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Share Name Share Symbol Market Type Share ISIN Share Description
Hargreaves Services Plc 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
  -25.00 -5.8% 406.00 409.00 421.00 424.00 403.00 424.00 164,782 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 204.8 14.4 50.8 8.0 131

Hargreaves Services Share Discussion Threads

Showing 1826 to 1848 of 2450 messages
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DateSubjectAuthorDiscuss
02/12/2019
09:59
Yes. Shame no one seems to care!
harrogate
02/12/2019
09:57
That's a bit of an unexpected surprise since I wasn't aware HSP had bought the minerals lease and properties at Hemerdon. Looks like they spent about £400k to generate £2.8m
cc2014
02/12/2019
07:22
That looks like excellent news. Decent outcome from the Wolf mess and good earnings potential going forward. Would think interim trading update tomorrow as well. My badly timed purchase is looking better and with that large dividend increase on the horizon we could make some progress here.
harrogate
19/11/2019
13:42
This is getting a nice wiggle on. Hardly any sellers coming out at all and the only large ones have got ripped off pretty fast mostly in one trade suggesting there is further pent up demand. Today 30.3k at 276p 12/11 67.5k at 254p
cc2014
14/11/2019
08:13
beeks yes I am in pal tiger
castleford tiger
12/11/2019
09:58
This from the year end results so any reversal of the provisions would be good news. The market seems to think so as we've seen a few trades including a 20k at 250p reported late last night. I would assume the following: British Steel has been bought from the receiver, not as a going-concern and therefore with regard to the £4.5m trade debt and WIP they will only get a back a few pence in the pound on the trade debt and maybe a much higher amount on the WIP if they have been clever. With regard to the £3.5m redundancy and equipment writedowns, I guess given the length of time this has been going on a few many have already been made redundant as I don't suppose the receiver has been placing orders for anything other than what is essential. Perhaps 75% of this provision is no longer required. A guess. They also get to continue working for the Client which was generating about £1m in profit if my memory serves me correctly. "In late May 2019, British Steel Limited announced that it was being placed into liquidation. Currently the business is being operated under the aegis of the Official Receiver and the Group is continuing to provide services under similar commercial terms as prior to the insolvency. Until the future of British Steel is clarified, the final financial impact on the Group cannot be fully determined, however, the Board has made a provision of £4.5m against trade debt and work-in-progress balances which are unlikely to be recovered. Additionally, a further expense of £3.5m has been recognised in respect of redundancy and other associated employment costs and equipment write downs, resulting in a total exceptional charge of £8.0m."
cc2014
11/11/2019
21:43
British steel will this help us going forward?
castleford tiger
28/9/2019
13:23
Not really taken much notice of those divisions CT. AIUI they have been in serious decline for years, and are not immune to further competition in the future, or a serious downturn in the economy. So the way I see it HSP are trying to build "replacement" businesses, with Specialist Earthworks being unfortunately one of them, and the latest being a concentration on land development. But as said before I've not looked that carefully at HSP. Good luck with your investments.
muckshifter
28/9/2019
10:10
thank you not a single mention of the fuel division or haulage. That tells me they have no future? Tiger
castleford tiger
28/9/2019
09:44
CT, Response to your question over on LPA thread as promised. My overall view of HSP is that they will have to run hard to stand still for the next few years. I'm not considering buying any despite the future dividend indications, which in themselves look to me like an attempted justification for the share price. Their emphasis on developing property sites, I would assume is mostly based on old opencast sites. If you take Blindwells as an example, property profits from old OCC sites are likely to be OK but not great, slow to actually be realised and involve a significant cash drain to prepare the site for sale, well in advance of sale cash receipt. I'm still of the opinion that much of the £9.2m (iirc) "WIP" on legacy CA Blackwell contracts will eventually be written off (unless of course CAB staff follow the company's tradition and buy themselves out for a nominal sum and then miraculously get good settlements!). Also, I would now think HS2 is almost certain to be cancelled, which, imo, doesn't really leave a viable specialist earthworks division as the A14 work looked well on to me this Summer, and heading for the normally much less lucrative finishing works. And I'm not aware of when their private OCC Sites are programmed to complete, but the reinstatement costs will be another cash drain in due course I expect. But I must admit I haven't been interested enough in HSP to look at them very carefully - I just read the AR & Interims as they appear, so I'm open to correction!
muckshifter
24/9/2019
11:19
Looking far too cheap
castleford tiger
28/8/2019
15:46
Well I cannot remember when they decided it was probably no longer eligible but it could have been post Nov 18. Of about 20 IHT shares I look at it is the only one they say is ineligible. Regardless of who is correct,it will or has affect(ed) the share price,which was my original point.
gfrae
28/8/2019
09:12
I understand your position. No-one wants to be caught with a tax bill they aren't expecting and being cautiuos has served me well over the years HMRC do not publish a list of qualifying shares for IHT relief, instead preferred to define some "loose" rules. These "loose" rules extend not only to what shares are included but also I have been astonished to find to the definition of how you interpret the two year rule. I suggest HMRC like it this way as it enables them to change the goal-posts as and when they want. I've done considerable research on this and further pay a firm of accountants to deal with my IHT bill (which comes round every 10 years for assets held in Trust) For about 95% of the shares on AIM it's easy to establish whether they are IHT qualifying or not but for the remaining 5% no-one really knows. The fact that Investors Champion have determined HSP is not IHT qualifying would concern me greately as to the quality of the information they are providing. I suggest Investors Chamption it is possible haven't done anything but deal with this topic on a very broad brush approach and simply put anything they are unsure about in the reject pile. And given from my posts above HSP is IHT qualifying under the current rules and will continue to be so I wonder how many other companies they've decided aren't IHT qualifying. I can confirm that in Mar 2019 HMRC agreed to reduce my IHT bill for HSP in relation to HSP shares held as at November 2017. HMRC take forever to get round to doing anything these days.
cc2014
28/8/2019
08:36
Investors Champion disagrees with you. Though you may well know be more of an expert on IHT than they are. Not a risk that I am prepared to take though.
gfrae
28/8/2019
08:00
From page 6 of HSP 2019 annual report. "Hargreaves Land’s strategic goal is that of a property developer rather than a long-term owner of investment properties and it will seek to exploit appropriate opportunities whilst restricting the amount of capital to be invested as much as possible" So, no impact on current IHT relief qualifying status
cc2014
20/8/2019
11:34
I took a quick look and assume you've paid £2 to access the research on whether it is qualifying for IHT relief as I can't see any other information. I'm not sure what it says and I'm not paying £2.
cc2014
20/8/2019
11:14
See research by Investors Champion to whom I have no connection, other than use of their research.
gfrae
20/8/2019
09:49
A quick search of the web shows that the test for IHT and Property is that in excess of 50% of HSP's revenue would have to be from property to lose it's IHT status (even then the case law is unclear and it may be lower in certain circumstances but let's set that aside) The accounts for 2018 show revenue of: Distribution and services £281m Hargreaves Land £12m
cc2014
19/8/2019
08:39
They may be deemed a property company.
gfrae
19/8/2019
06:44
Why would they not currently be IHT relief qualifying? I have some in a Trust and HMRC allowed them as qualifying 2 years ago when I had the last round of tax to pay
cc2014
18/8/2019
08:13
They may no longer be IHT relief qualifying which may mean that any funds invested for that purpose will be sellers.
gfrae
17/8/2019
06:51
I agree and have been adding from the low and again this week tiger
castleford tiger
01/8/2019
09:20
Current dividend 7.2p, then an extra 12p from 2021 gives 19.2p plus whatever improvement we get on the 7.2p before then. Let's call it 20p which gives dividend yield of 8%. Current net debt is £18m and with £13m of legacy assets to sell along with cashflow from profits HSP should be debt free in a year to 18 months. Along with the NAV of 397p this imho puts a floor under the share price imho in this area. As the market gains confidence there are no further significant losses to come and the uplift in dividend gets closer I expect the share price to rise. Given underlying EPS is 15.3p per share and from 2021 they are proposing say 20p from above, the directors must have some confidence there are no further significant losses to come.
cc2014
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