Updates

Hargreaves - Thankfully pulls out of UK Coal bid talks

August 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

In its pre-close update for the year to 31 May, Hargreaves noted that results are expected to be in line with expectations. Best performance has come from the Energy & Commodities division, which is ahead of management expectations. The UK-based coal trading operations performed well with strong margins in sized and speciality coal more than offsetting the softening in UK power station volumes. Trading and profitability levels in Europe are ahead of expectation. In the production division Monckton performed well in H2 with international coke markets having recovered strongly. All coke is sold for the current year and discussions are underway for new contracts or extensions after 31 December. Despite an encouraging start, ...

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Tarsus - Chart break-out

Caretech

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Hargreaves (May 2008)

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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