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Ashstead Group - a time to buy? (AHT)     

ainsoph - 10 Feb 2003 14:25

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

ainsoph - 20 Mar 2003 08:17 - 65 of 129

Still recovering - quite a few early morning buys - now 8/8.5p - staying with mine :-))



ains

quidnunc - 20 Mar 2003 08:43 - 66 of 129

ains , you have the Midas touch, I will follow your lead on this one for sure.
I have just bought 121 ,918 of them

Q

quidnunc - 20 Mar 2003 09:05 - 67 of 129

TOO GOOD TO MISS , JUST NEGOTIATING ANOTHER 149,000

ainsoph - 20 Mar 2003 09:34 - 68 of 129

Another two ticks up as vol hits 3 million - now 8.5/9p



ains

quidnunc - 20 Mar 2003 09:38 - 69 of 129

I got the number I wanted , but had to split into several small chunks to get the touch price, now hold 0.75m of these, and may add more later. We are going to clean up on these ains, well done.

ainsoph - 20 Mar 2003 10:21 - 70 of 129

now up 12.5% on the day with over 7 million traded ..... looks like good news is on it's way



ains

ainsoph - 20 Mar 2003 10:52 - 71 of 129

Over 11 million shares traded now - still up over 9% but off the intraday high - should start moving north again after the expected profit taking has ended - now 8.5/9p



ains

ainsoph - 20 Mar 2003 11:54 - 72 of 129

Looks like the profit taking is over now ...... 13 million traded - 8.5/8.75p




ains

quidnunc - 20 Mar 2003 13:18 - 73 of 129

I think a little back-sliding may happen today/tomorrow, possibly down to 8p mid, prior to a boom up to 20p in a month or so.
I am happy with ains to hold my 3/4 million, and will make that up to a million or more ,if the price does fall to this level.

ainsoph - 20 Mar 2003 14:02 - 74 of 129

As I suggested - we are ticking up again - 8.85/9.25 14 million traded


ains

quidnunc - 20 Mar 2003 14:08 - 75 of 129

Oh, I was wrong ,good old ains, is he ever wrong?
My first batch are up seven and a half % already, yahoo.

ainsoph - 20 Mar 2003 23:44 - 76 of 129

March 21, 2003

By Nick Hasell

Bid speculation fuels interest in Ashtead



ASHTEAD GROUP continued to rally off last weeks low amid talk that the troubled, plant-hire operator has attracted a new venture capital bid approach.
The shares collapsed 83 per cent last week after Ashtead followed the admission of accounting irregularities at its US Sunbelt Rentals subsidiary with the revelation that it had defaulted on its banking facilities worth an estimated 230 million. Today, the company is due to meet its lenders, which are led by Lloyds TSB, the Bank of America and Citigroup, to find ways of restructuring its banking facilities.

However, Ashteads share price advance yesterday, up p to 8p, against last weeks 2p low, was fuelled by bid speculation. Ashtead disclosed in September that last April it had received an approach from two venture capital firms acting in concert, which the group had seen off without a firm offer having been made. Given that Ashteads shares now trade at one quarter of the level they were then, and that it is still expected to achieve sales of more than 500 million in the year to April 30, dealers reckon those original bidders have now returned. The FTSE 250 added 17.5 points to 4,051.8.



ainsoph - 21 Mar 2003 08:43 - 77 of 129

up over 17% intraday and 300% plus overall since the default :-))


ains

ainsoph - 21 Mar 2003 13:49 - 78 of 129

Market doesn't over like this at the moment


Ashtead Group plc Update

Ashtead Group plc announces that it has today paid the interest due under its
senior credit facility that was deferred last Thursday, 13 March 2003.

The Board is proposing to defer payment of the interest on the Rentokil
convertible loan note that is due on 1 April 2003 and has decided to withdraw
the interim dividend declared on 15 January 2003 for the six months ended 31
October 2002.

ainsoph - 21 Mar 2003 14:26 - 79 of 129

down around 25% in 45 minutes ..... waiting to stabalise and will buy




ains

quidnunc - 21 Mar 2003 14:29 - 80 of 129

ains, I see that your post number 76 quoted AVH being up +17%, however my screen shows them down -11%, surely you must be right and they haven`t fallen -28% in so short a time?

ainsoph - 21 Mar 2003 14:39 - 81 of 129

Have a look at my two posts 77 and 78 ...... a little clue there maybe


quidnunc - 21 Mar 2003 14:42 - 82 of 129

ah of course, you knew they were going to drop and were ready all the time, I`ll never be as good as you, never, what a champ.

quidnunc - 21 Mar 2003 14:57 - 83 of 129

oh, ains Ashtead are down by -17% now, when will you start to buy?

quidnunc - 21 Mar 2003 15:03 - 84 of 129

down 20% now, you must be going soon ains?
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