Hunting Share Discussion Threads

[mach100] 19/10/2013 15:55

Lovely rise rise 62.5p to close at the weekend at 872p. Wonder was the rise driven by Schlumberger's forecast beating results in the States. GE's oil and gas business was 18% ahead in revenue on the last quarter.

Nice divi to come on 6th November too where hopefully it will be bobbing its head over 9 quid a share. Glad I didn't trade these now I would have been caught out by the bounce.

[mach100] 29/8/2013 19:42

Am thinking about topslicing some of my holdings after today's rseults. I think this is a good company in the long term, nicely diversified and has a huge market presumably in Shale gas in North America. In hindisght I would have liked to got out at 8am today. The fall in underlying profits is slightly worrying and I sure don't want to watch these drift down. I would prefer to sell and buy back in weakness. The statement said the results were slow and solid but the market took a different view.

[rogerrail] 15/7/2013 23:05

boomtime for US oil production, should guarantee bumper profits for oil services companies like Hunting for many years to come, particularly as the oil requires more engineering effort to get at :

[mellorscarthwaite] 07/10/2012 10:58

Hunting Plc (HTG) gained 3.4 percent after Deutsche Bank AG named the company among its preferred U.K. oil stocks.

[northernlass] 11/9/2012 10:57

BROKERS REMAIN BULLISH FOR HUNTING


30 August 2012

Finncap reiterates its BUY recommendation for Hunting with a target price of 980p.

31 August 2012

Barclays Capital reiterates its Overweight rating for Hunting and sets a target price of 1,060p.

03 September 2012

Investec reiterates its BUY recommendation for Hunting with a target price of 950p.

07 September 2012

RBC Capital Markets reiterates its Outperform rating for Hunting offering a target price of 1,050p.




P.S.
Here's some links about SCLP, one of the hottest stocks at the moment:

[mellorscarthwaite] 07/9/2012 15:59

delayed re-rating on the way

[jon827] 30/8/2012 08:10

well teh pop didn't last long

[jon827] 30/8/2012 07:55

lol, no idea!, i know it bounce off a good support line (762) yesterday and made a nice hammer candle.... could do

[mellorscarthwaite] 30/8/2012 07:49

spot on will it lift?

[jon827] 30/8/2012 07:35

some good result from HTG today

[rogerrail] 26/3/2012 12:49

Article below illustrates potential for HTG, and thats just in the UK which has just a small fraction of the untapped resources available on the continent

[davidoffetc] 06/3/2012 08:29

anyone know why so many trades seem to be reported late on this?

[apad] 22/2/2012 08:08

As posted on KENZ board:
FT on AMEC:
Samir Brikho has switched on the fog lights. On Tuesday, the chief executive of Amec, the UK oil services group, not only reported a 13 per cent jump in annual earnings per share; he also peered into the gloom to forecast that it would hit 100p by 2015, two-fifths higher than 2011's level. In addition, he announced a £400m share buy-back and a 15 per cent dividend increase – sharing the spoils of Amec's growing order book and a backlog of £3.7bn. That is rare optimism and Mr Brikho probably expected investors to be impressed. Instead, Amec's share price over the day barely moved. But that was not too surprising. Amec's shares already trade at about 14 times 2012 earnings, close to the FTSE 350 oil equipment services index's multiple. Although the company boosted EPS 13 per cent last year, it will need to maintain this clip to hit its 2015 target. The company believes it can do this organically. But it has also flagged that acquisitions are on the horizon. Debt-free Amec certainly has the capacity to buy some rivals. The £400m buy-back will soak up four-fifths of its current cash balance. But it is a strong cash generator. Assuming that it keeps its net debt below twice its earnings before interest, tax, and amortisation (£300m last year), and any purchase yields ebita of 23 per cent of its equity value – in line with Amec's – a £900m-odd acquisition is possible.

So rumours it may try to buy UK rival Petrofac are likely to be false. Petrofac's market capitalisation is £5.3bn. That means any attempt would require a chunky equity call from Amec's shareholders – something Tuesday's share buy-back appears to negate. Smaller rivals Hunting or Cape are possible targets, but could be more asset heavy than Amec would like. But with its shares trading at fair value, further upside looks dependent upon acquisitions.

apad reply:
If you want to go hunting for AMEC takeover targets, go looking amongst the specialist engineers that bring a significant technical advantage to AMEC, rather than its general competitors. AMEC has significant technical expertise in nuclear technology (e.g. safety codes) - it will be looking for adding technical value in preparation for the start of the Nuclear New Build program. The Hunting speculation in the FT article was spot on, in terms of technical fit, if it is for sale.
The interesting question is: "what's the short list?".
apad

[the shuffle man] 17/2/2012 10:15

I have been waiting for an opportunity to take a position and after the recent pull back have taken the plunge.

Results next month should provide the catalyst for the next move up

[rogerrail] 20/1/2012 12:36

v good results from Schlumberger should be reflectd in HTG's performance

[rogerrail] 13/1/2012 16:34

If I knew that I would make a mint! depends on a number of things including whether the trend in shale gas rigs continues on its increasing trend , how well HTG integrates it's recent takeovers, whether the demand for energy stays strong, whether the world goes into recession etc. not without risks but a good bet based on it's last IMS even in current economic conditions, we shall see if they are on course at the next prelims announcment in march.

[a3477681] 13/1/2012 15:23

Roger Thank you. Do you think they should make 1150? If they do it will have made my wait, since 20/12/05 @ 310, worth it !

[rogerrail] 10/1/2012 13:16

Recent broker recommnedation from Goldman Sachs, target 1150 in 6 months

[a3477681] 10/1/2012 08:48

Quiet on here considering the move its making. I have held this for ages expecting it had to pick-up. Anyone know of some broker recomendations?