Hargreaves Services Share Discussion Threads

[harrogate] 25/7/2022 07:45

Results this week and IMC presentation. Will he interesting to see if we can get a feel for the impact of the global / Germany situation on HRMS - both good and bad. I could see coal trading being very strong given start up of coal fired power in various places but general commodity weakness and energy cost likely a negative. As always lots of moving parts here

[castleford tiger] 22/7/2022 10:06

Prices creeping back up

[red ninja] 09/7/2022 11:57

It will have an impact on the German division, but remember from January results they have hedged 40% of Zinc sales to around the end of year :-

"The third element of HRMS, DK Recycling, has also made a substantial contribution to the Group as it has benefited from strong pig iron and zinc commodity prices. The plant takes around 500kt of waste material from the steel manufacturing industry in Germany and recycles it into 285kt of pig iron and approximately 6kt of zinc per annum. That waste material would otherwise go to landfill. Some of the current level of profitability has been driven by the strong zinc and pig iron prices DK is experiencing and to provide greater security over future revenue, forward positions have been taken to hedge 40% of the projected zinc sales for the next 12 months. Additionally, the German management team is now confident that they have created a sustainable level of operational improvement following the acquisition of DK in December 2019."

Also I believe the brokers have not pencilled in the spike in commodity prices into the current years estimates.

However, it will all become clearer when results come out on 27th July.

[simon gordon] 05/7/2022 17:33

FT headline - 4/7/22:

Germany warns of 'historic challenge' as trade slides into deficit

Germany's political and business leaders warned that the country was facing its biggest economic crisis for decades as soaring energy prices....

[riverman77] 05/7/2022 17:28

Zinc down heavily, could be having an impact on the German division.

[smithie6] 05/7/2022 17:22

"Russian gas issue"

??

[castleford tiger] 05/7/2022 16:03

Looks oversold
Bought 10 k more today

[simon gordon] 05/7/2022 15:10

Is it coming off because the good times for its JV in Germany could be ending due to Russian gas issue?

[andy2205] 04/7/2022 14:57

Cheers for the reply. Seems like a solid company to me and an excellent medium term prospect for capital gains.

[gymratt] 04/7/2022 14:13

Uptrend still intact on the big chart...

[gymratt] 04/7/2022 14:11

Just a bad market, Andy IMO. Had another top-up today.

[andy2205] 04/7/2022 12:07

Other than general market sentiment, is anyone aware of any new news that would drive the 6% drop. I cannot see anything on here or Stocko, trades dont seem out of the ordinary, it hasnt gone Ex div etc.

In typical style, I bought at £4.99 (top up) on Friday!

[tole] 27/6/2022 19:11

https://masterinvestor.co.uk/equities/small-cap-catch-up-monday-morning-summary/Hargreaves Services (LON:HSP) – even more to go forThis now diversified property services group has already stated that it expects that its results for the year to end May will come out ahead of market expectations.It appears that its German joint venture is really helping the numbers.Although the group's revenues may prove to have been lower at £166.0m (£204.8m), however adjusted pre-tax profits are estimated at £32.9m (£21.2m), pushing earnings up from 70.1p to 97.0p per share, comfortably covering a dividend of 20.4p (19.2p) per share.Analyst James Tetley at Singer Capital Markets has a 'buy' out on the shares with a price objective of 710p each.Considering that they are now trading at 522p in the market I would suggest that there is still a lot more to go for with this group's shares.

[castleford tiger] 24/6/2022 13:17

514 to buy I have an order in for 20k. Filled 1000 so far!
tiger

[gargoyle2] 22/6/2022 11:19

A chance to buy even lower now CT.

[castleford tiger] 20/6/2022 09:26

Bought at 520p not got what I want yet. See how my broker goes on today
.

[smithie6] 14/6/2022 11:05

...the company is required to communicate to the market via something called

"RNS" !!

the market should not need to try to obtain a broker's note which translates/explains an RNS

[harrogate] 13/6/2022 12:58

Perhaps AIM being down 2.5% today might have something to do with it. All you need to do is look at the broker note updates to see that it was an additional £3.5m over the last upgrade. But you seem to refuse to look at that and prefer to confuse yourself for no reason.

[smithie6] 13/6/2022 12:17

surprisingly weak share price after reporting an increase in profit

('if' it was an extra 3million & not +£3 replacing +£5 million !)

[gargoyle2] 11/6/2022 22:58

HSP rated a buy in Small Company Sharewatch today.

[3800] 10/6/2022 22:29

Try

hxxps://www.marketscreener.com/quote/stock/HARGREAVES-SERVICES-PLC-4005656/revisions/

smithie

[smithie6] 10/6/2022 22:12

If the co. states that profit is up by 3.5 million versus the 3rd May RNS

Then the co. has profit numbers.
But is not stating them. :-(

Instead just stating the difference.

[smithie6] 10/6/2022 22:10

...& there was me thinking of going to bed !!

[gargoyle2] 09/6/2022 21:53

I think you're being optimistic to expect a trading update, made only a week or so after the year end, to have PBT and PAT numbers. For what was expected before today, probably best to look at the CMD presentation, page 35 if I remember correctly.