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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Ashtead Technology - Equipment rental group enjoys three upgrades since last October

June 2023

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:
  • AT.
  • Price:
  • 380p
Ashtead, which listed on AIM in November 2021 at 162p with little fanfare, has been a star performer with forecasts raised not once but three times since last October. The company is a leading provider of rented equipment to the offshore oil & gas industry (69% of FY'22 revenues) and the wind industry (31%), two sectors that are experiencing significant growth. Operating from nine centres worldwide, with Europe (59% FY’22 sales) and the Americas (19%) as the main territories, Ashtead is a one-stop-shop provider of equipment to the oil & gas subsea sector. During design, construction and operation and prior to decommissioning, subsea assets need to be surveyed for any obstacles and unexploded ordnance, understanding ...

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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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