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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Hunting

April 2023

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:
  • 231p
Oil services firm Hunting released full year results marginally ahead of the upwardly revised forecasts with EBITDA of US$52m (guidance: US$50m) on revenue of US$726m (2% ahead). Net loss was US$3.1m, down from US$89.7m last year. Results were strong across all divisions, with the company benefiting from the uptick in oil & gas activity, while importantly the order book of  US$473m stretched into 2025. Excitingly, a new strategy has been unveiled targeting EBITDA margins of 15% (versus FY’23 forecast margins of 10%) by 2030 with a minimum 10% annual growth and a particular focus on the energy transition segment, where it’s targeting US$100m sales by the end of the decade. The shares have been weak in volatile ...

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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

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