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Ashtead Group PLC (AHT.L)

AHT.L on London Stock Exchange

2,322.00GBp
16 Aug 2018
Change (% chg)

-4.00 (-0.17%)
Prev Close
2,326.00
Open
2,322.00
Day's High
2,342.00
Day's Low
2,313.00
Volume
978,748
Avg. Vol
1,714,803
52-wk High
2,441.00
52-wk Low
1,542.00

Latest Key Developments (Source: Significant Developments)

Ashtead Says Pricing Of $600 Mln Of Second Priority Senior Secured Notes
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Ashtead Group PLC ::PRICING OF $600M OF SECOND PRIORITY SENIOR SECURED NOTES.PRICING OF AN INCREASED OFFERING OF $600 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.25% SECOND PRIORITY SENIOR SECURED NOTES DUE 2026.  Full Article

Ashtead Says Ashtead Capital Conducting Notes Offering
Monday, 23 Jul 2018 

July 23 (Reuters) - Ashtead Group PLC ::NOTES OFFERING.UNIT IS CONDUCTING A PRIVATE OFFERING OF APPROXIMATELY US $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF SECOND PRIORITY SENIOR SECURED NOTES DUE 2026.INTENDS TO USE NET PROCEEDS OF OFFERING TO REPAY PORTION OF OUTSTANDING AMOUNTS BORROWED UNDER FIRST PRIORITY SENIOR SECURED CREDIT FACILITY.TRANSACTION WILL ENABLE CO TO FIX COST OF FURTHER TRANCHE OF ITS DEBT AT ATTRACTIVE LONG-TERM RATES, EXTEND ITS AVERAGE DEBT MATURITY PROFILE.  Full Article

Ashtead Names Paul Walker Non-Executive Director, Chairman Designate
Tuesday, 26 Jun 2018 

June 26 (Reuters) - Ashtead Group PLC ::DIRECTORATE CHANGE.APPOINTMENT OF PAUL WALKER AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN DESIGNATE AS OF 2ND JULY 2018..APPOINTMENT OF PAUL WALKER AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN.CHRIS COLE, WHO HAS BEEN CHAIRMAN OF ASHTEAD SINCE 2007, TO RETIRE FROM ASHTEAD AT COMPLETION OF THIS YEAR'S ANNUAL GENERAL MEETING.WALKER IS CURRENTLY NON-EXECUTIVE CHAIRMAN OF HALMA PLC.  Full Article

Ashtead Says FY Underlying Pretax Profit Up 21 Pct To 927.3 Mln Pounds
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Ashtead Group PLC ::FINAL DIVIDEND 27.5 PENCEPER SHARE.FY UNDERLYING RENTAL REVENUE 3,418.2 MILLION STG VERSUS 2,901.2 MILLION STG REPORTED LAST YEAR.FY UNDERLYING PROFIT BEFORE TAXATION 927.3 MILLION STG VERSUS 793.4 MILLION STG REPORTED LAST YEAR.FY UNDERLYING EPS 127.5 PENCE.BOARD CONTINUES TO LOOK TO MEDIUM TERM WITH CONFIDENCE.ASHTEAD SAYS "OUR END MARKETS REMAIN STRONG AND ARE SUPPORTED BY CONTINUED STRUCTURAL CHANGES IN OUR MARKET AS CUSTOMERS RELY INCREASINGLY ON RENTAL".CONTINUE TO EXECUTE ON STRATEGY THROUGH ORGANIC GROWTH, ACQUISITIONS, INVESTING £1.2 BILLION BY WAY OF CAPITAL EXPENDITURE IN YEAR."ALL OUR DIVISIONS CONTINUE TO PERFORM WELL IN SUPPORTIVE END MARKETS".ANTICIPATE A SIMILAR LEVEL OF CAPITAL EXPENDITURE IN 2018/19 CONSISTENT WITH OUR STRATEGIC PLAN.  Full Article

Ashtead Says Expect Full Year Results To Be In Line With Expectations
Thursday, 19 Apr 2018 

April 19 (Reuters) - Ashtead Group PLC ::EXPECT FULL YEAR RESULTS TO BE IN LINE WITH OUR EXPECTATIONS..  Full Article

Ashtead Group Says H1 Revenue At 1.9 Bln Stg
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Ashtead Group Plc ::INTERIM DIVIDEND 5.5 PENCE PER SHARE.H1 PRETAX PROFIT 493 MILLION STG VERSUS 413 MILLION STG YEAR AGO.H1 REVENUE 1.9 BILLION STG VERSUS 1.55 BILLION STG IN H1 2016.H1 UNDERLYING CONSTANT CURRENCY RENTAL REVENUE 1.77 BILLION STG VERSUS 1.44 BILLION STG IN H1 2016.SAYS INTERIM DIVIDEND RAISED 16% TO 5.5 P PER SHARE.COMMENCING A SHARE BUY-BACK PROGRAMME OF AT LEAST £500M AND UP TO £1BN OVER NEXT 18 MONTHS.WE EXPECT FULL YEAR RESULTS TO BE AHEAD OF OUR PRIOR EXPECTATIONS.WE WOULD ANTICIPATE THAT ACTIVITY LEVELS WOULD NORMALISE DURING SECOND HALF, POST HURRICANE CLEAN-UP.CAPITAL EXPENDITURE FOR FIRST HALF WAS £708M GROSS AND £649M NET OF DISPOSAL PROCEEDS (2016: £683M GROSS AND £631M NET).AS A RESULT, WE HAVE REVISED OUR CAPITAL EXPENDITURE GUIDANCE FOR FULL YEAR TO £1.2 - 1.3BN AT CURRENT EXCHANGE RATES.GROUP'S RENTAL FLEET AT 31 OCTOBER 2017 AT COST WAS £6.4BN. OUR AVERAGE FLEET AGE IS NOW 30 MONTHS (2016: 26 MONTHS).  Full Article

Ashtead Group Says Chairman Chris Cole To Retire
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Ashtead Group Plc ::ASHTEAD GROUP PLC - BRENDAN HORGAN WILL BE PROMOTED TO GROUP CHIEF OPERATING OFFICER WITH EFFECT FROM 1 JANUARY 2018.ASHTEAD GROUP PLC - CHRIS COLE WHO HAS BEEN CHAIRMAN OF ASHTEAD HAS NOTIFIED BOARD OF HIS INTENTION TO RETIRE FROM ASHTEAD NEXT YEAR.ASHTEAD - A PROCESS IS STARTING TO RECRUIT A NEW CHAIRMAN WITH AIM OF AFFECTING AN ORDERLY HANDOVER AT ANNUAL GENERAL MEETING IN SEPTEMBER 2018.  Full Article

Ashtead Group sees H1 results in line with view
Thursday, 13 Oct 2016 

Ashtead Group Plc : Both divisions have continued to perform well in q2 of current financial year .We expect first half results to be in line with our expectations.  Full Article

UPDATE 2-Ashtead FY profit misses expectations, shares fall

June 19 British equipment rental company Ashtead Group Plc on Tuesday posted a full-year pretax profit that missed market expectations, with rental revenue growth slowing in the final quarter of its fiscal year.