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HSP Hargreaves Services Plc

578.00
4.00 (0.70%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  4.00 0.70% 578.00 8,956 16:35:16
Bid Price Offer Price High Price Low Price Open Price
562.00 588.00 578.00 578.00 578.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Sanitary Services, Nec 211.46M 27.92M 0.8510 6.79 188.29M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:53 O 283 578.00 GBX

Hargreaves Services (HSP) Latest News

Hargreaves Services (HSP) Discussions and Chat

Hargreaves Services Forums and Chat

Date Time Title Posts
25/7/202417:42Hargreaves Services plc3,341

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Hargreaves Services (HSP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:37:54578.002831,635.74O
2024-07-26 15:35:16578.001,1316,537.18UT
2024-07-26 14:13:24587.742,05012,048.67O
2024-07-26 13:56:19587.22169992.40O
2024-07-26 12:57:39572.668745,005.05O

Hargreaves Services (HSP) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Hargreaves Services Daily Update
Hargreaves Services Plc is listed in the Sanitary Services, Nec sector of the London Stock Exchange with ticker HSP. The last closing price for Hargreaves Services was 574p.
Hargreaves Services currently has 32,803,355 shares in issue. The market capitalisation of Hargreaves Services is £189,603,392.
Hargreaves Services has a price to earnings ratio (PE ratio) of 6.79.
This morning HSP shares opened at 578p
Posted at 25/7/2024 09:53 by davebowler
Cavendish-
Hargreaves Services has outperformed the AIM market and wider market over the past 1 year, 3 years and 5 years. In our view, this reflects a maturing profile of the business and an increased emphasis on crystalising value within the portfolio. We believe that the company’s specialised services offering and land development activities are well positioned to continue to perform over the next five years. In this initiation report, we provide a detailed overview of the operations and financial metrics, and we derive a target price of 850p, which represents 46% upside to the current share price.
Posted at 11/7/2024 10:37 by harrogate
Of course all the Wind farm sites at HSP are in Scotland where there was no ban on onshore wind. So no impact on HSP.
Posted at 08/7/2024 11:06 by red ninja
Yes, I was hoping that Labour parties position on renewables would be good for HSP. It will be interesting to see what HSP has got to say about this on the 31st July results or Investor Meet Company presentation.

The HSP land division should probably benefit from the drive to build 1.5 million houses as well although this will become clearer when Labour outline their plans more clearly.
Posted at 08/7/2024 10:58 by harrogate
Would have thought announcement from Reeves ending immediately the ban on onshore wind farms is generally positive for HSP and their renewables portfolio
Posted at 12/6/2024 08:09 by harrogate
See that TW have received the mining permit from the EA. Big step forward to production which would be a big piece of work for HSP eng services business for a number of years.
Posted at 17/5/2024 11:23 by red ninja
Interesting article on AJ Bell site :-

Compares the indicines FTSE 100, FTSE 250, FTSE AIM, and FTSE Small Cap ex Inv Co.

FTSE Aim index has risen 13 % in 10 years and 14.9 % in 20 years. The other indicines although not flying by US standards have done pretty respectably.

2024 has started reasonably for Aim and HSP, maybe HSP can surprise us this year...
Posted at 02/3/2024 22:25 by red ninja
Harrogate,

The 5th of Feb announcement states 3.89% of HSP is held by DSM + Downing managed clients funds.

However, that is two entities which is confusing.

Dsm states in 1st March NAV|portfolio statement that it has 1.04% of 30.44 million fund in HSP (see link in earlier post) that gets you to £316K and with a share price of £5.14 that gets you to 61K shares approx.

The Downing managed client funds must have the majority of the 5th Feb 3.89% of HSP. I don’t think the Downing managed client funds will be in a rush to sell HSP given that Downing thought HSP was a good investment apart from rebalancing sales if the HSP share price rises and means it becomes too high a proportion of a client fund.
Posted at 08/2/2024 16:41 by red ninja
Tipped in Shares Magazine today in article

"5 Small Cap Stars To Buy Today"

Hargreaves Services
(HSP) 475p
Market cap: £155 million

Whereas some of the other companies in this
feature are mainly about growth, Hargreaves
Services (HSP) is an asset-backed income play.
The firm has a core infrastructure services
business, a land business and a large stake in a
German industrial materials business.
The bulk of its revenue comes from the
infrastructure side where it provides earthworks,
mechanical and electrical services to major
water and electricity companies, as well as
working on HS2.
It is also a preferred partner to Balfour Beatty
(BBY) on the Lower Thames Crossing project, and
it is the only contractor on site at the Sizewell C
nuclear power plant in Suffolk.
The land business owns large former brownfield
sites which it upgrades and sells to developers, who
go on to build houses, industrial, logistics or retail
warehouse assets and renewable energy projects.
After a flat first half of 2023, activity has picked
up significantly among the housebuilders and
commercial activity is also increasing.
Finally, Hargreaves owns 49.9% of the equity in –
but the right to 86% of the earnings from – HRMS,
a raw materials business in Germany which trades
industrial materials, makes carbon and recycles
ferrous metals.
Using a sum-of-the-parts valuation approach,
we believe the business is worth around 800p per
share, nearly 70% more than its current market
value and slightly above the 770p figure achieved
by analysts at Singer Capital Markets using a
similar process.
We estimate the services business is worth
around £100 million or 300p per share, the land
business – where the assets are held at book cost
– is worth another £100 million, or 300p per share,
and the German unit has a book value of £67
million or 200p per share, excluding any
profits generated.
Obviously realising this value will take time, but
in the meantime, investors have the comfort of a
fully covered 36p annual dividend which equates to
a 7.5% yield. [IC]
Posted at 25/10/2022 16:05 by smithie6
HSP share price moves around a lot, every day

why is that ?
Is it traded on SETS & there no MM to give a bit of damping/stability ?
Posted at 13/10/2022 12:14 by smithie6
You have completely missed/omitted the main points of my recent posts, which are 100% correct.

you are completely deluding yourself if you think that the HSP share price has fallen because of general -ve mkt sentiment.

The share price is down because the mkt has seen that the mkt price for pig iron has halved (a big part of the HSP profit) & that land prices have dropped & might not now be sellable at all for X years.
If true then what is value of something that you cannot sell ?!!

(see my post about builders' production rate & stopping buying of more plots if they already have X years of plots in their land bank) (if a builders' production rate halves then his land bank will last for double the time, so he has no need buy more plots)
Hargreaves Services share price data is direct from the London Stock Exchange