logo-loader
viewHargreaves Services Plc

Hargreaves Services expects results in line with expectations

In a trading update, the AIM-listed firm said that trading has been satisfactory

coal
Hargreaves Services said it has now entered into exclusive negotiations with one party to acquire Breockwell Energy Limited

Hargreaves Services PLC (LON:HSP) has said the company expects to report results in line with expectations, with net debt higher than expected.

In a trading update, the AIM-listed firm said that trading has been satisfactory.

READ: Hargreaves Services sees profits drop, but hikes dividend and stays upbeat on second half

The company added that net debt is likely to be £30mln which is higher than expected due to the delay in the sale of a legacy land asset. The firm added that contracts for sale have now been exchanged.

Hargreaves Services said it has now entered into exclusive negotiations with one party to acquire Brockwell Energy Limited, with completion expected to occur within the next few months. 

The Group expects to report its preliminary results for the year ended 31 May 2018 on 1 August 2018.

Quick facts: Hargreaves Services Plc

Price: 285 GBX

AIM:HSP
Market: AIM
Market Cap: £91.64 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Things coming together nicely in Greenland, says Bluejay Mining's CEO

Rod McIllree, Bluejay Mining PLC’s (LON:JAY) chief executive, tells Proactive that all three of its projects in Greenland are shaping up nicely with plenty of interest from mining giants. Dundas is the flagship and here a bulk sample of mineral sands has been shipped to a Rio Tinto facility...

18 hours, 31 minutes ago

2 min read