image

The best stocks to buy since 1993

Latest issue now available

Hargreaves Services - Acquisition and eps upgrade

August 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HSP
  • Price:
  • 805p
Following on from the £42m fundraising and last month's news it was in exclusive talks with the liquidators of Scottish Coal, Hargreaves has acquired certain land and surface coal mines for  £8.4m. The assets comprise land, certain plant and equipment and five surface mines where mining will re-commence shortly. Hargreaves says the sites have around 3m tonnes of coal with a further 12m tonnes at pipeline sites. The annual target production is 1m tonnes supported by £12-£15m investment, making for a total capital investment of c.£23m. Adding to this the two operating assets bought from ATH's liquidators, Hargreaves now has 2m of annualised production and as we said in May, given Hargreaves is targ ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe