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I cannot fathom what's going on here. AHT is usually such a star performer. It's main competitor URI is up16% over the last 3 months whereas we had excellent results and are down about 5%
AllatSea- It's not too late to buy back in with minimal loss, this short term loss was related to covid economics and Ukraine conflict,also Stock Market swings, as you know, but if you take a 3-5 year view it's a great share; I bought at about £21 -30 drip feeding, based on a Warren Buffet recommendation, and his mantra was, and is, if an equity has good fundamentals when you buy, then you should ride the ups and downs, which will rise and fall parallel with the market, but the rises will outperform the falls ie stick with it, perhaps sell 10% when very high, buy again at the dips. Buffet also advised buying a business you could understand ie manufacturing of essential items-ie consumer staples, services, cleaning materials, not obscure conceptual companies selling something one cannot fully understand eg Arts, entertainment and recreation, rental and leasing,, Finance and insurance, Professional, scientific and technical services. Less than £50 would be good buying opportunity I reckon......
FINGERS CROSSED
Indeed.
I first bought AHT many years ago at £3.33 and have bought and sold over the years, always holding some. They still make up a large % of my portfolio. Let's hope they get back to £60+
Terrific share, love all those diggers.....champion performance over 2-3 years; keep on digging!
Didnt think anyone else followed this share been a good week so far
First close above 5,500 since mid January
It’s a bloodbath but not just for AHT. My portfolio looks pretty sick. Sold my last AHT first thing and have some cash waiting for a home. Mustn’t rush in too soon..
Doesn’t look like it’s shorted from this https://uk.advfn.com/toplists/free/most_shorted
Frankly I’ve had enough, losses most days on everything I hold, hard to stomach when it’s like this only a handful of shares seem to be doing well oil stocks in particular but even they are going backwards in the last 2 days
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!