Today’s update reassures that H1 trading is in line and that Coal Distribution outperformance is expected to offset any risks over the timing of property transactions. Our forecasts are unchanged, but the tenor of the statement suggests that forecast risk in H2 is firmly on the upside. Management’s focus is on delivering profit from all of the operations, reducing overheads and reducing volatility, and progress is being made towards these goals. Coal and Logistics profits are improving, the Eart ....
30 Nov 2017
N+1 Singer - Hargreaves Services - Trading in line; positive progress on several fronts
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N+1 Singer - Hargreaves Services - Trading in line; positive progress on several fronts
Hargreaves Services plc (HSP:LON) | 545 -54.5 (-1.8%) | Mkt Cap: 178.8m
- Published:
30 Nov 2017 -
Author:
Jon Lienard -
Pages:
4
Today’s update reassures that H1 trading is in line and that Coal Distribution outperformance is expected to offset any risks over the timing of property transactions. Our forecasts are unchanged, but the tenor of the statement suggests that forecast risk in H2 is firmly on the upside. Management’s focus is on delivering profit from all of the operations, reducing overheads and reducing volatility, and progress is being made towards these goals. Coal and Logistics profits are improving, the Eart ....