILY

[disc0dave46] 29/2/2024 14:05

US inflation 2.4%, down from 2.6% in Dec. Will that please JP?

[disc0dave46] 29/2/2024 09:47

"and will contribute something worthwhile :-)"I very much doubt that!.Anyway, let's hope the US inflation data pleases the market......their latest GDP was a slight deceleration so fingers crossed.Have a good one, and be careful out there, some very strange people around :)

[perfido] 29/2/2024 09:39

No worries re our new poster Disco, hopefully he is now an AHT shareholder and will contribute something worthwhile :-)
.

[disc0dave46] 29/2/2024 07:57

Good morning Perfido Do agree also with TS, however, I'm not trying to time the market per se, simply buying when IMO the stock is sufficiently undervalued (which doesn't necessarily mean buying at the very bottom), then holding and see if it hits my target price, potentially to sell or keep holding, which again doesn't mean trying to sell at the top.Don't believe you can ever catch the bottom and the top.Thanks and hope your investments or trades are prosperous transactions.Ps sorry about my new stalker, the old stalker has managed to enlist the help of a very gullible believer - I really shouldn't bite :(

[perfido] 29/2/2024 06:35

Good morning Disco,

Suum cuique - to each his own :-)

I wish you good luck, although I tend to agree with Terry Smiths views on market timing

In the meantime I am looking forward to AHT’s trading update
(Q3 results) on the 5th next week…
.

[daveboy19] 28/2/2024 18:00

Trolltastic comms, Dave :)