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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Hunting - Big order from KOC

July 2024

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:
  • 411p
The shares soared to a new high of 445p after Hunting won the largest orders in its history:  US$145m with Kuwait Oil Company (KOC) followed by a follow-on order for US$86m  less than three weeks later, boosting its order book to a record US$751m with visibility stretching into 2026. The orders, which will be funded through its existing US$150m asset based lending facility, comprise a large quantity of premium OCTG casing, threaded with Hunting’s proprietary SEAL-LOCK premium connection technology and will be fulfilled from Hunting’s Asia Pacific facilities. Revenue is expected to be recognised from late Q4 24 into FY25 and management now expects FY24 EBITDA to be towards the upper end of guidance (US$125m-US$135m). As Zeus ...

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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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