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Most informative and thought provoking article AllAtSea. I'm thinking buybacks are somewhat immoral.
Looks like a bit of dividend buying this morning.

Company boards must take their investors for morons when they say they are enhancing returns for share holders through buybacks. Ashtead have spent £15M buying back shares since the results in June and the price is lower now than it was then. Who do these buybacks benefit I wonder?
They should either pay more in dividends or pay down their huge debts.
They can fool all of the investors some of the time and some of the investors all of the time but they can't fool all of the investors all of the time.
I am becoming very disenchanted with them

UBS brokers have a "SELL" out on Ashtead today with a target price of £17.
Not very nice.

Brokers very positive after results.. Jefferies says fourth-quarter pre-tax profits came in1% below expectations but increases their target to £27.50. Peel Hunt analysts lift target price to£25., and Numis to £28. Good rise so far today. Thanks Hellraiser :-)

S.P. Performing true to form following results though the dip is deeper than I expected. Could be due to Mr Trump's trade wars. I note its U.S. peers are also well down. It's good to see the dividend has been increased 20% for the full year. Our fantasist seems to have gone quiet for the moment. Hopefully returned to cloud cuckoo land :-) Could you explain your last post AllAtSea. I'm not very well versed in acronyms!

AHT invariably go down on results, no matter how good. I guess there is a lot of profit taking, but they always rise again pretty soon after.

My shares in interserve have fallen from just under 700p to 70p. While I am sure Debbie White is working hard to earn her £650,000 salary, I fail to see why she should also merit a bonus of £270,089. These bonus' for failure infuriate me.

Today's Evening Standard Business interview makes interesting reading; Ashtead chief Geoff Drabble on beating the doubts to become a FTSE 100 giant - one of the biggest companies you've probably never heard of !

Oh dear! Someone touched a nerve did they?

I suspect that FtseMajor is a joker who writes about many shares on different boards under differing aliases and always with great exuberance?

Their year low is 782. So they've nearly doubled. Good trading update today. AHT storming ahead. Will it all end in tears come the results in June?

Matt: MCRO could do well if it manages to turn H.P. around, especially now Elliot Investors have got on board. Trouble is as you say they have already nearly doubled from their low. As for retailers I have had my fingers burnt too often there, but good luck anyway

Sorry Ronjoe. Don't have a link as I got the info. from Hargreaves Lansdown. Hope you got a good price if you sold Matt. I tend to top slice most years then buy back in my ISA when they dip to avoid the CGT. I've held AHT for 15 years. So what are these "interesting opportunities"?

Shares rising today on the back of BoA Merrill Lynch's comments on Friday that Ashtead has particular value as it "has very little to do" with the strength of the UK economy.

Deutsche bank does it again. They mess up there own company then their rubbish analysts mess up everyone elses

Sorry Matt. Forget it. I allowed myself to be irritated by stuff I was reading on another chat page. It's good that AHT is not slavishly following the likes of CAT and URI which have fallen heavily in the last 3 months. Long may it continue. I guess as the share price doesn't seem to be going anywhere at the moment there's not a lot to write about.

I really can't be bothered Disco, but thanks for the link. I just scan the business pages for info.

If you want more noise Matt you could put the cat among the pigeons on a competing web site's chat page where most posters seem to kowtow to one who blinds the rest with garbage.

Trading statement today: annual profit will be in line with expectations, hence the price fall! However most of the trades seem to be buys so onwards and upwards. There is a 2 day presentation in New York today focusing on Sunbelt, starting at 3pm our time which can be viewed on line.

Excellent results followed by the usual fall in the S.P. Not helped I suppose by the resignation of the finance director and the fact that a sale trade for just under �10 million went through after hours last night. Buying opportunity?