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Dumped half yesterday while still in profit. I don't see the USA as having the stability it had a few years back, it's a global problem. Investors are heading for the hills. NFTs anyone? Seriously?
Yeah agreed after a good run I got most of my holding out at 6100 and 5700. Will look to get back in when the dust settles
I think we should also recognise that the stock may have got ahead of itself at £64. Even at today's price, it's valued at 30x which doesn't feel especially cheap. I could see this going back to the £40s.
BIden bungled build back better.
Interest rate rises worrying investors.
But we should still see growth so recovery overdue.
Not getting any better, down another 4% plus as I type
As Nick says it's all about inflation and the expected interest rate rises in the U.S.
The Nasdaq was down over 2.7% at its lowest today but has finished slightly up. I would expect AHT to be up in the morning.
Any companies that have exposure to an increase in inflation and interest rates, particularly in the US are getting hammered. The Nasdaq is down approx 8% in a week.
There seems to be some weakness in the share price at the moment relative to the market in general and no news. Down today over 2.6% whereas footsie is pretty much even Steven?
As I said in my previous post, no matter how good the results or broker recommendations (Liberium £68000) AHT share price is heavily influenced by URI which is largest plant hire company. Sunbelt is the second largest in the US. I notice that they have now declared the dividend in cents, that and the fact that all the A plant machinery here has now been rebranded as Sunbelt, that we have this massive buyback which the U.S. seems to prefer rather than big dividends or paying down debt , leads me to wonder if the board is considering a move to the Nasdaq.
As to having a scrip issue to make the shares more saleable to retail investors you can tell by the lack of interest on this board that plant hire is not of much interest to the small investor.
Building equipment rental firm Ashtead bolstered its position as the best-performing FTSE 100 stock this year after a construction boom in the US.
It jumped 3.9 per cent, or 224p, to 6442p after it upgraded full-year guidance following a ‘record first half performance’ in the six months to the end of October.
Pre-tax profits swelled 38 per cent year-on-year to £673million while revenues jumped 18 per cent to £2.9billion. It also hiked its interim dividend by 28 per cent to 9p per share.
The figures were boosted by reconstruction in the US following the 2021 hurricane season, which caused over £53billion worth of damage. Its equipment has also been in demand in the UK, helping to build after Covid.
The trend is still very much our friend
.....the increased interim dividend is still not worth much, only 0.15%. Yep, I realise that the high sp 'devalues ' the yield and also, evidently, AHT is one of the highest increasing dividend payers YOY in the uk stock market. Ah, well, not complaining too much as long as my capital increases
I tend to agree about a share split. JD Sports have just done that and have done several times over the years and that's when their sp only gets to about £12 to £15.
Regarding quiet bb....maybe, but keenly watched by a bunch of happy investors...like me. Like all FTSE equities, it's been a frustrating 3 or 4 months without any sustained increases unlike over the pond. Let's hope Omicron stays in the background without deaths (unlikely) and our index recovers somewhat. GLA
I do think a share split would help propel the SP even higher, people don’t want to buy shares priced at £64 quid each as they only get a few. A 10 for 1 would help a lot even though it’s status quo imho
Ashtead is a solid growth share that in my view has further to go as the sunbelt 3.0 expansion plan keeps on going . There is still vast amounts of market share in the states up for grabs. AHT has been my most profitable investment over the last 2 years. They just go about their business quietly and professionally and these boards are so quiet which is surprising. I guess the lack of wild swings mean no day traders on here. Long May it continue!
Stunning - expecting further growth in sp.
Q2 results on Tuesday should be good, but with the way the US market is behaving at the moment (URI sp down over 15% on the month) I doubt good results will be reflected in the sp. of AHT.
There should at least be an increase in the dividend.
And another 10% on the sp since my last post - hooray got this one right!
The U.S. House of Representatives late Friday voted 228-206 to approve a bipartisan infrastructure bill, in a move that sends the $1 trillion package over to President Joe Biden to be signed into law
A big step further to getting the $550 billion bill signed last night. Passed by the House and now just needs Biden to sign it....if he has the strength to lift his pen ! LOL. Maybe some of the sp rise priced in at the expectation last week. GLA
Morning Fireblademan, LOL. Yes, this is a game of 'if only ' and hindsight. Hopefully lots of good days ahead for us and everyone. Looking forward to when the US pass the infrastructure bill. Not looking forward to the constant forecast of market correction....whenever ! Have fun
YamR1man (I was a Fireblade man myself)
I could also tell you of all of the shares I sold too early, didn't buy at all, and how I could have retired etc etc. Oh well - that's what makes this pursuit interesting and challenging
UMNS....Please don't talk about the past... it upsets me. In March 2011, I sold all my 2000 shares in AHT at £1.70 average each...DOH ! Plus, everything else. Only started a portfolio again in the last 18 months. Regarding AHT....If only I'd.....you can guess the rest I'm sure. Groan.... Anyway, not selling anytime soon. Good luck to All.
Agreed. AHT was one of the first shares I bought when I started to take investing a bit more seriously. I bought at £3.33 and have bought and sold more along the way, but I've always had a fair chunk of my portfolio and they've done quite well since :-)
Thank goodness I'm invested in this company. A delight to view the trend. Still waiting though for US to decide on their childish political squabbles on infrastructure plan. All this time wasted because of political ego's whilst jobs could be booming ! Typical of the self serving politicians to let others flounder whilst the Mega rich play politics . Oops, slipped into a rant there, sorry. HAPPY CHRISTMAS EVERYONE