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Stupmy
You are implying that I was implying ...
I will leave it there as spats are for others.
Have a great day and good luck with your investment.
Mary, you stated that you didn't know why I was confused implying you had a detailed understanding of what this RNS meant to HTG (in the short term). I would still like you to demonstrate that that is true, otherwise I will hold my view that you made a cheap shot like an instagram fool.
The timing is difficult, short and long term. I agree that the SP is very likely to move substantially to the upside, whether it's this year or not I don't know. I want it to be, but I think that the US and Europe will be in recession at some point. I guess that will impact our revenues.
My view is that we are in a new US markets bull run and a lot of folks are underinvested.
I read this as positive and reinforcement of the move on the news of the Major OCTG contract and it will revisit the 236 level that it failed to hold and move upwards once through resistance.
Of course a market correction and down days will affect share prices in every company but going from £3.60 to £2 in short order left plenty of gaps on the upside.
Agree... General market drift could still see this touch 200p... Personally I think we have bounced here but like you say separating out what you want to happen vs what is actually happening is not easy! Either way comfortable to continue to hold... The real action here will be later in the year I think.
MSM I'm long and hope that the SP does well. Obviously I think it will over time or I wouldn't be long. But I have to separate out what I want to happen from what I think will happen. I think that the RNS this morning will get a little buying going from PI's that will fizzle out and the SP will drop back to close the gap. There is no obvious immediate win here so there is no obvious immediate necessity to buy. Just a view and it will be proved wrong or right. If I'm right I will buy back some of a leveraged position that I previously closed. In short I will try to trade around the opportunities I see and I I think there is one here. Sometimes I'm right, sometimes I'm wrong. Just have to wait.
Stupmy.. I can see why you would say the news today may not result in a material sp increase on its own (certainly not in the short term) ... But I don't see why it would be used in any negative light to close a gap.
Mary explain the detail behind this deal and how it will add value to HTG in the near term. I can't, over time management expect this to add value and I'm happy to accept it will, in the near term I don't think it will and the SP will fall back. Explain to me why I'm wrong.
Expanding in a growth area - another string to HTG bow.
By expanding its product portfolio, Hunting said it would offer an extensive range of premium OCTG products to its clients in the international energy and transition markets.
https://www.lse.co.uk/rns/HTG/strategic-alliance-m34xm7nxnzj6x7z.html
Stupmy
I re-read before my last post and was genuinely confused by your confusion.
Not a cheap shot. I leave that for others. Perhaps I should have ended it with a question mark.
What did you find confusing? is perhaps what I should have said.
I re-ead it as all positive ....
"Hunting continues to make strong progress in its energy transition strategy, which will be a key area of growth in the coming years."
Explain your confusion Mary. Cheap shot from you.
Positive news flow continues. Management recognising the dire SP performance and making a concerted effort to change sentiment. CMA later in year and I wonder if they consider US ADRs again.
This will eventually turn and bounce big...cant stay at these levels for much longer imo.
Confused by your confusion but will add if you are correct.
As likely to send the shorts fleeing.
Moving and shaking.
I'll bet that has the SP back to 203.5 or below. I'm not saying that because I think the relationship isn't useful (I have no idea), just because it will provide an opportunity to close the downside gap. No immediate benefit, bit of confusion and I think we'll close that gap.
Https://www.londonstockexchange.com/news-article/HTG/strategic-alliance/15984121
Mornig DF
£2 was a great entry and as you know I always lighten up to reload again in the elastic band that is share trading. In hindhight should have sold more of the £2 purchase but my metod works for me and buiding a great portfolio with low average costs.
New race every day and each share can surprise unexpectedly. It is what you do on the 20%+ / - days that make a difference.
I tend to add and then release into the rises and lock in an improved average.
Good luck with your strategy and yes £1 party will be a great night with a few new money millionaires. 2025/6 diary filling up already.
Another excellent call from Mary. Its just a shame the guys on the HARL BB are not as bright as her. Will buy you a bottle of champagne at the HARL £1,to recompense you for your wonderful tips.
Only follow Hunting at the moment but considering entry if sentiment has now turned. It has looked oversold for a while and perhaps today's upgrade will reignite demand here.
"This order, again, breaks Hunting's record for the largest single order received for the Group's OCTG and premium connections and supports management's belief that international market sentiment remains extremely strong as governments and countries address the challenges of energy security, the development of domestic supply and post-COVID economic recovery."
"Hunting's successful run of significant OCTG and Subsea orders since H2 2022 demonstrates that our technology and global footprint is well positioned to deliver significant growth in the medium term. US market activity remains stable and with the orders received for China, Guyana, Brazil and now India, Hunting continues to see a strong growth profile given our standing and recognition with major energy companies, coupled with the strong international market sentiment being reported in many regions."
Nice, plenty of juice here.
To stay in the 250
That’s a negative
If they rise to that market cap it’s a huge buy ?!
Will be a watcher at the moment
Not sensible buying has the ftse 250 trackers are forced to sell lol
Gla
I'm jealous of your entry/entries around 200. I was super surprised to see the SP fall away the way it did. I traded it quite well previously, but have been left underwater by the drop to 200 or so. I know some of you will think I'm daft, but I've just 10% of my leveraged positions for 25p profit. If that gap does close (they usually do, but that update seems so reassuring that you'd probably bet against it), I'll buy back (and regret not dropping 50%!! GLA
Agree Mary. When this moves it moves quick. I still think the cash flow guidance was pounced on and used to drive SP lower... I think management are well aware and on todays update they were again quick to state guidance in that regards remains unchanged. Second half of this year should see cash position improve, CMD later in H2 so for me this is set up nicely now... And hopefully bottom seen.
Guess if you think that then a sellible bounce or reduce is always an option to hedge bets.
Seems to be great news that many will not have reacted to yet as it is early days. and another wave of buying may occur. - expecting 257.5 for resistance.
Yes, it looked like the kind of update that should lead to a longer term bounce. I can't think why it would happen, but there is always a risk that the SP will drop back to fill the gap before really taking off longer term. Very relieved.