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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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 2.00 | 0.36% | 564.00 | 11,097 | 15:33:29 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 564.00 | 576.00 | 588.00 | 562.00 | 562.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Sanitary Services, Nec | 211.15M | 12.28M | 0.3740 | 15.72 | 184.52M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:33:29 | AT | 70 | 564.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 15/11/2024 | 11:23 | UK RNS | Hargreaves Services PLC Share Option Awards |
| 11/11/2024 | 09:55 | UK RNS | Hargreaves Services PLC Director/PDMR Dealing |
| 30/10/2024 | 15:21 | UK RNS | Hargreaves Services PLC Result of AGM |
| 30/10/2024 | 10:25 | ALNC |  IN BRIEF: Hargreaves Services property director exits; trading in line |
| 30/10/2024 | 07:00 | UK RNS | Hargreaves Services PLC AGM Statement |
| 26/9/2024 | 06:00 | UK RNS | Hargreaves Services PLC Notice of AGM and Posting of Annual Report |
| 20/9/2024 | 06:00 | UK RNS | Hargreaves Services PLC PDMR Dealing, Exercise of Options and TVR |
| 16/9/2024 | 06:00 | UK RNS | Hargreaves Services PLC PDMR Dealing |
| 13/9/2024 | 07:26 | UK RNS | Morgan Stanley Europe SE Form 8.5 (EPT/NON-RI)-Hargreaves Lansdown plc |
| 05/9/2024 | 10:09 | UK RNS | Hargreaves Services PLC PDMR/PCA Transfer |
Hargreaves Services (HSP) Share Charts1 Year Hargreaves Services Chart |
|
1 Month Hargreaves Services Chart |
Intraday Hargreaves Services Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 19/11/2024 | 16:53 | Hargreaves Services plc | 3,394 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:33:29 | 564.00 | 70 | 394.80 | AT |
| 15:14:56 | 570.17 | 1,700 | 9,692.83 | O |
| 15:11:10 | 575.80 | 87 | 500.95 | O |
| 14:50:18 | 570.17 | 7 | 39.91 | O |
| 14:44:22 | 567.57 | 368 | 2,088.64 | O |
| Top Posts |
|---|
Posted at 11/11/2024 17:03 by totally banjo From this morning:11 November 2024 Hargreaves Services plc ("Hargreaves" or the "Company") Director/PDMR Dealing Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, announces that, on 8 November 2024, David Anderson, Group Property Director and PMDR, sold 2,789 ordinary shares in the capital of the Company ("Ordinary Shares") at 564 pence each. The shares were immediately repurchased by him into an ISA at 563.87 pence each. Following this transaction, David Anderson's aggregate beneficial holding is unchanged at 113,653 Ordinary Shares, representing 0.35% of the total issued share capital of the Company. |
Posted at 30/10/2024 08:42 by davebowler Cavendish-Hargreaves Services has issued an AGM statement which affirms that all three divisions are progressing in line with expectations, with Services benefiting from continued trading momentum and HRMS continuing to benefit from a normalising environment after a series of disruptive effects which impacted FY24 (year ending 31 May 2024). The Land division has brought its first tranche of renewable energy assets to market, affirming the company's commitment to realising value from these assets. Given the positive progress in the first four months, we reiterate our forecasts for FY25EFY27E with no changes. We maintain our 850p target price. |
Posted at 30/10/2024 08:18 by davebowler SingerHargreaves' AGM statement confirms a strong start to FY25. All three divisions are performing in line with expectations and we make no changes to forecasts. With a high level of secured Services revenue (70%), strong Land opportunities and signs of recovery at HRMS, the outlook is confident. Against this, we continue to see significant value in the shares and see recent share price weakness (shares down c.20% over the last two months) as a good buying opportunity. The investment case is clear - as Hargreaves transitions to a capital-light and profitable Services and Land Development business, we expect a number of value realisation events, with potential to return up to £150m of capital vs. a market cap of £168m. Investors are paid to wait for value to be realised, with a sustainable dividend yield of 7%+. The shares trade at a discount to NAV of 583p and significantly below our conservative sum of the parts valuation of 757p. Buy |
Posted at 09/8/2024 08:36 by xtrmntr Recently, I was invited to Harwood Capital for a talk with its chief executive, Christopher Mills. Mills reviewed the holdings of the North Atlantic Smaller Companies Investment Trust (NAS), along with some of Harwood's own investments.Hargreav |
Posted at 09/8/2024 08:33 by xtrmntr From the ICHargreaves Services (HSP:572p), an industrial group and land developer, had already signposted a reversal in underlying pre-tax profits.The earnings decline reflects a lower contribution (net profit fell 92 per cent to £1.5mn) from Hargreaves raw material services (HRMS), the group's German metals trading subsidiary, a supplier of specialist raw materials to European customers in the steel, smelting and ferroalloy industries. Lower demand (down 27 per cent) from a recession-hit Germany hit trading volumes and HRMS's steel waste recycling business was impacted by weaker zinc and pig iron prices.However, an increase in the gate fee charged to accept steel waste dust, which is recycled into both zinc and pig iron production, is helping to boost margins, and the cost of coke, a key fuel in the process, has been secured at lower prices. Both factors will lead to a substantial improvement in the steel waste recycling profitability this year.The other two parts of the group continue to perform well. The services business delivered 25 per cent higher like-for-like underlying pre-tax profit of £11.4mn, buoyed by its earthmoving contract on HS2. It's just one of 65 term and framework contracts that provide visibility on more than 70 per cent of budgeted revenue in the current year. Major contracts include a five-year award from Yorkshire Water for environmental handling services, additional earthmoving work on Sizewell C Nuclear Power Station, and a five-year mechanical and engineering services contract in Hong Kong.Hidden balance sheet valueThe group's land division more than doubled underlying pre-tax profits to £8.2mn, and will start selling off its renewable energy land assets (three wind farms, six access agreements and two solar farm leases) in the current financial year. The assets are held in the accounts at £7.4mn and have been valued at £27mn-£28.8mn (82-88p).Bearing this in mind, the board plans to repatriate cash from the land sales to shareholders. That's because Hargreaves is in a £22.7mn (69p) cash position, has recently completed the buy-in of its defined-benefit pension schemes, which saves £1.8mn of annual contributions, and the only leasing liabilities (£34.2mn) relate to equipment on an HS2 earthmoving contract which will reduce as it runs down. It's worth noting that a silver lining in HRMS's lower trading activity is that it has reduced the subsidiary's working capital requirements. Based on the future level of profitability, the directors expect a £7mn annual cash payment from HRMS, hence the eye-catching 71 per cent hike in the annual dividend.There is also hidden balance sheet value in the flagship 390-acre site at Blindwells, near Edinburgh. Hargreaves' land division has 100 acres to build on in the first phase, and the second phase of the project, known as Greater Blindwells, could see a further 1,500 homes developed on 135 acres of land. It ensures a constant income stream for years to come. The investment in Blindwells accounts for a fifth of Hargreaves' net asset value of £192mn (586p), highlighting the substantial unrealised value in the group's balance sheet. Importantly, the homes are affordable, which is supportive of home buyer demand.The shares have delivered a 217 per cent total return (TR) since I initiated coverage (Alpha Research: 'A high yielder offering significant hidden value', 19 March 2020), and a TR of 40 per cent since my last buy call seven months ago. Trading on a discount to sum-of-the-parts valuations of 850p (Cavendish) and 757p (Singer Capital Markets), underpinned by a 6.3 per cent dividend yield and rated on a forward price/earnings (PE) ratio of 13.5, the shares continue to rate a buy. |
Posted at 25/7/2024 08:53 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 08/7/2024 10:06 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 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 25/10/2022 15:05 by smithie6 HSP share price moves around a lot, every daywhy is that ? Is it traded on SETS & there no MM to give a bit of damping/stability ? |
Posted at 13/10/2022 11:14 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) |
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