Hargreaves Services Share Discussion Threads

[gargoyle2] 20/2/2013 00:27

That's my reading too, Simon. It was seeing you comments about HGP at the end of last year that prompted me to research and buy this, originally in the mid 600s, so thanks. I think we'll be headed back to 12 quid before too long.

[simon gordon] 19/2/2013 20:56

If it holds above 800p (6x) next major resistance 1050p (8x) to fill the gap:

Daily

[jamielein] 19/2/2013 10:22

When I bought back after selling on the landslide news, I bought more than double what I originally held, so I hope results are good. I may buy more if they are as I think fair value is £10+ in the short term.

[castleford tiger] 19/2/2013 09:44

Results will be good. Belgium far smaller than market thought.

Be out at your peril here.
Could move up very fast now the jumps getting bigger

tiger

[jamielein] 18/2/2013 16:03

I think it all depends on the results as there may still be some uncertainty factored in for Belgium etc.

[gargoyle2] 18/2/2013 15:48

Nice move today. If we hold above 8 quid, we could be on the way to 10 pretty quickly imo.

[jamielein] 18/2/2013 10:47

Decided to buy back this morning. Think I made a big mistake selling on the landslide news.

[castleford tiger] 15/2/2013 18:35

Its a long way to go.

I still expect 10.00 by the summer going to 12 plus for year end.

tiger

[highcommissioner] 15/2/2013 14:39

Still going strong.

[aishah] 14/2/2013 17:00

So no disruption - natural event. Can't do much about that. Chin up HSP!

[jamielein] 14/2/2013 16:13

Thanks Simon, possibly a mistake for me to sell this morning then. Still think I'll wait for results though. Would like to see the outcome of the Belgium investigation also.

[highcommissioner] 14/2/2013 15:53

Thanks for that info Simon.

[jamielein] 14/2/2013 12:14

I think the funds are still increasing as the price has been relatively strong given the large number of sells today.

I don't know whether they know something we don't, or whether they just aren't aware of the recent news because an RNS hasn't been issued.

This company do seem cheap on a long term basis, so I was reluctant to sell this morning. I just feel I'd rather buy back in 10% higher when there's less uncertainty.

[aishah] 14/2/2013 11:41

The funds increased their holdings pre-incident. So you need to re-assess risk now. Looking at their Annual report, they do mention some contracts and revenue from Hatfield. Will there be any disruption? HSP so unlucky recently as someone mentioned earlier.

[jamielein] 14/2/2013 11:25

Agreed spooky,

It's the worry of an RNS once it's been assessed having an immediate negative impact on the price, even if this does turn out to be a limited financial impact.

I believe the funds that have been increasing are still increasing, so I suppose this does give some confidence.

[spooky] 14/2/2013 11:15

I am a little nervous here, they are can't really RNS it until there has been some sort of assessment and it only happened yesterday so i am worried that we may wake up to a announcement over the next few days.I have sold 10000 just in case but i am finding this a little tricky to quantify, it's more the affect on sentiment rather than the financial impact.

[simon gordon] 14/2/2013 09:54

Jamielein,

I think HSP would only release an RNS if this accident was material to them.

They are contractors at Hatfield, they do not own the mine and its liabilities.

I presume the cost for this accident would be absorbed by ING, the mine owners, and possibly Network Rail.

As far as I can tell the Hatfield accident is not on a par with Maltby and Belgium which were both material and required an RNS.

At worse ING could penalise HSP for costs because they reckon HSP were negligent, without being on the ground it is hard to tell, my gut says this is a storm in a teacup and it'll cost HSP very little.

[highcommissioner] 14/2/2013 09:53

Instiutions have been buying recently.

Maybe the Hatfield incident will have no material impact on Hargreaves due to insurance provisions.

[jamielein] 14/2/2013 09:45

SP completely unaffected...somebody must be absorbing all of the selling. Still, I'd rather buy back at a higher price in the future when there's less uncertainty.

[highcommissioner] 14/2/2013 09:13

Was expecting a significant drop today due to the Hatfield news.
Still looking strong.

[jamielein] 14/2/2013 08:49

Decided to sell as I don't think this most recent problem has been reflected in the share price. They haven't issued an RNS about it yet. Not sure how liable they are for any damage or how much it'll cost. Will wait for some news before deciding what to do next.

[simon gordon] 14/2/2013 07:24

Short bit of history on Hatfield:

Hargreaves Services wins colliery contract

by Karen Dent

The Journal

Jun 23 2011

NORTH EAST energy support group Hargreaves Services has won the management contract for a South Yorkshire colliery, which has just been bought out of administration by a Dutch bank.

The Esh Winning-based business will manage the Hatfield Colliery site near Doncaster for an initial 12 months on a fixed-fee basis, with a provision to extend the contract.

The mine's owner, Powerfuel Mining, went into administration in December, but Hatfield was bought last month by a holding company backed by ING Bank, saving more than 400 jobs.

Under the new deal, Hargreaves will also trade the first 800 kiloton of coal extracted from Hatfield under its new owners.

Hargreaves, which also operates South Yorkshire-based Maltby Colliery and Monkton Cokeworks, said: "Although we anticipate expending considerable efforts in the first few months, we are excited by the opportunities presented by this project.

"The management contract will utilise all aspects of the group's expertise and experience and we are in the process of negotiating an incentive scheme with ING Bank, the owners of Hatfield Colliery Limited, which is likely to involve the granting of equity to incentivise and reward Hargreaves for delivering on a number of key performance objectives."

[jamielein] 14/2/2013 01:37

This company has been the unluckiest company I know...