Updates

Hunting - Big order from KOC

July 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.

The shares soared to a new high of 445p after Hunting won the largest orders in its history: US$145m with Kuwait Oil Company (KOC) followed by a follow-on order for US$86m less than three weeks later, boosting its order book to a record US$751m with visibility stretching into 2026. The orders, which will be funded through its existing US$150m asset based lending facility, comprise a large quantity of premium OCTG casing, threaded with Hunting’s proprietary SEAL-LOCK premium connection technology and will be fulfilled from Hunting’s Asia Pacific facilities. Revenue is expected to be recognised from late Q4 24 into FY25 and management now expects FY24 EBITDA to be towards the upper end of guidance (US$125m-US$135m). As Zeus ...

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On the Beach - Extremely cheap on ex-cash prospective PE of 5.5

H&T

Hunting (December 2024)

Hunting (November 2024)

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

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