bought a few of these a week or two ahead of their Interims - have moved up ever since :-)) but believe there is still some way to go yet - currently 31/33p they go xd on the 26th feb.

I see capital group are still adding - another 2.7 million shares - making 20 million in total or 6.15%



ains

Actually making lots on these - as are several other peeps ..... you really must do some research and read all the posts .... roflol - made hundreds of % on one trade :-))

You never lose do you ainsoph :-))

This share has fallen up to 99% lower than prices you have been
buying at and you still have not lost :-))

I want to buy your book when it comes out and see how it is done !!!

Gravy

ainsoph - 11 Mar'03 - 07:59 - 12 of 101


I can be wrong here but cannot see a lot of mileage in selling at the current 14p .... although the extent of the problem is still to be sorted I would have thought we will will see some M+A activity at these levels .... may well be a buyer this morning - currently 15p with 480K already traded



ains

read the following posts gravy ........ you are a waste of time

Actually you never state you bought anymore after the big crash
ainsoph but then you did make a fool of yourself again and must
have wanted to bury you head in the "line in the sand" :-))

Gravy

grow up

Start telling the truth ainsoph !!!

Gravy

ainsoph - 13 Mar'03 - 15:18 - 34 of 106 edit



Must admit at the time I put a different spin on it and still not sure what is meant ...... with no one answering the phones - guess we wait

Tempted to have a small punt at some time - maybe 100K or so



ains

ainsoph - 09 Apr'03 - 21:24 - 107 of 107




ainsoph - 13 Mar'03 - 15:18 - 34 of 106 edit


Ok, I admit it I'm a lying tit who has been allowed a PC in my cell so I thought I'd try a nd lose you 'freebies' some of your hard earned dough, cos I'm a shit

Going down again today ainsoph :-))

Why no updates ??

Gravy

Evil keen on them (as a short)22.04.03

""Ashtead

I put Plant Hire group Ashtead in the same boat: lets call it the Marie Celeste. Again I have been shorting these shares for about five years from 240p all the way down to today's 6.75p. Indeed I have been adding to my position of late. This company has a horrid balance sheet and has finally admitted to having accounting issues. It survives, for the time being, only with the blessing of its banks. In such circumstances, its equity cannot have any value.""

I seem to recall him closing a while back but note he hasn't made a 100% yet ..... whereas someone going long at the bottom will have cleared several 100%.

The problems are to do with an employee overstating the US profits - unknown to the management. You cannot always legislate against this sort of thing ....



ains

This will help the bottom line ....


Ashtead Group PLC
6 May 2003



Ashtead Group PLC's US subsidiary wins $15m damages award



Ashtead Group PLC announces that the North Carolina Business Court has issued a
ruling awarding its US subsidiary, Sunbelt Rentals, compensatory damages of
US$5m against Head & Engquist Equipment LLC ('H&E'), a competitor in the rental
of aerial work platforms and certain members of its staff. This amount was
trebled to US$15m pursuant to the provisions of the North Carolina Unfair Trade
Practices Act. Sunbelt was also invited to petition the Court for recovery of
its attorneys' fees. The events subject to litigation date back to shortly prior
to Sunbelt's June 2000 acquisition of BET USA when H&E and the individual
defendants executed a plan to develop its aerial work platform rental business
by raiding over 100 staff from the BPS division of BET USA, including two of its
regional managers, six branch managers, and a significant number of branch staff
and using them to open competing aerial work platform rental stores in seven
major markets served by BPS. The defendants have the right to appeal the Court's
decision.

up 6.45% on the news ....


LONDON (SHARECAST) - Beleagured plant hire group Ashtead's US subsidiary Sunbelt has won damages of $15m after successfully suing a rival for taking 100 of its staff and setting up in competition.

An original award to Sunbelt of $5m against Head & Engquist Equipment was trebled to US$15m under the North Carolina Unfair Trade Practices Act, Ashtead said in a statement today. Sunbelt was also invited to claim for its legal fees.

The news will be welcome relief to shareholders from the diet of bad news that has emanated from debt-laden Ashtead over the past year. This culminated in a share price collapse in March when the group temporarily stopped paying interest on its debts after irregularities in the accounts at Sunbelt came to light.

Still ticking up on the good news ..... now 8.25/8.75 on vol of 2.5 million - poor old EK :-))



ains

:27pm (UK)
Ashtead Wins Legal Battle

By Ben Griffiths, City Staff, PA News


Equipment hire firm Ashtead today said its US subsidiary Sunbelt Rentals had won damages worth 15 million US dollars (9.3m) following a court ruling in North Carolina.

The Leatherhead, Surrey-based firm said the business court had made the ruling against Head & Engquist Equipment (H&E), a competitor in the rental of aerial work platforms and certain members of its staff.

Sunbelt was awarded the cash under the unfair trade practices act and was also invited to petition the court for recovery of its legal fees.

The events leading to the litigation date back to shortly before Sunbelts June 2000 acquisition of BET USA where H&E and the individual defendants executed a plan to develop H&Es aerial work platform rental business.

Sunbelt claimed H&E had poached more than 100 staff from BET USA subsidiary BPS, including two of its regional managers, six branch managers and a significant number of branch staff.

These staff were then used to set up competing aerial work platform rental shops in seven major markets served by the BPS division of BET USA.

The defendants have the right to appeal the courts decision.

Ashtead has also been investigating unrelated accounting problems at the Sunbelt division which has seen a senior member of its financial staff suspended after costs appeared to have been understated by 5 million.

No news of the investigation, which is in its early stages, was provided today. Shares rose 10% to 8.5p a 0.75p gain.
s

US seems to like the news ..... up over 19% now on volume of 4.7 million

More big buys going through and over 7 million traded now - up 25.81% and zooming up the all share leader board

looks like a few shorters are having to close - margin calls and all that :-))

Now up 35.48% on the day



ains

Slipped back a little before close .... no surprise there with such a massive move northwards .... good press coverage today and we are on the move north again ....




ains