image

The best stocks to buy since 1993

Latest issue now available

Hargreaves Services

March 2011

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:
  • 963p
Still no news on the Tower Colliery project where a council planning decision is imminent. Ahead of that expected news the shares have powered ahead to a new high. Helping has been strong interims showing that for the half year to 30 November, sales grew by 20% to £254m lifted by a jump in coal prices. Pretax profit lifted by 9% to £19.9m and eps went from 41p to 43.8p. The two key swing factors as always continue to be Hargreaves' minerals trading business and its production business, which both did well. In terms of the former, which supplies carbon-based products in the UK and Europe, sales went up by a third to £148.9m reflecting increased volumes in Europe and higher coal prices. Where Hargreaves reall ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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

LIMITED PERIOD OFFER

SUBSCRIBE TODAY AND SAVE £40 WITH OFFER CODE 40OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe