Hargreaves Services Share Discussion Threads

[cc2014] 21/9/2015 13:06

If it holds here it creates a nice uptrend channel for the bots to trade

[bamboo2] 17/9/2015 13:48

I'm doing my best to ignore fundamentals and to just trade the chart pattern. Hope not to be here too long!

[meijiman] 17/9/2015 13:46

Very difficult to figure this one out. Cash position is better than many feared -may allay concerns over dividend cut?

[cc2014] 17/9/2015 13:33

This is one crazy share. Glad to have sold a third of mine for a small profit. Need another 10p or so for breakeven on the rest

[bamboo2] 16/9/2015 17:53

Rounding Bottom confirmed

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[cc2014] 11/9/2015 13:14

So no bid talk then - just ramping?

[dlku] 11/9/2015 08:05

oil price weak tho which is not good

[dlku] 11/9/2015 07:57

oil price weak tho which is not good for a bidder

[cc2014] 10/9/2015 21:23

Why the bid talk? Where's it coming from? or are we just hypothesing on here?

[dlku] 10/9/2015 21:10

looketh cheap ------ the firm’s business is valued at just 4 times trailing earnings

[dlku] 10/9/2015 21:02

bid bid bid £6 i hope

[cc2014] 10/9/2015 15:29

Well someone like this. Rising strongly again on a very red day

[meijiman] 10/9/2015 09:07

I think you need a global perspective here.
No commodity price goes down for ever. The pain becomes so acute for the producers that they start closing capacity and eventually supply/demand comes more into balance. Where there is a better balance between supply and demand eg anthracite prices have held up fairly well. Three months ago the iron ore prognosis was dire -I read this morning that prices have 'surged' to a 10 week high.
You may to be too gloomy on China -this morning there is news of stimulus measures. This should help underpin met coal prices.
There has been a lot of consolidation news in the USA as the weaker companies have exited/sold out. The new owners will not run the mines at a loss.
From a UK perspective it does look exceedingly gloomy and I would be very critical of the various measures which have led to the closure of coal fired capacity in the UK.
My main concern is the tide of legislation which will gradually phase out thermal coal as a power source.

[beeks of arabia] 09/9/2015 17:38

"if coal prices pick up"?

And what do you think will trigger this?

Drax currently running its 3 units at a loss, Ferrybridge and Eggborough both shutting so buying no more coal. Cottam running at a loss. Gas and oil at multi-year lows. American coal dirt cheap and flooding the market. China commodities slowing.

Where do you see this tick up coming from?

[meijiman] 09/9/2015 15:42

Hmm-you mean RWE? Doubt it myself -but one can always hope. It's probably not badly managed but in the wrong industry. They should do more to leverage what they have especially the landbank. Still if coal prices pick up the numbers should improve.

[dlku] 09/9/2015 15:11

Drax or Centrica or Deutsche power or a hedge fund would buy it

[meijiman] 09/9/2015 15:10

Probably more that coal fired power is not dead. Who would want to buy this -I can't think of any names. Can anyone? Some think the commodity cycle has bottomed so even coal prices may be due a rise.

[dlku] 09/9/2015 15:08

would be very nice to have an offer at 500p

[dlku] 09/9/2015 15:02

bid talks i suspect

[cc2014] 18/8/2015 10:29

Has this been tipped. There appears to be a string of small 'o' trade buys today

[cc2014] 14/8/2015 07:44

Share buy back yesterday. Wonder if more to come

[beeks of arabia] 12/8/2015 14:32

CWA1 - the law of sod states it must be so!

[cwa1] 11/8/2015 20:16

For the very little that it is worth I decided to exit today as a precautionary measure. Managed, surprisingly, a fair turn on the investment and slightly concerned on the forward prospects. Virtually a certainty that this is now going to go from strength to strength ;-)