Hunting Share Discussion Threads

[robertball] 03/4/2024 17:04

Update 17th AprilAnyone going to the AGM?

[valuehurts] 26/3/2024 23:41

It is squeezing up again on support after that last fake out. Shouldnt be too long now till we see another big move. The lows are getting higher and higher. Absolutely massive order today so probably some funds arranged a large trade. I wouldn't be surprised if a US value fund was the buyer. If you look at Saipem that has just broken out and has been going vertical the forward PE is about the same.

[dope007] 26/3/2024 16:45

Decent volume today

[heialex1] 19/3/2024 22:52

Great recoveryStill good value as will be multi year improvement in business

[stevieweebie2] 18/3/2024 09:37

dunno but its very welcome. I think this sector is about to have a reset.

[milliecusto] 15/3/2024 11:11

What's with the jump other being under valued at current share price level

[dope007] 06/3/2024 18:19

I'll be buying back the few I sold and some at this rate

[stevieweebie2] 06/3/2024 16:55

shocking.
HTG and Nat Gas make good bedfellows.

[dope007] 06/3/2024 16:17

Don't you just love the London stock market!!!

[edmonda] 06/3/2024 12:53

"Guidance beaten in FY23 and unchanged for FY24" - report available from Equity Development:

Hunting delivered EBITDA of US$103m, ahead of revised guidance and the inferred year-end expectation, representing a 98% y-o-y uplift (and 11.1% margin, +380bp). Significant contract awards boosted Subsea and OCTG activities in particular, but top line progress was also accompanied by good cost control to deliver the full year outturn. A record year-end order book position leaves the company well-placed to deliver further progress in FY24, where guidance is unchanged.

At the headline level, Hunting delivered group revenue growth of 28% and margin progress (ie gross +90bp to 24.5% and EBITDA +390bp to 11.1%), feeding into a fivefold increase in pre-tax profit with EPS up over four times in FY23. The full year dividend rose by 11% to 10c per share, covered twice by earnings.

Against our selected peer group average, Hunting’s P/E and EV/EBITDA multiples sit on discounts of 25-30% and 20-25% respectively. Taking a simple average of our P/E and DCF based analyses generates an unchanged fair value per share of 407p.

[dope007] 04/3/2024 21:06

I think the 80k is a late reported sell that did the damage and the 71k is the uncrossing trade

[charlotte2020] 04/3/2024 17:03

Looks like some decent sized buys reported after the close

[dope007] 04/3/2024 15:45

Moves a lot on low volumes. Treated as a pariah by the numbnut ESG brigade but a quality outfit that's clearly on the rise.

[stevieweebie2] 04/3/2024 15:37

This trades like a penny stock. Wish it wasn't so volatile. I'm sure it never used to be, back in the day so to speak.

[dope007] 04/3/2024 14:57

This carries on I'll be buying those few I sold back!!

[valuehurts] 04/3/2024 11:34

Looks to be doing the standard pullback to retest the breakout. Should then move higher again.

[dope007] 01/3/2024 10:22

Agreed Robertball. It's an incredibly bullish sign

[milliecusto] 01/3/2024 09:12

Love predicted text should be nailed on not mallows ffs

[milliecusto] 01/3/2024 09:11

Early morning shake, £4 plus mallows on short term

[robertball] 29/2/2024 22:42

I think that the most interesting thing is the guidance beat.If I was the MD I would ensure that I met guidance, to do otherwise is to make you a hostage to fortune.So the beat means that they have done everything possible to reduce profits (eg discounting stock and WIP) but still can't get it down to guidance...

[muffster] 29/2/2024 21:35

Thanks D 007

[dope007] 29/2/2024 20:30

It means they can offset that amount against future tax liabilities. In simple terms they have overpaid tax and can reduce tax on profits in the future

[muffster] 29/2/2024 20:14

Edit: does

[muffster] 29/2/2024 19:53

What dies 83 million of deferred tax assets mean?