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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 2376 to 2399 of 2450 messages
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DateSubjectAuthorDiscuss
04/10/2021
16:31
Well, I wonder what you are waiting for now? Below £4? A number of us have a £6 target. I think the price has gone down on some people being invested for the coming divis and realising that the HMRS might be sold off for an acquisition warchest. Which is certainly a possibility, given Harwood Capital's involvement. But I don't believe Christopher Mills approved their stake with a £4 ambition. Current market cap is around tangible book value, which doesn't have any of the upsides factored in. And by the way, the Tungsten West IPO is in train now, which would give another little boost.
raggedtp
04/10/2021
16:11
Now around the same level as where they issued the “significantly ahead” trading update. A lot of my small caps have really come down over the last few weeks vlx/rch/staf/strix and have similar charts to this one. On my watchlist, I have 40% in cash and itchy fingers.
dr biotech
01/10/2021
14:27
bought 5% more back to 20% of the 30% i sold
castleford tiger
30/9/2021
17:27
Yes, very strange price action. I am tempted to increase my holding.
raggedtp
30/9/2021
13:35
i sold 30% in late July/ August as i posted i have bought 15% back. I will keep buying at this level tiger
castleford tiger
30/9/2021
13:34
Peter the market is a strange place and the shares were 200p just a year ago. My opinion is they are now too cheap again
castleford tiger
30/9/2021
13:07
I’ve had a few more this morning.
the big fella
29/9/2021
16:58
Perhaps collapse was a bit strong.But 25% down in a month even after 20p div. Land (assets) only sell once.As for Blackwells,muck shifting thats my expertise at the moment margins are wafer thin with lots of competitors (Collins) Having said all that 126% up in 18 months+ divi. Can't be bad. Hanging on in there for the ride
peter oconnor
29/9/2021
14:22
Peter Not sure what you mean? I hardly think its a collapse...........just some profit taking after a very strong run and almost 20p in dividend. The shares are undervalued by any metrix and i continue to hold a significant amount. Rest assured i will not dissappear. tiger
castleford tiger
29/9/2021
11:33
Place your order at the midpoint and good chance you will meet the price.Just bought some HSP 4.44 this morning when it was showing a spread of 4.32-4.54.
patsyluck
29/9/2021
11:32
That's a heck of a spread at the moment - 5%.
ptgint
29/9/2021
08:27
Looks like it's had its run and hit its peak. Everyone crows when it's on the way up and dissappear on the collapse.
peter oconnor
28/9/2021
17:36
bought more
castleford tiger
28/9/2021
09:47
The Hargreaves Land part of Hargreaves Services has created a new website :- HTtps://www.hargreavesland.com/
red ninja
21/9/2021
13:55
Does anyone have any idea what the eps for the next 2 years will be?
johnv
21/9/2021
12:40
I have bought back in
the big fella
21/9/2021
11:41
Topped up more
castleford tiger
16/9/2021
16:04
I think a few might have been waiting for the dividend before selling. Never seems to work. I would think we need a trading update, contract win or decent land sale to push us on from here but lots to look forward to I think
harrogate
16/9/2021
15:58
And down 30 p
castleford tiger
16/9/2021
15:37
Ex div today for the 16.5p dividend to be paid end of October
harrogate
07/9/2021
21:12
I think 600 looks a touch light now. At 650 I will review and possibly take another chunk out reducing my position to 50% .what I bought with the odd exception is doing very well. STAF up 20% since my last purchase
castleford tiger
31/8/2021
08:11
Downing Strategic Micro Cap I.T. Quarterly News Update :- Http://www.downing.co.uk/assets/dsmletter HARGREAVES SERVICES has enjoyed a fantastically profitable period of trading since we last wrote, with its German JV, Hargreaves Raw Materials Services GmBH (HRMS) driving significant EPS upgrades throughout the year to date. The profitability here has been driven by very strong commodity prices, in particular zinc and pig iron. The HRMS business is an interesting collection of operations which are worth exploring in more detail. Hargreaves owns 49.9% of the voting equity in HRMS but takes 86% of the economic benefit through additional non‐voting shares. Ultimately, we think that an exit of HRMS is likely to be the ultimate outcome here, with Hargreaves announcing that it “plans to explore strategic options for HRMS with its professional advisors over the course ofthe next several months.” The core HRMS operation is the trading business which trades commodities such as pig iron, coal, coke and other carbon products for the steel and refractory industries. Given the (trading) nature of the business, profits can be highly variable and have ranged from €2‐10 million over recent years, with revenue dependent on throughput volume multiplied by a margin. In times of strong commodity prices, the business trades higher volumes and can earn better margins contributing to the current strength in this business. It does not take commodity price risk asit backs‐to‐;back transactions, but it does have to invest working capital to facilitate trading and in the last year, as commodity prices have been very strong, working capital has increased from €38.3 up to €64.6 million, consuming cash in the process when it makes sense to invest more into trading stock. Naturally, this ought to unwind when commodity markets soften. The Carbon Pulverisation Plant (CPP) is a €28 million investment by HRMS which grinds coal and other carbon products to produce coal dust. This is again used in the steel and refractory industries and is being used in Germany to replace brown lignite coal which produces around twice the carbon footprint of coal dust and has been the backbone of German industry and power generation for decades. The Green agenda in Germany currently is to phase out brown coal by 2038, although emissions regulations likely mean this must be quicker. While the facility is currently ramping up from current break‐even level of c100k tonnes, it has capacity to produce 400k tonnes which ought to generate €3‐4 million of profit. The market is still evolving here, but around 2 million tonnes of brown coal dust are sold in Germany so it seems reasonable to assume that the CPP can find a market for 300k tonnes to take it to capacity. The final operation is DK Recycling which HRMS bought in 2019 for €1 when it was generating €130 million of revenue and losing €2 million per annum. Management turned this around to profitability and it now contributes positively to the group. DK recycles waste product – mainly dust containing iron and zinc – from the steel manufacturing process. DK offers a neat environmental and financial solution since its process avoids the landfilling of this material and its gate fees are also lower than those of a landfill. Competitors do not have the recycling capability and are therefore more exposed to the current commodity price increases. Management’s aim of €4 million of profit from DK over the medium term seems reasonable to us. The question is then how to value HMRS. We think it is fair to take a reasonable multiple on the trading outcomes of DK Recycling and the CPP plant which in combination might be worth around £50‐60 million based on Hargreaves 86% interest. Recall also that there is significant asset backing in here to support this. The trading business is more volatile and requires a through the cycle view, but we think it could be worth another £10 million or so. Overall, there is considerable value in HRMS. Right now, Hargreaves’ shareholders realise this value through a £3.9 million dividend which is passed straight through to Hargreaves’ shareholders and is supplemented by cash generation from the group. Adding in the Services and Land value we still believe that the intrinsic value sits comfortably above the current share price and there is considerable scope to generate shareholder value here through numerous catalysts.
red ninja
11/8/2021
16:49
Ploughed plenty back into STAF HFD LPA TND SAGA SNR MPAC Just needed to spread it about still love HSP and its dividend
castleford tiger
11/8/2021
15:29
Well done Tiger having trousered a near £600K
solarno lopez
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