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Hargreaves - A star in an energy conscious world

June 2008

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:
  • 610p
An analyst site visit sent the shares nicely higher. During the month Hargreaves also announced that Coal4Energy, the joint venture with UK Coal, had acquired an 85% stake in Maxibrite. Maxibrite is based in South Wales and manufactures smokeless fuel briquettes, supplying domestic  markets in the UK and France. For the 12 months ended 31 March, Maxibrite made a pretax profit £0.75m on sales of £7.5m which equates to a 7x notional share of 85% of profits. Maxibrite will add new products to Coal4Energy which is already the largest supplier of coal to the UK domestic market.Based on forecast eps of 43.2p for the current year, which ends this month (May) and 52.8p for the year about to start, ...

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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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