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Hunting - Another hitting highs as forecasts beaten

June 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.

A New Year NAP at 257p, the shares burst to 380p and are locked in an upward trend after Hunting disclosed Q1 trading marginally ahead of expectations with EBITDA of c. US$28.9m (Q1 ‘23: US$22.4m). Sales order book remains healthy at US$544m (Q1 ‘23: US$492m) with the tender pipeline for new orders remaining buoyant. The OCTG and Subsea divisions were ahead of management’s expectations with offshore international particularly strong, offset by a slower Q1 for perforating systems. Full year guidance remains unchanged with EBITDA of US$125m-US$135m and EBITDA margin of 12-13%. I sense more big gains given the strong outlook; I am a buyer. ...

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Vistry - Shares double since main write-up

Tyman

Hunting - Big order from KOC (July 2024)

Hunting - Record order book driving shares to highs (May 2024)

Hunting (March 2024)

Hunting - Explosive demand and a soon-to-be prospective PE of 9.0 (December 2023)

Hunting (September 2023)

Hunting (July 2023)

Hunting (April 2023)

Hunting - Raises 2023 market expectations (February 2023)

Hunting (December 2022)

Hunting - Oilfield services firm benefits from US resurgence; order book doubles (November 2022)

Hunting - Oil rally boosts shares (November 2016)

Hunting (December 2015)

Hunting - Shares hit by large downgrade (November 2015)

Hunting (June 2015)

Hunting - Poor gas prices hurt demand (November 2013)

Hunting (May 2013)

Hunting - Pretax profit up 153% (November 2012)

Hunting - Oil rig activity still buoyant (June 2012)

Hunting (April 2012)

Hunting - Supplier of down-hole products for oil wells seeing explosion in demand (March 2012)

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

Hunting - Another hitting highs as forecasts beaten

June 2024

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