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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Hunting

June 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:
  • 611p
In spite of the precipitous fall in energy prices, Hunting, the provider of oil well precision engineering products nevertheless increased pretax profit and eps 8% and 6% respectively to US$212.4m and 100 cents, although it was forced to take a US$58m impairment charge.Well construction, which supplies steel locking threads to connect sections of steel together, saw a 10% reduction in profit to £53m. Well completion, which supplies connections, joints, and couplings to make the drill hole ready for production, grew profit 13% to almost US$141m on turnover up 8% at US$863m. The smaller well intervention side, which provides maintenance, pumping and work-overs to rejuvenate old wells, proved the most resilient with profit ahead ...

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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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