Updates

Hargreaves - Shares tread water but trading is OK

December 2006

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.

At its AGM on 10 October, Hargreaves Services noted that trading in Q1 has been in line with expectations with the integration of Norec proceeding well and already producing synergy gains from the combined customer base. Meanwhile, Hargreaves’ order book has continued to grow with several existing contracts being renewed or extended while new business has also been gained, particularly for mineral supply to the generators. Following the sale of 800,000 shares by large shareholder Robert Young, the share price has under-performed reflecting fears of a stock overhang. We view any further weakness as a good buying opportunity. Hold / average down. ...

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Hargreaves Services - Acquisitions paying off massively (October 2007)

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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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