Ashtead Technology Share Discussion Threads

[tenapen] 30/6/2022 07:07

RNS update;

[tenapen] 29/6/2022 19:11

Website Updated;

6th April


29th June

[tenapen] 24/5/2022 15:55

Website Updated;

[tenapen] 23/5/2022 19:28

Website Updated;

[tenapen] 18/5/2022 19:13

Website Updated;

[tenapen] 27/4/2022 19:25

Website Updated;

[tenapen] 19/4/2022 20:46

Website Updated;

[tenapen] 14/4/2022 19:09

Website Updated;

[km18] 14/2/2022 12:26

Ashtead Technologies is regarded as a subsea equipment rental and solution provider for the offshore sector worldwide. As a result, the firm encompasses sub-divisions offering complementary mechanical solutions such are the cases of construction, installations, and maintenance services.   Given these cutting-edge initiatives along with the firm’s diversified funding structure, the solutions provider was able to enhance revenue by 30%, reaching an attractive £55m in sales, ahead of market expectations, hence resulting in higher adjusted EBITDA of at least 10%. Subsequently, the firm is expected to optimise organic growth in 2022, illustrated by P/B ratio of 3.43x. Furthermore, Ashtead Technologies derived a robust P/FCF ratio of 26.1x, signifying that both operating and investing activities are effectively funded by the firm to continue as a going concern while boosting profits....from WealthOracleAM

[robsy2] 22/1/2022 09:08

Thanks. I’ll check out OTAQ

[hedgehog 100] 21/1/2022 17:12

A bullish update from Ashtead Technology this week, together with a 42% rise from its November IPO at 162p (currently 230p).

18/01/2022 07:00 UKREG Ashtead Technology Holdings plc Year End Trading Update

"Strong performance for the full year following successful IPO in November 2021

Ashtead Technology Holdings plc (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, today provides an update on its financial performance for the year ended 31 December 2021.

The Company performed strongly throughout the year, benefitting from improving market conditions across both the Company's offshore wind and oil and gas end markets. Unaudited full year revenues are expected to be approximately GBP55m, up 30% on the prior year and ahead of the Board's previous guidance.

This outperformance was driven by both equipment rental and a higher than anticipated level of new equipment sales in the fourth quarter, driven by customer demand. Equipment rental has seen improved utilisation, and a recovery in pricing from the prior year impact of COVID-19.

The Company's margins were in line with its expectations when accounting for a slightly greater contribution from equipment sales. Accordingly, Adjusted EBITDA is expected to be modestly ahead of previous guidance with Adjusted EBITA comfortably ahead.

Allan Pirie, Chief Executive Officer, said:

"We are pleased with the full year performance which demonstrates the momentum in our business, delivering on what we set out at our IPO. We remain confident that Ashtead Technology is ideally positioned to support energy producers' transition to more renewable sources of energy and benefit from the global investment into offshore wind. We look forward to continued progress through 2022.""




Well done on your profits Robsy.

AT.'s performance bodes well for related company OTAQ this year.

Otaq (OTAQ):

[robsy2] 19/1/2022 08:05

I'm out. Taken a quick profit.

[robsy2] 12/1/2022 20:01

Well this is all going very well!

[hedgehog 100] 23/11/2021 14:01

From AT.'s AIM admission document, 18.11.21 -

"Robust/resilient financial model generating high ROIC
Ashtead Technology’s strategy has driven significant financial growth prior to the COVID-19 pandemic. On a pro forma basisis6, revenue grew from £41.8 million in the year ended 31 December 2017 to £53.6 million in the year ended 31 December 2019, driven by organic growth and expansion into renewable energy services. Despite the impact of the COVID-19 pandemic on trading in 2021, the Group’s business has recovered well and revenue, Adjusted EBITDA and Adjusted EBITA for the 12 months to 31 December 2021 is expected to be not less than £52 million, £21.5 million and £12.8 million, respectively. This represents growth of approximately 23%, 26% and 104% respectively compared to the prior year. On a trailing 12- month basis to June 2021, ROIC has also recovered strongly to 11%, with pricing and utilisation also trending towards 2019 levels."

"6 Assuming all Group acquisitions completed on 1 January 2017"

[hedgehog 100] 23/11/2021 12:15

Current share price 4th. November 2021: 162p
Market capitalisation: £128.9M.


"We are Ashtead Technology, underwater technology solutions experts

Supporting the global offshore energy sector since 1985

Ashtead Technology is a leading international subsea equipment rental and solutions provider for the global offshore energy sector.

Through our three service lines – survey & robotics, mechanical solutions and asset integrity – we provide specialist equipment, advanced-technologies and services to support our customers’ renewable energy and later-life oil & gas projects."




Ashtead Tech Hldgs Placing and Proposed Admission to Trading on AIM
RNS Number : 8670S Ashtead Technology Holdings plc 18 November 2021

"Ashtead Technology Holdings plc, a leading subsea equipment rental and solutions provider for the global offshore energy sector, announces its proposed admission to trading on AIM ("Admission") and its successful placing, conditional on Admission, (the "Placing") of 9,582,000 new ordinary shares (the "New Ordinary Shares") and 22,250,800 existing ordinary shares (the "Sale Shares") of 5 pence each in the capital of the Company (the "Shares") both at a price of 162 pence per Share (the "Placing Price").

The Company has applied for Admission and will publish its AIM Admission Document today. The full terms and conditions of the Placing and Admission will be set out in the Admission Document.

Highlights

· Based on the Placing Price, the market capitalisation of the Company will be approximately £128.9 million on Admission.

· On Admission, the Company will have 79,582,000 Shares in issue and a free float of 40 per cent.

· The Placing attracted strong support from high quality institutional investors.

· The Placing of 9,582,000 New Shares is expected to raise gross proceeds of £15.5 million for the Company. The net proceeds will be used to reduce the Group's indebtedness, providing capacity for the Group to continue its clear and focused bolt-on acquisition strategy.

· The Board is confident that Admission will provide a strong, long-term platform for future growth and allow the management team to deliver low double-digit organic revenue growth augmented by further bolt-on acquisitions.

· Admission and commencement of dealings on AIM are expected to take place at 08:00 a.m. on 23 November 2021 under the ticker "AT.".

· The Company's ISIN is GB00BLH42507 and its SEDOL is BLH4250.

· Numis Securities Limited ("Numis") is acting as Nominated Adviser, Sole Bookrunner and Broker in connection with the Admission.

Allan Pirie, Chief Executive Officer, commented:

"We have been delighted with the strong reception to our IPO from institutional investors. With a market leading position in subsea equipment rental and solutions, we are ideally positioned to continue supporting energy producers as they transition towards more renewable sources of energy and global investment into offshore wind continues apace. As a newly listed company we look forward to further capitalising on these growth opportunities by strengthening our product and service offering, extending our geographic footprint and pursuing further complementary acquisitions." ..."




23/11/2021 07:00 UK Regulatory (RNS & others) Ashtead Technology Holdings plc Admission to AIM and First Day of Dealings LSE:AT. Ashtead Technology Holdings Plc

"Ashtead Technology Holdings plc, a leading subsea equipment rental and solutions provider for the global offshore energy sector, is pleased to announce the admission of its entire issued and to be issued share capital to trading on the AIM market of the London Stock Exchange. Admission will take place and dealings will commence at 8.00 a.m. today under the ticker "AT." and ISIN GB00BLH42507.

The Company's Admission Document is available to view on the Company's website at hxxps://www.ashtead-technology.com/ .

Numis Securities Limited is acting as Nominated Adviser and Sole Bookrunner in relation to Admission.

Allan Pirie, Chief Executive Officer, commented:

"Today marks another exciting milestone in the evolution of Ashtead Technology. As a newly listed company, we plan to continue to grow and strengthen our core business in subsea technology rental and solutions both organically and through acquisition further broadening our range of complementary equipment and services and expanding our geographic presence. We are delighted to welcome our new shareholders and look forward to serving them as we continue to execute our growth strategy." ... "

[zzaxx99] 06/2/2002 13:05

For a SETS stock (a stock traded on the Stock Exchange's automated order book system - usually FTSE100 plus some others), trades will be automatically matched when there are buys and sells at the same price.For example, consider this hypothetical order book segment:BuysSells1000100.251025000500100.25102.2550010000100.0102.251000100099.75102.53711,56998.75103600Here, the highest buy is at 100.25 and the lowest sell is at 102, giving a touch (commonly called the spread) of 100.25-102.While this remains the case, there will be no automatically matched trades. However, say another sell is added, for 500 shares at 100.25p. This will be matched automatically (because the prices match) with the buy at 100.25p and will generate an AT (automated trade) transaction for 500 shares. The order book will now look like thisBuysSells500100.251025000500100.25102.2550010000100.0102.251000100099.75102.53711,56998.75103600If a buyer now comes in, and places a buy for 7000 @ 102.75, this would clear out all the trades at that price or lower, until all 7000 shares had been matched, and will generate a single AT trade of 7000 shares. In this example, it will leave the order book like this:BuysSells500100.25103463500100.2510000100.0100099.7511,56998.75(Obviously if there are more orders on the book than I've shown, they will shuffle up to fill the gaps underneath)That's it, in a nutshell. Slightly simplified, in that it is possible to have AT trades on non-SETS stocks, though they're fairly rare - I'm not sure, but I think this happens when the order book for (some?) MM stocks (which is usually empty/non-existant) has an order placed which is susequently cleared in a similar fashion to the above.Hope this helps (also well worth looking at the examples on the

[jay1981] 06/2/2002 11:52

Can someone help please!!

[jay1981] 06/2/2002 11:29

Could someone please explain in layman terms what an AT Trade is ?

Example:- OFFER 129.00 BID 127.00 MID 128

AT Trade goes through at 127.00...