Hunting Share Discussion Threads

[epistrophy] 30/6/2023 15:20

I'm back in for a punt.

[valuehurts] 29/6/2023 20:59

How many times do we have to explain controlling family are not stupid and will not sell. Especially coming out of the bottom of a cycle. They didn't even sell to SLB at the top of the last cycle.

[dope007] 22/6/2023 10:18

And it gets sold by people....https://www.rigzone.com/news/2023_offshore_exploration_spending_to_rise_over_20_percent_slb-22-jun-2023-173148-article/

[rogen83] 21/6/2023 15:10

196.3p paid on my latest chunk

[rogen83] 21/6/2023 15:10

if things stay as they are then either a large engineering/field services company or private equity will take them over

[dope007] 21/6/2023 13:04

Just added a few this morning after selling BWSA pref shares due to a tender offer

[value hound] 21/6/2023 12:51

I was wondering the same. I thought I'd timed my latest purchase well at 202p.

[aishah] 21/6/2023 12:38

Wonder if an II is dumping? Constant price drift does not make sense based on company updates

[dope007] 20/6/2023 19:00

Now below the price when they announced increased profits and new contracts. Shocking and uneducated disliking of anything oil related. No oil = no industry and no modern standard of living

[salpara111] 18/6/2023 10:59

Been watching this for a while but not invested yet.
Rather disappointed that the recent positive news does not appear to have reversed the down trend.
POO is relatively robust and they aren't overly exposed to the hostile UK oil investment landscape. Not sure what it will take to change the sentiment here.
Still on my watchlist, I guess I will take some if it falls much further.

[gswredland] 16/6/2023 15:33

200 0n the way?

[ch1ck] 16/6/2023 10:19

I agree the uk market needs a complete revamp. Rather than slackening rules for investment and shorting for hedge funds they should be tightened. There is complete corruption in the system back by the UK government who rely upon the US for and real governance.This is a solid company and most likely will be taken over by a US hedge fund for peanuts.

[robertball] 16/6/2023 04:30

Is anybody looking at Nextier or Patterson UTI - same sector

[elsa7878] 12/6/2023 19:36

Seen the oil price and US rig count? Might explain it.

[dope007] 06/6/2023 08:44

I was being tongue in cheek based on the tragic state of the UK mkt and the fact it sells off all its good companies due to chronic undervaluations

[valuehurts] 05/6/2023 22:58

Slaley is also a family vehicle + the trusts and those held by individual family members etc add up to 15 percent.

[valuehurts] 05/6/2023 18:22

Sure the family will sell to the Chinese. Wouldn't sell to SLB at the top of the cycle but they will sell to the Chinese as the business is rapidly improving and they think the shares are dramatically undervalued.

[boystown] 05/6/2023 17:54

From Master Investor

Hunting (LON:HTG) – Rising Order Books

Last Tuesday morning saw the announcement by this group of a new major contract combined with fresh 2023 full year guidance for investors.
It secured a record $91m Oil Country Tubular Goods three-year contract with Cairn Oil and Gas, in India, covering some 100 wells for that company’s operations in Rajasthan.
With this order, Hunting’s sales order book now is some $575m, which represents a material increase since the year-end.
Based on the timing of the first deliveries of that order, the group’s management now believes that the 2023 full year EBITDA will be in the range of $92-$94m, which represents a further increase to the guidance issued at its 2022 full year results in March 2023.
Hunting provides tools and components for oil and gas and energy industries.
The company operates through Hunting Titan, North America, Europe, Middle East and Africa, and Asia Pacific segments.
The Hunting Titan segment manufactures and distributes integrated and conventional gun systems and hardware related products. This segment also offers H-2 and H-3 gun systems, controlfire switches, powerset charges, EQUAfrac shaped charges, and T-Set tools.
The North America segment offers subsea equipment, intervention tools, electronics and deep hole drilling and precision machining services, as well as connections and oil country tubular goods.
The Europe, Middle East and Africa segment supplies threading, legacy pipe storage and related accessories.
The Asia Pacific segment manufactures connections, accessories, and intervention equipment. 
CEO Jim Johnson stated that:
“Hunting’;s successful run of significant OCTG and Subsea orders since H2 2022 demonstrates that our technology and global footprint is well positioned to deliver significant growth in the medium term.
US market activity remains stable and with the orders received for China, Guyana, Brazil and now India, Hunting continues to see a strong growth profile given our standing and recognition with major energy companies, coupled with the strong international market sentiment being reported in many regions.”
Following the group’s latest guidance to the market, analyst Daniel Slater at Zeus Capital has substantially upgraded his current year and his 2024 estimates.
For the year to end December Slater now goes for $861.7m of sales against his old estimate of $815.9m, for its adjusted pre-tax profits he lifted it 25% to $51.9m, and similarly 25% better for earnings to 26.1c, easily covering a 10c per share dividend.
For the coming year his figures are progressed 6% on sales to $991.9m, profits 12% better at $61.0m, lifting earnings 12% to 27.9c and covering a maintained 10c dividend.
To come in line with others in its sector Slater puts an immediate value of 285p on the group’s shares, however he states that:
“In our view, Hunting’s level of intellectual property, business position and positive momentum should justify a premium to this level. Using 7.0x our 2024 forecast would imply a valuation of around 355p, which we think is fully achievable given the ongoing momentum in the business.”
The £365m group’s shares, which were up to 343p in mid-January this year, were down to 201p just before this week’s news.
The closed at 219p on Friday night, which in my view offers an excellent buying opportunity.
They are on their way back upwards again.

[elsa7878] 05/6/2023 15:42

Their stake is not that material: Hunting Investments Limited 11,003,487 6.7%.

[dope007] 05/6/2023 12:14

And before you know it the family will sell up t the Chinese at an agreed stock price and the FTSE loses yet another company