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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% 435.00 424.00 434.00 427.00 427.00 427.00 4,247 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 204.8 14.4 50.8 8.6 141

Hargreaves Services Share Discussion Threads

Showing 1976 to 1999 of 2450 messages
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DateSubjectAuthorDiscuss
09/11/2020
11:34
My impression is that their is a large seller who wants to get £2 or more for their holding as the share price seems to verge towards £2 several times in previous days, but not crash through. Maybe Schroders and/or Artemis are still selling. HSP seems a polarising share doubtless because of its chequered history. If you look back at the last 10 years, this share was £10 at one time. It seems Harwood + Downing for, Artemis + Schroders against Investors Chronicle (Simon Thomson) for, Investors Champion not so keen I bought a few more at £2.024 today. At this price IMO there is enough headroom in case of any unexpected impairments, although given last trading update I am not expecting bad news.
red ninja
09/11/2020
07:40
Thanks davidosh that is good news!
netcurtains
09/11/2020
02:16
Just to mention that Judith Mackenzie of Downing who are one of the key shareholders in Hargreaves will be interviewed by me on MelloMonday tonight. She will also be one of the panelists on the BASH session. The Mello Monday event starts at 6pm The full programme is available on the website. In the MelloBASH... The analysts, fund manager and well known investors on the panel will give their honest verdicts on whether four/five companies are a Buy Avoid Sell or Hold at this current juncture in the markets. Https://melloevents.com All investors welcome and if you use the code MMV5 you will get a half price ticket. Great investor content and entertainment. We had nearly 400 investors attend last month so these are very popular.
davidosh
05/11/2020
07:39
Hargreaves in some ways is a sort of landbank and logistics company. The growth of internet sales means that "DARK STORES" are the future of shopping. A Dark Store basically mirrors a normal supermarket but instead of customers shopping a Dark Store has logistics companies picking up the goods and delivering them to the customers. With Hargreaves large landbank and knowledge of logistics I would say HSP is in a good position to get involved in the whole dynamic growth of dark stores and e-fulfilment. Example: Https://www.wincanton.co.uk/news/comment/w2-labs-optimising-dark-stores-to-support-changing-consumer-behaviour/ Here is the HSP commercial web page: Https://www.hargreavesland.com/what-we-do/commercial/ Here is the HSP retail web page: Https://www.hargreavesland.com/what-we-do/retail/
netcurtains
04/11/2020
09:52
httPs://www.hargreavesland.com/project/blindwells/ 1,600 houses times average price of house (Say) £200,000 = £320,000,000 Obviously they dont get anywhere near that money but it does show you the land is worth a few million (seems fair to me)
netcurtains
04/11/2020
09:42
If this virus story gets confirmed next week I suspect a lot of the land sales (Scotland) will start to go thought pretty quick. The virus story is from a well respected publication and similar stories have been in circulation for a while - all with "early December" - which ties in with end of the lockdown. From AGM: " Blindwells site near Edinburgh, due to the three month cessation of site based activities in Scotland. The Board expects to be able to announce the completion of the sale of the first parcel of land there in the near future." How much potential cash is the Blindwells site worth?
netcurtains
03/11/2020
15:17
Not sure if vaccine will affect price one way or the other but interesting tweet: I recommend you read it: re: vaccine: Https://twitter.com/jkaffash/status/1323627212747276288
netcurtains
02/11/2020
12:04
Agree, one to tuck away methinks
ayl30
02/11/2020
11:51
Bought a few at 201.6 today almost a 50% discount to NAV. The land valuations are also supposed to be on the low side so there should be a descent profit sometime from here.
red ninja
02/11/2020
11:46
HSP has had a chequered history in past years ie impairment for loss for services with British Steel, coal cessation impairment. Currently some of the land sales have been delayed. Investor's Champion has a negative view on Hargreaves Services. Todays Downing Strategic Micro I.T. iterim report view on Hargreaves Services is :- "Hargreaves Services PLC (Hargreaves) (5.94% of net assets) Cost: £3.65m. Value as at 29 February 2020, £2.18m Hargreaves Services is a land a property company, and a specialist haulage business Update to the investment case Coal mining operations now ceased. Expected to result in a £30 cash inflow across FY21 and FY22 £25m conditional contract exchanged at Unity Joint Venture for a 32-hectare commercial development German JV progressing and repatriation of dividends expected to be payable to Hargreaves’ shareholders in FY22 equivalent to 12p per share Underlying performance in the Distribution and Services division was satisfactory despite a significant decrease in revenue following the expected completion of several large contracts and the delayed full mobilisation of HS2 COVID delayed the completion of the sales of the Blindwells plots Progress against investment case In the most recent results, Hargreaves reported net asset value of £130 million versus a market cap of around £65 million. Our intrinsic value estimation is centred around the net asset value, which presents considerable upside, and we continue to believe that this should grow over time as development opportunities add value. The business needs to demonstrate disposals and cash inflows, combined with the stabilisation and return to predictable operating profit of the Distribution and Services division to enjoy a re-rating. The pass through of the German associate dividend combined with the group’s own free cash flow presents a tangible value opportunity at the current price and we would expect this also to drive a re-rating if this is realised.
red ninja
02/11/2020
08:16
This is about the only company I own that has gone down. Anyone know why?
netcurtains
28/10/2020
15:12
Dragged down with the market. I am buying again tiger
castleford tiger
28/10/2020
13:36
Bought a few at £2.02 for the medium/long term. HSP seems a bit shaky so maybe able to acquire even lower shortly.
red ninja
28/10/2020
08:01
Ayl30: Agreed and to top it all this company is miles off its recent post covid highs - so its post covid cheap... Using the very basic formula for a netnet stock its 86% of a netnet. Its nav per share is £3.62 share price about £2.10 Big land/house sales could be happening soon...
netcurtains
28/10/2020
07:44
Think land sale will be significant
ayl30
28/10/2020
07:43
Pretty solid AGM statement. Contract wins and little Covid impact. That dividend is getting nearer and they are cheap for sure but have been since March when they fell 30%. Key question what is catalyst that will get them moving up? Next large land sale ? Actual dividend announcement ?
harrogate
01/10/2020
06:22
Thanks CT, got it.
muckshifter
30/9/2020
19:02
CT - that is very helpful. thank you in advance. I've not spent the time, as m/s has going through the accounts in detail, but the impression i have is that there are 'no-brainer' level of assets in this business supporting way above the current share price but that it is not cleanly cut and easily visible - thus requires some leap of faith. my confidence comes from: meeting BoD last year, chart support, Herald + CT on board All IMHO, DYOR + BoL HSP is in my portfolio
thirty fifty twenty
30/9/2020
17:12
muckshifter You are in this game. You understand it. Tiger
castleford tiger
30/9/2020
16:43
Just say you are thinking of investing I have asked FDs on the basis that I am looking to invest but don't understand a couple of things
harrogate
30/9/2020
16:39
Thanks for the suggestion Harrogate, but I don't feel entitled to ask difficult questions as a non shareholder.
muckshifter
30/9/2020
16:07
Why don't you ask the FD - he is usually willing to answer questions if he can within the bounds of market sensitivities
harrogate
30/9/2020
16:04
This has to be one of the most frustrating shares I’ve ever looked at. Noticing the other day that the accounts were out, I just spent an hour trying to make sense of the Annual Report, in respect of several questions that are, imo, quite critical to the future of the company. The AR just seemed to me to be a dogs breakfast. It was not possible, afaics, to get the answers to the questions I had in mind. For example, in a previous report £9.5m (iirc) of claims relating to Blackwell’s old jobs were shown in the accounts and I wanted to see how claims settlements were working out. There was a write off of approximately 900K during the year due to final settlement of one of the three contracts in question, but the outstanding “assets” are now shown as £11.5m including retentions, which makes it impossible to identify what the 900K was written off against – ie. what percentage of the claim was lost. This was of interest to me, as I still don’t see much benefit, or logic, in the Blackwell purchase, coming through. Trying to make sense of the reinstatement reserves for closed opencast is similarly frustrating, with odd numbers popping up all over the place, and no information about intended use for the recently closed sites. The cost of “preparatory” work at Blindwells is, I believe, shown for the last two years as a very substantial sum at £15m, but there is no indication whether this simply applies to the plots provisionally sold or covers further plots. This is a crucial question imo, as, no doubt, the plot purchasers are getting some sort of guarantee against things like collapse compression and differential settlement, on a site with huge variation in age, depth, composition, and method of backfill employed and hence compaction achieved. The Tranent bypass was built through Blindwells on a strip of fill that was compacted for the purpose, iirc, but I think it settled something like 250mm after opening. This is the most important future determinant of potential profit to be earned on old opencast sites, I believe, and it’s far from well explained. Anyway, I‘ll leave it at that and would welcome any answers explaining things I’ve missed as at the moment I’m not a buyer here.
muckshifter
24/9/2020
06:54
Thanks, both. I'll check them out.
raggedtp
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