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AT Ashtead Technology Holdings plc

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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 176 to 200 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
DateSubjectAuthorDiscuss
30/11/2023
08:25
Agree on the leak but...
Judging by the price action today, yesterday was just a "small leak"... ;-))

Hopefully on the way to my 620 target by Christmas....

sogoesit
30/11/2023
08:15
Excellent news
solarno lopez
30/11/2023
08:10
We did it big Dave we are through £5
solarno lopez
30/11/2023
07:15
Judging by the price action yesterday reckon this was leaked.
bigbigdave
30/11/2023
07:12
The last paragraph is the most interesting, for sure.
Let’s see how “comforting221; the share price will be!!

sogoesit
30/11/2023
07:05
30 November 2023

Ashtead Technology Holdings plc

("Ashtead Technology" or the "Group")



Acquisition of ACE Winches



Ashtead Technology acquires ACE Winches



Ashtead Technology Holdings plc (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, is pleased to announce the acquisition of the entire share capital of Rathmay Limited, the parent company of ACE Winches, from its founders Alfie and Valerie Cheyne, for a total cash consideration of £53.5m (on a cash and debt free basis) (the "Transaction").



The Transaction will be funded through drawing on the Group's revolving credit facility and is expected to be materially earnings enhancing in FY2024 and beyond, with ROIC materially ahead of the Group's weighted average cost of capital in year one.



About ACE Winches

Established in 1992, UK headquartered ACE Winches is a market-leader in the design, assembly and rental of lifting, pulling and deployment solutions. The company's core offering supports the installation, inspection, maintenance & repair and decommissioning of offshore energy infrastructure which is highly complementary to Ashtead Technology's existing equipment and services portfolio.



Through a combination of its comprehensive rental fleet and 31 years of proven engineering experience and expertise, ACE Winches has built up an unrivalled reputation amongst its traditional oil and gas customers and has more recently seen success in expanding into the offshore renewables market. The company's in-house designed and assembled equipment rental fleet is one of the most comprehensive and diverse ranges of back deck machinery in the industry and is designed to deliver reliable, fully integrated solutions to address all complex lifting, pulling and deployment challenges.



With nearly 80 per cent. of ACE Winches' revenue generated outside of the UK, supported by operations in Norway and sales offices in the UAE and USA, the acquisition offers a significant opportunity for Ashtead Technology to further expand its global offering across its existing international footprint. ACE Winches is Ashtead Technology's eighth acquisition in the last six years and follows the Group's acquisitions of WeSubsea and Hiretech, in 2022.



ACE Winches will form part of the Group's enlarged Mechanical Solutions offering, a core area of focus for inorganic expansion. Gary Wilson, current Chief Commercial Officer at ACE Winches will run the day to day operations reporting to Ashtead Technology management with founder, Alfie Cheyne, remaining with the business as an advisor for 12 months to provide strategic and commercial input through a handover and integration period.



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 Trading

The 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.

bigbigdave
28/11/2023
18:27
AT. under the radar of many Sogoesit
bigbigdave
28/11/2023
18:08
AIM players lack patience imv. I'm sure they have better places to put their cash but I'm not sure.
For example, in a number of recent commentaries on VOX markets I've commented that AT is a good growth story yet noone takes it up as one.
Who knows!
Quality will out eventually.

sogoesit
28/11/2023
16:42
Some chunky sells this afternoon, is that what has been holding us back?
bigbigdave
23/11/2023
06:44
Day one of the Offshore Energies UK Conference in St Andrews and the Ashtead Technology team have had an energising start to the week, meeting with new and existing customers and participating in various discussions, presentations and networking sessions.

We are proud of the role we play in the decommissioning arena and our continued involvement with industry partners and the supply chain to support the sustainable future of this growing sector.

bigbigdave
21/11/2023
18:08
Was hoping for another materially ahead zho :o)
bigbigdave
21/11/2023
16:00
There is a £20bn ten-year opportunity to remove much of the oil and gas equipment from the North Sea, according to the industry's own assessment.

The boom times are already here, but as they gather pace, they will require careful co-ordination with the offshore wind sector, in competition for similar skills.

zho
21/11/2023
10:33
>>Trading statement overdue>>

Not necessarily. We received a TU in October 2022 because trading was materially ahead of expectations.

zho
21/11/2023
08:40
Trading statement overdue
bigbigdave
20/11/2023
13:03
Well the upward sprikes seem to correlate to when l reduce part of my holding!! Its like somebody throws a double six and buys a chunk...........
samenic
20/11/2023
12:20
Very pleasantly surprised by the strength in AT. this morning, no obvious reason news or buying wise but share price has made an intraday high, lets hope it closes no lower and consolidates the breakout.
dicktrade
15/11/2023
08:44
Trying to ram raid 500p once again
solarno lopez
14/11/2023
18:27
Yep, looking good, especially if the whole market turns....
sogoesit
14/11/2023
16:27
Breakout :o)
bigbigdave
31/10/2023
17:36
abrdn 10.1% -> 11.1%
zho
30/10/2023
10:51
Looks like 480 providing a bit of a hurdle TA wise.
A break-above 'tho could send it plus +5-10%. But if it breaks down in this upward triangle a retrace could see 450.
AIMV (TA is not a science, haha!!).

sogoesit
30/10/2023
10:06
Me too and what a nice ride
solarno lopez
30/10/2023
09:41
Hiya SL, no idea just enjoying the ride.
Chunky buys again this morning.

bigbigdave
30/10/2023
09:09
Hi bigbigdave wonder how far this will go
solarno lopez
27/10/2023
16:57
Think that may be a new closing high.
I bought back those that I topsliced recently, the strength here is amazing in a very poor market.

bigbigdave
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older

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