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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
  -26.00 -5.91% 414.00 414.00 425.00 432.00 397.00 432.00 120,491 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 204.8 14.4 50.8 8.1 134

Hargreaves Services Share Discussion Threads

Showing 1851 to 1873 of 2450 messages
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DateSubjectAuthorDiscuss
29/1/2020
08:57
Finally a decent set of results with no new problems. The market seems confortable enough with them this morning. Looking forward to the trip back to 800p ;-)
cc2014
28/1/2020
12:51
Can't get over some of the disastrous decisions that have been made here. Chucking shareholder funds down the pan. Were they once near 800p?
meijiman
28/1/2020
12:26
Kind of agree. Well don't disagree. With money de-risking HSP would be a good place to put it, but for the last x years I've been used to HSP falling on bad days on FTSE so difficult to change my mindset. Another 100k gone through at 300p and bid up to 302p with MM running away on L2. Someone is definitely searching out volume for whatever reason. Which is rather nice as HSP has been a rather difficult trade for me. Still holding two thirds of my shares from the very bottom at 160p but regrettably the rest I paid just over 400p for. One day Rodders.
cc2014
27/1/2020
14:23
Not sure ....HSP seen as defensive and not linked to China or anything.
meijiman
27/1/2020
13:50
Hmm. If HSP share price is going up on a day when FTSE is down 170pts I'm minded to believe someone has a good idea what's in the results.
cc2014
23/1/2020
10:35
Some decent sized trades going through at 300p. No doubt matched by a MM for a commission. So, has the buyer now bought everything they wanted before the update next week or is the seller at 300p now exhausted? Or have both of them called it a draw for now and will return for more trades later? edit: 13:40. Another 150k trade gone through at 300p. If we are lucky we may get an RNS later.
cc2014
16/1/2020
09:17
bid 290p yesterday, 294p today. Feels like an algo is looking for volume and pushing up the price when unuccessful. Fingers crossed. It would be good to see the share price beginning with a 3
cc2014
10/1/2020
14:24
They have already said results will be in line with expectations. For me this is all about waiting for the 20p dividend to kick in as per earlier announcements. That surely will push this towards £4 at least regardless of any upside from consensus EPS.
harrogate
10/1/2020
11:51
Maybe I'm being optimistic but a few buyers coming in as we head towards the results at the end of the month suggesting to me that someone knows something.
cc2014
10/12/2019
12:09
yes looks a good fit tiger
castleford tiger
10/12/2019
11:50
Acquisition by HRMS today, which gobbles up a company with a turnover of 135m euro for 1 euro which loses a couple of million a year. Which is sizeable even with Hargreaves 49%/84% share depending on how you look at it. HRMS, is the Group’s only material associate investment. HRMS is a key supplier of specialist raw materials to major European customers in the steel, foundry, smelting, ferroalloy, sugar, limestone, insulation, refractory and ceramic industries. HRMS has worldwide expertise in raw material sourcing, port operations and logistics management. This combined with the Group’s expertise in production operations, material handling, storage operations and logistics, marketing and technical support, creates an ideal platform for HRMS to compete in the supply of bulk carbon products in Europe. The Group is entitled to 86% of the profits of HRMS, however the Group does not exert control over the business. The Group holds 49% of the voting rights, with the remainder being held by the HRMS management team and has one of the four Directors. The Group does not have the power to change these arrangements. A shareholder agreement is in place to provide the Group with safeguards designed to protect its investment; however, the key strategic decisions affecting the operation and its results are not taken by the Group. In the event of a dispute between the Group and the operation which could not be resolved, the operation would be subject to an orderly wind down. Whilst the voting rights demonstrate significant influence, the Group does not control the operation and therefore the Board treats the investment as an associate.
cc2014
06/12/2019
19:43
Pleased I loaded up when I did Tiger
castleford tiger
02/12/2019
15:32
Share price moved up a bit now and 300 holding for a good number of hours now.
cc2014
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
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