Hunting Share Discussion Threads

[davidbh] 10/9/2006 21:25

See "The Business" newspaper,10/09 Page 16 "A Hunting we will go". -says "Has further to go".

[jakleeds] 08/9/2006 09:24

The following post tahnks to from Griff MG on the Ample board, posted Aug 2005 folowing the Cromar acquisition (worth mentioning also that they have said Cromar is performing ahead of expectations):

"....it's fully patented and will render a lot of well technology obselete overnight.

I understand it's on trial or about to be - Cromar have a track record with innovative design, they (well Fred) invented a quick release in-situ test coupling which enables users to change over workover equipment without filling the bulk of the interior space of the kit with inert gases. I *think* they use nitrogen for this and instead of needing (say) 20m3, you can test with just 20cm3 - saving 000's on each workover.

They have a web site, www.cromar.com - I've worked with them for about 15 years, in fact they (or part of them) still use one of my Clipper systems!"

[old giggleswickian] 08/9/2006 09:13

jak,
Be thankful because there is usually in inverse relationship between quantity and quality on bb's. It seems to me that this company knows what it is doing and is getting on with the job. Athabasca has been on the periphery of the oil industry for some time but the way things are going it could become very much a front line oil production area. All there is for us to discuss is an exit strategy and I suspect that we do not need to excercise our minds too hard on that for a couple of years unless there is a particularly violent move up in the share price in the near future.

Ian.

[huggybear1954] 08/9/2006 09:07

jak,
I agree the company does seem to lack visibility. Don't want loads of 'pump and dump' merchants here but a wider audience would be welcome.

[jakleeds] 08/9/2006 09:03

Indeed OG, the chart is beautiful. What surprises me is how quiet the board is.

[old giggleswickian] 08/9/2006 08:55

jak,
If I remember rightly, in the past profits in second half have been similar to first. On that basis we could be looking at close on £80m for the full year. For the last two years I have had a long term price target of 600p but that could change. What I find extraordinary about this company is the orderly way the share price has progressed.

Ian.

[jakleeds] 08/9/2006 07:46

HTG given a good value rating in this morning's IC at 446p, but more significantly they say that Evolution Securities have upped their profit forecasts for the year to £70m, giving eps of 32p.

The IC also says that Hunting sees plenty of scope to grow the business organically and push into new geographic areas.

(ABN had earlier upped their forecasts to £60mill).

[jakleeds] 06/9/2006 09:07

If it carries on like this we could see 5 quid by end of week, still too cheap even at that price

[manistaty] 05/9/2006 13:23

Very interesting...

[huggybear1954] 05/9/2006 12:57

I know we visit this at every set of results but it is hard for me to understand the discrepancy in valuation between HTG and Wood group. Today WG. announced marginally higher pre-tax profits at about £40m, their net assets are higher at around £319m compared to HTG's £197.5m but can this really justify more than twice the market cap?

[robbie12] 04/9/2006 09:11

2 new broker targets that I have seen - ABN 550p and someone else at 515p.

Sector trades on 20 plus x earnings. This is on 16x.

[jakleeds] 02/9/2006 09:54

Hunting (LSE: HTG.L - news) was also a top performer after interims today, up 38 pence to 448.
The energy services group reported an 85 pct rise in first-half pretax profits to 35.3 mln stg, up from 19.1 mln, and said it is confident it could deliver another robust set of results in the second half.
In reaction, ABN Amro reiterated its 'buy' recommendation and placed its 440 pence target under review, arguing that the group's pretax profits beat its expectations by 45 pct.

(NB, A 45% increase from a target of 440p gives a new target of 638p).

_____________

Evolution Securities reiterates its add rating for WSP Group (LSE: WSH.L - news) , raising target to 550p from 440p, has a buy rating and 70p target for Torex Retail (LSE: TRX.L - news) , an add rating and increased 480p target for Hunting (too low imo!!)

[huggybear1954] 01/9/2006 20:06

perhaps he's trying to get in on the cheap! This is only going one way; the question is 'how far?'

[jakleeds] 01/9/2006 16:33

Pass on Hunting?! - the guy having a laugh or what?

[tinker] 01/9/2006 16:21

Apparently Tempus in the Times says 'pass on Hunting' but then what does he know?

[jakleeds] 01/9/2006 14:44

Well done Tinker, nice find. Looks like we'll finish well into the blue.

[rogerbridge] 31/8/2006 22:17

Always money in picks and shovels when sector is booming.

[rogerbridge] 31/8/2006 18:35

Brilliant results should be good news for others such as PFC too.

[jakleeds] 31/8/2006 14:15

ABN Amro repeated a 'buy' call on the stock and raised its pretax profit
estimate for the year to 60 mln stg from 49 mln.

[jakleeds] 31/8/2006 10:28

Just a quick reminder re the upgraded forecasts put out in June 06:

EPS '06 upgrades: T&G 21.4p (+6%), ABN 22.7p (+10%). 420p and 440p TP's respectively.

They've already done 16.6p at the half year stage, so we must be looking now at well over 35p for the full yr, giving target prices of close to 7 quid I reckon

[jakleeds] 31/8/2006 09:42

Yep looks really good, I expect a strong breakout from these levels, similar to what happened at HYC

[huggybear1954] 31/8/2006 09:02

OG - totally agree. Given these figures, HTG looks to be severely undervalued. A full year pre-tax of £70-80m would put them on a p/e of 7-8 at current prices. Would look for these to move out of the current trading range. £6+ would not be unreasonable IMHO.

[old giggleswickian] 31/8/2006 07:16

Consensus forecast for pre tax year £50.15m and actual for 6 months £38.5m. Seems to me that things are going well at HTG!

Ian.