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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
  9.00 2.17% 423.00 423.00 433.00 423.00 423.00 423.00 20,412 10:00:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 204.8 14.4 50.8 8.3 137

Hargreaves Services Share Discussion Threads

Showing 1876 to 1898 of 2450 messages
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DateSubjectAuthorDiscuss
29/7/2020
17:41
Think Simon Thompson mentioned in IC that limited free float which could boast shred's price when pi's get interested
bubloo
29/7/2020
17:40
cc2014 , I think trying to buy some cheap shares beating this down potential 21 pence or more dividend next year, additional another 4.5 pence coming our way in September nav over 400 p plenty more planning permission achieved land available to sale. distribution business related partly to nhs ( in present covid situation could give a uplift to distribution arm)I am aware of the volume of distribution occurring in ohs personally I think safe investment
bubloo
29/7/2020
17:40
cc2014 , I think trying to buy some cheap shares beating this down potential 21 pence or more dividend next year, additional another 4.5 pence coming our way in September nav over 400 p plenty more planning permission achieved land available to sale. distribution business related partly to nhs ( in present covid situation could give a uplift to distribution arm)I am aware of the volume of distribution occurring in ohs personally I think safe investment
bubloo
29/7/2020
09:15
yep market likes eclectic
netcurtains
29/7/2020
08:16
If you like eclectic you'll love HSP
netcurtains
29/7/2020
08:04
Decent enough..key is the 4.5p divi and some talk of a bigger payout next year.
meijiman
29/7/2020
07:56
Turned £9.7M loss into £1.3M profit. Only gone up 5% this morning could be lots more to go - trading at below NAV - seems a good deal to me - what are your views? Https://uk.advfn.com/stock-market/london/hargreaves-services-HSP/share-news/Hargreaves-Services-PLC-Preliminary-Results/82945152
netcurtains
29/7/2020
07:51
These results look OK to me. Turned £9.7m loss into £1.3m profit. Cant say fairer than that. :-) Currently trading at below NAV, nearly a NETNET come on this looks like a bargain don't you think?
netcurtains
29/7/2020
07:17
Thanks meijiman - looks OK this morning.
netcurtains
28/7/2020
10:22
I'm not negative at these levels..just bemused at some of the deals here. did they once buy a deep mine in Yorkshire? Anyway moving swiftly on- is it now seen as a property play or a mini conglomerate?
meijiman
28/7/2020
10:04
meijiman: Well that is the definition of a NETNET stock (or near NETNET) - a company that has got into a mess. I thought everyone knew that. The reason people buy NETNET (or near NETNET) is for (a) recovery or (b) it goes bust and the assets are worth more than the share price or (c) it gets taken over.... There really isn't much downside as long as share price holds up. I have no idea if I have bought near the bottom or not. It might go all the way into being a NETNET or it might recover from here. I decided to buy now and if goes into real NETNET buy again. Its traded around this level since april so might be bottom - I just do not know.
netcurtains
28/7/2020
09:37
Yes all very well..but maybe they wouldn't need to be so active in restructuring if they hadn't made some huge blunders. Management seemed to think the ending of coal as a power source didn't apply to them!
meijiman
28/7/2020
09:08
thanks for that CC2014... I have noted that there is also lots of mention of some German Associate (300m euros) whats that all about? Then there is the future property division in Edinburgh (house price in Edinburgh are rising and I suspect when this development is completed next year we're talking about some money.... Then there is the big mixed property sale just gone through - was that a profitable sale? I have no idea.... I bought in on the statistical chance of rise. The company last said their NAV per share was about 400p So pretty sure its worth more than 202-206p but who knows. Interesting play - in state of flux... I like ACTIVE directors and this board is currently very active restructuring the business.
netcurtains
28/7/2020
08:49
Hey. We meet again. I am a previous owner of HSP although not now having sold around 290p as the market started to meltdown in February. You seem to be a fan of companies trading at below NAV. I can't argue with that as they attract me too but many of them trade below NAV forever not because of market mispricing but because of the assets involved or the type of underlying business. HSP has a long history of bad investments and having to write off assets. Also the management reward scheme looks excessively generous to me and in the interests of the management not the shareholders. In May 2017 the NAV was 432p and between then and now they sure haven't paid out 70p in dividends, which is why relying on discounts to NAV can be damaging to your wealth I think it would be worthwhile looking at exactly what they do in detail if you have not had the time to do so already. Despite them now closing their last coal mine a chunk of their money is made from coal trading and associated products for the steel industry. I see that at real risk over the next 10 years as furnaces are forced to convert away from coal. I won't go on but their earthworks division has proved to be a complete basket-case and given the state of construction I think will struggle. Having said all that it's not all bad and clearly 200p reflects some bad future performance in the share price.
cc2014
28/7/2020
08:15
From 2019 accounts Current Assets: 160 Total Liabilities 120 Difference 40M Market Cap 63M 2/3rds of a NETNET NAV per share: 362.45p but share price to buy about 202-206p This looks, at face value, a share that will potentially eventually trade at NAV or higher (normally companies trade above NAV if doing OK). My personal Target is 300p and will look again when reaches that figure (or near it) recap: here are the interim results: Https://ir.q4europe.com/Solutions/Hargreaves/3004/newsArticle.aspx?storyid=14585571 Trading statements after that all state that Covid is having no affect on the business apart from a housing development in Edinburgh (which I think has restarted now).
netcurtains
13/7/2020
11:59
Hard to understand why this hasn't bounced a little after March dive like most other things. With 20p dividend coming and asset backing it looks cheap but there must be a seller or two about constantly. I picked some up today again at just above £2. Need to get my average price down !!! Patience needed here.
harrogate
01/7/2020
09:02
We are moving Tiger
castleford tiger
19/6/2020
14:13
Opened a position today as looks as if HSP might be breaking out of its base. Simon Thompson's value assessment adds a further bit of fundamental clout.
saucepan
15/6/2020
20:52
Tipped in today's IC by Simon Thompson: Hargreaves Services’ value opportunity Hargreaves Services (HSP:217p) has transformed itself in the past four years, exiting legacy assets, refocusing the business on growth areas in the industrial sector, and is now set to realise the hidden value in its vast land bank through land regeneration. Indeed, after I suggested buying the shares, at 206p, in my March 2020 Alpha Report (‘A high yielder offering significant hidden value’, 19 March 2020), the group’s joint venture, Unity, which is developing a 618-acre site surrounding the former Hatfield Colliery near Doncaster, exchanged contracts for the £25m sale of 32 hectares of land to a national retailer for construction of a 800,000 square feel (sq ft) distribution and training centre. This highlights the importance of the site from a logistical perspective, not to mention the potential to realise substantial value from the remaining 1.2m sq ft of industrial, commercial and logistics space with planning consent and 3,100 residential plots, too. There are decent prospects of reaping hefty cash returns from the group’s flagship 390-acre site at Blindwells, East Lothian, a former open cast mine located 12 miles from Edinburgh. Hargreaves has planning for 1,600 new houses and has conditionally sold 10.75 acres to Bellway, and another 3.25-acre land parcel to Cruden Homes. The two land deals will realise more than £10m for 222 plots. The sales had been expected to complete before Hargreaves' 31 May 2020 year-end, but will now complete in the new financial year only because contractors had to down tools on infrastructure work due to the Covid-19 lockdown. Importantly, management has confirmed that the property delays aside, underlying pre-tax results will be in line with the market expectations that had been in place prior to the UK lockdown. Analysts will reintroduce their forecasts at the time of the annual results on 29 July. This highlights the benefits of having a diversified revenue stream. For example, Hargreaves’ industrial services division has substantial long-term contracts in place, including one in Hong Kong to support the power generating operations of China Light & Power and Hong Kong Electric (mechanical, electrical, and access solutions at two coal power stations). There has been good news on borrowings, too, as the directors confirmed that year-end net debt of £27.2m – equating to 21 per cent of net asset value and £8m lower than Investec had forecast – has fallen by a third from £40.3m last November. They are confident of securing appropriate facilities when the group’s £50m banking facility expires on 31 August. As the lockdown lifts across Europe, expect investors to be on the look out for undervalued companies well placed to benefit from the economic recovery that will start next quarter. Hargreaves is one such company. Moreover, as economies return to some form of normality, albeit at lower levels of output than before, the board will be able to review the dividend policy and reintroduce guidance. It doesn’t have to be anything like the 20p per share of EPS analysts had previously been expecting in the 2020/21 financial year (prior to guidance being withdrawn) for the shares to rate a decent buy. For good measure, Hargreaves’ share price has formed a solid base formation (between 195p and 220p) and looks poised to break out. On a near 50 per cent discount to book value, there is considerable upside to my 320p target price. Buy.
boystown
02/6/2020
15:00
There is a very detailed note on the various provisions on this sort of stuff in the notes to the accounts. It is true they have lots of stuff that is difficult to get your head round ! The key fir me is that the dividend will increase to 20p declared in FY 21 although not paid until November 21. That will move the price I would think so I sitting right even though under water here. And of course Mills on the share register is always an added bonus
harrogate
02/6/2020
13:55
Interesting update today, but the implications are extremely complicated I feel. Although HSL are going to make the provisions (ie. take the relevant losses) mentioned in the update, and possibly others as a consequence of ceasing coal operations, in this year's accounts, the cash implications are much more difficult to define - if I was a shareholder I would want to ask some questions at the AGM to get a feel for the cash outcome. I would think that there has to be a cash outflow on reinstatement of opencast of the order of 6 - 7 million at least, which might be offset by plant sales to an unknown extent, over the next couple of years. Closure of the whole coal mining operation is likely to exacerbate this cost, unless Hargreaves find another mining operation to transfer men and machines to, ie. the normal incentive of a follow up job is missing. The other thing that may have an effect is the terms of any equipment leases, ie. early lease termination provisions. But this is all par for the course with Hargreaves and makes them a very difficult company to value with any confidence, imo.
muckshifter
15/5/2020
05:50
had a few top ups just over the 200 mark tiger
castleford tiger
19/3/2020
17:20
The Company is this month's Simon Thompson Alpha Report tip in the Investors Chronicle. Judging by the report, it looks like it was written before the market meltdown in February.
hiraniha
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