Ashtead Technology Share Discussion Threads

[johnrxx99] 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 ....

[tudes100] 16/4/2024 07:41

Had a quick look through adjustments and they all look sensible to me mainly acquisition related.

[sogoesit] 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%).

[tudes100] 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.

[johnrxx99] 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.

[sogoesit] 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 ;-))

[johnrxx99] 15/4/2024 09:56

Took a gambol today with a small top up. My usual kiss of death, sorry folks.

[mutley655] 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.

[bigbigdave] 12/4/2024 12:30

Don't think you'll be disappointed next Tuesday TraderGLT.

[traderglt] 12/4/2024 08:33

Just bought a few this morning 1153 @ 780

[bigbigdave] 08/4/2024 12:41

Closing in on 8 smackeroos.

[mutley655] 08/4/2024 09:25

Just a reminder of the last information given about financial performance.As at 31 March 2023, ACE Winches reported gross assets of £55.7m and for the 12 months to December 2023 ACE Winches is expected to generate revenues of c. £43.4m, adjusted EBITDA of £13.7m and adjusted EBITA of £10.0m. Organic growth rates for the enlarged Group are expected to be in line with previous medium term guidance. Pro forma leverage for the enlarged Group as at 31 December 2023 is expected to be less than 1.4x, with the Group de-leveraging to less than 1x by December 2024. Current TradingThe Board continues to be very encouraged by the Group's performance through H2 2023 and now expects FY23 to be comfortably ahead of its previous expectations before taking into account the additional growth from ACE Winches.

[sogoesit] 08/4/2024 07:44

Haha, yes!
Let’s see if it’s a “buy an rumour sell on news” or “sell on rumour buy on news”.
I’m with the latter and looking for surprise to the upside, altho not a seller, I’m a buy on rumour and hold for news!
(I’ve noticed that no analysts have changed their views on the stock for quite some time…. am I right?)

[bigbigdave] 08/4/2024 07:02

At last!
Ashtead Technology Holdings plc (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, confirms it will announce its results for the year ended 31 December 2023 on Tuesday, 16 April 2024.

[sogoesit] 05/4/2024 09:27

Yep, and a pretty chart to boot... deceptive in that the gains, annualised, from January this year exceed 250%pa.
Let's see it do that again this quarter.
GLA

[bigbigdave] 02/4/2024 16:46

Another new high and 8 pounds on the horizon :o)

[solarno lopez] 28/3/2024 12:17

Ticking up nicely

[sogoesit] 27/3/2024 08:27

“Excellence221; that’s what I like to see. A simple word.
Don’t often see it around these days amongst all the ESG garbage!
Someone’s got their management head screwed on right imv.

[bigbigdave] 27/3/2024 07:52

Our corporate video showcases the collective strength of capabilities across the Ashtead Technology group through our three service lines; Survey & Robotics, Asset Integrity and Mechanical Solutions.

Through ACE Winches, Ashtead Technology now provides a market-leading range of lifting, pulling and deployment solutions.

Check out the video

[bigbigdave] 23/3/2024 06:58

I see a short term curve up on the chart and steepening up-trend.

[barneybiggusdickus] 22/3/2024 12:56

Another shake

[solarno lopez] 21/3/2024 11:03

Shake is over

[dicktrade] 19/3/2024 18:19

BBD
I hope they shake it some more as I would buy a load more sub 700

[mutley655] 19/3/2024 16:49

I just checked the daily short spreadsheet. The 0.51% is still there. Above it is a short for Ashtead Group. It would be funny if Glg Partners opened a short against the wrong company.