They have many operations around the world, but I can't find any financials giving geographical split.... |
Seems fairly obvious that a ban on new O&G drilling will have a negative impact here, it's certainly going to create uncertainty around the medium term outlook... |
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. |
He needs to prod a bit harder! |
Think we may have a short term bottom in. |
agreed So. London has lost it's mojo and any firm looking at growth will go to NY. However, it gives us a chance to buy and meanwhile wait for news. |
Yes, shame about the lack of faith, or "short-termism", of this London market.
Leastwise, I hope that is the underlying issue... but maybe I'm missing something.
A 20% drop implies a "bear market" correction and I don't see any fundamental cause for that so it must be sentiment or lack of faith (expectation).
I read that, on 06/06, Stifel raised its TP to 900 from 770... hmmmm.
(Rumours that its bigger "brother", Ashtead Group, plan to move its listing to NY). |
They are a good company but no acquisitions for a while to drive future revenues so they look full value. The board hinted at possible purchases but to date nothing. In addition it looks highly likely labour will be in power in 4 weeks time. Not sure that's good or bad news for AT but it is change. No scheduled updates to August. |
Looking well oversold and a great point for a bounce. |
We seem to have reached a point were news is needed. I suspect we will dribble forward for a while as the market waits for IR news. |
Could do with some news, boredom setting in with some investors. |
AGM this coming Thursday, don't usually issue a trading update but who knows? |
Interestingly, on Sharescope, AT. and W7L have the same foreward peg of 1.6. I hold both but AT. is my largest holding. |
Thanks,
Yep, that's low-ball.
The share price growth trend rate from IPO (Dec 2021) to October 2023 was about 50%pa.
It then broke-out and then there was a further displacement upon the ACE Winch acquisition and it consolidated between 01/12/23 and 24/01/24.
The share price then entered a new trend from a low of 572 on 12/01/24 to today at 825. This trend rate is about 200% CAGR. FFS!
Lets also be conservative and by awarding it a PEG of 1 at the old share price growth rate of 50% thereabouts. The forward P/E of 22.5 is thus 0.5 or thereabouts.
Thus significantly undervalued!
The other comparator is W7L which, until 18/04/24, was also in a growth trend rate of 50%.
But on recent results its 18p EPS, up 123% y-o-y, means it now trades, at share price 460, on 25x P/E.
Also undervalued.
But I think AT is the winner here... for the time being. Unless W7L rerates. |
Projected PE 22.5 - Sharescope |
Cheers...
I make all forecasts, consistently approx. 14% pa underlying EPS growth, to be one year adrift. So I make FY24 to be about 40/42p versus 37.6p.
What's the consensus forward P/E... anyone?
What will you pay for this?
I think analysts are low-balling. Still, they're paid and I'm not. |
Updated Analyst Forecasts: |
Someone bought 54,613 shares at 16:35 at 847p |
WOW! What a close! News coming? |
deutsche might just have to revise that figure tomorrow! |
Ok, cheers! |
Thanks for that broker input, carcosa...
QUOTE
"This model helps to drive strong pricing power, margins and returns," said Berenberg, which also issued the stock a 405.0p target price.
UNQUOTE
Can you edit your "405.0p" TP quote, please? |
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