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

Two trades before the premarket session and marked down nearly 50% as the mm's open in pre market trade


ains :-((

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

Ainsoph

That's wishful thinking and only reading the good points from the trading statement.

The market is all about people taking opposing views ...... I posted the complete statement - you then made a comment that was untrue - I emphasised those points that proved your comment was untrue.

I play with my own money and on paper lost a little less than half a unit by the shares halving .... most of this was profit.

There is no point in looking back to where we have been - I am looking forward and kept all my options open. I may have sold - I may have sold and bought back at a later time - I may have averaged down.

I call things at the time and decided to hold as the best bid was 14p and I may decide to buy a few - currently 13.75p.


ains

Falling now as what looks like shorters start to come in ...... suits me - they have to buy back at some time ..... now 11.5p to buy and down 61% on 2 million shares traded


ains

Tut tut tut, good one Ains!

What watchlist candidates have you got at the moment Ains, cos I'm running out, theres just too many good shorts, and i want to diversify and hedge meself with a few longs. What r u thinking of?

ainsoph,

What comment was untrue!!!

sorry I dont have the time or inclination for this .... If I buy I will say as and when

Trader ainsey,

how do you do it? What a track record!

F

03/11 10:21
Ashtead Shares Fall 62% on Accounting Error in U.S. (Update1)
By Chris Collins and Angus Whitley


London, March 11 (Bloomberg) -- Shares of Ashtead Plc, the fourth-largest U.S. equipment-rental company, fell by as much as 62 percent after it said an accounting error may have inflated profit by as much as 5 million pounds ($8 million) over two years.

Costs at the Sunbelt Rentals unit may have been misstated by 2.5 million pounds in the year ended April 2002 and by the same amount this fiscal year, Ashtead said in a U.K. Regulatory News Service statement after markets closed yesterday.

Ashtead shares were down 17.75 pence at 10.75p at 9:14 a.m., valuing the company at 34.7 million pounds.

``Some Ashtead investors have lost so much money they don't know whether to exit now or hold on,'' said Nick Walker, an analyst at Evolution Beeson Gregory, who earlier today cut his rating on the stock to ``sell'' from ``underperform.''

The employee who admitted to the error has been suspended, the company said. Leatherhead, England-based Ashtead is ``reviewing'' whether the discovery affects agreements with lenders.

Ashtead also said it expects group profit in the current year to be ``well below'' analysts' expectations. The forecast doesn't include any potential accounting restatement, it said.

Pretax profit this year will probably be cut to 10 million pounds from 22 million pounds because of the accounting error and a weaker trading performance in the U.S., Walker said. The misstatement is ``a surprise,'' he said. ``Prior to this, Ashtead's problems had been in the U.K., with the U.S. performing reasonably well.''

LOL t****r!

indeed you are .... but I wouldn't worry .... no one cares

I thought we were supposed to be winning the war...

Guess the markets haven't cottoned on to that idea yet ..... I hope they do - soon

are you into this one ains. if so i`ll get some, they are very cheap,

hack,hic,splatter, cockroach, humph

MIDGE

Hey ains, I just checked the price on these, they are 8p to buy did you not say you bought them at 22p, surely you can`t have lost on them,

hack,hoc, splutter, cockroaches, heheheh,splat


MINGER

Ainsoph

Are you bankrupt yet..........you have not answered the question.



ainsoph - 07 Jan'03 - 22:01 - 119 of 255


Why would I sell out - you goodfellas are such losers ..... lol


I think there are some t trades in there dart

Some you win ..... and some you lose ...... It seems sad that a company can be brought to it's knees by a single 'misgided employee' but guess that's the times we live in .....


03/13 07:48
Ashtead Will Default on Its Senior Bank Facility From Today
By James Regan


London, March 13 (Bloomberg) -- Ashtead Plc, a U.K. equipment- rental company, said it will default on its senior bank loan facility later today following an accounting failure at its Sunbelt Rentals Inc. U.S. unit.

Ashtead has decided not to make the interest payments due today under the facility, the company said in a Regulatory News Service statement.

``A meeting of the bank group will be called at the end of next week to review the position, with a view to developing a proposal to resolve the situation,'' the company said in the statement.

The company said two days ago that an accounting error at its U.S. division may have inflated profit by about 5 million pounds ($8 million) over two years. It said costs at Sunbelt may have been misstated by 2.5 million pounds in the year ended April 2002 and by the same amount this fiscal year.

``The group remains strongly cash generative producing net free cash flow -- after capital expenditure and interest charges -- in the third quarter,'' Ashtead said.