Read across from Wood Group |
Berenberg raises Hunting price target to 365 (345) pence - 'buy' |
Lots of cash leaving green investments.. |
No. Look at the main shareholders |
You can hear from the CEO and FD directly TOMORROW at 1.30pm . Webinar open to all investors , simply register here: |
I think it’s a sitting duck for an American company to take over. I would expect £5 minimum. |
Can we finally break £3 or will woke pension fund and fund managers continue to sell this "dirty oil" company.... |
 "In-line FY23 update, further progress anticipated"
New report here:
Good revenue progress, a strong EBITDA uplift (and margin expansion), an ungeared year-end balance sheet and the in-year launch of an ambitious 2030 strategy represents a healthy FY23 scorecard for Hunting. Furthermore, additional order book growth and unchanged management guidance positions the company well to achieve further progress.
A number of large contract awards announced at the end of FY22 and as FY23 progressed contributed meaningfully to the FY23 outturn. In addition, Hunting ended the year with a record US$575m order book (versus US$473m a year earlier).
Hunting’s balance sheet is confirmed to be broadly funds neutral at the end of FY23: indicative, we believe, of good cash collection in H2/Q4 on an elevated revenue base. Together with further anticipated earnings progress in FY24 and FY25 feeding into positive cash generation, this provides a strong platform for prospective M&A activity and potential further earnings upside.
ED estimates are unchanged at this stage, as are previously identified peer group discounts of c. 20-30%. Our fair value is also unchanged in US dollar terms, but after adjusting for FX changes now translates to 407p / share - still almost 50% higher than current levels. |
Yes surely re rate on the way |
A very strong trading update and this forthcoming year looks set to be a very very good |
Save the Date! 11th January - Investor Presentation (sign up below)
Hunting PLC (LSE:HTG) is a global engineering group that provides precision-manufactured equipment and premium services with a diverse product portfolio. It is seeking to grow rapidly in Energy Transition sub-sectors, as well as deepening its presence in other non-oil and gas areas.
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: |
Update 10 jan |
xxx there is a thorough review of all activities in the recent ED initiation research note : |
Hunting flagged as one of the Shares Mag stock picks for 2024 |
hxxps://huntingplc.com/products-services is what it does |
Can anyone point me to what the company does in aerospace + defence ? Unclear from website. Recent events have caused hesitation. |
Stop moaning. Just keep accumulating over time. I said a couple of years ago this could go sideways for ages. Business is slowly improving and imho we are at the beginning of an energy CAPEX cycle. It's high quality and much cheaper than competitors in the US. |
That's all the UK mkt does. It's one reason why this country is weak. Never supports companies, just sells them off cheap |
I can see this as a sitting duck at the moment. |
Traded this twice this year for decent profits, looking interesting again at the 250 line. |
Oil demand is their driver not a traded price. Plus they are branching out beyond oil, if slowly |
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