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Hargreaves Services - Eps forecast for next year rises to 147.1p

October 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:
  • 975p
One of the most striking characteristics of the commodity boom is its unpredictability. Even the best investors don't know whether they are cheap or dear or what the future holds. The only thing that can be said is that the majority view is usually wrong.But despite the volatility of the commodities cycle, Hargreaves, whose various divisions handle coal in one form or another, has almost become a byword for reliability. The company is a long time favourite of Sharewatch. We first recommended the shares shortly after the company floated in Jan '06 and they have already performed well, rising from 310p to 975p now. This has been supported by pretax profits growing from just £6.8m in the year to 31 May 2006 to £40.5m in 2 ...

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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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