Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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53% increase in operating profits.
Can't be bad!
It has taken until Sept to put another 10% on sp since my July post - not complaing however!
...which we want to believe don't we. Obviously, if it was a negative then we wouldn't want to....LOL. Seriously, it seems to be STILL going from strength to strength. Yippee
Chilting, looking back I wish I had kept the shares that I bought yonks ago at around 27p! Stil bought back in a couple of years ago and see this as a longterm hold
Ashtead's long term-goal is 20% market share in the USA. Currently they have 11%. Decarbonisation, climate change adaptation, extreme-weather response, and infrastructure renewal all mean that the market for equipment hire is likely to grow over the next decade, but even if it doesn't grow, Ashtead intend to grab nearly twice as much market share as they have now.
And if they ever do run out of room to grow they can always redirect their ample free cash flow to buying back more shares.
I think the only thing that could really hurt them is a prolonged economic downturn.
Also bear in mind that cyclicals always look expensive coming out of a downturn (pandemic), and AHT is at least semi-cyclical.
Ouch!
It is indeed "an ill wind".
Ashtead profited greatly from the tragedy of hurricane Katrina in 2005.
Unfortunately I sold most of my holding in March 2020 !
It's an ill wind, you think?
Some equities are just winners nuri - what's not to like here - I just wish I had invested in March 2020 when the SP fell to 1138p.
US Federal infrastructure plan will be very good for AHT - so is global warming, especially hurricanes.
Looking extremely top heavy this share for poor results. sales growing 3% is less than mediocre...
"A vast new investment plan aimed at modernizing America's infrastructure overcame a key legislative hurdle in the US Senate on Sunday, with legislation described as "historic" by President Joe Biden now almost certain to become law."
https://www.ibtimes.com/vast-infrastructure-bill-overcomes-key-hurdle-us-senate-3269320
News which must help AHT
sp has fallen nearly 6% over the last few sessions but should do a bit better tomorrow as URI rose 3.67% today
https://www.dailysabah.com/business/economy/us-senators-take-first-major-step-toward-1t-infrastructure-bill
"
“We know that this has been a long and sometimes difficult process, but we are proud this evening to announce this legislation,” said Sen. Kyrsten Sinema, D-Ariz., a lead negotiator. The bill showed “we can put aside our own political differences for the good of the country,” she said.
Sen. Rob Portman of Ohio, a Republican negotiator, framed the legislation as something that would help the U.S. better compete with China and would make the “economy more efficient, more productive" after years of struggle getting a public works bill off the ground."
Hopeful noises reported today.
Money where mouth is.
My view is that the bill will be passed eventually. Opponents will be handing their ammunition to the enemy if they stop it and are stalling to make as much political capital as they can before letting it through. On that basis I will be buying more AHT at the current price.
Sp has risen 10m percent since i posted here just one month ago - think i should come back in August!
I think it's a little bit of cleverness on Ashtead's part. They've kept the dividend low enough that they can increase it every year even through the depths of a global pandemic, meanwhile the real shareholder returns are in the buybacks, which can be turned on and off at will.
Pre pandemic, if you added the dividend and the buybacks together you were getting a "yield" of over 7%.
Yes, saw that as well.
A bit of Catch 22 I suppose. As this sp keeps rising then yield drops. I'm not complaining though and long may it continue
Believe it or not, AHT is a dividend aristocrat.
https://www.dailymail.co.uk/money/investing/article-9775559/Can-rake-good-dividends-without-relying-sin-stocks.html
Why isn't it shown in AHT news ?
GOLDMAN RAISES ASHTEAD GROUP PRICE TARGET TO 6,150 (5,400) PENCE - 'BUY'
The deal isn't passed yet....not by a long way. Conditions, conditions !! Reps and Dems hate each other.
Credit Suisse gives AHT sp a target of £60.
The infrastructure deal has been agreed and the sp is starting to move up, as I hoped!
Yes, good news....apart from the Conditional bit. We'll see. Tomorrow might start well for us.....unless there's a spate of profit taking from today. Looking forward to the next few weeks. GLA