Hargreaves Services Share Discussion Threads

[castleford tiger] 27/2/2024 06:55

Ok valid but another reason never to be a forced seller ( ever )
The dividend looks like it will increase and the land sales will pick up again
Tiget

[red ninja] 26/2/2024 23:07

Downing Strategic Micro Cap. I. T. is winding down over 2 years. Thus all holdings must be sold.

DSM + Downing client funds had 3.89% of HSP at 5th Feb.

[harrogate] 26/2/2024 22:09

They need cash as the fund is allowing 50 redemptions and a lot of their other stuff is poor.

[castleford tiger] 26/2/2024 21:55

Why would anyone sell?
One reason please

[harrogate] 26/2/2024 19:39

Large trade went through today. Wonder if Downing selling more.

[solarno lopez] 26/2/2024 09:19

Yes a good few pence

[castleford tiger] 25/2/2024 21:17

Worth a few pence on Monday am

[mexico man] 25/2/2024 14:06

Mail on Sunday big write up tipped by midas

[gargoyle2] 19/2/2024 20:57

Nice finish today - working its way back up towards 600

[daisylove] 19/2/2024 14:09

This is one of very few stocks that can be described as solid given the current world malaise. I've had a bit of a downer on it at times in the past but now of course wish I'd bought more when it was around £4! My tp still £6. Faith in the management counts for a lot.

[mexico man] 17/2/2024 07:37

Tiger they are really busy they have got some new contracts interviewing for new drivers nationwide

[harrogate] 16/2/2024 15:58

7% now! I see this moving to 6% gradually- think needs the pension buyout and another set of results to show everyone the 36p is here to stay. That would get us to £6.

[castleford tiger] 16/2/2024 15:12

7.5% yield and upside still
What’s not to like

[smithie6] 15/2/2024 15:33

Congrats to HSP holders.
Nice % rise from 400p. Sadly I didn't hold during that time. But been doing ok elsewhere.
If it were ever to fall back a bit I might get back in, but the high divi might stop any notable fall back.

[daisylove] 15/2/2024 11:16

A dangerous thing to say!!

[castleford tiger] 10/2/2024 23:02

Boy this has been good to me.

[cyberbub] 10/2/2024 10:17

Thanks Harrogate

[harrogate] 10/2/2024 08:53

https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=Hsp

[cyberbub] 10/2/2024 08:40

When's the next divi date roughly? Thx

[red ninja] 08/2/2024 16:41

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]

[solarno lopez] 08/2/2024 11:11

Making progress

[harrogate] 07/2/2024 15:17

Downing have sold over 700k shares per their holding RNSs. Maybe selling more. With that I think the price has done pretty well

[daisylove] 07/2/2024 14:29

Hmm. A resistance seems to have formed at around that level in recent days.
Tempting to bag a little profit but will be hanging on until £6 and then see.