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More land sold i see. If i recall correctly it was in the book at cost.
Hit 300p today?
Anybody know the potential financial impact for HSP if the HS2 project is cancelled/ curtailed?
"27 January 2021, Chris Jones, Non-Executive Director, purchased 24,073 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") for 270 pence per Ordinary Share."
https://www.londonstockexchange.com/news-article/HSP/director-pdmr-dealing/14842723
I am sure we will. The German operation looks healthy with the parent about to begin taking a regular dividend stream.
NAV is just over £4 and that includes land at cost. Provided no slip ups what can go wrong??
Hopefully we get some good news in a week
Thanks Teelabrown!
Hi Scoobydoo,
I think you may have been a tad off with your reporting of Simon Thompson's target price. Here's an extract from the Investors Chronicle article:
"...but still trades on an unwarranted 33 per cent discount to a conservative net asset value (NAV) of 403p (land is in the books at cost). A chart break-out above the December 2020 high of 278p looks firmly on the cards to set up a likely rally to the January 2020 high of 320p. That former high water mark is also my target price. Buy."
Someone today has woken this sleeping log from its deep slumber! Nice move. Cheers ST!
HSP, once again, tipped. I was not aware that analysts are forecasting divies analysts of 20p a share full-year dividend, rising to 20.5p in 2021/22 and 21p in 2022/23. Blimey these divies are full on!
ST also stresses for shareholders to expect a busy H2 - with loads of properties sell ( = cash realisation) + busy FY 21 due to HSP winning loads of new contracts. ST's target price 403p which is also the NAV p.s
HSP has a chequered past which has held it back.
The main excitement with the share is the old industrial land bank.
Market was hoping for more land sales in the last TU and it was that which triggered the sp fall.
Then again as long as those sales come though in a few months its no real problem.
The land is priced in the NAV at acquisition cost and therefore there may be upside there ...
Bigboot - you are not missing something - I've had this stock for a few months - bought entry level at 212p - It's boring, spread's wide, low margins + exposed to Brexit (hence the big fall today which allowed me to get in to buy more).
As stockopedia says - The Company's principal activities are the provision of haulage services, waste transportation, mineral import, mining and processing, together with specialist earthworks and related activities. Its segments include Coal Distribution, Industrial Services, Logistics and Specialist Earthworks - zzzzzzzzzzzz
But it's got
- NAV 403p
- January high was around 320p
- latest TU was trading as expected
- Mr Thompson in Aug 20 - says The board has just declared a maintained final dividend of 4.5p a share (ex-dividend: 17 September), and anticipates declaring a special dividend of 12p along with the final in the 2020/21 financial year. Analysts are pencilling in a total payout of 20p. - Very very nice divies.
So thumbs up.
Surprised there's not more action here, has just been tipped as strong buy by Simon Thompson at IC, large director purchases and great update and outlook. I'm new to this so perhaps I'm missing something.
Now is the time to get these
Dividend 10% next year plus 50% under nav
Some good news for a change. With the share price still well below nett assets and some extra divis coming from Germany in 2021 year this might be the turn around point in HSP's transformation. Oh, plus gradual releases of the expanding property portfolio. Fingers crossed!
Good and bad news in a roller coaster year.
Always respected the Board but how on earth did HSP end up with an £8m exposure??
Has this been explained or have I missed it?
Still holding though!
We were greeted at AGM with news that two directors had bought over a million pounds worth of stock.Presentation by CEO revealed that assets now way above share price underpinning the stock. Rolling out the 8000 house development south of Edinburgh in the main focus backed up by solid income from well established services capabilities.
Looks to me that Ian Cockburn has engineered a very satisfactory deal-cash in the bank and one less distraction for management to handle.
The solidity in the price regardless of the direction of the FTSE suggests, hopefully good news?? Maybe a positive pre results statement in early July.
I agree CC..........I am hoping this is a major turning point for HSP and am expecting news of sustainable increases in turnover and margins. Still a Bull in the wings.
This share is sure slow and steady but price slowly creeping up as we approach the next trading statement. Looks like buyers want in but aren't in a rush to get their stock and trying to get them cheap imho
I read a lot into yesterday's significant purchase by Gordon Banham. The AGM flagged up great potential in the Blackwood earthmoving section from potential contracts with HS2 and the Moorside nuclear project. The latter has just got the go-ahead. This added to the massive land bank,realisation of cash from sales of redundant mining equipment from Maltby etc. and buoyant coal sales in German operation begins to point to interesting times ahead.
06 December 2017 Hargreaves Services plc Hargreaves Services plc announces that on 5 December 2017, it received notification from Gordon Banham, Chief Executive Officer of the Company that he purchased 50,000 ordinary shares of 10 pence each in the share capital of the Company ("Ordinary Shares") at a price of �3.25 pence per share on 5 December 2017. Following this purchase, Mr Banham's total holding is 2,559,575 shares representing 8.00% of the Company's issued share capital.
?.
???
Worzel &Matty !! Huge selling pressure before update very strange?? Let�s hope the promises come to fruition!! GLA.