Hargreaves Services Share Discussion Threads

[simon gordon] 17/12/2013 10:02

W,

Agree with you on Monckton.

HSP story has too many uncertainties percolating away.

It's a zombie share: 800p to 900p, with the risk of 700p if the percolations start boiling over.

Risk reward is poor.

[wjccghcc] 17/12/2013 09:37

The problem is that half of Monckton's output goes to the closing Tata soda ash plant and the other half is linked to UK steel output which is being cut back. It is possible that Monkton becomes another banana skin for them.

[deanowls] 16/12/2013 16:53

Bought back in today, so my fault for the drop, I think that they are openly honest with the issues they have had and faced. As a company they have looked after their staff even when closing the pit last year and pay full whack. Hopefully most of the issues are behind them

Mentioning the divi, they do need to get it to a level where it becomes a support, say around 4 per cent? Hopefully not by reducing the share price tho!

[droid] 16/12/2013 15:08

I liked the start of expansion into the Far East. Management here is top class.

[meijiman] 16/12/2013 14:50

Agree totally with that. I feel that there are concerns over the quality of earnings in that some divisions are difficult to forecast and don't have a smooth earnings profile. Certainly the dividend and potential for further rises is a major positive. Think you just need to be patient here for a gradual re-rating.This is one of the few shares which offers decent value.

[meijiman] 16/12/2013 14:50

Agree totally with that. I feel that there are concerns over the quality of earnings in that some divisions are difficult to forecast and don't have a smooth earnings profile. Certainly the dividend and potential for further rises is a major positive. Think you just need to be patient here for a gradual re-rating.This is one of the few shares which offers decent value.

[sar10] 16/12/2013 14:25

Agree that there is always positives and negatives with this company but taking a very simplistic view if they achieve a pbt of 50 million + (the forecasts predict much more than this) then an mcap of approx 275 million is ludicrously cheap, especially with their commitment to gradually increase dividends.

Just my opinion.

GLA

[meijiman] 16/12/2013 14:04

Its out. Looks like the overall view is mildly bearish. i find it a difficult company to analyse. The statement has half a dozen points which are positive and half a dozen the other way. Happy to be a long term holder here.

[gargoyle2] 28/11/2013 10:43

Trading update should be about 3 weeks away. It's been on 17 and 19 December the last two years.

[gargoyle2] 28/11/2013 09:25

I don't want to tempt fate here, but it seems we're slowly creeping up. If we can get past that resistance at around 910, then I think we'll be off to the races.

[jamielein] 24/11/2013 14:42

I think they have to prove themselves before there's a significant re-rating here. I will continue to hold as I trust the management. They've just had an unlucky couple of years (I think unlucky is the best way to phrase it).

[aishah] 24/11/2013 13:48

TMI quotes N+1 forecast of 129p to May and then 144.8p in 2015. "Shares should recover to historic highs of £12.50". Buy

[gargoyle2] 22/11/2013 10:28

Heading back to 9 quid here? Still looks undervalued imo.

[aishah] 21/11/2013 14:55

The II site visit on the 14th might have something to do with recent price recovery here.

[aishah] 13/11/2013 14:15

Slide continues. Now on a tight stop-loss for me.

[ginna117] 06/11/2013 16:24

Cheers
Ginna

[sar10] 06/11/2013 15:09

13.6 p/share

[ginna117] 06/11/2013 14:51

What was the divi?

[sar10] 06/11/2013 14:47

Ex divi today

[spooky] 06/11/2013 14:08

Director selling didn't help

[aishah] 06/11/2013 13:21

Fallen over of late - not sure why

[meijiman] 21/10/2013 15:48

And if anyone had followed these 'tips' they would have big heap profit today!!

[meijiman] 18/10/2013 12:41

Thanks.MDM-mining engineering consultancy. It appears in - lists which i use quite alot. Have to agree with the resident guru there (Paul Scott) that there is less value around now. Still if the market went to 7500 next year then all bets are off. Glad I still retain my measly Royal Mail holding.

[sar10] 18/10/2013 12:35

Meijiman - Have a look at MDM. Cracking divi and very undervalued imho.

dyor and all that jazz!

[meijiman] 18/10/2013 10:39

The potential to significantly lift the div is another factor which has been overlooked here. I guess it pays to buy your assets on the cheap-it frees up cashflow for dividend purposes.
There are fewer and fewer stocks left which offer any real value -this one is near the top of my short list.
If anyone can up with some more stocks which fit with the ratios outlined by AISAH then that would be handy. My fairly recent purchases include -in no particular order T. Clarke/Trifast and Hayward Tyler. Ive taken some big profits from selling out of IMI and Avon Rubber.