Following the recent flurry of significant forecast upgrades, Hargreaves has confirmed an in line conclusion to FY21. It has been a year of excellent progress across the Group, particularly for Hargreaves Land and HRMS, the two drivers of recent outperformance. Cash generation has been another highlight of the year with a year end net cash position of £16.3m (2020: net debt of £28.1m). The shares have responded well to recent newsflow but Hargreaves’ valuation remains undema
02 Jun 2021
Strong profit and cash outturn confirmed
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Strong profit and cash outturn confirmed
Hargreaves Services plc (HSP:LON) | 544 -43.5 (-1.4%) | Mkt Cap: 178.5m
- Published:
02 Jun 2021 -
Author:
James Tetley -
Pages:
3
Following the recent flurry of significant forecast upgrades, Hargreaves has confirmed an in line conclusion to FY21. It has been a year of excellent progress across the Group, particularly for Hargreaves Land and HRMS, the two drivers of recent outperformance. Cash generation has been another highlight of the year with a year end net cash position of £16.3m (2020: net debt of £28.1m). The shares have responded well to recent newsflow but Hargreaves’ valuation remains undema