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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.
Indeed the 200p purchases are looking great. on its way to £3 but bottom in.
Plenty of upside and dividends.
Nice reaction to the news this morning. The SP needed something to change the sentiment. Hopefully the start of a big bounce up. GL
There we go. Thank goodness the market has reacted well I needed some relief here.
Some relief for holders. Hopefully we'll see the rise we expected now we've confirmation that things are going fine and even better than that. In auction at the moment.
There's a suggestion on ADVFN that the selling is related to funds dropping their positions as HTG will be relegated from the FTSE250. That could explain the fall.
So just to clarify this, the company is forecasting Ebitda of 88 million this year, debt is not that big in the grand scheme of things, dividend to increase this year, and the market has a Mcap of barely 300 million.
The volume is very low, its getting moved on double digit sells.
Could be one of those stocks that has very few PIs to counter the algo trades.
JG68
I am with you. Have been adding on the way down and added another tranche at 201p near the close. Not at all comfortable for you either but no pian no gain.
At some point the bleeding will stop and a sharp uptick.
Could go to 150p or £3+.
Here's to better days ahead.
JG68, that thought came from something I read on Morningstar. At the time, and I've not checked back, they had 2 weaknesses that held them back from rating HTG as having significant upside. One of them was their financial position. You'd have to go back to that source material to understand it better. But from my own perspective, this SP drop is unusual. Perhaps, as I stated earlier, this is simpley related to lower gas/oil prices leading to reduced activity in their bread and butter sectors, but it's a big drop. I guess there could be an expectation of further drops in POO & G, but G is pretty low at the moment and POO is now below it's multi-year average. I have to say I did not expect the SP to hit 200.
Problem is Mary every time I average down it drops further.
Very much regretting getting sucked in at the moment.
SP performing like the TU was a profit Warning not an earnings beat.
Head scratching here
JG68
Just keep averaging down when the sale is still on. It will end soon enough.
Excuse my ignorance but why would a fund raise be needed?
I have just reread the April TU below again and seemed more like an upgrade. Is it because of the net debt expectations 30-50 million?
Even stockepedia have a book value in excess of 500 ps.
EBITDA in Q1 2023 was $22.6 million, which compares to $6.7 million in Q1 2022 and $15.8 million in Q4 2022. EBITDA margin has strengthened in the reporting period driven by higher facility utilisation and some improvements to pricing, and is in line with market guidance of c.10% for the year as a whole.
As previously indicated, working capital has increased in the quarter consistent with the ramp up in activity, with the Group moving into a net debt position in the period. Working capital is expected to peak during H1 2023, with net debt in the range $30m - $50m targeted by the end of June 2023, followed by cash generation in H2 2023, with management targeting positive cash and bank by year-end. The final dividend recommended for 2022 of 4.5 cents per share is due for payment on 12 May 2023, which will absorb c.$7.2 million.
Thanks CL, Something not quite right with the SP. I'm hoping it's just that the rig count is dropping suggesting activity in the sector is not as robust at the current POO. I'm hoping it's not a fund raise.
Can't really say but just clerical
Yes, the liquidity is a problem. Worries me a bit as I have quite a few. When you say 'finance staff' what kind of roles are you describing?