Share Name Share Symbol Market Type Share ISIN Share Description
Hargreaves Services LSE:HSP London Ordinary Share GB00B0MTC970 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +16.00p +4.83% 347.00p 336.00p 347.00p 347.00p 347.00p 347.00p 1,438 15:42:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 342.9 4.1 16.1 21.5 111.01

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Date Time Title Posts
17/1/201809:42Hargreaves Services plc1,758

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Hargreaves Services (HSP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-01-17 16:53:26331.0049162.19O
2018-01-17 16:35:06331.00192635.52UT
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Hargreaves Services (HSP) Top Chat Posts

Hargreaves Services Daily Update: Hargreaves Services is listed in the Support Services sector of the London Stock Exchange with ticker HSP. The last closing price for Hargreaves Services was 331p.
Hargreaves Services has a 4 week average price of 320p and a 12 week average price of 310p.
The 1 year high share price is 385p while the 1 year low share price is currently 249.75p.
There are currently 31,992,337 shares in issue and the average daily traded volume is 19,793 shares. The market capitalisation of Hargreaves Services is £111,013,409.39.
cc2014: That would be wonderful CT. Tbh I'm surprised the share price isn't closer to 400 right now. It looks to me from the pattern of trades over the last 2 months that someone is collecting stock. They have been sitting for weeks before Xmas trying to get stock at 325 and since Xmas have moved to 330. They got 15k yesterday by lunchtime and none since. I'm guessing that as we approach the final results in February they don't collect the stock they want they will push the price up depending on how fast they collect stock. I don't think they are going to get much at 330 though. I think the sellers are pretty much exhausted in this area and whether you can sell for 325, 300 or 325 will make little difference to most. Certainly I'm not inclined to sell any until at least 375 and they are the ones I have from the 160 area. The rest I want something beginning with a 4,5 or 6. I'll decide once I've seen the results. I think there's a second buyer out there too as well. They seem to come in for usually 1000 shares but always a round number whenever the spread closes a bit. It's like a PI trying to accumulate a position with time on their hands working really hard to get the very best entry they can. Singer have moved off the offer at 340 to 345 today apparently on no volume so maybe we have delayed trades which will appear later. All in all I'm pretty happy with this trade right now. A high level of conviction you might say.
cc2014: This is why I first bought this share. Can anyone explain what I'm missing: 2016 NAV 131m No. of shares in issue 31.9m =£4.11 per share. Today the NAV just increased on the planning approval by an amount I'm unable to estimate but clearly the market considers healthy. um, so say with today the NAV is worth £4.50 per share... which seems completely out of alignment with a share price of £3.05. With today's rise I'm now at breakeven. Not my best trade ever.
cc2014: 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
cc2014: I guess the question is whether they made enough money from those purchases when the price of oil was around $100 to pay for those investments. I don't know. No market for coal now apart from some specialist uses which is why they will only have one operation in Scotland once Tower closes. This should already be in the share price. Unless Theresa May bins the new reactor at Hinckley Point which may extend the life of some power stations. I don't think this very likely. Although I think she may bin the additional 3-4 reactors that were also originally planned.
cc2014: Quite an interesting day. Certainly lots to think about. Looking at the trades someone sold 125k of shares at 170.0 which took most of the rest of the buyers to absorb. Absorb it they did with the price closing just about it. Quite a few trades at 180 which gives me a nice warm glow for the future share price direction
cjohn: Well, this company have come up on a screen I run for distressed turnaround possiblities. But having taken a closer look, there seems almost no possibility of a turn around. The core business is going. And I don't see they have sufficient FCF to fund significant acquisitions. The acquisition they have made looks speculative to say the least, though to be fair, the Price paid wasn't extortionate. (Great posts, Muckshifter et al.) The property assets per se don't support the current share Price and besides will take years to realize. The only posible salvation here is the redemption of coal. A tiny possibility of that happening. So I'm ducking this one - for now. Good luck to holders.
meijiman: Just looks like a car crash here. Huge strategic errors have been made and the share price has tanked. What is going to change things around? Buying other businesses might help in the longer term. An utter disaster really.
wigwammer: Here are some further stats for you to mull:2012: total liabilities £306m, tangible equity £98m, share price = 7p2015: total liabilities £130m, tangible equity £130m, share price = 2pSo... You believe the visibility and risk attached to this stock is much higher now that the liabilities have fallen by 60%, the equity has risen 30%, and the valuation is a third of what it was.Are you absolutely sure?!
bakunin: CT I think it is generally frowned upon for directors to be "trading" the shares of their company. GB sold a chunk of his at a much higher share price. It would look bad for him to be buying those back right now. He had built the company up over a period of time and decided to sell some of his holding when the share price was firm. That seems perfectly rational to me. Would you expect him to hold his shares indefinitely just to please shareholders? Directors of a bread+butter company like HSP are usually professional management whose main form of remuneration is salary/fees + share options. They don't usually buy large quantities of shares via the market. There are plenty of tech/concept companies like QPP where you'll find the wannabe Alan Sugars wheeling and dealing in order to try and manipulate their share price. Check out the QPP fiasco last year (not isolated to QPP). I'm happy to have taken a long position at the same time as Schroders have been accumulating a large position (almost 1m shares making over 5m now held). Schroders will not have taken that position by reading this BB or whatever. They will have had several discussions with management and visited the company's facilities. They will have bought in expensive research about the energy market. Maybe there will be a quick capitulation down to 300, but you better not be at work when it happens because the likelihood is that you'll only get a matter of minutes/hours to buy/sell at that level. Otherwise, it will have been in response to really dire news and the share price will go much lower than 300. There must be a very high short interest on HSP. I hope you really aren't short if the next trading update has a positive twist and the shorts all rush to cover.
totally banjo: Hargreaves 'never in better financial shape' despite share dip Published: 10 Oct 2014 10:30 THE operator of most of East Ayrshire’s open cast coal mines, as well as Glenmuckloch in Kirkconnel, has suffered a dramatic dip in its share price. Hargreaves Services shares are now sitting at their lowest in four years. The Durham-based firm’s price is now £562, dropping from £904 one year ago. The company puts the dip down to the low coal prices internationally. Despite the news, the firm is adamant that it has never been in better financial shape. A spokesperson said: “Whilst the Group cannot comment on why the share price has reduced, the market have reduced their forward profit forecasts of Hargreaves to take account of the continuing low international coal price. This inevitably will be one of the factors putting pressure on the share price. “Despite the fall in international coal prices, management is confident that the breadth and strength of the Group ensures that it will continue to be profitable. Despite the low coal prices, the Group has reiterated its support for continuing to develop its Scottish mining activities as it waits for coal prices to improve. Hargreaves continues to develop its mining activities in a controlled and financially responsible manner. “The Group has also stated that it is looking to streamline its activities around coal and coke trading. Although this is also expected to reduce future profit levels it will also reduce much of the risk and volatility it faces and will allow the Group to free up more cash and capital. “As a result, the market is expecting the Group to be debt free by the end of its financial year in May next year, a significant reduction from the £106 million of debt reported in November 2012. “Despite investing £38 million in setting up its Scottish operations last year, the Group was still able to reduce its bank debt by £9 million over the last financial year to May 31. “Although the share price has fallen, the strong balance sheet position of the Group and the broad activity base ensure that the Group has never been more financially robust.”
Hargreaves Services share price data is direct from the London Stock Exchange
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