Ashtead Technology Share Discussion Threads

[solarno lopez] 04/1/2024 08:23

But why the falling share price ?

[bigbigdave] 16/12/2023 12:07

Citywire, only one UK small cap stock makes their 'Hot Stocks' list, AT. Ashtead Technology AA rated

[sogoesit] 08/12/2023 18:03

Weeellll... 620....that's what my crystal ball said on the original business.

All we need now is for the new acquisition to be priced-in... haha Lol.

[dicktrade] 08/12/2023 16:19

Have the MMs ran out of stock

[bigbigdave] 08/12/2023 16:17

Whoooshhhh!

[solarno lopez] 08/12/2023 08:31

Steady away

[sogoesit] 07/12/2023 16:49

undervalued... ;-))

[dicktrade] 07/12/2023 14:26

and still it keeps rising.

[bigbigdave] 07/12/2023 14:21

But the shareprice ignores the sells :o)

[bigbigdave] 07/12/2023 07:35

Directors selling a few

[sogoesit] 06/12/2023 13:49

Seatronics Ltd find last accounts filing (2022) at Companies House...



2022 turnover approx. £30m.

[bigbigdave] 06/12/2023 08:37

Might get another trading statement mid January.
My subsea industry contact on linkedin saying rumour in the industry is that AT. will buy up their main competitor Seatronics at some point

[bigbigdave] 04/12/2023 10:16

Brokers can't keep up here solarno lopez, AT. miles ahead of current forecasts.

[solarno lopez] 04/12/2023 09:48

And another tickle up bigdave

[solarno lopez] 04/12/2023 07:59

Thank you for bringing that to our attention Big Dave

[bigbigdave] 01/12/2023 09:42

RBC RAISES ASHTEAD TECHNOLOGY PRICE TARGET TO 695 (520) PENCE - 'OUTPERFORM'

[mattafc] 30/11/2023 12:09

Trust the process

[sogoesit] 30/11/2023 12:07

IC implied forward P/E is about 17.5 (and 15.7 at today's sp).
Looking at the company's growth rates this results in a PEG well below 1.00.
So, in my view, 17.5 is still under-rating this stock.

[zho] 30/11/2023 11:13

Yes - well done - that's quite some upgrade by Numis.

++++++++++++++++++

Ashtead's earnings cycle steps up a gear

The offshore energy services group continues to outperform and is making an astute acquisition that has been warmly received

[bigbigdave] 30/11/2023 11:09

bigbigdave21 Nov '23
Trading statement overdue

zho21 Nov '23
>>Trading statement overdue>>
Not necessarily. We received a TU in October 2022 because trading was materially ahead of expectations.

bigbigdave21 Nov '23
Was hoping for another materially ahead zho :o)

Well I got comfortably ahead :o)

[volsung] 30/11/2023 09:56

I’m just a boy who loves a spike

[sogoesit] 30/11/2023 09:52

Over-exuberant, really?
Were not HY23 EBITDA and EBITA figures for AT £21.3m and £15.7m respectively?
And ACE adds how much to that in percentage terms?

A P/E of 13 (Numis) under-rates this stock by at least 50% imv.

Hmmmm....

[volsung] 30/11/2023 08:58

Sold a couple of days ago. FOMO struck and bought back today at a20% premium

[zho] 30/11/2023 08:56

This morning's share price reaction looked over-exuberant to me, but a Numis note appears to justify it:

“... we upgrade our FY23E EPS by 3%, FY24E EPS by 25% and FY25E EPS by 28% ...”

“ On our upgraded forecasts, the shares trade on a FY24E EV/EBIT of 9.8x and a P/E of 13.3x”

Target price raised from 475p to 618p.