lambrini girl
10 Feb 2016
Re: share price approaching nice D/T £10..SELL..<<<nice drop..£8 bit of abounce/pivot but 660 next
Doctor Ian
28 Jan 2016
Re: Price drop "UR numbers hit AHT every time, but then AHT results have come out ahead, probably been taking UR business- let's hope so. Have to wait to 1st March for 3Q results to find out."Spot on, H2.Yet again the analysts have compared a weak company with a strong one and given us (and themselves?) another great buying opportunity. I topped up at 900p today.When you visit the USA it's clear to see that building in most of the states is strong and Ashtead are making the most of the opportunities.Watch out for another analyst's target price of 1400-1500 around early March!
Hydrogen Economy
28 Jan 2016
Re: Price drop UR numbers hit AHT every time, but then AHT results have come out ahead, probably been taking UR business- let's hope so. Have to wait to 1st March for 3Q results to find out.I guess some of the worries about the US economy (and UK to some extent) also dragging SP.Anyway depending on the election results in US there might be some big walls to build- that's got to help plant hire- especially if there are no migrant workers to help! Oh heck. H2.
xyllyxthree
28 Jan 2016
Re: Price drop Missed forecasts from United Rentals
Montman
28 Jan 2016
Price drop Why the big move down today?
II Editor
09 Dec 2015
NEW ARTICLE: Runaway Ashtead worth 35% more " For a lesson in how to survive exposure to the current oil and gas rout, look no further than LSE:AHT:Ashtead. Included in both of Interactive Investor's successful winter portfolios, the firm's diversification toward recovering construction ..."[link]
Hydrogen Economy
02 Nov 2015
US Construction Spend in Sept Beats Counter to the recent downgrade in US 3Q growth and presumably behind the good rise for AHT. Hopefully no more directors will take the opportunity to offload big chunks of shares which gets everyone a bit concerned! H2[link] spending in the US grew at a faster-than-expected pace in September, data released on Monday showed.According to the Commerce Department, construction spending grew 0.6% month-on-month in September, compared with analysts' expectations of a 0.5% gain but slightly below the 0.7% increase recorded in the previous month.Residential construction climbed 1.8%, while non-residential construction declined 0.1%.- See more at: [link]
Hydrogen Economy
02 Sep 2015
results Not so shabby! Happy to have been adding in this dip which seems to be triggered by analysts downgrading on assumed lumping of rental cos instead of spotting the stronger performers. This cycle has repeated several times, Im happy to have topped up again. H2
Hydrogen Economy
14 Aug 2015
Exane BNP Paribas I see my comment re Exane BNP Paribas contradicts Oldjoe's post below, I used the digital look broker views listing - which seems to be wrong in this case, sorry for any disquiet caused- looks like ML are on their own. Happy to be wrong on this one, hope I'm nearer the mark about 2nd Sept.H2
Hydrogen Economy
14 Aug 2015
Merrill Lynch Comment below re Merrill downgrade- based on read-across from competitors. We will see on 2nd Sept 1Q results. This read-across has been made before and AHT outperformed. I expect that continue on strong competitive position, new fleet, increasing number of outlets etc but i could be wrong.Since June the following have issued or reiterated positive viewsCredit Suisse, Stifel, Numis Securities, JP Morgan Cazenove, Charles Stanley, Investec Securities, Panmure Gordon, Credit Suisse, Exane BNP Paribas reversed from outperform on19th June to underperform on 27th July and now ML but we will see.The non-oil US (and UK) economies are still growing albeit gradually, I think that there there is plenty of activity to keep AHT moving so will keep a tight grip on my AHT shares for now.H2. - See more at: [link] shares were dragged lower as Bank of America Merrill Lynch winched down its target price for the equipment rental company to 820p from 1,000p and reiterated its 'underperform' rating.Ahead of the FTSE 250 company's first quarter results on 2 September, Merrill expressed concern about rate pressure from economic data and negative read-across from peers.Data from industry information specialist Rouse reported another move down in its orderly liquidation valuation (OLV) ‘appraisal’ data, implying negative pressure on yield growth, coming after negative comments from a number of peers in the USOn the peer group comments, Merrill pointed out that recent weeks have seen results and comments from a number of peers in the US that point to weakening trends and lower full year guidance. "In particular, United Rentals spoke at a conference on Tuesday and spent most of the meeting discussing weaker market trends and what action it might take to offset headwinds if pressure, particularly from weak oil and gas markets, continued. This included ‘repurposing’ additional circa $60-70m of oil and gas equipment." Merrill also has been tracking Rouse's OLVs data, which has been a lead indicator of the direction of rental rates and in June recorded a seventh sequential monthly decline. On an EV/EBITDA ratio of 5.7 times, Ashtead is at a premium to its historical ratio of around 5.0 and to the recently derated United Rentals ratio of 4.6 times. The target price was cut after margin targets were lowered to 42.5% from 45%, "which we believe is closer to a mid cycle margin, compared to 32% in the last cycle"
oldjoe1
28 Jul 2015
Re: AHT Broker BUY. 27JUL2015Ashtead Group plc 38.9% Potential Upside Indicated by Exane BNP ParibasBY AMILIA STONE BROKER RATINGSAshtead Group plc with EPIC LON:AHT had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ this morning by analysts at Exane BNP Paribas. Ashtead Group plc are listed in the Industrials sector within UK Main Market. Exane BNP Paribas have set a target price of 1300 GBX on its stock. This is indicating the analyst believes there is a potential upside of 38.9% from today’s opening price of 936 GBX. Ashtead Group plc LON:AHT has a 50 day moving average of 1,125.06 GBX and a 200 day moving average of 1,116.67 GBX. The 52 week high for the stock is 939 GBX while the 52 week low for the share price is 8.49 GBX.
Xandru
24 Jul 2015
Re: BoA- ML Downgrade - OVERDONE! Anyone wanting the facts on the Oil and Gas component of Ashtead's Sunbelt Fleet should access the company's website > Investor Centre > Results & Presentations and specifically the Presentation on 27 Jan 2015. Of the Sunbelt total O & G kit is 4% of which 89% is transferable to other activities, or put another way, "Less than 0.5% is unique O & G fleet" (of the Sunbelt total). This downgrade is OVERDONE. I continue to Hold though an opportunity for new investors to get in at this price.
megaloss
24 Jul 2015
Re: BoA- ML Downgrade Oil & gas may not be a big part of their business but a lot of oil & gas sector equipment is pretty generic and used in construction also. I think their main point is that if capital equipment prices soften (in oil &gas sector downturns there are always equipment "fire sales" going on), then the related rental rates will also drop, which may threaten AHT's top line. I sold these at 1156 in early June, they've gone down £2 since, I may buy back if it drops down to 850 but there is a risk there of fairly flat earnings growth over the next year or two IMO..
Hydrogen Economy
23 Jul 2015
BoA- ML Downgrade The article below explains the sudden drop today (which makes on curious about the big drop yesterday also!).I haven't seen a breakdown, but my impression is that oil and gas is not a large part of the AHT customer base which is focused on construction. They have however been making some small acquisitions of late of firms in that sector at (presumably) bombed out prices."In addition, Bank of America cut its earnings per share estimate for 2017 to 92.26p from 98.35 and for 2018 to 95.02p from 104.82p."Current SP puts them on a historic PE of under 16- even with these reduced EPS estimates, the PE drops to 10.7 and 10 in 17/18. Don't sound like a total wash out to me, but we'll see. Holding for now and may add if I can find some sector breakdown for AHT in US. H2Ashtead took a hit on Wednesday after a double downgrade by Bank of America Merrill Lynch, which cut the stock to ‘underperform’ from ‘buy’ and slashed its price target to 1,000p from 1,300p, pointing to a “triple whammy” of worrying trends.“We have become increasingly concerned that the rental rate environment has weakened in recent months and the outlook for further rate growth from the current cyclical peak looks increasing unlikely,” the bank said.Bank of America said its concern was based on the shake-out from the oil and gas slowdown which is having an impact on second-hand values at auction, weaker commentary from United Rentals, and the fact that elevated levels of new equipment in the supply chain could add pressure to Oil Equipment Manufacturing prices and therefore yields.“We believe Ashtead will struggle to make further progress until it can be shown that rate concerns are overdone.”The bank has reduced its yield growth assumptions for 2017 and 2018 from 2% per annum to 0% in both years to reflect the weakening environment in Orderly Liquidation Values and OEM supply chain risks associated with inventory build.In addition, Bank of America cut its earnings per share estimate for 2017 to 92.26p from 98.35 and for 2018 to 95.02p from 104.82p.At 08:15, shares were down 5% at 990.50p.- See more at: [link]
holland44
16 Jul 2015
Re: AHT Broker BUY. From a chartist POV, MACD hasn't been this low in 5 years, and the share price hasn't broken through the 200-day moving average like it did recently for 5 years either.The argument that we are at a low and are about to see a recovery appears to be supported by John Burford's Tramline Trading approach, described in relation to AHT on 13 April at [link] He argued the SP was about to recover, but although it did, its peak didn't go fully up to the upper band of the tramline before it met resistance at the end of May. The SP then fell away, dropped to the 200-MA, rose a bit, then fell again, breaking the 200-day MA. I think Burford would argue that what we have seen since 13 April is yet another A-B-C pattern (see his terminology), and the recent SP of 1025-1030 represents the C bottom mark. Indeed he predicted on 13 April that if the price did fall, it would find substantial support at the lower tramline, around 1020, so if the price now recovers, he is bang on.Therefore, assuming there hasn't been a material change this year in Ashtead's business conditions and strategy, the SP should see a substantial recovery over the next 6-8 weeks back up towards the top of the tramline, i.e. around 1375-1400 as the analysts are predicting.Some optimistic trading news from AHT would help . . .
