Hargreaves Services Share Discussion Threads

[smithie6] 18/2/2021 15:36

muckshifter
fair enough

how come you didnt like the deal selling the coal ?

I thought it was a good/clever move, in one move making HSP free of any nett bank debt, & that was previously a -ve factor for the share imo.

& also makes HSP a much cleaner target to receive a bid, for it or just its land division.

[muckshifter] 18/2/2021 15:21

Afternoon Smithie6.
The only shares I ever owned in HSP were the approx £1k worth that I bought for the short term early last November, for one of my kids, and they were sold last week.

After many years of watching HSP make what I felt were a never ending series of blunders, I’d begun to think that they might just be pulling themselves together, and felt that the short term news flow should be reasonably good.

But, after the last few RNSs I wanted out as soon as my target was reached. For long enough I’ve been posting that I didn’t think Blindwells would be the bonanza many expected, but a steady reasonably profitable long term project, and the last few RNSs have vindicated that view, imo. HSP spending to November 20 on Blindwells preparatory work amounts to approximately £22m, with no yardstick to measure that against – ie. have they completed all the most expensive preparatory work within the intended budget, or not, and so far they have received just £4.2m in January from the Bellway completion – no wonder HSP seem to have slowed down work at Blindwells, with the next £2.1m due January 22.

The RNS about the coal sale to HRMS was an incredible RNS in my opinion, and if there was such a thing, I’m sure it would win the London Stock Exchange “smoke and mirrors” Oscar of the year, so I was pleased to exit when I did.

However, differing opinions are what makes the market, so I wish all posters here the best of luck and a continuation of the rising share price.

[netcurtains] 18/2/2021 09:40

It shows you these "value" plays when they work they really work.

[castleford tiger] 18/2/2021 09:35

I tend to agree this is just the market catching up with what was a crazy price.

I am very happy but as they say let the trend be your friend.
tiger

[harrogate] 18/2/2021 09:10

Hasn't it just been a bit slow to get back to where it was a year ago? Since then news has been very good , although land sales delayed. So if we were worth £3 a year ago I would say we should be over £3.50 and we are getting there.

[smithie6] 18/2/2021 08:40

Muchshifter
there might be something happening here, phps worth hanging on your remaining shares, phps

the driven share price action imo without news to produce it looks unusual to me
phps the German venture has a good outlook (recalling that its predicted turnover is 300million once turnover has built up, 5% nett profit would be 15 million !, in the future not yet, what is actually possible I have no idea)

[red ninja] 17/2/2021 20:44

Is it to early to fret about inflation.



Well I am thinking that land on the balance sheet provides a hedge should inflation take off.

[smithie6] 15/2/2021 14:48

indeed...

sometimes it feels like the mkt is linked to one's sell button, with a 1-5 day random delay timer !!
(after you sell, then after a delay the price goes up)

(I'm still holding, to give it time to develop (hopefully)
& if this starts spitting out a big divi yield every year then it should be worth holding for the yield )

[red ninja] 15/2/2021 13:44

Well I'm sure we've all done it.
However, for me with a £4 NAV and that with land assets at cost price, a forecast dividend of 20p. I am hoping for more.

[smithie6] 15/2/2021 13:17

wharghhhhh !!

looks like you were right Muckshifter !
+3% today, quite a big move for HSP in 1 day.

:-0

[muckshifter] 14/2/2021 12:35

Well, I sold my daughter's shares this week, so that will probably mean that the shares will soar next week! Good luck all.

[castleford tiger] 11/2/2021 16:49

they only declare each % point so bought at least .28% the others may have been bought between the last announcement and this one

[red ninja] 11/2/2021 15:47

It's not that clear. Recent RNS for 5.27% says "shares", 13th Aug looks like they held the 4.55% indirectly maybe by CFDs.

[muckshifter] 11/2/2021 15:36

Wonder why they didn't follow the usual format in the latest announcement. It looks like they sold shares and bought CFDs or similar. Reading the "holdings" RNSs makes the various institutions look like day traders!

[red ninja] 11/2/2021 15:14

Well on 13 August 2020 Artemis Investment Management LLP notified they had 4.55% so on
29 January 2021 they have gone up to 5.27% so I make that a buy of 0.72%.

[muckshifter] 11/2/2021 14:54

I think you got that the wrong way round Smithie6, the RNS said that they have 1,703,165 shares. At 24th July 2020 they owned 2,988,517, so they sold some but HSP are being a bit shy about telling you.

[smithie6] 11/2/2021 13:53

recent RNS
Artemis hold 1.207 million shares

Number held previously ??

[smithie6] 10/2/2021 15:19

yep
Simon Thompson

[muckshifter] 10/2/2021 12:53

That's a bit disappointing, I missed the shares being above £3, must have been tipped somewhere!

[smithie6] 09/2/2021 14:13

a flurry of big trades between 12:00 & 13:00

including

"09-Feb-21 12:56:54 310.00 582,525"

582k shares !

[smithie6] 09/2/2021 08:47

that director's share buy reported on 27 Jan.
of £65k worth

he is now up by £9.6k, 'if' you excluded the buy/sell spread

turned out to be good timing

[smithie6] 09/2/2021 08:42

another 2% rise in the price to sell

:-)

[carcosa] 08/2/2021 09:56

From ST:

Trading on an unwarranted 26 per cent discount to net asset value (NAV) of 400p and a conservative looking one, too (land is in the books at cost), I feel that the 320p target I outlined when I initiated coverage, at 206p (Alpha Report: ‘A high yielder offering significant hidden value’, 19 March 2020), will be surpassed. My new target of 350p is based on a fair value target PE ratio of 13.5 and dividend yield of 5.9 per cent based on 2021-22 forecasts. Buy.

[arthur_lame_stocks] 08/2/2021 09:45

Didn't I read somewhere that their property portfolio could be worth £50m in time? If so It's worth resisting the temptation to sell now and simply collect an excellent dividend for a few years while waiting for that value to be realised.

[smithie6] 08/2/2021 08:48

sell trades now at 296p....
much better for holders than the 270p a few weeks ago.

(& buys at 302p)