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There's no liquidity in the shares. Hunting family own a chunk. So it's beta is high and would cause greater SP swings both ways than the market. Personally it hit 188p or so last year and I'll be looking to buy back in if it touches 200p. Anecdotally our office in Aberdeen says HTG been poaching our staff. This would be finance staff and they are obviously still recruiting or bleeding staff the other end. Who knows.
I know oil has declined but down 20% from upgrading earnings I just don't get?
Anyone any insight into why?
Agree this is cheap as chips and when it moves it moves fast . Trading update in a few weeks and I am hoping for good things , based on last update and broker views and thoughts . Happy to hold until update and let’s hope it is as good as hoped
added - seems a bargain
Ex-div today
Well, that's come off a lot harder than I expected so happy not to have rushed to add back.
And they wonder why no one wants to list in this farce of a market anymore.
Well received so far. I could easily imagine a fall back to 242/243 area. If that happens, I'll add back what I previously sold, maybe a bit more. Otherwise I'll stick with what I have.
Yep agree cta which says to me they are quietly confident of beating expectations this year but too early to commit to that atm. This one needs patience but will come good later in year imo
Better start to the year than expected but not changing previous full year guidance, that's what saying
Some clarification on cash position :
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.
Trading update is now out and looks somewhat confused. On the one hand management expect to meet market expectations, on the other they state that EBITDA is ahead of management's expectations. Pretty positive feel to the RNS on the whole. We now know that the divi is 4.5 cents per share and payment date is 12 May (ex divi date April 20th).
I think mid 220's before a turn depends on the trading update I suppose. Much smaller company than 10 years ago, so less base to build on
Looking closely at the chart, I can't help wondering if we'll see 235-237 or possibly lower before this turns.
Purely on for TA reasons I dropped about 30% of my holding around 250 or so. I'm surprised it's dropped as much as it has. I had wondered whether it had gone ex-divi, but the ex-divi date seems to be Apr 20th. Not sure how much that divi is. I assume it's 1.94pence for the quarterly divi, but if anyone knows for sure please advise. I'm looking to buy back if the SP seems to be about to turn bullish again.
MSM, long looks right for the moment. SP starting to move to the upside. Took a bit longer than I'd anticipated, but I'm hoping to benefit.
what,s the next divi ?
I dont think it was the downgrade as such Stupmy. It was the results that triggered this. And we discussed here at the time it may have been down to cash flow levels. I don't think it is a worry, certainly not bad enough to warrant such a sell off.
We are due a trading statement in a couple of weeks...I would hope these concerns are addressed then.
Berenberg's downgrade from buy to hold with target held at 325p on Apr 3rd seems to have knocked confidence a little.
POO has risen and I am staying long for the time being
https://www.lse.co.uk/news/HTG/berenberg-downgrades-hunting-to-hold-rc4tjqyks07dhv2.html
Sentiment change. Was way over sold. I hope you all managed to add some
Managed to get some more around 239 on open. Not been able to buy HBR though
0PEC cutting production, surely drive this back up?
Added. Oversold. When this bounces it bounces quick and high.
I've added quite a bit here. It seems to have bottomed for the time being at least. If the price exceeds 248 we may be seeing a change in trend. Can't see any scheduled news events until April 19th. Anyone know why the SP is looking a little perkier?
Too tightly controlled by the Hunting family