Ashtead Technology Share Price (AT.)

The wind down of shorts appears to be accelerating.

It’s nice to see AT to quickly recover back to almost 500. Let’s see if it can sustain this and push on towards a more realistic and appropriate valuation.

.wealthoracle.co.uk/companies/AT.

Ashtead Technology Holdings plc reported a strong set of FY2025 results, highlighting the continued execution of its growth strategy and the benefits of recent acquisitions alongside steady organic expansion. Revenue increased by 21% year-on-year to £203.2 million, supported by the successful integration of the Seatronics and J2 Subsea acquisitions as well as continued activity across offshore energy markets. Organic revenue growth contributed 3% during the year, while acquisitions added approximately 19% to the top line, partly offset by a modest 1% foreign exchange headwind. Profitability remained robust, although the pace of earnings growth was slightly lower than revenue expansion as integration activity and investment continued. Adjusted EBITA increased 17.5% to £59.1 million, producing a margin of 29.1%, compared with 29.9% in the previous year. While this represents a modest 80 basis point contraction, the margin remains toward the top end of the Group’s medium-term targets and reflects management’s focus on higher quality revenue streams and value-added services. Operating profit rose 20.5% to £51.6 million and profit before tax increased 14.3% to £41.2 million, demonstrating continued operational leverage within the business model. Earnings growth remained solid at the shareholder level. Adjusted basic earnings per share increased 9.8% to 49.4 pence, while statutory basic EPS rose 11.4% to 40.0 pence. The Group also maintained strong capital efficiency, delivering a return on invested capital of 22.7%, comfortably above its cost of capital despite a modest decline from the prior year as the business integrates recent acquisitions and deploys additional growth investment. Cash generation and disciplined capital allocation continue to strengthen the balance sheet. Proforma net debt to adjusted EBITDA leverage declined to 1.3x from 1.6x in FY2024, providing increased financial flexibility for further investment, selective acquisitions...

.wealthoracle.co.uk/companies/AT.

Probably just general inefficiency. Everybody knows how crooked markets are. No point in investing if you don’t. Just accept it cos the regulators don’t do much for some reason. Let me think. ,what could that be?

Today’s RNS notified of a new organisation taking a substantial holding in AT - just over 3.8%. But the threshold was crossed in mid-Dec 2025 and the issuer notified in mid-Jan 2026. Why the delay in issuing the RNS today?

Ah forgot to mention that Ashtead was featured in The Times Tempus column as a BUY recommendation.