||EPS - Basic
||Market Cap (m)
Hargreaves Services Share Discussion Threads
Showing 1676 to 1699 of 1700 messages
|Interesting end to the day. Feeling very happy here.|
|Despite the lift in share price sellers aren't arriving here. L2 suggests buyers sitting in the background hoping to collect volume but nothing is appearing for them|
|beeks just ask for Andrew mate|
|Someone has been buying all morning in a manner which suggest they either think:
1. The price is a bargain and they want everything they can get without pushing so much volume through it will massively affect the price
2. They are closing a painful short position and trying to get out of it as they are worried if they leave it until after Christmas it is going to go against them even more
There is also a stream of smaller buys suggesting coverage online or in the papers has brought HSP to a greater audience|
|I'm down there tomorrow and might pop in - you still next to Honda? What shape person should I look for?!|
beeks of arabia
yes plus next 48 hours!!!
Bought back in at 2.44 .
|hmm. Well what's not to like. The company is in a much better place than when the share price was 400 yet even after today's rise, it still looks significantly undervalued to me.
We are sitting close to the resistance point from November so it will be interesting to see if we push through this in the near future|
|Bought back in this am - technically looking very strong now|
|You at work today, Cas?|
beeks of arabia
|time to get back in.
|Hmm - that 885k trade represents 2.8% of the total shares in circulation|
|I wonder what happened to wigwammer.|
beeks of arabia
|Two likes. Always good to diversify.
L2 looking strong if you believe what you see. I'm hopeful|
|Yes happy days. I think the company will be looking to move into new growth areas soon. Industries identified by management as having high growth potential include snuff grinding, wig manufacturing and the production of trumpets to serve the hunting industry.|
|We have liftoff. Happy days.|
|I can see why. So many of my stocks have been surging ahead whilst this one does nothing.
Its activities seem to be linked to industries from the 19th century. I used to like these industrial companies but I realised a few years ago that there were better places to invest.|
|Interesting little update today but market still isn't interested.
I perceive that overall excess coal stocks both at HSP and competitors is being soaked up which can only be good news as I'm sure this has been holding the price back.
So that will be another £11m of assets converted into cash.
I can't see a reason not to stay in this trade but clearly the market just isn't interested.|
|Hello, I've followed this share for some time but have not been tempted to buy in, as I put it in the too difficult category. (I mean too diffcult for me.)
On a specific note, they're getting out of bulk termal coal belatedly, but is there actually a market for speciality coals?|
|Today we are sitting nicely above 190 and have 2 MM's on the bid at 190.
If you believe what you see there is a decent sized seller at 195. I wouldn't like to say if the seller is real or fake. If the seller is real he would be better off breaking up his trade size as it will put buyers off, therefore it might be fake and designed to hold the price down.
I don't know - sometimes trying to work things out doesn't help. I'm not selling regardless.|
|This is a good summary I have copied from another site
Coal surge to stoke Hargreaves
09 September 2016, 16:19
Surging coal prices could help speed up coal trader and miner Hargreaves Services' (HSP:AIM) plans to unlock 300p a share in business value.
Struggling Hargreaves has been a casualty of falling energy prices over the last three years, as well as recent mild winters and coal power station closures as the UK’s energy policy attempts to shift away from fossil fuels.
European coking coal prices bottomed in February and have gained more than 50% since, with thermal coal price gains, used to fuel power stations, not far behind. Coal is being imported from China into Europe to try and stem the price gains, according to a Bloomberg report.
Hargreaves, which is winding down its coal trading, still boasts coke and coal inventories of around £20 million, versus a market capitalisation of £61 million. Firmer demand and prices may help the business unwind stock more quickly at better prices, according to a person with knowledge of the business.
However, the benefit is expected to be one-off because Hargreaves’ remaining mining assets will produce coal for specialist markets including domestic, industrial and steam trains, where prices are less sensitive to global pricing.
Most of its plan to deliver 300p a share in shareholder value involves reducing exposure to energy markets by developing transport, logistics and construction businesses alongside a scaled down coal distribution unit.
Shares in Hargreaves trade at 190p a share, a discount to tangible book value of 401p a share reported through 31 May 2016.
Book value may not be a reliable gauge of value at mining companies, however, as shareholders in UK Coal found out when it was wound up in 2013. Most assets were sold or transferred to the company’s pension scheme, though shareholders retained some of their investment via a shareholding in property vehicle Harworth (HWG).
Land previously used for coal mining, of which Hargreaves boasts around 18,500 acres and plans to develop, may also incur unexpected costs for environmental remedial work, further reducing value.
Chief executive Banham bought £348,000 shares in April at 170p a share, according to Shares' online Director Dealing tool.
Shares in Hargreaves Services are down 26% year-to-date at 190p.|
|I think the HSP management would have been great in the late C18th at the beginning of the industrial revolution. Think coal transport/canal logistics/muck shifting. That was when coal had a great future. Not sure what the future is here. As CC said in the post above 'what it has been selling people don't want to buy anymore'. It's management's job to see the train heading towards you -the train is not unfortunately steam powered by coal ........|
|And finally whoever has been selling at 189-190 for what seems like the last 6 weeks appears to stopped. Can't be sure yet but at least they aren't ripping any volume at 190 off the order book within seconds now.
I have high hopes of moving back to 200 now.|
|For the coal they do produce they are price takers dependent on the global market.
This might help just a little.
|Thanks -agree with your analysis on coal.I was once at Immingham and saw huge numbers of Hargreaves lorries taking coal from the port.But its a difficult company to analyse as much is uncertain particularly timing. I'm hopeful the land sales/developments acts as a catalyst for shareholder value.|