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HSP Hargreaves Services Plc

580.00
0.00 (0.00%)
Last Updated: 09:29:02
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
  0.00 0.00% 580.00 7,250 09:29:02
Bid Price Offer Price High Price Low Price Open Price
564.00 582.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Sanitary Services, Nec 211.46M 27.92M 0.8510 6.82 190.26M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:53:05 O 1,750 567.78 GBX

Hargreaves Services (HSP) Latest News

Hargreaves Services (HSP) Discussions and Chat

Hargreaves Services Forums and Chat

Date Time Title Posts
24/4/202408:49Hargreaves Services plc3,310

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Hargreaves Services (HSP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:53:06567.781,7509,936.15O
08:58:45575.681,0005,756.82O
08:42:20564.00316.92O
08:42:20582.0051296.82O
08:09:44569.047003,983.28O

Hargreaves Services (HSP) Top Chat Posts

Top Posts
Posted at 25/4/2024 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 580p.
Hargreaves Services currently has 32,803,355 shares in issue. The market capitalisation of Hargreaves Services is £190,259,459.
Hargreaves Services has a price to earnings ratio (PE ratio) of 6.82.
This morning HSP shares opened at -
Posted at 04/4/2024 15:32 by harrogate
Or maybe it is to do with Tungsten West. It has just about doubled in the last 2 days so maybe their permit is going to come through. Seem to remember that it will be worth 2.5m a year to HSP if mining goes ahead
Posted at 15/3/2024 12:01 by red ninja
Well I don’t think that is that unusual for HSP or other AIM shares.

They are illiquid, often not getting broker coverage and often unloved.

However, they are good value.
Posted at 05/3/2024 21:43 by red ninja
I see in today’s RNS that Rodger McDowell (chairman) has moved 74.5 k of HSP shares to an ISA to protect from income/capital gains tax, a positive sign I feel.
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 27/1/2024 14:24 by red ninja
Well the singer target price is £7.70 and the company in the investor meets company presentation is saying the company is worth £8

With company parts Services at £3, Land at £3 and HMRS at £2.

If the company's plans go ahead as planned and paying a sustainable 36p a year dividend (covered by profits) then I think they will get to £6 and eventually £8.

However, the market will probably want to see evidence that thing are going to plan in the next few results before the company sees that sort of move in it's share price.
Posted at 24/1/2024 08:06 by harrogate
That's as good as I think we could have expected. It is a hard share price to read and with Downing likely to be reducing further with their issues it might be bumpy. But surely as interest rates come down we should be closer to 6-7 percent yield.
Posted at 21/12/2023 15:27 by smithie6
Profit

=====
2021
HMRS profit £18m
Group. £14m
Group excl. HMRS. £4m. LOSS !!


2022
HMRS profit £28m
Group. £34m
Group excl. HMRS. +£6m

======

These real numbers indicate that in the past that the rest of HSP, apart from HMRS, was a waste of time !

Adding 2021 & 2022 together the profit of HSP outside of HMRS was
-£4m +£6m
= + £2m.

That is just £1m/year !

Not exciting at all imo. But each to their own opinion.

Ok, historic numbers, might be better in the future. But land values are down imo. And that was the other profit contributor of HSP, used to be.
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

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