Tip update: Hargreaves Services shares are only beginning to recognise the value

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Interim figures from Hargreaves Services (LON: HSP) show good progress with the services business and highlight the potential value of assets of the AIM-quoted company.

In the six months to November 2024, revenues are 14% ahead at £125.3m. HRMS in Germany made a small profit contribution, compared with a £1.9m loss in the corresponding period. Pre-tax profit nearly doubled to £5.3m. That was despite a higher loss in the property business. The dividend was raised 3% to 18.5p/share.

Services margins are being retained as additional earthmoving contracts are won.

Property income can be ...

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