Maybe the original 8th July date was a typo |
Good spot, bizarre for the company to push the date back by 1 day... |
This from the RNS on 03.06.24 following a 2nd order from KOC:
'As noted in the announcement on 15 May 2024, more detailed revenue and working capital guidance for full year 2024 and 2025 will be provided in the Company's H1 2024 Trading Statement to be announced on Tuesday 9 July 2024.' |
Maybe later today then |
Stockopedia is wrong, the last RNS on 17th April closed with the following;
"Hunting PLC's next Trading Statement will be announced on Monday 8 July 2024." |
On Stockopedia it has 9th July down for a trading update. I thought the 9th was Monday! |
Villa
I got an e mail yesterday from Investegate informing me of an RNS today for HTG trading update.
I expected pre open but could be anytime or on close. |
It's due tomorrow. I got my dates wrong :-) |
Poor form when a company flags a trading update on a specific date & then doesn't deliver said update. Happy to lock in profits from my recent 408p entry. |
Nice little run up today, moving away from the 420 mark where we seems to be a little bit stuck. Hopefully it's down to a leak of good news on Monday :-) |
 https://masterinvestor.co.uk/equities/small-cap-catch-up-braemar-hunting-and-loungers/Hunting (LON:HTG) Hoping For A Very Positive H1 Trading Update Next Monday MorningThis group is a leading manufacturer of precision engineered products and integrated systems, and a provider of print-part manufacturing services.Located in 11 countries across four continents, it manufactures critical components, high technology systems and precision parts for international oil and gas and energy service groups globally.The group's expertise is also applicable to other industries including aviation, medical, power generation and space.On 17th April at the group's AGM CEO Jim Johnson updated shareholders on the progress in the group's first quarter:"The year has started positively for the Group, with Q1 2024 results marginally ahead of management's expectations, and well ahead of the Q1 2023 result, which demonstrates the continued growth momentum of the Group.Our OCTG, Subsea and Advanced Manufacturing product groups are continuing to see strong momentum as offshore and international activity remains robust.While Perforating Systems has had a slow start to the year, H2 2024 is likely to see stronger activity as increased LNG exports in the US drive natural gas demand.It is particularly pleasing to see our Q1 2024 EBITDA result surpassing the Q4 2023 result, given the strong result delivered in the prior quarter, with Subsea being our standout performer this quarter.2024 is likely to be a further year of growth for the industry driven by geopolitical and macro-economic factors.Therefore, management remains confident of delivering its current EBITDA guidance, given the broad-based strength of the global oil and gas sector."Next Monday 8th July will see the group declare its H1 Trading Update, which I am convinced will be bullish in overall content.The £700m group's shares at 422p are certainly not expensive considering its potential. |
https://masterinvestor.co.uk/equities/tortillas-fast-cars-and-the-internet/Hunting ( LON:HTG) Trading Update Early Next MonthThe global engineering group has announced another significant contract with the Kuwait Oil Company, to supply its oil country tubular goods, worth $86m.That takes the KOC orders up to $231m for OCTG casing.CEO Jim Johnson stated that:"We would again like to thank KOC for this order and the confidence shown in Hunting's proprietary premium connection technologies and strategic OCTG supply chains.The order supports our improving outlook for 2025, as international and offshore activity continue to accelerate."Analyst Daniel Slater at Zeus Capital is looking forward to the group's next Trading Update on Tuesday 9th July.He is looking for the current year to end December to show sales up to $1.08bn ($929m) with adjusted pre-tax profits of $91.2m ($50.0m), lifting earnings to 38.8c (20.3c) and covering a 13.0c (10.0c) per share dividend.This £682m capitalised group's shares look excellent value at 411p. |
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Kuwait is one of the smallest middle eastern producers…..I am hoping one of the others come thru too.
Also, rig count in US is low; when shale starts drilling, Titan sales will go up markedly. |
Over last 13 months - 3 largest single orders in Huntings history (150 years). Oil wobbling over last couple of weeks but this is now significantly undervalued at 415. Guidance will be massively upgraded for 2025 in early July. |
They mentioned on the capital markets call last sept that they were negotiating a few deals in middle east.
Can you imagine if Saudi’s buy……we will be off to the moon. |
More excellent news, with a second material OCTG order with Kuwait Oil Co, worth $86m for delivery in 2025. The OCTG casing and connections for this order are similar to the first order in May.
Strong momentum at HTG continues, with sales order book now at a record $751m 👋👋 |
Bump up again?? |
Great day so far, have a look at KDNC worth buying too next multi-bagger in the short term |
thank F I only sold 20% of my holding!!!! |
up 22 percent 460.00taken out |
Agreed - really good news: indeed a record US$145m OCTG order
You can isten to summary and read full analysis in new research note out from Equity Dev here: |
off topic tip KRS is also worth buying news due soon will double up |
4.40 taken out....looks like this is heading for 5.00 today |
I regret not keeping to my 15% stop loss. Selling when triggered and buying back again later |
Great news. Well done to all that have remained patient with this. Finally come good. Managed to trade this over the years but so glad I kept a decent wedge in. |
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