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Hargreaves Services - 70% eps growth in FY08

December 2007

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:
  • 498p
The attraction for Hargreaves Services is that the company isgenerating good growth from a range of businesses, mainly involved incoal in one shape or another, which is likely to prove resilient evenif consumer spending slows down.  By the company's own admission, the work Hargreaves does isoften hard and dirty.  Historically the  main business wasthe haulage of aggregates for a number of blue chips. Unexcitingbusiness you might think! But the business provides the infrastructureto support its other activities, such as transporting run-off coalwhich Hargreaves imports from Russia for the power stations. UK coalproducers find it unprofitable to sink new shafts let alone new pitsand as a result coal is increasingly be ...

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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.

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