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Hargreaves Services - Yet another forecast upgrade

July 2022

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:
  • 492p
Having been upgraded just last month, Hargreaves has said FY22 ended on a high note with its German associate, HRMS, continuing to perform strongly. As I said last month, commodity prices, including zinc and pig iron, have maintained their high level since the Ukraine invasion and HRMS’ contribution to Hargreaves results for the year ended May is now said to be £3.5m greater than had been expected last time. N+1 Singer has upgraded to £32.9m pretax profit/eps 97p with £25.3m/ 71.7p this year. Results are due on 27 July. Keep buying. ...

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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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