Hunting Share Discussion Threads

[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

[edmonda] 17/4/2024 07:36

"On track to deliver further progress in FY24" - new research report here:

Commentary and financial metrics in Hunting’s AGM/Q1 update confirm that the company has progressed in line with its FY24 targets thus far in year-to-date trading. Q124 EBITDA was well ahead year-on-year. This represents a good step towards the flagged US$125m-135m range for the year, with ongoing momentum in the strongest market segments.

Group revenue has continued to grow well, being up c.16% year-on-year in Q1 and c.7% ahead compared to Q423, a strong quarterly close to FY23. Shipments against previously disclosed large contracts in the OCTG and Subsea product groups and broad business development in Advanced Manufacturing have been the primary drivers in generally firm underlying markets.

While the group order book has nudged c. US$21m lower than the year end position as larger orders are worked through, US$544m on hand at the end of March still represents a strong position in a historic context. We are also aligned with management expectations for inventory positions unwinding over the remainder of the year.

Updating our P/E and DCF methodology for market movements (including £/US$1.25) now yields a blended fair value for Hunting of 436p / share: up from 407p and over 20% above the current share price.

[dope007] 17/4/2024 07:02

No issues there in the trading update

[valuehurts] 13/4/2024 19:51

Shout out by Roland from stockopedia at around 10 mins. Seems he has a position with us. Notes the potential for good growth at a reasonable price but not a hold forever stock. https://www.youtube.com/live/HnAnm-SZEWc?si=SVBJrwxZV1rw5X1A

[dope007] 12/4/2024 14:37

Good update being expected I take.

[valuehurts] 10/4/2024 11:00

Broke out yesterday. Hopefully this is the beginning of a nice run over the next 6 months.

[dope007] 09/4/2024 08:57

Been a good couple of weeks here

[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.