Primary Recommendation

Hargreaves Services - New renewable power opportunity not in forecasts

November 2009

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.

To the untrained eye, Hargreaves Services, whose operations range from bulk haulage to minerals trading and coal mining, might appear to be a relic from the bad old days of empire building conglomerates. But as chief executive Gordon Banham points out, Hargreaves operates a unique business model with each piece of the jigsaw providing synergies and cross-selling opportunities. As a result the company has experienced an electrifying period of growth with eps increasing more than seven-fold from 10.4p in 2005 to 76p in the year just ended. While Banham jokes that he has created a treadmill of high expectations, almost every year he has pulled a new rabbit out of the hat and this time is no different with a move into â€œgreenâ€ ...

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Albemarle & Bond - Pawnbroker enjoying windfall gains from surge in gold

Hargreaves Services - Falling coal prices hit growth prospects (November 2014)

Hargreaves Services - Rock-bottom forward PE of 5.3 (August 2014)

Hargreaves Services - Brighter prospects and low PE of 6.4 (December 2013)

Hargreaves Services (June 2013)

Hargreaves Services - Shares storm towards Â£9 (April 2013)

Hargreaves Services - Trading on prospective PE of just 6 (February 2013)

Hargreaves Services - Remedial works at Maltby going well (August 2012)

Hargreaves Services - Setback at Maltby reduces eps forecast (July 2012)

Hargreaves Services - Price target lifted to 1570p (April 2012)

Hargreaves Services - Brewin retains 'conviction buy' stance (February 2012)

Hargreaves Services - Target price 1500p (November 2011)

Hargreaves Services - Surge in oil price could lead to eps upgrades (April 2011)

Hargreaves Services - Prospective PE still just 7.5 (January 2011)

Hargreaves Services - Shares finally move higher (November 2010)

Hargreaves - Thankfully pulls out of UK Coal bid talks (August 2010)

Hargreaves Services (April 2010)

Hargreaves (February 2010)

Hargreaves - Eps on track to rise from 50p to 75p (April 2009)

Hargreaves - Substantial eps upgrade (March 2009)

Hargreaves Services - Brewins increase price target to 920p (November 2008)

Hargreaves Services - Rocketing coal prices should drive significant re-rating in shares (September 2008)

Hargreaves Services (June 2008)

Hargreaves (May 2008)

Hargreaves Services (April 2008)

Hargreaves Services (February 2008)

Hargreaves Services (November 2007)

Hargreaves Services - Acquisitions paying off massively (October 2007)

Hargreaves Services (August 2007)

Hargreaves Services - Earnings enhancing acquisition (April 2007)

Hargreaves - Shares tread water but trading is OK (December 2006)

Hargreaves (October 2006)

Hargreaves Services (September 2006)

Hargreaves (August 2006)

Hargreaves - Acquires bulk haulage firm (July 2006)

Hargreaves Services - Energy support services firm growing very fast (May 2006)

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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