We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ashtead Technology Holdings Plc | AT. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 28.00 | 3.35% | 864.00 | 16:35:12 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 826.00 | 826.00 | 869.00 | 864.00 | 836.00 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 16/04/2024 | Final | GBP | 0.011 | 02/05/2024 | 03/05/2024 | 03/06/2024 |
| 03/05/2023 | Final | GBP | 0.01 | 25/05/2023 | 26/05/2023 | 23/06/2023 |
| Top Posts |
|---|
Posted at 25/7/2024 09:31 by zho The government is set to use British seabed owned by the Royal Family to help build windfarms which it hopes will power 20 million homes.It is the first major plan to be announced by Great British Energy, the government's new company aimed at increasing renewable energy which will receive £8.3bn in state funding over the next five years. |
Posted at 24/7/2024 08:38 by bigbigdave Ashtead Technology, a leading provider of subsea technology and services, is pleased to announce the appointment of Brett Lestrange to the position of Chief Operating Officer (COO).As COO Brett is responsible for overseeing and optimising the company’s day-to-day operations, as well as implementing best practices to enhance efficiency and productivity across all of Ashtead Technology. Brett joined Ashtead Technology seven years ago, bringing extensive experience and a proven track record in subsea technology. His expertise and dedication have been pivotal to the company’s success and growth. Allan Pirie, CEO of Ashtead Technology, commented on the appointment: “We are thrilled to have Brett step into the role of COO. His contributions over the years have been invaluable, and his vision and commitment align perfectly with our strategic goals. Brett’s promotion comes at a pivotal time as Ashtead Technology expands its capabilities and market presence. His appointment reflects the company’s commitment to nurturing talent and promoting from within, ensuring continuity and stability.” “I am honoured to take on the role of COO”, said Brett Lestrange.“ I look forward to working closely with our talented team to build on our strong foundation, continue delivering exceptional service to our customers and drive sustainable growth in the years ahead.” Ashtead Technology is committed to delivering high-quality subsea technology and services, supporting customers across the offshore energy sector. The business has expanded rapidly over recent years with eight acquisitions in seven years. It now has a headcount of over 600 people, over 23,000 items in its technology portfolio, and serves its customers from twelve strategic hubs across the globe. |
Posted at 08/7/2024 12:10 by carcosa The new Labour government has announced significant changes to the planning policy for onshore wind energy in England.Committed to doubling onshore wind energy by 2030. The de facto ban on onshore wind in England, in place since 2015, has been immediately removed. Planning policy for onshore wind will now be on par with other energy developments in the National Planning Policy Framework (NPPF). Changes are effective immediately (July 8, 2024) All supportive for AT. business. |
Posted at 19/6/2024 09:05 by sogoesit Good stuff. Bing's Copilot is also worth a look.NB. Page 78 of AR gives 2023's "Europe" Revenue Contribution at 65% and Gross Profit Contribution at 67%. Leaving Americas, FE Asia and Mid East for the rest. UK sole impact, if adverse, may thus be containable if adverse, and less than expected. |
Posted at 19/6/2024 04:48 by johnrxx99 I asked ChatGBT "Do you think Ashtead Technology will be affect by a new labour government in the UK" and it wrote:-The impact of a new Labour government in the UK on Ashtead Technology, a provider of subsea equipment and solutions, would depend on several factors related to the Labour Party's policies and their implications for the sectors in which Ashtead Technology operates. Here are some key considerations: 1. Regulatory Environment Labour Government's Stance on Oil and Gas: If a new Labour government implements stricter regulations on the oil and gas industry, which is a significant sector for Ashtead Technology, this could affect demand for their services and equipment. Labour policies might include reducing fossil fuel reliance, increasing environmental regulations, and promoting renewable energy sources. Renewable Energy Transition: On the other hand, Labour's push towards renewable energy could create new opportunities for Ashtead Technology if the company diversifies its services to support the renewable energy sector, such as offshore wind. 2. Economic Policies Investment in Infrastructure: Labour's focus on infrastructure investment, particularly in green and sustainable projects, could benefit Ashtead Technology if they align their services with these initiatives. Investment in subsea infrastructure for renewable energy projects could drive demand for their technology and expertise. Corporate Tax Policies: Changes in corporate taxation could impact Ashtead Technology's profitability. If Labour increases corporate taxes, this could reduce net profits, although it might be offset by incentives for green technologies and businesses supporting sustainable initiatives. 3. Environmental and Energy Policies Climate Change Commitments: Labour's commitment to tackling climate change could result in increased funding and support for clean energy projects. Ashtead Technology could benefit if it positions itself as a key player in the subsea technology market for these projects. Subsea Technology in Renewables: If Labour promotes the expansion of offshore wind and other marine renewable energy sources, Ashtead Technology could see increased demand for its subsea solutions, assuming they can adapt their offerings to meet the needs of these sectors. 4. Industry-Specific Impacts Oil and Gas Industry: A Labour government may impose stricter controls and reduced subsidies for the oil and gas sector. This could decrease demand for Ashtead Technology's services related to fossil fuel extraction and maintenance. Renewables Sector: Conversely, there may be increased opportunities in offshore wind, tidal, and other marine renewable projects, which could create new revenue streams for Ashtead Technology if they leverage their expertise in subsea technology. 5. Research and Development Incentives Innovation and R&D: Labour may introduce policies to support innovation and research and development, particularly in green technologies. Ashtead Technology could benefit from grants, tax incentives, or partnerships aimed at developing new subsea technologies for sustainable energy. Summary The overall impact on Ashtead Technology would largely depend on the specific policies implemented by a Labour government. While there may be challenges related to stricter regulations on the oil and gas industry, there could also be significant opportunities in the renewable energy sector. Ashtead Technology's ability to adapt and align its services with emerging trends in the energy market will be crucial in determining how it is affected by a new Labour government. |
Posted at 14/6/2024 14:41 by bigbigdave AT. would be set to gain from Labour's proposals, massive decommission work in the North Sea. |
Posted at 14/6/2024 11:23 by chester9 I wonder how much it is fear of labour, which is looking inevitable. Results in sept perhaps a TU might help. They triggered my stop at 7.63 but I was looking to buy back when closer to results.Wait to see post general election. |
Posted at 09/5/2024 04:13 by johnrxx99 Interestingly, on Sharescope, AT. and W7L have the same foreward peg of 1.6. I hold both but AT. is my largest holding. |
Posted at 28/4/2024 17:30 by wilmdav I have now had a closer look at how AT is likely to have arrived at an ROIC figure of 28.6% for 2023.My post 399 above noted that three different formulae provided by Investopedia produce three different figures for the denominator of ROIC. This remains the case but the figures are all in the same rather wide ball park. Having read the Morgan Stanley 44 page article I am going to settle for the following Investopedia definition of Investment Capital, while bearing in mind that the MS article demonstrates how ROIC can be significantly affected by various adjustments that might be necessary. IC = Total assets - cash - non interest bearing current liabilities (including tax and account payables) The denominator is the average of IC over the reported year. This would normally be calculated by adding figures for the reported year and its predecessor and dividing by 2. In AT's case this would be problematic because of the final one month increase of investment in Ace Winches. To calculate the 2023 IC the company appears to have taken the 2022 figure and added one twelfth of the difference between figures for the two years - or something along those lines. However IC for 2024 will be affected by Ace Winches for the whole year. Hence an indication of ROIC for 2024 can be gleaned by simply using the 2023 IC as denominator. During the analyst presentation the company said it was looking for an ROIC going forward of high teens. The numerator is NOPAT (net operating profit (EBIT) after tax). In AT's case they appear to have used adjusted EBITA minus tax, which would be in accordance with Morgan Stanley's advice. AT has conveniently provided a figure for adjusted EVITA of 36.2m. My calculations suggest they have also followed MS advice in adding the interest component of operating lease expense, which brings the NOPAT figure up to 37.4m or 29.9m after deduction of a notional 20% tax. The outcome of all this is an ROIC of 26.9% and around 18% going forward, which is close enough for the purpose of showing the kind of calculations the company is likely to have made. I should add that MS makes a point that companies need some cash in their working capital to operate. They suggest a figure between 2% and 5%, depending on the company's size and maturity. Adding this back would reduce the outcome of ROIC calculations somewhat. The current p/e on 2023 earnings is 24.3 and 21.4 for 2024 earnings. The PEGs are 1.8 and 1.4 respectively. |
Posted at 27/2/2024 15:49 by zho >>For just the combination of the businesses (Winch + AT. Base) I get 34.4 x 22 (P/E) = 756. No growth.>>I would have thought that the eps figures at are likely to be more accurate than those on Market Screener. These are 29.7p for calendar 2023, 37.1p for the current year, and 42.6p for 2025 - decent growth. And if you look at the corresponding figures for AT.'s PTP and then look at the PTP* for Rathmay Ltd (the parent company of ACE Winches) to 3/23 - as suggested by Tudes100, above - you can see why he thinks that the 2024 and 2025 figures for PTP on AT.'s web pages may be unduly cautious. * Pretax profit of £12.2m, post tax profit of £10.3m |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
