“We have a high level of confidence that new orders from other major energy companies will be secured in the short- to medium- term, as the advantages of the technology are captured by our clients.”
This is the sentence from the trading update that has made me buy more and wasnt picked up by many imo. The “seal-lockR21; technology is a big driver for the business going forward and the company seem highly confident of further orders.
I anticipate a return to £4 if further orders appear in the short or medium term. |
Short position has reduced slightly. |
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… |
Ditto Dope007, if it was reduced activity in North America due to poor sentiment/uncertainty that caused the small downward revision to forecast then logically that could change in our favour with Trump back. Slower to climb back up than they are to fall but the fall was overdone anyway. |
A Trump win is very good for Hunting imho |
I appear to have received 2 dividend payments today.
One was for the expected amount, the other slightly more.
HSBC brokers. Mistake or was there a special payment I was not aware of?
E. |
Good pointMakes it look like an over reaction and a good opportunity to accumulate 6 month target of 380-400p |
EBITDA for 2024 reduced to $123-126m from previously being $134-138m.
Share price has fallen by around 19%.
Share price on 29.02.24 at close of play when full year results were announced was 344.5p with EBITDA of $103m. |
Berenberg cuts Hunting price target to 460 (520) pence - 'buy' |
People dressed up as animals fighting on a pub stage?
I think this could work.
Thoughts? |
Disappointing but will hold for now as still in profit here |
Seems a big drop for a minor profit warningGlad I sold a bunch at 440Sad I didn't sell moreTempted to buy back in |
timberrrrrrrrrrrrrrrrrrrrrrrrrrrrr |
Today's Q3 update from Hunting plc has many positives but trading at Titan has not yet improved in H2. Equity Development lower EBITDA ests by 7% for FY24, but raise y/e net cash outcome
Their Fair Value now seen at 397p/share, as per new research note available here: |
Not got a clue on the drop. Anti oil? Pound strength? It looks very cheap again though |
I guess it must be nervousness around Israel and Lebanon not that HTGs customers are anywhere near there. Sterling strength and oil price pulling back today too perhaps. |
What's with the big drop? Sold half of holding at 440 so tempted to buy back at these levels... |
See that on lots of stocks. Glaxo the same but in the end it a zero sum game. Currency moves up and down and they hedge |
Sterling strength I would suggest since HTGs revenue is in USD |
Are we back to the we hate oil trade again.... |
One year on from Hunting PLC 2030 Strategy launch significant progress has been made.
H1'24 EBITDA was in-line at U$60.3m (+c.23% y-o-y) but HTG shares remain on a c.20% EV/EBITDA discount.
Equity Development retain a fair value of 436p / share, as you can read in this detailed new research note: |
Anyone seen any broker comments? |
Is it too early to say thank you for this morning? |
Correct, it is growing |
Forward PE is around 11.9. Good for a growth stock. |
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