image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Our latest issue will be released in 7 days, don't miss out!

Hunting - Pretax profit up 153%

November 2012

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:
  • 809p
Hunting's shares appear to be mimicking recent weakness in the US rig count, as c. 70% of its sales are from that region. However, this is a simplistic view, with increasing demand for its complex products, which are used to help clients extract oil & gas locked up in tight formations a few thousand feet down the well, being the main driver. This, alongside a first-time contribution from the transformational Titan acquisition, meant interim results unveiled a sharp 62% rise in revenues to £407m while pretax profit increased 153% to £65.4m. Eps rose 129% to 28.6p. Net debt was £191m.In well construction, which supplies steel locking threads to connect sections of steel pipe as well as other drilling tools, operating profit r ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

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

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe