Hargreaves Services Share Discussion Threads

[harrogate] 26/1/2022 07:32

Brokers have upped this year by 20% and future years likewise. Surely too cheap now and at 10x rating we should be going back to 5.50. Momentum here is excellent and not impossible we will see further upgrades going forward

[harrogate] 26/1/2022 07:22

That is a great report. Material upgrade on this year and future years mentioned. All going well across the businesses here. Will be interesting to see what the new broker numbers are but at around 400p this is now pretty cheap with net cash. Progress over the last couple of years has been fantastic

[tole] 23/1/2022 09:37

https://www.dailymail.co.uk/money/investing/article-10430025/MIDAS-SHARE-TIPS-Hargreaves-Services-turns-5-yield.html

[rimau1] 23/1/2022 08:46

We should get a timely boost tomorrow.
“ MIDAS SHARE TIPS: Ex-coal firm Hargreaves Services dusts itself down with boss Gordon Banham reinventing the business - and turns in a 5% yield”

[smithie6] 21/1/2022 11:36

The actual spread for real trades is normally smaller than the 'advertised'/official spread.

Normally 10-14p.
& the price seems to move around.
If you want to buy or sell, one idea is to use a limit price & gives a few hours for it to hopefully be hit/dealt.

----
This stock has a MM or is automatically traded without a MM ?

[harrogate] 19/1/2022 10:37

It is often the case on the boards but if you want to deal common to buy or sell well within that so spread in reality ok. It is fairly illiquid do never going to be a couple of pence

[peter oconnor] 19/1/2022 10:26

Anyone any idea what the reason is for the massive (5%) price spread

[daisylove] 14/1/2022 15:09

Hardly any volume here. Will try and get in at £4 now. Otherwise I'm dead cert I'll be in the red.

[smithie6] 11/1/2022 12:57

go on, splash that cash !

(I'm back in)

[daisylove] 10/1/2022 14:38

There seems to be quite a lot of intraday movement but I'm still vacillating on this, which I'm sure is of great interest to everyone.

I took a small position and profit on HILS and so have a some cash to splash.

[castleford tiger] 18/12/2021 18:01

HA ha sounds about right!

[beeks of arabia] 18/12/2021 17:44

You were busy on the forklift, blocking the road!!

[castleford tiger] 18/12/2021 17:30

cannot believe you didn't give me a shout!!

The Pamlemousse makes a perfect pink gin!

Yes very very busy today.

please ask for me next time

Tiger

[beeks of arabia] 18/12/2021 15:55

Mr Tiger, popped in today but you looked extra busy!

Furnished your coffers with some beer tokens - bought a giffard Pamplemousse and a crate of Blue Moon.

Merry Xmas!

[harrogate] 17/12/2021 12:59

I agree and have been adding below £4 today. While it did get ahead of itself at 5.50 and had come back with the market, all the recent news has been positive and below 10x and yielding 5% with lots of things going on they look too cheap and broker targets all well above 5.00

[castleford tiger] 17/12/2021 12:34

I agree with them.

tiger

[slopsjon2] 17/12/2021 10:44

Singer note

"Hargreaves’ former subsidiary, Brockwell Energy, has reached financial close on its Energy from Waste plant at Westfield, Scotland, on land owned by Hargreaves. This triggers a £2m windfall for Hargreaves and a long term (35 year) rental income stream. Hargreaves will invest £7m in the site over the next 12 months to deliver services to the plant and 40 adjacent acres, which will be marketed to industrial users. We consider this a meaningful, value enhancing event, which suggests our 560p Target Price could prove conservative over time. BUY. "

[ayl30] 17/12/2021 07:13

Good news this am, another brick in the wall

[andy2205] 14/12/2021 16:56

Indeed, I couldn't see anything. I bought a few at £3.81.

The recent TU looked good to me, with possible sale of German business, solid land development/house building value in pipeline, and decent yield etc...I appreciate wider news impacting general markets but seemed a quick drop.

Anyway, I am happy to be in again sub £4 for medium term.

Thanks
Andy.

[castleford tiger] 14/12/2021 16:44

Baffling TBH

[andy2205] 14/12/2021 16:23

Anyone know why the drop to c£3.86 just now, I cannot see any news?

[red ninja] 11/12/2021 12:40

Hargreaves Land targets growth with new Leeds office :-


"Land and property specialist Hargreaves Land has opened its first Leeds office in a bid to boost its development activity across Yorkshire, the North West and the Midlands.

The property development division of Hargreaves Services plc has signed a 5-year lease on a 1st floor suite at 14 King Street in the heart of Leeds’s commercial district with landlord, Bruntwood.

The move follows the firm’s creation of its central region earlier this year as part of its continued growth strategy to expand the reach of its UK regional network, which includes existing teams based in Yorkshire, the North East and Scotland.

David Anderson, group property director at Hargreaves Land, said: “14 King Street is a quality base for our central region and provides the ideal platform for us to expand our pipeline of regional projects. We have secured a highly accessible address, within a short walk of City Square and the mainline rail station. Having such a presence in central Leeds will enable us to raise our profile in the area and strengthen relationships with our existing contact base as well as new development partners.”

“Expanding our land and property development business and replenishing our development pipeline is a key element of our strategic vision. We already benefit from a significant land bank, but we are constantly seeking to enhance our offering through an active acquisition strategy, whether that involves strategic land, joint venture partnerships or other development opportunities”.

This year the firm has made a number of new appointments to its central region including David Travis as development director and Zoe Shearman as development surveyor. Both will be based at King Street, alongside the firm’s head of asset management Andrew Johnson. The firm expects to strengthen its team with further appointments in the next 12 months.


L to R: David Travis, Zoe Shearman and Andy Johnson will all be based at the new Leeds office.
Within its central region, Hargreaves Land is currently on site at the 250-hectare (618-acre) Unity regeneration scheme in Doncaster, where it is delivering over 2 million sq ft of prime employment space and over 3,100 new homes, in partnership with Waystone Developments.

In Bridlington, the firm is nearing practical completion of a £9.5m retail warehouse scheme, by way of a development partnership with Fintry Estates. The scheme will deliver 44,000 sq ft of new edge-of-centre retail floorspace under a development agreement with East Riding of Yorkshire Council and has already secured pre-lets with Lidl & B&M Retail.

Hargreaves Services plc is an AIM-listed business which employs more than 1,500 people and delivers key projects and services in the property and industrial sectors around the world. The firm’s extensive pipeline and strong heritage places it at the forefront of development across much of the UK, with an emphasis on creating positive places which incorporate vibrant, sustainable land and property solutions. The business has over 9,000 acres of land under management and benefits from a £450m development pipeline spread throughout the UK, including planning consent for over 4,600 homes and 4.5 million sq ft of commercial floorspace."

[rimau1] 09/12/2021 22:57

Glad to hear about the head and shoulders pattern, i might top up tomorrow! I’m mostly interested in the hidden value on the balance sheet. I think selling HRMS we can bank €70-€80m and its on our books at approx €40m which equates to £1+ a share NAV boost getting us closer to analysts share price targets of £5.75+ . Hopefully news in the next update.