Coal and steel markets have continued to deteriorate and additional short term pressure has been caused by recent warm UK weather. Trading has therefore been negatively impacted (see forecasts below) and further steps are being taken to mitigate risks. Thanks to steps being taken, forecast cash inflows remain strong and, despite trading, we now expect more positive inflows in FY17 leading to c.£15m of net cash by May 17. Property is also now expected to start contributing in FY17. We expect more ....
14 Dec 2015
Markets still challenging
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Markets still challenging
Hargreaves Services plc (HSP:LON) | 556 -11.1 (-0.4%) | Mkt Cap: 182.4m
- Published:
14 Dec 2015 -
Author:
N+1 Singer Team -
Pages:
4
Coal and steel markets have continued to deteriorate and additional short term pressure has been caused by recent warm UK weather. Trading has therefore been negatively impacted (see forecasts below) and further steps are being taken to mitigate risks. Thanks to steps being taken, forecast cash inflows remain strong and, despite trading, we now expect more positive inflows in FY17 leading to c.£15m of net cash by May 17. Property is also now expected to start contributing in FY17. We expect more ....