Hargreaves Services (HSP)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

570.00p
   
  • Change Today:
      20.00p
  • 52 Week High: 580.00
  • 52 Week Low: 394.50
  • Currency: UK Pounds
  • Shares Issued: 32.72m
  • Volume: 23,445
  • Market Cap: 186.50m
  • RiskGrade: 224

Hargreaves Services lifts forecasts amid strength at German venture

By Josh White

Date: Tuesday 03 May 2022

LONDON (ShareCast) - (Sharecast News) - Industrial and property service provider Hargreaves Services hiked its expectations further on Tuesday, due to "continuing strong performance" at its German joint venture Hargreaves Raw Materials Services (HRMS).

The AIM-traded firm said commodity prices, specifically pig iron and zinc, were still having a positive benefit on the results of HRMS and its subsidiary, DK Recycling und Roheisen.

It said HRMS management was "confident" that the venture had sufficient visibility for the rest of the current financial year to expect its contribution to Hargreaves' results to increase by around £5m after tax from prior consensus estimates.

Additionally, the board said it expected some benefit to fall into the first quarter of the 2023 financial year, resulting in an increase of approximately £1.5m after tax against consensus estimates.

It said it remained difficult to predict how long the favourable market conditions would prevail, with both the German management team and the board "cautious" about the medium-term sustainability of the positive trading conditions.

The rest of the group's businesses were trading in line with market expectations, the directors added.

"Clearly current market conditions are extremely favourable, and the board is impressed with the way in which the HRMS team is successfully navigating the opportunities that the market is presenting," said Hargreaves Services' chairman Roger McDowell.

At 1154 BST, shares in Hargreaves Services were up 1.35% at 600p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HSP Market Data

Currency UK Pounds
Share Price 570.00p
Change Today 20.00p
% Change 3.64 %
52 Week High 580.00
52 Week Low 394.50
Volume 23,445
Shares Issued 32.72m
Market Cap 186.50m
RiskGrade 224

HSP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.56% above the market average85.56% above the market average85.56% above the market average85.56% above the market average85.56% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Price Trend
85.71% above the market average85.71% above the market average85.71% above the market average85.71% above the market average85.71% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
64.68% above the market average64.68% above the market average64.68% above the market average64.68% above the market average64.68% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
13.46% above the market average13.46% above the market average13.46% above the market average13.46% above the market average13.46% above the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HSP Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Mar-24 21-Sep-23
Paid 11-Apr-24 30-Oct-23
Amount 18.00p 6.00p

Trades for 12-Jul-2024

Time Volume / Share Price
16:35 315 @ 570.00p
16:35 51 @ 570.00p
16:35 7 @ 570.00p
16:35 51 @ 570.00p
16:35 26 @ 570.00p

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