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Thought about adding today but my av is lower so held off wondering if we might get treated to some lower opps tomorrow. Hit the 50 day ma at close. May be bounce in the a.m.? Would like to understand why down today on back of the RNS?
Positive hear but will add to my very low average cost.
Looked OK to me ..Any thoughts Mary ?
Another day of good volume reflecting in part the inclusion within the FTSE250 index.
Further institutional investment will support the sp growth as well as HTGs inclusion within trackers.
GLA
12-Sep-23 Barclays Overweight - 420.00 Reiteration
11-Jul-23 RBC Capital Markets Outperform - 400.00 Reiteration
10-Jul-23 Barclays Overweight - 420.00 Reiteration
06-Jun-23 Jefferies Buy - 350.00 Reiteration
Exciting times ahead!!!!
Looking strong here. 315 hit... More to come.
#crawshaw thanks
Hindhead, we're taking Howden Joinery's place.
#officer where did you find confirmation of their elevation? Thanks
Hunting promoted to the FTSE 250 is now official. This share will just keep getting better and better.
Yes results could be good as Q1 were and reflected by jump in SP in July .......only for there to be a retrace in Aug after the announcement of closure of plant in Holland and move to Dubai
Added all the way down to £2 and will lighten up in due course but not yet. The results will confirm the trajectory.
Patience paying off here. I said many months ago that CMD was going to have a positive impact. Management realised that they need to do more to get interest in the company. Message from CMD is a good start
£4 by end of year.
Quite happy for slow +ve progress with sp. Managed to get in initially at 220 and would like to keep adding as believe there is value here, free of ramping and yet to be discovered by the herd.
AIMHO GLA
Barclays seems keen - the market will soon catch up.
One day when least expected it will pop.
With Barclays and RBC targets >400p hopefully will sail through 300p on back of continued growth in energy demand and pricing. The 50 day ma moving in +ve direction but volume needs to move up. Perhaps todays capital markets presentations will generate wider interest.
AIMHO GLA
This seems not followed by many but what a great share to trade - expect it to be over £3 and more. GL all. DYOR.
If you look at the share trades almost every sale up until 12:45 was an Automatic Execution, and almost every purchase was an Ordinary trade. So computers are selling and people are buying.
And of even more significance the profit margin increased to a healthy level.
Adjusted operating profit margin****
H1 2023 -- 5% -------- H1 2022 -- 1%
**** Adjusted operating profit as a percentage of revenue.
"Shares fell by 7% in early trading, as its order book came at the lower end of its outlook range of $530-$550 million."
Sales order book
H1 2023 529.7$m ----- H1 2022 325.9$m --- Diff = +63%
So they missed their target by a mere 0.3$m, but achieved a 63% increase on last year!
Operating profit
H1 2023 26.2$m ----- H1 2022 1.7$m --- Diff = +1,441%
The Operating profit increase wasn't bad either.
(Reuters)
Hunting's core profit for six months ended June 30 rose 106% to $48.7 million, aided by strong sales order books across business units including the key North America segment. It sees a similar performance in the second half.
RBC in a note said "We see these initiatives as part of management's push to increase efficiencies, margins and returns; costs are expected to be $3-5m, with efficiencies coming through from next year."
Hunting reported first-half core profit that more than doubled on Thursday and announced plans to slim down its non-core assets as the British oil and gas services firm aims to expand its presence in the energy transition markets.
Shares fell by 7% in early trading, as its order book came at the lower end of its outlook range of $530-$550 million.
Hunting (LON:HTG), which counts Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) among its clients, said it would transfer its manufacturing and assembly operations of its main well testing site to Dubai from the Netherlands, and close its Oklahoma City operating site, among other measures.
I too, thought that the results were quite good, and would have expected the sp to rise rather than fall this morning.
I've been out for a while and waiting to see 200 or below to re-enter. After this mornings RNS I did think that was a pipe dream. Really not sure why the SP has dropped. Looked like good results to me? Anyone have any idea?