image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Our latest issue will be released in 7 days, don't miss out!

Hunting

April 2012

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.

  • Epic Code:
  • HTG
  • Price:
  • 968p
Shares in last month's main write-up, Hunting, have enjoyed a terrific run, quickly rising almost £2 after results beat consensus forecasts. For the year to last December pretax profit jumped 80% to £81m with eps rising 70% to 38.7p. The two largest divisions drove this with well completion increasing profits 77% to £41.2m, while well construction achieved a three-fold gain in profit from £9.5m to £28.5m with operating margin soaring from 9% to 15%. Crucially, Hunting's outlook is still buoyant; high oil prices are stimulating demand for shale drilling with US rig count data (a lead indicator of activity) from Baker Hughes showing 1989 active rigs in the US, an increase of 16% year-on-year. Barclays Capital has ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

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

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe