Hargreaves Services Share Discussion Threads

[meijiman] 20/10/2014 15:35

I assume that the fire at Didcot may be helping the share price.....

[beeks of arabia] 20/10/2014 11:20

Next stop £6.45.

[totally banjo] 17/10/2014 15:45

General interest-Video of the British Safety Council working with Hargreaves Industrial Services:

[beeks of arabia] 17/10/2014 15:05

Knocking on the door of £6. Just needs to knock a little louder!

[tanelorn] 16/10/2014 16:09

Bought 10,000 £5.79 missed the low, gutted.

[bench2] 13/10/2014 13:58

Owen Paterson new policy is a bit more pragmatic .

[bench2] 10/10/2014 18:52

Thank you totbanjo for tracking down the Cumnock article . One of the best counter trend rallies I have seen on a truly awful day for global equities , only 11% of all UK equities went up today . So 10/10 a good day for Hargreaves ...... we need to wait for next week to see if this is just a dead cat bounce . This could be a great hard winter play , when the brown out's start , and the renewables don't deliver and 20% of nuclear out of commission , the politicians of all hue will be on their knees begging to re-open the mothballed coal fired stations . Roll on February . Buy your stand by generators and oil lamps now .

[meijiman] 10/10/2014 17:05

yield is decent and if you believe the Cumnock Chronicle there may be scope to increase it.

[beeks of arabia] 10/10/2014 16:24

Looks like we have hit a bottom here - £5.50 seemed to be the spot.

Bought back in.

[meijiman] 10/10/2014 11:45

They might be better advised communicating this to some fund managers rather than the Cumnock Chronicle.
I think the Belgian fiasco and the Maltby closure rather knocked the stuffing out of the company -hopefully it can recover its mojo again.
for sure these coal prices can't be helping but all things pass.......

[totally banjo] 10/10/2014 11:07

Hargreaves 'never in better financial shape' despite share dip
Published: 10 Oct 2014 10:30

THE operator of most of East Ayrshire’s open cast coal mines, as well as Glenmuckloch in Kirkconnel, has suffered a dramatic dip in its share price.

Hargreaves Services shares are now sitting at their lowest in four years.
The Durham-based firm’s price is now £562, dropping from £904 one year ago.

The company puts the dip down to the low coal prices internationally.
Despite the news, the firm is adamant that it has never been in better financial shape.

A spokesperson said: “Whilst the Group cannot comment on why the share price has reduced, the market have reduced their forward profit forecasts of Hargreaves to take account of the continuing low international coal price. This inevitably will be one of the factors putting pressure on the share price.

“Despite the fall in international coal prices, management is confident that the breadth and strength of the Group ensures that it will continue to be profitable. Despite the low coal prices, the Group has reiterated its support for continuing to develop its Scottish mining activities as it waits for coal prices to improve. Hargreaves continues to develop its mining activities in a controlled and financially responsible manner.

“The Group has also stated that it is looking to streamline its activities around coal and coke trading. Although this is also expected to reduce future profit levels it will also reduce much of the risk and volatility it faces and will allow the Group to free up more cash and capital.

“As a result, the market is expecting the Group to be debt free by the end of its financial year in May next year, a significant reduction from the £106 million of debt reported in November 2012.

“Despite investing £38 million in setting up its Scottish operations last year, the Group was still able to reduce its bank debt by £9 million over the last financial year to May 31.

“Although the share price has fallen, the strong balance sheet position of the Group and the broad activity base ensure that the Group has never been more financially robust.”

[totally banjo] 09/10/2014 15:56

Good job this is the Hargreaves Services plc thread then! :-)

[richie496] 09/10/2014 15:52

Evil Knievil comments on Hargreaves Lansdown (HL) page 17 in Spread Betting Magazine October edition

[totally banjo] 08/10/2014 15:41

and possibly a new website?

[totally banjo] 08/10/2014 14:59

Annual Report 2014 (Published 1st October)

[castleford tiger] 04/10/2014 09:04

Beeks you must be local !!

I fancy

MLIN,VCP,MFX, M and S ( around 350p)LPA

Tiger

[beeks of arabia] 01/10/2014 21:28

A planning application has gone in to create a waste incinerator in Eggborough - this is at an old woodburning power plant that HSP own and currently use as a transport hub.

Got the leaflet through the post today.

[jamielein] 01/10/2014 21:25

Thanks, will take a look.

[supersturrock] 01/10/2014 21:14

Jamielein - take a butchers at ACL and AVG.

[jamielein] 01/10/2014 19:58

I was out on the year-end trading update (30th May) when I thought it was more likely to go under £8 than go up. Think I posted on here at the time.

Sometimes you just have to take a loss to avoid an even bigger loss.

O/T any other companies you think are worth buying at the moment? I am finding it difficult to find anything that's good value.

[castleford tiger] 01/10/2014 18:12

I should add. It was the numbers that did it for me.Thats when I jumped and at least it saved me some money.

[castleford tiger] 01/10/2014 18:09

I was bullish but fed up of being fed bull shix.

I sold at a loss but at least I am out.
This is unloved and if it makes 100p this year it looks cheap.

However feel its much lower to go. The warm sept has not helped.

Need to see a clear direction here before i come back in.

That big sale by a director a while ago looks well timed.

Tiger

[gustavfenk] 30/9/2014 20:34

On a forward P/E of 5.4 and a well-covered yield of 4.3%, this is either becoming bargain of the century or a massive value trap. I can't make my mind up whether to sell my holding or buy some more.

[jamielein] 29/9/2014 18:39

CT, I thought you were bullish on HSP? Are you still holding?

I'm just watching for now.

[castleford tiger] 29/9/2014 18:06

500 or less coming.

tiger