We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hargreaves Services Plc | HSP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 562.00 | 16:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 578.00 | 578.00 | 578.00 | 562.00 | 562.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 24/01/2024 | Interim | GBP | 0.18 | 21/03/2024 | 22/03/2024 | 04/04/2024 |
| 09/08/2023 | Final | GBP | 0.06 | 21/09/2023 | 22/09/2023 | 30/10/2023 |
| 09/08/2023 | Special | GBP | 0.12 | 21/09/2023 | 22/09/2023 | 30/10/2023 |
| 25/01/2023 | Interim | GBP | 0.03 | 23/03/2023 | 24/03/2023 | 06/04/2023 |
| 27/07/2022 | Final | GBP | 0.056 | 22/09/2022 | 23/09/2022 | 31/10/2022 |
| 27/07/2022 | Special | GBP | 0.12 | 22/09/2022 | 23/09/2022 | 31/10/2022 |
| 26/01/2022 | Interim | GBP | 0.028 | 24/02/2022 | 25/02/2022 | 06/04/2022 |
| 28/07/2021 | Special | GBP | 0.12 | 16/09/2021 | 17/09/2021 | 29/10/2021 |
| 28/07/2021 | Final | GBP | 0.045 | 16/09/2021 | 17/09/2021 | 29/10/2021 |
| 27/01/2021 | Interim | GBP | 0.027 | 25/02/2021 | 26/02/2021 | 06/04/2021 |
| 29/07/2020 | Final | GBP | 0.045 | 17/09/2020 | 18/09/2020 | 30/10/2020 |
| 31/07/2019 | Final | GBP | 0.045 | 19/09/2019 | 20/09/2019 | 01/11/2019 |
| Top Posts |
|---|
Posted at 04/4/2024 17:00 by gargoyle2 Dividend payment date not till 11 April, is it? Haven't received mine yet anyway. Lovely rise today. |
Posted at 04/4/2024 15:32 by harrogate Or maybe it is to do with Tungsten West. It has just about doubled in the last 2 days so maybe their permit is going to come through. Seem to remember that it will be worth 2.5m a year to HSP if mining goes ahead |
Posted at 04/4/2024 14:10 by harrogate Would think this buying is dividend reinvestment from todays dividendNice to see whatever |
Posted at 15/3/2024 12:01 by red ninja Well I don’t think that is that unusual for HSP or other AIM shares.They are illiquid, often not getting broker coverage and often unloved. However, they are good value. |
Posted at 04/3/2024 08:55 by davebowler Singer-Hargreaves has announced that is has completed the buy in of the Group’s two defined benefit pensions schemes. The maximum cost of this is deemed to be c.£6.6m but it could be as low as £3.7m (the difference being any increase in obligations during the two year buy in period). In any case, this is lower than the previously estimated maximum cost and our forecast of £9m. We upgrade our net cash forecast by £1.3m as a result (the dynamics of which are discussed in the body of this comment. The buy in removes the need for any deficit contributions and simplifies the balance sheet, underpinning the sustainability of the recently announced 36p annual dividend. This is further evidence of delivery against Hargreaves’ strategic objectives. We remain at Buy, reiterating our 770p TP and noting the attraction of the 7% dividend yield as management executes its value realisation strategy. |
Posted at 02/3/2024 22:25 by red ninja Harrogate,The 5th of Feb announcement states 3.89% of HSP is held by DSM + Downing managed clients funds. However, that is two entities which is confusing. Dsm states in 1st March NAV|portfolio statement that it has 1.04% of 30.44 million fund in HSP (see link in earlier post) that gets you to £316K and with a share price of £5.14 that gets you to 61K shares approx. The Downing managed client funds must have the majority of the 5th Feb 3.89% of HSP. I don’t think the Downing managed client funds will be in a rush to sell HSP given that Downing thought HSP was a good investment apart from rebalancing sales if the HSP share price rises and means it becomes too high a proportion of a client fund. |
Posted at 10/2/2024 08:53 by harrogate https://www.dividend |
Posted at 08/2/2024 16:41 by red ninja Tipped in Shares Magazine today in article"5 Small Cap Stars To Buy Today" Hargreaves Services (HSP) 475p Market cap: £155 million Whereas some of the other companies in this feature are mainly about growth, Hargreaves Services (HSP) is an asset-backed income play. The firm has a core infrastructure services business, a land business and a large stake in a German industrial materials business. The bulk of its revenue comes from the infrastructure side where it provides earthworks, mechanical and electrical services to major water and electricity companies, as well as working on HS2. It is also a preferred partner to Balfour Beatty (BBY) on the Lower Thames Crossing project, and it is the only contractor on site at the Sizewell C nuclear power plant in Suffolk. The land business owns large former brownfield sites which it upgrades and sells to developers, who go on to build houses, industrial, logistics or retail warehouse assets and renewable energy projects. After a flat first half of 2023, activity has picked up significantly among the housebuilders and commercial activity is also increasing. Finally, Hargreaves owns 49.9% of the equity in – but the right to 86% of the earnings from – HRMS, a raw materials business in Germany which trades industrial materials, makes carbon and recycles ferrous metals. Using a sum-of-the-parts valuation approach, we believe the business is worth around 800p per share, nearly 70% more than its current market value and slightly above the 770p figure achieved by analysts at Singer Capital Markets using a similar process. We estimate the services business is worth around £100 million or 300p per share, the land business – where the assets are held at book cost – is worth another £100 million, or 300p per share, and the German unit has a book value of £67 million or 200p per share, excluding any profits generated. Obviously realising this value will take time, but in the meantime, investors have the comfort of a fully covered 36p annual dividend which equates to a 7.5% yield. [IC] |
Posted at 24/1/2024 11:12 by davebowler Singer -Strong H2 outlook, with six-fold dividend increase Interim results are as expected, reflecting a strong performance in Services, fewer completions in Land and a slowdown within HRMS. As previously flagged, the reduction in activity at HRMS has reduced working capital consumption, resulting in a significant cash release to Hargreaves, with £8m received during H1 and further cash repatriations of no less than £7m p.a. expected. Combined with strong progress on the imminent pension buy out, this has facilitated a material, six-fold increase in the interim dividend to 18p (H1’23: 3p). The outlook for H2’24 and beyond is strong, with 90% of our FY24 revenue forecast for Services now secured, Land poised to deliver its best ever full year result, with several post-period end completions secured, and confidence in a return to profit at HRMS. We remain at Buy, reiterating our 770p TP and note the attraction of the 9% dividend yield as management executes its value realisation strategy. H1 outturn as expected Hargreaves’ interim results highlight that Group revenue decreased by 5.4% to £110.2m (H1’23: £116.5m) due to several sales within Hargreaves Land completing post period end., whilst Services performed strongly, with revenue increasing by 1.6%. As anticipated, HRMS recorded a post-tax loss of £1.9m (H1’23: profit of £10.8m) during H1’24. Group PBT therefore decreased from £18.7m to £2.7m. The prior year period also benefitted from a non-recurring gain of £2m. Six-fold increase in the dividend with balance sheet remaining strong As anticipated, reduced activity at HRMS has reduced working capital consumption, resulting in a significant cash release to Hargreaves, with £8m received during H1 and further cash repatriations of no less than £7m p.a. expected. Combined with strong progress on the pension buy out, this has facilitated a material, six-fold increase in the interim dividend to 18p (H1’23: 3p). The Group held cash of £18.7m at Nov. ’23, with no debt. Cash is expected to remain strong across the forecast period. Strong outlook, with significant profit recovery expected in H2’24 The outlook for H2’24 and beyond is strong, with 90% of our FY24 revenue forecast for Services now secured, Land poised to deliver its best ever full year result, with several post-period end completions secured, and confidence in a return to profitability at HRMS. We therefore anticipate a significant profit recovery in H2’24, forecasting PBT of £13.4m after the £2.7m H1 outturn (FY24E: £16.1m). Share remain attractively valued with substantial dividend yield The valuation remains attractive, with the shares trading on a May ’24 P/E rating of only 10.1x. Our SOTP valuation underpins a 770p TP. Management is executing a strategy to realise this value, with plans to dispose of the renewables portfolio in the first instance (on track). Investors are paid whilst they wait for this, with a very attractive 9% dividend yield. This makes HSP a high conviction Buy idea. |
Posted at 21/12/2023 15:27 by smithie6 Profit===== 2021 HMRS profit £18m Group. £14m Group excl. HMRS. £4m. LOSS !! 2022 HMRS profit £28m Group. £34m Group excl. HMRS. +£6m ====== These real numbers indicate that in the past that the rest of HSP, apart from HMRS, was a waste of time ! Adding 2021 & 2022 together the profit of HSP outside of HMRS was -£4m +£6m = + £2m. That is just £1m/year ! Not exciting at all imo. But each to their own opinion. Ok, historic numbers, might be better in the future. But land values are down imo. And that was the other profit contributor of HSP, used to be. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
