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AT Ashtead Technology Holdings plc

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Ashtead Technology Holdings plc LSE:AT London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% - 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ashtead Technology Share Discussion Threads

Showing 351 to 375 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
DateSubjectAuthorDiscuss
16/4/2024
09:44
Support at 600p
johnrxx99
16/4/2024
09:43
Sogoesit thanks I'm already registered on Invstormeet through TIG and so easy to add AT. Do you think there will be an analyst comment/upgrade before then?
slogsweep
16/4/2024
09:25
@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:

sogoesit
16/4/2024
09:21
For 2023 Actuals Financing Costs looks like the issue.
Up 174% from £1.459m to £4.000m which then hit Net Margin growth.
(CFO : "Net debt increased from £28.7m to £61.7m as a result of the ACE Winches acquisition being funded through the RCF").

If Finance Costs had remained constant, for illustration, Net Margin growth would have been double (i.e. 29% instead of 15%). EPS would have come in at 30p instead of 27p.

At 780p share price the PER is now 29x.
At 655p share price it's 24x.

So, pending further research, for me it's an accumulate.

sogoesit
16/4/2024
09:20
Analysts meeting on at moment may be that will show some light on what accounts actually are telling us. Tried to sign up for investors meeting on 19th but got an error message, anyone else tried?
slogsweep
16/4/2024
08:40
Good to add a few though if your average is 345 though
tomg23
16/4/2024
08:34
Given ACE did 35m rev's & 11m operating profit in 2023 the FY24 forecasts currently in the market look pretty light given organic growth for the FY was +35%. I can understand the sell off given the run up of the last 6 mths but it just looks to me like management are being prudent this early in the new FY.
tudes100
16/4/2024
08:30
Likewise. Just added a few
tomg23
16/4/2024
08:29
Oh, and never catch a falling knife.
johnrxx99
16/4/2024
08:27
Yep, also guidance difficult to fathom... quote:

"The Board is encouraged by the Group's performance in Q1 2024 and our full year 2024 expectation remains unchanged."

If ACE had been a full year Revenue would have been £149m too.
(CFO :"If ACE Winches had been acquired on 1 January 2023 rather than 30 November 2023, full year revenue would have been £149.6m."). That's a 50% uplift on £110m, right there.

sogoesit
16/4/2024
08:26
BBD, they were not in line, doh!
johnrxx99
16/4/2024
08:25
Everyone is using adjusted figures but the ones that count are statutory, I what actually happened.
johnrxx99
16/4/2024
08:20
No still a good company just results a bit difficult to interpret quickly, some think at these prices its a buying opportunity. Ive added a few.
slogsweep
16/4/2024
08:19
No but inline not good enough today it seems.
Should be broker upgrades on the way.

bigbigdave
16/4/2024
08:07
Was there a profit warning in there somewhere?
tomg23
16/4/2024
07:42
Sharescope had stat PBT and EPS as 31m and 29.5p, not adjusted. Anyway, we'll see, I'm not say the figures are bad, they are very clearly not, but in this market ....
johnrxx99
16/4/2024
07:41
Had a quick look through adjustments and they all look sensible to me mainly acquisition related.
tudes100
16/4/2024
07:39
Indeed, but I cannot figure out analyst consensus definitions between EBITDA (analysts) and EBITA (company) and equally “underlying221; EPS (analyst 29.7p) and “adjusted̶1; EPS (company 33.4p)…. amongst other things.
Will have to go back to basics to check as the y-o-y differentials look highly positive (expanding margins albeit admin cost increases tracked revenue increases at 51%).

sogoesit
16/4/2024
07:36
Broker consensus was 29.6p adjusted vs 33.4p actual. Decent broker upgrades coming as FY24 consensus was 37p & with 11 mths of incremental profitability from ACE this would assume the rest of the business is going backwards which clearly doesn't make any sense.
tudes100
16/4/2024
07:03
Misses consensus in pre tax and EPS but in general look ok. share price may take a knock - fingers crossed.
johnrxx99
15/4/2024
10:40
Unfortunately, you're in bad company..... I added some recently at 780...
As big bigbigdave said it would be over ten... "by christmas", was it?

You can't win them all ;-))

sogoesit
15/4/2024
09:56
Took a gambol today with a small top up. My usual kiss of death, sorry folks.
johnrxx99
12/4/2024
12:34
As results are next week I thought this would have been ticking up by now. Hopefully it will take off again when the results are announced.
mutley655
12/4/2024
12:30
Don't think you'll be disappointed next Tuesday TraderGLT.
bigbigdave
12/4/2024
08:33
Just bought a few this morning 1153 @ 780
traderglt
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older

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