Hargreaves Services Share Discussion Threads

[banana barry] 17/9/2009 09:15

Oh ffs.

At this rate i'm stuck with the wife for another 2.5 years!

I'm even beginning to like her now :)

[mitzis] 17/9/2009 08:53

Thanks for that limit up thats just great.

[limit up] 16/9/2009 16:42

mitzis.
brokers tgts £9.5

[mitzis] 16/9/2009 15:52

700p and more to come.

[mitzis] 16/9/2009 09:28

Telegraphs Questor..

[wjccghcc] 16/9/2009 09:11

One of my biggest AIM holdings. It's taken a while to get the breakout it deserves. A move to a full listing in 2010 will help considerably.

[mitzis] 16/9/2009 09:07

700p soon people I couldnt imagine that 6 months ago.

[aishah] 16/9/2009 08:46

From the FT: Coal helps Hargreaves mine a rich seam

[wjccghcc] 16/9/2009 08:42

Buys in the Times, Telegraph and Independent.

Broker upgrade of 10% by Altium to 89p EPS this year and 95p the year after.

Works for me.

[banana barry] 16/9/2009 08:19

Good to see the wifes sharesave doing well!

£4.30 :)

[mitzis] 16/9/2009 08:13

Anyone got the Dailys..?

[wjccghcc] 15/9/2009 20:27

Likewise, I'm happy to hold and add on dips. PE of 7.5 (pre-upgrades) and EV/FCF of around 5 is pretty good with earnings still growing and that's with economic weakness affecting most of their clients which should dissipate as steel production recovers.

Net debt of 69mm vs free cash flow of 42mm is quite conservative, particularly when you consider they have 60mm of inventories (primarily coal/coke) which is easily sellable.

In fact my only concern was the increase in inventories but they say they're going to reduce now the coal price has recovered to levels they're happy selling at.

[limit up] 15/9/2009 20:18

kombimatec.
the reason for the drop before was because of a technical position where two large holders had to get out thus the stupid price the shares went down to .that was cleared last month,there are quite a few meetings the co is doing this week in the city,i fell there will be further upgrades of the stock,this year..
regds

[aishah] 15/9/2009 18:45

"The board continues to view the current year with significant confidence and expects the group to build on its impressive track record." Says it all. Expect a good run IMHO.

[kombimatec] 15/9/2009 17:36

Thanks for your opinion. I also felt the cash position was a worry if interest rates started to rise they would feel the pinch so I've sold at 637.75. If they redress like they did following the last results release I may come back in.

[wjccghcc] 15/9/2009 17:04

I suspect H1 sales were inflated by the high fuel/commodity prices which were passed on to customers. With fuel prices a lot less in H2, the top line would be considerably lower.

I think the operating profit progression is a better measure of the underlying business.

H108 9.2mm
H208 14.4mm
H109 16.2mm
H209 17.3mm

[kombimatec] 15/9/2009 15:15

What concerns me is the sales in the first half/full year of 2008 were £ 174/£ 404m whereas 2009 they were £ 296/£ 503m. The later half being only £ 200m. Should I be concerned?

[limit up] 15/9/2009 14:40

i have noticed after the good figs broker has upped their share price tgt to £9.5..
regds

[mitzis] 15/9/2009 08:02

Not bad.. re-emphasises how cheap they really are.

[banana barry] 15/9/2009 07:38

Superb results

[mitzis] 10/9/2009 19:45

BarCharts have a 100% Buy rec..

[silverfern] 10/9/2009 19:43

sorry to remind but last time it was this high was at results time and for no reason I can see it fell like a stone after results- unfair, it was.

[mitzis] 09/9/2009 16:37

Almost sure it will .