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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • HTG
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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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.

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