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.... all my ideas were good as this share performance. Hope I've not jinxed myself now. GLA
Perfect for AHT and presumably explains today's gain.
Rylidan I know the feeling, we all can relate to that. Years ago I used to deal AHT around 600 then sold up everything. Recently back in and doing ok but.....if only I'd held, doh
Anyway, GLA. Oh, and today's news doesn't seem to have hurt the sp, today at least. Have fun
UK Turnover for 9 months of £444m up £79m but profits have only moved up by £1m - a 1.2% drop through! Equally they state that 25% of the £444m is DOH ( dept of health) revenues - this equates to £111m. This is unlikely to be there next year so all needs replacing to stand still! Some troubling times ahead for the business and probably the need for significant cost reduction to avoid the business becoming loss making
You have got to admire the performance of the US business but the Uk business has gone backwards over the past 3 years in spite of many acquisitions adding turnover but no incremental profit. Update is due tomorrow and I am sure the UK business will be getting lots of praise but one has to recognise that over £50m of their annual turnover is taken up by COVID work which you will need to strip out to get a true underlying performance - next year they will lose this revenue. They also appear to have been on a massive recruitment drive adding lots of cost to the business. My concern is without replacing this revenue the bottom line will be severely dented. The positive news is that the UK business is an irrelevance in the grand scheme of things
I've always regretted reducing or selling my best performing shares. Especially when they are longterm excellent performers like AHT
GOLDMAN SACHS INITIATES ASHTEAD GROUP WITH 'BUY' - TARGET 5100 PENCE
Barclays reiterates overweight with a target price of 4,340p.
Not bad for a day trade! :-) wish all my decisions worked out like this! Seriously though, I won't be buying back unless it falls a good deal further than this.
Matt Looking like a good decision ...for today at least. Maybe a good time to top up of course? Now, where did I put that crystal ball ;-)
Astonishing run despite the pandemic. I'm reducing my position today into this strength - taking about one third of my holding out. I bought most of my shares below £12, so happy to take some profit. Great company but stock price leaves no room at all for any disappointment. I'd buy them back at £30.
Jeez!
Shame about the last 90 minutes but I'll take 2% rise. Also, buyers 50% more than sellers . Wonder what happened at 15.00hrs? Could be limit sells ?
We are having (another) impressive day !
? What? For months people have said this had topped out and yet..... on it goes. Yep, research and best ideas from this BB are all sound arguments for the rise so why not keep rising. ATB
All time high...woohoo! Don't drop will ya..
Be nice to reach the all time high today... wouldn't it ?
I am optimistic. It's been reported that in the hearts and minds stakes, infrastructure spending is the low hanging fruit for Biden. Trump's promises were largely just hot air with no follow through. Other than the infamous wall for which Mexico was to pay!
AHT took a good increase in 2016 on the promised news from Mr Trump about spending on infrastructure and construction. Will Biden do the same? As the second largest rental company in the US, this would benefit AHT's business over there greatly. As would (sadly) any disaster recovery programmes, post-hurricane/flood etc as the business over there are experts in deploying the right equipment to the right areas.
AHT's employees are fairly active on social media, particularly LinkedIn and it gives an insight in to performance and desired direction.
In the UK AHT's business seems to be heavily involved in the COVID19 testing infrastructure and this continues to allow them to perform well - I am not sure there is an end in sight in terms of testing so from a financial perspective this is good news. While all their competitors were closing branches, furloughing employees, AHT's UK business were mopping up all the work and I think we will see that this has stood them in good stead when the next set of figures are produced. Having the testing infrastructure work in place and boxed off while the economy get's going again and adding that work on top surely means this should be a bumper year for AHT.
I note from their report and their employees LinkedIn they have been spending Capex on new equipment which when the dust settles will set them apart from their competitors who have been forced to take a more conservative approach to spending. AHT's businesses will be able to win new work as their equipment innovation will be ahead of the competitors and their equipment age profile will be far more favourable - an increasingly key point on large projects tenders.
I'd say although the price may be a bit heavy for some to get involved it would still be worth taking what you can, whenever you can. DYOR though!
I'm so tempted to buy more but it's now at an all time high of course.....but why wouldn't I buy? Can't think of a reason not to. If there's a dip tomorrow I'm in.
Looks like his infrastructure spend will weigh heavily with companies like Ashtead. Been in since £13 and averaged down at £11.50 and up at £23 but not sold any. £38 on the way.
Yep, and going higher as I write after what could have been a bit of profit taking this morning. ATB to all for the new year.
And now £36......and rising !
Told ya. :-(
Marching onwards and upwards.
Oh no, that's torn it .