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Ashtead Technology

January 2024

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:
  • 610p
The shares soared after the group acquired ACE Winches, its largest deal to date, with the £53.5m cash consideration funded entirely by bank borrowings. Established in 1992, ACE runs an equipment rental fleet that predominantly supports the installation, inspection, maintenance & repair and decommissioning of offshore energy infrastructure although like Ashtead it has also expanded into offshore renewables. It has one of the most comprehensive and diverse ranges of back deck machinery, designed to deliver reliable, fully integrated solutions to address all complex lifting, pulling and deployment challenges. Around 80% of sales are outside the UK supported by operations in Norway and sales offices in the UAE and USA. For the 12 ...

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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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