Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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The board warns that the interest paid on the debt will adversely affect profits yet they still insist on buying back shares instead of paying down the debt. Ludicrous.
Just great and sufficient to justify another 5% on sp imv.
Didn't really mean "goof" . Quite the opposite??
At exchange of 1.1784, The declared dividend of 67.5 cents per share is 57.28 pence to be paid on September 9th
Of pricing of debt is going to push up cost of average debt from 3% - bad news but my guess is that they have the view that it would be even more expensive next year ! We shall see - hope the market likes it.
URI share price up 4% Wednesday and a further 6% tonight.
Things are looking up.
Ashtead was the among the best performers, up 4.0%, after the equipment rental firm's US rival United Rentals reported record second-quarter results after the New York close on Wednesday.
Yes doing a similar accumulation. Never easy to pick the low point but i feel with the projected eps estimates for the next couple of years, there is a decent balance of probabilities of a rise from here medium term.
Sold out over a year ago, lovely profit, but felt it was overheating. Now back in with a starting position as consider this oversold. Will build back up over the next few months. GLA
Highway market makers at it again. Plus this is the share the brokers love to hate because it has made them look stupid over the years
What a joke.
Record FY results. Biggest ftse faller. If you didn't laugh you'd have to cry :-(
Sure they are using debt to buy growth but it's just the business model, it's very capital intensive. No one can fault what's been achieved over the years.
The covid shut down a couple of years ago successfully stress-tested the business model to deal with adversity and I've no doubts they can ride out any future recession, even with their level of debt, and continue to prosper.
Significant growth in profits justifies company strategy and I am expecting sp to rise today and into the future - no worries as far as I am concerned.
Only $300m forecast free cash flow for this coming year despite double digit growth in forecast revenues. With its acquisition spree, is it having to buy revenue to grow or is inflation disproportionately hitting its operating costs?
Either way, debt will increase to a less comfortable level.
URI just posted record Q1 results & raised guidance for 2022. Currently up over 3% in after hours. Should be a good read across for AHT tomorrow.
....got back to £43 I sold it at a year ago!!. I always thought 20x earnings made more sense than 30X, and we're now back to just over 21x. I don't think I'm going rush back in here, but below £40 would certainly make it start to look interesting again!
Appreciate the response Dubious. I've always thought buybacks were a good thing myself but I've never seen a company do so many over the past 4/5 years plus.
Predictive text changed sensible to sensitive !
BB3
In answer to your question, the ability for a company to be able to afford buybacks apparently considered a good thing: especially in the USA where Ashtead makes most of it's profits through it's acquisition of Sunbelt.
In 2018 I wrote to the then CEO Geoff Drabble complaining that they should be paying down debt and increasing the dividend instead of wasting my money on share buybacks. He kindly wrote back saying "no doubt there are differing views on share buybacks buy they are a sensitive use of excess funds and lead to share price appreciation by improving the earnings per share."
Would somebody please mind explaining briefly why the company has been doing all these share buybacks.
My mother is invested and has a few concerns about the sp and whether all the buybacks are a positive or negative.
I don't know much about the company and am not currently invested so would be grateful for any info I can pass over to her.
"Why the drop? rising fuel and labour costs, shortages of plant and spares? Any ideas?"
I'm not aware of any AHT specific news but with a PE ratio of c.29 at the current price, a sub 1% yield, quite a lot of debt and rising interest rates, a war underway in Europe and the US infrastructure investment picture less certain (than it was some time ago) I'd say it's a combination of factors reducing confidence in the stock market generally and AHT specifically.
I still have a holding because taking a long term view, they still have a huge amount of possible market share to capture and the company has proven it can expand profitably.
Why the drop? rising fuel and labour costs, shortages of plant and spares?
Any ideas?
Is it to buy or not to buy at this price? 4781?
Thank you for comment
I cannot fathom what's going on here. AHT is usually such a star performer. It's main competitor URI is up16% over the last 3 months whereas we had excellent results and are down about 5%