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Hiring Out Gear Is Ashtead's Game and it could Attract Big Business from a Beleaguered Building Trade

By Malcolm Stacey | Wednesday 7 December 2022


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Hello Share Fans. Over the years the big tool-renter Ashtead Group (AHT) has been a big money spinner for me. Though a few years ago, I took the view that what goes up usually always comes down. So I sold the lot. Needless to say, that folly sparked yet another rally. I’m still shy of the shares, though. For the same reason: that good things don’t last forever. However, the firm’s latest numbers look to prove me wrong yet again.
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