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Started: Aeoninvestor, 18 Jun 2024 11:08
Last post: Aeoninvestor, 18 Jun 2024 11:08
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.
Started: mick-b, 14 Jun 2024 21:31
Last post: Insidious, 18 Jun 2024 09:13
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..
Results look OK to me and growth prospects remain strong. Are they good enough for the market is key question.
Started: Kazinga, 13 Jun 2024 17:12
Last post: Aeoninvestor, 14 Jun 2024 15:04
I guess next week's fourth quarter figures are not expected to be good
Most kind, both of you. Thank you.
I think too that LSE's 'Chart' may go only as far as 4.30pm as too many loose ends perhaps misleading ... would have to keep changing it, as with stated amounts bought/sold , volumes etc.
Only one FED interest rate now penciled in following weaker US figures.
The UT trade is the closing auction (always at 16.35) that clears the outstanding order book.
So half are buys and half are sells as Corryvreckan1 posted below.
Drop today was market wide, not specific to AHT. Main contributor seems to be the US macro events (inflation, Fed rate comments) yesterday - bulk of AHT business is US so perhaps disproportionate effect compared to other UK listed companies.
After hours trades are included in the totals in the table, but no trades that this site marks as 'unknown' are ever included there. £18m of that total is the UT so it's not a 'sell', no matter what this site tries to guess, it's buyers and sellers matched together during the closing auction. This site only marked it as a 'sell' because the closing price in the auction was below the spread.
So you can see from the above that the totals in that table should be ignored as they are complete fiction.
Started: Kazinga, 13 Jun 2024 16:56
Last post: Kazinga, 13 Jun 2024 16:56
-4.24% mostly since US opened? Does anyone know why, please? Results 18 June I believe.
Started: Varnish, 8 Jun 2024 17:55
Last post: Taverham, 10 Jun 2024 07:29
Will sp rise in light of press report? I doubt it but live in hope!
Interesting. Thanks for that Varnish. AHT share price always follows URI anyway.
Telegraph reporting that Ashtead are at early stage of considering switching it’s listing.
Last post: Aeoninvestor, 17 May 2024 20:29
Like Icarus it got too close to the sun.
Big downer and this just after big broker upgrades.....for whatever that's worth! Ho hum
WOT ? ....happened now? 1 step forward, 2 steps back. Frustrating ?oh yeah. 🫤
Started: Aeoninvestor, 1 May 2024 21:13
Last post: Aeoninvestor, 1 May 2024 21:13
Doesn't look as though the presentation in Atlanta went down too well 😕
Started: YamR1man, 1 May 2024 09:45
Last post: YamR1man, 1 May 2024 09:45
...I see URI took a battering yesterday so it was expected somewhat here today. Ah well, nothing goes up in a straight line.
Started: Aeoninvestor, 26 Apr 2024 09:50
Last post: Aeoninvestor, 28 Apr 2024 20:52
Seems most people on here are long term holders. I bought my first ones for 44p in 2002 followed by 2 rights issues at £1 and 95p. Unfortunately I panicked when they slumped in 2020 and sold thousands at £14.50. At least I put a little of the proceeds into Rolls Royce at 95p
Aeon...I used to trade these when they were £1.50. Sold up around that time and took a break from dealing altogether. If only I'd kept them. DOH!
Anyway, got back in in the 30's so not complaining too much. GLA
I first bought AHT at £3.33 and been a holder ever since. I've sold a few, bought a few, but they just seem to have done well. Happy to keep holding for now
New high for this year but having held them for over 20 years I've seen AHT at £65+
And flying.....
Started: YamR1man, 24 Apr 2024 22:46
Last post: mick-b, 26 Apr 2024 09:36
HSBC raises Ashtead to 'buy' - price target 6,600 pence
New high....5952p
URI ...Up 5% after hours in US.
Might promote AHT in the morning....?
Started: Kazinga, 23 Apr 2024 21:14
Last post: Kazinga, 23 Apr 2024 21:45
Humblest apologies - the Legal and General RNS about Voting Rights was to do with DARK.
I'll get back in my box.
Legal & General Assurance reducing no. of voting rights? Regret I cannot find that info again to check.
Another rapid increase of about 2% starting at 2:30pm. Sold value nearly 4 times that of bought value. Does anyone know of any possible reasons?
Started: Kazinga, 10 Apr 2024 15:56
Last post: mick-b, 10 Apr 2024 17:00
Hotter US inflation reported hence sudden drop.
Strange spike to 5912 gives a new high.
A good climb this a.m. followed by a 4% drop in an hour after 2p.m. Have they cleared the 19.4 m shares from KKR yet, I wonder?
Started: Kazinga, 9 Apr 2024 17:35
Last post: Kazinga, 9 Apr 2024 17:35
Or could the UT(both buy and sell?) trade: 09-Apr-24 16:35:20 5,742.00 236,738 Buy* 5,734.00 5,736.00 14m UT relate to the c. 2:30pm fall on the daily trade graph today?
Started: Kazinga, 9 Apr 2024 17:15
Last post: Kazinga, 9 Apr 2024 17:15
Could this behaviour be profit taking, or the latter time NY opening, or ...?
Started: YamR1man, 20 Mar 2024 10:02
Last post: mick-b, 9 Apr 2024 12:50
NEW yearly high today.
Must be a take-over prospect.
Hope so.
As usually talked about....URI still climbing steadily in the US.
Blimey, that's better. Reason.... ?
Blimey, that's better. Reason.... ?
Up 4.9%.
Takeover speculation?
Started: YamR1man, 5 Mar 2024 12:49
Last post: schwee, 7 Mar 2024 14:23
GS must have some AHT shares to sell, or they have been at the bottle.
Goldman Sachs raises Ashtead Group price target to 6,750 (6,550) pence - 'buy'
Super 2-3 year chart wish I'd bought at 3500, look at all road building and house building sites, I will buy 10% of holdings again at 4500 and offload 10% at 6000, what a great company...
Tail spinning now
typical
Be interesting to see what happens when US opens.
Started: Aeoninvestor, 6 Dec 2023 10:12
Last post: YamR1man, 1 Mar 2024 12:41
Agree with all points made.
Ref' USA.... Yes, and quite a few companies looking at either dual listing or a total move to USA this year and worth pursuing. Of course, as usual, plenty of doom sayers saying it's all lining up for a crash and others saying opposite! Again, crystal ball please. ;-) Have a great weekend
Yam, the share continues to go from strength to strength and that is because it trades in the usa predominantly. If I look across my pf the only shares doing well are international/usa focussed. The UK are all doing very badly and when I look at our country I can see why. We are becoming a basket case it seems !
Taverham..... you timed your top up well last month. Well done. I must get my @$$ back in gear and trade more. Ive got lazy lately. At least my profits are still increasing with this reliable company. It's been a strain lately...as with most equities. Also, as we know, when interest rates decline people will be willing to 'gamble ' on stocks. Future beckons. GLA
Aeon, I think the announced change in reporting in USD is the first step in re listing in USA.
The mere suggestion that TUI might delist from the LSE sends the shares up 10%.
AHT makes about 90% of its profits in the U.S.
Just a thought.
Started: stargate, 8 Dec 2023 17:39
Last post: stargate, 8 Dec 2023 17:39
Transport sector price pivot break today , is bullish. AHT, price history is volatile, meaning that evidence of the sp, finding support above 5000, might be advisable, before taking a position in the equity. I notice that the chart indicator Williams%R, on a weekly bar chart , seems to provide quite good indication of when to buy, or sell, on AHT. Like any technical indicator, interpretation , is the key. Generally the lower level is oversold and the higher level is overbought .
Week commencing 27th Nov.
Started: YamR1man, 20 Nov 2023 10:21
Last post: Kubrick, 20 Nov 2023 14:56
Clear overreaction. will bounce.
1 step forward, 2 ...make that 3 steps back. Groan!
What forecast did I make?
Topped up with another £2k - drop way overdone for one off factors imv.
Your post on 15th Pott must rank as one of the worst ever for accurate forecasting.
It buys companies upon companies, building up debts, foggy accounting. Always an accident waiting to happen.
Rubbish update today which will affect sp in short term. Next year should be great so fingers crossed the market will see that the strike and disaster reductions are one offs.
Started: stargate, 11 Oct 2023 01:16
Last post: stargate, 11 Oct 2023 01:16
Sp, Bullish pivot break today . Unfortunately there is overhead supply from volume trading between 5060-5090, which would be expected to absorb volume from any attempt to push the equity higher.
Last post: YamR1man, 5 Sep 2023 11:37
Hi Taverham. Public spending is no problem for governments. After all, it's only the publics money they're spending innit. Lol. Moving tax payers money to the wealthy. Keep telling my kids to find a niche where it's gov funded and they will prosper. Am I getting too cynical...or too old. Oh yeah, it's both ;-) have fun guys x
Yam, the positive story for Uk is that it has two sectors with great companies, oil and gas and house builders. Both are so good at cash generation they are being milked by the government to pay for out of control public spending, hs2 being best example. The dearth of investors is caused by the treasury and the mobs who want us to return to the stone age.
Another normal day in this dismal country. I briefly saw a story yesterday about how this
'government ' wants to change things to encourage equity investing...HA ! Why I ask? ......so they can remove more money from our pockets? We're also told how gdp was better than ever over the last few years. It's so much better than other countries. And yet the bank of england wants to increase interest rates to reduce money in circulation. ..because there's too much of it around. Tax revenue flying up but nobody's feeling the country's wealth. What a dreadful future for my kids and grandkids to look forward to.
Oh dear, I seem to have had a meltdown, LOL. Come on, guys, tell me something positive
Another block buster quarter . This company is one of the best and the UK operations have become almost a footnote which is what the UK has sadly become.
Great results sp could climb further as outlook also positive.
Started: Nigel50, 5 Sep 2023 09:54
Last post: YamR1man, 5 Sep 2023 11:26
Dedino, hope you bought earlier cos you'd be 6% up by now.....and maybe more as the day progresses. I gave up trading a while ago but maybe I should make the effort again. Lazy punters don't make it. Good luck all. Off to golf, lol
Sell on news and buyback after the drop, great company
Reuters reported
Ashtead Group's shares (AHT.L) fell 5.2% to the bottom of FTSE 100 after the company lowered its annual UK rental revenue growth forecast, citing softening market conditions
How much business is in the UK, 5% ?
In the US where they do 90% (I think) of their business, much brighter picture. Mega projects.
So why did the price fall ? Do people just read one sentence and ignore all the rest ?