Oil price... |
Presumably we have a seller in the stock and with little buying interest despite the quality the price suffers. May look to add as it's one of my smaller holdings so would be happy to increase it. |
Thanks for that |
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 |
Thanks edmonda |
Thanks Edmonda, useful note, I know ED are paid for but nonetheless it reflects how the company see things and it's good to hear aside from the excellent RNS updates. |
With both positive trading momentum and order book development, Hunting plc has outlined a clear growth strategy to the end of this decade – not yet reflected in its share price in the opinion of Equity Development.
Coverage initiated with current Fair Value seen at 421p/share, and you can see the full detailed research / listen to a summary here (free access) |
Low volume sell off followed by a fast snap back |
Mid cap, poor liquidity, poor market sentiment. Nothing to do with Hunting's fundamentals. It's why I banked the profit a few weeks back. |
Just popped up on my radar again....for the wrong reasons. The market is just so negative at present a reconfirmation of good results is now seen as a negative! I really like the idea that they will be debt free by year end, not many companies can say that at present. Not jumping in again at present but put it back on my watch list. |
Latest order of $59m was in October so not included in Q3. Current order book would thus be significantly higher… |
this market is bent ..... |
I think the order book went from $550m to $511m in a quarter….stupid reason for market to sell off. The book will obviously be volatile on Q to Q basis. The overall health of sales and profits great. |
Also no debt by year end in this environment is superb |
Good statement but it's quoted in the UK so gets trashed. UK mkt is beyond parody now |
This market baffles me |
Agreed, a nice RNS today : healthy Q3 update + a major new order worth $59m for titanium stress joints, boosting an already strong sales order book
Trading kept positive momentum, so Board remains comfortable with the current EBITDA expectations of $96-100m 🙌🙌 |
New $59m order, trading well and comfortably in line...naturally the share price will be down multiple percent today |
Hunting will not be taken out at this point in the cycle. Please get real and stop repeating the same thing over and over. Family control and good understanding of the cycle. |
Another small cap taken over today so bit by bit the UK market is disappearing. The same will happen here unless institutions decide to value our companies realistically. |
Good luck to holders. I've banked my 208p entry with 4 x 30k block trades this afternoon. More than happy with the returns in ££ and personally don't like the market set-up with Israel tragedy in the background, and the associated potential for left-field geopolitical shocks. |
Added with some dividend money that went in today from elsewhere. Have another one due in a few days so may add again if still getting trashed in our marvelous UK mkt |