image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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

Hunting

December 2015

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:
  • 319p
Oil services firm Hunting has announced that trading during Q3 remained subdued as clients continue to cut capital spending due to lower oil prices. The main bug-bear is its higher cost US shale markets (c. 60% of H1 ’15 turnover), which require oil prices of c. US$60 to be viable. Management has achieved year-to-date reduction in headcount of 28% providing US$50m a year savings but profits will still be down 90% this year against previous forecasts for a 75% reduction.Net debt was US$165m as at 31 October. The group is partially mitigating slower demand by delaying capital investment programs and cutting the dividend. A company spokesperson noted that “Hunting is confident that in the event of a possible covenant breac ...

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