Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Beautiful
Go away "Janet"
Fabulous order of 145 million wow.
Nice to see this above 450 now. 20 percent up. VRCI and KDNC are also worth a look and on the leaderboard risers,
Can this finish number 1 today?
I slightly undervalued the 20p anticipated move north mid April so my apologies....Well take 90p though shall we ...
Beautiful
That's more like it.
Agreed - really good news: indeed a record US$145m OCTG order
You can isten to summary and read full analysis in new research note out from Equity Dev here, free access:
https://www.equitydevelopment.co.uk/research/record-order-boosts-momentum-and-firms-guidance
Chicken dinner super move up.
Wow 425! Happy days
Significant news. £4 gone today imo.
Well done LTH... This is looking very good now.
There's a fabulous Buy Signal developing here this morning ...Potential 20 p move North ..Well see
Absolutely no need for the drop in SP after this update. All looks good here, not selling.
Link to report here: https://www.equitydevelopment.co.uk/research/on-track-to-deliver-further-progress-in-fy24
Commentary and financial metrics in Hunting’s AGM/Q1 update confirm that the company has progressed in line with its FY24 targets thus far in year-to-date trading. Q124 EBITDA was well ahead year-on-year. This represents a good step towards the flagged US$125m-135m range for the year, with ongoing momentum in the strongest market segments.
Group revenue has continued to grow well, being up c.16% year-on-year in Q1 and c.7% ahead compared to Q423, a strong quarterly close to FY23. Shipments against previously disclosed large contracts in the OCTG and Subsea product groups and broad business development in Advanced Manufacturing have been the primary drivers in generally firm underlying markets.
While the group order book has nudged c. US$21m lower than the year end position as larger orders are worked through, US$544m on hand at the end of March still represents a strong position in a historic context. We are also aligned with management expectations for inventory positions unwinding over the remainder of the year.
Updating our P/E and DCF methodology for market movements (including £/US$1.25) now yields a blended fair value for Hunting of 436p / share: up from 407p and over 20% above the current share price.
Holding up well and interesting news from Wood Group today... Major investor recommendation to list in US as the stock remains undervalued. Same could be said for htg
Wow! The only one of my shares that goes ex-div today and hasn't dropped dramatically.
Chart looks strong up to £4.50
Ex-dividend date on the 11th will be some reason for the rise.
52wk high. New territory for Hunting. Update due this month too. Looking good... Continuing to hold as I'm thinking this should give £4 a real go now
350p hit, Q1 results next week. Potentially an uplift on 24 guidance (or perhaps that will be closer to H1 announcement like last year)
Decent uptick in SP today but more interesting is the volume. Maybe a TR1 tomorrow.
Someone accumulating... But also may be a seller gone... Probably what has been holding this back.
Up 6% Mary. For once my timing may be OK!
let's see where this goes... It should be hitting 52 week highs imo given results and general sentiment.
MSM
starting to move this am :)
Back in - Oil is up and this has has been sold off since the results for no real reason.
Totally agree. Great results, bullish results presentation by management. Looking for a climb to 350 by Q1 results mid April.
What is wrong with this share?!A few days ago it was 3-30 and looking good after the great results.I just tear my hair out with this market.Anyone any clues?