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Share Price Information for Ashtead (AHT)


Share Price: 1,864.00Bid: 1,863.50Ask: 1,864.50Change: -72.50 (-3.74%)Faller - Ashtead Grp.
Spread: 1.00Spread as %: 0.05%Open: 1,937.00High: 1,950.00Low: 1,856.50Yesterday’s Close: 1,936.50

Ashtead Group Plc Ord 10P

Ashtead is listed in the FTSE 100, FTSE All-Share, FTSE 350, FTSE 350 Low Yield
Ashtead is part of the Support sector

Ashtead group is an international equipment rental company with networks within the UK and US. Operate under the brand names Sunbelt and A-Plant. Employs 13,754 across both businesses.





Share Price SpacerPrice
1864.00
Share Price SpacerBid
1863.50
Share Price SpacerAsk
1864.50
Share Price SpacerChange
-3.74%-72.50
Share Price SpacerVolume
1,010,588
Share Price SpacerOpen
1,937.00
Share Price SpacerHigh
1,950.00
Share Price SpacerLow
1,856.50
Share Price SpacerClose
1,936.50
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 471.35m £8,786.00m 1,000

52 Week High 2,461.00 52 Week High Date 28-SEP-2018
52 Week Low 1,572.50 52 Week Low Date 27-DEC-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
6,088 464,449 495,179 9.544 195.30 28.25 1.52


London South East Users info for Ashtead




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

22-Mar-19
16:20:20
1,863.00
136
Buy* 
1,862.50
1,863.00
2,534
Trade Type:
Automatic execution

22-Mar-19
16:20:18
1,864.3081
100
Buy* 
1,863.00
1,863.50
1,864
Trade Type:
Ordinary

22-Mar-19
16:20:17
1,863.50
93
Sell* 
1,863.50
1,864.00
1,733
Trade Type:
Automatic execution




View more Ashtead trades >>

Directors Deals for Ashtead (AHT)
Trade DateActionNotifierPriceCurrencyAmountHolding
26-Oct-18Buy
Trade Notifier Information for Ashtead Group
Ian Sutcliffe held the position of Senior Non-Executive Director at Ashtead Group at the time of this trade.
 Ian Sutcliffe
1794GBX13,93313933
19-Jun-17Transfer From
Trade Notifier Information for Ashtead Group
Sat Dhaiwal held the position of Chief Executive of Division at Ashtead Group at the time of this trade.
 Sat Dhaiwal
027,794150000
19-Jun-17Transfer From
Trade Notifier Information for Ashtead Group
Brendan Horgan held the position of Chief Executive of Division at Ashtead Group at the time of this trade.
 Brendan Horgan
046,683493874
View more Ashtead directors dealings >>


1.2.X.U.
Posts: 54
Opinion:No Opinion
Price:1,896.50
RE: Yield is over 7%
Thu 12:55
OK, for "yield" substitute Free Cash Flow Yield:

Free Cash Flow yield (FCF yield) is a measure of the amount of cash left over at a company after it has paid its operating expenses and capital expenditures. FCF yield tries to capture how much cash is left over for investors. For the middle of the road company in the S&P 500, the FCF yield is about 4%. Google has a FCF yield of 2.53%. Facebook is 3.59%. Amazon is 0.95%. Apple is 5.21%. When you look at tobacco, Altria is 5.70%, British American Tobacco is 6.59% and Phillip Morris is 6.65%.

https://www.forbes.com/sites/jordanwaldrep/2018/09/28/why-you-should-not-ignore-tobacco-stocks-anymore/

At 7% AHT is still out ahead even while posting double-digit growth. And I still think the interesting times start in 2021 when AHT should emerge from its current empire-building phase with a spare £2 per share of growth capex in its pocket.

Of course, as we all know AHT is a highly-leveraged house of cards that is built on debt and an obliging North American economy and could collapse at any time! That's why I happened on the above article while researching non-cyclical stocks that are not particularly exposed to the USA.
MattTheBrave
Posts: 2,759
Opinion:No Opinion
Price:1,931.00
RE: Yield is over 7%
15 Mar '19
I would never add a share BB into the yield, but as far as how much capital AHT is returning to shareholders annually (at present) it's appoint well made and makes interesting reading!
1.2.X.U.
Posts: 54
Opinion:No Opinion
Price:1,936.00
Yield is over 7%
15 Mar '19
AHT yield is over 7%

The dividend is about 40p per share
The buyback commitment is £500m per year. With about 480m shares in circulation that's £1 per share or so.
Total £1.40, yield is therefore a little over 7%

Personally I'd rather have the full £1.40 paid out as dividends. Three possible reasons why buybacks are getting most of the money:

1. US shareholders prefer buybacks

2. AHT say the current dividend is intended to sustainable through the cycle, ie it's being kept low in the hope it won't need cutting in the downturn.

3. On current numbers, £500m spent on buybacks saves £10m from the cost of the following year's dividend.

Note that AHT is combining a 7% yield with annual growth of 15-20% under the 2021 plan.

It's interesting to think ahead to where AHT will be when the 2021 plan completes. Growth capex is about £2 per share (new stores + acquisitions) so assuming that they don't immediately launch another five-year plan to double in size again by 2026 (fingers crossed they don't do that!) there could easily be scope to add another £1 to the current payout of £1.40 per share.
AllAtSea
Posts: 817
Opinion:No Opinion
Price:1,897.00
RE: RE:What's going on?
10 Mar '19
Is their debt ratio so unusual for the type of business?

When is the downturn likely to occur? I guess the US trade figures might have spooked some people but generally AHT looks sound enough in the absence of panic selling. A bit of volatility is sometimes an opportunity is it not?
dubious
Posts: 105
Opinion:No Opinion
Price:1,897.00
RE:What's going on?
9 Mar '19
I guess the markets are worried as to how the debt of £3.72 billion is going to be serviced when the inevitable downturn comes.
View more share chat for Ashtead (AHT) >>




Ashtead Group Plc Ord 10P home pageWebsite: Ashtead Group Plc Ord 10P
Website Description: Ashtead group is an international equipment rental company with networks within the UK and US. Operate under the brand names Sunbelt and A-Plant. Employs 13,754 across both businesses.



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