GreenRoc now on the EU radar after presentation on Amitsoq at the Greenland Business Mission. Watch the interview here.
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I'm surprised the share price is sinking. They should be renting out lots of equipment after devastation in the U.S
The business cycle is turning down. It won't make much difference. Recession is here.
An interest rate cut in USA will reeduce our borrowing costs and stimualte economic activity which means greater profits here for sure!
Https://www.enr.com/articles/9458-are-equipment-rentals-cyclical-or-secular
I guess that financing rental fleets is easier and that the thing which discourages operators from buying is uncertainty and that these two factors make AHT counter cyclical.
I would guess that the quants are all over this:
2020 - 2021
June-Aug 2022
Oct - Jan 2022
UK hirers show no such correlation but maybe we could view the UK a super-lagging the US at present.
United Rentals however shows the same correlation as AHT.
I see URI has put a stop to all the exuberance with a drop of over 4%๐
Yes Mardler. Soon after I bought in at 44p in 2002 they dropped to 6p! Then in 2005 there was a rights issue a @ 95.5 followed by a further one in 2006 @100p. Unfortunately I panicked when they dropped from about ยฃ60 to ยฃ14 at the beginning of the pandemic and sold most of them!
Down trendline from 12/6/24, is situated at 5496.67 today, while sp, has gapped above the trendline, thus removing the former bearish bias, in trend. Breakouts from downtrends, often retrace towards the breakout price. Transport sector, one of few risers today, apparently due to AHT. General market is bearish today, with reverse derivative of FTSE100, breaking above recent price pivot. DYOR.
Mardler, I can remember when they were 7p ish but i sold my really 'cheap' ones many years ago. More importantly , the new cfo is US based which makes a US listing more nailed on and , imv an upward re rate!
Well you have have done a bit better than me Aeon.
My first was 96p.
Can you remember when they were 7p?
So far the city loves it๐and with an increased dividend to 67.82p per share(which is more than my first share price investment) what's not to like?๐
Expected a great rns and we got an average one imv. Good growth in business volume but not profit . Lets hope the city likes it!
Off topic I know but....has anyone got problems with the text size on this site? On my phone the size's are all over the place! Some text very small, some 3x the size?? Weird but can't solve it. Sorry about bothering you but anyone else the same problem. Thanks
....a dull moment with this sp. Quite volatile for the last few weeks and will continue especially as, hopefully, a rate cut is getting closer in the US...possibly ๐ค๐ค๐maybe ๐. URI sp continues to rise in US.
URI up another 5% tonight
Volume for the day has increased to a reasonably heavy amount and bearish outside bar high broken above, so bullish .The CCI(commodity channel index), bullish positive divergence, pivot low of 18/6/24, implies a price target in the range of 5604-5725. DYOR.
Yes, URI up 4.46% at the moment
....somebody, the US or UK would make the decision to finally reduce interest rates. Then we could see decent up swings with AHT......Well, for a few days at least until the glee subsides. GLA
URI sp might be helping today and the last few days....maybe.?
Very light volume today not supportive of a sp, breakout. The technical chart view on the lse , page shows outside bearish price bar on 5/7/24, high 5284, requires a close above to adopt a bullish view. There has been at least 3 bearish outside bars and 1 weekly bearish outside bar during the most recent decline. The positives are the positive divergence in the CCI(commodity channel index) and potential historical support pivots.
The borrowings in the fundamental page are large, and bearing in mind the yield of 1.5%, I agree that AHT, buying back equity, appears wasteful, compared with reducing borrowing.
This board has gone a bit quiet hasn't it !
Not surprising really considering the sp performance. Not great is it.....and when will it recover? GLA
Some years ago I wrote to the then CEO, Geoff Drabble to ask why they continued with a share buyback instead of paying down debt. I got a very nice letter back to the effect that that was the best way. Since then interest rates have soared and consequently the level of debt. When will they see sense.
Ashtead Group on Tuesday forecast slower growth in group rental revenue for fiscal 2025 after a 10% jump in 2024, sending its shares down 3.4%.
Maybe the cause for the fall today.
Running to stand still. Given the debt pile, lenders will want their piece of flesh. Sell.
Agree, results are mostly as expected. In terms of future prospects, is today a 'hold' or 'top-up'? I'm leaning toward the latter..
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