Hunting Share Discussion Threads

[huggybear1954] 24/3/2006 18:09

jakleeds, you were right about Fridays. Another little push and we'll be through the 4 quid mark!

[jakleeds] 23/3/2006 09:01

I think this has got something to do with the rise, haven't posted the article but here's the link

[jakleeds] 23/3/2006 08:11

Normal service resumed, I think the market is factoring in that Fidelity have nearly got rid of their holding, so the price is now being rerated accordingly

[huggybear1954] 21/3/2006 08:52

Looks like the onslaught is not over yet! Interesting that we've seen Fid dumping for the past few months, but no notification of other institutions buying. So, we have to assume that these are being soaked up by private investors.

[jakleeds] 20/3/2006 11:43

Quite right Huggy, well spotted.

I guess the moral of the story is don't buy Fideltiy funds, their goings on at HTG have certainly put me off them

[huggybear1954] 20/3/2006 11:40

Does make you wonder where the price might be now if FID had not been dumping stock all year. I also find it hard to understand why they're getting out. If ever a company had given out positive signals, HTG must be it. Now FID's holding is less than 3% I don't think there needs to be any further announcements as and when they dump the rest. If I'm wrong here, please correct me.

[jakleeds] 20/3/2006 11:17

Fidelity dumping more stock, but the great thing is that it has not had an adverse effect on the share price

Makes you wonder what they are doing, selling such a great stock, what are they going to buy in its place?

They've only got 2.8million shares left, so once they are cleared I think we can rellay start a big push upwards.

[jakleeds] 17/3/2006 15:50

Another good day indeed, let's see if we can finish at a day and a week high. HTG seems to have a habit of performing well on fridays.

[e-boffin] 17/3/2006 12:36

Looking very strong. Another good day.

[huggybear1954] 16/3/2006 09:58

rafieh
I hope you're right and yesterday's volume was down to the last push by Fid to get out. Certainly seems a lot quieter today. An RNS in a day or two will confirm.

[rafieh] 15/3/2006 20:29

huggybear,
Well, it didn't last for few weeks, not even few days! Went up sharply on very good volumes, in fact the third largest volumes ever in the history of this company!
Should be reassuring for the holders.

[huggybear1954] 14/3/2006 16:06

Fidelity obviously don't want to be in the oil services sector. I see they are also selling Wood Group. Another 4.5 million HTG shares to go so I guess this overhang will suppress the price for another few weeks. Holding up reasonably well seeing that Fidelity have offloaded about 10% of the company this year.

[huggybear1954] 10/3/2006 17:02

Another million+ disposal by Fidelity but a blue day so I guess these must be being picked up by another institution. The trades showed 2 large individual trades today, 1 just over a million and another of nearly a million and a half. Maybe we'll get another RNS showing who's buying. Looking good IMHO.

[huggybear1954] 09/3/2006 11:38

Oh well, at least we now know the reason for the fall. Fidelity have offloaded another million shares. I guess everyone has to take some profits at some point.

[huggybear1954] 08/3/2006 13:15

No, you can't spread bet in a SIPP. I tried to make a regular purchase in my SIPP which couldn't be executed automatically and I didn't want to leave an open order. As I have recently opened an account with Spreadex, I took a September spread bet with them instead.

[dazw] 08/3/2006 13:04

Can you spread bet inside of a SIPP? Does that mean the MM's have no stock if they can't fill a 1000 order?
I would have topped up myself but Hunting now accounts for 16% of my portfolio, too risky having anymore.

[huggybear1954] 08/3/2006 12:56

Well, this has come as a bit of a surprise. Hardly large volumes as yet. Maybe Fidelity have started offloading again and we'll see some delayed trades later. Got to be a stonking buy after the recent results at this price!

Just tried to buy 1000 on-line for my SIPP but couldn't execute the trade automatically, so took out a small spread-bet for September.

[dazw] 08/3/2006 12:38

Looks like the MM's are having a laugh today! Hold tight guys/girls and don't let them lure you into giving them cheap shares!

[dazw] 08/3/2006 12:33

another bad day!

[huggybear1954] 07/3/2006 13:23

Nothing to get too alarmed about IMO. Bad day on the market all round so far. Some others that have had a good run recently are being badly hit too. Good opportunity for those with some cash available.

[dazw] 07/3/2006 13:02

Whats going on? I was expecting it to hit 400 before the profit takers went in, not that there seems to be much selling going on, infact there are a couple of huge buys gone through today. Very strange. Thoughts anyone? Level 2 anyone?

[jakleeds] 04/3/2006 12:25

....or a useless thing, depending on which way you look at it!!

[huggybear1954] 04/3/2006 10:04

From today's Daily Mail 'Broker buys' section

'HUNTING: T&G says buy at 347p (now 380p). Good results and a 33pc hike in the final dividend. A prime beneficiary of higher capital spend by oil companies. Target price 424p.'

I have to say that while this is good coverage, it makes me laugh. So T&G said buy at 347p (pre-results price) but the rationale is based on the results themselves. Hindsight's a great thing!

[old giggleswickian] 03/3/2006 22:58

Huggy,
I like your thinking, especially on WG. and we only have to wait till Monday to see their report. All we need then is rumours, well founded or not, regarding interest from American predators. The numbers you give lend rough credence to the point made in the press a little while ago about HTG being at a 40% discount to similar American companies. Last Sept the Telegraph said "a discount to the sector, which normally trades over 20 times earnings." See post 445.

Ian.

[huggybear1954] 03/3/2006 18:16

Just been doing some comparisons with 2 other companies in the sector, Abbot and John Wood. It just leads me back to thinking that HTG is still heavily undervalued. Both the above companies publish their finals this month. Unlike HTG they have both indicated that their results will (only) be in line with market expectations. So we have:-

Company Pre-tax Market Cap
Abbot 24m (e) 540m
John Wood 69m (e) 1300m
Hunting 41m (a) 490m

I know there are other factors such as gearing which I haven't investigated although HTG has reduced it's gearing significantly. It will be interesting to see if HTG is uprated when these two publish their results.