If they reinstate the dividend then look for 25-30p IMO !

Dear,
fellow investors can anyone tell me what Shares Magazine said regarding Ashtead Group today 18/9/03

6) Ashtead Group (AHT)

Business: plant hire rental
Market capitalisation: 59 million
Losses last year
Prospective PE to Apr ’04: 11.3
Prospective PE to Apr ’05: 4.4
No dividend

A highly geared play with 500 million worth of plant hire business a year but debts of 578 million, or 360% of shareholders’ funds. The rapid acquisition programme in America has become partially derailed, but management seems to be getting operations there back on track, selling some offshoots, cleaning up the accounts and renegotiating banks loans. Chances are that the company will survive and prosper as the US economy is growing again.

I got shaken out for a loss earlier in the week and then foolishly bought back in a day later when the price rose again. From the information above perhaps I'll be lucky and get a profit from it anyway, but it was still foolish to dive back in like that.

Got a penny back on it since then and a bit more rise will put me in profit. Fingers crossed :-)

Doug

Looks like we are starting to get alot of interest.Keep an eye MDY as well.