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Hunting PLC (HTG.L)

HTG.L on London Stock Exchange

870.50GBp
23 May 2018
Change (% chg)

-24.50 (-2.74%)
Prev Close
895.00
Open
889.50
Day's High
892.50
Day's Low
867.50
Volume
862,991
Avg. Vol
608,489
52-wk High
934.50
52-wk Low
376.50

Latest Key Developments (Source: Significant Developments)

Hunting Sees FY Results To Be Within Upper Half Of Current Market Consensus
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Hunting PLC ::REVENUES IN FIRST THREE MONTHS OF YEAR HAVE BEEN AT A SIMILAR AVERAGE MONTHLY RUN RATE TO THAT REPORTED IN Q4 2017.GROUP CONTINUES TO BENEFIT FROM OPERATIONAL LEVERAGE AS VOLUMES INCREASE AGAINST ALREADY REDUCED COST BASE.Q1 ACTIVITY LEVELS WITHIN ONSHORE NORTH AMERICAN COMPLETIONS MARKET REMAIN STRONG, LEADING TO UNDERLYING EBITDA OF ABOUT $32.7 MILLION.EXPECT FULL YEAR RESULT TO BE WITHIN UPPER HALF OF CURRENT MARKET CONSENSUS.  Full Article

Hunting Sees FY Revenue Of About $700 Mln
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Hunting Plc ::‍REVENUE FOR FULL YEAR IS EXPECTED TO BE AROUND $700 MILLION MARK, WITH RESULTS STRONGLY WEIGHTED TO SECOND HALF OF YEAR​.FY ‍EBITDA IS LIKELY TO BE NEARER UPPER END OF MARKET EXPECTATIONS, GIVEN STRONG PERFORMANCE OF HUNTING TITAN DURING SECOND HALF OF YEAR​.‍CONTINUE TO ANTICIPATE A MODEST PRE-TAX PROFIT FOR FULL YEAR - THIS BEFORE CHARGES FOR INTANGIBLE ASSET AMORTISATION AND ANY EXCEPTIONAL ITEMS​.‍CAPITAL INVESTMENT REMAINS TIGHTLY CONTROLLED WITH SPEND IN FULL YEAR EXPECTED TO BE AROUND $12 MILLION​.‍THERE IS CURRENTLY NO INTENTION TO PROPOSE A DIVIDEND FOR YEAR ENDED 31 DECEMBER 2017​.  Full Article

Hunting says FY ‍revenues are likely to be around 700 mln stg
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - HUNTING PLC ::‍REVENUES FOR FULL YEAR ARE LIKELY TO BE AROUND $700 MILLION MARK​.‍FOR NINE MONTHS TO 30 SEPTEMBER 2017, EBITDA WAS APPROXIMATELY $33 MILLION​.  Full Article

Hunting says 2016 outturn remains in line with expectation
Tuesday, 13 Dec 2016 

Hunting Plc : Says 2016 full year outturn remains in line with its expectations . Says elsewhere market conditions, particularly within deepwater and international drilling activities remain subdued. . Benefits of cost cutting over last two years and improving market indicators, management expects EBITDA to move into positive territory during 2017 . Says close trading statement ahead of announcement of its 2016 full year results on Thursday 2 March 2017 . Says continues to see improving market indicators within U.S. onshore activities benefiting our perforating business particularly in West Texas .Says 2017 financial year remains highly dependent on continued and sustained improvement of both North American and international markets.  Full Article

Hunting says H1 underlying loss from operations of $50.8 million
Monday, 5 Sep 2016 

Hunting Plc : Half year revenue from continuing operations 228.4 million usd versus 463.6 million usd year ago . H1 underlying ebitda from continuing operations $29.5m loss (h1 2015 - $44.1m profit) .Talks to revise terms of revolving credit facility ended: facility size reduced to $200m; no dividend payments until end of amendment period..  Full Article

Hunting sees FY capex of $16 mln
Thursday, 21 Jul 2016 

Hunting Plc : Key covenants and terms on debt facility reduced from $350 mln to $200 mln to reflect group's reduced requirements . Says revised terms on debt facility includes capital expenditure limited to a maximum of $30 mln per annum in 2017 and 2018 . Cost cutting initiatives have continued to be implemented across all businesses to curtail losses . Guidance given on FY revenues, being 30-40 pct below that of 2015, remains dependent on an improving market in latter part of year . Capital expenditure in 2016 is projected to be $16 mln for full year . At 30 june 2016, group's workforce numbered approximately 2,200, which reflects a 45% reduction since Jan. 1 2015 .45 pct reduction in group's workforce since Jan. 1 leading to annualised cost savings of approximately $93 mln.  Full Article

BRIEF-Hunting Signs Collaboration Agreement With Titan Oil Recovery

* HUNTING SIGNS COLLABORATION AGREEMENT WITH TITAN OIL RECOVERY INC.