A positive AGM update this morning provides a reminder of Hargreaves’ resilience, with all three businesses (Services, Hargreaves Land and HRMS) trading well. The balance sheet is strong (£19m net cash ex. leases) and the Board remains confident in delivering full year results in line with market expectations. In our view, recent share price weakness has been far too severe, undoing all of the progress since the start of the impressive upgrade cycle eighteen months ago. The shares now trade on 6 ....
27 Oct 2022
Positive AGM update highlights resilience
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Positive AGM update highlights resilience
Hargreaves Services plc (HSP:LON) | 545 -54.5 (-1.8%) | Mkt Cap: 178.8m
- Published:
27 Oct 2022 -
Author:
James Tetley -
Pages:
3
A positive AGM update this morning provides a reminder of Hargreaves’ resilience, with all three businesses (Services, Hargreaves Land and HRMS) trading well. The balance sheet is strong (£19m net cash ex. leases) and the Board remains confident in delivering full year results in line with market expectations. In our view, recent share price weakness has been far too severe, undoing all of the progress since the start of the impressive upgrade cycle eighteen months ago. The shares now trade on 6 ....