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Hargreaves Services - Eyewatering eps of 70.1p delivered

August 2021

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:
  • 525p
My decision to alight on Hargreaves was remarkably prescient with the company saying its German associate continues to go great guns reflecting strong raw material commodity prices.  As a result,  the results for the current year ended 31 May materially exceed market expectations, with eye-watering pretax profit of £21.2m and eps of 70.1p (versus c.50p expected when I made the shares a main buy a month ago). This year’s eps target is lifted to 41.5p. 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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