Hargreaves has released a positive H1 pre-close update. All business areas are trading in line with expectations and the Group is in excellent financial shape with cash of £18m at 30th November and no bank debt. We believe forecasts have been pitched prudently and, in our view, the valuation looks compelling at c.5x P/E with a very well supported 6% dividend yield (including additional dividend). Interims will be reported on 25th January ’23.
06 Dec 2022
Positive H1 update; trading in line with expectations
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Positive H1 update; trading in line with expectations
Hargreaves Services plc (HSP:LON) | 573 -103.1 (-3.1%) | Mkt Cap: 188.0m
- Published:
06 Dec 2022 -
Author:
James Tetley -
Pages:
3
Hargreaves has released a positive H1 pre-close update. All business areas are trading in line with expectations and the Group is in excellent financial shape with cash of £18m at 30th November and no bank debt. We believe forecasts have been pitched prudently and, in our view, the valuation looks compelling at c.5x P/E with a very well supported 6% dividend yield (including additional dividend). Interims will be reported on 25th January ’23.