Hunting Share Discussion Threads

[rogue trader3] 11/12/2007 09:16

Anybody still in this? Every day i've told myself I should have sold but I've kept holding to see all my profits disappear. Poor trading on my behalf although i'm convinced we'll see some support around this level. If not I will sell as this will probably tank to 600. Despite being a good company you can't fight market sentiment. Anybody got any thoughts?

[beercapafn] 20/11/2007 22:20

Old Giggleswickian

What an exoplanet post. Shows good investor knowledge. I had picked up most of it over the past 6 months or so but you put the Famliey, Tax (18%)and the volity in perspective. I am much happyier with my £1.20 a share loss.

NOT being sarcastic. But would comment if the family do decide to sell for tax, what would that do to the share price. They could sell at a 10 % discount and still break even.

Jim

[old giggleswickian] 20/11/2007 20:56

huggy,
Between now and the end of the financial year HTG will be a prime target for takeover rumours on account of the "family" holding. The Hunting family hold at least 15% of the stock and maybe more so the move from 10% tax to 18% would be significant. I am not saying that there is anything substantial behind the rumour but the fact that there is a rumour does not surprise me. Current "talk of the town" is the private property group Miller where a large part of the family, representing 60% of the company are looking to sell, presumably in part to reduce the tax liability.
I doubt that anyone close to the company is going to expect growth on the same scale as the last four or five years so I could well imaging there being an orderly queue of Huntings waiting for their cash if there was the prospect of £9.
In fact I have been here for about six years so I would approve of £9 before April. If it were to happen after that I might have to claim political assylum in Monaco because some accountant has already passed on my particulars to the IR.

Ian

[henleytrader] 19/11/2007 21:43

Lets hope HTG can recover the losses over the next few days. If a takeover
is still alive, I suspect a little tree shaking.

As wood Group also fell 2.5% today, volatility in the market seems to be
affecting a lot of shares.

I will be interested to see if Mr Burns is still holding HTG on Wednesday.

Great info from above posts, settled my nerves a lot after rocky day.

[old giggleswickian] 12/10/2007 17:55

Could have just been the response to a Broker recommendation. The longer term outlook for the company is much the same as it was at the last annual results.

Date Broker Name Recommend Price Old Target
11-Oct-07 Evolution Securities Buy 783.00p 800.00p


Ian.

[beercapafn] 11/10/2007 19:00

A rise of 5 % + is not just rumour. someone has put thier money were our mouth is.

Jim (;-)

[v01101999] 11/10/2007 16:14

what is happening to HTG though?

[v01101999] 11/10/2007 16:14

is it rising simply on the news of ABBOT GROUP?

[spob] 11/10/2007 12:17

rumours of bid for petrofac

[pgrifster] 11/10/2007 11:41

A lot of activity here today - anyone know why?

[beaudelaire] 04/10/2007 07:32

This sector to be re-ignited after the takeover of SONDEX by GE.
Future targets are PFC, EXR and HTG (maybe WSM).

3i makes 375P indicative offer for Abbot Group

LONDON (Thomson Financial) - Private equity group 3i is understood to have
made an 375-pence-a-share indicative offer for Abbot Group PLC, the Financial
Times reported.
The proposed deal values the oil-services group at around 870 mln stg and 3i has been granted limited due diligence. However, the newspaper said a deal is not imminent. Founder Alisdair Locke is understood to be interested in selling all or part of his 12.96 pct stake in the group, with his holding worth 112.8 mln stg at the offer price.
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[huwrayhenry] 30/9/2007 18:44

increased vol. push on friday to finish above 665.
up move should test 750.

heres hoping
hh.

[old giggleswickian] 20/9/2007 17:55

pyman,
I think that most if not all of Hunting's earning as in $US.

Ian.

[pyman] 20/9/2007 16:13

presume the dollar is having a very negative effect on perception. Gibson (45% of pretax) opperate in canada- if the majority of their earnings are in canadian dollar - thats fine! its strong. = more us$earning on translation of currrency .Rest of earnings not all american $$. I can t see actual dollar exposure statment from the company. Anyone know? Getting tempting to buy back in - big support at £6-10- dont think it will go that low though.

[v01101999] 06/9/2007 12:53

Out of my short position at 677. I am of the opinion that it might go further down but since it was a LONG/SHORT pair with SDX/HTG, I am moving out of this position more driven by SDX long position closure. Good trade though.

[jazz318] 01/9/2007 14:10

The Independent article sums up my thoughts on this excellently run company. Definitely a long term core holding if you are of the opinion that oil has a further to rise in the years ahead. I hold that view so 700p was a great opportunity to add after top slicing over 800p. It doesnt always work out as well as that but its nice when it does. Restores one's faith dunnit!

[old giggleswickian] 31/8/2007 21:18

I think we may be suffering from the effects of a little too much success here. We have had five good years and it is not as though the company has gone backwards in the last six months. I think the piece in the Indie today puts the situation in perspective quite well.

Ian.

[wjccghcc] 31/8/2007 15:08

Working out rather nicely for my buyback. Also for your long on SDX. If the major services companies are flexing their muscles, then HTG isn't much of a morsel to swallow if they're looking for exposure to the oil sands. Could be quite possible given the proposed tripling of production there over the next 4 years.

Re 39.5p, well that means they'd need to increase H1 EPS by 18% which isn't unfeasible. You might be right regarding the $ but I think Moosejaw's contribution will be considerably better in H2.

[v01101999] 31/8/2007 15:01

Added further to the same trade as HTG has climbed in line with the SDX news. So more short on HTG.

[v01101999] 31/8/2007 12:19

Reading the results once again, I feel that HTG would not be able to meet 39.5 p EPS and there might be some re-rating required. Also I do not expect USD to rise anytime soon and that would add to more pain. Overall therefore I am now finding HTG bit overvalued.

I have added a SDX/HTG as long/short pair.

[wjccghcc] 31/8/2007 08:09

Wouldn't be so hasty. I see Oriel have kept this year's forecast flat at 39.9p but significantly upgraded next year's forecast to 49.8p. Puts them on a forward PE of 14.

Would seem to support the view that this year's Canadian hiccup is more a blip in the scheme of rising long term investment in the oil sands. Will be interesting to see if the other brokers follow. Bought some of mine back at 700p.