Ashtead Technology Share Discussion Threads

[johnrxx99] 21/5/2025 06:16

Trend is the friend at the moment but totally agree well undervalued. Watching.

[mrscruff] 18/5/2025 14:51

Absolutely undervalued on every single matric. It's growing debt has been well managed to provide exceptional growth and is trading at bonkers valuation. YET! the shorts are going up... like another poster mentioned its following the oil price and institutions believe the Energy price has a long way down to go.

The momentum is on the side of the short, but surely it can't go any lower based on valuations. Any reversal in the oil price trend will send this upward violently. Bonkers that I won't be buying, but I should be. Going to regret it if I don't.

[sam_] 12/5/2025 12:25

The markets is roaring so as Brent. This tend to follow the oil price tend so it should see recovery soon. IMO it’s currently undervalued

[pinemartin9] 07/5/2025 16:24

Looks like a return to the 350 area could be in store.

[quick thinker] 05/5/2025 09:41

This was somewhat a market darling the early part of 2024 with the share price approaching around 880-890 by mid-year. It has since dropped to current levels and has since traded between c.475-625, and more typically between c. 475-550. This lack of recent appreciation of the share price almost defies the performance of the business which has delivered consistently outstanding results in recent years. It has 3.9% of shorts (6 different shorts)at the moment and we may not see a recovery until these ease back. I do agree that this is a good business and that the current share price is somewhat cheap and a good entry point.

[zho] 04/5/2025 11:01

Tipped by The Times as a " good entry point into energy markets with exposure to both fossil fuels and renewables" at 476p:



Edit: Apologies - The Times write up was from over a week ago but it's only just appeared on a Moneyweek round-up of tips:

[volsung] 19/4/2025 09:01

Thon boy who sold a couple millions worth last year got it spot on

[freedomexpress747] 26/3/2025 13:19

Pleased price dropped back a bit.Talk of undersea cable cutters in war and grey war, truly evil, but that means more inspection / maintenance the world over. Redundant oil rigs into missile bases??

[zho] 25/3/2025 14:33

Play both sides of the debate with this energy stock

Simon Thompson: Business is booming as the world transitions to greener fuel, while doubling down on oil and gas

[smokeyjohnson] 25/3/2025 09:10

But a massive improvement on last time (2023 results) where the price dropped over 100pts in the first hour (only then recover in the following weeks to ATH). Plenty of lending out of shares going on to muddy the waters. Quite a lot of debt but that was expected. Move to the main market could be interesting but doesn't necessarily benefit the share price.

[bulltradept] 25/3/2025 08:17

muted response from mr market atm.

[zho] 25/3/2025 07:56

The Board is assessing a potential move to the Main Market and will issue a further update following further consultation with the Company's advisors and largest shareholders

+++++++++++

Results presentation in 5 minutes at

[smokeyjohnson] 19/3/2025 17:05

Shorts increasing in the lead up to results. No doubt the elevated leverage will be the negative from the upcoming results.

[smokeyjohnson] 20/2/2025 14:15

This is acting like a proxy for oil intraday, mixed with other influences

Edit - actually no, just getting hammered by the shorts

[croesus45] 18/2/2025 17:02

Yep surprisingly high volumes today not too far shy of 2 million shares changing hands

[smokeyjohnson] 18/2/2025 12:46

Lots of trade at 538 today. Large ones being unwound? Or some sort of position rolling over?

Over 2% of the shares in issue if you trust the volumes. Largest since end of Oct

[riverman77] 05/2/2025 15:59

Yes it's not an asset play by any means and fairly highly geared - this is generally only a problem if earnings fall off a cliff and they need to raise funds but don't see much prospect of that. Of course it works the other way too - higher gearing can turbocharge growth which is hopefully what we'll get here. .

[zho] 05/2/2025 15:00

>>Looks cheap to me given growth prospects.>>

It looks very cheap on a 2025 PER of 11.6 and a PEG ratio of 0.57 but that said, it hasn't got much in the way of asset backing (if anything?) given the debt and goodwill on the balance sheet.

[riverman77] 05/2/2025 13:25

This one is up and down like a yo-yo - shot up to 630p on good trading update, now back at 530p on no news. It has repeated this pattern a few times recently - market evidently can't decide how to value it. Looks cheap to me given growth prospects.

[smokeyjohnson] 28/1/2025 23:06

The gap at 550ish getting close to being closed

[zho] 24/1/2025 08:42

An under-rated company offering robust earnings growth

Simon Thompson: It is raising earnings guidance and expects to deliver 28 per cent earnings growth

[radderssandy] 24/1/2025 07:53

The below is from Citywire’s daily roundup of analyst and fund manager commentary on shares:-

Peel Hunt: Ashtead Tech proving it can deliver

A full-year update from Ashtead Technology (AT) is further proof of management’s ability to deliver strategic and financial progress, says Peel Hunt.

Analyst Andrew Nussey retained his ‘buy’ recommendation and target price of 850p on the subsea equipment rental group. The stock was trading up 12% at 623p at time of writing on Thursday after a 2024 update showed it was trading ahead of consensus and Peel Hunt’s estimates for both profit and cash.

‘Full-year 2024 momentum, ongoing market demand, and record customer backlogs provide confidence that growth will continue through 2025,’ said Nussey.

He said the statement from the company, which provides equipment and services to the energy industry, is ‘yet another proof point of management’s continuing ability to deliver strong strategic, operational and financial progress’.

The analyst added: ‘In our view, the shares offer compelling value and remain a conviction “buy”.’

[croesus45] 23/1/2025 19:42

I would imagine a few short positions were being covered today. The trading update was a definite shot in the arm and so was bring another non exec on board with plenty of industry experience.

[tobyh] 23/1/2025 11:12

A perfect example of focusing on the business and not the price. Mr. Market definitely had a couple mood swings these last few months. Just looking at business performance you'd have been shocked at the price volatility. Never fails to baffle me. Hey ho, that's where opportunities lie.

[eagle eye] 23/1/2025 07:53

The director buy end of November suggested no troubles were ahead.
Looks like a class act.
Well done to everyone at Ashtead Technology :-))