ASHTEAD Forum: Community User: Arnold1

UK's Ashtead Group falls after warning of FY profit miss Nov 20, 2023 at 8:27 am GMT ** Shares of rental equipment provider Ashtead Group AHT.L down 14.5% at 4,485p - the biggest one day drop in over 3-1/2 years ** Stock top loser on London's FTSE100 ** AHT warns that FY adjusted profit could be below market expectations due to a depreciation charge of $2.12 bln ** Also expects both Group and US rental rev growth of 11-13%, down from prior range of 13-16% ** For HY, AHT projects adj pretax profit growth of 5% to about $1.31 billion ** Shares up ~11% YTD