Hunting Share Discussion Threads

[tole] 06/6/2024 18:03

https://masterinvestor.co.uk/equities/tortillas-fast-cars-and-the-internet/Hunting ( LON:HTG) – Trading Update Early Next MonthThe global engineering group has announced another significant contract with the Kuwait Oil Company, to supply its oil country tubular goods, worth $86m.That takes the KOC orders up to $231m for OCTG casing.CEO Jim Johnson stated that:"We would again like to thank KOC for this order and the confidence shown in Hunting's proprietary premium connection technologies and strategic OCTG supply chains.The order supports our improving outlook for 2025, as international and offshore activity continue to accelerate."Analyst Daniel Slater at Zeus Capital is looking forward to the group's next Trading Update on Tuesday 9th July.He is looking for the current year to end December to show sales up to $1.08bn ($929m) with adjusted pre-tax profits of $91.2m ($50.0m), lifting earnings to 38.8c (20.3c) and covering a 13.0c (10.0c) per share dividend.This £682m capitalised group's shares look excellent value at 411p.

[hunter154] 04/6/2024 10:36

[...]

Kuwait is one of the smallest middle eastern producers…..I am hoping one of the others come thru too.
Also, rig count in US is low; when shale starts drilling, Titan sales will go up markedly.

[masterfly7] 04/6/2024 08:52

Over last 13 months - 3 largest single orders in Huntings history (150 years). Oil wobbling over last couple of weeks but this is now significantly undervalued at 415. Guidance will be massively upgraded for 2025 in early July.

[hunter154] 03/6/2024 10:26

They mentioned on the capital markets call last sept that they were negotiating a few deals in middle east.
Can you imagine if Saudi’s buy……we will be off to the moon.

[edmonda] 03/6/2024 08:06

More excellent news, with a second material OCTG order with Kuwait Oil Co, worth $86m for delivery in 2025. The OCTG casing and connections for this order are similar to the first order in May.
Strong momentum at HTG continues, with sales order book now at a record $751m 👋👋

[robertball] 03/6/2024 07:11

Bump up again??

[citys2874] 15/5/2024 11:09

Great day so far, have a look at KDNC worth buying too next multi-bagger in the short term

[dope007] 15/5/2024 10:02

thank F I only sold 20% of my holding!!!!

[citys2874] 15/5/2024 09:43

up 22 percent 460.00taken out

[edmonda] 15/5/2024 08:49

Agreed - really good news: indeed a record US$145m OCTG order

You can isten to summary and read full analysis in new research note out from Equity Dev here:

[citys2874] 15/5/2024 08:39

off topic tip KRS is also worth buying news due soon will double up

[citys2874] 15/5/2024 08:38

4.40 taken out....looks like this is heading for 5.00 today

[robertball] 15/5/2024 08:23

I regret not keeping to my 15% stop loss. Selling when triggered and buying back again later

[supersta] 15/5/2024 08:14

Great news. Well done to all that have remained patient with this. Finally come good. Managed to trade this over the years but so glad I kept a decent wedge in.

[citys2874] 15/5/2024 08:07

Game changing win 145 million major order....wow.....should see this 5.00+ today

[dope007] 15/5/2024 07:44

Excellent news again

[mirabeau] 15/5/2024 07:06

that's a monster

[dope007] 10/5/2024 10:12

Dividend in my account, decided to sell a small amount (20%) after such a good rise making Hunting more fairly valued now

[robertball] 05/5/2024 09:05

Indeed. Maybe the direction of travel has shifted. And the net zero hysteria is abating..given that we are waking up to the cost of it...

[dope007] 04/5/2024 08:18

And morehttps://www.telegraph.co.uk/business/2024/05/03/north-sea-oil-drilling-net-zero-deadline/

[dope007] 03/5/2024 13:27

More good newshttps://www.theguardian.com/environment/article/2024/may/02/sunak-to-allow-oil-and-gas-exploration-at-sites-intended-for-offshore-wind?CMP=Share_iOSApp_Other

[dope007] 17/4/2024 09:43

So what the hell was all that about?

[masterfly7] 17/4/2024 08:14

Ahead of management expectations and the share price is down 4% - that’s LSE!

‘Positive start to the year, with EBITDA of c.$28.9 million during Q1 2024 (Q1 2023 - c.$22.4 million), marginally ahead of management's expectations.’

[robertball] 17/4/2024 08:07

Forward PE anyone?

[charlotte2020] 17/4/2024 08:05

Why do we bother