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United Kingdom

Ashtead Group PLC (AHT.L)

AHT.L on London Stock Exchange

2,170.00GBp
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Ashtead Q3 Rev Up, Sees FY Results In Line With Its View
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Ashtead Group PLC ::ASHTEAD GROUP PLC Q3 RESULTS.EXPECT CAPITAL EXPENDITURE FOR YEAR TO BE TOWARDS UPPER END OF OUR PREVIOUS GUIDANCE (C. £1.6BN).QTRLY UNDERLYING RENTAL REVENUE 1,049.1 MILLION STG VERSUS 845.5 MILLION STG AS REPORTED A YEAR EARLIER.QTRLY UNDERLYING PROFIT BEFORE TAXATION 254.3 MILLION STG VERSUS 205.1 MILLION STG AS REPORTED A YEAR EARLIER.LOOKING FORWARD TO 2019/20, SEE A SIMILAR LEVEL OF CAPITAL EXPENDITURE TO THIS YEAR AS WE EXECUTE ON OUR STRATEGIC PLAN THROUGH TO 2021.QTRLY STATUTORY PROFIT BEFORE TAXATION 240.9 MILLION STG VERSUS 194.3 MILLION STG AS REPORTED A YEAR EARLIER.EXPECT FULL YEAR RESULTS TO BE IN LINE WITH OUR EXPECTATIONS.FOR FY, EXPECT GROSS CAPEX TOWARDS UPPER END OF OUR PREVIOUS GUIDANCE AT AROUND £1.6BN AT A $1.30 STERLING EXCHANGE RATE.  Full Article

Ashtead Raises Senior Credit Facility To $4.1 Bln
Thursday, 3 Jan 2019 

Jan 3 (Reuters) - Ashtead Group PLC ::ABL REFINANCING.EXTENDED MATURITY OF ITS SENIOR CREDIT FACILITY ("ABL FACILITY") TO DECEMBER 2023 AND INCREASED IT TO $4.1BN.DEPENDING ON AVAILABILITY UNDER FACILITY AND LEVERAGE, PRICING GRID RANGES FROM LIBOR PLUS 125BP TO LIBOR PLUS 175BP.  Full Article

Ashtead Says Brendan Horgan To Succeed Geoff Drabble as CEO
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Ashtead Group PLC ::ASHTEAD GROUP PLC - DIRECTORATE CHANGE.ASHTEAD GROUP PLC - GEOFF DRABBLE HAS DECIDED TO STEP DOWN FROM HIS ROLE AS CHIEF EXECUTIVE.ASHTEAD GROUP PLC - GEOFF DRABBLE WILL BE SUCCEEDED ON 1 MAY BY BRENDAN HORGAN.ASHTEAD GROUP PLC - GEOFF WILL WORK CLOSELY WITH BRENDAN AND BOARD OVER NEXT FEW MONTHS TO ENSURE A SMOOTH TRANSITION.  Full Article

Ashtead Says Q1 Pretax Profit 274 Mln Stg Vs 229 Mln Stg Year Ago
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Ashtead Group PLC ::Q1 PRETAX PROFIT 274 MILLION STG VERSUS 229 MILLION STG YEAR AGO.END MARKETS REMAIN STRONG.QTRLY UNDERLYING RENTAL REVENUE 961.0 MILLION STG VERSUS 828.8 MILLION STG REPORTED LAST YEAR.QTRLY GROUP REVENUE 1,047.4 MILLION STG VERSUS 880.1 MILLION STG REPORTED LAST YEAR.BUSINESS IS PERFORMING WELL IN SUPPORTIVE END MARKETS.£145M SPENT ON BOLT-ON ACQUISITIONS IN QUARTER (2017: £116M).WITH BENEFIT OF WEAKER STERLING, EXPECT FULL YEAR RESULTS TO BE AHEAD OF OUR EXPECTATIONS.BOARD CONTINUES TO LOOK TO MEDIUM TERM WITH CONFIDENCE.LEVEL OF SHARE BUYBACK TO BE INCREASED TO £125M/QUARTER, RESULTING IN AN OUTLAY OF £675M UNDER PROGRAMME ANNOUNCED IN DEC 2017.BUYBACK PROGRAMME WILL BE EXTENDED FOR FINANCIAL YEAR 2019/20 WITH AN ANTICIPATED SPEND OF AT LEAST £500M.NET DEBT AT 31 JULY 2018 WAS £3,033M (2017: £2,569M).ON 13 AUGUST SUNBELT US ACQUIRED BUSINESS AND ASSETS OF INTERSTATE AERIALS FOR £161M.ON 5 SEPTEMBER SUNBELT US ACQUIRED BUSINESS AND ASSETS OF EQUIPMENT 4 RENT FOR £13M.  Full Article

Ashtead Says Pricing Of $600 Mln Of Second Priority Senior Secured Notes
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Ashtead Group PLC ::PRICING OF $600M OF SECOND PRIORITY SENIOR SECURED NOTES.PRICING OF AN INCREASED OFFERING OF $600 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.25% SECOND PRIORITY SENIOR SECURED NOTES DUE 2026.  Full Article

Ashtead Says Ashtead Capital Conducting Notes Offering
Monday, 23 Jul 2018 

July 23 (Reuters) - Ashtead Group PLC ::NOTES OFFERING.UNIT IS CONDUCTING A PRIVATE OFFERING OF APPROXIMATELY US $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF SECOND PRIORITY SENIOR SECURED NOTES DUE 2026.INTENDS TO USE NET PROCEEDS OF OFFERING TO REPAY PORTION OF OUTSTANDING AMOUNTS BORROWED UNDER FIRST PRIORITY SENIOR SECURED CREDIT FACILITY.TRANSACTION WILL ENABLE CO TO FIX COST OF FURTHER TRANCHE OF ITS DEBT AT ATTRACTIVE LONG-TERM RATES, EXTEND ITS AVERAGE DEBT MATURITY PROFILE.  Full Article

Ashtead Names Paul Walker Non-Executive Director, Chairman Designate
Tuesday, 26 Jun 2018 

June 26 (Reuters) - Ashtead Group PLC ::DIRECTORATE CHANGE.APPOINTMENT OF PAUL WALKER AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN DESIGNATE AS OF 2ND JULY 2018..APPOINTMENT OF PAUL WALKER AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN.CHRIS COLE, WHO HAS BEEN CHAIRMAN OF ASHTEAD SINCE 2007, TO RETIRE FROM ASHTEAD AT COMPLETION OF THIS YEAR'S ANNUAL GENERAL MEETING.WALKER IS CURRENTLY NON-EXECUTIVE CHAIRMAN OF HALMA PLC.  Full Article

Ashtead Says FY Underlying Pretax Profit Up 21 Pct To 927.3 Mln Pounds
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Ashtead Group PLC ::FINAL DIVIDEND 27.5 PENCEPER SHARE.FY UNDERLYING RENTAL REVENUE 3,418.2 MILLION STG VERSUS 2,901.2 MILLION STG REPORTED LAST YEAR.FY UNDERLYING PROFIT BEFORE TAXATION 927.3 MILLION STG VERSUS 793.4 MILLION STG REPORTED LAST YEAR.FY UNDERLYING EPS 127.5 PENCE.BOARD CONTINUES TO LOOK TO MEDIUM TERM WITH CONFIDENCE.ASHTEAD SAYS "OUR END MARKETS REMAIN STRONG AND ARE SUPPORTED BY CONTINUED STRUCTURAL CHANGES IN OUR MARKET AS CUSTOMERS RELY INCREASINGLY ON RENTAL".CONTINUE TO EXECUTE ON STRATEGY THROUGH ORGANIC GROWTH, ACQUISITIONS, INVESTING £1.2 BILLION BY WAY OF CAPITAL EXPENDITURE IN YEAR."ALL OUR DIVISIONS CONTINUE TO PERFORM WELL IN SUPPORTIVE END MARKETS".ANTICIPATE A SIMILAR LEVEL OF CAPITAL EXPENDITURE IN 2018/19 CONSISTENT WITH OUR STRATEGIC PLAN.  Full Article

Ashtead Says Expect Full Year Results To Be In Line With Expectations
Thursday, 19 Apr 2018 

April 19 (Reuters) - Ashtead Group PLC ::EXPECT FULL YEAR RESULTS TO BE IN LINE WITH OUR EXPECTATIONS..  Full Article

Ashtead Group Says H1 Revenue At 1.9 Bln Stg
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Ashtead Group Plc ::INTERIM DIVIDEND 5.5 PENCE PER SHARE.H1 PRETAX PROFIT 493 MILLION STG VERSUS 413 MILLION STG YEAR AGO.H1 REVENUE 1.9 BILLION STG VERSUS 1.55 BILLION STG IN H1 2016.H1 UNDERLYING CONSTANT CURRENCY RENTAL REVENUE 1.77 BILLION STG VERSUS 1.44 BILLION STG IN H1 2016.SAYS INTERIM DIVIDEND RAISED 16% TO 5.5 P PER SHARE.COMMENCING A SHARE BUY-BACK PROGRAMME OF AT LEAST £500M AND UP TO £1BN OVER NEXT 18 MONTHS.WE EXPECT FULL YEAR RESULTS TO BE AHEAD OF OUR PRIOR EXPECTATIONS.WE WOULD ANTICIPATE THAT ACTIVITY LEVELS WOULD NORMALISE DURING SECOND HALF, POST HURRICANE CLEAN-UP.CAPITAL EXPENDITURE FOR FIRST HALF WAS £708M GROSS AND £649M NET OF DISPOSAL PROCEEDS (2016: £683M GROSS AND £631M NET).AS A RESULT, WE HAVE REVISED OUR CAPITAL EXPENDITURE GUIDANCE FOR FULL YEAR TO £1.2 - 1.3BN AT CURRENT EXCHANGE RATES.GROUP'S RENTAL FLEET AT 31 OCTOBER 2017 AT COST WAS £6.4BN. OUR AVERAGE FLEET AGE IS NOW 30 MONTHS (2016: 26 MONTHS).  Full Article

Banks, pharma drag FTSE 100 but Unilever cheery on strong quarter

April 18 Oil majors and Asia-focused banks weighed on Britain's main index on Thursday ahead of Easter weekend, while a strong first quarter took Unilever to its highest level in eight months.