Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Could this be the start of a meteoric rise
Hm...a lot's being made of Germany's use of coal, yet it's stated they have a power supply glut and demand is contracting. Plus Merkel is keen to ramp up the green agenda again. I'm sceptical. Current projections say world coal consumption will max by 2016 then decline as green agendas kick in - even China, which was supposed to be the saviour of coal has radically changed tack. Fracking is expected to come online in about 2 years. If it fulfils even a small percentage of expectations, it has the capability to obliterate coal entirely. But there's time yet for these things to happen, meanwhile I expect there's still some profit here. But signs are it will inevitably decline.
I certainly will be keeping an eye on these things-but remember many gas fired plants are now mothballed because they are unable to compete on price with coal, and fracking gas for power is still a way off. The situation is moving fast and the three man executive team at Hargreaves has shown itself to be very light on its feet. For one thing the twelve coal fired power stations under construction in Germany will need coal as well as the rest which currently power 50% of their electricity and Hargreaves import coal from Russia into Germany.
You might like to think so - but 20 new gas stations planned? Osborne gung ho for fracking? Regulations there's a legal obligation to meet? We shall see... I suggest keeping an eye on how many of those coal plants have question mark over them. If most opt to shut by the deadline for making a decision that's looming at the end of the year, then you'll have a good idea where it's going.
Mrs Moneybags refers to the deluded Upper House acting like King Canute-as the rest of the world moves more to coal powered generation (estimated 25% increase by 2020) they seek to reduce its use. Fortunately those politicians who matter are beginning to feel the force of the futility and cost of green power impacting on their voters and will act accordingly. With little new plant on the horizon to replace the 40%of affordable power that coal reliably produces-to paraphrase Mark Twain, reports of the demise of its importance will turn out to be grossly exaggerated. Fortunately for us shareholders Hargreaves Group inhabits the real world and has a dynamic future.
The tide may be about to turn against coal miners, however. The Lords just voted to increase restrictions on coal generators that could shut virtually all plants, leaving next to nowhere to sell coal in the UK. Plus talk of a 'Carbon Bubble'. Next couple of years might still be ok, but if fracking successfully comes on line, I'd say its curtains for coal.
Thanks for your thoughts. Was there anything else discussed at the AGM of interest? I really like this company and hold far too many shares for me but I just think its current valuation is crazy! I will continue to add until I see a reason not to. GLA
Hope you guys are correct
Those of us at the AGM detected an air of confidence from the directors following successful acquisition from receiver of the bulk of UK surface mining industry , together with associated equipment. They can benefit from synergies to feed their coke plant and power generation contracts. The clincher is many thousands of acres of potential building land when coal has been stripped-a win-win situation-firstly a rich mineral source, then a land bank. Present valuation seems well behind events.
Well I for one do.... Forecast PBT figures for this year at £50 million + and a new progressive dividend policy. I still think this will go 1000p + in the next few months.
Does anyone believe the share price will recover to £9.00 and beyond.
broken free...so more Jolly accumulation
of £8/£8.40 trading range.. ...multiples still juicy imv
(not before time lol)
TD
Anyone managed to buy these in an ISA? my HSBC account won't let me
Jolly puzzled/pleased to be offered these prices to build substantial holding
This afternoon which has pushed the price up
Whilst there remain challenges ahead, particularly due to the uncertain economic climate and its knock-on effects on the major coal users in the power generation and steel sectors, we believe that the Group's resilience leaves it well positioned to deal with any further market volatility. The UK business, strengthened by the recent surface mining investments, provides a sound platform to look selectively at additional expansion opportunities. Recent trading in the UK has been encouraging and we remain confident of achieving expectations for further growth in the current financial year.
Did somebody just sell 100000 shares?! Maybe why this has gone down recently? Anybody any thoughts?
Today's interim results and update reveal yet again the resilience of this outfit. Factors ,largely beyond the management's control have presented enormous challenges which are clearly being overcome in a calm and clinical way. The Group now looks confidently towards gaining new contracts and consolidating it's unique niche position where it's expertise gives good reason for the expectation of profitable times ahead.
u never know - esp with hsp of late
Sold out at 7.50 this morning, guess there's good results coming up and the Belgium nonsense is maybe not so bad?
I emailed the company and they have not established everything yet, I wonder whether any is recoverable somehow?