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'Look at the buys now'
Yes, but I doubt that they're happy now, too.
I haven't got much powder to keep dry - unfortunately, just before this mini little crash, I had been on a slight spending spree throughout my portfolio - but what I've got left I'm keeping for the moment. It's at least possible that there's much further to fall, yet.
LM
look at the buys now
Why has this tanked today? No RNS and only one trade. How can a 33% fall be justified?
So in effect largely irrelevant to AHT given that pretty much all the impact was from Oil and Gas? Share price in AHT seemingly saying the same thing.....:-))
URI results were not well received, the share price dropping 10.52% on the week consequently knocking AHT. This does not bode well for AHT Q3 results on 3rd March although AHT is not involved in the oil and gas industry which has impacted on URI.
URI post Q4 results after hours on Thursday.The share price has fallen 4.45% this week in anticipation.
Taking a bit longer than I thought. Still - better late than never!!
and Barclays Capital target of £31.95.
I've held AHT for 18 years dipping out and in to transfer some to ISAs and adding to my holding as the price fluctuates. I now have a worrying amount of capital in one company as no doubt all long time holders have. These have officially been the best shares of the last decade.
It's a nice worry to have though!
They like data centres.
https://ftalphaville.ft.com/2020/01/17/1579255604000/Markets-not-live--Friday-17th-January-2020/
means investors will have to dig deep to invest in AHT in the future. Lucky I have a bucket load though I was tempted to sell on results. Ex-Divi day was yesterday and the dip has been more than surpassed by an entrenched rise today. I can see this one going much hire than the current SP.
I've sold today at 2,463p... I like the company, I think the business is solid and the future construction market in the US and UK is not as dire as reports would have us believe. However, I am concerned by the debt. It seems strange to me to be increasing debt while simultaneously buying back shares - I understand the argument that borrowing is so cheap that it makes sense to leverage up (it may be even cheaper than servicing those pesky shareholders), but to do that beyond a certain level is just increasing risk. You can stop paying a divi to shareholders, but you can never stop servicing that debt! I will keep on watching this share, but right now it just feels a tad uncomfortable. Good luck all.
There's a ton of work that's going to be needed over the next decade, a lot of it related to infrastructure renewal, flood defences, 5g, population growth, urbanisation, and green energy installation. AHT should benefit handsomely, with the proviso that the UK offers a grim picture of what a mature rental market can look like, ie far too many competitors and no one making any money. AHT and URI are to some extent in control of the North American market, hopefully they can see their way to gently growing market share while not competing against each other too hard!
I think the $1.4 trillion Federal package that includes the Trump wall should boost AHT to overcome the exchange rate.
Stone
IMHO now is good buying opportunity. Just wait for when the NY market opens as they will appreciate the performance in America and Canada.
Sp fell so bought some more all good here imv.
possible with these results , although there is some caution in the statement about the strengthening pound.
New high reached today following URI's 26% increase over the last month and further 2.7% so far today.
I'd guess this share's value as a brexit haven has been diminished lately. And the £stg is up.
Might be worth a punt(!) if the DUP still have teeth.
Why the big fall? Ashtead is a good company but cyclical. 28th September last year they hit 2461 but by Christmas they had fallen to 1586. Also as they make about 95% of their profits in America they tend to follow their competitors there. So at the moment its mainly about Trump and his trade wars, the possibility of a global recession and Brexit. I watch the movements of the likes uf URI and H&E. URI have third quarter results on 17th October.
Been tracking this for ages and finally have enough cash to invest in it. Also recommended by the Mail or Telegraph last weekend. Why the big fall?, So far continuing into today. Results and forecast look decent so ??
Big fall in share price today following URI's fall of 4.07% yesterday and premarket fall of 1.67% today. I sold some at 2350 last month and may buy back in shortly. I'll see how today goes.
Little story here about CEO change at A-Plant in July. Obviously they are not happy in Charlottesville, SC!
https://vertikal.net/en/news/story/33575/change-at-the-top-for-a-plant
Should Labour find its way into government then the underperforming A Plant will become nothing but a liability, as might a London listing.
The one thing in the full year results 30 April 2019 that raised my eyebrows was a comparison between market share in the USA in 2010 and 2019.
In 2010 United Rentals had 5% of the market, Sunbelt had 4%. In 2019 United Rentals has 14% and Sunbelt 9%.
So despite sterling accounts from Ashtead, in fact their major competitor seems to be doing rather better, at least in terms of market share.
I haven't looked into the nitty-gritty of their accounts, as I have just done with Ashtead. Perhaps if I did I would find that they are stretching themselves too thin.
Whatever the case, Ashtead are doing very well, and everything seems strong and secure. I wonder if the brokers' forecast of £28.00 will happen anytime soon, though. May have to continue waiting for some time yet.
LM
Yes, that article in the Telegraph (June 18, 2019) was encouraging.
As a long-term shareholder I particularly liked this:
"Business in the US was buoyed by a booming construction sector and a structural shift towards renting rather than owning equipment."
LM