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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hunting Plc | HTG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 4.50 | 1.51% | 303.00 | 12:40:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 303.00 | 297.50 | 304.00 | 298.50 |
| Industry Sector |
|---|
| OIL EQUIPMENT SERVICES & DISTRIBUTION |
| Top Posts |
|---|
Posted at 07/11/2024 18:31 by paleje From Malcy's blog this afternoon:-Sleepy Joe turned a blind eye to Iranian nuclear build up in order to get gasoline prices down to gain favour with the electorate, he also sold off the SPR, I suspect Trump will rebuild it. Oil stocks rose in sympathy, correctly but investors should look carefully at the oilfield service companies, modern day picks and shovels will probably do better as onshore USA including fraccing builds up. Obviously Schlumberger and Halliburton will do but take a look at Hunting where the price has recently fallen on reduction in guidance due to, yup you’ve got it, onshore US activity. Buy now while stocks last… |
Posted at 10/1/2024 08:35 by edmonda You can hear from the CEO and FD directly TOMORROW at 1.30pm . Webinar open to all investors , simply register here: |
Posted at 02/1/2024 14:54 by edmonda Save the Date! 11th January - Investor Presentation (sign up below)Hunting PLC (LSE:HTG) is a global engineering group that provides precision-manufactur Jim Johnson (Chief Executive) and Bruce Ferguson (Finance Director) will give an Investor Presentation by webinar covering their year-end Trading Update at 1.30pm on Thursday 11th January 2024. The online presentation is open to all existing and potential shareholders and questions can be submitted during the presentation to be addressed at the end. To attend the event, please register at the below link: |
Posted at 08/11/2023 09:31 by edmonda No worries, Gents - ED v public about being paid for, but we only work with companies that recognise that research can only be the analyst's opinion if it is to be useful to investors |
Posted at 14/9/2023 22:07 by valuehurts I'm not that fussed to be honest. I'm not a seller here and eventually once it starts working people will still pile in. Just human nature. If something keeps going down people sell. Most uk investors are buying Tesla, Microsoft and Apple. Their turn to be bent over will come as well. |
Posted at 24/8/2023 11:51 by 40kj I listened to the presentation and thought I heard insignificant write downs, listen yourself though, it should be online soon.Seems simple to me. Wood Group results 2 days ago resulted in a jump in share price and short term investors read this across to HTG. Initial market opening there was no drop, but small later drop breeds bigger drop and exiting of positions now leads to the fall. In summary this is a short term fall. Analyst now have figures with which to work and so would expect some analyst pricings in next few days. Without checking I think the last pricings were £3.25-£3.5. |
Posted at 05/6/2023 16:54 by boystown From Master InvestorHunting (LON:HTG) – Rising Order Books Last Tuesday morning saw the announcement by this group of a new major contract combined with fresh 2023 full year guidance for investors. It secured a record $91m Oil Country Tubular Goods three-year contract with Cairn Oil and Gas, in India, covering some 100 wells for that company’s operations in Rajasthan. With this order, Hunting’s sales order book now is some $575m, which represents a material increase since the year-end. Based on the timing of the first deliveries of that order, the group’s management now believes that the 2023 full year EBITDA will be in the range of $92-$94m, which represents a further increase to the guidance issued at its 2022 full year results in March 2023. Hunting provides tools and components for oil and gas and energy industries. The company operates through Hunting Titan, North America, Europe, Middle East and Africa, and Asia Pacific segments. The Hunting Titan segment manufactures and distributes integrated and conventional gun systems and hardware related products. This segment also offers H-2 and H-3 gun systems, controlfire switches, powerset charges, EQUAfrac shaped charges, and T-Set tools. The North America segment offers subsea equipment, intervention tools, electronics and deep hole drilling and precision machining services, as well as connections and oil country tubular goods. The Europe, Middle East and Africa segment supplies threading, legacy pipe storage and related accessories. The Asia Pacific segment manufactures connections, accessories, and intervention equipment. CEO Jim Johnson stated that: “Hunting’ US market activity remains stable and with the orders received for China, Guyana, Brazil and now India, Hunting continues to see a strong growth profile given our standing and recognition with major energy companies, coupled with the strong international market sentiment being reported in many regions.” Following the group’s latest guidance to the market, analyst Daniel Slater at Zeus Capital has substantially upgraded his current year and his 2024 estimates. For the year to end December Slater now goes for $861.7m of sales against his old estimate of $815.9m, for its adjusted pre-tax profits he lifted it 25% to $51.9m, and similarly 25% better for earnings to 26.1c, easily covering a 10c per share dividend. For the coming year his figures are progressed 6% on sales to $991.9m, profits 12% better at $61.0m, lifting earnings 12% to 27.9c and covering a maintained 10c dividend. To come in line with others in its sector Slater puts an immediate value of 285p on the group’s shares, however he states that: “In our view, Hunting’s level of intellectual property, business position and positive momentum should justify a premium to this level. Using 7.0x our 2024 forecast would imply a valuation of around 355p, which we think is fully achievable given the ongoing momentum in the business.” The £365m group’s shares, which were up to 343p in mid-January this year, were down to 201p just before this week’s news. The closed at 219p on Friday night, which in my view offers an excellent buying opportunity. They are on their way back upwards again. |
Posted at 29/12/2021 16:38 by spooky Thanks for your input. I think your points are completely valid. Just trying to see if there is anything else floating around out there in investors minds. Valuation of inventories may be worth some investigation IMO. |
Posted at 22/11/2021 11:21 by sea7 should get an update on this soon - - which may improve the volumes overall...Proposed launch of a Level 2 Sponsored American Depositary Receipt ("ADR") programme. The Board of Hunting has begun planning for the launch of a level 2 sponsored ADR programme, to enable Hunting shares to be traded more easily by US investors. The programme is likely to commence towards the end of 2021, following the appointment of a suitable sponsor and the receipt of approvals from the relevant US regulatory authorities. The Directors have commenced this process to increase the profile of Hunting with US investors, as the US has been the core of Hunting's business for a number of years, driving the majority of revenue and profits, and the US is where most of our quoted peers are listed. |
Posted at 15/3/2021 17:54 by value hound Tipped on Master Investor by Mark Watson Mitchell FWIW (I hold)....============== "Hunting – sounding the horn for the recovery" Hunting has had its ups and downs over the years, but Mark Watson-Mitchell reckons better times are ahead. Although it has been in existence for over 140 years, I have only followed this group for the last four decades. From its origins of shipowning, it ventured into oil tankers, and later it went into aircraft servicing and manufacturing, even owning an airline. Then in 1938, it started oil prospecting in Texas and later moved into Canada, before progressing into petroleum retailing, lubricants and specialised products. It has reinvented and reorganised its operations several times in its history and always shown its ability to adapt to changing fortunes in its marketplace. I can remember having several breakfast and lunchtime meetings in the company’s offices overlooking Nelson’s Column in Trafalgar Square, with Richard Hunting, the group’s former Chairman. I always enjoyed listening to him and his team describing the operations of their business. It has had its ups and its downs over the years. However, I have always been impressed by the professionalism that its management has shown. The gradual metamorphosis Today Hunting (LON:HTG) is an international energy services provider to the world’s leading upstream oil and gas companies. Irrespective of whether it is intended for oil, gas, onshore or offshore, conventional or unconventional, its broad range of products and associated services spans the lifecycle of the wellbore. It manufactures the premium, high-end tools and components that are required to extract hydrocarbons across that lifecycle of an oil and gas well. An impressive portfolio of intellectual property Hunting’s substantial IP portfolio is a significant barrier to entry for competitors and allows it to defend margins and offer more operational flexibility, particularly in a downturn. It has a truly global footprint, employing nearly 3,000 people operating in 11 countries with distribution and with the use of its products extending well beyond those countries. Recent results The group declared its final results for the 2020 year two weeks ago and its Report and Accounts are due to be published this coming Thursday (18). The group’s AGM is due on 21 April, at which time we should get the latest trading update. The reported finals showed that 2020 was not a good year for the group, which was understandable due to the massive reduction of activity in the global oil and gas marketplace. Last year’s revenues fell from $960m to just $626m, while 2019’s $93.1m pre-tax profit was replaced with an underlying adjusted $19.4m loss. Current estimates But oil prices have moved significantly better in the last few months and better times are now being anticipated. Estimates for the current year suggest similar revenues, with the loss falling to only $5.4m. Going into 2022 sales could pick up slightly to $650m, with a break back upwards into profitability of around $5m. Undervalued assets On the face of it, that looks both dismal and dull, but I have faith in the group’s management to safely turn the group’s profitability around before resuming its previous growth path. The group had net assets of $976m, at the last balance sheet date, with $101.7m cash in the bank. With some 165m shares in issue the group is today capitalised at only £454m ($630m). It is obvious that the group has a strong enough balance sheet and cashflow to cope with its recovery back into profitability this year. About £702m of assets shows the company standing at around a 35% discount. Broker ratings Brokers are not in unison as to their price objectives for the group’s shares – RBS rate the shares a ‘sector perform’ up to 305p, while Jefferies rate the shares as a ‘buy’ looking for 360p. Barclays raised its price from 260p to 300p and recommend ‘overweight Less than three years ago the shares were trading at 845p, but by September of last year they had eased back to just 120p. At the start of this month the shares peaked at 297p, and they closed at 275p last Friday night. My view I am looking for the shares to be back over that peak and heading for 350p fairly soon and then head even higher. Accordingly, I now set my target price at 350p. |
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