Hallin Marine Subsea Share Discussion Threads

[clancrackan] 28/8/2009 17:37

No obvious reason, no news, oil price favourable, dollar favourable @ $/£ 1.63,
FTSE up.

[matis0906] 28/8/2009 13:52

Any one know why or is it just MM's trying to get a raction after a quiet spell? Theres no news is there?

[crawford] 28/8/2009 13:25

Mmm, falling today I see.

[clancrackan] 25/8/2009 20:04

Petrofac Results :
The continuing demand for new investment in oil and gas has allowed Petrofac, the oil services company, to ride out the falling oil price, more than doubling the group's order book in the space of a year.

"We don't have as much direct correlation to the oil price as the oil producers," said Ayman Asfari, chief executive.

"The only direct correlation we have is in projects where we have an equity involvement in production. The rest of our business is driven by the capital and operating expenditure plans of our clients and, in the areas of the world where we've been operating, that has not slowed or stopped."

In the six months to June 30, pre-tax profit increased 8 per cent to $174m (£106m) on revenue that stayed flat at $1.6bn. Earnings per share rose 22 per cent to 42.7 cents. Petrofac raised its interim dividend to 10.7 cents, up from 7.5 cents in the same period last year. The group's backlog swelled from $4bn last year to $8.4bn at the end of June.

More than two-thirds of group turnover comes from providing engineering and construction services to the oil and gas industry. In the first six months of 2009, the business won $5.4bn of contracts, including a $2.3bn deal to upgrade an oil field in Abu Dhabi, and another to build a processing plant in Algeria that will be capable of producing 100,000 barrels of oil a day. In all, the division saw revenue grow 15 per cent to $1bn during the period.

..................

So we see continuing demand in the oil services sector.

I hold both Hallin and PFC but have been adding more Hallin as the fall in the share price is imo overdone and Hallin has imo strong growth potential going forward.

[clancrackan] 24/8/2009 16:38

Nymex crude now risen to $74.60 a barrel, stronger demand outlook.
Sterling under some pressure also favourable for Hallin.

Continue to add.

[rivaldo] 12/8/2009 07:32

A new research note FYI on the oli services sector from Hanson Westhouse - and who's on the lowest P/E by far on a 2009 P/E of 5.1?



"Hallin Marine is also suffering from a comparatively weaker order book and softer margins but we believe that it remains an attractive business trading on a low multiple. As such, we continue to rate the stock a BUY."

HMS are one of only 4 Buy recs out of 8 companies covered.

[woodcutter] 10/8/2009 11:17

back from holiday, some interesting reading and no sign of ML. 60p looks a long way off at the moment but you never know.

woody

[clancrackan] 09/8/2009 20:23

stluke
Edison Investment Research had on 02 July new trading numbers for the whole of 2009 with Hallin's estimated gross margin at 28.8% (compared 34.1% 2008).

regards

[koolio] 07/8/2009 09:31

Fugro's 1st half figures can be found at.

[stluke] 06/8/2009 10:14

What do others think the Gross margin will come in at for the 1st half, we know it will be below 2008 which was 31.8%, 2007 was 21.2% as a reference.

[koolio] 06/8/2009 10:00

Can't blame them for taking a profit can we, if they bought a 94p they have banked over 20%.

It's very good to see that Hallin are keeping the SAT systems in work as well as the vessels. I know that the vessels have higher fixed costs but the diving work off of 3rd party barges is quality work.

[stluke] 05/8/2009 15:40

Looks like some have decided thats it on the news front which was flagged up in the recent trading update and taken profits, could easily resume the upward journey when they have moved on.

[crawford] 05/8/2009 12:05

varies,
Moonlover showed holders no mercy. He wouldn't know a short if it bit him in the behind.

I'm sure some weak holders were robbed out of their shares thanks to him.

[varies] 05/8/2009 11:56

It is interesting to see that the latest share deal reported (as above) was for only 1,000 shares. This suggests to me that the supply may have dried up already.
If Moonlover is still short, then it may take him some time to clear his position but I would not want to tempt Providence by jeering at him. An accident may yet occur.

[crawford] 05/8/2009 11:49

Brewin Dolphin:

Hallin Marine Retain Buy price target 151p Buy

Evolution Securities
Hallin Marine Retain Add price target 200p Overweight

[loafingchard] 05/8/2009 11:16

Excellent news :)

Moonlover , where are you ?

Loser

[crawford] 05/8/2009 10:42

interceptor2,
fair point, I think I should adopt that rule in future.

[interceptor2] 05/8/2009 10:20

crawford

Maybe they were, but rules are rules. I always sell on a profit warning, I admit I'm a nervous investor, it tends to preserve my capital that way.

If I had ignored my own rules, I would have been on that naughty step.......

Not a good place to be.

[kickstart] 05/8/2009 09:51

That 2,500 marked as a sell was in fact a purchase at 118.7. Must be a large sale around as the bid dropped after I bought through Barclays.

[crawford] 05/8/2009 09:41

interceptor2,
I'm surprised at your comments - the announcement of contracts to come was flagged in the results.

[clancrackan] 05/8/2009 09:07

Never been out and expect to see buying increase in the second half.

This is a classic contract and bodes well.

[marvelman] 05/8/2009 09:01

Interceptor....great phraseology...naughty step :-)

So have I and am back in going against all that my head says and instead prefer just not to be out of it. Regards.

[interceptor2] 05/8/2009 08:53

Having sold out last month on the profit warning, and seeing Hallin have received two good contracts. I have now moved them off the naughty step, and back on the watchlist.

[rivaldo] 05/8/2009 08:47

Terrific news today - $15m is not to be sneezed at!

A large re-rating is in prospect here given the quality of the company, especially if HMS confirm next month they're on track for 21p EPS or more.

[philo124] 05/8/2009 08:39

HAD A PROBLEM WITH QQ YESTERDAY RE 07.00RNS