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Hargreaves Services

July 2014

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:
  • 601p
Hargreaves has issued a preclose statement that said profits within its energy & commodities, transport and industrial services divisions have all been in line. However, within its production leg, Monckton coke works has seen continued pricing pressure whilst the surface coal mines experienced weather disruption earlier in the year. The combined effect is to reduce the production division's profits by £3-£5m.  Reflecting the full potential £5m impact, Jeffries has downgraded by 8% to £56.4m for eps of 128p. Not expensive on a PE of 4.7. Continue to hold.   ...

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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.

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

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