Ashtead Technology Share Discussion Threads

[zho] 25/7/2024 09:31

The government is set to use British seabed owned by the Royal Family to help build windfarms which it hopes will power 20 million homes.

It is the first major plan to be announced by Great British Energy, the government's new company aimed at increasing renewable energy which will receive £8.3bn in state funding over the next five years.

[bigbigdave] 24/7/2024 08:38

Ashtead Technology, a leading provider of subsea technology and services, is pleased to announce the appointment of Brett Lestrange to the position of Chief Operating Officer (COO).

As COO Brett is responsible for overseeing and optimising the company’s day-to-day operations, as well as implementing best practices to enhance efficiency and productivity across all of Ashtead Technology.

Brett joined Ashtead Technology seven years ago, bringing extensive experience and a proven track record in subsea technology. His expertise and dedication have been pivotal to the company’s success and growth.
Allan Pirie, CEO of Ashtead Technology, commented on the appointment: “We are thrilled to have Brett step into the role of COO. His contributions over the years have been invaluable, and his vision and commitment align perfectly with our strategic goals. Brett’s promotion comes at a pivotal time as Ashtead Technology expands its capabilities and market presence. His appointment reflects the company’s commitment to nurturing talent and promoting from within, ensuring continuity and stability.”

“I am honoured to take on the role of COO”, said Brett Lestrange.“ I look forward to working closely with our talented team to build on our strong foundation, continue delivering exceptional service to our customers and drive sustainable growth in the years ahead.”

Ashtead Technology is committed to delivering high-quality subsea technology and services, supporting customers across the offshore energy sector. The business has expanded rapidly over recent years with eight acquisitions in seven years. It now has a headcount of over 600 people, over 23,000 items in its technology portfolio, and serves its customers from twelve strategic hubs across the globe.

[zho] 18/7/2024 10:22

The new Government wants to quadruple the nation’s offshore wind capacity ... this decade. This is equivalent to scaling the UK’s generation capacity for offshore wind to around 60GW.

[bigbigdave] 16/7/2024 09:19

Wants to test the May high imo

[sogoesit] 15/7/2024 12:43

On a TA basis the price reaction from the V sell-off should take the rally to 1000+.

But we all know TA is a "load of rubbish"... still, ya never know!

[johnrxx99] 09/7/2024 10:16

London-listed developer SSE and its joint venture partner APG have confirmed they will move forwards with a project to build what will become the biggest offshore wind farm in the North Sea.

[carcosa] 08/7/2024 12:10

The new Labour government has announced significant changes to the planning policy for onshore wind energy in England.

Committed to doubling onshore wind energy by 2030.

The de facto ban on onshore wind in England, in place since 2015, has been immediately removed.

Planning policy for onshore wind will now be on par with other energy developments in the National Planning Policy Framework (NPPF).

Changes are effective immediately (July 8, 2024)

All supportive for AT. business.

[johnrxx99] 04/7/2024 07:13

Glad I did.

[solarno lopez] 03/7/2024 09:07

Plus a double bottom !

[sogoesit] 03/7/2024 08:57

Oooff... 30% quarterly volatility to manage on this one.
Not easy.

[johnrxx99] 27/6/2024 07:19

I suspect the latter - RSI well down. Good topup op.

[bigbigdave] 26/6/2024 16:34

Eh up, news coming or just oversold.

[sogoesit] 20/6/2024 09:30

Haha... yes! ;-))

[villarich] 20/6/2024 08:57

Copilot has just been rolled out where I'm currently working. I must say I'm very impressed. My only criticism is it seems to assign more actions to me than I thought I took in meetings :-)

[villarich] 20/6/2024 08:55

I topped up this morning. The story hasn't changed for me and given the projected landslide victory for Labour, this will be priced into the markets. Recent price weakness meant this felt a good place for the spare cash in my SIPP

[sogoesit] 19/6/2024 09:05

Good stuff. Bing's Copilot is also worth a look.

NB. Page 78 of AR gives 2023's "Europe" Revenue Contribution at 65% and Gross Profit Contribution at 67%. Leaving Americas, FE Asia and Mid East for the rest. UK sole impact, if adverse, may thus be containable if adverse, and less than expected.

[johnrxx99] 19/6/2024 04:48

I asked ChatGBT "Do you think Ashtead Technology will be affect by a new labour government in the UK" and it wrote:-

The impact of a new Labour government in the UK on Ashtead Technology, a provider of subsea equipment and solutions, would depend on several factors related to the Labour Party's policies and their implications for the sectors in which Ashtead Technology operates. Here are some key considerations:
1. Regulatory Environment

Labour Government's Stance on Oil and Gas: If a new Labour government implements stricter regulations on the oil and gas industry, which is a significant sector for Ashtead Technology, this could affect demand for their services and equipment. Labour policies might include reducing fossil fuel reliance, increasing environmental regulations, and promoting renewable energy sources.
Renewable Energy Transition: On the other hand, Labour's push towards renewable energy could create new opportunities for Ashtead Technology if the company diversifies its services to support the renewable energy sector, such as offshore wind.

2. Economic Policies

Investment in Infrastructure: Labour's focus on infrastructure investment, particularly in green and sustainable projects, could benefit Ashtead Technology if they align their services with these initiatives. Investment in subsea infrastructure for renewable energy projects could drive demand for their technology and expertise.
Corporate Tax Policies: Changes in corporate taxation could impact Ashtead Technology's profitability. If Labour increases corporate taxes, this could reduce net profits, although it might be offset by incentives for green technologies and businesses supporting sustainable initiatives.

3. Environmental and Energy Policies

Climate Change Commitments: Labour's commitment to tackling climate change could result in increased funding and support for clean energy projects. Ashtead Technology could benefit if it positions itself as a key player in the subsea technology market for these projects.
Subsea Technology in Renewables: If Labour promotes the expansion of offshore wind and other marine renewable energy sources, Ashtead Technology could see increased demand for its subsea solutions, assuming they can adapt their offerings to meet the needs of these sectors.

4. Industry-Specific Impacts

Oil and Gas Industry: A Labour government may impose stricter controls and reduced subsidies for the oil and gas sector. This could decrease demand for Ashtead Technology's services related to fossil fuel extraction and maintenance.
Renewables Sector: Conversely, there may be increased opportunities in offshore wind, tidal, and other marine renewable projects, which could create new revenue streams for Ashtead Technology if they leverage their expertise in subsea technology.

5. Research and Development Incentives

Innovation and R&D: Labour may introduce policies to support innovation and research and development, particularly in green technologies. Ashtead Technology could benefit from grants, tax incentives, or partnerships aimed at developing new subsea technologies for sustainable energy.

Summary

The overall impact on Ashtead Technology would largely depend on the specific policies implemented by a Labour government. While there may be challenges related to stricter regulations on the oil and gas industry, there could also be significant opportunities in the renewable energy sector. Ashtead Technology's ability to adapt and align its services with emerging trends in the energy market will be crucial in determining how it is affected by a new Labour government.

[sogoesit] 18/6/2024 14:47

No kidding Wilmdav... read the first line of my post yet ;-)))?

[bigbigdave] 18/6/2024 14:16

Only thing they have in common is they both Hire equipment out otherwise completely unrelated.

[johnrxx99] 17/6/2024 09:25

Will they won't they pull the plug? Labour will want to keep the Scottish on side if they do well there. No new licenses is not a big deal but as no party, other than Green, has a big green agenda I don't really understand the panic here.

[bigbigdave] 14/6/2024 14:41

AT. would be set to gain from Labour's proposals, massive decommission work in the North Sea.