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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Hunting

September 2023

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:
  • 258p
The shares have jumped 75p since early July as oil services firm Hunting confounded the soggy macro with a second upgrade since May. Full year guidance of US$96m-100m is a 6% increase in May and compares to original guidance of US$88m. Interestingly, it’s put out new guidance for 2024 of US$125m-135m, 21% above consensus of US$107m. The outlook for 2024 is improving as sales order books increase, which is evident in the 14% rise in the order book to c.US$530 - 550m at mid-year, from US$473m six months earlier. North America was materially ahead of expectations, primarily due to international orders for South America, driving the performance of the US Manufacturing business. Hunting Titan’s international revenue is building ...

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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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