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

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

Heading the all share risers for 2nd day running @ plus 23% or so

dipping today - time for another go soon

Capital Group have added 3 million shares and now have 19 million or 5.828%



ains

Anyone here following Ashtead?

macinvest,

This has been a dog of a share since a BUY recommendation in Shares Mag back in Dec00 @ 135p. Thankfully I only bought a small Qty at the time so held on to them and have since added at 15.9p last June thinking they were about to recover and now pleased to see my overall holding is in profit. AHT share price seems to be recovering well and if growth in Building & Construction sectors in UK & USA continues to pick up then so to will Ashtead.

Ashtead's share price has consistently risen in the last 5days and up today another 7.2%. Could be now in a long upward recovery trend. The share price is now up 88.14% in the last 27 days.

IMO if the share price breaks through 30p (Mid)perhaps we will see the it back upto 50-70p range.

I was watching it all day for it to break that formidable 30p mark, currently sitting on a healthy profit but feel it was trying hard to break through as the buy orders went in and the spread narrowed, no luck today. Still holding in anticipation of it breaking te resistance at the next push. Saw the 1m buy @ 30p at close of business ??

Not such a bad day as I was lucky as sold Peterhouse Group this morning at the peak before it dropped.

Minx