Updates

Hunting

December 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Already a nice move up for the shares since my main write-up last month, helped by a positive update which showed a 20% quarter-on-quarter rise in order backlog and more than doubling year to date. EBITDA of US$36m year to date implies US$15.4m in Q3, up from US$13.9m in the second quarter.Barclays suggests there’s upside potential over its forecasts, which sit 8% above consensus, given that fourth quarter EBITDA would only have to be US$16.4m to make its numbers. The broker highlights Hunting is “expecting to see sales momentum in Q4 and improved gross margins at Titan while even the smaller Latin America, North Sea, Middle East and Asia Pacific units are seeing improvements.”Broker RBC, which notes Hunting’s peers (SLB, HAL ...

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Brickability

4Imprint

Hunting - Record order book driving shares to highs (May 2024)

Hunting (March 2024)

Hunting - Explosive demand and a soon-to-be prospective PE of 9.0 (December 2023)

Hunting (September 2023)

Hunting (July 2023)

Hunting (April 2023)

Hunting - Raises 2023 market expectations (February 2023)

Hunting - Oilfield services firm benefits from US resurgence; order book doubles (November 2022)

Hunting - Oil rally boosts shares (November 2016)

Hunting (December 2015)

Hunting - Shares hit by large downgrade (November 2015)

Hunting (June 2015)

Hunting - Poor gas prices hurt demand (November 2013)

Hunting (May 2013)

Hunting - Pretax profit up 153% (November 2012)

Hunting - Oil rig activity still buoyant (June 2012)

Hunting (April 2012)

Hunting - Supplier of down-hole products for oil wells seeing explosion in demand (March 2012)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

Hunting

December 2022

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