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Ashtead : Barclays price target 1375p: rating overweight
Market already knew that Q4 would beat expectations and before the URI ''soft May'' remark,the AHT sp was beginning to get warmed up at ££12.30 and upwards and then URI investor presentation. Rental exposure to oil production is about 6%/10%,BUTas one analyst put it some investors have put a too high risk exposure of about 18% FTSE well down does not help and some old hands acro$$ the pond are saying that a Greek default should not be underestimated German public opinion has soured to Greece and now the Greeks have a fractious bunch of wafflers that have never held a job on main street Default is on and booted out of euro will follow Greece is causing too much grief Default-panic,chaos,new elections and b4 all that a good old fashioned punch up in the Greek parliament Markets don't like uncertainty AHT sp by years end will be £13+ URI release their next data on or around mid July Top up at these prices Great Q4 result and confidence going forward in a well run growing company Greece was brought into the EU knowing damn well that their books were dodgy and run by a bureaucratic woffling and self serving overweight public sector 80% of primary spending goes on pensions and public sector wages/pensions FOMC Wednesday Eurogroup Thursday One thing for sure some very tasty buy in prices in decent companies will present themselves Best of luck
Ashtead : Jefferies raises price target to 1385p from 1365p; rating buy
What the hell...
<b>Ashtead posts 33% rise in full-year pre-tax profit; confident on outlook</b> Tue, 16 June 2015 Industrial equipment hire company Ashtead posted a 33% rise in full-year pre-tax profit to £473.8m from £356.5m on the back of strong US and UK markets, and said it was confident in the medium-term outlook. Pre-tax profit beat analysts' expectations, while revenue grew 24% to £2.04bn from £1.63bn. Ashtead proposed a final dividend of 12.25p, which brings the dividend for the full year to 15.25p. up 33% from 11.5p in 2015. Chief executive Geoff Drabble said: "2014/15 was another very successful year for Ashtead. The consistent execution of our well-established strategy focused on organic growth supplemented by bolt-on acquisitions has delivered both excellent financial results and significantly enhanced our geographic footprint and the breadth of the markets we serve." He added: "Our markets continue to provide both structural and cyclical opportunity. The business model established over recent years has a track record of exploiting these opportunities and we are supported by a strong balance sheet. Therefore the board looks forward to the medium term with confidence."
Moved down to let HUGE buys go through, robbing peoples stop losses - disgrace! Especially after news like this
What has just happened to the share price?
AHT ASHTEAD.... BEATS ANALYST EXPECTATIONS................. Ashtead confident on outlook after record profit 16-06-2015 07:17 LONDON, June 16 (Reuters) – British industrial equipment hire group Ashtead said it was confident for its medium term outlook after it posted a record high in underlying pretax profit on Tuesday, on strong demand in the United States and Britain. The company, which rents everything from small tools to large diggers and water pumps, said pretax profit rose to 490 million pounds ($764.35 million) for the year ended April 30, up from 362.1 million a year ago and ahead of analyst expectations. It was expected to report full year profit of 485.94 million pounds according to a Thomson Reuters poll of 13 analysts. ($1 = 0.6411 pounds) (Reporting by Li-mei Hoang; Editing by Neil Maidment) ((limei.hoang@thomsonreuters.com; 020 7542 6513; Reuters Messaging: limei.hoang.thomsonreuters.com@reuters.net) Keywords: ASHTEAD GROUP RESULTS/ © Thomson Reuters Limited. Click for restrictions
Absolutely agree, however I am a little confused on how the outcome in Greece can affect aht so much when a huge percentage of profits come from the USA?
Excellent results Pre tax a record of 35% Return on investment 19% EPS 60.5p (2014 eps 44p) Net debt to EBITDA leverage 1.8 Speciality/niche now accounts for 25% of revenue Utilisation of fleet 70% Capital Investment in company - bolt on's,fleet - in 2015/2016 to be about one billion,BUT keeping debt leverage below 2 Average fleet age is 26 months Most recent broker forecast was around £15 Market should respond positively and company are confident going forward to the medium term and no negative remarks by CEO Drabble. AHT is half the size of URI which is a ++++ Another fine performance from a decent UK company Good day investing all
The Q4 will be good,however there is a palatable market uneasiness with Greece defaulting and the FOMC speak. AHT sp should spike up to at least £11.90 + or low £12.Those in profit will sell because the ri$e will be short lived,as investors will be anticipating some decent dips with Greece/EU deadlock,and default looks a distinct possibility at the moment. So long as there is no market moving catalyst of the negative variety from Asia or anything around opening bell in UK should give the sp a chance to get airborne. AHT is in good shape in UK/USA,and the economies are growing relatively well. USA data: building permits housing permits EU data: zew survey new car registrations german zew survey german cpi UK data: cpi ppi rpi good day investing to all
Cheers tidd83! I took the plunge not long after I posted the message! Got in at 11.18 so fingers crossed. Thanks
Don't jinx it then and keep out so we can all make profits hah. Only joking, personally I feel this is pretty low at present and is being held back due to the results tomorrow. I like a few people on here feel the news will be good and will reaffirm peoples confidence. Enter what you can afford to lose as always, if you wish to take a position before close you don't have long. We have seen a stable support at the 1120 area, next drop will be 1080 - with bad news this will go further. Good news I would expect we should see mid £12 but please DYOR
Hi all, Any ideas on what this will do after the results? I'm tempted to top up now but every time I do the share drops! Thanks
Market comment: '' Money pouring out of EM's'' ''FOMC Wednesday will give a better idea on Fed hike move as recent data,jobs and a forecasted 3% gdp for 2Q will probably make September hike lift off'' USA data: industrial production capacity utilisation ny empire state manufacturing index net foreign purchases EU data: balance of trade Greek/Brussels talks Sunday end in failure! , imagine that The 20th July is the crunch date when the ECB has to be paid and will the fractious Syriaza stay in tact.One thing for sure its time as a government! will be a short one. Eurogroup Friday will be interesting. Good day investing all
<b>Ashtead's shares are still ascending The company will announce its full-year numbers on Tuesday 16 June, and the stock is going from strength to strength.</b> David Madden Market Analyst, London Tuesday 09 June 2015 11:14 Ashtead Group’s share price hit a record high last month and traders hold hopes for the results. There is no stopping the share price growth which has gone up twelvefold in five years, and with record profits expected to be announced dealers are still bullish. In the first six months of the year, the firm revealed a 33% jump in profits and dividend, and the full-year guidance was raised by the same. The company hires out machinery that is used in the construction industry, and the robust property market in the US and the UK has seen demand ramp up for Ashtead’s business. The group earns over 80% of its revenue from its operation in the US, and the strong dollar is providing a bonus to the London-listed company. The construction sectors in both the UK and the US are secure, with the outlook in both nations positive and Ashtead’s prospects are only getting better. The market is expecting full-year revenues of £2.01 billion and adjusted net income of £311 million when Ashtead reveals its numbers. These forecasts equate to a 23% increase in revenue a 33% rise in adjusted net income. The company will also announce its second-half numbers on the same date; dealers are expecting revenue of £1 billion, and adjusted net income of £136 million. This compares with the first-half revenue and adjusted net profit of £987 million and £169 million respectively. Equity analyst are very bullish on Ashtead. Out of the 17 recommendations, 14 are buys, and three are holds. The average target price is £13.12, and this is 14% above the current price. The share price has been in an aggressive upward trend since 2012, and an all-time high of £12.31 is the initial target — a move through it will bring £13 into play. The stock has been trading lower recently but £11 will provide support, and if that mark is punctured £10 will be the next level of support. http://content.screencast.com/users/thomaser/folders/Default/media/7bfa9b29-5b69-4a18-b082-e370045e06eb/aht%204.jpg
Editorial comment: ''Construction firms added 17,000 jobs in May and 273,000 jobs in the past 12 months as the sector unemployment rate fell to 6.7% the lowest May rate since 2006. Job gains come as the private and public sectors are increasing investments in construction services.Construction employers continue to expand headcount as they adjust to growing demand for their services in many parts of the USA. The two most likely obstacles to the industry's continued expansion are growing labour shortages and political gridlock that could curtail public sector investment in infrastructure and construction. Non residential contractors- building,speciality trade,and heavy and civil engineering construction firms hired a net of 8600 workers in May. The US Congress has been urged to prioritise Surface Transportation Legislation,to invest in the nations ageing roads,bridges and transit systems'' AHT Q4 data is released on Tuesday 16th June and will be good. But we have the Greek overhang which is not looking promising with the Syriaza woffling clowns orchrestrating! German public opinion has also soured to Greece. Syriaza may want to default as a tactic, and have held on to payments till the end of the month,which they have no intention of paying anyway. Gexit a strong possibility, and booted out of the Euro as well! The URI sp is choppy and rangeboundish and oil price volatile,so I can't see any sudden move £orth on Monday with AHT sp unless there is excellent volume and decent market moving news - optimism! Roll on Monday
AHT Ashtead Group The group earns over 80% of its revenue from its operation in the US, and the strong dollar is providing a bonus to the London-listed company. The construction sectors in both the UK and the US are secure, with the outlook in both nations positive and Ashtead’s prospects are only getting better. https://pbs.twimg.com/media/CHTp8EhWwAAQtdK.jpg
Market comment: ''Free fall in transports looks like its over and that's a good sign for economy'' ''US jobless claims consistent with a stronger labour market'' USA data: ppi core ppi university michigan sentiment EU data: industrial production Greece: Germans have been preparing for a possible Greek default. IMF send technical negotiating team home. 80% of Greek primary spending goes on pensions and government/public sector ''wages''!!!! They are telling Greeks to accept their proposals and then they are satisfied that the Greeks are willing to reform and restructure,then they the creditors,EU and Germany will be accommodative in sorting out the huge debt. A-Plant Ltd announced and awarded the the best European rental company. Good day investing to all
Market comment: ''Analysts attribute rally to a weaker dollar leading to cheaper commodities and a possible Greek outcome'' USA data: initial jobless claims retail sales import/export prices business inventories bloomberg consumer comfort index UK data: rics house market survey Greece comment: ''No progress from last chance! get together'' Greece is negotiating from the standpoint of public sector and the creditors/EU are on the private sector side as the only way forward to get Greece sorted. The Greek courts have now weighed in saying that the pensions have to be restored to 2012 levels and anything else is unconstitutional. A fat cat pension bailout! for the woffler$ Inc and all those that have contributed to the chaos and bankruptcy However there are some signs emerging that a Greek exit could be a possibility,soft treatment of Greece sends a very bad signal to the other wofflers in other EU states waiting to throw a spanner in the reform/restructuring progress that has been successful so far. Good day investing to all
Economy: US small business confidence on a 5 month high. JOLTS data signals acceleration in wage growth. US data: crude inventories mba mortgage applications UK data: industrial production manufacturing production Greece: Yesterdays new! Greece proposal to creditors was more of the same,nothing new,and one unofficial source described it as another rehash and going nowhere. And if! they do comply with creditors at the last minute,will they implement it! Good day investing to all
Recent survey by the national association for business economists says sluggish economy to persist for Q2,and in Q3 growth will accelerate significantly. City comment: ''June could be ugly we are in a corrective phase'' USA data: wholesales inventories jolts EU data: gdp UK data: balance of trade brc sales monitor Oil analyst comment: ''OPEC produces about 38 million barrels a day and countries outside OPEC produce close on 60 million barrels a day,and OPEC is not the force it used to be'' Market comment: ''With equity markets driven by cash as opposed to stronger fundamentals,this could lead to financial instability down the line'' Good day investing to all
Hi Hottentot, Thanks for your thoughts all noted. Market comment: ''The rise of financials is bullish for US economy and markets and financial system in aggregate.More jobs being created means more loans along the way and with a rate rise impending'' EU : German industrial output beats expectations. Will Greece /EU sort something before June 14th,does'nt look like it. Syriaza is a Christmas cracker compilation of wofflers.The Greek electorate need to demand a party of national unity. AHT sp may start to ri$e again this week,so long as there is no real market moving catalyst of the south going variety. Never a dull moment Good day investing all. EU
On this glorious Sunday afternoon !!----Warren Buffet may be a Billionaire but let us not forget he has recently dumped all his Tesco shares at a massive loss and a public statement to the effect that he now realises buying Tesco ( or holding as long as he did ) was a grave investment error !!--- He was, i believe the major shareholder once upon a time ?? ----so much for his statement as posted --what does that say to the markets and in particular tesco share holders ?? ----- He may not be a "fool" but he ought to stop treating other investors like " fools" !!------ For what it's worth , i have posted on several bb's that i think Greece may well Default on all or some of their up and coming loan repayments but WILL ultimately stay in the Eurozone !!---- Turbulent and Volatile times ahead ( good for the traders amongst us) -----but alto' as you post the Eurozone ( Germany in particular) can weather Greece's exit without a shadow of a doubt --it it the uncertainty surrounding what others would then seek to do ( Spain, Italy, Portugal for example) that has Germany in a tiss and ,therefore, will bend over backwards in accommodating the "thugs" in Greece ( up to a point, and there will come a tipping point --- it's just that we are a while away from that point yet !!-- Of course all just my VHO which others will argue against strongly, i suggest ----- We all have to wait and see but trade the Volatility in the mean time !!-- My Dax trading is rewarding me beyond all expectations --so roll on next week and more Volatility i say (lol) -- GL to you sir ----
Warren Buffet tells investors to ignore market noise. ''People see rising and falling prices, the normal unceasing action of the stock market trying to price thousands of assets in real time and they feel the need to react,to do something.The fact is they should do nothing at all.Volatility is normal and should be ignored. The question isn't,'' will my investments go up and down'',because of course they will.The question one should ask, ''will the fact that investments go up and down bother me enough to do something dumb'' For most professional investors risk and volatility seem to go hand in hand.Experiernced investors understand that these are not synonymous rather they are two sides of a coin,related but never touch. When decent stocks dip you recognise the value and buy'' Greece comment: ''Complacency about Grexit is like complacency about Lehman Brothers'' Greece could get the push! German banks have a 2Billion euro + exposure to Greece and indirectly Germany has a 58 Billion euro exposure. Head of Deutchse Bank have stated that their exposure is manageable. Acro$$ the Pond they regard Greece as a side show and are confident in a sustained EU recovery,the banking system is more structured and robust and individual EU countries are restructuring and reforming their labour markets since 2008. And what must be very pleasing to Germany is that a recent general election in the UK, a major player,voted in with a majority,a austerity focused government. What voters want is certainty and jobs being created and debt being addressed and a economy recovering and growing. Greece debacle will go till the end of the month and uncertainty prevails and the markets don't like uncertainty. As one commentator put it,''the demands on Greece with the debt it has is the equivalent of financial water boarding'' Some compromise may surface! and the sooner the better.