TX2
09 Oct 2018
Information The fall in share price today is due to financial problems at Wolf Minerals;Hargreaves acts as contract mining service supplier at Devon tungsten site.Total potential exposure circa £8m plus profit loss of circa £1m per annum probably. Annoying but perhaps not fundamental in relation to the long term realisation of assets.
Totally_Wired
27 Sep 2018
Brockwell Energy Plans for Westfield EfW plant take shape 26 September 2018 by Luke Walsh A planning application by Westfield Energy Recovery has been submitted for an energy-from-waste plant as part of a project for the restoration and regeneration of an opencast mine. A period of local consultation on the EfW plant application, which has been submitted to Fife Council, is due to end tomorrow. The facility would be located in the Westfield opencast coal site near Kinglassie, Fife, and process waste mainly in the form of refuse-derived fuel. The plant already has planning permission in principle (PPiP) as part of the Westfield Restoration and Regeneration Project, granted by Fife Council on 15 August, but it was subject to 30 planning conditions and obligations. Plans to build the EfW plant were originally announced in February this year, when mining and minerals business Hargreaves Services revealed it would spin off its energy business into a new company called Brockwell Energy. Westfield Energy Recovery, which is a subsidiary of Brockwell Energy, hopes to be allowed to build a 200,000-tonne-per-year EfW facility, according to the planning application. Electricity generated by the plant would be exported to the grid or alternatively in the future, sent directly to businesses on the site by a private wire. The plant has an electrical capacity of 23.7MW, of which 21.5MWe is due to be exported. [link]
Totally_Wired
27 Sep 2018
Brockwell Energy The Groups interest in the Energy sector are managed by Brockwell Energy Ltd. The group is in the process of diversifying this business. [[link] Brockwell Energy Limited were formed in 2017 to raise investment capital to develop an £800 million portfolio of energy projects, predominantly in Scotland, on and around former coal mining sites. What are we doing? Brockwell’s focus is on a range of renewable technologies, including Energy-from-Waste (EfW) and onshore wind. We are also keen to explore the investment opportunities around other exciting projects such as solar photovoltaics (PV), small efficient gas engines, battery storage and other flexible generation assets to support the government’s drive towards a low-carbon economy. Why are we doing it? At the heart of our mission to produce clean, renewable energy are the communities in which we hope to develop and invest. As a responsible, people-focused company, we are committed to creating projects that bring long-term community benefits. This includes job creation, land restoration, public access, recreational opportunities and ecological enhancement. How are we doing it? Here at Brockwell we recognise the sensitive nature of some of our projects and that’s why we take the utmost care and consideration from the initial design phase through to completion. It also means the potential impacts of landscape aesthetics, public access, noise levels and local ecology are always at the forefront of our minds. Paramount to all our energy projects is our desire to be open, transparent and accessible. We pledge to proactively seek to engage with communities, groups, stakeholders and statutory bodies through dialogue, consultation and press coverage. [link]
Totally_Wired
27 Sep 2018
Information Hargreaves at a glance Hargreaves Services plc is a diversified group delivering services to the industrial and property sectors. Listed on AIM (LON:HSP) and headquartered in Durham, our 2,000+ employees are spread around the world delivering a vast array of projects and services. Our history is steeped in coal through mining, sourcing, processing and blending, moving and handling. We still have a number of operations and services in the Production and Distribution sector and now possess one of the largest mobile plant fleets in Europe, but today Hargreaves delivers much more. After a series of strategic acquisitions, our land portfolio across the UK has increased to in excess of 17,500 acres. Our focus now is on adding value to this land through development. For further information visit the Hargreaves Land website. Whilst we still carry out our traditional activities such as industrial services and logistics, these have now broadened to incorporate renewable energy, civil engineering and land restoration and remediation. Take a look at the various sectors we work in to find out more. [link]
forwardloop
18 Jun 2018
Information Hargreaves Services (HSP) 360p £114 million Hargreaves Services is involved in coal supply, transport, logistics and earthmoving. The company’s markets have been in a period of change, particularly coal, and Hargreaves has had to adapt. The business is still being restructured and it has property assets that could be worth more than their book value. In the six months to November 2017, revenue fell from £170.9 million to £150.3 million. A loss was reported but the underlying pre-tax profit improved from £173,000 to £890,000. Three specialist earthwork contracts are still being completed and losing money for the group. Hargreaves continues to pay regular dividends and special dividends could be paid out of the proceeds of disposals, or there could be further share buybacks. The interim dividend has been maintained at 2.7p a share. Net debt was £20.6 million, down from £36.9m. Hargreaves continues to realise value from its property and energy assets. Only £2.4 million of the expected £35m has been achieved so far. Income of £27m has been generated from the sale of legacy assets with £33m more to come. This is enough to more than wipe out debt. The NAV was £135 million at the end of November 2017. That is 423p a share. Net tangible assets were £123 million. The sale of the first part of the Blindwells site in East Lothian for housebuilding could happen in this financial year. The property assets have a book value of £31 million compared with a market value of £49 million.
CASTLEFORD TIGER
20 Feb 2018
heavy trades 2 big trades today cannot both buy buys?Tiger
thirty fifty twenty
14 Feb 2018
results are confident in all 3 divisions these seemed good results to me.i wonder now was the spike yesterday to deliberate so as to generate a fall today and create a negative impression to try and shake weak holder. All a very conspiratorial thought but with NAV of 423p , a decent dividend, debt lkely to be CASH before end of year and progeess in all 3 divisions it is hard to see why the sahres are not at least 10% higher.The chart looks increasingly positive.All IMHO, DYOR + BoLHSP is in my portfolio
TX2
14 Feb 2018
Re: at 364p + 16p today - something cook... Seems to have a credible story going forward to maintain progress.I am up just over 100% here & starting to get decent dividends!
CASTLEFORD TIGER
14 Feb 2018
Re: at 364p + 16p today - something cook... NAV 423 !
CASTLEFORD TIGER
13 Feb 2018
Re: at 364p + 16p today - something cooking?... first half numbers and update tomorrow.NAV ABOUT 440P?still worth buyingtiger
thirty fifty twenty
13 Feb 2018
at 364p + 16p today - something cooking?? well this is a strong move today,after a period when the share price has traded in a very narrow range.the hidden value here i senormous,both in terms of the properties,and new exciting energy venture.question is can mgt realsie that value?let's see but the very positive share price,and great strength relative to the amrekt in recent weeksis a very positive technical sign.All IMHO, DYOR + BoLHSP is in my portfolio
CASTLEFORD TIGER
30 Nov 2017
Re: look too cheap which is why I bought this week moretiger
TX2
30 Nov 2017
Re: look too cheap Yes!But no idea for recent fall back;suprised as we now have a better idea of value of residual assets & company seems to have a programme about its future.Good value now.
CASTLEFORD TIGER
30 Nov 2017
Re: look too cheap looks like I was right.tigeranyone still in here?
CASTLEFORD TIGER
28 Nov 2017
look too cheap in my opiniontiger
