Hargreaves Services Share Discussion Threads

[totally banjo] 24/11/2014 09:07

24 November 2014

Hargreaves Services Plc

Transactions in Own Shares

Hargreaves Services Plc announces that on 21(th) November 2014, in accordance with prior approvals from shareholders, it purchased through N+1 Singer Capital Markets Limited 190,000 ordinary shares at an average price of 630 pence per share. The purchased shares will be held as treasury shares. Following the above purchase, Hargreaves Services Plc holds 230,000 ordinary shares in treasury, and has 32,908,756 ordinary shares in issue (excluding treasury shares).

Therefore the figure of 32,908,756 may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.

[tanelorn] 21/11/2014 15:13

Yes strange that!.

Think those two sells ( recorded as buys, were mopped-up ) rns?. Probably.

[bamboo2] 20/11/2014 10:47

At todays sp, 10% of the co will cost £22m. Quite achievable, given the recent disposal.
edit added, nb, the buybacks appear as 'O' trades rather than 'AT'.


---------------------

[tanelorn] 20/11/2014 09:54

Yes indeed,looking forward to the next year, guess we will see more institutional buying, with the sellers being mopped-up as and when.

[bamboo2] 20/11/2014 08:01

tanelorn, the buyback has started.

20 November 2014

Hargreaves Services Plc

Transactions in Own Shares

Hargreaves Services Plc announces that on 19(th) November 2014, in accordance with prior approvals from shareholders, it purchased from N+1 Singer Capital Markets Limited 40,000 ordinary shares at an average price of 640 pence per share. The purchased shares will be held as treasury shares. Following the above purchase, Hargreaves Services Plc holds 40,000 ordinary shares in treasury, and has 33,098,756 ordinary shares in issue (excluding treasury shares).

[tanelorn] 17/11/2014 16:21

The nay-sayers have gone quiet. I've had a divi, plus appprox £11k and i think it's got a lot farther to run.

Breaking 700 within 30 days, and judging by the insti buys, they believe as well.!!

Plus 4% ( from now ) this year and the same again next year plus a final divi. Mad not to see it?.

Imo, dyor, blame someone else when you get it wrong, or wait too long, sigh!,

All my opinion - no advise intended.

[bamboo2] 13/11/2014 16:11

tanelorn, yes, frequent reporting is also my experience of buybacks at BP. and VOD.

[tanelorn] 13/11/2014 15:55

Not sure, but usually the buy backs are announced regularly. It's my hope that information is reported frequently, that at least has been my previous experience.

[bamboo2] 13/11/2014 13:40

tanelorn, do you think they will announce purchases as they occur? Or will the co wait until they have a decent size holding under the disclosure rules?

[tanelorn] 13/11/2014 12:50

Don't believe the buy-back has started yet?, will be interesting to see how much the price rallies, upon commencement.

[totally banjo] 11/11/2014 11:26

Schroders plc increased from 3,311,197 to 3,364,447 (7th November 2014) giving them a 10.153% holding.

[bench2] 10/11/2014 22:34

Thanks I had missed the sale .. 980,000 shares at 890p on 24 Oct 2013 ....... looks well timed ...

[castleford tiger] 10/11/2014 20:01

Its a year ago since CEO and FD sold almost a million shares.
The return over 1/3/5 years is poor.
1 week 655.00 -5.00 -0.76 642.60 0.07 644.42
4 weeks 576.50 73.50 12.75 615.70 0.07 614.90
12 weeks 775.00 -125.00 -16.13 642.15 0.10 642.29
26 weeks 830.00 -180.00 -21.69 718.16 0.07 693.18
1 year 840.00 -190.00 -22.62 778.11 0.10 781.72
3 years 1,133.00 -483.00 -42.63 848.09 0.10 814.56
5 years 731.50 -81.50 -11.14 831.59

I am nervous as I need to see how they are coping with such low coal prices.
I sold at a loss and remain out.

something tells me you may get 40% divi going forward but EPS will not be 100p next year . Maybe a great deal less

tiger.

[tanelorn] 10/11/2014 16:36

Good steady progress, 700 next target. It'll bounce lower then ascend again.

[bamboo2] 07/11/2014 16:59

5 Nov 2014
J O HAMBRO CAPITAL MANAGEMENT LIMITED
Above 5%

[bamboo2] 07/11/2014 14:05

Presumably the buyback has started today. Will the buybacks show up as 'O' trades, or perhaps 'T' trades?

Will there be a daily announcement of the trades?

[meijiman] 07/11/2014 13:49

Yes Ive just re-read the RNS -twice for good measure. The more I read it the better it looks. I'd rather not got to the last sentence on my initial read -but there is clearly scope to increase the buy-backs and/or pay special dividends. All this involves cash and the refs to cash generation do look very positive.. So whilst the company may be ex growth in some respects, in terms of its core business(es), it may prove to be rewarding for shareholders ,albeit those earlier broker targets of £11/12 now look remote.

[tanelorn] 07/11/2014 13:30

Wish i'd've had greater courage, this is going to break 750 imo

[totally banjo] 06/11/2014 13:05

A reminder of the announcement regarding the 'share buy-back programme' that was approved at yesterday's AGM:

UPDATE ON REVIEW OF STRATEGY (27 October 2014)

[tanelorn] 05/11/2014 15:27

A maximum purchase price of 5% above the last 5 working day share price. ( avg as of today is 6.45 = 6.77 ) simplistic view, but shows the underpinning of my investment in this share. ( Have £104k )

[totally banjo] 05/11/2014 13:53

For immediate release 5 November 2014


HARGREAVES SERVICES PLC

("Hargreaves" or the "Company")

Appointment of Deputy Chairman

The Board of Directors of Hargreaves (AIM: HSP), the UK's leading supplier of solid fuel and bulk materials logistics, is pleased to announce the appointment of David Morgan as Deputy Chairman with effect from the conclusion of the 2014 AGM, which took place this morning.

Tim Ross has served as Chairman for nearly nine years and has accordingly decided to step down as Chairman and from the Board prior to the 2015 AGM. It is intended that Mr Morgan will succeed Mr Ross as Chairman with effect from the commencement of the 2015 AGM.

Mr Morgan was appointed as the Senior Independent Director of Hargreaves in February 2012, and is currently Chairman of the Audit Committee and a Member of the Remuneration Committee. He spent over 20 years with Johnson Matthey plc and was Executive Director, Corporate Development from 1999 to 2009. His current appointments include Chairman of Nord Gold NV and Econic Technologies Ltd, Deputy Chairman of SFC Energy AG and Non-Executive Director of The Royal Mint.

Commenting, Hargreaves' Chairman Tim Ross said: "I am delighted that the Board has appointed David Morgan as Deputy Chairman with a view to his succeeding me in 2015. He has an impressive track record and I am sure that he is the right person to take over from me as Chairman."

David Morgan, Deputy Chairman of Hargreaves, commented: "I am delighted to be appointed Deputy Chairman of this market-leading Group, which I joined as a Non-Executive Director almost three years ago. I look forward to continuing to work with Tim, Gordon Banham and the whole Board to deliver the Group's strategy."

Gordon Banham, Hargreaves' Chief Executive Officer, commented: "It has been a pleasure and privilege to have worked with Tim for the past nine years. The Board has benefitted immensely from his commercial acumen and experience. I am also delighted that David has agreed to take over as Chairman in due course to ensure that we have an effective succession plan for this key Board appointment."

[totally banjo] 05/11/2014 13:52

For immediate release 5 November 2014


HARGREAVES SERVICES PLC

("Hargreaves" or the "Company")

Result of AGM

Hargreaves Services plc (AIM: HSP), the UK's leading supplier of solid fuel and bulk materials logistics, announces that, at its AGM held earlier today, all resolutions were duly passed. As a result the Board now has authority to implement the rolling share buy-back programme announced on 27 October 2014.

[bamboo2] 04/11/2014 19:11

volatility in the share price is creating further potential ih&s targets.

[tanelorn] 04/11/2014 11:25

Topped-up 7,000 shares at 629.5 yesterday.

[essential] 29/10/2014 13:05

Yes bought these this morning for my SIPP. paid slightly more than I had hoped as was going to buy late yesterday but paused!! Anyhow 15 p more now hopefully is nothing over the longer term.