Updates

Hunting

April 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.

Oil services firm Hunting released full year results marginally ahead of the upwardly revised forecasts with EBITDA of US$52m (guidance: US$50m) on revenue of US$726m (2% ahead). Net loss was US$3.1m, down from US$89.7m last year. Results were strong across all divisions, with the company benefiting from the uptick in oil & gas activity, while importantly the order book of US$473m stretched into 2025. Excitingly, a new strategy has been unveiled targeting EBITDA margins of 15% (versus FY’23 forecast margins of 10%) by 2030 with a minimum 10% annual growth and a particular focus on the energy transition segment, where it’s targeting US$100m sales by the end of the decade. The shares have been weak in volatile ...

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Playtech - US$85m investment in Hard Rock Digital

TMI Trader Portfolio 2 - April 2023

Hunting (December 2024)

Hunting (November 2024)

Hunting - Investec increases price target by 200p to 665p after guidance raised yet again (September 2024)

Hunting - Big order from KOC (July 2024)

Hunting - Another hitting highs as forecasts beaten (June 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 - 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.

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