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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Ashtead - Equipment rental group enjoys succession of eps upgrades

August 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • AHT
  • Price:
  • 697p
International equipment rental company, Ashtead, is one of the most amazing momentum investing situations we've ever come across. The company, whose main focus is in the United States, has enjoyed at least four upgrades to brokers' forecasts over the past 18 months, which has resulted in pretax profit for the year to April 2013 ultimately increasing 80% to £231.5m against original expectations for just £88m!Ashtead's main business is Sunbelt Rentals (96% operating profit), the second largest equipment rental business in the US, which trades through 38 rental centres in 35 states. It rents equipment that lifts, powers, generates, moves, digs, scrubs, pumps and ventilates - predominantly for specialty contractors, who principally ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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