Hunting Share Discussion Threads

[pyemckay] 10/1/2024 08:17

I think it’s a sitting duck for an American company to take over. I would expect £5 minimum.

[dope007] 10/1/2024 07:59

Can we finally break £3 or will woke pension fund and fund managers continue to sell this "dirty oil" company....

[edmonda] 10/1/2024 07:58

"In-line FY23 update, further progress anticipated"

New report here:

Good revenue progress, a strong EBITDA uplift (and margin expansion), an ungeared year-end balance sheet and the in-year launch of an ambitious 2030 strategy represents a healthy FY23 scorecard for Hunting. Furthermore, additional order book growth and unchanged management guidance positions the company well to achieve further progress.

A number of large contract awards announced at the end of FY22 and as FY23 progressed contributed meaningfully to the FY23 outturn. In addition, Hunting ended the year with a record US$575m order book (versus US$473m a year earlier).

Hunting’s balance sheet is confirmed to be broadly funds neutral at the end of FY23: indicative, we believe, of good cash collection in H2/Q4 on an elevated revenue base. Together with further anticipated earnings progress in FY24 and FY25 feeding into positive cash generation, this provides a strong platform for prospective M&A activity and potential further earnings upside.

ED estimates are unchanged at this stage, as are previously identified peer group discounts of c. 20-30%. Our fair value is also unchanged in US dollar terms, but after adjusting for FX changes now translates to 407p / share - still almost 50% higher than current levels.

[stevieweebie2] 10/1/2024 07:33

Yes surely re rate on the way

[faz] 10/1/2024 07:10

A very strong trading update and this forthcoming year looks set to be a very very good

[edmonda] 02/1/2024 14:54

Save the Date! 11th January - Investor Presentation (sign up below)

Hunting PLC (LSE:HTG) is a global engineering group that provides precision-manufactured equipment and premium services with a diverse product portfolio. It is seeking to grow rapidly in Energy Transition sub-sectors, as well as deepening its presence in other non-oil and gas areas.

Jim Johnson (Chief Executive) and Bruce Ferguson (Finance Director) will give an Investor Presentation by webinar covering their year-end Trading Update at 1.30pm on Thursday 11th January 2024.

The online presentation is open to all existing and potential shareholders and questions can be submitted during the presentation to be addressed at the end. To attend the event, please register at the below link:

[robertball] 28/12/2023 08:34

Update 10 jan

[edmonda] 22/12/2023 11:57

xxx there is a thorough review of all activities in the recent ED initiation research note :

[villarich] 22/12/2023 11:18

Hunting flagged as one of the Shares Mag stock picks for 2024

[faz] 20/12/2023 16:09

hxxps://huntingplc.com/products-services is what it does

[xxx] 16/12/2023 01:14

Can anyone point me to what the company does in aerospace + defence ? Unclear from website. Recent events have caused hesitation.

[valuehurts] 05/12/2023 20:24

Stop moaning. Just keep accumulating over time. I said a couple of years ago this could go sideways for ages. Business is slowly improving and imho we are at the beginning of an energy CAPEX cycle. It's high quality and much cheaper than competitors in the US.

[dope007] 05/12/2023 08:43

That's all the UK mkt does. It's one reason why this country is weak. Never supports companies, just sells them off cheap

[pyemckay] 05/12/2023 08:39

I can see this as a sitting duck at the moment.

[salpara111] 05/12/2023 08:35

Traded this twice this year for decent profits, looking interesting again at the 250 line.

[dope007] 08/11/2023 21:51

Oil demand is their driver not a traded price. Plus they are branching out beyond oil, if slowly

[elsa7878] 08/11/2023 20:37

Oil price...

[dope007] 08/11/2023 20:15

Presumably we have a seller in the stock and with little buying interest despite the quality the price suffers. May look to add as it's one of my smaller holdings so would be happy to increase it.

[charlotte2020] 08/11/2023 17:27

Thanks for that

[edmonda] 08/11/2023 09:31

No worries, Gents - ED v public about being paid for, but we only work with companies that recognise that research can only be the analyst's opinion if it is to be useful to investors

[dope007] 08/11/2023 09:15

Thanks edmonda

[paleje] 08/11/2023 09:07

Thanks Edmonda, useful note, I know ED are paid for but nonetheless it reflects how the company see things and it's good to hear aside from the excellent RNS updates.