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Hargreaves - Rollout of Rokpower power plants could each add £1.4m to profit

February 2010

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:
  • 704p
Ahead of results on 16 February, Hargreaves has issued a preclose statement for the six months to 30 November. The industrial services and transport divisions have performed mostly OK but there has been some very good performances elsewhere.In particular, its coal trading activity (purchase and resale of carbon products) is ahead of expectations. Trading volumes in Europe are increasing steadily and there has been encouraging progress at the new coal   operations in  Belgium and Poland.  Some details also finally emerged on Rocpower, which plans on operating small biofuel power stations. These take renewable fuel, which will be mixed with heavy fuel oil and used to produce electricity. The first 8MW plan ...

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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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