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
|
|
|---|---|---|---|---|
| -1.00 | -0.21% | 484.00 | 10:09:29 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 480.00 | 480.00 | 489.00 | 485.00 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| 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 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 06/9/2024 10:46 by riverman77 I think part of the problem here is they don't provide any broker notes to private investors (eg on Research Tree) and that in turn leads to all this misunderstanding over expectations. Most small caps now have some research so they really need to address this. |
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. |
Posted at 19/8/2024 06:03 by bigbigdave 19 August 2024Ashtead Technology Holdings plc ("Ashtead Technology" or the "Group") Notice of Results & Analyst and Investor Presentations Ashtead Technology (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, will announce its results for the half year ended 30 June 2024 on Monday, 2 September 2024. Analyst briefing A briefing for sell-side analysts will be held on Monday, 2 September 2024 at 8.30 a.m. BST. If you are a sell-side analyst and would like to join, please email ashteadtechnology@vi Retail investor presentation Ashtead Technology management will also host a presentation and Q&A for retail investors on Friday, 6 September 2024 at 10.30 a.m. BST to discuss the company's half year results. The presentation will be hosted on the Investor Meet Company platform and is open to all existing and potential shareholders. Questions can be submitted online in advance or at any time during the live presentation. |
Posted at 04/8/2024 11:18 by carcosa 'The government is set to use British seabed...'Plenty of existing windfarms already on Royal Family/Crown Estate and there have been plans to extend that for years. Of course the real problem is that last year investors failed to put in a single bid for offshore wind projects in the auction because it was uneconomical to do so. Now tax payers are going to have to stump up billions in subsidies to make it economically attractive. To meet the governments overall goals the vast majority of new offshore wind will have to be agreed in this year's and next year's auctions; which is simply an impossibility. £8.3bn over five years is a drop in the ocean (get it?). More feasible to extend onshore windfarms at a lower cost and accept lower energy generation efficiency. |
Posted at 22/4/2024 06:56 by sogoesit Where some investors see overvaluation ("not exhibiting good valuation metrics") other investors (Growth/Trend valuers) would likely see current undervaluation thus creating arbitrage at the current post-2023 Results "settled price" of 740p.In, and from, a price action Trend price can only move three ways giving each a probability of 33-1/3rd%. Betting favours 66-2/3rd% outwith the Equity Premium. Speculative Sentiment, and short term macro-economic uncertainty, will also create opportunity to both upside and downside mispricing, as recently demonstrated. On a one year Term View the stock is undervalued... significantly imo. |
Posted at 21/4/2024 10:44 by sogoesit Wilmdav..."It is not difficult to find shares in a strong growth trend but I currently feel underequipped to make an independent assessment of such a share's future growth prospects and the extent to which a share price or P/E is justified." True (there are many companies that do exhibit strong growth trends, especially at present). However, the ROIC measure, for me and others, exhibits the strength of management's (historic) performance using in part OUR capital and the leveraging of Debt (WACC). This performance is based on financial and operating skills and judgement of (future) valuation when engaging in M&A and the impact of M&A synergies with its existing business. If Returns are consistent over (historic) time then the probabilities are in favour of that management's performance being consistent in future. Of course the future is unpredictable and management may err or slip-up but investing is a game of probability and not of deterministic certainty. In general one's investing chances of good returns accrue from good management and this is exemplified by companies that have them (eg Steve Jobs/Jony Ive, Tim Cook, Nooyi, Bezos, Wolfson etc.). ROIC measures how well management uses our capital in a domain of risk and return (cf WACC) where we as investors can quickly see the competitive use of our capital and choose to remain or go elsewhere (based on our own cost-of-capital). Always seek and buy good management imv (and spot it with ROIC performance). Here are some high ROIC performers: Inditex (20%+), HSY (20%+), LLY (20%+), MSFT (25%+), PEP (18%), LVMH (14%), Hermes (Paris) (24%), Frasers (12%+), Next (20%+), MPC, AMR etc. P/E is another issue. It is one of valuation of present/past value against market participants' future growth expectations and can be both fickle and volatile. Investors, especially "Value" investors, can get easily confused when judging companies by P/E, especially when looking at historic (TTM) ratios and fall into the trap of not looking at forward valuations. The problem is exacerbated in the UK due to the infrequency of financial reporting (half-yearly, and late, versus US quarterly). The PEG Ratio is therefore the best measure for this imv and the inventor, Jim Slater, wrote about it in The Zulu Principle. His son, Mark Slater, applies the principles in a Fund he manages, The Slater Growth Fund. This fund offers insights to growth company valuation and investing. (NB. Growth company investing should not be confused with Momentum (Trend) investing albeit that when they combine returns do significantly outperform in my experience). |
Posted at 16/4/2024 08:25 by sogoesit @Slogsweep...Yes, following the link in the RNS asks you to authenticate otherwise there is an error message. Go direct to the Investors Meet site, register for free, and then within that site you can register for the meeting. Investors Meet site here: |
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
