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Primary Recommendation

Hargreaves Services - 70% eps growth in FY08

December 2007

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:
  • 498p
The attraction for Hargreaves Services is that the company isgenerating good growth from a range of businesses, mainly involved incoal in one shape or another, which is likely to prove resilient evenif consumer spending slows down.  By the company's own admission, the work Hargreaves does isoften hard and dirty.  Historically the  main business wasthe haulage of aggregates for a number of blue chips. Unexcitingbusiness you might think! But the business provides the infrastructureto support its other activities, such as transporting run-off coalwhich Hargreaves imports from Russia for the power stations. UK coalproducers find it unprofitable to sink new shafts let alone new pitsand as a result coal is increasingly be ...

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Hargreaves Services - Planning authorities to meet on 4 July (July 2011)
Hargreaves Services (March 2011)
Hargreaves Services - Decision on Tower in New Year (December 2010)
Hargreaves Services - Tower Colliery approval expected before Christmas (October 2010)
Hargreaves Services (July 2010)
Hargreaves Services - Considering merger with UK Coal (April 2010)
Hargreaves Services - Eps forecast of 105.6p for next year (March 2010)
Hargreaves - Rollout of Rokpower power plants could each add £1.4m to profit (February 2010)
Hargreaves Services - £10 looks written on the shares (October 2009)
Hargreaves - Changing mix of business (March 2009)
Hargreaves Services - “Ahead of expectations†(February 2009)
Hargreaves Services - Forecasts pushing strongly ahead (October 2008)
Hargreaves - A star in an energy conscious world (June 2008)
Hargreaves (May 2008)
Hargreaves Services - Hedging marks latent upgrades (March 2008)
Hargreaves Services - Gain to date: 99% (October 2007)
Hargreaves (August 2007)
Hargreaves (March 2007)
Hargreaves (January 2007)
Hargreaves - Overseas move expected (October 2006)
Hargreaves Services (August 2006)
Hargreaves - Acquires bulk liquid transport fleet (July 2006)
Hargreaves - Establishes joint venture (April 2006)
Hargreaves - Meeting notes (March 2006)
Hargreaves - Attractive new issue (January 2006)

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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