Share Name Share Symbol Market Type Share ISIN Share Description
Ashtead Technology Holdings plc LSE:AT London Ordinary Share Ordinary Shares
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  0.00 0.0% 0.00 -
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Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBP

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27/5/200314:48Altracel, for the brave but what a prospect!-
06/2/200213:05AT Trades2

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Posted at 29/1/2023 08:20 by Ashtead Technology Daily Update
Ashtead Technology Holdings plc is listed in the sector of the London Stock Exchange with ticker AT. The last closing price for Ashtead Technology was -.
Ashtead Technology Holdings plc has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 0 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Ashtead Technology Holdings plc is £0.
Posted at 20/1/2023 09:53 by x54v
"Once the dust settles from this week’s placing, I expect Ashtead’s share price to recover strongly, so much so that I am raising my target price from 325p to 375p, still below Numis’ upgraded target of 400p (from 380p). Buy."


Posted at 19/1/2023 16:41 by whittler100
I agree with Carcosa’s comments above.

A few quick scribbles on AT. placings

On the last two secondary placings. July 22 (10m shares placed @ 200p) & Nov 22 (4.8m placed @260p), on both occasions they were placed at around a 14% discount to the previous day’s closing price. Maybe it’s a sign of appetite for AT. that this placing was successful at only a 6% discount to yesterday’s (18/01/22) close price. The 18/01 RNS said “BP Bidco has indicated an intention to sell at least 11m shares”; it rather seems that the appetite for the share was strong as they actually placed 15m shares rather than the 11m; that’s the largest placing by some distance & interestingly at the lowest discount, 6%. Following this sale, BP Bidco will only hold 7m shares = 9% of co; so, the original pair that owned the AT. prior to flotation will be totally out shortly assuming we see another BP Bidco placing in the next few months post-lock-in period. IMO this is possibly a good thing making the stock easier to trade. Note the CEO placed 425k shares (previous to placing held 2.17m) & the CFO 35k shares (previous to placing held 301k)

Note: the CEO has some easy LTIP awards coming his way over the next couple of years 406k (almost matching his placing and the CFO 257k coming her way (IMO already money in the bank as the targets for the awards are in my view easy). So, both the CEO & CFO retain plenty of skin in the game with some LTIP to be awarded shortly.

So, was today a buying opportunity? In truth, who knows but IMO AT. has a touch of right time /right place about the business.

BP Bidco will almost certainly place again in the next few months once past the lock-in; so if AT. is still trading well, possibly another little buying opportunity.

Remember as Carcosa said above, there is no dilution and the number of shares in AT. is currently unchanged plus we should see improved liquidity.

Posted at 16/1/2023 09:29 by whittler100
A very encouraging trading update from AT. Today as the company continues to progress within a rather hot space. Also rather encouraging that AT. seems to be fairly under the radar; happy days but quite possibly still in the early stages of a long journey.
Posted at 12/11/2022 15:36 by tromso1
Thanks for the explanation whittler100. It's good to see JP Morgan buying 5% of the company here. They'll be hoping for a continued rise in the share price as the story unfolds and further statements of material outperformance by the company.
Posted at 10/11/2022 18:33 by whittler100
Looking at the JPM RNS late this afternoon(17:04 on 10/11/2022); it seems that JP Morgan hoovered up the majority of the APIC placing at the discount price of 260p. That’s a very sound quality list of institutions that have built a holding in AT.
Posted at 09/11/2022 16:43 by whittler100
For clarity: The two largest holders in AT. are Blackthorn & API. At IPO they held a fairly massive % of the AT. As often happens after an IPO, some of the original major investing institutions are simply banking a profit. When the pair sold 10m shares back in July 2022, they placed at 200p, today it was 260p. No panic in my mind, just the way big boys work & overall liquidity generally improves as the dominant holders sell some of their holding.

1st placing of 10m shares 05/07/22 @ 200p
2nd placing of 4.8m shares on 09/11/22 @ 260p
Shares in issue remain Const @ 79.6m

Posted at 09/9/2022 04:34 by tenapen

Ashtead Technology Holdings plc

08 September 2022

Ashtead Technology Holdings plc

Retail Investor Presentation

Ashtead Technology, the international subsea rental equipment and solutions specialist, will host a presentation and Q&A for retail investors on Tuesday, 13 September 2022 at 3.30pm BST to discuss the company's half year results, which were issued on 5 September 2022.

The presentation will be hosted on the Investor Meet Company platform and is open to all existing and potential shareholders. Questions can be submitted online in advance or at any time during the live presentation.

To sign up to Investor Meet Company for free and register for the presentation, please click the following link:



Open Day today


Ashtead Technology is hosting an Open Day and Technology Showcase at its Westhill facility in Aberdeenshire on 9th September.

As a fully integrated subsea technology solutions provider, we have significantly strengthened our subsea equipment and services portfolio to support our customers’ evolving requirements.

We invite you to join us on the day to explore our business more and see how we can add value to your projects.

Date: Friday 9th September 2022 (drop in 11am to 3pm)

Location: Ashtead House, Discovery Drive, Westhill, AB32 6FG

Posted at 14/2/2022 12:26 by km18
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

Posted at 21/1/2022 17:12 by hedgehog 100
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):

Posted at 23/11/2021 12:15 by hedgehog 100
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.


· 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:// .

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." ... "

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