Hargreaves Services Share Discussion Threads

[muckshifter] 31/7/2019 10:59

Very quiet here today after results and a rise in share price! Are all shareholders on holiday?

Having read these results, I think the comment by meijiman in 1819 above looks very apt, as there does seem to be a big emphasis on property.

A few things I noticed and found interesting in the results:-
If the £0.6 million recovery of moneys paid for Blackwell represents full and final settlement, it is a miserable amount considering the problems Blackwell brought to HSP.

Specialist Earthworks still looks to be in wind down - where to is anybodies guess.

Blackwell would be vulnerable to HS2 cancellation, but such cancellation might generate decent compensation.

The "legacy" CAB contracts which caused the huge losses seem about finished, so the losses (just £0.7m this year) should be almost gone, but there are £9.2m of presumably almost all contractual claims outstanding - as mentioned many times that was CAB's speciality. That is a very high figure so long after the relevant contracts had presumably submitted the claims cases. I would expect something of the order of £3m cash to be generated in settlements over perhaps the next two years, which helps the cash situation but means a corresponding write off of much the £9.2m value within the accounts.

The info about Blindwells was quite informative, imo. The expenditure on "infrastructure" for the conditionally sold plots looks high, but that does not surprise me (post 1820 refers). It does mean, imo, that the profit ratio on sales of reinstated opencast are likely to be worthwhile but perhaps not anywhere near as spectacular as some shareholders believed.

[meijiman] 04/6/2019 11:33

Doh ..you are are thinking Hargreaves Lansdowne which has become tarred with the Woodford brush.

[castleford tiger] 04/6/2019 10:04

porsche ??????

[porsche1945] 04/6/2019 09:50

Hargreaves now " found out " with regard to Woodford, Dampier sold about 6 million quids worth of shares recently and Lindsell Train and HL way too involved with each other, regulator will be all over them for misselling soon, back to 12 quid a share.

[muckshifter] 24/5/2019 17:32

Having been to Blindwells a few times when it was operational, the wording of this RNS arouses my curiosity.

The site seemed to me to have excavations in various areas to differing levels, using a variety of types of plant, which would probably provide very different subsequent settlement characteristics and timing for each area. As a result, the wording of the RNS " dependent upon receiving detailed planning permission and associated statutory approvals" makes me wonder if HSP have to prove to the satisfaction of water authorities etc that settlement is substantially complete before planning is approved - anyone know if that is what they mean?

[meijiman] 24/5/2019 08:14

Good news and Hargreaves are unlikely bedfellows. Following Harworth into property/land disposal. Yes definitely good news.

[cc2014] 24/5/2019 07:14

Finally some good news out on Hargreaves...

[porsche911sse] 23/5/2019 08:25

Mentioned in today's press

[meijiman] 22/5/2019 15:11

yes..don't think Hargreaves realised the government was serious about phasing out coal
and the speed that would happen.

[muckshifter] 22/5/2019 14:52

Would that be Maltby by any chance meijiman?

[spooky] 22/5/2019 08:58

Was ANYONE surprised by this announcement. Really?.

[meijiman] 22/5/2019 08:38

If the Hargreaves ceo went for a country walk a tree branch would no doubt fall off and hit him on the head.

[cc2014] 03/5/2019 07:54

Although I was surprised to find out they are still using the CA Blackwells branding.

[cc2014] 15/2/2019 15:10

Well I couldn't have been more wrong. Harwood doubling their holding and FIL selling out.

[cc2014] 15/2/2019 10:09

What will be more interesting is who the buyer is.

[gfrae] 15/2/2019 09:58

Fair enough,thanks.

[cc2014] 14/2/2019 17:09

Harwood own exactly 2.02m shares

[gfrae] 14/2/2019 16:52

CC, how do you know it is Harwood Capital ?

[cc2014] 14/2/2019 16:37

Harwood Capital sell out their entire 6% holding today.

Which means we should see who has bought it in the next couple of days

[meijiman] 07/2/2019 15:25

Maybe he thinks this is the next Harworth?!

[cc2014] 07/2/2019 15:09

Nice director purchase