Hunting Share Discussion Threads

[ohisay] 30/6/2010 10:22

The market hasnt exactly been expensive these last two years.!

[milacs] 30/6/2010 08:35

I am pleased to see that the company is not buying other market equities at this time.

Surely it makes sense to hold off buying until this market stabilises, afterall lower prices equate to better bargains.

M

[ohisay] 30/6/2010 07:18

Yep - Interims indicate £310M cash out of a market cap of £586m.You would have to hope they start shopping soon -surely there must be something out there which wets their appetite.

[henryatkin] 15/6/2010 09:26

One of my concerns here is the cash pile not being put to good use. If a company holds half of its market cap in cash it is effectively reducing its margins down to a level of its cash investments. The cash pile has been held for almost three years. It needs to be used for new investment or given back to shareholders for them to reinvest. If the company can't find a decent aquisition or two in these low valuation times its doesn't say much for the sector or the management. I'm short atm untill the prices crosses back above the 20m/a, but I don't find a compelling case for going long at the reversal unless the management start shopping.

[ohisay] 10/6/2010 15:11

Looking cheap .Nat gas is in an uptrend in the US.

[sruthan] 10/6/2010 14:23

Today's broker news:

Hunting upgraded to buy from add at Oriel.

[milacs] 10/6/2010 08:37

Down to 450p.

Looks like support at 400p.

M

[old giggleswickian] 26/5/2010 21:13

flyfisher,
Back in December HTG were looking forward to significant improvement in conditions in the second half of this year but you should take account of their claim that they are more influenced by gas rather than oil rig counts. HTG does look cheap at current prices bearing in mind that this is the most aggresive half of the original business but that has not stopped the share price from falling to remarkable levels. For a company that has been looking for oportunities for many years it is disappointing that they have not put the cash reserve to good use by now.
There is no point me making any short term predictions because they would be almost certainly wrong but I do think that in the long term this company will prosper.
I was hoping that insideryou would return and expand on his thoughts but I am coming to the conclusion that he was just blowing smoke.

Ian.

[flyfisher] 26/5/2010 20:55

old gig,

similarly to yourself i sold out a while back just before the results , too early as it turned out , as they continued to rise.
i now see value here again , hunting seems to hold it's cash in usa and canadian $ and with the weakness of sterling against those currencies the cash pile in £ terms should have risen since the year end , when 1.57 and 1.78 was the rate used in the accounts.
that same currency weakness should flatter the translation of north american turnover figures at the next interim stage. also the rig count has risen since last year , about 5% internationally but a far higher 14% in north america , based on last years average .

[old giggleswickian] 19/5/2010 14:13

insideryou,
"Will learn from this and trade it accordingly". Is there any chance of you elaborating on this?
I have invested here since they sold their aerospace arm to BAE and bought Gibson many years ago. This last year has been their "least good" and I have held some short positions in recent months however I would not now be looking to go short again simply on a risk/reward basis. To me the question is when to buy back some shares that I sold. I have said before that in this market £4 is a possibility but at these prices the return would not be that good bearing in mind spreads and the prospect of share price recovery that could come at any time.

Ian.

[insideryou] 19/5/2010 09:28

Never known a share so easily manipulated on level 2 with a stream of robotic small sales.. Incredible. This has dropped over 20% in less than 3 weeks on zero news and robotic automatic trades on the order book.. Will learn from this and trade it accordingly

[redips2] 07/5/2010 18:58

Old-G---i agree, i am here long term, it's just me shouting at my lap top [better now] have a good w/end. :))

[old giggleswickian] 07/5/2010 16:25

redips2,
I hear what you are saying but we have been here before. This is a good company with a whole heap of cash, however it has not stopped the share price falling to £4 before. I don't see it as a fire sale but more a reflection of where shareholders effectively allow the price to move to. It is reasonable to see the possibility of further falls but that does not mean the company is in trouble.

Ian.

[redips2] 07/5/2010 15:51

Very seriously over sold, this is like a fire sale!!

[mitch42] 15/4/2010 12:41

Ian

Thanks for the feedback.

[old giggleswickian] 15/4/2010 11:50

Mitch42,
HTG have had a large amount of cash for two years now and they have not put it to work which is a) surprising and b) disappointing. My guess is that the price has run up in recent months supported by the price of oil but as this is more of a gas play this could be misleading especially as the price of gas is apparently not as closely tied to oil as it used to be and gas drillers do seem to have their own problems as reported in the last results.

Ian.

[byrnedj] 15/4/2010 10:57

yeah i cant see any reason for the drop, maybe a tree shake? maybe got wind of some bad news before RNS? difficult to tell but I have put on a protected trade just in case

[mitch42] 15/4/2010 10:53

Big drop again today and no news? HTG abit of a roller coaster ride. They have plenty of cash when I last checked. Sorry for my ignorance but apart it's link to gas and oil what else causes these large fluctuations. I'm thinking of a suitable entry point.

[barabis] 29/3/2010 11:53

So any reason for the big drop? Doesnt seem to be any bad news as far as i can make out

[gswredland] 02/3/2010 15:19

Looks like we may be breaking out here!

[steadyitgoes] 26/2/2010 09:56

Edison report on HTG:

[flyfisher] 12/2/2010 19:35

improving rig count figures.

The number of oil and gas rigs climbed to 1,346, up 11 rigs from the previous week, according to data from oil-field services company Baker Hughes Inc. (BHI). The number of gas rigs was 891, an increase of 13 rigs from last week, while the oil rig count was 443, a decrease of two rigs. The number of miscellaneous rigs was unchanged at 12 rigs.

[pyman] 11/2/2010 10:13

Thanks galles - I agree with you fundementally. Chart looks good for a rise to £6-15 and is set up for further gains. Added to that is the ever present takeover chances- they swim with some very big fish!

[galles] 11/2/2010 09:35

Pyman,

I'm not a chartist personally. My investment is based upon the fundamentals. This stock is very much pegged to the general commodity trend (naturally!) and so my belief is that if there is any persisted uptrend, then the general market plus the oil and gas price will need to have a positive move. Notwithstanding that, based purely on HTG's cash pile alone (50% of share price), their asset, no debt, continued dividend payment, these already give enough evidence to me to know there is a strong buttress to current share price. Any move north won't be unreasonable and can't see this being speculative.

Perhaps others can comment on the chart? Anyone?

[pyman] 10/2/2010 19:13

are you charting Galles? if so do you see it busting through £6 to find resisitance around £6-15?