Hunting Share Discussion Threads

[stupmy] 23/3/2023 15:47

Well, I've been accumulating and am hoping that we're at or close to a low.

[valuehurts] 18/3/2023 12:07

Good results. Presentation very positive. Good to see almost all business segments accelerating. I like the fact they point out weaknesses like Enpro. Good to see analyst pulling down that forward p/e. We are still v early here...

[spooky] 17/3/2023 17:15

Stopped out of a starter position a second time.

[stupmy] 17/3/2023 10:31

Sorry, I got confused. Trading statement due 19/04. Not sure what it was that I saw slated for that day, but obviously it's not happened! Sorry.

I'm looking at HTG more and more carefully. Impressive list of institutional share holders with about 50% of the free float in the hands of 10 institutions. One of those is Hunting Investments (I haven't figured out what that is, is that family holdings?). The board have a few shares from internal share schemes, with some selling to market e.g. Jim Johnson (exec director) selling 19,278 and retaining 29,712 shares. That's the biggest holder that I can find. Why not more active buying from the board? Or have I missed something there.

Judging from the tone of the full year 2022 results plus their forward looking statements for 2023 things look set to get better for them. Although they say that the improvement is down to business picking up due to higher POO. That's falling back and a US recession could have it back to 45-55 dollars a barrel (WTI). I guess that's a risk. I've been buying small leveraged positions, but am interested in a longer term investment.

[gswredland] 15/3/2023 17:34

Brent crude falling like a stone

[chrisb1103] 15/3/2023 15:23

Eh what? They've already announced their results - on 2.03.23

[stupmy] 15/3/2023 15:16

Results tomorrow. In theory it should be good. Looks to me as if the problem faced by HTG is now is that they need to seek more capital, with the banking fears it's not the best time.

[gswredland] 15/3/2023 12:53

200p on the way?

[spooky] 15/3/2023 09:11

Stopped out of earlier trade. Started buying back again.

[sundance13] 14/3/2023 13:16

Topped up again today, massively oversold IMO.

[hollow88] 09/3/2023 20:38

i started buying a bit early but I'm of the opinion this should come back from here.

[spooky] 09/3/2023 17:06

FWIW i started buying back today, stop at days low.

[chrisb1103] 09/3/2023 13:27

Added this morning, should bounce back and continue uptrend imv

[trader deak] 09/3/2023 12:13

Now oversold. Good entry level soon.

[valuehurts] 07/3/2023 22:44

It's probably a value fund selling as the company is more expensive than many other oil services because it has a lot less risk. 6p/e in a few years as margins expand and the orders come back is what analysts are looking at. So probably a double within 2 years. 36% a year would not be too bad.

[charlotte2020] 07/3/2023 16:47

A very strange share price reaction here over the past week especially post a higher offer for Wood. I suspect some funds are still experiencing significant outflows.

[valuehurts] 07/3/2023 08:57

Good place to add her I think. Retesting bottom of the channel support.

[gswredland] 06/3/2023 15:57

I'm surprised to see HTG at these levels after the recent statement.
Can anyone enlighten me about the fall from 350 to 200 in the summer please?

[aishah] 03/3/2023 08:42

Also added.

[dope007] 03/3/2023 08:20

Picked some up just now

[sundance13] 03/3/2023 08:15

Berenberg cut to hold I believe. Added myself though after further fall today as looks overdone now

[dope007] 03/3/2023 08:11

Still waiting but someone for whatever reason is dumping

[charlotte2020] 02/3/2023 18:59

Ridiculous reaction to results