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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Hunting

May 2013

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:
  • 800p
Hunting, which makes precision engineered products for the oil & gas sector, has shrugged off concerns regarding a drop in drilling activity in its main Gulf of Mexico market. Helped by a first full-year contribution from £600m of acquisitions made in 2011, which has placed it squarely in the fast-growing shale drilling market, Hunting grew revenues 36% to £826m, while pretax profit rose 59% to £129m. Eps increased 49% to 57.5p. With free cashflow rocketing from £39m to £86.5m net debt fell from £218m to £164m.Hunting's well construction division, which supplies steel locking threads to connect sections of steel pipe together that are able to withstand incredible pressures in deep water, grew revenue 43% to £279m while ...

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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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