Hargreaves’ FY24 results confirm an adj. PBT outturn which is in line with expectations at £16.9m (SCMe: £16.6m). It experienced strong performances in Services and Land, with reduced profitability, as well as a significantly increased cash receipt, from HRMS, all as anticipated. With a high level of secured Services revenue (70%), strong opportunities in Land and signs of recovery at HRMS, the outlook is confident. Against this, we continue to see significant value in the shares. The investment ....

06 Aug 2024
Continued progress towards value realisation

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Continued progress towards value realisation
Hargreaves Services plc (HSP:LON) | 595 -119 (-3.3%) | Mkt Cap: 196.4m
- Published:
06 Aug 2024 -
Author:
Greg Poulton -
Pages:
3 -
Hargreaves’ FY24 results confirm an adj. PBT outturn which is in line with expectations at £16.9m (SCMe: £16.6m). It experienced strong performances in Services and Land, with reduced profitability, as well as a significantly increased cash receipt, from HRMS, all as anticipated. With a high level of secured Services revenue (70%), strong opportunities in Land and signs of recovery at HRMS, the outlook is confident. Against this, we continue to see significant value in the shares. The investment ....