Share Name Share Symbol Market Type Share ISIN Share Description
Hargreaves Services LSE:HSP London Ordinary Share GB00B0MTC970 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 335.00p 336.00p 348.00p - - - 276 09:42:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 342.9 4.1 16.1 20.8 107.17

Hargreaves Services Share Discussion Threads

Showing 1576 to 1599 of 1800 messages
Chat Pages: 72  71  70  69  68  67  66  65  64  63  62  61  Older
DateSubjectAuthorDiscuss
11/1/2016
21:01
Good luck with that view. I've dealt with both companies, can't see any real synergies and feel that the cultures of the two companies are so far apart that it will be a miracle if this takeover produces any benefits. But that's just my view, so we'll have to wait and see. Regards.
muckshifter
11/1/2016
19:57
£5.25m to be held in escrow pending outcome of the claims. Basically HSP has ringfenced them. I am finding the RNS difficult to digest without researching Blackwell. On the face of it, it looks like HSP have bought this cheap and then will gain some synergies with their existing business but also diversify their portfolio which can only be good. Provided they have paid the right price this seems a good acquisition at this point in the economic cycle
cc2014
11/1/2016
19:44
Not sure if any of the Blackwell family are still involved bench2, but I would imagine they are still substantial shareholders. The youngest member of the family that I've met who was involved in contracting would be 50ish now, but the company had a strong contractual "culture" running through the company over decades. Regards.
muckshifter
11/1/2016
18:24
Thanks for the warning Muckshifter , given the reference to historic claims it sounds as though the Blackwell family are up to their old tricks .. I remember London & Northern which was a dodgy outfit and the Blackwell's may well take HSP for a ride
bench2
11/1/2016
16:48
This acquisition looks to me like a jump out of the frying pan into the fire. Within the muckshift industry Blackwell's best know characteristic has always been their ability to squeeze every possible penny out of clients using a highly contractual approach. Chris Blackwell, many years ago, got into financial difficulties and sold his company, on the basis, I believe, of substantial outstanding contractual entitlements (claims) to a conglomerate, London & Northern Securities. I don't know how much of that prospective contractual entitlement came through, as claims are almost always a protracted and uncertain asset, but I don't think L& N ever did very well out of CAB. On the other hand, the staff at CAB did very well, I'm sure, out of buying the company back out of L&N when L&N had had enough of them. On that occasion, my belief is that the outstanding contractual entitlements were undervalued, ie. the CAB staff ran rings round L&N, probably receiving claims settlements far in excess of the purchase price, within a year or so of the buyout. The numbers given look distinctly odd and give me the feeling of deja vue. Regards.
muckshifter
11/1/2016
15:40
What do we think the value of this share is ? A very broad question I know !
gfrae
11/1/2016
15:10
interesting small acquisition at a cheap price , away from coal but earth shifting the same skill set . Having cut and run at 480p , a 130p loss , I have stayed away , but this will be an interesting value play when oil and coal prices bottom .
bench2
05/1/2016
13:23
L2 is rather curious today. Someone is desperately trying to keep the price down. Fingers crossed a rise is on the way as there don't seem to be many sellers around
cc2014
18/12/2015
08:16
Huge news coverage yesterday and today about BIG K. Just a few miles from here another of my customers closes. Very sad when you think 6 pounds a ton is the only difference between imports and local coal. Not a fan of subsidy but Drax and local power stations should have kept this pit open till coal is no more. HSP will be the last major player in coal production in the UK from ATH sites in Scotland to other open cast sites. However again imports will make production impossible at a profit. Oil down sub 36 and looking like it will fall sub 30. tiger
castleford tiger
17/12/2015
20:55
I'm afraid it already has.£5.50 to £2.65.Ciao!
wigwammer
17/12/2015
20:39
Your obsession is flattering, however not relevant to the thread and detracts from the intelligent chat that is going on. I'll withdraw for now to allow the company and share price to do the talking.
beeks of arabia
17/12/2015
20:25
Back in the real world, this is a divvy..Beeks of Arabia - 10 Oct 2014 - 15:24 - 1218 of 1569 - 1Looks like we have hit a bottom here - £5.50 seemed to be the spot.Bought back in.
wigwammer
17/12/2015
20:16
LoL! What a divvy.
beeks of arabia
17/12/2015
18:52
Don't underestimate CT he is a fairly canny investor and has a good take on companies he has either held or is an investor. Just watching myself and have no position.
simon templar qc
17/12/2015
18:40
Problem is that wiggy is ignoring the real world. He ignores how people who live and breathe in the area where the company does much of its business are saying. People on here with decades of experience of the coal industry. What he would rather believe, is the Wordpress comments of a few European chancers who have valued HSPs land at over 4 quid a share. They forget however that without the rest of the business, no shareholders will reap a penny of that. I'd say good luck to him and filter. He seems more interested in dismissing me due to a bad call on another share.
beeks of arabia
17/12/2015
18:31
OCTOBER UPDATE In addition, and more significantly, demand for thermal coal in the UK remains exceptionally low as coal-fired power stations have been operating at low capacity levels in recent months with substantial accumulated stockpiles. The Company was previously expecting to receive orders for around one million tonnes of imported thermal coal in the second half of the financial year in addition to orders to sell its projected one million tonnes of coal production. However, as both the committed order book and future order visibility remain very low, we are now revising our thermal coal sales estimates to be around 0.5 million tonnes below our previous expectations for the current financial year. As a result we will reduce our planned imports and take further steps to look for opportunities to reduce production of loss-making thermal coals. December update Coal Production and Trading In light of current thermal coal prices, the Group will be restructuring its mining plans to reduce Scottish production to circa 500,000 tonnes per annum whilst remaining committed to completing all of its current restoration schemes. In conjunction with these revised plans the Group is investing in new and enhanced coal processing facilities which will reduce to a minimum production exposure to loss-making thermal coal. The capital investment required to deliver that capability will be around GBP1m. The Group will incur additional charges of GBP1.1m in this financial year to deliver the revised and reduced mining plan. Coal burn in the UK remains at low levels unprecedented for this time of year. There is currently no evidence that new sales demand from our coal station customers will be seen before the end of the winter and as a result we are reducing our budgeted third party sales volumes for the remainder of the year from 500,000 tonnes to a negligible level. In the domestic heating market the unseasonably warm weather will adversely impact volumes and prices and we have reduced our profit expectations by GBP0.5m for the second half on the assumption that the present weather pattern persists across the balance of the year. Profit forecasts for our Tower joint venture for the second half of the financial year have also been reduced to reflect similarly weak demand for its thermal coal and the likely impact of coal price on the uncontracted tonnage at the end of the financial year. We expect the Group's share of profit on the Tower joint venture to be reduced by GBP1m. The Group will continue to carefully monitor its exposure to the Tower project, where loans currently extended to the joint venture amount to GBP23.5m. Whilst the Group remains confident of being able to recover these balances fully under current mining plans as the mining project continues, the Board also continues to assess the risks that would be presented by an early closure of Aberthaw power station. SO TO ANSWER YOU QUESTION .......they are all burning less Gas is providing much of the slack. Domestic market is being hit by the warmest Nov and Dec EVER. Oil gets cheaper and drags everything with it. Serious question CAN HSP make a profit in this financial year? Tiger
castleford tiger
17/12/2015
11:58
Sales?!Perhaps the world stopped burning coal overnight and no one told me. Let's wait and see.
wigwammer
17/12/2015
09:08
some OF THEIR SALES? Last year coal was 490 million. This year probably be below 100 million. Without the coal trading part I am not sure there is a business. The market clearly does not like it and until the next full year numbers are in the shares will continue to slide. Its just too many unknowns and the fixed costs of the business may still be too high. I look at the share price 12.00 to 2.50 and wasted 6 million on share backs at over 600p..........there are some bad calls being made here. Situation probably going to get worse before its get better. Still think shareholders may get shafted and the BOD get the bits they want. Land bank etc. Tiger
castleford tiger
16/12/2015
19:18
CT - with the best will in the world, it is misleading to say the least to draw a comparison between uk coal and hargreaves without mentioning the vast debt and pension liabilities of the former. It is daft. Re asset write downs, bear in mind three quarters of the booked assets at hsp are current assets, ie realisable in less than a year. Of the rest, some write down may be possible, then again, the land bank may be written up over the medium term. Re coal trade/production/transport trade disappearing - well, they will likely lose some of their half billion plus sales... but disappear? Don't believe everything the government tells you, especially when they set themselves a 10 year deadline. Hope that helps. ww
wigwammer
16/12/2015
14:26
Not as daft as you think. UK coal had a business that ruined by the Government. UK coal could not make the business pay Uk coal kept paying 10% dividends far too long. UK coal had land as an asset. What we have here is a business built around coal trading and production. That's gone/going. Around that we have a transport division built to move coal and now some bio mass. What some of those assets may fetch could be well below value. The JV with Tower has a possible large carrying debt. it all looks a little worrying to me. tiger
castleford tiger
16/12/2015
13:49
You'd be very surprised.
archibald meatpants
16/12/2015
12:03
Its the Hargreaves Christmas party tonight. Crisps-two flavours. Salt and cheese and onion. Peanuts-non salted. In shells as cheaper. Orange squash from Lidl -to be diluted with tap water.
meijiman
16/12/2015
10:05
Additionally, the comparison with uk coal appears daft.UK coal was sunk by high debts and a vast pension liability. Neither appear to be an issue here.
wigwammer
16/12/2015
08:29
"Do you see value here Wigwammer?"Current market cap £85m.Net liquid assets £88m.Significant land assets.Significant operating assets.A business with half a billion+ sales.Little debt.So yes, I think there may well be value here.
wigwammer
Chat Pages: 72  71  70  69  68  67  66  65  64  63  62  61  Older
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