Fast expanding company involved in Coal mining and transport of coke to power stations.



The Maltby mine is producing 1mill tonnes of good coking coal a year just work out what that is in value..I would not be surprised if there is a bidder willing to take this on at 8 a share .

still keeping an eye on this one mitzy. Fortunately, I recently sold out of uk coal recently @ 410p. HSP looks more defensive.

Bounces off 450p everytime Gus.

Buy says the Mail on Sunday..

http://www.express.co.uk/money/view/77571/Careful-stockpickers-can-still-uncover-gems-on-Aim

Great nes this week brokers forecast 950p soon.

HSP Hargreaves Services...

Some big upgrades by Brokers here ... (digital look)

Date Broker name New Price Old price target New price target Broker change

11-Jan-10 Panmure Gordon Buy 691.50p 966.00p - Reiteration

17-Dec-09 Altium Capital Buy 695.00p 890.00p 910.00p Reiteration

17-Dec-09 Brewin Dolphin Buy 695.00p 920.00p 955.00p Reiteration

and from hemscott premium....

Hargreaves Services PLC

FORECASTS
2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
12-01-10 BUY 33.53 85.09 13.51 37.18 96.60 15.46

Evolution Securities Ltd
07-01-10 BUY 32.80 86.50 13.60 37.30 98.70 15.60

Brewin Dolphin Investment Banking
17-12-09 BUY 34.00 89.60 13.00 38.50 101.40 14.50

Altium Securities
17-12-09 BUY 33.40 89.00 13.00 37.30 99.60 14.30

Charles Stanley Securities
03-12-09 BUY 33.70 89.03 12.00 35.30 93.56 13.50

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 33.54 88.11 13.29 37.26 98.27 14.77

1 Month Change -0.00 -0.03 -0.03 0.10 0.94 -0.04
3 Month Change -0.06 -1.40 0.29 1.46 2.92 0.37


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS 50.83% 27.37% 11.53%
DPS 16.13% 23.06% 11.14%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 46.89m 52.70m 57.05m

EBIT 30.89m 37.70m 42.90m

Dividend Yield 1.56% 1.92% 2.13%

Dividend Cover 6.40x 6.63x 6.65x

PER 10.00x 7.85x 7.04x

PEG 0.20f 0.29f 0.61f

Net Asset Value PS 121.53p 342.26p 418.49p


Not very often that you get a full set of |Brokers following all with Buys and also a miserley P/E going forward of just over 7.

Way undervalued imho.

Thanks for the info GF its my banker afterall coal is valuable today.

Break-out..!

RNS Number : 8117F
Hargreaves Services PLC
20 January 2010






For Immediate Release
20 January 2010








HARGREAVES SERVICES PLC




Site Visits




Hargreaves Services plc (AIM:HSP), a leading supplier of products and services to the energy, mineral and waste sectors advises that it is conducting two institutional investor site visits of its facilities today, Wednesday 20 January and on Thursday 21 January and an analyst site visit on Friday 22 January.




No new material information will be disclosed at the site visits.




Enquiries




Hargreaves Services plc
0191 373 4485

Gordon Banham CEO



Iain Cockburn, Group Finance Director








Buchanan Communications
0207 466 5000

Tim Anderson, Catherine Breen, Stasa Filiplic








Brewin Dolphin Securities
0113 241 0130

Matt Davis, Graeme Summers

These are worth 750p in 2010...are % underpriced compared to sector averages.

Isnt it good.

Early morning shake by the mm's but it isnt working.

A nice set of interims yesterday and profits are now growing organically 1000p is my target.