Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ashtead Technology Holdings Plc | AT. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 4.50 | 0.93% | 489.50 | 10:58:05 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 480.00 | 480.00 | 489.50 | 485.00 |
| 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 15/11/2024 12:56 by zho Paul Hill and FM Iain Staples discuss AT. from 25.55 |
Posted at 14/11/2024 11:29 by radderssandy I am a new investor in AT. and will bow to others superior knowledge but I thought the company sounded pretty upbeat, in the September results, regarding the offshore side of the business.Take, for example, the answer to the first question in the Q&A. “As I said, the UK is a market leader in offshore wind. We are encouraged by the government's approach to the offshore wind market. They've increased the target on 2030 from 50 gigawatts to 55 gigawatts. What we would say there, is that the Rystad data that we're showing in these slides is based on 43 gigawatts. So you know, one of the challenges there is, how does the industry react to be able to put that level of infrastructure in play by the end of the decade, but we clearly see that as a growth opportunity for this business and very, very welcome to it”. Slide No.13 is maybe worth a look at. Agree the share price is frustrating, I’m already sitting on a sizeable loss (nearly 17%) and I’ve only been invested since the 24th October. My broker bought them, and for what it’s worth, he is bullish about their prospects. |
Posted at 14/11/2024 10:14 by zho >>Low oil prices = less offshore development due to CAPEX requirements being higher.>>According to a 3/11/22 Simon Thompson article "In the mature oil and gas sector, the focus is on IMR and decommissioning". If correct, wouldn't this mean that AT. would/could benefit from a weak O&G investment environment? |
Posted at 12/11/2024 13:02 by 74tom The market is pricing in the impact of what looks likely to be a sustained period of low global oil prices (Trump's 'drill baby drill' being the final nail in coffin).Low oil prices = less offshore development due to CAPEX requirements being higher. That means less work for AT. Yes, they are somewhat diversified via renewables & decommissioning, but considering the market has been buoyant over the last few years, I think they will struggle to meet / beat expectations. They also have major debt obligations now & the higher for longer rate environment won't help their EPS ambitions. All IMO. |
Posted at 31/10/2024 15:59 by chester9 One persons problem is another's opportunity. Let's see where this drops to with ACE settling in and Seatronics coming on board we are looking at a significant revenue increase, 50% FY24 and 40% FY25. If they make them fit and it works the share price will look very cheap. Stocko has them qualifying for Jim Slater principle always a good sign. Peg 0.7 ROCE 18 ROE 25. |
Posted at 29/10/2024 06:44 by bigbigdave Hopefully get the Budget out of the way and AT. should go north, no matter what tax measures are in it it's the uncertainty which is holding everything back. |
Posted at 29/10/2024 03:22 by johnrxx99 At 51, I would be. |
Posted at 24/10/2024 08:41 by 74tom Nice trade this morning, however this strikes me as a very risky deal.You can review the Seatronics & J2 financial information on companies house; In their last filed accounts, Seatronics stated that 'a landscape of a general increase in the oil price helped the company return to growth' The first listed principal risk is that of a slowdown in the offshore O&G industries due to either falling oil prices or the broader energy transition There is little doubt that the threat of Saudi increasing production in December is weighing on global prices and if oil does fall below $70 there will be a lot less exploration & development work for AT. to go after. Based on this risk, I'm amazed they have parted with £70m for companies producing EBITA of £9m last year. That £70m increase in the RCF also has to be accounted for. In the HY accounts they disclosed that it cost SONIA + 2.25%, so 7.2% at present. So this deal will potentially cost over £5m per annum. And they are also going to spend a further £10m on fleet investment! My guess is the retail investor push will soon die off, hedge funds will update their numbers and this will get pushed back down. If Saudi do proceed with their planned output increase in December then AT. could be in for a challenging 2025/26 IMO. |
Posted at 24/10/2024 06:04 by bigbigdave Ashtead Technology Holdings plc (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, is pleased to announce that it has reached an agreement to acquire Seascan Limited and its subsidiaries (otherwise known as Seatronics), along with its sister company, J2 Subsea Limited (together "Seatronics and J2 "), an international subsea electronics and ROV tooling rental and services business for total consideration of £63m in cash (on a cash and debt free basis) (the "Acquisition"). Seatronics and J2 are owned by Acteon Group Operations (UK) Limited ("Acteon"), which is majority owned by One Equity Partners LLC and Buckthorn Partners LLP. The Acquisition will be funded by a £70m increase in the Group's revolving credit facility ("RCF"). |
Posted at 01/9/2024 14:41 by zho Sogoesit,Yes, AT. is highly rated, but perhaps not quite as highly as you are suggesting. To get a figure for 12 month trailing earnings we could take 4 months from 2023's eps 37.6p and 8 months from 2024's forecast 43.3p to get 41.4p, and a corresponding current PE of 18.8. Working out the growth in the same way gives us 21% for a historic PEG of under 1. The drawback with this thinking is that eps growth in 2026 is only forecast to be 12%, but AT. has a profitable niche, it is acquisitive, and it may be that investors expect forecasts to be raised. Anyway …. interims tomorrow, so we should be a little wiser. |
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
