Hargreaves Services Share Discussion Threads

[castleford tiger] 08/2/2021 08:43

300 p boys and girls

[smithie6] 08/2/2021 08:23

flurry of trades first thing today

(sell trades going thu at +2% since first sell trades today, not bad)

tipped ?

(by Simon Thompson ?)

[smithie6] 05/2/2021 17:21

buy trade of 9k shares reported at 297p (~ £27k worth !), perhaps that was the order being filled, that was soaking up the sales

[smithie6] 05/2/2021 14:16

16k shares sold
3.5k shares bought

so sales are multiples of the number being bought

yet the price is staying up, the same as is in recent days

....could it indicate that perhaps a big buy order is being filled ??

[smithie6] 05/2/2021 11:35

with 2 sizeable land sales now at Blindwells there is a good chunk of cash coming in to pay for any work that HSP has to do as part of the sales, infrastructure which can then in part be re-used/shared with future land sales at the site. (comparing with a tree, new branches will need to be added for each major land plot, but the lower part of the trunk (the first part of access on to the site, the access closest to the A road.) does not need to be changed when a new branch is added. However there would/will be a cost when the second access/trunk is built (further from the A road), towards the retail area.

& one assumes that some of the infrastructure (site roads, site drains) being put in by HSP for the Bellway homes will also be used in part by these Persimmon homes. Hence my guess is that there is a slighter better resulting nett profit for HSP in this land sale, due to lower infrastructure expenditure from HSP.

planning such a big project looks a bit like a game of chess, deciding what to do at what time as time progresses & with cash flow being important its important to get it right.

[smithie6] 05/2/2021 10:55

good news in recent months & 2020

sizeable value for the sale of land plots at the 2 biggest land projects of the company

& the cross site road is open at Hatfield.

looking good from my viewpoint

[smithie6] 05/2/2021 10:51

yep.

Top flight UK building companies as customers at Blindwells, Bellway & now Persimmon. (& another company with Bellway doing the lower cost homes in the land sale with Bellway, I can't recall that smaller company's name)

Better/more detailed level of info is given in this RNS, & it's from the chairman & not the MD, interesting. Maybe the chairman & board have made a decision to improve the quality of info in RNSs :-).

[ayl30] 05/2/2021 07:10

Land sale rns looks encouraging

[castleford tiger] 04/2/2021 16:54

I bought what I could at 290

[smithie6] 04/2/2021 16:21

up 10% over the last 5 trading days

not bad

[smithie6] 04/2/2021 15:32

test sale trade gives a price of 290.6p

lines of sales going thru yesterday & today....& yet the price rises !

imo someone(s) is soaking up the shares

(phps at least 2 buyers since if it was just 1 they could just soak up any sale trades without having to increase the price to buy)

[castleford tiger] 29/1/2021 16:40

Muckshifter

I resent our carefully worded e mails and still nothing.

Harwood want this in my opinion

tiger

[muckshifter] 29/1/2021 15:09

Hope you're right CT, and I wish potential buyers would get on with it! The (imo) excessive use of "smoke and mirrors" in HSP's issued RNSs makes me doubtful, and although the AR reveals quite a bit, it might well generate more awkward questions from a buyer when issued.

[smithie6] 29/1/2021 12:47

some big trades gone thru this morning

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(for any bidder, getting rid at end of December of any bank debt makes the calculations much easier & reduces the risk factor)

[smithie6] 29/1/2021 12:44

interesting idea

I hadn't thought of that

Might be a decent buy for Wimpey or Bellway or Persimmon. Bidding with a partner & the partner then takes the bits which are not suitable for building residential/commercial properties. & a property company gets a big block of building plots in one go.
& for Wimpey etc they might get a lower per plot price than buying say 50-100 plots at a time

[castleford tiger] 29/1/2021 11:40

This is all being made ready for a sale.

An offer for HSP will be coming this year I feel

tiger

[smithie6] 29/1/2021 11:19

restricted building rate

there are 2 schools included in the Blindwells project

Do you know who pays for building these ?

When they are being built can the home construction rate be increased since the completed schools will need children & new local families ?

(new schools with teachers & heating costs will not be a good cost for the local council if there are only 5 kids per class !)

[smithie6] 29/1/2021 11:17

reading the stuff on the council website
I had a look a few months ago but I never wanted to read everything & Council's are quite powerful, plans can change or be delayed if the Council can't change them without big financial liabilities..!

& I've been doing various things in recent months...

I'm still a fan of HSP, although like you I'm not a 100% fan of the MD & the central costs still look too high imo. The recent buy of £65k of shares by a director gives me some hope/confidence.

[smithie6] 29/1/2021 11:10

morning

'lack of sale of the third plot'
you are better informed than me.
I didn't know there was a "third plot" or that it had been marketed for more than 1 year !
I just assumed that HSP would be trying to sell more land. But I do know that the big advertising sign by the major road only went up a few weeks ago.
And other buyers of land might naturally want to see the existing 2 house builders start work, kicking off the whole project with the first homes, before jumping in the water.

[muckshifter] 29/1/2021 10:48

Morning Smithie6, reading your latest post this morning, I have the impression that you let your enthusiasm for HSP hold reality at bay.

Those restricted build rates were imposed by East Lothian Council planning department, with the key word being – planning. There are lots and lots of facts about plans for expansion of existing facilities, education capacity, walking route requirements to existing schools from Blindwells, etc, on their website, and from memory there is another major development in East Lothian which also has similar build rate restrictions, that I stumbled upon, on their website. In other words, ELC have given lots of consideration to their education budget, including the costs of building staffing and running new schools, the income to be derived from “rates” for new houses and its timing, etc. and imposed the planning restrictions I wrote about.

If you think HSP don’t feel at all restricted by these build rates, what other explanation do you have for the lack of a conditional sale of the third plot, which has been marketed for more than a year now, and the big slowdown in plot preparation?

[smithie6] 27/1/2021 16:54

ah ha, due to limitations for providing education !
interesting.

but that can be changed fairly quickly imo

been quite a lot of home building has been going on in that general area, so I guess they are expanding/extending some schools
& a school (2 I think, primary & secondary ) is planned on that site I recall, & to build those 2 schools it will need children to fill the classes, ie. new homes on Blindwells
so the restrictions to the construction rate can easily be changed imo

(73 new homes to 3/22 & then 97 per year
...too low imo......

& surely for a new school to operate it needs kids & of different ages.
if 7 years in primary school, 5 to 12 years old. 7 classes of 30 kids/class = 210 kids. if 1.5 kids of 5 to 12 yrs of age) per new home then 210 kids (5-12 yrs old) would need ~150 homes, if 1/home of 5-12 age then 210 homes.

just guestimated numbers but an imposed limit of 97 new homes/year looks too low to me, although yes it does need planning/managing.

[muckshifter] 27/1/2021 16:38

Smithie6
The restrictions are repeated in many of the documents within the East Lothian Council planning site that I referenced yesterday.
24 dwelling allowed by 31/3/21
73 from then to 31/3/22
97 from then to 31/3/23 and then 97 each year to 2031, after which it tails off. It is an overall restriction based on available education facilities.

Good luck to that director, he can have mine before long I think!

[smithie6] 27/1/2021 15:39

muckshifter

a director bought more today

I guess you saw that

a sizeable investment. exactly £ 65.0k
at 270p

[smithie6] 27/1/2021 15:38

muckshifter
some good info.
thanks for sharing.

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restrictions on house building rates at Blindwells

?

where does your info/numbers come from ??

[harrogate] 27/1/2021 14:00

Maybe in 3 to 5 years the article says.