Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Thursday 06 Apr 2017 Author: Daniel Coatsworth

 

The granting last  week of planning permission to convert an old mine site into a property development adds 100p to Hargreaves Services’ (HSP:AIM) net asset value, says N+1 Singer.

The broker’s new intrinsic value for the business is now 460p which compares to the trading price of 333.5p as of 4 April 2017.

Last August Hargreaves said it had amassed an 18,500 acre portfolio of property which included a range of agricultural and development land.

It has been working on this portfolio to clean up the land and try and extract significant value through a mix of property, industrial and energy developments.

‹ Previous2017-04-06Next ›