Ashtead Technology Holdings (AT.)

Sector:

Energy Producers

Index:

FTSE AIM 50

760.00p
   
  • Change Today:
      22.00p
  • 52 Week High: 778.00
  • 52 Week Low: 294.50
  • Currency: UK Pounds
  • Shares Issued: 79.95m
  • Volume: 349,597
  • Market Cap: £607.60m

Ashtead Technology builds on 'strong' H1 results

By Iain Gilbert

Date: Monday 10 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Subsea rental equipment and solutions provider Ashtead Technology said on Monday that it had built on its "strong results" delivered in the first half of the year.

Ashtead Technology stated that it had continued to benefit from "increasing strength" across its geographic markets, resulting in higher cost utilisation and pricing compared to the prior year.

Looking forward, Ashtead highlighted that given its "strong underlying performance", and supported by "the continued positive market outlook" and "favourable exchange rates" across its international business, it now has "increased confidence" in its trading outlook, with it now expecting to "materially outperform" previous expectations for the full year ending 31 December.

Chief executive Allan Pirie said: "I am pleased to report that the strong growth we witnessed in H1 of this year has continued into the third quarter. As a result, the board is confident that we will achieve full-year revenues and profits materially ahead of current market expectations."

As of 1025 BST, Ashtead shares were up 8.43% at 270.0p.





Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

AT. Market Data

Currency UK Pounds
Share Price 760.00p
Change Today 22.00p
% Change 2.98 %
52 Week High 778.00
52 Week Low 294.50
Volume 349,597
Shares Issued 79.95m
Market Cap £607.60m

AT. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.21% below the market average90.21% below the market average90.21% below the market average90.21% below the market average90.21% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
98.86% above the market average98.86% above the market average98.86% above the market average98.86% above the market average98.86% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
79.02% above the market average79.02% above the market average79.02% above the market average79.02% above the market average79.02% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average

AT. Dividends

  Latest Previous
  Final
Ex-Div 25-May-23
Paid 23-Jun-23
Amount 1.00p

Trades for 28-Mar-2024

Time Volume / Share Price
15:45 20,000 @ 751.50p
15:44 10,000 @ 762.00p
16:35 367 @ 760.00p
16:35 60,681 @ 760.00p
16:35 653 @ 760.00p

AT. Key Personnel

CEO Allan Pirie
CFO Ingrid Stewart

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