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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
  0.00 0.0% 425.00 422.00 432.00 - 1,084 09:00:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 204.8 14.4 50.8 8.4 137

Hargreaves Services Share Discussion Threads

Showing 1951 to 1975 of 2450 messages
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DateSubjectAuthorDiscuss
23/9/2020
21:27
What about RBN? They have a large (24 acre) site to sell, hopefully in about 18 months and are paying an 8.5p dividend this year (it'll probably be back to 5.5p next year). They look pretty good value to me at around 120p.
arthur_lame_stocks
23/9/2020
20:17
The one that has some overlap on the property is Harworth. The same brownfield site legacy.
meijiman
23/9/2020
18:05
Well, I have bought a bit too. I agree there are caveats, but I think the overrider for me is the amount of bownfield land, and if run well, how that would buy three years of good results, by which time the German and other businesses will be doing something useful, or the market will have seen the recovery story long enough to value it close to current NAV, which the Board believe is understated. At which point, hopefully, around 360p minumum, we move on. But if you have other ideas for stocks that could have a legitimate target of +70%, with an almost baked-in and significant div next year, please do say. It's not a challenge: I'm looking for a complementary investment.
raggedtp
22/9/2020
19:06
I've taken advantage of the market glitch of the last couple of days to buy into HSP on behalf of family members who I run ISAs for. Thanks to Castleford Tiger and others who drew this to my attention. There are a couple of potential catalysts to outing value in the short-term - next couple of years. This is one of the bases on which I bought in. Long-term value is less clear. Or perhaps just quite complicated. A sum-of-the parts is enticing at first glance, but I had several doubts: - the potential very high turnover German business will be redundant if coal is replaced as well in steel and chemical production. - ditto for the residual UK coal trading business - the haulage company I liked the look of. But it's currently pretty small and competition is ferocious in that sector. - property business is in "run-off". I don't see indications that they are geared up for making new land purchases on a large scale. How to value such an entity? On a discounted cash flow basis I thought. I guess-estimated 70-100m sterling revenue over 10 years. So there's going to be plenty of cash on the balance sheet. But how profitable will such a business be, in view of the remedial action needed to prepare former mining landscapes? Overall, making my habitual very pessimistic assumptions, I came up with a value not far above current price; that seemed a pretty good reason to buy in.
cjohn
16/9/2020
14:31
Tiger, agree that the land value is stated in report is stated to be "materially" higher than book value, sounds good although not clear to what degree it will be higher. Accounts detail quite a high level of coal inventory, presumably some of that will have to be shifted at a discount ? German Joint Venture looks promising, but there seems to be quite an investment in HS2 . Can't help but think it would be a lot simpler as just a land bank play. Wonder if the managment would consider divesing transport fleet, HS2 , German Joint Venture and just leaving the land property developer.
red ninja
16/9/2020
12:49
https://www.hsgplc.co.uk/media/122268/hsg-ar-2020.pdf SMITHIE6 you need to read the above link from front to back. The key line under land is that the BOARD believe that the value of the land is substantially higher than book value. Tale a look via the internet at some of these developments that are taking place. tiger
castleford tiger
16/9/2020
12:36
builders are buying the land though. The company as per previous rns is awaiting a exchange of large contract in and around Edinburgh which was delayed due to covid. so we should be seeing some news from there anytime soon.
bubloo
15/9/2020
11:26
so this was involved in coal & has land because coal mining has stopped. Question is land linked to coal mining suitable for building houses on ? (is it stable, is it a desirable location to live (if the view is of coal/mining slag/waste piles, who wants to look at that ?), will dust be blown on to housing from nearby undeveloped waste/slag land ?, is the land at risk of collapse due to mine tunnels etc etc)
smithie6
14/9/2020
15:01
this might help HSP-- 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.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.hoping for 260 p plus.
jaws6
14/9/2020
14:55
All the answers are there whilst I was playing on the water. Coal stock and some capital equipment should release the cash The forward dividend of almost 20 p adds to the interest. Harwood just brings another possible outcome. Looks like we have broken the trading range. Tiger
castleford tiger
14/9/2020
11:47
Arthur_Lame_Stocks14 Sep '20 - 10:01 - 1956 of 1959 FWIW CJohn now that Chris Mills owns nearly 30% of the business I wouldn't be surprised to see some corporate action here and a return of capital. Yes, that certainly makes sense!
cjohn
14/9/2020
11:10
Harrogate14 Sep '20 - 10:02 - 1957 of 1958 Hi. If you see the results presentation from May which I am sure will be on The website you will see that distribution and services covers all the operating businesses inc coal and the German operations. In fact it covers everything but Land. Hope that helps. Thank you for drawing the presentation to my notice. As you say, Distribution and Services includes everything, except Land. That was not the impression I had from the Prelims. Thanks for the clarification.
cjohn
14/9/2020
09:41
large volume today and price very firm. looks good on the chart to me. seems more of a move than pi's off the back of CT i/v is this as simple big buyers causing price to go higher? is ST due to comment on in the ic? All IMHO, DYOR + BoL HSP is in my portfolio
thirty fifty twenty
14/9/2020
09:02
Hi. If you see the results presentation from May which I am sure will be on The website you will see that distribution and services covers all the operating businesses inc coal and the German operations. In fact it covers everything but Land. Hope that helps
harrogate
14/9/2020
09:01
FWIW CJohn now that Chris Mills owns nearly 30% of the business I wouldn't be surprised to see some corporate action here and a return of capital.
arthur_lame_stocks
14/9/2020
08:57
Hi, Harrogate, the phrase makes particular reference to the "Distribution and Services businesses". Neither coal mining, nor the German associate falls into those categories. I'm surprised by the phrase, as I can't find any other reference.
cjohn
14/9/2020
06:20
They announced that due to the cessation of coal mining activity they will release significant cash through asset sales and stock rundown - £30m I seem to remember, enough to pay down debt. In addition they have already announced that due to ability to release dividends from their German associate next years dividend will be close to 20p ( an additional 12p from the release) Those 2 items would cover that phrase
harrogate
14/9/2020
06:13
That or perhaps sale and leaseback of premises, or selling stake in business / forming joint ventureAny other views
ayl30
14/9/2020
05:21
I've been taking (another) look at HSP. I wonder if any existing holder could interpret the following strategy statement from the latest prelims: "The Board remains focused on delivering reliable and growing profits in and unlocking capital from its Distribution & Services businesses enabling strong cash returns to shareholders..... " What does the reference to "unlocking capital" and "strong cash returns" refer to? Are they going to sell one of the relevant businesses, or flog off some of their assets? And have a special dividend? Thanks in advance.
cjohn
11/9/2020
16:42
Wow, a whole hour listening to Cas Tiger ;)
beeks of arabia
11/9/2020
13:27
david good point ,agree -- Why are they not offering a zoom meeting option for investors to ask questions at the Agm? from now on any co meeting I think that will be good question to ask.
jaws6
11/9/2020
10:10
The AGM will be held at the Company's registered office at West Terrace, Esh Winning, Durham, DH7 9PT on 28 October 2020 at 11.00am. Owing to current COVID-19 restrictions, it will not be possible for shareholders to attend the AGM in person. The Board, therefore, strongly encourages shareholders to exercise their right to vote by proxy. Further details are given in the Notice of AGM. Why are they not offering a zoom meeting option for investors to ask questions at the Agm?
davidosh
11/9/2020
10:05
Hargreaves Services (HSP) mentioned in this interview with Castleford Tiger. Video: Https://www.piworld.co.uk/2020/09/11/a-piworld-interview-an-hour-with-castleford-tiger/ Podcast: Https://www.piworld.co.uk/podcasts/
tomps2
10/9/2020
22:32
Re- rating coming in my opinion Tiger
castleford tiger
09/9/2020
18:46
thks MG so, at a very simplistic level, since this looks like Nick's first PLC role, my assumption would be that the expectation is this is a relatively straight forward investment and that Harwood have much confidence in the current mgt already. All IMHO, DYOR + BoL HSP is in my top5 hldgs
thirty fifty twenty
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