Welcome back to the Intelligent Wealth Podcast, where we deep-dive into high-quality investment opportunities. In this episode, we analyse Ashtead Technology, a little-known UK-listed company that's quietly dominating the subsea equipment rental market.
Ashtead Technology provides specialised equipment and services for offshore energy projects – from oil and gas to renewables. With over 30,000 rental assets, a 50% market share in the survey and robotics and operations in 80+ countries, the company offers a compelling blend of moat, scale and global reach.
Despite a 45% fall in its share price, the stock has delivered 175% total return over 5 years and boasts 75%+ gross margins, 26% operating margin and a strong capital return model. We think it may be one of the **most underrated quality stocks** in the UK market today.
**Topics We Cover**
- Why Ashtead has a durable competitive advantage
- The company's hybrid exposure to oil & renewables
- Risk factors including goodwill and cyclicality
- Whether the recent share price drop is a buying opportunity
- Management incentives, insider ownership & capital allocation
- Long-term potential as the company moves from AIM to main market
📄 Want our 1-page company snapshot on Ashtead Technology? Grab it here: https://mailchi.mp/minervamoneymanagement/how-to-get-top-10-company-snapshots
📌 Links & Mentions:
🌐 Minerva Money Management – https://minervamoneymanagement.co.uk
🌐 Ashtead Technology– https://www.ashtead-technology.com/who-we-are/leadership-team/

Disclaimer:
The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice.
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