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 Shares Traded Last Trade
  0.00 0.0% 239.00 7,232 16:28:00
Bid Price Offer Price High Price Low Price Open Price
230.00 248.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 302.61 -9.86 -14.75 77
Last Trade Time Trade Type Trade Size Trade Price Currency
15:50:46 O 1,041 240.00 GBX

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Date Time Title Posts
28/9/201915:54Hargreaves Services plc1,842

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Hargreaves Services (HSP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-17 14:50:47240.001,0412,498.40O
2019-10-17 14:43:39232.001,1302,621.60O
2019-10-17 10:36:55231.609002,084.40O
2019-10-17 09:53:24240.004,1619,986.40O
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Hargreaves Services Daily Update: Hargreaves Services Plc is listed in the Support Services sector of the London Stock Exchange with ticker HSP. The last closing price for Hargreaves Services was 239p.
Hargreaves Services Plc has a 4 week average price of 232p and a 12 week average price of 220p.
The 1 year high share price is 345p while the 1 year low share price is currently 220p.
There are currently 32,125,254 shares in issue and the average daily traded volume is 23,069 shares. The market capitalisation of Hargreaves Services Plc is £76,779,357.06.
muckshifter: CT, Response to your question over on LPA thread as promised. My overall view of HSP is that they will have to run hard to stand still for the next few years. I'm not considering buying any despite the future dividend indications, which in themselves look to me like an attempted justification for the share price. Their emphasis on developing property sites, I would assume is mostly based on old opencast sites. If you take Blindwells as an example, property profits from old OCC sites are likely to be OK but not great, slow to actually be realised and involve a significant cash drain to prepare the site for sale, well in advance of sale cash receipt. I'm still of the opinion that much of the £9.2m (iirc) "WIP" on legacy CA Blackwell contracts will eventually be written off (unless of course CAB staff follow the company's tradition and buy themselves out for a nominal sum and then miraculously get good settlements!). Also, I would now think HS2 is almost certain to be cancelled, which, imo, doesn't really leave a viable specialist earthworks division as the A14 work looked well on to me this Summer, and heading for the normally much less lucrative finishing works. And I'm not aware of when their private OCC Sites are programmed to complete, but the reinstatement costs will be another cash drain in due course I expect. But I must admit I haven't been interested enough in HSP to look at them very carefully - I just read the AR & Interims as they appear, so I'm open to correction!
gfrae: Well I cannot remember when they decided it was probably no longer eligible but it could have been post Nov 18. Of about 20 IHT shares I look at it is the only one they say is ineligible. Regardless of who is correct,it will or has affect(ed) the share price,which was my original point.
cc2014: Current dividend 7.2p, then an extra 12p from 2021 gives 19.2p plus whatever improvement we get on the 7.2p before then. Let's call it 20p which gives dividend yield of 8%. Current net debt is £18m and with £13m of legacy assets to sell along with cashflow from profits HSP should be debt free in a year to 18 months. Along with the NAV of 397p this imho puts a floor under the share price imho in this area. As the market gains confidence there are no further significant losses to come and the uplift in dividend gets closer I expect the share price to rise. Given underlying EPS is 15.3p per share and from 2021 they are proposing say 20p from above, the directors must have some confidence there are no further significant losses to come.
muckshifter: Very quiet here today after results and a rise in share price! Are all shareholders on holiday? Having read these results, I think the comment by meijiman in 1819 above looks very apt, as there does seem to be a big emphasis on property. A few things I noticed and found interesting in the results:- If the £0.6 million recovery of moneys paid for Blackwell represents full and final settlement, it is a miserable amount considering the problems Blackwell brought to HSP. Specialist Earthworks still looks to be in wind down - where to is anybodies guess. Blackwell would be vulnerable to HS2 cancellation, but such cancellation might generate decent compensation. The "legacy" CAB contracts which caused the huge losses seem about finished, so the losses (just £0.7m this year) should be almost gone, but there are £9.2m of presumably almost all contractual claims outstanding - as mentioned many times that was CAB's speciality. That is a very high figure so long after the relevant contracts had presumably submitted the claims cases. I would expect something of the order of £3m cash to be generated in settlements over perhaps the next two years, which helps the cash situation but means a corresponding write off of much the £9.2m value within the accounts. The info about Blindwells was quite informative, imo. The expenditure on "infrastructure" for the conditionally sold plots looks high, but that does not surprise me (post 1820 refers). It does mean, imo, that the profit ratio on sales of reinstated opencast are likely to be worthwhile but perhaps not anywhere near as spectacular as some shareholders believed.
cc2014: Interesting news this morning. I get all those "small" trades over the last few days now where people were prepared to pay the full offer. Lots of £5k type trades - I'm guessing friends of the management buying in. Anyways, it looks like a good deal for me. I wasn't expected them to dispose of Brockwell. Indeed I'm sure some time ago they were talking about spinning it off and then doing a fund raise on it as it would require more capital. I wasn't looking forward to a rights issue for that's great for me. I am surmising that the disposal would crystallise some of the discount in NAV to cash. Or at least depending on the deal to future revenue flows. Anything which crystallises the discount to NAV I approve of. So, I trust I have understood this correctly and wonder what the share price will do this morning, whether a) the news leaked some time ago and it's already in the price or b) the share price will move up a not unreasonable 10% or c) HSP is so far off the radar nothing will happen and it will gradually move over the coming weeks.
cc2014: Enjoying watching my paint dry and looking at the price of oil this should be giving the share price a nudge up. 350 on the offer has completely gone now and MM's discouraging any buying by forcing buyers to pay the fill ask
cc2014: So the FD sells a load of options which the market easily absorbs within the spread which tells me someone is still collecting stock. I don't really like it when the insiders sell but in this case I'm going to ignore it. He's held them a very long time and I understand when people want to sell a few as they get older. I'm more interested in two things: 1. That someone keeps collecting stock. 2. I'm trying to figure if the Russian situation escalates whether this will impact on gas supplies and what that would do for coal useage. At the moment BP. share price indicates this isn't on the market's mind. BP own 20% of Rossnet.
beeks of arabia: The CEO seems to have got away with a lot of poor judgement calls over the years.The strategy to go more heavily in to coal was a disaster and decimated the share price. The muck shifting purchase, frauds by subsidiaries, he was the man at the helm for it all.He's very lucky to still be in his position, and a change in structure would breath some further life in to things.Problem is that the industry is as inbred as a Norfolk farming community, a replacement would be like for like.
castleford tiger: And it looks like they are pursuing the previous owners who may have been not overly truthful.............probably advisors as well as DD was done. That aside I can see a £6 share price by 2020 as the company looks very cheap going forward Tiger
cc2014: well this from the final results on page 91 of the annual report. Net assets £137m Net asset value per share = £4.32. Not much to think about except hold and think about it a bit harder when the share price begins with a 4 or 5.
Hargreaves Services share price data is direct from the London Stock Exchange
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