Shovel Ready - Buy Ashtead/Sunbelt Before B Day [Seeking Alpha]
ASHTED GRP PLC UNSP/ADR (ASHTY)
NASDAQ:AMEX Investor Relations:
ashtead-group.com/investorcentre/default.aspx
Company Research
Source: Seeking Alpha
Summary Infrastructure spending has long been weak in the UK and US. That has become a serious hindrance to productivity and economic growth. Political leaders are being cornered and must spend to get out. That will bring strong opportunities for construction related companies. My pick of those is Ashtead/Sunbelt. B Day in Britain is a now "banned" expression that once meant Brexit Day; the day Britain would leave the EU. That day is now in the past (I think but am not sure given the games played over that departure for so long!) so I shall reuse it for now to mean Budget Day - March 11. On that day Britain's Finance Minister - quaintly named the Chancellor of the Exchequer - will deliver the first budget of Britain's new government. Among the key things in that budget will be an increase in infrastructure spending that could be as much as 28%, according to Berenberg. Already UK construction stocks are trading at multiyear highs partly in anticipation of that but I mostly avoid those
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News
- Directors’ Deals: Ashtead chief increases stake as shares struggle [Financial Times (FT.com) (UK)]Financial Times
- Stockpickers: China remains the watchword for luxury goods [Financial Times (FT.com) (UK)]Financial Times
- Ashtead Group plc (OTCMKTS: ASHTY) was downgraded by analysts at The Goldman Sachs Group, Inc. from a "strong-buy" rating to a "hold" rating.MarketBeat
- Ashtead Group PLC (ASHTF) Q2 2024 Earnings Call Highlights: Record Revenues Amid Market Challenges [Yahoo! Finance]Yahoo! Finance
- SUNBELT RENTALS ANNOUNCES PARTNERSHIP WITH THE LEUKEMIA & LYMPHOMA SOCIETY (LLS) TO HELP BLOOD CANCER PATIENTS AND THEIR FAMILIES [Yahoo! Finance]Yahoo! Finance