Hargreaves has confirmed a resilient H1 performance and reiterated full year expectations. December’s speciality coal disposal was an important strategic step, which moves the Group into a net cash position (ex. leases). There is also news today of the first completion at Blindwells, a notable milestone for the development and for Hargreaves Land. The shares have recovered from their recent lows but, in our view, still do not reflect the progress of the past year or our expectations of earnings ....
27 Jan 2021
Resilient H1; positive developments post period end
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Resilient H1; positive developments post period end
Hargreaves Services plc (HSP:LON) | 497 49.7 2.0% | Mkt Cap: 163.0m
- Published:
27 Jan 2021 -
Author:
James Tetley -
Pages:
3
Hargreaves has confirmed a resilient H1 performance and reiterated full year expectations. December’s speciality coal disposal was an important strategic step, which moves the Group into a net cash position (ex. leases). There is also news today of the first completion at Blindwells, a notable milestone for the development and for Hargreaves Land. The shares have recovered from their recent lows but, in our view, still do not reflect the progress of the past year or our expectations of earnings ....