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Hargreaves Services

July 2023

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:
  • 397p
Ahead of reporting in July, Hargreaves has said it expects to be at least in line with market expectations, implying sales of £200m, pretax profit of £25.8m and eps of 71.7p. There has been a strong performance from the Services business as a result of increased revenue including from HS2, as well as a better than expected contribution from the German joint venture, HRMS, although commodity prices have come back from last year’s elevated levels. For the current year, Singer forecasts £23.1m pretax profit / eps 63.2p. Strong 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.

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