Hargreaves Services Share Discussion Threads

[cc2014] 01/7/2015 20:13

I think the situation is really simply. The price is drifting down with oil as a proxy for coal but the market misunderstands the business.

When we get to results time they will surprise as there is so much negativity built in.

I'm long - my entry point isn't great. I'm happy to ride this out at least in the short term as I believe commodities are oversold right now

[castleford tiger] 30/6/2015 19:01

They will be short of cash next.........

the last share buy back was ill founded.
300p looks on the cards now.
Oil weaker again.

tiger

[hybrasil] 30/6/2015 15:45

I have bought about 7k shares today - Hope Im not too wrong!! Last lot at 3.43

[hybrasil] 30/6/2015 15:27

surprising no sign of the company in the market buying back the shares - They said in the interims that they would

[meijiman] 30/6/2015 15:13

The MMs will just take this down as there are no buyers -apart from one small one!
Two pounds anyone? Time for GB to get off the sun lounger.

[meijiman] 30/6/2015 10:29

Maybe this balmy weather is not conducive to investing in a coal company. Good luck with your investment.

[hybrasil] 30/6/2015 10:17

its really daft. I am a small private investor and having bought another 1000 shares at 350.25 to add to those I refer to in post 1417 I am responsible so far for 30% of the shares transacted today!

[meijiman] 30/6/2015 09:38

does the management of this company have any sort of plan to get out of the hole. Land sales/building on land/renewables. This lurch down is relentless and seemingly ongoing..........
Wonder if some are wondering if the dividend is safe.

[cwa1] 30/6/2015 08:57

Morning

Decided to have a very small punt here of a purely speculative nature. Good fortune to holders.

[hybrasil] 30/6/2015 08:47

got 2000 shares at 3.525 and then they fall!

[hybrasil] 30/6/2015 08:40

I'm on the bid at 3.53. Very little activity at these levels

[cc2014] 29/6/2015 13:22

hmm - not sure about buying falling knifes but I added at 356 this morning

[bakunin] 24/6/2015 14:48

Beeks
I thought UK coal was supposed to be amongst the best quality in the world.
With regard to the technicalities, your list is not something that HSP does not have sufficient competence by now to deal with on an ongoing basis, so this amounts to scaremongering. You're not going to find much to invest in if you think you need to be an absolute expert in everything that you are investing in. Your line of reasoning would suggest that HSP does not have the required competence to deal in coal, which 95% of investors would have to take for granted until demonstrably shown otherwise. If that is the case, then please tell me why HSP lacks sufficient competence.
Given that HSP have closed down all their coal ops apart from the special stuff that doesn't go to the power stations, if there is anything in this rumour it will probably be coal that the HSP trading arm has sourced from elsewhere. If so, that would eventually work out well for HSP, would it not? I'll let you think that one through. I can't imagine them sifting through mountains of coal inventory looking for the worst stuff to sell at the current low prices. But, then again you are so sure about HSP's future that you will probably claim that this is what has happened.
Reading about RWE's clean coal burning initiatives, they do all their research on lignite, so this "quality" scare isn't likely to be yet another "end-of-coal" scare.

[castleford tiger] 23/6/2015 19:11

I will try to find out more

[beeks of arabia] 23/6/2015 18:31

Aye - the blacker the coal, the better it burns.

Bakunin - if you apply simple financial logic to HSP then you will lose your shirt.

Do you not know about calorific values, supply chain woes, temp, etc? There is a lot more to coal than just a few dinosaur farts trapped in a mine.

[bakunin] 23/6/2015 08:36

When the numbers/forward statements give you confirmation, it will be way too late to buy.
Was the coal not black enough?
Or did they try to use it in their new pellet burners because it is so cheap now?

[cc2014] 22/6/2015 22:54

Well it isn't moving up until either the oil price moves a lot (which doesn't seem likely) or whichever institution is selling has finished.

I suspect if Greece is settled this week, this stock will get a kick up in volume but whether or not that's enough to sustain a rise is another matter.

[castleford tiger] 22/6/2015 22:06

Bakunin
I have told you several times I am not long or short. please don't threaten me by stating that I am trying to move the market.
it was a rumour passed on by someone in the trade. I have no idea if its true or false as I said.

tiger

eric
the data you based your buy on is historical.

at some point there may be a good entry point but who knows where and when.

its not for me until I see the latest numbers and forward statements.

tiger

[ericjhan] 19/6/2015 09:19

OK, CC2014 - I'm reassured they're not picking on me !

Eric

[cc2014] 18/6/2015 19:04

Hi Eric, You're lucky. Most of my trades on this stock through HL don't even get reported.

[bakunin] 18/6/2015 13:20

Castleford Tiger 17 Jun'15 - 17:33 - 1404 of 1405 0 0

Word /Rumour round here is that they have had or were having issues with some coal supplied to power stations?

this is a trade rumour and may be wrong.

further slippage in the price its only a few pence now but its still down.

tiger

-------------------------
With talk like that you are obviously short.
It'll be interesting to see if there turns out to be anything in this.
If not, then spreading false rumours to move markets used to be a serious offence.
Nowadays, all sorts of corruption are commonplace in the UK, which most people know, so you're likely to get away with it.

[ericjhan] 18/6/2015 10:29

I just bought 800 at 378.65p (because the P/E is low, the divi is high, it's at a discount to NAV and the share price is now 15% below where I last sold it) and it shews in the Trades as a 800 sell. It's not a sell it's a BUY.
Eric

[castleford tiger] 17/6/2015 17:33

Word /Rumour round here is that they have had or were having issues with some coal supplied to power stations?

this is a trade rumour and may be wrong.

further slippage in the price its only a few pence now but its still down.

tiger

[castleford tiger] 15/6/2015 16:47

Trust me I am not. If you read back I was a holder and fancied HSP.
I can still buy your story but I am concerned as to the other parts being strong enough to support the loss or reduction of coal trading.
I think as the company spent a few million on share buy backs the MD buying shares would be welcomed.

lets see how this goes.

tiger

[bakunin] 09/6/2015 14:44

CT
I think it is generally frowned upon for directors to be "trading" the shares of their company. GB sold a chunk of his at a much higher share price. It would look bad for him to be buying those back right now. He had built the company up over a period of time and decided to sell some of his holding when the share price was firm. That seems perfectly rational to me. Would you expect him to hold his shares indefinitely just to please shareholders?
Directors of a bread+butter company like HSP are usually professional management whose main form of remuneration is salary/fees + share options. They don't usually buy large quantities of shares via the market. There are plenty of tech/concept companies like QPP where you'll find the wannabe Alan Sugars wheeling and dealing in order to try and manipulate their share price. Check out the QPP fiasco last year (not isolated to QPP).
I'm happy to have taken a long position at the same time as Schroders have been accumulating a large position (almost 1m shares making over 5m now held). Schroders will not have taken that position by reading this BB or whatever. They will have had several discussions with management and visited the company's facilities. They will have bought in expensive research about the energy market.
Maybe there will be a quick capitulation down to 300, but you better not be at work when it happens because the likelihood is that you'll only get a matter of minutes/hours to buy/sell at that level. Otherwise, it will have been in response to really dire news and the share price will go much lower than 300.
There must be a very high short interest on HSP. I hope you really aren't short if the next trading update has a positive twist and the shorts all rush to cover.