Share Name Share Symbol Market Type Share ISIN Share Description
Ashtead Group LSE:AHT London Ordinary Share GB0000536739 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +23.00p +1.21% 1,923.00p 1,921.00p 1,923.00p 1,929.00p 1,894.00p 1,904.00p 1,224,746 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 3,186.8 765.1 100.5 19.1 9,600.11

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Trade Time Trade Price Trade Size Trade Value Trade Type
17:08:461,923.8010192.38O
17:06:501,922.962975,711.20O
17:04:491,922.701482,845.60O
17:01:031,926.651733,333.11O
16:58:591,923.011,07920,749.30O
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Ashtead Group (AHT) Top Chat Posts

DateSubject
23/11/2017
08:20
Ashtead Group Daily Update: Ashtead Group is listed in the Support Services sector of the London Stock Exchange with ticker AHT. The last closing price for Ashtead Group was 1,900p.
Ashtead Group has a 4 week average price of 1,871p and a 12 week average price of 1,657p.
The 1 year high share price is 1,979p while the 1 year low share price is currently 1,464p.
There are currently 499,225,712 shares in issue and the average daily traded volume is 1,411,569 shares. The market capitalisation of Ashtead Group is £9,600,110,441.76.
10/11/2017
10:14
fenners66: That is true DD - however we have reasons for "investing" - dividends , growth in profits and markets , new products , great balance sheets and cash flow , or perhaps even technical indicators etc. Then there are those who "gamble" that because a company's share price has plummeted it must be cheap and must rise - even when same company just wrote off £1bn - or 5 years worth of declared profits , has £1bn of net debt , has £405m of negative net assets , has a plan to write off another £100m and has a pension deficit of £600m, oh yeah and is about 500% geared ! Couple that with it's major market being construction - where it has to guess when it tenders for work , how much profit -LOSS they could make and actually show themselves unable to guess correctly, then have 5 years worth of orders that were tendered by the same individuals that got them a £1bn write off. When you get that lot together oh yeah with an AGM message 2 months before an £845m write off (not the sort of thing you do overnight down the pub) that said everything was fine ! and you kinda wonder what the company has going for it. Some still believe that debt for equity or rescue rights issues cannot happen and so gamble that the share price will just rise instead......
23/10/2017
18:18
fenners66: I think that shorting is fine. It is no different to selling shares because you have made a profit and think the share has reached the top. When you sell a share at the top of its run , just as it turns around and drops 15% do you shed a tear for the poor fellow (mug) who bought them off you? Do you secretly (or perhaps not so secretly) gloat that you got that one right and then wonder if it falls back some more will it be a buying opportunity? No one cares that, that fall may have triggered the stop loss of the fellow that bought them off you. The biggest case of shorting I have seen is Carillion where over 20% of the shares were shorted - mostly from over £3 whilst the company continued to preach in their glossy huge accounts book that everything was fine. Shorters took very large positions on the basis that they knew more about the business than the directors did. Not that they knew more about the share price prospects or that they could influence them - but that the business was a basket case despite the directors reassurances. The FD reported everything was fine at the AGM and 2 months later announced £850m of write offs ! Suddenly the share price then collapsed and the shorters were in serious money - but they took the same ( arguably greater risks) than the longs and it paid off. Sure the share price had a gentle decline during the last 2 years - but its was the announcement that the truth was out and 5 years profits were mistaken that killed the share price and the holders. Since that incident I have added short tracker to my browser favourites and I will now check the short position prior to any buys. I had been wondering about buying some CLLN I am seriously glad I didn't.
23/10/2017
15:27
bracke: kilgallp "I don't know how long you've been involved with Ashtead?" =========================================================== Too long. Soon after the financial irregularity. "Shorters are banking on companies collapsing" ============================================== No they are not. They are trading on the basis that the share price will drop. If a share price drops too far buyers will come in and take it back up. Shorters are rather like predators they 'take out' the weak. Remember the banks. They were shorted because they had got themselves into a mess. When heavy shorting takes place odds on it's deserved. Remember naked shorting is not permitted, the number of shares shorted have to be borrowed from a holder so the system self regulates. Shorting often concentrates the minds of Directors who have rested on their laurels for too long into action.
19/10/2017
08:24
fenners66: I hardly ever give an opinion on share price moves - is it going up down etc, but I do give opinion on the RNS's and what they are trying to say. So many gamblers are only interested (for their own ends of course) on the hearing this is going up or this is going down BS. But warn them about real news and when the share price falls its shoot the messenger time. However its the silent majority that read the info, that I'm speaking to, the gamblers are too far gone.
19/10/2017
08:23
ianwwwhite: Good morning DD, It does seem like AHT has been reinvigorated, although it's worth mentioning that 12 months ago AHT price was around 1315, so a rise of 45% within that period can't be bad IMHO. I am guessing that you have retained some of your AHT holding, and are enjoying the ride? I sold 12% of my holding recently at 18.49, so reducing risk does come at a price. :-)
19/10/2017
08:06
fenners66: I just had a spat with some on the Interserve BB. I had them on my watchlist for some time as a yield share - then they started out saying things were not as good etc...... On Monday Sky News leaked that a consortium of lenders had called in EY - so I suggested that was a reason for the share price fall - which received a response from the longs that that was normal......(as if!) I reiterated the point that it was not normal and I took it as bad news just last night. Today there is an RNS saying margins have collapsed and they were on course to breach banking covenants. Share price in free fall. You just cannot help some people arguing as if they were experts that its normal to be expensively investigated by the lenders that can see your cash flow !
02/8/2017
08:55
fenners66: Ok for what its worth:- Lets say they bought CRS on a similar multiple to the current AHT share price. That makes the $275m something like 2.6% of AHT Using that assumption they should be buying 2.6% of turnover - About £82m of turnover Interestingly if I use the AHT accounts turnover by employee and multiply by 400 ( the number we have from the acquisition news ) that would give us a turnover of around £93m. I think this actually re-enforces the lower assumption as the smaller standalone business probably has a higher relative admin staff number. Pre-tax profit is about 24% so £82m x 24% = c£20m We trade on a multiple of say 16.3 at the moment so that's worth £321m and we used cash of £211 to get it. I anticipate once they have been integrated there will be savings and efficiencies and a profit increase. It may well need more cash to improve the life of the plant ( if you are selling a business you sweat the assets and generate cash and profit at the expense of capex for a few years to make it look good). There may even have been a negative impact with their customers if they had to put up with old plant. Overall though bolt on profitable acquisitions are probably a good way of diverting cash to build the share price long term.
17/7/2017
13:45
ianwwwhite: Good afternoon bracke, My earlier comment was made in a light-hearted vein, I am sorry if it has touched a raw nerve. Nevertheless, as you have posed the questions, I am happy to share my views: At any one time it seems self-evident that the AHT share price is the product of a number of key factors: • The company’s results, previous trading and financial performance • The company’s barriers to competition, other competitors, and future market and trading prospects • Investment Analysts recommendations (including those using TA) • Shareholders and prospective purchasers propensity to buy/sell/hold/short shares In addition in the wider market the follow factors seem important: • General market trends • Speed of migration from equipment ownership to renting • Economic cycle • Currency fluctuations (particularly $/£) • Countries attempts to manage their economies e.g. Janet Yellen (rates/expansion/contraction) • Factors like the ‘Trump’ effect In the period from March to June we have had some significant other developments: • Q3 and Q4 results, and record profits for the year ending 30th Apr • Positive free cash flow for the first time in the last five years of 319 mil • Dividend increased again • Five positive Brokers estimates in the range 1650-2000p • Short Tracker indicates shorts above 0.5% stable at 1.14%, lowest since 2015 It seems that all these factors will have played a part in maintaining the AHT share price, (I am sure you can think of others), and of course last but not least there is also the share price movements caused by speculators who form a valuable part of the market although their activities may often create a divergence between market price and the company’s perceived intrinsic value. Did fundamentals play a part in the prices changes you mention – they certainly did in my view. Finally in trying to understand the markets, I am very much drawn to Robert Rheas’s Ripples, Waves and Tides analogy described in The Dow Theory. It makes pefect sense to me!
06/3/2017
13:33
ianwwwhite: Hi bracke ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Re Post 53422: “Perhaps you should be asking the question why those who have held 'throughout' have done so. Other than because of lethargy. ie. Fundamentals, TA, etc.” ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I promised to respond to your question from my own experience, other long term holders may have other explanations! * Long term holder? Over the 20 years which I have held AHT there have been 20 buys, and 15 sells, so your assumed ‘lethargy̵7; on our part I would prefer to call ‘masterly inaction’ when it has occurred! My AHT holding has always been part of a larger structured portfolio which includes such diverse investments as Cash Deposits, NSCs, Unit Trusts & OEICs and a few direct company share-holdings which together make up my own ‘Optimal Portfolio’. All 35 AHT transactions have been designed to maximise profits but maintain the risk profile of the portfolio. Within these constraints I have bought in times of weakness and sold to lock in profits and reduce risk when necessary. * Why AHT?: Belief in company’s business model, their markets, the strong management team, and the desire to ‘run your winners, don’t sell good companies’. It seems to me that major instances of AHT price falls, although unsettling, have been attributable in the main to ‘black swan’ factors, economic downturns or accounting fraud which do not necessarily invalidate the business proposition. * Fundamental or Technical Analysis? Both! My longer term AHT hold strategy has been driven by Fundamentals, but short term buys and sells have been aided by my shallow understanding of TA, supplemented by your own valuable contributions, and on occasion the equally valuable contributions of fingers xxd. Thanks to you both! * Finally given the ‘kimono fully open’ nature of my explanation, a word of warning to the unwary reader, none of the above is intended as advice, DYOR! Ian
04/12/2015
13:35
gordo58: from bloomberg: Employment in November was spurred by the biggest increase in construction hiring since January 2014. got to help Aht share price hasn't it??
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